Mansfield Road, Ilford, London, IG1
- PROPERTY TYPE
Flat
- BEDROOMS
1
- BATHROOMS
1
- SIZE
434 sq ft
40 sq m
Key features
- Buy-To-Let Investment Opportunity
- Being Sold With The Current Tenants In Situ
- Gross Yield 6%
- Over 150 Years Remaining On The Lease
- Direct Access To London Liverpool Street & Elizabeth Line Connectivity
- Well Maintained Apartment
Description
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*
- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
- Ask agent
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Ask agent
- GARDENA property has access to an outdoor space, which could be private or shared.
- Ask agent
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
- Ask agent
Energy performance certificate - ask agent
Mansfield Road, Ilford, London, IG1
Add an important place to see how long it'd take to get there from our property listings.
__mins driving to your place
Get an instant, personalised result:
- Show sellers you’re serious
- Secure viewings faster with agents
- No impact on your credit score
Your mortgage
Notes
Staying secure when looking for property
Ensure you're up to date with our latest advice on how to avoid fraud or scams when looking for property online.
Visit our security centre to find out moreDisclaimer - Property reference Mansfield-Road-Ilford. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Pure, Manchester. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
*This is the average speed from the provider with the fastest broadband package available at this postcode. The average speed displayed is based on the download speeds of at least 50% of customers at peak time (8pm to 10pm). Fibre/cable services at the postcode are subject to availability and may differ between properties within a postcode. Speeds can be affected by a range of technical and environmental factors. The speed at the property may be lower than that listed above. You can check the estimated speed and confirm availability to a property prior to purchasing on the broadband provider's website. Providers may increase charges. The information is provided and maintained by Decision Technologies Limited. **This is indicative only and based on a 2-person household with multiple devices and simultaneous usage. Broadband performance is affected by multiple factors including number of occupants and devices, simultaneous usage, router range etc. For more information speak to your broadband provider.
Map data ©OpenStreetMap contributors.