Leytonstone/Wanstead

Property Description

14 Bedroom(s) | 14 Bathroom(s) | 8 Reception(s)

Freehold investment comprising eight apartments (Offers in the region of £3,000,000).

Available in an SPV, reducing stamp duty liability from £423,750 down to just £15,000.

Description: A substantial Victorian period property positioned opposite Hollow Ponds and Epping Forest. Formerly used as a B&B with individual rooms, the property was comprehensively converted in 2011 into eight self-contained apartments, comprising five two-bedroom flats and three one-bedroom flats.

The property is fully occupied, with the current owner having maintained rents at modest levels. There is clear scope to enhance the total rental income by approximately 10%-20%. The building also presents strong potential for capital growth, given its location and continued regeneration in the surrounding area.

Rent schedule, with an ERV and breakdown value available upon request.

These particulars have been prepared in good faith to give a fair overall view of the property; they do not constitute an offer and will not form part of any contract. We make no representation about the conditions of the property nor that any services or appliances are in good working order; this should be checked by your surveyor. Furthermore, you should not assume that any items or features referred to in these particulars or shown in the photographs are included in the sale price. Your solicitor should check this as part of the normal conveyancing process.