Chain-free first-floor flat with new lease, parking and fast city links..
One double bedroom, lounge-diner and open-plan kitchen
Small overall size: approximately 422 sq ft (compact layout)
New lease on completion but only about 64 years remaining
Chain-free sale with immediate occupation potential
Off-street parking and double-glazed windows included
Electric storage heating; mains electricity as primary fuel
Service charge approx. £1,750pa; ground rent approx. £80pa
Area: fast transport links but above-average crime and high deprivation
This one-bedroom, first-floor flat in Martin Close offers a compact, well-lit living space ideal for a first-time buyer or investor seeking immediate rental potential. The layout includes a lounge-diner with an open-plan kitchen, a double bedroom and a fitted shower room. Off-street parking and double-glazed windows are practical pluses for everyday living.
The property is sold chain-free with a new lease to be granted on completion, and benefits from fast transport links — Edmonton Green station provides approximately a 30-minute commute to Liverpool Street. Local amenities, several schools and leisure facilities are within easy reach, making the location convenient for commuters and small households.
Buyers should note material drawbacks: the remaining lease after completion is about 64 years, which can restrict mortgage availability and reduce resale value. Service charges are approximately £1,750 per year with a ground rent of about £80. Heating is by electric storage heaters and the area records above-average crime rates; the wider neighbourhood is classified as very deprived, which may concern some buyers.
Overall, the flat suits buyers prioritising proximity to transport and immediate occupation over long-term tenure security. Investors should check lender criteria for shorter leases; first-time buyers should get mortgage and leasehold advice before committing.