Summary - 38 Minster Drive B10 0LD
2 bed 1 bath Flat
Affordable cash-buy investment with parking and refurbishment potential.
Top-floor two-bedroom apartment, approx. 568 sq ft
A compact top-floor two-bedroom apartment offering straightforward rental or refurbishment potential in B10. The property totals about 568 sq ft with a lounge, kitchen, family bathroom and two double bedrooms, plus allocated off-street parking and a locked communal bike/storage room. Electric storage heating and double glazing are fitted; a downstairs storage room adds useful space.
Important practical points: the lease has approximately 79 years remaining — this may prevent some mortgage lenders from lending and will affect resale value without a lease extension. The building has cavity walls assumed to lack insulation and the flat uses electric heating, so further investment will likely be needed to improve energy efficiency and running costs.
Service charge and ground rent are notable ongoing costs: average service charge around £1,500pa and ground rent about £100pa. The area has fast broadband and excellent mobile signal, but local socioeconomic indicators show high deprivation and above-average crime rates; buyers should weigh these local factors against price and rental prospects.
For investors, the low asking price creates potential for a competitive yield after refurbishment or as a cash purchase. For first-time buyers able to arrange financing despite the lease length, the flat offers an affordable entry into the market with easy transport links and multiple nearby schools and amenities.
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