Description
Flat 2, 33 Spencer Road, Acton, London W3 6DW is an excellent example of an Acton flat share freehold opportunity in West London. In fact, properties like this are rare for those searching specifically for an Acton flat share freehold arrangement. Guide price: £260,000 Method of sale: available now under an unconditional auction contract Tenure: leasehold, about 146 years remaining, with a 50% share of the freehold Accommodation: one-bedroom raised ground floor flat, about 460 sq ft (42.7 sq m) Income: let at £1,890 a month (£22,680 a year) – about 8.7% gross Outgoings: no service charge and no ground rent EPC: D | Council tax: Band CIntroduction
A high-yielding buy-to-let in a popular part of West London. Flat 2, 33 Spencer Road is a one-bedroom raised ground floor flat in a handsome Victorian terraced house, let at £1,890 a month and sold together with a 50% share of the freehold. With no service charge and no ground rent, almost all of the rent goes straight to the investor – a gross yield of about 8.7% at the guide price. Notably, Acton flat share freehold buyers will appreciate the security and income potential on offer. The flat is not in our current auction catalogue. It is available now and will be sold under an unconditional auction contract, giving buyer and seller certainty from the moment terms are agreed. Overall, this property stands out among Acton flat share freehold homes for its location and yield.Key Features
- One-bedroom raised ground floor flat in a Victorian house
- Let at £1,890 a month (£22,680 a year) – about 8.7% gross
- Sold with a 50% share of the freehold
- No service charge and no ground rent
- Long lease – about 146 years remaining
- Bay-fronted living room with period marble fireplace
- Acton Central Overground about 0.2 miles
- Elizabeth line at Acton Main Line about 0.5 miles
The Property
33 Spencer Road is an attractive Victorian terraced house, divided into flats. Flat 2 is on the raised ground floor and extends to about 460 sq ft (42.7 sq m).Accommodation
- Living room: 5.09 × 3.85 m (16'8" × 12'8"), with a bay window to the front and a marble fireplace
- Bedroom: 3.58 × 3.12 m (11'9" × 10'3"), a double bedroom with a sash window
- Kitchen: 2.68 × 1.94 m (8'10" × 6'4"), with white units, electric hob and oven
- Bathroom: tiled bathroom with bath, shower screen, WC and basin
Tenure and Outgoings
The flat is held on a long lease with about 146 years remaining and is sold together with a 50% share of the freehold of the building. As a result, there is no service charge and no ground rent to pay. Full details are in the legal pack. Therefore, this is an ideal Acton flat share freehold for buyers wanting manageable costs and long-term value.The Income
The flat is let on an assured shorthold tenancy at £1,890 a month (£22,680 a year). At the guide price of £260,000 this reflects a gross yield of about 8.7% – a strong return for West London, helped by the absence of a service charge or ground rent. The property is sold subject to the tenancy, and the tenancy agreement is in the legal pack.Location
Spencer Road is a residential street in Acton, West London, close to Acton Park and the shops, cafés and restaurants of Churchfield Road and Acton High Street. The arrival of the Elizabeth line has transformed journey times from Acton into central London and Canary Wharf, supporting strong demand from tenants.Transport
- Acton Central (London Overground) – about 0.2 miles
- Acton Main Line (Elizabeth line) – about 0.5 miles, for Paddington, Bond Street, Canary Wharf and Heathrow
- Acton Town (District and Piccadilly lines) nearby
- West Acton and North Acton (Central line) nearby
Schools and Amenities
- Acton Park and Acton Market
- Shops, cafés and restaurants on Churchfield Road and Acton High Street
- Schools nearby include St Vincent's Catholic Primary School, Ellen Wilkinson School for Girls and Twyford CofE High School
Method of Sale
The flat is available now under an unconditional auction contract, on the Palace Auctions terms and conditions. When terms are agreed, contracts are exchanged immediately and a 10% deposit is paid, with completion on the date set out in the Special Conditions of Sale. All buyers must complete our anti-money laundering checks before an offer can be accepted.Buyer's Costs
| Item | Amount | When payable |
|---|---|---|
| Deposit | 10% of the purchase price | On exchange |
| Buyer's premium | 2% of the purchase price (minimum £2,000) plus VAT | On exchange |
| Contract documents charge | £850 plus VAT | On exchange |
| Stamp Duty Land Tax and your own legal costs | As applicable | On completion |
