2-bedroom flat · IG11 0UY
For saleListed 1131 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Guide Price: £300,000 to £325,000 L/H Please be aware this is a sale by tender property and the prospective purchaser may have to pay an Introduction Fee to Aston Fox and viewings are strictly by appointment only.
Spacious Throughout! Located on this popular new development in Barking Riverside is this two bedroom second floor flat.
The property which is very sought after boasts of a large open plan lounge / fitted kitchen with integrated appliances and modern family bathroom Then there are two spacious double bedrooms with the additional benefit of an ensuite to the master bedroom.
There is a spacious Juliette Balcony off the lounge and externally the property has allocated secure parking.
The location of the property is excellent with plenty of bus stops taking you to Barking town centre and surrounding areas, at Barking station you can catch a train on the District, Hammersmith and City and also C2C.
Road links are excellent with the A406, A13 and M11 all only short rides away. Plus the new Barking Riverside Overground Station is just 8 minutes walk away.
Close by the house there are some local convenience stores all within walking distance, slightly further away is Barking Town Centre where you can find all the big high street brands and the Vicarage Fields shopping centre as well as Asda and Lidl, there is also Tesco and Sainsbury’s just along the A13 at Beckton and here you can also visit Galleons Reach retail park where again, all the big brand clothing and retail shops can be found.
When buying a family home schooling is obviously an important factor and there are both Primary and Secondary schools close by, mostly with good and excellent Ofsted ratings.
This delightful home could soon be yours, and represents a great investment or first time purchase, so pick up the phone and call to book your viewing now!
Lease: Approx 119 Years Ground Rent: £300 P/A Service Charge: £2,800 P/A Council Tax Band: C Council: Barking and Dagenham Maximum Council Tax Fee Payable: £1,682.40 Reception/Kitchen 18' 3" x 15' 3" (5.56m x 4.65m) Bathroom 7' 2" x 6' 11" (2.18m x 2.11m) Bedroom One 12' 1" x 9' 11" (3.68m x 3.02m) Ensuite To Bedroom One 7' 2" x 5' (2.18m x 1.52m) Bedroom Two 12' x 10' 11" (3.66m x 3.33m)
Value & comps
No previous sales on record.
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Returns
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Archie refurb estimate: a Pro feature
0.0% below starting price
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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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About Cornelius House, 5 Handley Page Road, Barking
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