Spectrum Tower, IG1 4GZ

2-bedroom flat · IG1 4GZ

639 sq ft2 bathsRenovation Project · Elizabeth Line · Long Lease

Asking

£230,000

For saleListed 274 days

Motivated sellerNeeds work

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

See Virtual Tour Eighth-floor apartment | Spectrum Tower, IG1 | Circa 650 sqft | Renovation Project Summary: Within Spectrum Tower, a two-bedroom apartment offering flexibility for full refurbishment to buyer specification.

Accommodation: The property comprises a reception room, separate kitchen, two bedrooms (one with en-suite), and bathroom. The layout is efficient and lends itself to modernisation.

Lease: 975 years remaining | Service Charge: TBC | Ground Rent: TBC | EPC Rating: C Condition: Refurbishment required throughout — incoming purchasers have full flexibility over finishes and specification.

Sold as seen. All services and appliances have not been and will not be tested.

Location: Spectrum Tower is positioned for Ilford station, providing Elizabeth Line connections into Central London, Stratford, and beyond. Local amenities on Ilford High Road within walking distance.

Suited to Investors or owner-occupiers seeking value-add potential through improvement works.

Motivated seller

Needs work

Key information

Price per sq ft

£360/sq ft

Based on 639 sq ft (59 sq m)

Floor area

639 sq ft (59 sq m)

Council tax band

Band D

Estimated ~£1,800/year

Tenure

Leasehold

See leasehold details below

Heating

Ask agent

Local authority

Redbridge

London Borough

County

Greater London Authority

Lease remaining

975 years

Property features

Renovation Project
Elizabeth Line
Long Lease
Virtual Tour

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

Short-let restrictions apply

Greater London: an entire home can be let short-term for at most 9090 short-let nights plus a mid-term let for the rest of the year.
England: a national short-term let register is being introduced; register the property before letting.

We're still gathering serviced-accommodation data for this area.

Archie refurb estimate: a Pro feature

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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 advisers 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 market274 days · price-fatigue

25/25

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Seller motivation

Not scored yet

Days on market274

Price reduction—

STC fall-through—

Back to market—

Agency change—

EPC rating—

Listing timeline

First listedListed at £230,00023 Jan 2026

Still activeDay 274 on marketToday

Strategy fit

No strategy scores available yet.

Article 4HMO Article 4 applies

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.