Express Drive, IG3

EXPRESS DRIVE, GOODMAYES, IG3 — ILFORD / REDBRIDGE | See Virtual Tour
CASH BUYERS ONLY I 515 SQFT | 1 BED | 1 BATH | 2ND FLOOR | LEASEHOLD 64 YRS | EPC D

ASSET
Second-floor one-bedroom flat, 515 sqft gross internal, within the Express Drive development — a modern purpose-built scheme in Goodmayes moments from the Elizabeth line. The accommodation comprises a reception room, a separate fitted kitchen with an adjoining storage cupboard, a double bedroom and a bathroom, arranged off a central hallway. The development sits in a quiet residential turning with resident parking and open green space between the blocks.

TENURE & HOLDING COSTS
Leasehold — 64 years remaining. Ground rent: TBC. Service charge: TBC. Council tax: Band B (LB Redbridge). EPC: D.

CONDITION
All services and appliances have not been and will not be tested.

CONNECTIVITY
Goodmayes station (Elizabeth line, Zone 4) — around 0.2 miles, with direct trains to Stratford in around 14 minutes and Liverpool Street in around 24 minutes, running through to Farringdon, Tottenham Court Road and Paddington. Seven Kings station (Elizabeth line) is around 1 mile. A 24-hour Tesco and Goodmayes Retail Park sit within walking distance, with the shops of High Road and Goodmayes Road close by and The Exchange shopping centre in Ilford around 1 mile. Goodmayes Park and South Park are both nearby, and Goodmayes Primary School and Mayfield School — each rated Good by Ofsted — are within a quarter of a mile. The A12 and A406 provide road links, with the 24-hour 86 bus running to Romford and Stratford.

BUY CASE
Cash buyers only. The entry price is set by the lease; the exit is set by the Elizabeth line. At 64 years the term prices this 515 sqft one-bed well below long-lease equivalents, and a buyer can serve a statutory lease-extension notice as soon as their ownership is registered — the two-year qualifying rule was abolished in January 2025 — with the step-up to an extended-lease valuation forming the margin. For cash investors, Zone 4 stock a few minutes' walk from a Crossrail station carries deep tenant demand from City and Canary Wharf commuters; for cash owner-occupiers, it is a route into a managed modern development with the equity created through the extension. The extension premium should be costed before offers, as marriage value applies under current law.

We are required by law to conduct anti-money laundering checks on all those selling or buying a property as prescribed by the Money Laundering Regulations 2017. The initial checks are carried out on our behalf by Coadjute. The cost of these checks is £80 (excl. VAT), which covers the cost of obtaining relevant data and any manual checks and monitoring which might be required. This fee will need to be paid by you and the checks must be completed. We will receive some of the fee taken by Coadjute to cover our costs in our role in the provision of these checks.