2 bed apartment to buy in IG7

Baywood Square, Chigwell, Essex, IG7 4AY

Brochure

Starting Bid
£160,000

Bedrooms: x 2

Bathrooms: x 1

Receptions: x 1

Tenure: Leasehold

Key Information

Council tax: Band A
EPC rating: C
Heating supply: Electric
Electricity: National Grid
Mobile signal: Good
Parking: Allocated

Property features

Immediate ‘exchange of contracts’ available
Being sold via ‘Secure Sale’

2 bed apartment to buy in IG7

Welcome to Baywood Square in the sought-after area of Chigwell! This charming property offers a fantastic opportunity for those looking to invest in a renovation project and good yield. With 1 reception room, 2 bedrooms, and 1 bathroom spread across 608 sq ft, this home provides a cozy and manageable space to make your own.

Situated in a desirable location, this property boasts a lease remaining for 84 years, making it an attractive option for those seeking a long-term investment. The EPC rating of C ensures that the property is energy efficient, saving you money on utility bills in the long run.

Priced accordingly for a renovation project, this home presents the perfect canvas for you to unleash your creativity and design flair. With the potential for a 7%-9% yield, this property not only offers a chance for personalization but also promises a lucrative return on investment.

Don't miss out on this opportunity to own a piece of Chigwell and turn this property into the home of your dreams. Contact us today to arrange a viewing and start envisioning the endless possibilities that this property holds for you!

Remaining lease of 83 years (renewable)
Ground rent £10 per annum
Service charge £2,016 (2025-2026)
Building Insurance £530.70

Open map Street view

Heating supply: Electric
Electricity supply: National Grid
Water supply: Direct mains water
Sewerage supply: Standard UK domestic
Air conditioning: No
Mobile signal: Good

Construction

Construction materials: Brick and block
Roofing types: Flat

Building Safety

Known issues: None of the above
Property at particular risk of floods and/or erosion: No
Has flooded in last five years: No
Has flood defences: No
Has planning permission or proposals for development that will affect property: No
Is on a coalfield or mining area: No

Rights and Restrictions

Is listed building: No
Is conservation area: No
Has accessibility adaptations: No
Has restrictions: No
Has required access (easements, servitude or wayleaves): Yes

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These results are for a repayment mortgage and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

Stamp Duty Land Tax rates are based on UK government guidelines and are subject to change. This calculator is for guidance only. Please consult a qualified professional for advice on your specific circumstances.