Long lease, garage and station access — ideal first buy or investment.
938-year lease — long-term security
This first-floor two-bedroom flat in Southgate House is a practical, long-lease opportunity for first-time buyers or investors. With 938 years remaining on the lease and offered chain free, the property provides long-term security and straightforward ownership. A garage en-bloc adds useful storage or parking.
The flat offers a spacious lounge, fitted kitchen and two double bedrooms. It sits within walking distance of Cheshunt BR station and local shops, with easy access to the A10 and M25 — good for commuting or rental demand. The vendor indicates potential rent in the region of £1,550pcm.
Buyers should note the building and flat are dated and will benefit from modernisation to realise full value. Heating is by electric room heaters and the walls are cavity with assumed no added insulation, which may lead to higher running costs. Service charge is approximately £1,414 per year and the local area records above-average crime and greater deprivation compared with national averages.
Overall this is a pragmatic purchase: a long lease and convenient location underpin both an affordable first home and a lettable investment, but expect some refurbishment and running-cost improvements to maximise comfort and returns.
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