1 bed apartment to buy in W9

46 Fernhead Road, London, W9 3ES

Brochure

Bedrooms: x 1

Bathrooms: x 1

Receptions: x 1

Tenure: Leasehold

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Starting bid£270,000

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Key Information

Council tax: Band C
EPC rating: D
Heating supply: Community Scheme
Electricity: National Grid
Mobile signal: Good
Parking: On Street

Property features

Being Sold via Secure Sale online bidding. Terms and Conditions apply.
Second Floor Apartment
Sold with tenants in situ
Currently under let at £1250 pcm
Circa 83 year lease
One bedroom
Westminster Council Freeholder
Great location
Close to shops and transport
Immediate ‘exchange of contracts’ available

1 bed apartment to buy in W9

This well-presented one-bedroom apartment is located on the second floor of Drakeland House, a purpose-built block in the heart of Maida Vale, W9. Offered chain free and sold via secured sale online auction, the property presents a superb investment opportunity with a tenant currently in situ on a rolling contract, paying £1,250 per calendar month. Based on current market conditions, the apartment is expected to achieve a rental income in the region of £1,750 to £1,850 per calendar month if re-let.

Internally, the property offers a spacious and well-balanced layout. There is a bright living room, a separate kitchen/diner, a generously sized double bedroom, and a modern bathroom. A standout feature is the private balcony, accessed via the living room, which provides a pleasant outdoor space rarely found in similar properties. The flat benefits from natural light throughout and a practical, flowing floor plan that makes the most of the internal space.

The lease has approximately 83 years remaining, and the property falls under the City of Westminster council. Drakeland House is conveniently positioned close to an excellent range of local amenities. The cafés and restaurants of Elgin Avenue and Lauderdale Parade are within easy reach, as are the green open spaces of Paddington Recreation Ground and the peaceful walks along Regent's Canal and Little Venice.

Transport links are excellent, with Westbourne Park and Royal Oak stations (Circle and Hammersmith & City lines) both nearby, offering easy access to Paddington, King's Cross and the City. Maida Vale station (Bakerloo line) is also within walking distance, providing direct routes into the West End and Oxford Circus.

Located in W9 this is a well-connected and desirable area for both professionals and investors, making this apartment a strong contender for those seeking long-term value in a prime London postcode.

Length of Lease: 83
Annual Service Charge Amount: £145.00
Service Charge Review Period: monthly- includes heating on a communal boiler

Open map Street view

This property is being sold subject to unconditional reservation fee auction terms and conditions.

Timescales

Contracts will exchange immediately. There are 28 days in which to complete the purchase.

Legal Pack

A legal pack is available to download. Special conditions may apply.

We strongly recommend buyers familiarise themselves with the legal pack prior to bidding.

Deposit

In order to secure the purchase a buyer will pay a deposit of 5% which contributes towards the overall purchase price of the property.

The deposit is non-refundable.

Buyer Fees

This property is sold subject to a non-refundable reservation fee of 3.75% + VAT to a minimum of £6,000 + VAT (£7,200 inc VAT) This does not form part of the purchase price.

A reservation fee is payable by the buyer where a seller has opted to sell with no fees. As a result, a lower reserve price is usually agreed on lots where a reservation fee is applicable.

More Information

For more information call our auction experts on 0191 206 9335 or email auctions@pattinson.co.uk

ONLINE AUCTION NOTICE

I hereby acknowledge and confirm the following:

My bid may be accepted by the seller at any time before the close of the auction. It is subject to the terms and conditions of the auction which I have read and understood. I have read and understood the legal pack applicable to my bid/lot and agree to be bound by any special conditions within that pack.

If my bid is successful (whether as the highest bid or upon acceptance by the seller in the course of the auction) I shall be bound by the lot terms and conditions as advertised online.

Any amount payable at the close of the auction must be paid within 1 hour.

Please note that the bidding process will work in a different way to an eBay auction, so there is NO advantage to bidding at the last second.

Each auction will automatically stay open until there has not been a bid within the final 10 minutes. If no bid has been submitted within the final 10 minutes of the auction, the auction will close and the highest bidder will be successful subject to the reserve price being met or upon acceptance of an offer by the seller throughout the auction cycle. If there is another bid within 10 minutes of the last bid, the auction countdown timer will be restarted for another 10 minutes to allow further bidding. This system avoids last-minute (or second) bidding and makes for a fairer auction as in a live-room auction situation.

Please bid in good time before the end of the auction, delaying your bid to the last seconds may disadvantage you if your connection slows or you lose internet connectivity.

The auctioneer is not responsible for any tech issues, power outage or error messages which hampers or eliminates an individual's opportunity to bid.

It is the bidder's responsibility to ensure the bid has been lodged with the auctioneer. It is therefore beneficial to bid on your chosen lot at your earliest opportunity.

The auctioneer accepts no responsibility for bids that are not received or are received late and reserves the right to reject any bid without notice.

Minimum online bidding increments:
£50,000 - £250 minimum bid
£50,001 to £150,000 - £500 minimum bid
£150,001 to £250,000 - £1,000 minimum bid
£250,001 to £750,000 - £2,500 minimum bid
£750,001 to £1.5 Million - £5,000 minimum bid
£1.5 Million Plus - £10,000 minimum bid

Please note this bidding process applies specifically to online auctions.

More Information is available:

For more information call our auction experts on 0191 206 9335 or email auctions@pattinson.co.uk

Please log in to view and download the legal pack files.

Heating supply: Community Scheme
Electricity supply: National Grid
Water supply: Direct mains water
Sewerage supply: Standard UK domestic
Air conditioning: No
Mobile signal: Good

Construction

Year built: 1960
Construction materials: Brick and block
Roofing types: Asphalt shingles

Building Safety

Property at particular risk of floods and/or erosion: No
Has flooded in last five years: No
Has flood defences: No
Has planning permission or proposals for development that will affect property: No
Is on a coalfield or mining area: No

Rights and Restrictions

Is listed building: No
Is conservation area: No
Has public right of way: No
Has accessibility adaptations: No
Has restrictions: No
Has required access (easements, servitude or wayleaves): Yes

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