Summary - FRANKLIN HOUSE, 3 FLAT 18 VELOCITY WAY ENFIELD EN3 7FG
1 bed 1 bath Flat
Compact modern flat with long lease and parking, ideal for first buyers or investors.
Chain free one-bedroom apartment with approx. 980 years lease
Compact living: approx. 428 sq ft, best for single/couple occupancy
Open-plan kitchen/living with laminated flooring and double glazing
Secured allocated off-street parking included
Video entryphone and gas central heating (boiler and radiators)
Service charge approx. £1,241 PA; ground rent approx. £381 PA
Very high local crime rates; area shows signs of deprivation
Within walking distance of Ponders End and Turkey Street stations
This chain-free one-bedroom apartment on Velocity Way offers straightforward, low-risk ownership with a very long lease (approx. 980 years) and secure allocated parking. The open-plan living space with laminated flooring and double glazing gives a modern, low-maintenance feel suited to first-time buyers or buy-to-let investors seeking easy management.
Situated on the second floor at the end of the block, the flat benefits from added privacy and quieter surroundings. Transport links are strong, with Ponders End rail and Turkey Street Overground within walking distance, making commutes and rental appeal practical. The building’s construction date (2003–2006) and an EPC rating of C indicate reasonable energy efficiency for the area.
Buyers should note some important local factors: recorded crime levels are very high and the wider area shows signs of deprivation, which will affect both lifestyle and lettings. Service charge is approximately £1,241 per year and ground rent about £381 per year; these are recurring costs to factor into affordability calculations. The apartment is compact (about 428 sq ft), so space is best suited to single occupancy, a couple, or tenants.
Overall this is a pragmatic purchase for someone prioritising a low-hassle, modern flat with long lease security and good transport links. It offers immediate occupation or straightforward rental potential but requires realistic expectations about local area challenges.
1 bedroom flat for sale in Faraday House, 1 Velocity Way, Enfield, EN3 — £215,000 • 1 bed • 1 bath • 417 ft²
1 bedroom flat for sale in Faraday House, Velocity Way, Enfield, EN3 — £225,000 • 1 bed • 1 bath • 431 ft²
1 bedroom flat for sale in Faraday House, Velocity Way, EN3 — £230,000 • 1 bed • 1 bath • 420 ft²
1 bedroom flat for sale in Cobbett Close, Enfield, EN3 — £200,000 • 1 bed • 1 bath • 424 ft²
1 bedroom flat for sale in Tysoe Avenue, Enfield, EN3 6DZ, EN3 — £200,000 • 1 bed • 1 bath • 429 ft²
1 bedroom flat for sale in Keats Close, Scotland Green Road, Enfield, Greater London, EN3 4SF, EN3 — £215,000 • 1 bed • 1 bath • 422 ft²
