2 bed flat for sale

28A The Market Place, Falloden Way, Hampstead Garden Suburb, London NW11

Guide Price = £40,000-£60,000

**For Sale By Public Auction 7th October 2026 09:30 am. To inspect the legal documents for this property go to our website to download the legal pack**

A Well Located Short Leasehold Interest in a First Floor Two Bedroom Flat which is Underlet on a Sub Lease that has Three Years Unexpired with no Right to Extend. A Lease Extension has been Formally Agreed at £263,000.

Tenure
Leasehold. The property is held on a 99 year lease from 26th June 1931 (thus approximately 3 years unexpired). A lease extension premium has been agreed and engrossed at £263,000. The rights of which will passed to the incoming buyer.

Location
The property is situated on a mixed use road in the highly sought after area of Hampstead Garden Suburb close to local shops and amenities. The open spaces of Lyttelton Playing Field are within easy reach. Transport links are provided by East Finchley underground station (Northern line).

Description
The property comprises a first floor two bedroom flat situated within a mid terrace building arranged over ground and three upper floors.

Accommodation
First Floor
Reception Room
Kitchen
Two Bedrooms
Bathroom

Exterior
The property benefits from a private balcony

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