Compact, long-lease flat with parking near New Southgate transport and shops.
Chain-free one-bedroom flat with 146-year lease
Chain-free, first-floor one-bedroom flat with a long lease (146 years) and immediate vacant possession — a straightforward purchase for a first-time buyer or buy-to-let investor. The apartment sits in a purpose-built block from the 1980s and presents in good condition with double glazing, gas central heating and a modern fitted kitchen. The reception room is around 15ft, and the layout is compact but practical for single occupancy or a couple.
Practical benefits include unallocated off-street parking and proximity to New Southgate station, Tesco Extra and Friern Barnet Retail Park, making day-to-day life and commuting convenient. Service charge is approximately £1,600 per year and ground rent is a peppercorn; council tax band C is relatively affordable. Broadband speeds are average and mobile signal is excellent.
Be upfront about the drawbacks: the flat is small (c. 431–441 sq ft) which limits storage and entertaining space, and parking is unallocated. The local area records above-average crime and higher deprivation indicators, which may affect resale or rental appeal. The building dates from the 1980s so buyers wanting a turnkey modern finish should inspect for any decoration or maintenance needs despite the described good condition.
Overall this is an accessible, low-complexity purchase with long lease security and clear rental potential. It’s best suited to a buyer prioritising affordability, transport links and a straightforward chain-free sale, rather than those seeking large living spaces or a premium neighbourhood setting.
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