Offers over

£285,000

(£609/sq. ft)

1 bed flat for sale
Heyworth Road, Stratford E15

    • 1 bed

    • 1 bath

    • 1 reception

    • 468 sq. ft

  • EPC Rating: D

  • Chain free
  • Share of Freehold

Added on

Portico - Ilford

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About this property

  • Ground floor one-bedroom garden flat

  • No Chain

  • Private rear garden

  • Share of freehold

  • Approx. £16,000 p.a. Current rental potential/income

  • Upper flat also available – approx. £32,000 p.a. Combined

  • Potential to combine both flats into one house, subject to consents

  • Same ownership for approximately 25 years

  • Excellent Stratford / Maryland transport links

A rare opportunity to acquire this ground floor one-bedroom garden flat in a well-established residential pocket of Stratford. Offering approximately 468 sq ft, a private rear garden and a share of freehold, the property works equally well as a first purchase, buy-to-let investment or part of a wider acquisition alongside the upper flat.

Internally, the apartment offers a bright open-plan kitchen / reception room, creating a sociable and practical living space with room for dining. The kitchen is well arranged with good storage and preparation space, while the double bedroom is comfortably proportioned. A bathroom completes the accommodation.

One of the property’s strongest features is the private rear garden, providing valuable outside space that is increasingly difficult to find with flats in this part of East London. It gives the home a very different feel from a conventional apartment and offers plenty of space for relaxing, entertaining or alfresco dining.

Investment & Future Potential

The flat is currently capable of generating approximately £16,000 per annum in rental income. Importantly, the upstairs flat is also being offered for sale, giving investors the opportunity to acquire both properties, with a combined rental income of approximately £32,000 per annum based on the current figures provided.

For an owner-occupier or developer, purchasing both flats could also create the opportunity to reconfigure the building back into a single house, subject to the necessary permissions and consents. Both properties have remained under the same ownership for approximately 25 years, making the joint purchase opportunity particularly interesting.

The property also benefits from a share of freehold, with the current records showing a very long underlying lease.

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More information

  • Tenure

    Share of freehold

  • Service charge

  • Council tax band

    B

  • Commonhold details

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Property descriptions and related information displayed on this page are marketing materials provided by - Portico - Ilford. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Portico - Ilford for full details and further information.