Summary - MATCHLESS HOUSE FLAT 3 ST JOHNS CHASE MARCH PE15 8UA
2 bed 1 bath Ground Flat
Affordable two-bedroom ground flat with parking — ideal for cash buyers or investors prepared to refurbish..
- Two double bedrooms on the ground floor, easy access
- Double glazing installed after 2002
- Off-street parking and small communal frontage
- No onward chain — faster sale possible
- Small footprint (approx. 506 sq ft), compact living
- Electric storage heaters; dated fittings need updating
- Lease 63 years remaining — lenders may refuse mortgages
- High local crime and area deprivation may affect demand
A compact ground-floor flat offering straightforward, affordable entry to the March market. The property has two double bedrooms, double glazing and off-street parking, and is sold with no onward chain — useful for a quick purchase or a buy-to-let acquisition. Its location is practical: walking distance to the town centre and train station.
The flat is small (approximately 506 sq ft) and presented in functional, dated condition. Heating is by electric storage heaters and fittings are basic; the interior would benefit from updating to improve comfort and rental or resale value. Service charge and ground rent are modest, and council tax is very low, which helps running costs.
A significant practical issue is the lease length (63 years remaining). This may limit mortgage options — some lenders refuse short leases — and prospective buyers should seek specialist mortgage and legal advice. The surrounding area shows higher-than-average crime and deprivation indices, which may affect long-term rental demand and capital growth.
For a buyer prepared to modernise, this flat represents a low-entry opportunity in a convenient town-centre location. First-time buyers able to purchase cash or with lease-extension plans, and investors aware of leasing/finance constraints, will find the property worth viewing.
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