Compact, long-lease apartment with gardens and easy commuting links.
Top-floor two-bedroom apartment with long lease (100 years) and chain-free sale|Approx 527 sq ft; compact layout suitable for couple or small family|Communal gardens and off-street parking; close to Colney Lakes and shops|Service charge £120 (below average); ground rent £150; affordable council tax|Electric storage heating and pre-2002 double glazing; may be expensive to run|Cavity walls likely uninsulated — scope for energy-efficiency improvements|Area records very high crime rates; consider security and insurance costs|Requires cosmetic updating and potential insulation/heating upgrades
This top-floor two-bedroom apartment in London Colney offers a long lease (100 years) and chain-free purchase, making it a straightforward option for first-time buyers or investors. The lounge/diner provides a bright, usable living space and the property sits within well-kept communal gardens with off-street parking and easy access to Colney Lakes, local shops and motorway links.
The flat is compact at about 527 sq ft and has traditional mid-20th century construction. Double glazing is in place (installed before 2002) but walls are likely uninsulated and heating is by electric storage heaters — practical but potentially costly to run. The apartment will suit someone seeking a convenient, low-maintenance base with scope to modernise rather than a turnkey show-home.
Practical details support a clear purchase decision: low service charge (£120) and a modest ground rent (£150), affordable council tax, and no flooding risk. However the area records very high crime rates, which is an important consideration for buyers and may affect insurance and resale. The flat’s compact rooms and older heating and insulation mean budget should be allowed for upgrades if lower running costs or improved comfort are priorities.
Nearby schools are well-regarded and local amenities include parks, bus links and nearby leisure at Colney Lakes — factors that suit a small family or a buyer seeking rental demand. Overall this is a pragmatic, value-driven opportunity for a purchaser wanting long-lease security and scope to add value through refurbishment.
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