8 INGLEWOOD ROAD WEST HAMPSTEAD, LONDON NW6 1QZ - TO BE SOLD AT AN ONLINE AUCTION BY ALLSOP - Rightmove
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8 INGLEWOOD ROAD
WEST HAMPSTEAD, LONDON NW6 1QZ
Residential Investment Opportunity with Further Development Potential
TO BE SOLD AT AN ONLINE AUCTION BY ALLSOP
ON 31ST MARCH 2021 UNLESS SOLD PRIOR
EXECUTIVE SUMMARY • Recently refurbished unbroken block comprising 5 apartments, situated in the heart of West Hampstead. • Located 0.3 of a mile from West Hampstead Station (Underground, Overground & National Rail Services). • Arranged as 1 x Studio, 3 x 1 bedroom and 1 x 2 bedroom apartments arranged over ground, first and second floors. • Total NIA – 1,955 sq ft. • Four flats being sold with the benefit of existing ASTs and one apartment being sold subject to a regulated tenancy. • Current income totals £80,748 per annum. • Fully Licensed as an HMO. • Benefits from a certificate of lawful use for arrangement as 5 x self-contained flats. • Freehold. • Planning permission due imminently for the conversion of the existing basement into a two bedroom apartment which will measure 73 sq m / 786 sq ft. Planning Ref: (2020/4360/P) – London Borough of Camden. • To be sold at an online auction by Allsop on 31st of March 2021 unless sold prior. • Proposal – Offers in excess of £1,750,000 (One Million, Seven Hundred and Fifty Thousand Pounds) subject to contract. 1
LOCATION West Hampstead falls within the London Borough of Camden and is five miles north west of central London. West Hampstead is well connected to many surrounding areas such as Childs Hill, Belsize Park, Hampstead, Swiss Cottage and Kilburn. The area is largely residential and is a popular choice amongst 8 INGLEWOOD ROAD commuters as the area offers easy access to several nearby stations and into the City. Furthermore, West End Lane in West Hampstead is well known for being home to several cafes, bakeries, restaurants, and bars. The area is served by three local stations: West Hampstead (Jubilee line), West Hampstead (Overground) and West Hampstead Railway (Thameslink) station. In addition to this, residents of West Hampstead also benefit from being only a short drive away from Finchley Road & Frognal station (Overground) and Finchley Road and Kilburn Underground stations which are both served by the Jubilee line. SITUATION Inglewood Road is positioned just off lively West End Lane which is within proximity of all three West Hampstead stations (Underground, Overground and Railway) as well as several eateries, a library and a farmer’s market. The property also benefits from being within a 4-minute walk from West End Green park located at the end of West End Lane. 2
3
CONNECTIVITY
The property is around a 5-minute walk from West Hampstead
Underground (Jubilee line) Overground and Railway
(Thameslink) stations. The Underground station provides Jubilee-
line services towards the City via Canary Wharf and towards
North London, whilst West Hampstead’s Overground station
provides services towards Clapham Junction and Stratford.
The Thameslink line serving West Hampstead Railway station
links to popular destinations such as Gatwick, St Albans and
Luton. Other nearby stations include Finchley Road and Kilburn
Underground stations, both also served by the Jubilee line.
DISTANCE FROM THE PROPERTY
TO NEARBY STATIONS:
West Hampstead Railway (Thameslink) – 0.2 miles (4-minute walk)
West Hampstead Underground – 0.3 miles (6-minute walk)
West Hampstead Overground – 0.3 miles (6-minute walk)
Finchley Road & Frognal Overground – 0.6 miles (11-minute walk)
Kilburn Underground – 0.8 miles (5-minute drive)
Finchley Road Underground – 0.9 miles (5-minute drive)
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DESCRIPTION EXISTING ACCOMMODATION & TENANCY SCHEDULE
A mid-terrace Victorian building located in Flat Floor Beds Area (Sq M) Area (Sq Ft) Start Date End Date Rent (PCM) Rent (PA)
the heart of West Hampstead. The building,
which has recently been refurbished Flat 1 Ground Studio 22.5 242 21/09/2020 20/09/2022 £1,280 £15,360
is currently arranged over three floors
(ground, first and second). There are
two apartments on the ground floor (1 x Flat 2* Ground 1-Bed 46.5 501 21/09//2020 20/09/2021 £1,590 £19,080
studio, 1 x 1 bed), one of which has access
to a private rear garden, two flats on the Flat 3 First 1-Bed 30.6 329 07/11/2016 n/a £678 £8,136
first floor (2 x 1 bed) and one additional
apartment on the second floor (2 bed). Flat 4 First 1-Bed 30.0 323 11/07/2020 10/07/2021 £1,400 £16,800
The building has had an HMO license in
place since September 2019 and also Flat 5 Second 2-Bed 52.0 560 05/04/2020 04/04/2021 £1,781 £21,372
benefits from a certificate of lawful use for
arrangement as 5 x self-contained flats. Total 181.6 1,955 £6,729 £80,748
The property is not a listed building, nor is
*Please note, Flat 2 will become vacant at the end of the March 2021 which will help implement the pending
it within a conservation area. planning permission.
PLANNING
A planning application has been submitted
to the local authority for the conversion
of an existing basement into a 2 bedroom
apartment which will measure 73 sq m/ 783
sq ft. We understand approval is expected
to be granted imminently.
Planning Ref: (2020/4360/P) –
London Borough of Camden.
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VAT EPC FLOOR PLANS
This property is not elected for VAT. EPCs are available on request. Floor Plans are available on request.
PLANNING
A planning application has been submitted to the local authority for the
conversion of an existing basement into a 2 bedroom apartment which will
measure 73 sq m/ 783 sq ft. We understand approval is expected to be granted
imminently. Planning Ref: (2020/4360/P) – London Borough of Camden.
PROPOSAL
Offers in excess of £1,750,000 (One Million, Seven Hundred and Fifty
Thousand Pounds) subject to contract. To be sold at an online auction by
Allsop on 31st of March 2021 unless sold prior.
CONTACT
For further information or to arrange a viewing, please contact us:
Matthew Sheldon Harry Marks
+44 (0)207 266 8523 +44 (0)20 7266 8529
+44 (0)7786 445 645 +44 (0)7590 461 123
m.sheldon@estate-office.com h.marks@estate-office.com
DISCLAIMER: The particulars are set out as a general outline only for the guidance of intended purchasers or lessees and do not constitute or constitute part of an offer or contract. All descriptions, dimensions, reference to condition and necessary permissions for use and other details are given without
responsibility and any intending purchasers or tenants should not rely on them as statements or representations of fact, but must themselves by inspection or otherwise as to the correctness of each of them. No person in the employment of Estate Office or their clients has authority to make or give
6 any representation or warranty whatsoever in relation to this property. March 2021.
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