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Mansfield Road, Ilford, IG1 3BA

Residential Investment Opportunity
For sale
  • Triple fronted Victorian brick residential investment property comprised of 16 studio flats.
  • The building comprises a traditional brick frontage with attractive bay windows plus a modernised two storey side extension.
  • Set in a desirable location, moments from Ilford town centre and Ilford Train Station (TFL Rail).
  • Excellent transport links with direct train services to London Liverpool Street in 18 minutes.
  • The property has been converted to provide 16 letting rooms, all with en-suite facilities, the majority of the rooms benefit from kitchenettes and there are further shared kitchens throughout the building.
  • The building is a fully licensed HMO.
  • Total current rent £144,420.
  • We believe that there is scope to enhance the rental income on both the private AST market as well under the LHA rates to in the region of £175,000 - £200,000 per annum.
  • Freehold.
  • OIEO £2,250,000 (Two Million, Two Hundred & Fifty Thousand Pounds) subject to contract.
  • 25 Mansfield Road may also be made available subject to separate negotiation, further information available upon request.
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