Studio flat · NW10 9NU
No longer listedListed 239 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This beautifully presented self-contained studio is set within an attractive period conversion, offering a perfect blend of charm and practicality.
The property comprises a spacious studio room, a modern en-suite shower room, and a private kitchenette, ideal for independent living.
A Zero Deposit option is available, making this home more accessible for a wider range of tenants.
The property is available under Equal Housing Opportunities and welcomes applications from key workers, middle-income earners, and those who rely on part Universal Credit or other benefits.
Please note that the monthly rent is set above the Local Housing Allowance (lha), which is currently £1,437.00 pcm. You can check current lha rates at .
Applicants relying on benefits will need to provide an affordability assessment from their housing officer.
This should confirm their Universal Credit entitlement, any additional allowances, and proof of overall income, to demonstrate the tenancy is sustainable.
To pass traditional referencing, applicants will need to show a combined annual income of at least £43,200, equivalent to 2.5 times the monthly rent.
This can be made up of various income streams including employment (including zero-hour contracts), Universal Credit, student loans, and pip or other ongoing support.
Finally, we would like to extend our sincere thanks to our forward-thinking landlord, who actively supports the delivery of safe, affordable homes for working households - particularly those who receive housing support and are often overlooked in the private rental sector.
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
Short-let restrictions apply
We're still gathering serviced-accommodation data for this area.
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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 62 Flat 3,, Ilex Road, London
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