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See how verdicts work1-bedroom flat · E17 6GG
For saleListed 281 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
** If you would like to arrange a viewing for this property please click to register your interest.
If you have an eligible Shared Ownership application with L&Q, you will be sent the sellers contact information to arrange a viewing** shared ownership Full Market Value: £320,000 Share Value (30%): £96,000 Monthly Rent: £604.84 Service Charge: £206.31 Heating Charge: £36.32 Council Tax Band: B 125 year lease commenced December 2015 - 115 years remaining EWS1 certification is available for this block - B1 rating- We are now working with an independent panel of Fire Engineers to review any L&Q building inspections conducted by Tri Fire.
Where the panel is not satisfied with the inspection and certificate awarded, we will instruct a new inspection of the building as soon as possible.
This ground floor recently renovated apartment with semi-engineered oak hardwood flooring has an open-plan kitchen and living area.
The new kitchen features an induction hob, extractor fan, water filter tap, solid oak butcher's block worktop and breakfast bar.
The double bedroom with built in storage, is large enough to accommodate a king size bed.
The bathroom features a tiled walk in shower, large basin, toilet with handheld bidet, large radiator and extractor fan. There is a designated parking space in the underground secure car park.
Bike storage is subject to availability. This property benefits from a sinking fund. A sinking fund is a long-term savings plan that leaseholders contribute to every month through service charges.
This is used to pay for major works that are required, such as replacing a roof. Lucida court is just a short stroll from the 500 acre Walthamstow Wetlands.
The Green Flag award winning Wetlands is the largest nature reserve in London, packed with things to see and do and the perfect escape from City life.
Best of all it's barely eight minutes from your new front door. Blackhorse Road tube station just a half mile away on foot.
From here the Victoria Line will get you directly to Kings Cross in fifteen minutes, putting the heart of London less than a half hour away door to door. Heading to the West End?
Oxford Circus is just five minutes further. Need to get to the City? Ride one stop to Walthamstow Central and swap to the overground for twenty minute runs to Liverpool Street.
Or step off here entirely for the wining and dining delights of Walthamstow Village.
Overground is also available from Blackhorse Road station The buyer will require a deposit to obtain a mortgage for this property.
To meet the requirements for this property we require as a guideline, a minimum household income of £46,677.
If you are offered the home, your ability to afford this property will be assessed at your financial interview.
Please note that applicants should purchase the maximum share that they can afford and sustain.
Only applicants who are registered with London and Quadrant will be eligible to be offered a property in one of our schemes.
If you are not registered please visit our website and register to obtain your unique reference number.
Your home is at risk if you fail to keep up repayments on a mortgage, rent or other loan secured on it. Please make sure you can afford the repayments before you take out a mortgage.
These particulars are of opinion only, are intended to give a fair description and do not form the basis of a contract.
The descriptions and all other information are believed to be correct as of November 2025.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
Short-let restrictions apply
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
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.
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About Papermill Place, Walthamstow
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