1 bed Flat For Sale £850,000
London NW3

A rare opportunity to acquire a large, bright and airy first floor one bedroom apartment forming part of a fine red brick building comprising four apartments.

Located within the sought after Belsize Conservation area on a prime Belsize Park road with wonderful green views to the rear towards mature gardens and far reaching views over the city to the front. The apartment offers an incoming buyer the opportunity to make it their own with modest investment. A secure terrace is demised to the flat accessed from a communal hall half landing down a short flight of stairs from the internal front door. Resident and visitor parking permits available.

Sinking Fund
This is a voluntary fund built up by annual contributions from each leaseholder, designed to cover the cost of refurbishment programmes, roughly on a 7 year timescale. The present balance is approximately £35,000.

Service Charge
The freehold company is managed by the four directors representing each leaseholder, so no management fees are involved.
The service charge therefore comprises only an amount to cover maintenance, insurance, accountant and the sinking fund contribution. Flat 18 pays a 22% contribution equating to c.£2,500 pa.

Balcony
A large secure terrace is demised to the flat enjoying direct views over the mature gardens and beautiful converted church in a tranquil Belsize Park/Hampstead setting.

Garden
The rear garden falls within the demise of 16A, which leaseholder is responsible for it’s maintenance. The front garden is a common part and thus a freeholder responsibility. It is maintained in an attractive state by a garden contractor, whose fees are covered by the service charge.

Energy Performance Certificate (EPC)
The property is in Band E and thus available for letting without further approval being needed from Camden Council (see EPC)