2-bedroom flat · IG11 8PG
For saleReduced £20k (−7.7%) on 28 AugListed 111 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
• two bedroom • one bathroom • forth floor flat with lift • good condition • close to shops & amenities • 0.3 miles to barking station • service charge: £2500 per annum • ground rent: £400 per annum • council tax band: C Entrance Hall 18'9'x3'4 Smooth ceiling, doors to accommodation, radiator, intercom system.
Living Room/Kitchen 18'8x14'6 Smooth ceiling, double glazed window to front, radiator, lino flooring, a range of eye and base level units, four ring gas hob, inset spot lights, integrated fridge freezer, washing machine, integrated oven, sink drainer unit, extractor fan, Valliant combi boiler, water heater.
Bedroom One 11'3x11'3 Smooth ceiling, double glazed window to side, radiator, fitted wardrobes. Bedroom Two 11'6x11'4 Smooth ceiling, radiator, triple glazed window to front.
Bathroom 8'1x5'2 Smooth ceiling with inset spot lights, obscure double glazed window to side, radiator, sink, panelled bath, low level wc, part tiled walls, extractor fan.
Buyers Information Pack Please see below a link to the Buyers Information Pack / ta Forms:https://res.gazeal.co.uk/#/bip-docs?appuid= a2fd3b2a
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
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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 16O, Pickering Road, Barking
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