Summary - NEWLANDS COURT FLAT 1 STREATHAM COMMON NORTH LONDON SW16 3HH
2 bed 1 bath Flat
Auction sale with strong refurbishment upside close to Streatham Common and transport links.
Vacant third-floor two-bedroom flat, approx. 727 sq ft
Guide price from £30,000; sale by public auction
Only eight years remaining on lease; lenders likely to refuse
Short lease will require costly extension or enfranchisement
Requires full modernisation; dated interiors and potential damp
Solid brick walls, likely no insulation; EPC rating D
Mains gas boiler and radiators; double glazing (unknown age)
Location near Streatham Common; good transport and fast broadband
This vacant third-floor two-bedroom flat is offered for sale by public auction with a guide price from £30,000. The apartment sits in an Art Deco block a short walk from Streatham Common and local transport links, providing clear refurbishment and rental potential for experienced buyers or cash investors.
The property is sold with approximately eight years remaining on the lease. That short term is a material issue: many mortgage lenders will refuse to lend, and a lease extension or enfranchisement will be costly and legally involved. Buyers should budget for a significant premium if they wish to extend the lease to market-standard lengths.
The interior requires modernisation throughout: dated finishes, potential damp in places, and original solid-brick walls likely without insulation. Heating is mains gas with boiler and radiators; glazing is double glazed though fitment date is unknown. The EPC rating is D. The flat benefits from a decent layout (two bedrooms plus reception and office) and a 727 sq ft footprint, offering scope to add value through refurbishment.
This is a clear proposition for cash buyers, experienced buy-to-let investors prepared to manage lease extension costs, or developers comfortable with auction purchases. Note local area factors: above-average crime and higher deprivation metrics, balanced by excellent mobile signal, fast broadband and good local schools and transport links.
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