£500 · None bed · ? bath ·
Flat · Auction House London, Hampstead
· 🚇 Forest Hill Station (0.53 mi)
· first seen 2026-07-29
· view on Rightmove ↗
Local comparables model (V2)
How the model reaches its estimate
Step
Value
Effect
× multiplier
London-wide baseline
model average
£8,111/sqm
Location
(nearby obs. £6,414/sqm
· 10 props
· 0.27 km)
this area
-51%
×0.49
Size
—
+88%
×1.88
Bedrooms
—
-12%
×0.88
Bathrooms
—
-7%
×0.93
Property type
Flat
+1%
×1.01
Tube/rail distance
0.53 mi
+1%
×1.01
= Predicted £/sqm
£6,702/sqm
range £3,813–£6,461
Area unknown — showing £/sqm only
Asking £500
Each multiplier is a SHAP value from the CatBoost model. The chain is exact:
baseline × location × property factors = predicted £/sqm.
Nearby observed rate shown as context only. Range = P10–P90 quantile models.
Listing history
tracked since 2026-07-24
Date
Price
2026-07-24
£500
2026-07-29
£500
2026-08-01
£500
Description
Guide Price = £500+
**For Sale By Online Auction To inspect the legal documents for this property go to our website to download the legal pack**
A Vacant Lower Ground Floor Basement Area
Tenure
Leasehold. The basement area is held on a 99 year lease from 1st February 2020 (thus approximately 93 years unexpired).
Location
The property is situated on a residential road close to local shops and amenities. The open spaces of Waterlink Way Park are within easy reach. Transport links are provided by Honor Oak Park overground station and rail station.
Description
The property comprises a lower ground floor basement area, accessed via a ground floor flat, situated within a mid terrace building arranging over ground and two upper floors. The basement currently has limited head height but there may be potential for excavation and development (subject to obtaining all necessary consents).
Accommodation
Access to the basement is via an internal staircase from the ground floor flat. A separate agreement between the buyer and the flat owner will be required, as there is no external access to the basement.
Note
The property has not been inspected by Auction House London. All information has been supplied by the vendor.
There are no internal viewings
£1,500 incl. VAT