Summary - 55 FERN DRIVE HEMEL HEMPSTEAD HP3 9EU
1 bed 1 bath Flat
Bright central flat with garage and strong rental potential.
Top-floor one-bedroom flat with private balcony
Light-filled top-floor one-bedroom flat with private balcony and a rare garage in a nearby block. The large entrance hall and two built-in cupboards provide useful storage, and the lounge and bedroom both feel generous for the size. At 519 sq ft this is a practical, comfortable home within easy walking distance of Hemel Hempstead town centre and local good-rated schools.
Buyers should note the lease has 47 years remaining. That short remaining term may limit mortgage options and will need early attention; properties with similar leases are frequently priced to reflect this. Service charges are approximately £1,680 per year and the property uses electric room heaters rather than a central gas system.
The building dates from the late 1960s/early 1970s and has double glazing installed before 2002; cavity walls are assumed uninsulated, so further energy improvements could reduce running costs. Council tax is low, mobile signal and broadband speeds are good, and the location in a pleasant, green suburb offers quiet surroundings while keeping the town centre within walking distance.
This flat will suit a cash buyer, an investor comfortable with lease management, or a first-time buyer prepared to address the short lease (either by negotiating a lease extension or accepting the investment risk). The garage and balcony add useful practical value, but buyers should obtain mortgage advice and factor in potential costs for lease extension and energy upgrades.
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