1-bedroom flat · IG6 1FY
Listing removedListed 246 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Larger than usual one bedroom apartment with private patio and direct access to communal garden.
Situated in the beautiful Barnardo?s Garden Village development, just a stone?s throw from Barkingside High Street, Barkingside Underground Station (Central Line) and Fairlop Waters Country Park.
Full Description On a quiet cul de sac street offered chain free, the apartment is conveniently located on the ground floor with secure access through communal entrance, shared with just 5 other apartments.
Accommodation comprises of large open plan kitchen/living area, with direct access to your private patio and communal garden. Plenty of space to lounge, dine and entertain.
Kitchen has a modern finish with integrated appliances. Spacious bedroom overlooking the garden with large built in wardrobe. Modern three piece bathroom suite.
Both laundry cupboard with washer/dryer and additional storage cupboard are conveniently located in the hallway. The property offers a bright and airy feel throughout with a high end finish.
Luxury Vinyl Tile flooring, Scandinavian ‘Rationel’ double glazed windows and doors, bosch oven and hob are just a few of the names for the finishing touches.
One private allocated parking space is offered with this property. As part of an extremely rare scheme, the developer Barnardo’s, offered a 25% discount for purchasers within this building.
This is not a shared equity property, but you only pay 75% of the purchase price. Full price £320,000 (75% £240,000). 116 year lease Ground rent £225 per annum / service charge circa £1500 per year.
Value & comps
No previous sales on record.
Returns
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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
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About Flat 2, Athlone House, Ilford
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