1 bed flat for sale

De Vere Gardens, Kensington W8

A superb and spacious lower ground floor flat of 1038 sq. Ft (96.43 sq. M) benefitting from an impeccable Kensington location which features a 26ft reception room with high ceilings, a modern kitchen/breakfast room and a very generous sized double bedroom. The apartment would make a wonderful London pied-a-terre and could, with the necessary consents, be converted to a 2-bedroom flat. Please note that the residents of this building have recently acquired the freehold and so the property will be sold with a share of the freehold (refer agent's note).

Accommodation comprises:

Reception room; Large double bedroom; Kitchen with dining area; Bathroom with separate shower cubicle; Lift; Caretaker.

Tenure: Share of freehold

Agent's note:

The residents of the building have recently acquired the freehold and as part of this process, they will shortly be issuing themselves with a new 999 year lease. The property will therefore be sold with a share of the freehold and a new 999 year lease stc.

It should also be noted that the recently acquired freehold included an apartment in the building (currently subject to a protected tenancy) - the apartment (with the tenant in situ) has been independently valued at circa £750k stc. To this end a premium of £45k has been proposed by our client, in consideration of their share of ownership of the apartment (1/13th).

Service charge:£1143.71 payable quarterly

Reserve fund: £608.07 payable quarterly (as of August 2024 the reserve funds totals circa £251k)

Council tax: £1,606 per year (Band E)

Local authority: The Royal Borough of Kensington and Chelsea

Price: Guide price £1,075,000 subject to contract