Two-bedroom ground floor flat, vacant

London Colney, AL2 - Get Access

2 bed 1 bath

Description

The property comprises a ground floor two-bedroom flat situated within a purpose-built building arranged over ground and two upper floors. Accommodation includes a reception room, kitchen, two bedrooms, and a bathroom. The property is held on a 99-year lease from 2nd February 1979, leaving approximately 51 years unexpired. Located on a residential road close to local shops and amenities, with the open spaces of Broad Colney Lakes Nature Reserve within easy reach. Transport links are provided by How Wood rail station and the M25.

Comparable sales

No comparables available.

Estimated market value

Range: £ — £

Medium confidence Floor Area: 420 sq ft (EPC)

Valuing this two-bedroom ground floor flat in London Colney required establishing a baseline market figure for a standard long-lease property of 420 sq ft. Because no direct same-building sales data was provided, local market benchmarks were used to gauge typical per-square-foot values for purpose-built flats. A significant adjustment was then applied specifically to reflect the short unexpired lease term of approximately 51 years.

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