Efficient one-room home with balcony and morning sun, ideal first purchase.
Large studio layout with full-width balcony and large floor-to-ceiling glazing
171 years remaining on the lease — substantial long-term security
Chain free sale, ready for a quick transaction
Built-in storage and foldaway bed maximise usable living area
Kitchen and bathroom largely original; likely require future updating
Service charge high at £4,209 per year — factor into running costs
Community electricity heating and system-built walls may raise energy bills
430 sq ft total; small overall size but large for a studio
This second-floor, open-plan apartment offers efficient city living with a full-width balcony and strong natural light from east-facing glazing. Built-in storage, timber floors and a foldaway wall bed maximise the 430 sq ft layout, making the flat comfortable for single occupation or an investment let.
Practical positives include a very long lease (171 years), chain-free sale and easy access to Barbican, Moorgate and Farringdon stations. The location places Waitrose and dozens of Clerkenwell bars and restaurants within easy walking distance, supporting convenience and rental demand.
Buyers should note the kitchen and bathroom remain largely original — functional but dated — and may suit gradual upgrading rather than a full refit. The service charge is above average at £4,209 per year and heating is via a community electricity scheme; walls are system-built with assumed limited insulation, which can affect running costs.
Overall this is a well-presented studio with private outdoor space, long lease security and strong transport links. It suits a first-time purchaser seeking a compact, low-maintenance city base or an investor targeting reliable central London rental demand, provided the service charge and basic retrofit needs are factored into costs.
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