Summary - ASHTREE COURT FLAT 11 HORSESHOE CLOSE WALTHAM ABBEY EN9 3LZ
2 bed 1 bath Flat
Chain-free buy-to-let with immediate rental income and modest uplift potential.
Tenant in situ generating £1,400pcm — immediate rental income
Chain free sale — no onward chain delay
First-floor flat with juliet balcony and open-plan lounge
89 years remaining on lease — limited for some lenders
Service charge approximately £1,844 per year
Electric room heaters; no gas central heating installed
Local crime rates above average — consider impact on demand
Average broadband speeds; excellent mobile signal
A ready-made buy-to-let in a sought-after Waltham Abbey development, offered chain free with a tenant in situ paying £1,400pcm. The first-floor layout provides a bright open-plan lounge with juliet balcony, two generous bedrooms and a compact fitted kitchen, all across about 636 sq ft.
The current income and location make this attractive for investors seeking immediate rental return. Service charge and council tax are reasonable for the development, and the property sits in a quiet cul-de-sac close to good-rated primary and secondary schools, enhancing long-term letting appeal.
Be clear about the material considerations: the lease has 89 years remaining and the property uses electric room heaters rather than gas central heating. Service charges average £1,844 per year and local crime rates are above average — factors that will affect long-term resale and financing options for some buyers.
Overall this is a straightforward, low-maintenance investment with immediate income and scope for modest enhancement. Buyers should check leasehold lender criteria, factor in service charges and consider heating upgrade costs when assessing yield and total return.
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