Summary - PARAMOUNT HOUSE, 362 FLAT 1 HIGH ROAD LEYTONSTONE LONDON E11 3JS
1 bed 1 bath Flat
Affordable auction opportunity for DIY buyers or buy-to-let investors close to the Central Line.
Purpose-built one-bedroom flat, c.447 sq ft
Sold at auction — reservation fee 4.5% (min £6,600)
Leasehold with c.84 years remaining
Service charge approx. £1,000; ground rent £75 p.a.
Requires renovation to kitchen and bathroom
Electric storage heating; EPC rating D
High-crime area; neighbourhood classed as deprived
Excellent transport links (Central Line nearby)
A one-bedroom purpose-built flat on Leyton High Road, offered at auction, suits first-time buyers or investors seeking value-added potential. The apartment measures approximately 447 sq ft and sits in a low-rise brick block built in the early 1990s; double glazing and communal grounds are in place. The living room and bedroom receive good natural light and the layout provides a straightforward refurbishment project to modernise kitchen and bathroom fittings.
Important practical details reflect the investment picture: leasehold with about 84 years remaining, an indicative service charge of around £1,000, and an annual ground rent of £75. Heating is via electric storage heaters and the EPC is D, so buyers should budget for energy and comfort upgrades. The area is busy and classified as deprived with higher crime statistics; nearby transport (Central Line at Leyton) and a wide range of local amenities support rental demand and convenience.
This lot will be sold at auction. A non-refundable Reservation Fee of 4.5% of the purchase price (minimum £6,600 including VAT) is payable to reserve the property during the Reservation Period and is additional to the bid price. Optional post-sale services may be offered for which providers may pay referral fees (up to £450). Factor these costs and the renovation scope into any offer.
For buyers prepared to refurbish, the flat offers a solid base to create a contemporary one-bed home or a lettable investment close to stations and local shops. If you need a low-maintenance turnkey property or a long residential lease, note the mid-length lease and required updates before proceeding.
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