Excellent high yielding residential flat investment

A good sized second floor purpose built flat with 106 years remaining on the Lease. Larchwood House is a ten storey block in a residential area of Chigwell, just over a mile from Grange Hill and Hainault tube stations. Hainault Forest is very close by. The property benefits from UPVC windows and gas central heating. The flat is let on an AST expiring in August 2025 at a rent of £1,200 pcm giving a gross yield of 11% off the current guide price! Baywood Square benefits from residents parking permits.

Tenure

Leasehold. 125 years from 21/03/2005

Ground Floor

Communal secure entrance with entry system. Two passenger lifts give access to all floors

Second Floor

Personal Entrance Door, Entrance Hall 11'8" x 5'4" max Lounge 14'5" x 12'2" Terrace 14'5" x 3'4" Kitchen 10' x 8'4" Bedroom 13'9" x 9'3" Bathroom 6' x 6'

Council Tax Band

A

Lease Details

Term: 125 years from 21.03.2005 (106 years unexpired) Annual Service Charge: Please refer to legal pack Annual Ground Rent: £10.00

Viewings

Individual viewings can be arranged. Please call the Chelmsford Office to book an appointment.

Energy Efficiency Rating (EPC)

Current Rating C

Services

Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.

Local Authority

Redbridge London Borough Council

Solicitors

Ronald Fletcher Baker (Baker Street), Ref: Ali Chouhdry, Tel: 0207 467 5764

Additional Fees

Buyer's Premium - £1200 inc VAT payable on exchange of contracts.

Administration Charge - 0.3% inc VAT of the purchase price, subject to a minimum of £1200 inc VAT, payable on exchange of contracts.

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.