Opportunity to purchase a semi-detached house in Ilford generating £13,500 rent pa and a gross yield of 2.8%
£475,000
Semi-Detached House
VES-IG2-001
INITIAL INVESTMENT
£149,250
Based on
deposit: £118,750
stamp duty: £28,000
mortgage fees: £1,500
conveyancing fees: £1,000
GROSS RENT
£13,500
GROSS YIELD
2.8%
Long-term tenant
Tenants that stay for long periods feel they have a stake in the property and are more likely to treat it as though it was theirs.
Benefits include:
- Steady income
- Minimised wear and tear
- Fewer void periods
The property
TENANCY
Tenanted
TENURE
Freehold
3 bedrooms
2 bathrooms
1 reception room
1,111
Unfurnished
Property information
- Spread over 2 floors
- Open plan kitchen/dining area
- Kitchen opens up to the garden
- Comes with 2 x family-size bathrooms
- An extension was built by previous owners
- Current tenants have been living in the property for over 10 years
- Monthly rental income: £1,125
- Property is managed by the current landlord
- EPC rating D
- Council tax band D
Floorplans
Documents available on request, please contact for viewings or further questions.
The information relating to this property is supplied by the vendor and was the latest available information at the time of listing. Certain information may expire or become inaccurate over time.
Vesta makes no warranty as to the accuracy or completeness of the property listing or any associated information. All information should be reviewed by the purchaser and their solicitor.
About Ilford, Essex
Ilford is a town of the London Borough of Redbridge in the east of Greater London, and around 9 miles east of Charing Cross. The nearby A406 North Circular Road runs from Chiswick to Woolwich and connects various suburbs in the area including Ilford, Barking, Woodford, Finchley, Wembley and Ealing.
The town is in Travelcard Zone 4 and is served by Ilford railway station, which lies on the TfL Rail, going from London Liverpool Street to Shenfield. The station is also part of the Crossrail programme with planned trains getting into Liverpool Street in 17 minutes, Farringdon in 19 and Bond Street or Shenfield in 24 minutes.
The nearest tube stations are Gants Hill and Newbury Park, both are on the Central Line. Ilford town centre is home to a large retail area that includes the main shopping mall The Exchange Ilford. The Exchange Ilford is filled with various familiar high street brands and in the surrounding areas there’s a wide selection of restaurants and independent businesses.
This area is ideal for young families too with many “good” and “outstanding” primary and secondary schools such as Loxford, Christchurch, Seven Kings, Isaac Newton Academy and Chadwell Heath Academy amongst others.
Chiltern Road,
Ilford,
Greater London,
England,
IG2 7JR
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