Summary - 49 GREENWAY CLOSE LONDON N11 3NS
1 bed 1 bath Flat
Cheap buy for cash investors or renovators close to Piccadilly Line transport links.
- Lease approx. 59 years remaining; lenders likely to refuse mortgages
- Sold by online auction; cash or specialist finance probable
- Requires full modernisation throughout
- Vacant possession with allocated off-street parking
- Electric storage heating; higher running costs
- EPC band E; cavity walls likely uninsulated
- Slow broadband speeds in the area
- Cheap council tax band; low flood risk
This vacant second-floor one-bedroom flat in Muswell Hill is offered for sale by online auction with an eight-week completion window. The property requires full modernisation, currently has electric storage heating and double glazing of unknown age, and presents a clear short-term refurbishment project for a cash buyer or experienced investor.
The lease has approximately 59 years remaining from 1985. That short remaining term is a material issue: many mortgage lenders will refuse to lend on this property, so purchase will likely need to be cash or specialist finance. Buyers should also allow for the auction buyer’s fee and check the legal pack for any additional completion fees.
Positives include vacant possession, allocated off-street parking, low flood risk and a cheap council tax band. The flat is close to New Southgate and Arnos Grove stations (Piccadilly Line) and local shopping, making it suitable for commuter rental or a renovation-for-resale scheme once the lease position is addressed.
Practical considerations: broadband speeds are reported slow, heating is electric storage (higher running costs), and the building’s cavity walls are assumed uninsulated. The EPC is band E. Interested buyers should review the lease, EPC, and auction documentation and factor refurbishment, potential lease-extension costs, and lender requirements into their offer.
1 bedroom ground floor flat for sale in Poplar Grove, London, N11 — £210,000 • 1 bed • 1 bath • 332 ft²
1 bedroom flat for sale in Lucas Gardens, London, N2 — £200,000 • 1 bed • 1 bath • 320 ft²
1 bedroom flat for sale in Alexander Close, BARNET, Hertfordshire, EN4 — £180,000 • 1 bed • 1 bath • 571 ft²
1 bedroom flat for sale in Flat 2 Spring Apartments, 40 Nightingale Lane, Hornsey, London, N8 7QU, N8 — £230,000 • 1 bed • 1 bath • 387 ft²
3 bedroom flat for sale in Flat 3 Erskine House, Homesfield, Hampstead Garden Suburb, London, NW11 6HN, NW11 — £330,000 • 3 bed • 1 bath
2 bedroom flat for sale in Stafford Close, LONDON, London, N14 — £375,000 • 2 bed • 2 bath • 729 ft²
