Low-entry investment close to station and stadium, needs lease attention.
Attractive entry price for SE25 at £145,000
508 sq ft ground-floor one-bedroom with built-in storage
Short lease: 52 years — lenders may refuse mortgages
High service charge ~£2,278 pa; ground rent £50 pa
Moments from Selhurst Park and Norwood Junction transport
Electric storage heating — potential higher running costs
Block shows external maintenance needs; likely future costs
Area records very high crime; local deprivation noted
Priced attractively at £145,000, this ground-floor one-bedroom flat offers straightforward rental or buy-to-let potential close to Norwood Junction and Selhurst Park Stadium. The interior presents a spacious reception room, semi-open-plan kitchen and a well-sized double bedroom with built-in storage — contemporary fixtures and wood flooring give the flat immediate tenant appeal.
Important lease and running-cost facts are unavoidable: the property is leasehold with only 52 years remaining. This short lease may prevent buyers from obtaining a mortgage and will reduce marketability without a lease extension. Service charge and ground rent are payable (approx. £2,278 pa service charge; £50 ground rent), and the block shows external maintenance needs that will likely affect future service charges.
The location is a genuine selling point for commuters and sports fans — fast broadband, excellent mobile signal and good bus/train links make it easy to let. However, the area records very high crime and is relatively deprived, so purchaser and tenant profiles should be considered carefully. Heating is by electric storage heaters, which can mean higher running costs than gas alternatives.
Overall, this flat suits a cash buyer or an investor prepared to manage lease-extension work and external repairs. It’s a low-entry purchase with clear immediate rental appeal, but significant legal and cost considerations that must be resolved before mortgage-backed purchase or long-term ownership.
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