Guide price £190,000 to £200,000.
This studio flat is situated on the First floor of a private development which offers many features for a very reasonable price.
The services charges are lower than you might expect considering how much this property offers.
The flat comes with allocated off street parking, access to an onsite swimming pool and zen garden all of which are included in the service charge.
The service charge which is approximately £1250 per year also includes the following (which the vendor has advised us about) which is why we feel it offers great value for money:
• On site cleaner / care taker
• On site gardener
• Building insurance
• Internal communal area cleaning
• Exterior decoration every 5 years
• Internal decoration every 3 years
The value of the onsite care taker and gardener is apparent when you enter the development. The development and grounds are generally well presented.
In our opinion it’s rare to find a studio that offers a separate bathroom and kitchen. Due to this the flat feels very similar to a one-bedroom property. In fact, the flexible layout and overall size of the studios in Paxton Road have allowed a few properties to change their layout and create a separate bedroom / sleeping area. This flat could offer even greater potential to create a bedroom / sleeping area due having a side window in the lounge which other flats in the development don't have. This window could assist is giving a sleeping area natural light.
The flat itself offers over 340 sq ft of living space which is only slightly smaller than some one-bedroom flats.
With so much to offer at an affordable price in the Forest Hill area, we believe this property offers great value for a first-time buyer, long term investor or someone wishing to downsize.
The ground rent is approximately £90 per year.
Paxton Road is located approximately 0.7 miles to Forest Hill station and town centre and approximately 0.6 miles to Bell Retail Park which is home to some well-known shops such as Next, Sports Direct, B&Q, Toys R Us and McDonalds Drive through. A large Sainsbury’s is situated next to the retail park. Just past the Sainsbury’s you will also find Lower Sydenham station.
Travel times on offer from both Forest Hill and Lower Sydenham (London Overground) include:
Croydon in approximately 20 minutes
London Bridge in approximately 17 minutes
Victoria in approximately 40 minutes
Charring Cross in approximately 26 minutes
Canary Wharf in approximately 23 minutes
Local recreational facilities include leisure centres, a sports and social club, the well-known popular open green spaces of Mayow Park and a selection of cafés and restaurants which can be found in both Forest Hill and Sydenham.