1-bedroom house · IG11 8JZ
Listing removedListed 239 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
*** early viewings recommeneded *** *** leasehold // vacant *** Great purchase for investors & 1st time buyers!
McDowalls are pleased to present this newly decorated one bedroom flat, ideally located on Gurney Close just off the A124 (Northern Relief Road).
The property has recently benefited from refurbishment to the kitchen and bathroom, along with brand-new carpets throughout, giving the accommodation a fresh and modern feel.
Further benefits include a bright and spacious living room and a well proportioned double bedroom. The property has easy access to the A406 and A13 for commutes.
Gurney Close is within walking distance of Barking Town Centre and Barking Station (District and Hammersmith & City Line - Zone 4) and only a few minutes from many bus routes.
Tenure - Leasehold Lease - 147 Years (26/11/2013 - 28/09/2173) Ground rent - peppercorn Service charge - £1500pa Mains services - Electric/Water Council - Barking & Dagenham Council tax - Band B (£ 1,631 pa) EPC - Band D (Expires Sept 2030)
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
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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 198, Gurney Close, Barking
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