£124,950
Chiltern Road
- 0 beds
£124,950
- 0 beds
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Property Overview
A spacious 4-bedroom semi-detached home located on the desirable Chiltern Road in Ilford (IG2), this freehold property offers generous living space, ideal for families or rental investment. With gardens to the front and rear, a large rear extension, and two bathrooms, this property combines comfort, flexibility, and strong investment potential.
Key Features:
- Four generously sized bedrooms
- Two modern bathrooms
- Rear extension – ideal for added living/dining space
- Front and rear gardens
- Freehold tenure
- Semi-detached with side access
- Situated in a popular residential area close to transport, schools, and local amenities
Investment Details:
- Expected Rental Income: £2,250 PCM
- Annual Rental Income: £27,000
- Asking Price: £470,000
- Gross Yield: 6%
Example ROI (Return on Investment):
Assuming 25% deposit:
- Deposit: £112,500
- Mortgage: £337,500
- Annual rental income: £27,000
- Approx. annual mortgage cost @5% interest-only: £16,875
- Net income before tax/expenses: £10,125
- ROI on cash invested:
> £10,125 / £112,500 = 9.0%
Current Tenancy Situation – Important Information
- The property is currently tenanted on a rolling contract
- The tenant is paying rent (£2,250pcm), but the current landlord has initiated an ongoing eviction process
- There is a dispute with the tenant, and proceedings are ongoing
- Landlord’s preference is to sell with the tenant in situ, which is reflected in the competitive pricing of the property
Location Highlights:
- Just 0.4 miles from Newbury Park Station (Central Line)
- Close to schools, parks, and supermarkets
- Excellent access to A12/M11 for commuters
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