Compact, well-located unit ideal for buy-to-let or single occupant.
- Separate kitchen and flexible main living area (approx. 352 sq ft)
- Allocated off-street parking
- Chain free sale with 89 years remaining on lease
- High annual service charge £3,800 and ground rent £322
- Electric ceiling heating; likely higher running costs
- Kitchen dated; cosmetic updating recommended
- Fast broadband and excellent mobile signal
- Local area: above-average crime and higher deprivation
This compact studio flat in Croftongate Way offers a practical central-London entry point for investors or a single occupant. The apartment includes a separate kitchen, allocated off-street parking and good natural light across a flexible main living area of about 352 sq ft. Fast broadband and excellent mobile signal suit remote working or short-let demand, while nearby Brockley and Crofton Park stations provide quick city links.
The property is chain free with an 89-year lease remaining, making purchase straightforward, but it will need cosmetic updating to maximise rental or resale value. Heating is electric ceiling units and the kitchen dates from the 1980s–1990s, so expect refurbishment costs and higher running costs than gas-heated flats.
Buyers should note a relatively high annual service charge (£3,800) and ground rent (£322), and that the local area records above-average crime and higher deprivation indices. These factors should be considered when calculating yield or suitability for owner-occupation.
For investors, the flat’s size, separate kitchen and allocated parking are practical benefits for lettings; for a first-time buyer or single occupant, it offers a manageable, low-maintenance base close to parks, shops and transport.
All figures provided should be checked and confirmed prior to proceeding.
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