Auction lot with parking and renovation potential near Enfield transport links.
Ground-floor one-bedroom flat with allocated off-street parking
Requires full renovation; dated kitchen and interior fittings
Lease approx. 65 years — lender refusal possible without extension
Sold at online auction; buyers’ premium and 28-day completion apply
Double glazing and entry-phone system already fitted
Slow broadband in area; mobile signal is excellent
Service charge £1,464pa and ground rent £442pa (confirm legal pack)
No flood risk; located near multiple good and outstanding schools
This vacant ground-floor one-bedroom apartment is offered for sale at online auction and will suit buyers who can act quickly. Positioned on a quiet residential turning near Bush Hill Park, it includes an allocated off-street parking space, double glazing and an entry phone system. Transport links to Enfield Town, Bush Hill Park, Edmonton Green and Winchmore Hill are within a mile, and local schools include several Ofsted-rated good or outstanding options.
The flat is in need of renovation throughout: the kitchen and fixtures are dated and the property requires updating before it will meet modern standards. Broadband speeds are slow in the area, although mobile signal is excellent. Service charge and ground rent are payable (listed amounts below) and additional costs may be detailed in the legal pack.
A key practical consideration is the remaining lease of approximately 65 years. This length can restrict mortgage options and many lenders may refuse to lend without lease extension, so buyers should review the legal pack and seek mortgage advice before bidding. The lot is sold unconditional at auction with a buyers’ premium and a 28-day completion requirement.
For investors or experienced renovation buyers this property offers near-term uplift potential due to its location, parking and transport access. For first-time buyers or those requiring mortgage finance, the short lease and renovation requirement are material drawbacks that must be resolved prior to purchase.
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