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Flat
Hampton Road, Ilford IG1
£1,350,000
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Our Summary
- Potential for future asset management / value uplift
- We are pleased to present this excellent freehold investment opportunity comprising a block of five self-contained flats located on Hampton Road, Ilford (IG1)
- 1% HMO licence in place Self-contained units throughout Strong rental demand location Potential for future asset management / value uplift Location Situated in the popular IG1 postcode within the London Borough of Redbridge, the property benefits from excellent transport links, including: Close proximity to Ilford Station (Elizabeth Line) Direct access into Central London Walking distance to local shops, amenities, and transport links Investment Overview Total Monthly Income: £7,800 Total Annual Income: £93,600 Guide Price: £1,325,000 Estimated Yield: Approx
- 1% Additional Potential There is scope (subject to planning and legal structuring) to sell units individually, which could enhance overall value
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Description
The property is a freehold block of 5 self-contained flats, consisting of 3 one-bedroom flats and 2 two-bedroom flats, all of which are fully let and generating a rental income of £93,600 per annum. The property features a gross yield of approximately 7.1% and a HMO licence is in place. Each unit is self-contained with a strong rental demand in the location, which benefits from excellent transport links and proximity to Ilford Station, Central London, and local shops and amenities.