2-bedroom flat · IG1 4BG
For saleListed 48 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Guide Price: £300,000 - £315,000. This two-bedroom flat is offered for sale in immaculate condition and is likely to appeal to first-time buyers and investors.
The property provides one reception room, a kitchen and a bathroom, offering a practical layout for everyday living.
Located in Ilford, the flat benefits from good access to local amenities, including shops, cafés and services in and around Ilford town centre and the Exchange Ilford shopping centre.
There are several green spaces nearby, such as Valentine’s Park, providing walking routes, sports facilities and children’s play areas.
The area is well served by schools, with a range of primary and secondary options within the wider Ilford locality, making the flat suitable for buyers who prioritise access to education.
Public transport connections are a key feature of this location.
Ilford station (Elizabeth line) provides services into Stratford in around 10 minutes and Liverpool Street in approximately 20 minutes, with onward links across central London.
Local bus routes run along nearby main roads, connecting to surrounding districts. The property has an EPC rating of C, indicating a reasonable level of energy efficiency.
Overall, this flat presents a straightforward, well-located option for buyers seeking a two-bedroom home in Ilford.
Term of Lease - 999 years from 29 September 1968 (approximately 941 years remaining ). We have been advised by our vendor that the service charge is £0pa and Ground rent is £20pa.
Prospective purchasers are advised to verify these details via their legal representative.
London Borough of Redbridge: Tax Band B – £1,784.67 per annum (2026/2027) Bedroom (3.96m x 3.53m) Bedroom (3.56m x 3.40m) Reception (3.91m x 2.84m) Kitchen (2.84m x 2.13m) Disclaimer Purchasers are advised to obtain independent legal advice regarding planning, building regulations, alterations, tenure, lease information (where applicable), fixtures and fittings, and all aspects of the property.
Payne & Co have not tested appliances, services or systems. Measurements are approximate, floor plans are for guidance only and photographs provide a general impression.
Aml checks are required for all buyers and sellers in accordance with hmrc regulations and are securely carried out by Coadjute.
Following acceptance of an offer, buyers will receive a link to complete biometric identity verification.
A non-refundable fee of £54 (including VAT) per person is payable directly to Coadjute before a Memorandum of Sale can be issued.
Payne & Co may introduce third-party providers and may receive a referral fee if you choose to proceed. You are under no obligation to use these services.
For further information, please contact Payne & Co.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
Short-let restrictions apply
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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
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FAQ
About 61 Ley Street, Ilford
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