1 bedroom flat for sale

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1 bedroom flat for sale

Churchfields, London, E18
£280,000

Our Summary

  • Many comparable sales in Pear Tree Court have shorter leases, often requiring expensive extensions that can cost tens of thousands of pounds
  • Annual rental income of £15,600 with the potential to bring this up to £17,400
  • 6% with the potential to bring this up to 6

Description

This exceptional buy-to-let investment property is a one-bedroom flat located in the sought-after Pear Tree Court development in South Woodford. The property benefits from a private balcony with elevated views, a bright and spacious open-plan living area, modern kitchen and bathroom, and a communal car park for residents. The flat is currently let to reliable tenants with a rolling tenancy, providing immediate income stability, and has a potential yield of 6.2% with a current rent of £1,300 per month. The property also boasts a 172-year extended lease, removing future ground rent liabilities and making it mortgage-friendly for all major lenders. The rental market performance in the area is strong, with comparable flats achieving £1,450-£1,500 per month. The property is being sold with a comprehensive lettings and property management service, offering landlords a single point of contact for their entire portfolio.