Summary - 24 LUCAS GARDENS LONDON N2 8HJ
1 bed 1 bath Flat
Compact, well-located pied-à-terre near East Finchley tube for savvy buyers.
Chain-free one-bedroom first-floor flat, circa 320 sq ft
Long lease: approximately 116 years remaining
Sold at Modern Auction; undisclosed reserve price
Non-refundable reservation fee 4.5% (min £6,600) plus buyer fees
Electric storage heaters — potentially higher running costs
Off-street parking and communal gardens included
Convenient for East Finchley (Northern Line) and local amenities
Small overall size; recommended pre-auction survey and finance readiness
Set on a quiet turning in East Finchley, this bright one-bedroom first-floor flat delivers compact, well-presented living ideal for a first-time buyer or investor seeking a London pied-à-terre. The reception room, separate modern kitchen and a double bedroom with built-in storage make efficient use of the 320 sq ft footprint. The development benefits from double glazing, communal gardens and off-street parking.
Practical details suit buyers who want a straightforward move: chain-free sale, a long lease (approx. 116 years remaining) and low council tax. The location offers quick access to East Finchley (Northern Line), local shops, cafés and strong broadband — useful for commuters and renters. The area is very affluent with low crime and excellent mobile signal.
Important auction and cost information: the property is offered via Modern Auction with an undisclosed reserve price. Bidders must sign a reservation agreement and pay a non-refundable Reservation Fee (4.5% of the purchase price including VAT, minimum £6,600), plus other auction-related fees (up to £349) and possible leasehold documentation costs. These fees are payable in addition to the purchase price and affect stamp duty calculations.
Practical drawbacks to note: the flat is small (320 sq ft) and heated by electric storage heaters, which can mean higher running costs than gas heating. Prospective buyers should review the Buyer Information Pack and carry out their own surveys; the auction timetable requires completion within 56 days, so mortgage approval and due diligence must be arranged in advance.
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