£250,000
Mansfield Road
- 1 bed
£250,000
- 1 bed
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PROPERTY INFORMATION
- One Bedroom | One Bathroom | First Floor Flat
- Tenanted – Immediate Income
- Leasehold: Over 150 Years Remaining (Expires Dec 2176)
- Ground Rent: £100 per annum
- Excellent Transport Links: Elizabeth Line & TFL Rail
- Asking Price: £250,000
- Current Rent: £1,250 PCM | £15,000 Per Annum
A TURNKEY INVESTMENT IN A CONNECTED LOCATION
Located on Mansfield Road, this first-floor, one-bedroom flat is part of a well-maintained period conversion in the popular commuter town of Ilford, Essex. Just a 5–10 minute walk from Ilford Station, this property is ideally situated for professionals and commuters, with direct services to London Liverpool Street and now benefiting from Elizabeth Line connectivity.
This includes:
- Direct access to Central London, Heathrow Airport, Reading & Southend
- High tenant demand due to location and accessibility
- Growing area with excellent capital growth potential
PROPERTY DETAILS
- Spacious lounge area
- Double bedroom
- Modern fitted bathroom
- Bright kitchen with integrated appliances
- First-floor position within a well-kept period conversion
INVESTMENT OVERVIEW
Current Tenancy:
- Let at £1,250 PCM / £15,000 per annum
- Tenant in situ since April 2024
- New fixed-term agreement commenced: 25 March 2025
Tenure & Outgoings:
- Lease Expiry: 25 December 2176
- Ground Rent: £100 per annum
- Service Charges: TBC (typically low for converted properties)
YIELD CALCULATION
- Gross Annual Rent: £15,000
- Asking Price: £250,000
- Gross Yield: 6.0%
WHY INVEST HERE?
- Elizabeth Line boost – connectivity from Ilford to Heathrow, Reading & Central London
- Strong rental demand from professionals, students, and airport workers
- Long lease – no renewal concerns
- Tenanted from Day One – No void periods
- Low ground rent and expected low service charges
*Viewings of this property are available; however, please note the property is tenanted and we need to be respectful of the tenants' right to a peaceful environment. As such, we will require proof of funds from all parties before booking a viewing appointment. On receipt of the above, we will then arrange access*
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