1 Bed Flat For Sale

23 Pear Tree Court, Churchfields, South Woodford, E18 2TL

Exceptional Buy-to-Let Investment in Prime South Woodford

Investment Summary

Asking Price: £280,000

Tenure: Leasehold (172 years remaining - no ground rent)

EPC Rating: C

Service Charge: £1,011 per annum

Current Rent: £1,300 pcm (rolling tenancy)

Potential Rent: £1,450-£1,500 pcm

Yield (Current): 5.6%

Yield (Potential): 6.2%

Mortgage Valuation (2020): £290,000

Property Overview

A beautifully presented one-bedroom top-floor flat in the sought-after Pear Tree Court development, South Woodford. Set within well-maintained communal grounds, this second-floor apartment benefits from:



A private balcony with elevated views

Bright and spacious open-plan living area

Modern kitchen and bathroom

Communal car park for residents

Located in the desirable Churchfields catchment area

The property is currently let to reliable tenants who have occupied the flat for over 2.5 years with no issues, providing immediate income stability. The tenancy is rolling, giving flexibility for investors seeking either continued rental income or vacant possession in the near term.



The Lease Advantage



Unlike many other flats in the development, this property boasts a 172-year extended lease - a significant long-term financial benefit.



No ground rent is payable, removing future cost liabilities.



Many comparable sales in Pear Tree Court have shorter leases, often requiring expensive extensions that can cost tens of thousands of pounds.



This long lease makes the flat mortgage-friendly for all major lenders and enhances resale value.

Rental Market Performance.



Recent listings in the same development are achieving £1,450-£1,500 pcm, with one comparable flat recently marketed for £150 pcm higher despite being in inferior condition.



Let Pure Lettings Take The Strain.....

We offer a comprehensive lettings and property management service, ensuring our landlords benefit from a single point of contact for their entire portfolio. From London to Lancaster, from Cardiff to Colchester, we offer a fully managed service for landlords looking to minimise costs and maximise efficiency across their portfolio.



Fully managed lettings and property management service



Comprehensive coverage throughout England and Wales



One team, one fee across your full portfolio



Rental income protection available



Transfer your existing properties quickly and easily



If you would like to find out more about our lettings and property management service, or would like to find out how much we can save you each month, why not contact our team today on Tel: to find out more