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See how verdicts workStudio flat · E11 2TE
Listing removedReduced £10k (−4.4%) on 7 FebListed 430 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
*sold by petty son & prestwich*Petty Son & Prestwich are delighted to offer this charming ground floor studio apartment close to Snaresbrook Station and Wanstead High Street.
In this purpose built development, within walking distance of Snaresbrook Central Line Station (0.3 miles) and Wanstead High Street (0.2 miles), you will discover this ground floor studio apartment.
With fabulous leafy parks, Epping Forest Land and swathes of open greenery such as Leyton Flats and Wanstead Park within an easy walk or cycle ride you are able to escape to more tranquil surroundings.
A fantastic range of independent coffee shops, restaurants, shops and bars are literally on your doorstep whilst Central London is just a quick train journey away providing a convenient commute for both daily work travel or leisure time.
The property is also within very easy reach of Whipps Cross Hospital and offers a quick and straightforward Central Line commute to Mile End and the Royal London Hospitals.
With a long lease, sensible layout and lots of storage cupboards it is the perfect starter home or rental, with the ground floor positioning making it easy and convenient for access.
The separate kitchen laid out in a ‘c-shape’ design maximises the storage and worksurface space on possible. A separate bathroom lies opposite, offering a bath with shower overhead.
The bedroom/living space is surprisingly spacious for a studio, at approximately 245 square feet, with a South/Westerly facing both the main living room and kitchen area naturally light and bright throughout the day.
Permit parking is available within the close and wider area.
EPC Rating: D64 Council Tax Band: B Service Charge: £2816.65 (reviewed annually) Ground Rent: £44 Lease Information: 999 years from 29th September 1972 (945 years currently remain) An Anti-Money Laundering fee will be applicable to all purchasers at a cost of £18.00 per person.
Bedroom/Living Space (6.40m x 3.53m (21 x 11'7)) Kitchen (2.13m x 2.11m (7 x 6'11)) Bathroom (1.96m x 1.70m (6'5 x 5'7))
Value & comps
No previous sales on record.
Returns
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Short-let restrictions apply
We're still gathering serviced-accommodation data for this area.
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
Agent & docs
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FAQ
About Flat, 2, Selworthy Close, Wanstead
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