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2 bedroom flat for sale

Park Road, New Barnet, BARNET, Hertfordshire, EN4 9QF

Sold by Us £400,000

Property Description

Key features

  • Buy 2 Let investment or for the owner/occupier
  • 2 bedroom apartment, private parking. New 125 Year Lease
  • Air conditioning, wooden flooring, private patio area
  • One surface car parking space set behind secure electronic gates.
  • Video phone entry system & double glazing throughout
  • Investors should expect to achieve a minimum Gross Initial Yield of 4.20%

Full description

This modern first floor apartment is offered for sale by way of a new 125 Year Leasehold Interest directly from the Freeholder at a peppercorn Ground Rent. Comprising two double bedrooms, lounge with open plan kitchen and two bathrooms (one en-suite). The apartment has double glazing, gas heating as well as air conditioning and also comes with its own secure ground floor surface car parking space behind electronic gates. There is a double garage on the site, that may be purchased as it is, or as one/two individual units should further parking/garaging be required, by separate negotiation, with details available from our office. Hallway with wood flooring, storage cupboard, radiator, Open plan Lounge/Kitchen. Kitchen Area with a range of wall and base units with work surfaces above, space for dish washer, washing machine, fridge freezer, single bowl sink with drainer, four ring hob with extractor fan above and oven & grill below, double glazed window to front, tiled floor, part tiled walls. One of the Bedrooms has a door leading to an En-Suite comprising double shower cubicle, vanity wash hand basin, low level WC, tiled walls and floor. Bedroom Two and a further three piece suite family bathroom comprising bath with shower over, low level WC, pedestal wash hand basin, heated towel rail, tiled floor and walls. This apartment is currently let at a calendar monthly rental of - £1350pcm - £16,200 per annum. This property is for sale at a price of £400,000 Subject to Contract and a new 125 Year Leasehold Interest directly from the Freeholder is to be granted at an annual Ground Rent of £100. The Investor should expect to achieve a minimum monthly rental of £1400 pcm with a Gross Initial Yield of 4.20% +.

Bedroom Two 
2.44m x 3.48m
3.48m x 2.44m
Double glazed window to front, radiator, wood flooring

Open plan Lounge/kitchen 
3.15m x 7.24m
7.24m x 3.15m
Double glazed window to rear, radiator, wood flooring and air conditioning unit.

Bedroom One 
3.15m x 3.51m
3.51m x 3.15m
Double glazed window to rear, fitted wardrobes, radiator, air con unit, wood flooring, and door to en suite with shower cubicle, wash hand basin, low level WC, tiled walls and floor .

Energy Performance Certificate (EPC) graphs

Listing History

Added on Rightmove:
22 September 2016

Map & Street View

Disclaimer - Property reference 150411. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Andrews Estate Agents, Barnet. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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