A refurbishment opportunity in a sought-after North London location, offering clear potential for investors, cash purchasers and owner-occupiers seeking a home they can improve to their own specification.
This compact one-bedroom ground-floor apartment benefits from its own entrance and an unusually large, private enclosed rear garden. The accommodation requires modernisation throughout, providing scope to enhance both its presentation and longer-term value. Due to the size of the apartment, the property is considered suitable for cash buyers.
Highgate Underground station is close by, providing Northern line connections into central London, while Highgate Village, local shops, cafés and everyday amenities are all within convenient reach. The area’s strong transport links and established rental demand add to the property’s investment appeal.
Once refurbished, the apartment is estimated to achieve approximately £1,750 per calendar month, equivalent to £21,000 per annum before costs. The combination of location, private outdoor space and improvement potential makes this an interesting proposition for a landlord, developer or buyer looking to create a distinctive London home.
Auction
To be sold by online auction (conditional) on Thursday 27th August 2026 with an 8 WEEK EXCHANGE DEADLINE, bidding will open at 10.00.
Registration
All bidders/potential buyers are required to register ahead of the auction date to be able to bid/buy, please visit our website to setup an online auction account.
Tenure
Leasehold with vacant possession.
Lease
999 years from 24 June 1972 - 944 years remaining.
Ground rent and service charge
Please see Legal Pack for further details.
EPC rating
To be confirmed.
Council tax band
C - Haringey
Reservation Deposit
The buyer is required to sign a Reservation Agreement and make payment of a non-refundable Reservation Deposit of 2.4% of the sale price, subject to a minimum of £6,000 to the Auctioneer in return for the grant of the Exclusivity Period. The Reservation Deposit forms part of the purchase price for the property.
Exclusivity Period
Exclusivity Period means the period of 56 days from the date the Reservation Deposit is received by the Auctioneer, during which the Buyer and Seller will endeavour to exchange Contracts for the Transaction. Full details and a sample copy of the Reservation Agreement and Terms and Conditions are available in the Legal Pack.
Additional fees
A buyers charge of £1,650 including VAT is payable on each lot that you buy, in addition to the sale price. Please be aware there may be other additional fees, including disbursements contained in the Sale Memorandum payable on completion. Please ensure that you check the Legal Pack for each lot that you are interested in, prior to bidding.
Legal Pack
For each lot there is a draft Sale Memorandum and other documentation provided by the vendor's solicitors. If you wish to receive the Legal Pack, you will be able to register for this via the link on our website. You will receive notification by email once the Legal Pack is received from the solicitor. The documents may not tell you everything you need to know about the property and you are required to complete your own due diligence before bidding.
Pre-auction offers
These must be made in writing and will only be considered if the Legal Pack has been inspected and proof of funding has been supplied to the auctioneers. Pre-auction offers are on the basis of the Reservation Agreement and Terms and Conditions.
Mortgage finance
We advise all bidders who require a mortgage to confirm with their Financial Advisor as to whether or not the lot you are interested in would be suitable security to borrow finance against, prior to bidding. If you need to arrange a mortgage it is important that you obtain an offer from your lender before the day of the auction. Most building societies and banks will instruct a surveyor to prepare a valuation report before making a mortgage offer.
* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every 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.
By setting a proxy bid, the system will automatically bid on your behalf to maintain your position as the highest bidder, up to your proxy bid amount. If you are outbid, you will be notified via email so you can opt to increase your bid if you so choose.
If two of more users place identical bids, the bid that was placed first takes precedence, and this includes proxy bids.
Another bidder placed an automatic proxy bid greater or equal to the bid you have just placed. You will need to bid again to stand a chance of winning.
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