Latest Valuation
£9,815
ROCE
79%
Location
Essex

7 Bed Rent to Rent Opportunity in Ilford

The plan is to rent this fully furnished, 7 bed HMO licensed property to working professionals in the Ilford area.
Guide Price
£9,815

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Key Features

  • R2R opportunity
  • 79% ROI
  • 7 Bedroom
  • HMO Licenced
  • £656 monthly cash flow

The Property

The plan is to rent this fully furnished, 7 bed HMO licensed property to working professionals in the Ilford area. It is contactable on a 3 year clause with a option to increase.

Selling office: Sourced Huddersfield

Planning Information

N/A

The Plan

The plan is to rent this fully furnished and 7 Bed HMO licensed property to working professionals in the Ilford area, there is High demand for rooms to rent in Essex, 7 minute walk to Gants Hill Station.

The financials:
▪ Rent: £9,815
▪ Sourcing fee: £4,000
▪ Profit: £656
▪ Annual profit: £7,872​
▪ Annual rental income: £50,400
▪ ROCE: 79%

The Location

Ilford benefits from being within close proximity of Central London, whilst being a lovely suburban area in which to live.

With plenty of green spaces, pubs and the large Exchange Shopping Complex, the area offers loads in the way of amenities and recreation. Great areas to explore buying property would be Valentine's Park and Gants Hill.

Average estimated value for a house in IG1 4LU

£

With the overall average house price sitting at £401,036, during the last year, sold prices in Ilford were 4% up on the previous year and 18% up on 2015 when the average house price was £339,013 (according to Rightmove Sold Prices data).

But why buy now? Yields in Ilford are the best in London, at 6.1% (data taken from the Portico Yield Map). Average rent in the borough of Redbridge is £295 per week for a two bedroom property.

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