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One-bedroom first floor flat, subject to tenancy

South Norwood, SE25 - Get Access

1 bed 1 bath

Description

The property comprises a first floor one-bedroom flat situated within a mixed-use parade arranged over ground and two upper floors. Located on a residential road close to local shops and amenities, the property benefits from easy access to the open spaces of South Norwood Country Park. Transport links are provided by Norwood Junction overground station and rail station. Accommodation comprises a reception room, kitchen, bedroom, and bathroom. The property is held on a leasehold basis on a 99-year lease from 24th June 1986, leaving approximately 58 years unexpired. The property is currently subject to a periodic tenancy producing £15,600 per annum, with a rent of £1,300 per calendar month. Current EPC rating is C.
Comparable sales
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Estimated market value
£
Range: £ — £
High confidence Floor Area Estimated: 475 sq ft

This first-floor flat in a 1980s mixed-use parade was valued by examining direct transaction records from the exact building and immediate neighbouring parade. The property presents in fair, clean condition with dated fixtures, and its floor area of 475 sq ft is evaluated against local one-bedroom flat sales.

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