Offers in region of
£390,000
1 bed flat for saleOakfield Road, Southgate N14
1 bed
1 reception
EPC Rating: D
Nicholas James
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About this property
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.
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