Summary - 19, Westview Drive IG8 8LX
2 bed 1 bath Flat
Let property with immediate income and short-lease considerations for investors.
Assured shorthold tenancy producing £15,000 per annum
Approximately 597 sq ft; two bedrooms, reception, kitchen/diner, bathroom
Auction sale; guide price £90,000+ and sold with vacant legal pack available
Leasehold with only ~20 years unexpired—mortgage lending likely refused
Requires full refurbishment; EPC rating D and dated internal condition
Front garden; first-floor maisonette in 1930s mid-terrace building
Good transport links (Woodford Central line, M11) and local amenities
Sold subject to public notice/repossession; buyeri must inspect legal documents
A two-bedroom first-floor maisonette offered at auction in Woodford Green, currently let and producing £15,000 pa. The accommodation extends to about 597 sq ft and sits in a 1930s mid-terrace building with period character and double glazing. It includes a reception room, kitchen/diner, two bedrooms, bathroom and a front garden.
This property requires a program of refurbishment throughout and has an EPC rating of D. Critically, the lease has only around 20 years remaining; mortgage lenders will often refuse lending on flats with such a short lease and any buyer should budget for a significant lease-extension premium if they wish to secure long-term ownership.
The maisonette is sold subject to an Assured Shorthold Tenancy (tenant paying £1,250 pcm) so it may suit a cross-checked investor seeking immediate income at auction. Local transport links (Woodford Central line, M11) and nearby parks and schools add practical appeal, but the short lease and renovation costs are the primary constraints on value.
Interested buyers should review the legal pack carefully before bidding, understand the lease-extension process under Section 42, and factor in refurbishment, potential service/ground rents, and lender limitations when assessing affordability and exit options.
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