Summary - 32 PELLIPAR CLOSE LONDON N13 4AG
2 bed 1 bath Apartment
Spacious two-bedroom top-floor flat in Palmers Green — strong rental potential, lease requires attention.
Top-floor two double bedrooms and large sitting/dining room
Short walk to Palmers Green station and local shops
Communal gardens and allocated parking space
Double-glazed windows and gas central heating
Requires internal modernisation to reach full potential
Lease only 49 years — lenders likely to refuse mortgages
Service charge c. £1,600 per year; ground rent c. £200
Higher local crime rate noted in area statistics
A top-floor two-bedroom apartment in the heart of Palmers Green, offering clear rental potential and straightforward layout. The large sitting/dining room and two double bedrooms make it practical for tenants or owner-occupiers after light modernisation.
The flat benefits from double glazing, gas central heating, communal gardens and allocated parking. Its location is highly convenient — a short walk to Palmers Green station, local shops on Green Lanes and nearby parks, which supports steady tenant demand.
Important note: the lease has 49 years remaining. Many mortgage lenders may refuse to lend until the lease is extended, so this is most suitable for cash buyers or investors prepared to handle or fund a lease extension. Service charge is approximately £1,600 pa and ground rent around £200 pa.
Requires cosmetic updating and some modernisation to maximise value and rental income. Given current rents of £1,800 pcm, the flat presents an attractive buy-to-let opportunity for investors who can purchase without mortgage restrictions or who factor in the cost of extending the lease.
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