Ambleside Avenue, SW16

Guide Price: £175,000 - £200,000
AMBLESIDE AVENUE, SW16 — STREATHAM
383 SQFT | 1 BED | 1 BATH | GROUND FLOOR | LEASEHOLD 87 YRS | EPC C | WELL-PRESENTED

ASSET
A period conversion on the ground floor of a handsome red-brick Victorian villa on Ambleside Avenue, positioned between Tooting Bec Common and Streatham High Road within the London Borough of Lambeth. The flat extends to 383 sqft, efficiently arranged with no wasted circulation space. The reception and dining room measures 18'7" x 8'8", running the depth of the flat, with a separate galley kitchen of 16'3" x 4'9" fitted with modern units and gas cooking. The bedroom measures 8'7" x 6'11", served by a bathroom of 6'8" x 6'8", with gas central heating throughout.

TENURE & HOLDING COSTS
Leasehold — 87 years remaining (125 years from March 1989)| Ground rent: £200 pa | Service charge: £2276.30 pa | Council tax: band B (LB Lambeth) | EPC: C.

CONDITION
Well-presented — freshly decorated throughout with new carpet and a modern fitted kitchen. Services and appliances have not been and will not be tested.

CONNECTIVITY
Streatham station is a short walk, with Southern services to Victoria and London Bridge and Thameslink trains running through Blackfriars and Farringdon to St Pancras. Streatham Hill and Tooting Bec (Northern line) stations are both within walking distance, giving a three-station choice. Tooting Bec Common opens out at the end of the avenue with the open-air Tooting Bec Lido beyond, while the shops, restaurants and food scene of Streatham High Road, Streatham Common and the Rookery gardens are all within easy reach.

BUY CASE
Where does a first purchase in this postcode actually start? Here: a period-conversion one-bed between the Common and the High Road, at the entry point to one of South West London's most consistent first-time-buyer markets. The 87-year lease sits clear of the 80-year marriage-value threshold today, with the crossing point around seven years out — and since January 2025 a purchaser can serve a Section 42 notice on completion, adding 90 years at peppercorn ground rent while the premium remains at its cheapest. The 2024 Act's valuation reforms are legislated but not yet in force, so the extension prices on current law. Exit runs through the same demand that defines the area: first-time buyers and a one-bedroom rental market fed by the Northern line and three-station connectivity.

We are required by law to conduct anti-money laundering checks on all those selling or buying a property as prescribed by the Money Laundering Regulations 2017. The initial checks are carried out on our behalf by Coadjute. The cost of these checks is £80 (excl. VAT), which covers the cost of obtaining relevant data and any manual checks and monitoring which might be required. This fee will need to be paid by you and the checks must be completed. We will receive some of the fee taken by Coadjute to cover our costs in our role in the provision of these checks.