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1 bedroom apartment for sale
Clayhall Avenue, Ilford, IG5
£254,499
Clayhall Avenue, Ilford, IG5
£254,499
Our Summary
- Key Features: • Central heating and double glazing • Secure entry phone system • Utility room ideal for home office or storage • Within catchment area for grammar schools• Located near excellent local amenities• 24-hour bus service directly outside • Local shop within 2 minutes' walk • 5 minutes bike journey to Barkingside tube station on central lineAdditional Information: • Service Charge: Approximately between £280 - £300 per annum • Ground Rent: £10 per annum • Landlord Licence: Exempt • Energy Rating: A • EPC and Gas certificates present • No stamp duty for first time buyers on this Investment Potential: Currently rented out for £1400 per month, with potential to achieve £1500 per month
- The property has had the same tenant for the past three years, offering a strong rental yield of approximately 12% for potential Buy-to-Let investors
Description
This modern, one-bedroom flat is a rare opportunity to own a spacious and well-presented property in a sought-after location. Situated on the first floor, the flat boasts a large living room, kitchen, bedroom, utility room, and three-piece bathroom suite. With ample storage, including loft space, and off-street parking, this property offers a great balance of comfort and convenience. The flat is situated near excellent local amenities, has a 24-hour bus service directly outside, and is within the catchment area for grammar schools. Additionally, the property has a strong rental yield, currently rented out for £1400 per month, and has the potential to achieve £1500 per month. With a remaining lease of approximately 92 years and a lease extension cost estimated between £4500-£5000, this property offers a great investment opportunity for buy-to-let investors.