1-bedroom flat · IG6 1FD
Opportunity summary
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About
Key features: • 1 bedroom retirement development • No onward chain • 75% shared ownership for over 55's • Ideally situated within a short distance to Barkingside Central Line Station • Surrounded by local amenities and offers great transport links • Warden Assisted Tenure: Leasehold, 106 years remaining Key Features: Bairstow Eves are pleased to offer for sale this one bedroom first floor retirement apartment available to over 55's only and being sold with 75% shared ownership.
Offered with vacant possession, this bright and spacious property is ideally located close to Tesco supermarket, bus services and Barkingside Central Line station offering direct access to Stratford within approx.
20 minutes and Liverpool Street within approx. 30 minutes. Communal Gardens - Surrounding communal gardens. Council Tax - London Borough of Redbridge - Band B Lease - 106 years remaining.
Service Charge - £245.30 per month (£2,943.60 per annum). Buildings Insurance Charge - £36.82 per month (£441.84 per annum). Please call our Sales Team on to arrange a viewing.
Agents Note - The property is being sold as a shared ownership with Housing 21 Care. 75%/25%. The details of the share and lease details etc, will need to be verified by the respective solicitors.
This property is only available to applicants over the age of 55 and any prospective purchaser has to attend a Housing 21 purchaser interview with the Court Manager.
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 6 Chartwell House,, Barnardo Drive, Essex
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