2 bedroom flat for saleNormandy Avenue, Barnet
Withdrawn from Market £475,000
Well decorated two bedroom top floor apartment in a period building located in High Barnet which provides panoramic views over the city of London. The property 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.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.Measurements:Bedroom 1: 12 sq mBedroom 2: 11.6 sq mBathroom: 4.36 sq mLiving Room: 19.75 sq m
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