1 bedroom flat for saleNormandy Avenue, Barnet
Withdrawn from Market £375,000
Cosy ground flat, based in highly sought after Greater London location. Well-sized garden and great access to local transport links. Well decorated apartment which is conveniently located for the High Street which offers a wide variety of various local amenities.The property benefits from being within close proximity to public transport links which ideal for commuters as it is only 0.1 miles to High Barnet station and numerous bus stops.It is also within proximity to Barnet General Hospital and well sought after Queen Elizabeth's school for boys and for girls.Currently flat is let out to Barnet Council on a 3 year lease, which expires in March 2017. Based on current private, market rental rates, a rental value of circa £15k is achievable from next March. Barnet Council are keen to renew. An annual return of nearly 4.5%.In addition, there is great potential long-term price appreciation. If Barnet rises to match the same levels of Wimbledon, Clapham and other similar zone 4 London suburbs this could mean a 50%+ appreciation over five years. Currently comparable one bedroom flats in Clapham are selling at £550k and two bedroom flats are selling for £750k.MORE PHOTOS TO FOLLOW
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