2-bedroom flat · IG11 0TF
For saleReduced £10k (−3.4%) on 16 OctListed 20 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
**Guide Price of £290,000 - £300,000** Offering modern, well-proportioned accommodation throughout, this attractive apartment provides an excellent opportunity for first-time buyers, owner-occupiers or investors alike.
The property benefits from a long lease of approximately 114 years remaining and allocated secure parking.
The accommodation comprises a welcoming entrance hallway leading into a spacious open-plan living and dining area, with a modern fully fitted kitchen providing an ideal space for both everyday living and entertaining.
The living area benefits from direct access to a private balcony, overlooking the surrounding greenery and providing a pleasant outdoor space to relax.
There are two generously sized double bedrooms, with the principal bedroom benefiting from its own En-suite shower room. A contemporary family bathroom completes the accommodation.
Residents also benefit from landscaped communal gardens, a children's play area and secure bicycle storage, while the surrounding Barking Riverside development provides an excellent selection of green spaces, parks, walking routes and cycle paths.
Location: Stephen Tuckwell House is situated within the growing Barking Riverside development, an area offering a mixture of residential, leisure and community facilities.
Local shops and everyday amenities are available within the surrounding development, while the nearby Rivergate Centre provides a range of sporting facilities including football pitches, tennis and netball courts, as well as a café.
For families, the area is well served by a number of schools, including George Carey Church of England Primary School, Thames View Infants School, Thames View Junior School and Riverside School, subject to individual admissions criteria.
Transport connections are also convenient, with Barking Riverside Station providing London Overground services and local bus routes offering connections throughout Barking and the surrounding areas.
Barking Station provides further Underground and National Rail connections, including access towards the City and central London.
The nearby River Thames provides attractive riverside walks and cycle routes, while Castle Green Leisure Centre and Barking Sport house offer further leisure and sporting facilities.
The Broadway, Barking also provides a programme of theatre, music and entertainment.
For commuters and those travelling across London, Barking Riverside also benefits from riverboat services, while the area's wider transport network provides connections towards Canary Wharf, the City, Stratford and central London.
Early viewing is highly recommended to fully appreciate the accommodation and location.
Value & comps
No previous sales on record.
Returns
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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.
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