7 bedroom block of apartments for sale

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7 bedroom block of apartments for sale

Mansfield Road, Ilford, London, IG1
£860,000

Our Summary

  • Comprising 2 x 2-bedroom flats, 2 x 1-bedroom flats, and 1 studio apartment, this property delivers immediate rental income and long-term investment potential
  • Freehold Ownership * Full control over the property and income streams * No leasehold restrictions, ground rent, or service charges Flexible Unit Mix * Ability to rent individually or as part of a portfolio * One flat with private access allows potential for owner-occupation or premium rental ________________________________________ Summary 12-12A Mansfield Road represents a rare investment opportunity in a prime East London location
  • Scope to drive rental returns

Description

This is a rare investment opportunity in Ilford, East London, offering a 5-unit multi-residential property with immediate rental income and long-term potential. The property comprises 2 x 2-bedroom flats, 2 x 1-bedroom flats, and 1 studio apartment, with one flat having its own private front door, providing flexibility for future tenants or owner-occupation. With a current total rental income of £67,690 per annum, the property delivers a gross yield of 7.87% based on the asking price, making it a highly competitive return in a prime location. As a freehold property, the landlord has full control over the building and income streams, with no leasehold restrictions, ground rent, or service charges. The property is ideally suited for investors seeking high-yield, low-maintenance assets in a growing rental market.