Guide price £425,000
This two bedroom conversion in The Gardens is a very desirable location, offering residents of the square exclusive use of the square gardens, much like garden squares in Belgravia and Kensington in Central London, with the added benefit of potential to extend into the loft, (possibly subject to consents and permissions being granted).
Offering nearly 600 sq ft of living space and positioned on the top floor of a period building, as well as having a view onto the square from the front of the property and Peckham Rye which is located at the end of the road, gives this flat some unique features.
However, a great additional benefit is a SHARE OF THE FREEHOLD is being included in the sale. This is very desirable to many buyers who wish to have more control over their property than a standalone leasehold property.
Some of the benefits to owning a share of the freehold include:
• Managing the maintenance of the building with your fellow freeholders. This normally results in the cheapest options for maintenance being achieved. As an example, the owner of this flat has informed us the freeholders of this building have jointly decided that they will pay for maintenance as and when the need arises rather than making costly, regular contributions to a management company.
• Control over the buildings insurance. Like the maintenance, you can be involved in the choice of provider and shop around for cheaper quotes.
• As freeholder you also have greater control over any changes to the building. As an example, if you want to remove a wall or extend into the loft space, as freeholders you could grant yourselves permission to do that. You may however be subject to planning consents and building control depending on the scale of the work you wish to do.
• Increased resale value. Flats with a share of freehold tend to sell for a premium over a stand alone leasehold flat given the additional benefits. Share of freehold flats are not as common as leasehold only flats either which is another reason the value is normally higher.
One of the most attractive features of this flat are the two green spaces that are located on the road and at the end of the road.
Peckham Rye Park and common is located at the end of the road. Peckham Rye is a popular open green space in South East London. Its particularly reputed for its outdoor green gym, cafe, sports grounds, wildlife garden, children's play areas, skate park and trails.
You can read more about the park and common here: http://www.peckhamryepark.org/#welcome-to-peckham-rye-park
The square is located along The Gardens itself. Its a nice expense of fenced green with benches which is similar to squares you might find in central London. The square can be seen from the from the window of the apartment.
We have included a snap shot from Google maps as one of the images so you can see just how the property is located in relation to the square and Peckham Rye and common.
East Dulwich station is approximately 0.6 miles away with a selection of buses available along Peckham Rye.
Several years ago the property was featured on the popular TV programme "60 minute make over" and that episode can be found on some catch up facilities (we have been advised this by the owner who showed it to us upon our visit to the property).
The current owner removed the work that was done during that programme as wanted to make different use of the space.