2-bedroom flat · IG7 4QY
For saleListed 19 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
GUIDE PRICE £290,000-£300,000.
Offered chain free, this well-presented two bedroom first floor apartment is maintained to a good standard throughout and offers comfortable, low-maintenance living in a desirable Chigwell location.
The property features a modern fitted kitchen and contemporary bathroom, complemented by two well-proportioned bedrooms and a bright and welcoming living space.
Externally, the apartment is set within attractive, well-maintained communal grounds and benefits from plenty of residents' parking spaces.
The property also boasts an impressive 963-year lease, providing excellent long-term tenure.
Ideally positioned within a very short walk of Hainault Forest, the apartment offers easy access to beautiful open green space while remaining well placed for the amenities and transport links of Chigwell and the surrounding area.
An ideal opportunity for first-time buyers, downsizers or investors, early viewing is highly recommended.
Entrance Hall Door to front to communal hallway, entry phone system, laminate wood flooring, storage cupboard, cornice coving to ceiling.
Lounge/Diner 16'9" X 10'1" Double glazed window, laminate wood flooring, cornice coving to ceiling, door to inner lobby.
Kitchen / Breakfast Room 12'8" X 6'4" Double glazed window, tiled floor, selection of eye and base level units, integrated oven/grill, integrated gas hob and extractor hood, splash tiling, single sink and drainer unit, plumbing for dishwasher and washing machine, integrated fridge/freezer, access to larder cupboard.
Inner Lobby Laminate wood flooring, cornice coving to ceiling, storage cupboard.
Master Bedroom 11' X 10'7" to fitted wardrobes Double glazed window, laminate wood flooring, radiator, cornice coving to ceiling, fitted wardrobes.
Bedroom Two 12'5" X 6'9" Double glazed window, laminate wood flooring, radiator, cornice coving to ceiling.
Bathroom and Wc Obscured double glazed window, tiled floor and walls, low level flush wc, wash basin, tiled in bath with mixer taps and glass shower screen, wall mounted towel radiator.
Communal Grounds and Residents Parking The grounds on this development are for communal use by residents only and there is ample residents parking, on a first come first served basis.
Agents Note Council tax band is C with London Borough of Redbridge.
The remaining lease term is 963 years, there is no ground rent, the service charge is £1657 per annum which includes the buildings insurance.
Disclaimer haart Estate Agents also offer a professional, ARLA accredited Lettings and Management Service.
If you are considering renting your property in order to purchase, are looking at buy to let or would like a free review of your current portfolio then please call the Lettings Branch Manager on the number shown above.
haart Estate Agents is the seller's agent for this property. Your conveyancer is legally responsible for ensuring any purchase agreement fully protects your position.
We make detailed enquiries of the seller to ensure the information provided is as accurate as possible. Please inform us if you become aware of any information being inaccurate.
Value & comps
No previous sales on record.
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 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.
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About The Ridings, Chigwell
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