Beverley Drive, Edgware

Full Description

A well-positioned two-bedroom, one-bathroom first floor flat located just moments from Queensbury Station, offering superb access to transport links, local shops and amenities. This property presents an exciting opportunity for buyers looking to modernise and add value in a highly convenient and increasingly popular location.

The flat is in need of full modernisation throughout, making it ideal for investors, developers, or owner-occupiers keen to create a bespoke home tailored to their own specification. With strong rental demand in the area and excellent connectivity, the upside here is clear.

Service charge is approximately £1,675 per 6 months, with a ground rent of £75 per 6 months.

The property benefits from a lease term of 125 years from 25 June 1979, leaving approximately 78 years unexpired. A voluntary lease extension is available, which would typically extend the lease back up to a new 125-year term, effectively adding around 47 years to the current remaining term. Under current legislation, the ground rent would convert to a peppercorn (£0.00) upon extension.

Please note, in order to progress a lease extension, a valuation by an external surveyor is required to determine the premium payable. The freeholder’s surveyor fee is £850 + VAT, payable by the lessee, and the resulting report is used to determine the terms of any offer, which would typically remain open for acceptance for two months.

Available to the market with offers considered, reflecting the scope to modernise and add value.

Features

• 2 Bedrooms
• 1 Bathroom
• In need of modernisation
• Great investment opportunity
• Walking distance to Queensbury Station
• 78 Year Lease

Contact Us

Londinium Residential
T: 020 8050 8810
E: info@ldn-r.com