Gloucester Terrace W2

£250,000 (Sold)

  • Bedrooms: 1
  • Bathrooms: 1
  • Reception Rooms: 1
  • Tenure: Leasehold
  • Lease Expiry: 24032022
  • Ground Rent: £60
  • Service Charge: £2,500
  • Local Authority: The City of Westminster
  • Council Tax Band: B
  • Energy Performance: D

Internal Area (approx.): 26 sqm / 283 sq ft

Did you sell up and join the race for space? Are you now getting tired of the commute or hotel rooms, this Pied a Terre could be the perfect solution and investment.

A wonderful opportunity for either a first time buyer, rental investor or someone looking for a Pied a Terre close to Paddington Station to acquire a studio apartment situated on the second floor (with lift) of a white stucco fronted period conversion in the heart of Lancaster Gate.

The property comprises of the main living and bedroom area, separate kitchen and a bathroom with a shower. The apartment benefits from high ceilings, sash windows and a lift.

Gloucester Terrace is a popular residential street in the heart of Lancaster Gate, W2. Located 0.2 miles away from the famous open green spaces and boating lakes of Hyde Park, and around 1 mile away from the world renowned Oxford Street and its various shops, restaurants bars and amenities. The nearest tube station is Lancaster Gate (central line) which is 0.2 miles away and Paddington Station is a short walk away.

The flat has 44 years remaining on the lease and the freeholder has written to the current owner with an indicative figure of £75,000 to extend the lease by an additional 90 years, subject to contract, taking it to 134 years.

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