2 bed flat for sale

Flat 3, 117 Westbourne Terrace, Paddington, London W2

Sold for £495,000. Guide Price = £450,000+

**For Sale By Public Auction 28th May 2025 09:30 am. To inspect the legal documents for this property go to our website to download the legal pack**

A Well Located Lower Ground Floor Two Bedroom Flat

Tenure
Leasehold. The property is held on a 140 year lease from 25th March 1967 (thus approximately 82 years unexpired).

Location
The property is situated on a residential road close to local shops and amenities. The open spaces of Westbourne Green Open Space are within easy reach. Transport links are provided by Paddington underground station (Circle line) and Kensington (Olympia) rail station.

Description
The property comprises a lower ground floor two bedroom flat situated within a Grade II Listed building arranging over lower ground, ground and four upper floors. The property requires a program of refurbishment.

Accommodation
Lower Ground Floor
Reception Room
Kitchen
Two Bedrooms
Two Bathrooms

Exterior
The property benefits from access to a communal rear patio garden.

Further Information
When purchasing a flat that has a short lease, it is important to understand that in addition to the purchase price, if you wish to extend the lease to 90+ years, you will need to pay a premium to the freeholder. This is done by way of serving a Section 42 notice to the freeholder requesting a lease extension with a suggested price for the extension. The freeholder has the right to refuse the offer and submit a counter notice with their suggested price. If you do not fully understand this process, please ask the auctioneers or a solicitor.

EPC Rating
D


Open House Viewings:
Viewing Schedule (No Booking Required)

Thursday 15 May 2025 12:15 pm - 12:45
Monday 19 May 2025 12:15 pm - 12:45
Wednesday 21 May 2025 12:15 pm - 12:45
Friday 23 May 2025 12:15 pm - 12:45
Saturday 24 May 2025 12:00 pm - 12:30
Tuesday 27 May 2025 12:15 pm - 12:45

Addendum
The property has access to a communal rear patio which is not private as first described.

Please note that this property is subject to a Buyers Premium of £1,560 inc VAT. This is in addition to the buyer's admin fee of £1,500 inc VAT charged by the auctioneers. Both fees are payable to the auctioneers.