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Oakfield Road, Southgate, N14

Description

Oakfield Road, Southgate N14
One-bed upper flat with pending planning to create a 2-bed/2-bath duplex + newly extended lease

Key features

Planning application submitted to extend into the loft and reconfigure as a two-bedroom, two-bathroom apartment — decision pending

Loft space demised to the upper flat in the new lease, with rights to carry out alterations as set out in the lease

Lease extended to 189 years from 1969 — approx. 133 years remaining (expiring 2158)

Currently a well-proportioned one-bedroom flat with strong add-value potential

Popular location close to Southgate amenities and transport

Description
Set on sought-after Oakfield Road, this one-bedroom upper flat enjoys the rare advantage of the loft being demised to the property. A planning application is currently with the council to convert the loft and reconfigure internally, creating a spacious two-bedroom, two-bathroom layout (decision pending). The newly extended/varied lease includes provisions for the owner to carry out alterations, subject to the lease terms and statutory consents.

A compelling opportunity for end-users or investors to unlock further value in a prime North London spot near Southgate's shops, cafés and transport links.

Lease & tenure

Tenure: Leasehold

Term: 189 years from 1969 (circa 133 years unexpired; expires 2158)

Ground rent / Service charge: TBC

Important notes
Any works will require compliance with planning, building regulations, and the terms of the lease including any necessary freeholder/landlord consents. Buyers should rely on their own enquiries and legal advice. EPC/Council Tax TBC.

Portal summary (short blurb)
One-bed upper flat with planning application submitted (decision pending) to create a 2-bed/2-bath duplex via loft conversion. Loft demised to the flat; extended lease ~133 years remaining. Superb Southgate location.

Brochures

Full Details
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PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
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GARDENA property has access to an outdoor space, which could be private or shared.
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ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Oakfield Road, Southgate, N14

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About Nicholas James, Southgate

34 High Street, London, N14 6EE

NICHOLAS JAMES

is a family run company believing in traditional values.

The first Nicholas James office was opened in August 2009 by brothers Nicholas Panayiotou and James Panayiotou, bringing together a combined experience of over 25 years in property sales, lettings and management.

Nicholas James prides itself on the company's positive, sincere approach to business. Following on from its belief that "honesty is the only investment that never fails", Nicholas James has managed to retain 96% of its clients since opening. This fantastic achievement is further evidenced by the company's increased exposure in the area through word of mouth, boasting an impressive 90% of new customers arriving by referral.

We at Nicholas James are proud to be operating in the area where we have lived and grown up for the last 33 years. Our knowledge of the area is second to none, and we devote many hours to re-evaluating movements in the property market to ensure we achieve the best possible deal for our clients.

If you wish to make enquiries regarding your property, pick our brain on a particular issue or simply meet the team then please feel welcome to visit us for a pleasant and informal chat.

Tenant Fees & Charges

Lost Key(s) or Other Security Devices

Tenants are liable for the actual cost of replacing any lost key(s) or other security device(s).

The cost can vary depending on the type of key or device.

Tenants will be liable to pay up to £50 per key or device.

If the cost exceeds £50, reasonable evidence of the cost will be provided.

If the loss results in locks needing to be changed, the tenant will be responsible for the full cost of the locksmith, new lock, and replacement keys for all relevant parties (tenant, landlord, managing agent, etc.).

Holding Deposit

A maximum of one week's rent.

Security Deposit

A maximum of five weeks' rent where the annual rent is less than £50,000.

A maximum of six weeks' rent where the annual rent is £50,000 or more.

Variation of Contract (at Tenant’s Request)

£50 (incl. VAT) per agreed variation.

Covers the cost of obtaining the landlord's instructions, and preparing and executing the new legal documents.

Change of Sharer (at Tenant’s Request)

£50 (incl. VAT) per replacement tenant, or

Any reasonable costs incurred if higher (with the landlord’s consent and instructions).

Early Termination (at Tenant’s Request)

If a tenant wishes to end their tenancy early:

They will be liable for the landlord’s costs in re-letting the property, and

Responsible for rent payments up to the start date of the replacement tenancy.

These costs will not exceed the maximum amount of rent outstanding on the tenancy.

Tenant Responsibilities for Utilities and Services

Where required, tenants are responsible for payment of:

Utilities: electricity, gas or other fuel, water, and sewerage

Communication services: telephone, internet, cable/satellite television

TV Licence

Council Tax (payable directly to the billing authority)

Client Money Protection (CMP)

We are a member of Client Money Protection (CMP) – UKALA Total Loss Protection.

Company Details

Nicholas James Estate Agents is a trading name of JCE Estates Ltd

Company Number: 14964481

Your mortgage

Per year
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%
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%
Monthly repayments
£1,815
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Notes

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Disclaimer - Property reference 12711557. 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 Nicholas James, Southgate. 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.

*This is the average speed from the provider with the fastest broadband package available at this postcode. The average speed displayed is based on the download speeds of at least 50% of customers at peak time (8pm to 10pm). Fibre/cable services at the postcode are subject to availability and may differ between properties within a postcode. Speeds can be affected by a range of technical and environmental factors. The speed at the property may be lower than that listed above. You can check the estimated speed and confirm availability to a property prior to purchasing on the broadband provider's website. Providers may increase charges. The information is provided and maintained by Decision Technologies Limited.
**This is indicative only and based on a 2-person household with multiple devices and simultaneous usage. Broadband performance is affected by multiple factors including number of occupants and devices, simultaneous usage, router range etc. For more information speak to your broadband provider.

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