Compact auction flat ideal for cash buyers or hands-on investors near Blackhorse Road.
Second-floor studio, 333 sq ft, compact layout
Offered at auction with a guide price of £170,000, this compact second-floor flat occupies 333 sq ft in a modern red-brick block close to Lloyd Park and Blackhorse Road transport links. The studio layout and shared garden suit investors seeking a low-maintenance building with reliable broadband and an EPC C rating. Fast connections (Victoria line and overground nearby) and local amenities make the location attractive for lettings.
The flat is sold with approximately 63 years remaining on the lease — a material concern. Many mortgage lenders will refuse to lend until the lease is extended; buyers should budget separately for a lease extension premium and legal costs. The property is being sold at public auction and is subject to a buyers’ premium and admin fee payable to the auctioneers.
Internally the accommodation is basic: a small studio room, compact dated kitchen and a bathroom. There is no central heating system (electric heaters assumed), and the kitchen requires modernisation. These factors reduce immediate rental or owner-occupier appeal but also lower the purchase price and create scope for a value-led refurbishment if purchased with cash or bridging finance.
This result-focused opportunity suits cash buyers or experienced investors familiar with auction purchases and lease-extension processes. Inspect the legal pack before bidding to understand the freeholder position, fees, and the likely cost to reach a mortgageable lease length.
