1-bedroom house · E11 2UB
Listing removedListed 209 days
Opportunity summary
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About
Petty Son & Prestwich are delighted to present this well-appointed one-bedroom ground floor retirement apartment, ideally situated in the heart of Wanstead.
Westminster Court is a highly regarded and well-maintained development, located just a short stroll from Wanstead High Street and the Central Line Station (approximately 0.1 miles away).
Exclusively available to residents aged 55 and over, the development is popular for its convenient location and excellent facilities, including residents’ and visitors’ parking, easy access to multiple bus routes, a part-time on-site manager, and a 24-hour emergency Careline system.
Additional amenities include a welcoming communal lounge, laundry room, and a guest suite (available at a charge), ideal for visiting family and friends.
This particular apartment enjoys a desirable ground floor position, offering the rare benefit of direct access to the beautifully maintained communal gardens.
The accommodation comprises a bright and spacious lounge/diner, flooded with natural light from patio doors and flanking windows, creating a warm and inviting living space.
The lounge leads through to a modern fitted kitchen, featuring white units and a practical eye-level double oven.
Further benefits include a generously sized double bedroom and a large walk-in shower room.
Offered to the market chain free, this property presents an excellent opportunity for comfortable and convenient retirement living.
Lease Information: 139 years from 1st January 1988 (100 years currently remain) Service Charge: £3862 per annum (reviewed annually) Ground Rent: £365.66 per annum EPC Rating: C73 Council Tax Band: B An Anti-Money Laundering fee will be applicable to all purchasers at a cost of £10.00 per person.
Reception Room (5.36 x 4.01) Kitchen (3.00 x 2.24) Bedroom (4.72 x 4.11)
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 9 Westminster Court, 23, Cambridge Park, Wanstead
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