Property Auctions London, Property Auctioneers London, London Property Auctions, Property Auctions London

Lot 8

Freehold Vacant 5 Bed House with Planning for 3 Flats
6 Week Completion

Situation

Located close to the junction with Algernon Road with nearby local shopping facilities in Vivian Avenue and Edgware Road (A5) as well as more extensive retail facilities at Brent Cross.
Hendon Station (Thameslink) is only approx. 150 yards away and Hendon Central Underground Station (Northern Line) lies approx. ½ mile distant.
Hendon is a popular and sought after north-west London suburb being approx. 7 miles from central London and benefitting from easy access to the M1 (Junction 2) and the A406 North Circular Road.

Property

A semi-detached 5 Bed House on the ground, first and second floors together with a Rear Garden.

The property includes separate side access to the Rear Garden and there is potential to create up to 3 off street parking spaces at the front of the property, subject to obtaining the necessary consents.

The entire house is currently uninhabitable and has been stripped of all fixtures and fittings pending commencement of conversion works into 3 Flats (see ‘Planning' section). Therefore, the property is in need of a full refurbishment programme.

Accommodation

(As per original layout)
Ground Floor
2 Reception Rooms, Kitchen,
Shower Room & Hall
GIA Approx. 670 sq ft
First Floor
3 Bedrooms, Bathroom,
sep. WC & Hall
GIA Approx. 670 sq ft
Second Floor
2 Bedrooms & Hall
GIA Approx. 210 sq ft plus Loft

Total GIA Approx. 1,550 sq ft plus Loft

VAT is NOT applicable to this Lot

FREEHOLD offered with VACANT POSSESSION

Planning

Planning Permission was granted on 9th April 2018 (now lapsed) by the London Borough of Barnet for ‘Conversion of existing house into 3no. self-contained flats including a single storey rear extension, side dormer window and 1no front rooflight. Associated cycle store, amenity space and refuse/recycling store.

Click here to view the Planning Documents

According to the floor plans, this scheme will provide for:
• Ground Floor: 2 Bed Flat (Approx. 710 sq ft)
• First Floor: 2 Bed Flat (Approx. 656 sq ft)
• Second Floor: 1 Bed Flat (Approx. 484 sq ft)

Note 1: We understand the adjoining property (No. 48) has been converted into 5 Flats:
• 4 x 2 Beds
• 1 x 3 Bed

No. 46 may also be suitable for a similar scheme by extending at the rear, to the side and into the loft, subject to obtaining the necessary consents.

Note 2: The adjoining semi-detached 5 bed house (No. 48) sold in April 2022 for £900,000 which was prior to the conversion into 5 Flats (Source: HM Land Registry).

VIRTUAL TOUR
Click here to view the virtual tour of the ground floor of the property

*Please note:

RESERVE

The 'Reserve' is the minimum figure for which a property can be sold as agreed between the Seller and the Auctioneer. The 'Reserve' is not disclosed and remains confidential between the Seller and the Auctioneer.

GUIDE

Where a 'Guide' is stated, it is an indication of the Seller's current minimum acceptable price ('Reserve') at auction. A 'Guide' is published to assist prospective buyers in deciding whether or not to pursue a purchase.

A 'Guide' does not represent an anticipated sale price or a valuation and the eventual sale price may be higher or lower. The sale price is determined at auction and as such cannot be predicted in advance.

The 'Guide' can be published as follows:

a. 'Reserve below' which means the 'Reserve' will be below the shown amount.
b. A single price figure where the 'Reserve' is not to exceed it.
c. A single price figure with a + symbol where the 'Reserve' is not to exceed that figure by more than 10%.
d. A minimum and maximum price range where the 'Reserve' is to be within that range.

The Seller's expectation as to the sale price may change during the marketing period as a result of interest received from prospective Buyers. Therefore, the Seller may increase or decrease the 'Reserve' at any time up to just before bidding commences. If the 'Reserve' becomes fixed at a level that makes the 'Guide' misleading, the Auctioneers will subsequently issue a revised 'Guide' as soon as is practicable. Accordingly, prospective bidders should monitor the 'Guide' with the Auctioneers prior to the Auction taking place via this website.

In addition to the purchase price the Successful Buyer or Successful Bidder will be liable to pay Barnett Ross Ltd a non-refundable administration fee of £1,500 including VAT or as specified on the Particulars of Sale and there may also be additional non-optional fixed or variable fees and costs. To establish the full cost of purchasing a property please inspect the special conditions of sale and all other documentation in the legal pack. Please also refer to any addendum that may be displayed on this page.

46 Station Road, Hendon, London NW4 3SX