Ilford, IG2 7JR | Investment Property for Sale | VES-IG2-001

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

£221,400

GROSS RENT / YIELD

£13,500 / 2.8%

NET RENT / YIELD

£10,369 / 2.2%

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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

1 bathroom

2 reception rooms

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

Floorplans

Documents available on request, please contact for viewings or further questions.

The information relating to the property is supplied by the vendor and the latest available at the date of listing.

Certain information may expire or become inaccurate over time and should be verified by the purchaser’s solicitor.

Financials

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Rental Income

GROSS RENT PER ANNUM

£13,500

Equivalent of £1,125 per calendar month (PCM).

GROSS RENTAL YIELD

2.8%

Gross rent per annum divided by the purchase price.

NET RENT PER ANNUM

£10,369

Gross rent per annum minus fully managed operating costs.

NET RENTAL YIELD

2.2%

Gross rent per annum minus fully managed operating costs divided by the purchase price.

FULLY MANAGED OPERATING COSTS

£3,131

The total estimated sum of expenses calculated annually assuming a fully managed service.

Click to understand assumptions.

Profit & Growth

Disclaimer

All financial information is provided as a guideline only, is based on estimates and assumptions and is subject to change. Buyers are advised to seek independent financial advice. Capital at risk.

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

What makes us different?

Vesta’s sole purpose is to make buying and selling rental property easy for both landlords and tenants.

Benefits include:

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  • Huge choice for all budgets
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Questions?

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Important Note

All information contained in this website is provided as a guideline only, is based on estimates and assumptions, may not be accurate or complete, and is subject to change. We make no representations or warranties with regards to this information, expressed or otherwise. A buyer who relies on such information does so at their own risk. Buyers are advised to seek independent financial advice and should undertake their own due diligence.

Your capital is at risk. Property values may decline and the property might not be able to be rented at amounts sufficient to cover debt interest costs, operating expenses and liabilities, and might not result in a positive cash flow. Property is an illiquid asset and should not be viewed as a short-term investment.

In no event will we be liable for any loss or damage, including without limitation any loss or damage arising directly or indirectly out of or in connection with the use of this website and the information contained therein.

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