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Block of flats

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Block of flats

Romford Road, London E12
£715,000

Our Summary

  • This property offers a unique and lucrative opportunity for investors seeking immediate returns and outstanding development potential in one of East London’s most vibrant locations
  • Equipped with a small kitchen and bathroom, ready for immediate occupancy with minimal work
  • Rental income is significantly below market rate, with a potential adjustment to £1,800 per month (£21,600 annually) based on current demand, offering a 50% uplift in returns
  • Includes a large private garden, ideal for development projects
  • Potential to increase yield further with shop lease activation and rent adjustments
  • Development Potential – Unlock Significant Value:
  • Historical trends in areas like Shoreditch demonstrate the potential for property prices to soar
  • Immediate Returns: Secure a rental income of £40,000 annually, with potential for further increases
  • Future Development: Build additional flats, expand vertically, and tap into the enormous potential of this site
  • With a combination of current income, value appreciation, and scalable development opportunities, 795 Romford Road offers a rare and compelling investment opportunity

Description

This property in East London's vibrant Romford Road offers a unique investment opportunity with immediate returns and outstanding development potential. The ground floor retail unit, formerly a hairdresser, is vacant and ready for lease or occupation, with a projected annual rental income of £24,000. The adjacent 2-bedroom flat is tenanted at a below-market rate, with potential to increase the rent by 50%, while the 3-bedroom flat above is on a 50-year lease, providing future value. The property also offers significant development potential, including the possibility of building two additional flats in the back garden or expanding vertically. With a current rental yield of 5.88% and potential to increase further, this property is an attractive investment opportunity, especially considering the area's growing popularity and potential for future appreciation.