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Hanover Gate Mansions, Park Road, Marylebone, NW1 4SN

  • Asking Price £700,000
Sold STC

Overview

  • 2
  • Bedrooms
  • 1
  • Bathroom
  • 731
  • sqft
  • 4
  • Floor Level
  • Flat/Apartment
  • Property Type
  • CWE230421
  • Property Reference

Description

Refurbishment Opportunity! | Excellent Value | Ex-LongTerm Rental Apartment | Two Double Bedrooms | Fourth Floor | Share of Freehold | Opposite Regents Park | 731 Sq Ft | Lift | Chain Free | Day Porter

This generously proportioned 731 Sq Ft two-bedroom apartment, situated on the fourth floor of an impressive building with lift access, presents a prime opportunity for modernisation. Having been tenanted for an extended period, the apartment is now in need of renovation.

Comprising a spacious reception room, kitchen, two well-sized bedrooms, and a bathroom, the property offers ample potential for transformation.

Once refurbished, the apartment could achieve £825/£850 per week, giving a potential rental yield of circa 6%.

Positioned on Park Road, Hanover Mansions boasts a convenient location with easy access to a diverse array of shops, bars, and restaurants in both St John’s Wood and along Baker Street. Additionally, the lush expanses of Regent’s Park, along with its myriad of amenities, is just moments away, creating a splendid natural retreat. The esteemed Lords Cricket Ground is also within close proximity.

Superb transport links encompass St John’s Wood Underground Station (Jubilee Line) and Baker Street Underground Station (Bakerloo, Circle, Hammersmith and City, Jubilee, and Metropolitan lines), ensuring seamless connectivity to various parts of the city.

Share of freehold:
Ground Rent £0
Service Charge: £4,032pa 2023
Local Authority: Westminster
Council Tax Band: F

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Description:

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Key Information

  • Ref: CWE230421
  • Type: Flat/Apartment
  • Availability: Sold STC
  • Bedrooms: 2
  • Bathrooms: 1
  • Reception Rooms: 1
  • Council Tax Band: F
  • Tenure: Share of Freehold
  • Leasehold Remaining: 981 years
  • Service Charge: £4,031.52

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Steven Herd
  • Steven Herd