Mount Pleasant, Ilford, IG1 2SQ

Studio flat · IG1 2SQ

431 sq ft1 bathGuide price 190,000 - 200,000 · Gas central heating & double glazed · Well presented

Asking

£190,000

For saleListed 551 days

Chain Free

Investor metrics

HMO Article 4 Direction AreaLondon Borough of Redbridge city-wide Article 4 (HMO), The London Borough of Redbridge Houses in Multiple Occupation Article 4 Direction 2018 · C3 → C4 HMO conversion requires planning permission here

Opportunity summary

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About

The property

Detailed Description This amazing studio on the second floor ticks all the boxes and being offered chain free.

There is a spacious lounge with big windows and a double door to the Juliet balcony which allow a lot of light into the room you could add a fireplace in the chimney breast which is lovely for those cosy nights in.

The kitchen and the bathroom is spotless, with flats like these you have plenty of storage space and this is no exception. The neutral colours and spacious rooms makes this flat a perfect home.

The property is in a great location, located walking distance to the heart of Ilford. It also offers double glazed windows and gas central heating throughout.

With shops and transport links easily accessible this property has plenty to offer.

Chain Free

Key information

Price per Square Foot

£441/sq ft

Based on 431 sq ft (40 sq m)

Floor Area

431 sq ft (40 sq m)

Tenure

Leasehold (120 years)

Local Authority

Redbridge London Boro

London Borough

County

Greater London Authority

Property features

Guide price 190,000 - 200,000
Gas central heating & double glazed
Well presented
No onward chain
Juliet balcony
Easy reach of barking & ilford station
Second floor
120 year lease
Tenure: Leasehold

Value & comps

What is it worth?

No previous sales on record.

Comparable salesNo comps yet

No comparable sales matched this property yet.

Returns

What does it return?

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Rent evidence

Rental benchmark

Nearby rental comparables

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Local SA Market

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Archie refurb estimate: a Pro feature

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0.0% below asking

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Investment Disclaimer

This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.

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 advisors before making any investment decisions.

Past performance does not guarantee future results. Tax implications vary by individual circumstances.

Mortgage

Deal

Is it a deal?

Archie’s verdict

Archie has scored this property.

Deal score · weighted

Weak signals — move on

Factor breakdown

BMV discountNot calculated, and not zero — there is no value estimate for this property to discount against.

0/25

Yield potential—

0/25

Motivation signalsNot enough data

0/25

Days on market551 days · price-fatigue

25/25

—

Seller motivation

Not scored yet

Days on market551

Price reduction—

STC fall-through—

Back to market—

Agency change—

EPC rating—

Listing timeline

First listedListed at £190,00016-04-2025

Still activeDay 551 on marketToday

Strategy fit

No strategy scores available yet.

HMO Conversion Potential

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.

Tier, yield projection, and cost stack — Pro tier only.

PD Conversion Potential

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.

Tier, route, yield projection, and cost stack - Pro tier only.

BRRR Candidate

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.

Tier, refurb cost, ARV, and refi maths - Pro tier only.

Plot subdivision potential

Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.

Lease extension arbitrage

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.