Summary - 196 Bilsby Lodge, Chalklands HA9 9DY
2 bed 1 bath Flat
Auction lot with strong rental income and redevelopment potential for cash buyers.
- Producing £19,760 pa under an Assured Shorthold Tenancy
- Large flat: approximately 926 sq ft, two bedrooms
- Vacant garage and private garden included
- Lease has ~37 years remaining — lenders may refuse mortgages
- Sold at public auction; legal pack must be reviewed
- EPC rating D; likely needs energy and insulation upgrades
- Area has high crime and is classed as deprived
- Broadband speeds slow; building is mid-century construction
A two-bedroom second-floor flat in a mid-century block, offered to investors with an existing assured shorthold tenancy producing £19,760 per annum. The apartment is spacious at about 926 sq ft and includes a vacant garage and an outside garden — useful extras for rental appeal or future resale.
The property has significant practical drawbacks: the lease has approximately 37 years remaining, which will deter many mortgage lenders and will require a costly lease extension if a buyer wants market-standard financing. The building dates from the 1950s–1960s, cavity walls likely have no insulation, and the EPC is D, so energy upgrades may be needed to improve running costs and long-term value.
This lot will be sold at public auction (legal pack available) — suitable for cash buyers or experienced investors prepared to manage a lease extension and refurbishment. Broadband is slow locally, crime levels are high and the area is classed as deprived, all factors to weigh against rental yield and tenant demand. Transport links are reasonable (Jubilee line at Neasden, Wembley Stadium rail), and nearby schools include several rated Good and one Outstanding.
Buyers should review the legal pack, understand the Section 42 lease-extension process and budget for capital works and insulation/energy improvements. This is a value-driven, hands-on investment opportunity rather than a move-in-ready home.
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