Studio for sale

Lawn Road, Belsize Park NW3

Now available at 100% ownership.

The Isokon Building was designed by architect Wells Coates and built between 1933 and 1934 as an experiment in communal living. The property was sympathetically refurbished in 2003 by Avanti Architects, who specialise in the refurbishment of Modernist buildings on behalf of the freeholders, The Notting Hill Genesis Housing Association. The block has been granted Grade I listed status placing it amongst the most architecturally significant historical buildings in the UK and lists Agatha Christie amongst its former residents.

The flat is approached via a communal garden and is accessed by its own private entrance and provides a 17'3" studio room overlooking communal gardens and the Belsize Wood Nature Reserve, an en-suite dressing room/bathroom, and a well-designed separate fitted kitchen. The Isokon building is located along Lawn Road being just a short walk from Belsize Park Underground Station (Northern Line Zone 2), the excellent shopping facilities of both South End Green and Haverstock Hill, and the open spaces of Hampstead Heath.

Following a recent agreement between the freeholder, Notting Hill Genesis, and Camden Council, the previous 80% cap on equity has been removed. Buyers can now purchase the full 100% in a single transaction (through "back-to-back staircasing": You buy an 80% share off the current owner and the remaining 20% off the freeholder at the same time, completing as an outright owner from day one). This now means no rent on an unowned share, and none of the usual shared ownership restrictions on who can buy, or whether the flat can be let. For the first time, this rare home in the Grade I listed Isokon building is open to investors and buy-to-let landlords as well as owner-occupiers, with access to standard mortgage products.

Lease: Approx 167 years
Service Charge: Approx. £108.13 pcm
Ground Rent: £0
Council Tax Band: B