Auction lot near Regent's Park — renovation and lease‑extension required, cash or specialist finance buyer preferred.
- Vacant two-bedroom flat, approximately 710 sqft
- Guide price £250,000+; sold by public auction (16 Oct 2025)
- Lease approx. 10 years remaining; lenders likely to refuse
- Requires full renovation; walls likely uninsulated
- Double glazing installed post-2002; EPC rating C
- Basement storage room and fire-escape balcony included
- Close to Regent's Park, Regent's Park tube and Marylebone rail
- Local crime level reported as high; consider security costs
A vacant second-floor two-bedroom flat offering 710 sqft of central Marylebone living, offered at auction with a guide price of £250,000+. The apartment sits in a 1930s purpose-built block close to Regent's Park, with good transport links at Regent's Park station and Marylebone rail yard. The property includes a basement storage room and a fire-escape balcony.
This lot is for buyers able to proceed with cash or who can arrange non-standard financing: the lease has approximately 10 years unexpired, which will make mortgage lending difficult without an agreed lease extension. The flat requires a full program of refurbishment; glazing has been updated post‑2002 and the EPC is rated C, but walls are likely uninsulated and the heating is mains-gas boiler and radiators.
For an investor or experienced lease‑extension purchaser this is a value‑play in a very affluent area near top schools and Regent's Park. Expect additional costs and time to serve a Section 42 notice if you wish to extend the lease to 90+ years. Also note a higher local crime indicator; factor in repair, security and local management costs. The property will be sold at public auction on 16 October 2025 — check the legal pack carefully before bidding.