2-bedroom flat · IG3 8TR
To rentListed 88 days · slow let
Opportunity summary
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About
Description This 2-bedroom flat is located in outskirts of Ilford in Goodmayes, it's a quiet area still within walking distance to local shops and restaurants and is only moments away from the station, allowing for a quick and easy commute.
The reception room is extremely spacious, with 2 large windows and a window cove, making the room very light and airy.
It could house a large sofa set along with a coffee table and other items of furniture to build the ideal living area. It is decorated with wooden flooring and painted walls, giving it a modern look.
The kitchen has tiled flooring, along with a mix of painted and tiled walls. The countertops are granite, with an off-white finishing on the cupboards and drawers.
There is plenty of storage space and it comes with appliances such as an oven with a gas stove top cooker.
The bathroom is tiled floor to ceiling, it consists of a 3-piece family set of a bath with a shower attached, a sink and toilet.
The first bedroom is extremely spacious, decorated with wooden flooring and newly painted walls giving it a modern feel.
There is a large window and cove, giving more floor space and making the room very light and airy.
The room is large enough to house a double or king-sized bed, along with other desirable pieces of furniture that will make up the perfect bedroom.
The second bedroom also has wooden flooring and painted walls, it is slightly smaller however is still very spacious.
It has enough room to house a double bed with left over space for a wardrobe, chest of drawers or other items of furniture.
Tesco Extra 0.5 mile aldi 0.3 mile Goodmayes Station 0.3 mile Chadwell Heath Station 1.3 miles Goodmayes Primary School 0.7 mile Barking Abbey School 2 miles Council Tax Band: C Deposit: £2,423.07 Holding Deposit: £484.61
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
FAQ
About Flat 3, 20 Wellwood Road, Essex
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