Chain-free two-bed flat in LU4 — renovation opportunity with parking and good transport links.
Two double bedrooms in a compact 413 sq ft first-floor apartment
Generous dual-aspect lounge diner and separate fitted kitchen
Resident allocated off-street parking included
Chain free sale — quicker completion possible
Requires renovation and cosmetic updating throughout
Electric storage heating; double glazing installed after 2002
Leasehold: approx. 84 years remaining — consider mortgage impact
Service charge £1,800pa and ground rent £100pa (ongoing costs)
Guide price £140,000–£150,000. This chain-free first-floor apartment offers two double bedrooms and a dual-aspect lounge diner in a popular LU4 location. At about 413 sq ft, the home is compact but well laid out and includes a separate fitted kitchen and resident allocated parking.
The flat is offered as a renovation opportunity: it requires updating and modernisation, with electric storage heating and double glazing already in place. Service charge and ground rent are notable ongoing costs (approx. £1,800 and £100 per year respectively) and the lease has around 84 years remaining — important factors for mortgage and resale planning.
For a first-time buyer or investor the property presents clear value. It is chain free and well placed for local amenities, schools and transport links including straightforward road access to the A505/M1 and Leagrave rail services. An indicative rental range of £1,000–£1,100 pcm has been suggested, which aligns with an estimated yield around 6.5–7% before typical landlord costs.
Be realistic about renovation scope and running costs. The home suits someone wanting a manageable project to add value, or a landlord seeking an immediate let-ready location after cosmetic improvement.
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