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1 bedroom flat for sale
Mansfield Road, Ilford, London, IG1
£250,000
Mansfield Road, Ilford, London, IG1
£250,000
Our Summary
- Buy-To-Let Investment Opportunity
Description
This one-bedroom, one-bathroom flat is a turnkey investment opportunity in Ilford, Essex, located just a 5-10 minute walk from Ilford Station with direct services to London Liverpool Street and now benefiting from Elizabeth Line connectivity. The property is part of a well-maintained period conversion and features a spacious lounge area, double bedroom, modern fitted bathroom, and bright kitchen with integrated appliances. The current tenant is in situ since April 2024 and has a new fixed-term agreement until March 2025, generating £15,000 per annum in rent. With a lease that expires in 2176, this property offers a long-term investment with a gross yield of 6.0%. The area is popular among professionals, students, and airport workers, and the property benefits from low ground rent and expected low service charges, making it an attractive investment opportunity.