Compact apartment near Potters Bar station with parking and communal gardens.
Ground-floor studio with separate kitchen and bathroom
A compact ground-floor studio offering simple, steady rental income in a purpose-built block close to Potters Bar station. The flat is currently let at £900 pcm, making it immediately income-generating for an investor or a buyer seeking a starter home with rental potential. Off-street resident parking and well-kept communal lawns add practical appeal.
Practical details: the flat is small (approximately 312 sq ft) with a separate kitchen and bathroom, electric storage heating, and two built-in cupboards including the hot water cylinder. The lease has 91 years remaining and the current service charge is £1,593 pa; ground rent is a peppercorn.
Notable drawbacks are factual: the property uses electric storage heaters (higher running costs than gas), broadband speeds are slow, and the studio’s size limits resale to similar buyers. The lease length is under 100 years, which can affect mortgage availability and value for some buyers — factor the cost of any potential lease extension into your purchase calculations.
This flat suits investors seeking a managed, low-complexity rental near good schools and commuter links, or a first-time buyer who prioritises location and low maintenance over living space. Buyers should carry out their own checks on services, appliances and communal arrangements before committing.