1 bedroom flat for sale
Key information
Property description & features
- Tenure: Leasehold (106 years remaining)
- 11% Gross Yield off current Guide Price
- Excellent Residential Investment
- Convenient Chigwell Location
- Good sized Flat with Double Bedroom
- UPVC Windows and Gas Central Heating
- Residents Permit Parking Scheme
- Guide price: £130,000
- For sale by online livestream auction
- Unless previously sold or withdrawn prior
- 11:00am Wednesday, 11th December 2024
FOR SALE BY LIVESTREAM ONLINE AUCTION - 11:00AM, WEDNESDAY, 11th DECEMBER 2024
TO REGISTER FOR LEGAL PACK AND BIDDING INSTRUCTIONS PLEASE VISIT OUR WEBSITE
Excellent high yielding residential flat investment
A good sized second floor purpose built flat with 106 years remaining on the Lease. Larchwood House is a ten storey block in a residential area of Chigwell, just over a mile from Grange Hill and Hainault tube stations. Hainault Forest is very close by.
The property benefits from UPVC windows and gas central heating.
The flat is let on an AST expiring in August 2025 at a rent of £1,200 pcm giving a gross yield of 11% off the current guide price!
Baywood Square benefits from residents parking permits.
Ground Floor Communal secure entrance with entry system.
Two passenger lifts give access to all floors
Second Floor Personal Entrance Door,
Entrance Hall 11'8" x 5'4" max
Lounge 14'5" x 12'2"
Terrace 14'5" x 3'4"
Kitchen 10' x 8'4"
Bedroom 13'9" x 9'3"
Bathroom 6' x 6'
Council Tax Band A
Lease Details Term: 125 years from 21.03.2005 (106 years unexpired)
Annual Service Charge: Please refer to legal pack
Annual Ground Rent: £10.00
Viewings Individual viewings can be arranged. Please call the Chelmsford Office to book an appointment.
Tenure: Leasehold
Lease Details: 125 years from 21/03/2005
EPC Rating: C
Administration Fee: 0.3% inc VAT of the purchase price, subject to a minimum of £1200 inc VAT, payable on exchange of contracts.
Buyer's Premium Fee: £1200 inc VAT payable on exchange of contracts.
Disbursements: Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Places of interest
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Property reference 202410281200sq_8blg. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Auction House - East Anglia.
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Broadband availability and predicted speed: obtained from Ofcom on December 16, 2021
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
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Super-fast: Between 30 Mbit/s and 300 Mbit/s
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Mobile phone signal availability and predicted strength: obtained from Ofcom on January 17, 2022
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Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area: obtained on July 11, 2021 from 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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