Summary - 34 Russell Street NR2 4QT
2 bed 1 bath Flat
Affordable project flat near the city centre, ideal for first-time buyers or investors.
Chain free two-bedroom second-floor flat, 603 sq ft
Leasehold with approximately 100 years remaining
Service charge £840pa; communal heating included
Requires full modernisation of kitchen and bathroom
Located in a high-crime, very deprived NR2 neighbourhood
On-street permit parking; communal gardens; fast broadband
This second-floor, two-bedroom flat in NR2 is offered chain-free and ready for refurbishment. The building benefits from double glazing and communal gas heating, with heating costs included in a below-average annual service charge of £840. The layout includes an entrance hall, spacious lounge/diner, kitchen and bathroom — a practical canvas for a first home or rental unit.
The property requires modernisation throughout: the kitchen and bathroom are dated and general redecoration and updating will be needed. The lease has around 100 years remaining and the tenure is leasehold; ground rent and the stated service charge should be factored into running costs. On-street permit parking and communal gardens are useful extras, while fast broadband and excellent mobile signal suit working-from-home needs.
Buyers should note this sits in a very deprived, high-crime area and attracts hard-pressed flat-dweller demographics. Those factors affect long-term demand and rental yields; sensible purchasers will budget for security, repair work and active management. For someone seeking a low-entry purchase or a buy-to-let project, the flat’s price, size (603 sq ft) and chain-free status present clear appeal.
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