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See how verdicts work1-bedroom flat · IG6 3FE
For saleListed 4 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
GUIDE PRICE £270,000-£280,000. Situated within a highly sought-after development in Hainault, this modern and exceptionally well-maintained ground-floor apartment was built approximately 11 years ago.
The property features a spacious double bedroom with an en-suite bathroom and WC, its own private street entrance, and a balcony providing valuable outdoor space.
Further benefits include an impressive unexpired lease of approximately 239 years, an allocated parking space, and the advantage of being offered chain-free, making it an attractive opportunity for first-time buyers, downsizers, or investors alike.
Early viewing is highly recommended to appreciate everything this property has to offer.
With its excellent condition, long lease, allocated parking, and chain-free status, this apartment is expected to attract strong interest.
Entrance Hall Double-glazed PVC door to front, laminate wood flooring, spot lighting, cupboard housing air-purifying system, storage cupboard.
Open Plan Lounge, Dining and Fitted Kitchen Area 18'5" red to 15'2" X 16'3" Lounge and Diner Area Double glazed extra height window and double doors to front leading to balcony, laminate wood flooring, two radiators.
Fitted Kitchen Selection of eye and base level units, integrated washing machine, single sink and drainer unit, obscured double glazed window to flank, cupboard housing boiler, integrated oven, hob and extractor hood, space for fridge/freezer.
En-suited Bedroom 12'8" X 12'1" Double glazed window to rear, radiator, laminate wood flooring, jack and jill entrance to en-suite bathroom via bedroom and hallway.
Bathroom and Wc 9'6" X 7'5" Tiled floor, paneled bath with mains shower over with glass shower screen, pedestal wash hand basin, low level flush wc, wall mounted towel radiator, spot lighting, extractor fan.
Allocated Parking Space The property comes with an allocated parking space labelled AH1 on Reservoir Way. A permit is required to park in this space which can be sought after completion.
Communal Gardens and Bin Store The surrounding gardens are for communal use by residents only and there is a bin store to the rear of the block.
Agents Note The council tax band for this property is B with London Borough of Redbridge, the remaining lease term is 239 years, the monthly ground rent is £36.30 per month (£435.60 per annum) and the service charge is £1253.91 per annum based on the the last year.
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.
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.
Area
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FAQ
About Reservoir Way, Hainault
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