Summary - Flat 3, 16, Selby Street E1 5BX
Chain-free one-bedroom apartment, approx. 496 sq ft, first floor
Long lease: 106 years remaining — mortgageable term
Requires renovation and modernisation throughout
Heating: electric room heaters (may increase running costs)
Very high local crime levels — consider security measures
Area described as very deprived; affects resale and rental outlook
Good transport links, fast broadband and excellent mobile signal
Ground rent £300 pa; council tax stated as affordable
This one-bedroom first-floor apartment on Selby Street offers a practical London entry point with 496 sq ft of living space and a long lease (over 100 years). The flat is chain-free and set in a modern mid-2000s block with a balcony-lined façade, bright living room and separate kitchen — a straightforward canvas for someone wanting to personalise their home or add value.
The accommodation will particularly suit first-time buyers and buy-to-let investors who value location and potential over turnkey finish. The property requires renovation and modernisation, which creates scope to improve layout, fixtures and heating — currently electric room heaters — and to increase rental or resale value after refurbishment. Council tax is described as affordable and there is no flood risk.
Be candid about the local context: the postcode sits in an inner-city, very deprived area with very high recorded crime levels. That affects both lifestyle and likely investor yields; factor in potential safety, security and management costs. Ground rent is £300 pa and the tenure is leasehold, 106 years remaining — long enough for mortgage lenders and most buyers, but check any lease terms before committing.
Transport, broadband and mobile signal are strong, and local amenities are plentiful (shops, cafés, gyms and good primary/secondary schools nearby), making everyday life convenient. For a buyer prepared to invest time and budget into upgrading, this flat offers an affordable central-London foothold with clear potential to create a comfortable home or rental unit.
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