Summary - 1b Ringslade Road N22 7TE
1 bed 1 bath Apartment
Compact buy-to-let close to Wood Green station and local amenities.
Chain-free with new 125-year lease and peppercorn ground rent
A compact, ground-floor one-bedroom apartment offered chain-free with a new 125-year lease and peppercorn ground rent. The open-plan living area and modern fitted kitchen make efficient use of the 368 sq.ft footprint; double glazing was installed post-2002 and the flat is currently let at £1,400 pcm.
This property suits a buy-to-let investor seeking immediate rental income and a central location. It sits 0.2 miles from Wood Green Underground Station with fast broadband and excellent mobile signal, providing good tenant appeal in an inner-city, cosmopolitan area.
Buyers should note this sale is by the Modern Method of Auction: completion is required within 56 days, a non-refundable Reservation Fee of 4.5% (minimum £6,600) is payable, and the buyer must be cash-ready. The flat has electric room heaters and solid brick walls (likely uninsulated), so heating and insulation upgrades may be needed to reduce running costs.
Overall this is a well-presented investment opportunity with immediate rental income and a long lease, balanced by the auction terms and potential improvement costs for heating and insulation.
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