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Block of flats
Romford Road, London E12
£715,000
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, providing immediate returns and outstanding development potential. The ground floor retail unit is vacant, allowing for flexibility to lease or operate a business, with a projected annual rental income of £24,000. The adjacent 2-bedroom flat is currently tenanted, but with potential to increase the rent, offering a 50% uplift in returns. The property also has development potential, with opportunities to build additional flats in the back garden or vertically above the existing top-floor flat, potentially increasing the annual rental returns to £100,000 or more. With a prime location in a rapidly growing area, this property is a must-have investment, offering immediate returns, turnkey opportunities, and scalable development potential, making it a rare and compelling investment opportunity.