1-bedroom flat · E11 2PS
For saleListed 55 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Petty Son and Prestwich are pleased to offer this beautifully presented one double-bedroom, second-floor retirement apartment.
Situated just off Cambridge Park Road, the apartment features a spacious double bedroom with a built-in wardrobe, a fitted kitchen with cream shaker-style units, under-unit lighting and warm wood-effect worktops.
The kitchen opens into a generous reception/dining room, finished with soft grey walls and an impressive feature brick-effect wallpaper, which perfectly frames the archway leading into the kitchen.
The property also benefits from a fitted white bathroom suite and two large storage cupboards.
The development offers a range of excellent facilities, including a communal laundry room, guest suite, residents’ lounge, communal parking, well-tended communal gardens and an on-site manager.
With a bus stop immediately outside the development providing regular services to the surrounding area, the apartment is ideally positioned for convenience.
It is also approximately 0.6 miles from both Wanstead and Snaresbrook Central Line Stations, as well as Wanstead High Street, with its excellent selection of shops, restaurants, cafés and parks.
Lease Information: 99 years from 23rd January 2004 (76 years currently remain) Service Charge: £3815.52 per annum (reviewed annually) Ground Rent: N/A EPC Rating: C77 Council Tax Band: B An Anti-Money Laundering fee will be applicable to all purchasers at a cost of £18.00 + VAT per person.
Reception Room/Dining Room (5.59m x 3.1m) Kitchen (2.11m x 2.31m) Bedroom (4.39m x 2.59m) Bathroom (2.11m x 1.6m)
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
0.0% below asking
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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
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FAQ
About Flat 23, Oak Lodge, 56 Cambridge Road, Wanstead
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