Compact city flat with large private garden and good transport links.
Chain free one-bedroom ground-floor flat, approx. 500 sq ft
Private rear garden substantially larger than internal footprint
110 years remaining on lease (started 2010 from 125 years)
Service charge £3,153.83 pa; communal central heating included
Ground rent £100 pa; review/doubling every 25 years
Section 20 issued for fire-proofing works; cost currently TBC
Property requires some modernization; exterior and garden need upkeep
No lift; raised ground-floor entrance and on-street permit parking
Light, manageable and chain-free, this one-bedroom ground-floor flat delivers compact living with a surprisingly large private rear garden. The reception and separate kitchen provide practical daily spaces, while the bedroom comfortably fits a double bed. At about 500 sq ft the layout suits a single buyer or couple and also works as a rental investment close to Myatt’s Field Park and transport links (Loughborough Junction, Denmark Hill, Brixton).
The building is a purpose-built late‑20th century terrace block with communal central heating and double glazing (installed before 2002). The lease has 110 years remaining; current annual costs include a service charge of £3,153.83 and a small ground rent of £100 (review/doubling mechanism every 25 years). A Section 20 notice has been issued for fire-proofing works (cost TBC) and roof repairs are planned (estimated £267.68).
Practical negatives are clear: the flat is compact and the interior will suit buyers who accept smaller rooms and some modernization. The estate appears dated externally and the garden and patio need gardening and general upkeep. Buyers should factor the service charge, upcoming planned works, and the ground rent review terms into affordability calculations.
For a buyer seeking an affordable entry into SE5, or an investor targeting steady rental demand in an established, well-connected area, this property offers a sensible balance of private outdoor space, transport access and low council tax — provided the communal costs and planned works are acceptable.