2 bed flat for sale

Penywern Road, London SW5

Delightful Home; Unique Development Opportunity.

Currently a delightfully renovated top floor 2-bedroom apartment, this is much more than meets the eye at first glance.

Boasting a 366 sq ft terrace with Freeholder’s consent (subject to premium being agreed) and historic Planning permission in place to extend on, a buyer will be permitted to build a separate, self-contained studio/one bed, to make sure your mother-in-law has her own pad when she comes to stay or you have a home office away from home (by a few steps). This could also be sold off separately under a new lease or rented out to provide a healthy yielding income. One could also buy the communal stairs leading up to the top floor and incorporate this new internal space into the main flat.

On top of this new extension, one can build a new terrace off the existing property, to make sure you keep some much coveted outside space.

Added to this, the Freeholder has also given consent to extend into the loft of the current flat and either use as storage or for the more creative buyer, create a mezzanine sleeping area. At the very least you will create a real wow factor reception with jaw dropping vaulted ceilings which would be flooded with light from every angle (see example photos on this link). The Freeholder would need this leaseholder in turn to take responsibility and ownership of the roof structure away from the Freehold.

Quietly located on this one-way white stucco street, the property is just a right turn and a 50 metre walk from Earls Court Underground and a left turn and a skip to all the fun of Old Brompton Road.

Plans for extensions available on request and can be explained in depth in person. Please call us for a discussion and viewing.

• Tenure: Leasehold - 178 years
• Ground Rent: £200
• Service Charge: £2,500 per annum
• EPC Rating: C
• Council Tax Band: E
• Local Authority: Royal Borough of Kensington & Chelsea
• Total Sq Ft: 1,010 sq ft inc terrace

Lease details, service charges, ground rent (where applicable) and council tax are given as a guide only and should be checked and confirmed by your Solicitor prior to exchange of contracts.

TLC Estate Agents are a NAEA & RICS registered agent with Client Money Protection and Members of The Property Ombudsman.

All development opportunities described are subject to the terms of the lease, formal freeholder consent where required, agreement of any applicable premium, planning permission, Building Regulations approval and any other necessary statutory or legal consents. Purchasers should satisfy themselves through their own solicitor and professional advisers as to the feasibility of any proposed works.