Guide Price £150,000–£160,000
CHAIN FREE – IDEAL FIRST-TIME PURCHASE OR BUY-TO-LET INVESTMENT – ONE-BEDROOM HOME – ESTIMATED RENTAL INCOME £1,000–£1,050 PCM – WHITE GOODS INCLUDED – CURRENT EICR – UPDATED BATHROOM WITH QUALITY ELECTRIC SHOWER – ELECTRIC HEATING – APPROXIMATELY 81 YEARS REMAINING ON LEASE – EXCELLENT ACCESS TO HARLOW TOWN STATION, HOSPITAL & TOWN CENTRE
Leaders are pleased to offer to the market on a chain-free basis this well-proportioned one-bedroom property situated within the established and conveniently located Hornbeams area of Harlow.
Offered at a Guide Price of £150,000–£160,000, we believe the property represents an excellent opportunity for a first-time buyer looking for an affordable first step onto the property ladder, while equally offering an attractive proposition for a buy-to-let investor looking for an established rental property with further potential.
A Location with Investment Potential
The Hornbeams occupies what we like to describe as Harlow's "investment triangle", conveniently positioned between Harlow Town railway station, Princess Alexandra Hospital and Harlow town centre.
This puts employment, shopping, transport connections and everyday amenities within easy reach and has helped make this established residential neighbourhood popular with both owner-occupiers and tenants.
The location is becoming increasingly interesting for buyers given the major regeneration taking place across Harlow town centre, with an investment programme of approximately £80 million helping to transform key areas of the town. The regeneration includes new and improved public spaces, retail, leisure and hospitality facilities, alongside improvements to the town's transport infrastructure.
The property also provides convenient access to Edinburgh Way, one of Harlow's principal commercial and retail areas, where a major new 50,000 sq ft Marks & Spencer food and fashion store is planned to open in 2027.
For commuters, Harlow Town railway station provides excellent connections, including regular services towards London Liverpool Street and Stratford, together with services north towards Cambridge, making the location particularly convenient for those travelling into London or further afield.
The Property
Having previously been used as a rental property, the accommodation is presented in average condition with scope for cosmetic updating and improvement.
For a first-time buyer, this creates an opportunity to purchase at an accessible price point and gradually personalise and improve the property, rather than paying a premium for somebody else's refurbishment.
For an investor, there is the benefit of acquiring a property with an established rental history in a location that continues to attract tenants.
The property has a current EICR certificate, benefits from electric heating, and the existing white goods are included within the sale. This is particularly useful for a first-time buyer setting up their first home and equally beneficial to an investor preparing the property for its next tenancy.
The anticipated rental value is approximately £1,000–£1,050 per calendar month, subject to market conditions and the usual checks.
Accommodation
For individual room dimensions, please refer to the accompanying floor plan.
The lounge provides a comfortable main living space with room for seating and entertainment furniture. Natural light is provided by the double-glazed window, while the flooring offers a practical finish.
The kitchen provides a range of fitted wall and base units with work surfaces, tiled splashbacks and stainless-steel sink and drainer. There is space for appliances, with the existing white goods included within the sale. Although perfectly functional, the kitchen also provides an incoming purchaser with the opportunity to modernise to their own taste in the future.
The bedroom is a good-sized double room, comfortably providing space for a double bed together with associated bedroom furniture. It benefits from a double-glazed window overlooking the outside, wooden flooring and a ceiling light point.
The bathroom has been more recently updated and is one of the property's stronger features. It is fitted with a modern white suite comprising bath, wash hand basin and WC, together with a good-quality electric shower, which is not immediately visible within the marketing photographs.
Additional Benefits
For a first-time buyer, the combination of the competitive guide price, no onward chain, included white goods and manageable one-bedroom accommodation makes this an excellent opportunity to get onto the property ladder. The property can be occupied while improvements are carried out gradually, allowing a new owner to create a home to their own taste.
For an investor, the established rental history, current EICR, anticipated rental income of £1,000–£1,050 pcm and location between the station, hospital and town centre make this an interesting proposition for either a first investment or an addition to an existing portfolio.
With the wider regeneration of Harlow, major investment in the town centre and further development along Edinburgh Way, the property also offers buyers the opportunity to purchase within an area undergoing significant change and investment.
Offered chain free and appealing equally to first-time buyers and investors, early viewing is strongly recommended to appreciate the size, location, affordability and future potential on offer.
Property Information
Tenure: Leasehold
Lease Remaining: Approximately 81 years
Service & Maintenance Charge: £66 per calendar month
Ground Rent: £10 per annum
Council Tax Band: B
Heating: Electric heating
EICR: Current certificate in place
White Goods: Included within the sale
Onward Chain: Chain Free
Estimated Rental Value: £1,000–£1,050 per calendar month
Guide Price: £150,000–£160,000
All leasehold information has been supplied by the seller and should be verified by the purchaser's solicitor prior to exchange of contracts.
