2-bedroom house · IG10 4RS
Listing removedListed 142 days
Opportunity summary
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About
DESCRIPTION Offered with NO ONWARD CHAIN. Carlton House is a desirable development of apartments offering retirement accommodation for those aged 60 years and over.
The building stands on the corner of Algers Road and the High Road where, within a short walk, there is a great choice of shops, cafes and other amenities including M&S Food, Sainsburys and Gails bakery.
No. 15 is a ground floor apartment offering 2-bedroom accommodation that is nicely positioned at one end of the building and looks out to the High Road.
There are lovely communal gardens and recreational areas including a residents' lounge, laundry, gym and there is excellent off-street parking.
GROUND FLOOR ENTRANCE HALL LOUNGE / DINING ROOM 19' 3" x 10' 6" (5.87m x 3.2m) KITCHEN AREA 10' 6" x 7' 8" (3.2m x 2.34m) BEDROOM 1 16' 3" x 9' 4" (4.95m x 2.84m) BEDROOM 2 12' 6" x 6' 9" (3.81m x 2.06m) BATHROOM 7' 8" x 6' 5" (2.34m x 1.96m) EXTERIOR To the rear of the building is a well-tended garden with areas of lawn, a large terrace and other sitting areas.
BROADBAND It is understood that Fibre Optic Broadband is available in this area. COUNCIL TAX Council Tax is payable to Epping Forest District Council. The property is shown in Council Tax band 'E'.
TENURE & SERVICES CHARGES The property is understood to be Leasehold (125 years commencing in 1994).
An annual service charge is payable in respect of the maintenance and utilities of the building and gardens, payment for the House Manager (9am to 5pm), call alarm, water rates and Buildings Insurance.
The current charge for this apartment is understood to be £3456.00 per year. Ground rent is understood to be £177.40 per year. These figures are subject to verification by the sellers' solicitors.
We understand that, upon each sale, an event fee is to be paid by the owner of the apartment and this is calculated upon assignment according to provisions in the lease.
SERVICES Mains water, drainage and electricity services are understood to be connected. No services or installations have been tested.
COMMUNAL AREAS Carlton House has a number of very well-furnished communal areas including the large Living Room which has a fully-stocked kitchen area and is ideal for social events or relaxing with views onto the gardens.
There is also a hairdressing salon on-site, laundrette, gym and overnight room for occasional needs-based family stays. PARKING Carlton House has good car park areas for residents' parking.
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 Carlton House, Algers Road, Loughton
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