Summary - FLAT 4, OAKTREE COURT, 2A, MEADWAY EN5 5LF
2 bed 1 bath Maisonette
Chain-free two-bed maisonette in Barnet — cash buyers only, refurbishment and lease work required.
17ft reception room; separate kitchen and loft storage
Short 32-year lease — mortgage lenders likely to refuse
Cash buyers only; chain-free sale
Needs full refurbishment throughout
Overgrown front garden; scope for landscaping
Double glazing and Worcester boiler present
Council tax band C; EPC rating D
Ground rent low (£10) but service charge TBC
Set close to High Barnet (Northern Line), this two-bedroom first-floor maisonette is offered chain-free but requires a full refurbishment. The flat has a large 17ft reception room, separate kitchen, loft storage and retains practical features such as double glazing and a Worcester boiler. An overgrown front garden adds privacy and scope for landscaping.
The most significant constraint is the short 32-year lease; many mortgage lenders will refuse to lend, so purchase is suitable for cash buyers only. Ground rent and service charge details are unclear; buyers should confirm all costs and speak to a lease specialist about extension feasibility and costs before committing.
For an investor or experienced DIY buyer this property presents clear upside: post-refurbishment rental income or resale potential given strong local demand, good schools nearby and fast transport links. For someone seeking a mortgageable family home, the lease length and renovation requirement make this unsuitable without substantial lease extension work and renovation budget.
Buyers should factor in renovation costs, possible party-wall or building works tied to the semi-detached form, and the time and cost to extend the lease. The property is sold as seen, chain-free, and will suit a cash purchaser prepared to carry out improvement work.
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