Summary - 32 PELLIPAR CLOSE LONDON N13 4AG
2 bed 1 bath Apartment
Chain-free buy-to-let near Palmers Green station and parks.
Top-floor two-bedroom flat with large sitting/dining room
This top-floor two-bedroom flat in the heart of Palmers Green offers clear investor potential thanks to its size, location and current rental income. The apartment is chain-free, sits a short walk from the station and High Street amenities, and benefits from a communal garden, allocated parking and double glazing.
The flat is presented in generally tidy decorative order but does need internal modernisation to maximise value. It currently lets for £1,800 PCM, making it attractive for a buy-to-let purchaser or someone willing to refurbish and re-sell. The layout is traditional with a large sitting/dining room, two double bedrooms, kitchen and bathroom, and useful built-in storage.
There is an important legal and finance constraint: only c.42 years remain on the lease. That low remaining term will make mortgage lending difficult or impossible for many buyers, so this property will primarily suit cash purchasers or investors prepared to extend the lease at additional cost. Service charge and ground rent are notable ongoing costs (£1,600 and c.£200 pa respectively).
Buyers should also note local context: the area is well connected and amenity-rich but records higher-than-average crime levels. For the right purchaser — an investor, cash buyer or hands-on refurbs specialist — this apartment offers immediate rental income and clear scope to add value through modernisation and lease extension.
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