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See how verdicts work2-bed flat + 3-bed flat · IG2 7AH
For saleListed 111 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Nestled on the charming Colenso Road in Ilford, this versatile property presents an excellent opportunity for both investors and families alike.
Currently configured as two separate flats, this three-bedroom house has been thoughtfully converted into a one-bedroom ground floor flat and a two-bedroom flat on the first floor.
The ground floor flat offers a comfortable living space, ideal for a single occupant or a couple, while the first-floor flat boasts ample room for a small family or those seeking additional space.
This dual configuration allows for a variety of living arrangements, whether you wish to maintain the current setup for rental income or revert the property back to a spacious family home.
The location is particularly appealing, with convenient access to local amenities, schools, and transport links, making it an ideal choice for those who value both comfort and convenience.
The potential to transform this property back into a single residence adds to its allure, providing flexibility to suit your lifestyle needs.
In summary, this property on Colenso Road is a unique offering that combines the benefits of dual living with the potential for future development.
Whether you are looking to invest or seeking a new family home, this house presents a promising opportunity in a desirable area. Ground Floor Flat Entrance On the ground floor.
Reception Room (4.53m into bay x 4.32m (14'10" into bay x 14'2")) Double glazed bay window to front. Radiator.
Kitchen (2.63m x 2.63m (8'7" x 8'7")) Double glazed window to rear Bedroom (3.67m x 3.43m (12'0" x 11'3")) Double glazed patio doors to garden. Radiator.
Ground Floor Shower Room (1.76m max x 2.62m max (5'9" max x 8'7" max)) Walk-in shower unit. Low level toilet. Wash hand basin. First Floor Flat Entrance Stairs to the first floor.
Reception Room (4.53m into bay x 3.38m (14'10" into bay x 11'1")) Double glazed bay window to front. Radiator.
Kitchen (2.63m x 1.95 (8'7" x 6'4")) Double glazed window to rear Bedroom One (3.68m x 3.21m max (12'0" x 10'6" max)) Double glazed window to garden. Radiator.
Bedroom Two (2.66m x 2.44m (8'8" x 8'0")) Double glazed window to front. Radiator. First Floor Bathroom (1.69m x 1.61m (5'6" x 5'3")) Panel bath. Low level Toilet. Wash hand basin.
Double glazed to rear. Exterior Front off street parking for one car. Rear mainly laid lawn. Agents Note No service or appliances have been tested by Sandra Davidson Estate Agents.
Value & comps
No previous sales on record.
Returns
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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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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
Agent & docs
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FAQ
About 56, Colenso Road, Ilford
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