4 bedroom Block of Apartments in London

2 Well Road, Camden, London NW3 1LJ
  • Lot No: 1
  • Property Type: Block of Apartments
  • Contract Type: Unconditional with Variable Fee

Guide Price* £850,000 - £1,000,000 plus fees

Result Sold at Auction £1,810,000

Property Description

A potential investment/redevelopment opportunity in the heart of Hampstead. The accommodation is laid out over four floors and currently comprises two flats. Both flats have two bedrooms, kitchen, living room/s and a bathroom. The whole building is in need of complete refurbishment and could eventually make a stunning family home in this most sought after part of London. The property is being sold by auction with an assured tenancy and requires section 11 and 12 improvement notices to be completed. The lower flat has the assured tenancy with a gentleman who, we have been advised, is in his 80s, he is paying £700 per calendar month in rent but is not currently believed to be residing in the property. The upper flat is unoccupied. Hampstead has become a property hotspot over the years with Well Road being one of the most desirable. The property is ideally located for access to the Northern Line Tube and mainline services at Finchley Road, as well as the many shops, restaurants and boutiques of Hampstead Village. This is truly a unique opportunity as it has never been sold before and is still owned by the family whose ancestor built the home in the late 19th Century. Builder William Selley moved from Devon in to London in the 1860s and started to build houses in the area including homes in Christchurch Hill, Well Walk and Willow Road. He built up a portfolio of 39 homes and this is the last one to be sold.

Outside:

The rear garden is accessed via the lower ground floor and is fully enclosed. To the front there is also a small basement courtyard with access door and steps to pavement level.


Tenure

Freehold

Auction Details: The sale of this property will take place on the stated date by way of Auction Event and is being sold as Unconditional with Variable Fee (England and Wales). Binding contracts of sale will be exchanged at the point of sale. All sales are subject to SDL Property Auctions’ Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law. Auction Deposit and Fees: The following deposits and non- refundable auctioneer’s fees apply:
  • 5% deposit (subject to a minimum of £5,000)
  • Buyer’s Fee of 4.8% of the purchase price for properties sold for up to £250,000, or 3.6% of the purchase price for properties sold for over £250,000 (in all cases, subject to a minimum of £6,000 inc. VAT). For worked examples please refer to the Auction Conduct Guide.
The Buyer’s Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property. There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding. Additional Information: For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions’ home page. This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties). Guide Price & Reserve Price Each property sold is subject to a Reserve Price. The Reserve Price will be within + or – 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.

Auction Details

Date 27th April 2023

Venue National Property Auction
The National Property Auction will be broadcast live on our website and open to remote bidding online, on the phone and by proxy. Registration for bidding will close at 5pm the day before the auction.

Lot Information

Contact Us

If you have any questions, call our team on 0800 046 5454

Map

2 Well Road, Camden, London NW3 1LJ