2 bed maisonette for sale

75 Welbeck Road, Barnet EN4

Lot 73 **for sale by online auction** on 1st July 2025

In Same Ownership for
Approximately 39 Years

Leasehold Maisonette Vacant Possession

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.


Tenancy
Vacant Possession

EPC Rating
D


Council Tax Band
C


*Guides 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.

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The seller may charge additional fees payable upon completion. If applicable, such fees are detailed within the special conditions of sale available in the legal documentation. Buyers are deemed to bid in full knowledge of this.