2-bedroom flat · IG11 8EU
For saleReduced £25k (−11.1%) on 2 OctListed 42 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Situated within easy walking distance of Barking Station and the town centre, this well-presented two-bedroom second-floor flat offers bright and spacious accommodation and represents an excellent opportunity for first-time buyers, owner-occupiers or investors.
The property features a bright open-plan living room and fitted kitchen, benefiting from high ceilings and plenty of natural light.
The accommodation includes a spacious double bedroom, a well-proportioned single bedroom that could also be utilised as a home office, and a bathroom.
Presented in good condition throughout, the flat is ready for immediate occupation and offers a practical layout with excellent potential for comfortable modern living.The property forms part of a small development comprising just four flats.
A particular benefit is the absence of management company or managing agent fees.
Buildings insurance and shared building costs are apportioned between the four flats, helping to keep the ongoing costs straightforward.
Barking Station is within easy walking distance and provides excellent transport connections via the District Line, Hammersmith & City Line, London Overground and National Rail services, offering convenient access to the City, Canary Wharf and Central London.
The surrounding area provides a wide selection of shops, restaurants, supermarkets and other local amenities, with Barking town centre also close by.
With approximately 103 years remaining on the lease, a ground rent of £250 per annum, and straightforward building management arrangements, this property offers an attractive opportunity for buyers seeking a well-located London flat.
Early viewing is highly recommended. Spencer James Residential is an independent estate agency established in 2002 specialising in all aspects of residential lettings, sales and property management.
We are serious about the pivotal role we play between our landlords and tenants; buyers and sellers.
Our clients are assured in the knowledge that we work under an approved code of practice, due to our memberships with recognised industry bodies including: The Association of Residential Lettings Agents (ARLA); the National Association of Estate Agents (NAEA); and the Property Ombudsman (Sales and Lettings).
Hallway Carpet flooring, wall mounted electric radiator, door to all rooms, door to airing cupboard housing hot water tank.
Lounge/Diner Carpet flooring, wall mounted electric radiator, double glazed window to front, open plan to kitchen Kitchen Laminate flooring, double glazed window to front, range of eye and base level units, sink with mixer tap over, four ring electric hob with extractor fan over, electric oven.
Bedroom One Carpet flooring, wall mounted electric radiator, double glazed window to front.
Bathroom Three piece suite comprising of low level wc, wash hand basin with mixer tap over, bath with mixer tap over with shower tap over, tiled flooring or splash back Bedroom Two Carpet flooring, wall mounted electric radiator, double glazed window to front.
Double Glazing
Value & comps
No previous sales on record.
Returns
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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
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FAQ
About 2-4, East Street, IG11
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