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See how verdicts work2-bedroom flat · IG3 8QQ
For saleReduced £5k (−2%) on 9 OctListed 243 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
McKenzie Homes are pleased to present this two-bedroom first floor flat situated on Wallington Road, Ilford, Essex, IG3 8QQ , offering modern and practical accommodation ideal for first-time buyers or investors The property comprises a bright open-plan living room , a fitted kitchen , two well-proportioned bedrooms , and a family bathroom , providing comfortable and well-balanced living space.
The flat is currently generating a rental income of £1,700 per month , making it an attractive buy-to-let investment , while also being suitable for owner-occupiers seeking a well-located home.
Conveniently located close to Seven Kings Park , the property benefits from excellent nearby green space and is also within easy reach of local shops, schools, and public transport links The property is offered with approximately 107 years remaining on the lease , with a service charge (including ground rent) of £822 per annum , keeping ongoing costs competitive.
Key Features Guide Price: £285,000 Ideal for first-time buyers or investors Two-bedroom first floor flat Open-plan living room Family bathroom Current rent: £1,700 per month Approx.
107 years remaining on lease Service charge (incl. Ground rent): £822 per annum Close to Seven Kings Park Close to shops, amenities & transport links
Value & comps
No previous sales on record.
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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 starting price
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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
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FAQ
About 43 First Floor Flat,, Wallington Road, Ilford
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