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2 bedroom maisonette for sale
281 & 283 Chigwell Road, Woodford Green, IG8 8PL
£110,000
281 & 283 Chigwell Road, Woodford Green, IG8 8PL
£110,000
Our Summary
- LOT 19 **FOR SALE BY ONLINE AUCTION** on 15th May 2025 In Same Ownership for Approximately 44 Years Freehold Maisonette Investment Situated on Chigwell Road, close to local shopping/travelling facilities including Woodford and South Woodford Underground Stations (Central Line)
- They are not necessarily figures which a property will sell for and may change at any time prior to the auction
- Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide
- Guide prices will be continually updated on our website up until the day of the auction
Description
This property, located on Chigwell Road, is a freehold maisonette investment that has been in the same ownership for approximately 44 years. The property is semi-detached and comprises two self-contained maisonettes, one on the first floor and one on the ground floor. The first-floor maisonette is let on an assured tenancy at £900 per calendar month, while the ground-floor maisonette is sold on a lease for a term of 999 years at a peppercorn ground rent. The property produces a total income of £10,800 per annum and has an EPC rating of D and a Council Tax Band of B. The property is situated close to local shopping and travelling facilities, including Woodford and South Woodford Underground Stations, and Roding Valley Park. The guide price for the property is £280,000 to £300,000, and there is a buyer's fee payable to McHugh & Co of £1,200 incl. VAT for lots sold over £10,000.