Lot 73

75 Welbeck Road, Barnet, EN4 8RY

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  4. Lot 73 - 75 Welbeck Road, Barnet, EN4 8RY
£250,000
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Lot 73
75 Welbeck Road, Barnet, EN4 8RY
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Legal documents

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Legal documents

You are advised to download and read the legal documentation prior to bidding.

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Leasehold Maisonette Vacant Possession

In Same Ownership for
Approximately 39 Years

Local Authority

London Borough of Barnet

Description

Situated off Cranbrook Road, close to local shopping/travelling facilities available in East Barnet Village including Oakleigh Park Train Station. Oak Hill Park is also nearby.

A Self-Contained First Floor Maisonette requiring modernisation with accommodation comprising:

• Entrance Hall
• Living Room
• Kitchen
• Bedroom (One)
• Bedroom (Two)
• Bathroom/WC

Shared Garden at Rear

Leasehold for a term of 99 years from 25th December 1969 (thus having approximately 43 years unexpired) at a ground rent of £10 per annum.

Note: LEASEHOLD AND REFORM ACT 2024

Our client has kindly asked us to make any potential bidder aware of the article below recently announced from the Houses of Parliament, (Published 21 May 2025). Although the new reform hasn't been fully approved yet, there are strong indications that it will be passed in the near future, we as an Auction CANNOT confirm nor would we accept any liability if this wasn't to be enacted.

The pacific section of the new reform act that could potentially affect this particular property, is the cost of extending the lease, and in particular any leases with less than 80 years left on them. The proposal is to remove the 'marriage cost' of the lease extension, thus making it considerably cheaper to extend the lease. There is also a section where the proposal is to extend a lease for 999 years.

In January this year part of the new act was implemented into law and that means you no longer have to wait two years before you could transfer the lease from one owner to the other. This can now be done immediately, therefore giving a strong indication that other parts of the act will also come into effect.

https://commonslibrary.parliament.uk/leasehold-reform-in-england-and-wales/

Tenancy

Vacant Possession

EPC Rating

D

Available at price

£250,000

Council Tax Band

C

Lease Start Date

25/12/1969

Lease Duration

99 years (43 years unexpired)

Important Information

Each successful bidder will be required to pay the Auctioneers McHugh & Co., a non-refundable buyer's fee of £1,200 inclusive of VAT. Lots sold for less than £10,000 the buyer’s fee will be £300 inclusive of VAT. 
The seller may charge additional fees payable upon completion. If applicable, such fees are detailed within the special conditions of sale. Buyers are deemed to bid in full knowledge of this.
Each lot is sold in its actual condition and state of repair and the buyer shall be deemed to have surveyed and inspected the lot prior to the auction. For the avoidance of doubt, purchasers shall raise no objection or recourse to McHugh & Co as to the structure or condition of a property and its state of repair. McHugh & Co give no warranty or guarantee as to the structure, condition or issues of a property. This is in reference to (a) the state of the structure of any property or the working condition of any fixtures, fittings, heating systems, appliances or other items included in the sale of any property and (b) the type of the structure or whether such structure is adequate or property constructed. For purchasers requiring funding by mortgage or other means, they are advised to organise this in advance of the auction and shall raise no objection or recourse to McHugh & Co over whether a property is suitable for their lenders criteria.
The successful bidder is under a Binding contract as soon as the Auctioneer's electronic gavel falls on his/her Bid. Upon a successful bid, the bidder’s card will be automatically debited for the bidder security amount, which is considered as a whole or contribution towards the deposit. The bidder security amount is non-refundable upon a successful bid. The bidder/purchaser will be required to pay the balance for the 10% deposit of the purchase price subject to a minimum deposit of £5,000 whichever is greater and buyers fee within 24 hours of the auction date. The completion date is set usually within 20 working days of the auction date. The timeframe for completion on individual lots may vary, please read the special conditions of sale within the legal documentation.
Guides prices are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide. Guide prices will be continually updated on our website up until the day of the auction.
Each purchaser shall be deemed to have read the legal documents or provided the legal documents to their legal representatives for advice on the lot they are intending on purchasing which has been made available on our website. The purchaser shall be deemed to have raised any enquiries with the vendors solicitors that a prudent purchaser would make. The purchaser is deemed to have read the special conditions of sale associated with the sale of the lot and bid in full knowledge of this and the legal documents prior to bidding.