Summary - 60A PROSPECT ROAD, WOODFORD GREEN IG8 7NA
1 bed 1 bath Apartment
One-bedroom property with parking, long lease and conversion potential near the station.
Chain-free with share of freehold and 933 years remaining
This chain-free, mid-floor one-bedroom flat in Woodford Green offers a long lease and immediate rental or resale potential. The property comes with a share of the freehold and 933 years remaining, reducing long-term leasehold risk and supporting mortgageability.
The layout includes a generous open-plan living and dining area, a large light-filled bedroom, a well-maintained kitchen and a bathroom with a P-shaped bath. Off-street parking is included and a garage is available to purchase separately, useful for added income or secure storage.
Two neighbouring flats in the block have converted from one to two bedrooms, so a similar reconfiguration may be possible (subject to planning permission). This creates clear potential to increase rental yield or achieve a higher resale value for a buyer prepared to apply for STPP and carry out works.
Notable practical points: the building dates from the 1950s–60s and external walls are solid brick with no confirmed insulation, so energy upgrades could be needed to improve efficiency. Service charges average £1,565 per year. Buyers should factor in planning risk for conversion and typical refurbishment costs if changing the layout or upgrading insulation and heating.
Positioned about a five-minute walk from Woodford Central Line Station and close to shops, cafes and schools, the flat suits investors seeking steady rental demand or buyers wanting a commuter base with scope to add value. Broadband and mobile signal are strong and local crime levels are low, supporting easy lets and comfortable occupancy.
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