Compact two-bedroom flat — cash buyers or investors only due to short lease.
Two-bedroom first-floor flat with communal grounds and private garden
Circa 529 sq ft — compact, functional layout with sizeable lounge
48 years left on lease — mortgage lenders likely to refuse standard lending
Electric storage heating; double glazing installed pre-2002
Dated interior; requires cosmetic refurbishment to maximise value
Fast broadband and excellent mobile signal; good local primary schools
Area described as very deprived with above-average crime rates
Cash buyers or investors recommended due to lease and lending risk
A compact two-bedroom first-floor flat in Gurney Close offering straightforward, low-maintenance living or rental potential. The property sits in a brick mid-terrace block with communal grounds and a private garden, close to transport links and local amenities in Barking.
The interior is functional: a generous lounge, compact kitchen and bathroom, two bedrooms and double glazing. Heating is via electric storage heaters and the flat shows dated finishes throughout — attractive for a buyer willing to refurbish to add value. Broadband speeds and mobile signal are good, and local schools include several rated Good.
Important practical limits affect this sale: the lease has approximately 48 years remaining and mortgage lenders are likely to refuse standard loans — the property is essentially for cash buyers or investors prepared to manage lease-extension costs. The area is very deprived with above-average crime rates, so buyers should weigh location risks against the low purchase price and potential upside from refurbishment.
This is a straightforward entry-level purchase for a cash investor or a buyer seeking a project close to Barking transport links. Expect to budget for interior updating, and investigate lease-extension options and associated costs before committing.