Modern Method of Auction
Auction date not yet published
2-bedroom flat · IG7 5NT
For saleReduced £20k (−10%) on 20 OctListed 17 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Modern Method of Auction - No Onward Chain Two Bedroom Top Floor Apartment High Yielding Buy-To-Let Investment Opportunity 170-Year Lease And Low Service Charge Garage En Bloc And Communal Gardens lose To Grange Hill And Hainault Central Line Stations 56-Day Completion Timescale - Buyer Fee Priced to Sell - Viewing Highly Recommended Bairstow Eves are delighted to offer to the market this spacious two-bedroom top floor apartment, offered for sale with no onward chain via the Modern Method of Auction.
The property benefits from a long 170-year lease, low service charges and well-proportioned accommodation throughout, making it an excellent opportunity for buy-to-let investors, first-time buyers and downsizers alike.
Offering strong rental appeal and low ongoing costs, this property presents a potentially high-yielding investment opportunity.
The accommodation comprises a generous lounge/diner, separate fitted kitchen, two well-proportioned bedrooms and a family bathroom.
Externally, the property further benefits from a garage en bloc and access to communal gardens.
Ideally situated, the flat is within easy reach of both Grange Hill and Hainault Central Line stations, providing convenient transport links into London, as well as access to local amenities, schools and recreational facilities.
Auctioneer Comments: This property is offered through Modern Method of Auction. Should you view, offer or bid your data will be shared with the Auctioneer, iamsold Limited.
This method requires both parties to complete the transaction within 56 days, allowing buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey).
The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of £6,600 including VAT.
This fee is paid in addition to the purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability.
Buyers will be required to complete an identification process with iamsold and provide proof of how the purchase would be funded.
The property has a Buyer Information Pack containing documents about the property.
The documents may not tell you everything you need to know, so you must complete your own due diligence before bidding.
A sample Reservation Agreement and terms and conditions are contained within this pack. The buyer will also make payment of £300 including VAT towards the preparation cost of the pack.
The estate agent and auctioneer may recommend the services of other providers, for which they may receive a referral fee.
These services are optional and details of any payment will be provided in writing before any services are accepted.
Value & comps
No previous sales on record.
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Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below starting price
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All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
FAQ
About 20 Cobdens,, Limes Avenue, Essex
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