Summary - 632, Chigwell Road,WOODFORD GREEN,IG8 8AF IG8 8AF
1 bed 1 bath Retail Property (high street)
Income-producing retail and residential asset with front parking and rental upside.
- Freehold mixed-use retail with self-contained flat above
A rare freehold mixed-use investment on Chigwell Road, offering a Victorian-style high street shop with a self-contained flat above and kerbside parking for two cars. The ground-floor tenant runs a dry cleaning business; the vendor will top up the shop rent to £21,000 per annum to 28 September 2030, providing immediate income certainty. The upper accommodation is a self-contained flat (sold as a 2-bedroom in the sales particulars) with rear access; a market rent of £1,700 pcm (£20,400 pa) is considered achievable, producing a potential combined income of £41,400 per annum. The sale is VAT free and the property is not opted to tax.
The building extends to approximately 1,645 sq ft across multiple storeys and sits within a busy local parade between Charlie Brown Roundabout and Woodford Bridge, an area popular with commuters and young families. Local amenities and several well-rated primary and secondary schools are close by, supporting tenant demand for residential accommodation above the shop. Broadband and mobile connectivity are strong and there is no flood risk recorded for the site.
Buyers should note material facts plainly: the flat is currently underlet (tenancy status should be confirmed), and the location records above-average crime levels, which can impact both retail footfall and rental perception. The vendor’s rent support for the shop is time-limited to 2030; future rental levels for the shop and flat are not guaranteed and will depend on market conditions. Prospective purchasers should verify tenancy agreements, service and repair history, and any required obligations for the mixed-use building before exchange.
This property suits investors seeking an income-producing, VAT-free freehold in an established suburban parade with parking and rental upside potential. It presents straightforward ownership and immediate income, with clear items to investigate during due diligence to confirm long-term yield and management costs.
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