Compact refurbishment project with strong transport links and long lease.
Bright top-floor reception with good natural light
A bright top-floor flat in Maida Vale with clear potential for someone happy to refurbish. The apartment measures 438 sq ft and sits on a long 124-year lease, making it a manageable purchase for a first-time buyer seeking space in a central location. The reception room receives good natural light and the living space has a neutral finish ready for updating.
Practical running costs are reasonable: current service charge £800 pa and a small ground rent of £50. Heating is mains gas via a boiler and radiators. The property is offered with vacant possession and is walking distance to Maida Vale and Warwick Avenue stations (Bakerloo Line), local shops, cafés and amenities.
Important drawbacks: the flat needs renovation throughout — the kitchen is dated 1970s style and will require modernization, and the overall accommodation is compact. The local area records higher crime levels and the neighbourhood shows signs of deprivation, which may concern some buyers. Council tax is in band F and described as expensive.
This is best suited to a buyer looking for a project in a convenient central spot: renovate to personal taste, add value, or rent out. The long lease and modest service charge are practical positives, but budget for refurbishment and factor local area issues into your decision.
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