2-bedroom flat · IG1 3EF
Sold STCReduced £15k (−5.5%) on 13 JunListed 336 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
For sale is this two-bedroom first-floor flat situated off The Drive and Wanstead Park Road in North Ilford. The property offers a lounge/diner, a separate kitchen, and two bedrooms.
The seller advises that the property will be sold with a new lease of over 900+ years, a share of the freehold, and a parking space for one car.
The location provides good access to local schools and amenities. Valentines Park, a popular spot with open spaces and walking routes, is nearby.
Ilford High Street, offering a range of shops, restaurants, and cafés, is within easy reach.
Public transport links include Ilford Station, which connects to London Liverpool Street in approximately 20 minutes and Stratford in around 12 minutes via the Elizabeth line, aiding commutes into central London.
Bus services along The Drive and Cranbrook Road provide convenient options for local travel.
This flat would suit first-time buyers or investors seeking a well-located property with excellent access to Ilford’s facilities.
Additional Note: If you are interested in purchasing both flats together as a freehold investment, the combined asking price is Guide Price £575,000 – £600,000 .
EPC Rating: D Reception Room 3.2m x 3.4m Bedroom One 3.4m x 3.33m Bedroom Two 1.88m x 3.4m Kitchen/Diner 3.25m x 4.14m Parking - Off street Disclaimer A private rental licensing scheme applies to some properties in this area, please contact us before proceeding.
Legal advice should be taken to verify fixtures/fittings, planning, alterations and/or lease details. Appliances & services are untested, dimensions are approximate, and floor plans are not to scale.
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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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FAQ
About De Vere Gardens, Ilford, IG1
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