Ridge Close, Hendon, London, NW4

CASH BUYERS ONLY! TWO BEDROOM BUNGALOW WITH ONE BEDROOM ANNEX - BEING SOLD VIA SECURE SALE ONLINE BIDDING. TERMS & CONDITIONS APPLY. STARTING BID £475,000
This charming detached residence offers the perfect opportunity for its new family or developer to create their ideal home. With excellent redevelopment potential, this property is not only a comfortable family residence but also a lucrative prospect for cash buyers and builders.
The main bungalow features a bright and airy modern kitchen, a cosy dining room, a comfortable living room, and two well-proportioned bedrooms, complemented by a contemporary shower room. Externally, the property boasts a delightful garden and a separate annex, perfect for extended family or guests. The annex mirrors the warm, homely atmosphere of the main property, offering a living room, dining area, kitchenette, double bedroom, and bathroom.

Key highlights include:

Redevelopment potential: This property offers significant scope for expansion (STPP). There’s ample space at the rear, as the bungalow next door extends 10-12 feet further, eliminating any right-to-light issues.
Expansion possibilities: If the front and rear of the bungalow were squared off, an additional 180 square feet of usable downstairs area could be created, making room for a natural internal staircase. This would allow the roof to cover the full footprint of the ground floor, providing space for two en suite bedrooms.
Peaceful Cul-de-Sac Location: The home benefits from convenient off-street parking in a quiet cul de sac, while still being within close proximity to Hendon’s vibrant amenities and excellent transport links.
An internal viewing is highly recommended to fully appreciate the potential this property offers, whether as a family home or a redevelopment project.
This property will be legally prepared enabling any interested buyer to secure the property immediately once their bid/offer has been accepted. Ultimately a transparent process which provides speed, security and certainty for all parties.
In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price of the property. The deposit will be a contribution to the purchase price. A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum of 6,000 inc VAT) is also required to be paid upon agreement of sale. The Reservation Fee of 4.5% inc VAT in addition to the agreed purchase price and consideration should be made by the purchaser in relation to any Stamp Duty Land Tax liability associated with overall purchase costs. Both the Marketing Agent and The Auctioneer may believe necessary or beneficial to the customer to pass their details to third party service suppliers, from which a referral fee may be obtained. There is no requirement or indeed obligation to use these recommended suppliers or services.