Churchfields, London, E18
- PROPERTY TYPE
Flat
- BEDROOMS
1
- BATHROOMS
1
- SIZE
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Key features
- Annual rental income of £15,600 with the potential to bring this up to £17,400
- Net yield of 5.6% with the potential to bring this up to 6.2%
- Current owner has already paid for a lease extension abolishing ground rent cost
- EPC rating: C
- Private balcony
- Popular residential location
Description
Exceptional Buy-to-Let Investment in Prime South Woodford
Investment Summary
Asking Price: £280,000
Tenure: Leasehold (172 years remaining - no ground rent)
EPC Rating: C
Service Charge: £1,011 per annum
Current Rent: £1,300 pcm (rolling tenancy)
Potential Rent: £1,450-£1,500 pcm
Yield (Current): 5.6%
Yield (Potential): 6.2%
Mortgage Valuation (2020): £290,000
Property Overview
A beautifully presented one-bedroom top-floor flat in the sought-after Pear Tree Court development, South Woodford. Set within well-maintained communal grounds, this second-floor apartment benefits from:
A private balcony with elevated views
Bright and spacious open-plan living area
Modern kitchen and bathroom
Communal car park for residents
Located in the desirable Churchfields catchment area
The property is currently let to reliable tenants who have occupied the flat for over 2.5 years with no issues, providing immediate income stability. The tenancy is rolling, giving flexibility for investors seeking either continued rental income or vacant possession in the near term.
The Lease Advantage
Unlike many other flats in the development, this property boasts a 172-year extended lease - a significant long-term financial benefit.
No ground rent is payable, removing future cost liabilities.
Many comparable sales in Pear Tree Court have shorter leases, often requiring expensive extensions that can cost tens of thousands of pounds.
This long lease makes the flat mortgage-friendly for all major lenders and enhances resale value.
Rental Market Performance.
Recent listings in the same development are achieving £1,450-£1,500 pcm, with one comparable flat recently marketed for £150 pcm higher despite being in inferior condition.
Let Pure Lettings Take The Strain.....
We offer a comprehensive lettings and property management service, ensuring our landlords benefit from a single point of contact for their entire portfolio. From London to Lancaster, from Cardiff to Colchester, we offer a fully managed service for landlords looking to minimise costs and maximise efficiency across their portfolio.
Fully managed lettings and property management service
Comprehensive coverage throughout England and Wales
One team, one fee across your full portfolio
Rental income protection available
Transfer your existing properties quickly and easily
If you would like to find out more about our lettings and property management service, or would like to find out how much we can save you each month, why not contact our team today on Tel: to find out more
- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
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- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Yes
- GARDENA property has access to an outdoor space, which could be private or shared.
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- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Energy performance certificate - ask agent
Churchfields, London, E18
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Visit our security centre to find out moreDisclaimer - Property reference Pear-Tree-Court-Woodfield. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Pure, Manchester. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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