Top-floor two-bed with long lease and renovation potential near Penge stations.
- Two bedrooms, bright dual-aspect living room, 642 sq ft
- Share of freehold with 995-year lease and low ground rent
- Third-floor flat with lift access and entry phone
- Requires renovation; cosmetic and heating upgrades needed
- Electric storage heating only; heating upgrade advised
- EPC rating D; cavity walls assumed uninsulated
- On-site garage en-bloc and off-street parking (first-come)
- Area has above-average crime and local deprivation
Light-filled two-bedroom apartment on the third floor of a small purpose-built block, offered with a very long lease (995 years) and a share of freehold. The living room is bright with large windows and a dual aspect; the separate kitchen and practical layout suit first-time buyers or commuters. Lift access, entry phone and an en-bloc garage add everyday convenience, and the flat is minutes from Anerley and Penge West rail stations and local shops.
The property requires renovation and cosmetic updating throughout: replace or refresh finishes, and address the dated electric storage heating. Walls are cavity-built with assumed no added insulation, and the EPC is rated D. These are practical matters to budget for, but they also create scope to add value through targeted improvements (heating, insulation, kitchen and bathroom upgrades).
Practical positives include a very long lease, low ground rent, double glazing installed after 2002, off-street parking within the grounds (first-come, first-served) and an urban location close to parks, good schools and transport links. Notable negatives are the need for renovation works, electric-only heating, and the local area’s higher-than-average crime and relative deprivation — factors buyers should consider for resale or rental prospects.
Offered at a fixed price, this is a straightforward purchase for a buyer willing to carry out improvement works. It suits a first-time buyer or investor aiming to add value and benefit from proximity to rail links and local amenities.