Mansfield Road, Ilford, London, IG1
By Pure Investor
£ 860,000
Reviews
2 out of 5 stars
Pure Investor says ..
Exceptional buy-to-let investment comprising five self-contained apartments within a freehold building, generating an annual rental income of £67,690 and offering a strong gross yield of 7.87%.
Property Oracle says ..
This block of apartments on Mansfield Road, Ilford, presents a mixed investment opportunity. Its location is a strong point, with good access to schools and transportation. However, the property’s condition is a significant drawback, as it requires considerable renovation. The asking price of £860,000 seems high compared to the average property prices in the area, especially considering the need for refurbishment. While the property offers a garden, the land is not extensive. Overall, this property may appeal to investors willing to undertake a comprehensive renovation project, but the price needs to be carefully considered in light of the required works.
Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *
- Price
- 6
- Condition
- 3
- Location
- 7
- Land
- 4
- Bedrooms
- 7
- Bathrooms
- 0
- Sqft (est)
- 420.87
The heatmap indicates the level of crime in the area. The color of the heatmap indicates the crime severity and recency.
Metrics Year-on-Year
- Average area value
- 467,500.00 £Decreased by 7.63 %
- Est sale value
- 142,254.06 £Decreased by 34.62 %
- Average area rental value
- 1,225.00 £/moDecreased by 30.52 %
- Est letting value
- 0.00 £/moDecreased by 100.00 %
- Est rental Yield
- 3.14 %Decreased by 24.88 %
- Crime Rate
- 11.00 %Unchanged by 0.00 %
Agent Activity
Pure Investor created the listing.
Nearby Schools
| Name | Type | Ofsted | Distance |
|---|---|---|---|
| The Ursuline Prep School Ilford | Other Independent School | 0.21 KM | |
| Read Academy Education | Other Independent School | Good | 0.23 KM |
| The Ursuline Academy Ilford | Academy Converter | Good | 0.25 KM |
| Apex Primary School | Other Independent School | 0.34 KM | |
| Park School For Girls | Other Independent School | 0.36 KM |
Images
Nearby Streets
| Name | Average Price | Average Sqft | Distance |
|---|---|---|---|
| Rigby Mews | £ 0 | 0 | 0.00 KM |
| York Place | £ 0 | 0 | 0.00 KM |
| Chapel Road | £ 0 | 0 | 0.00 KM |
| Granville Road | £ 500,000 | 0 | 0.00 KM |
| Chapel Road | £ 0 | 0 | 0.00 KM |
Nearby Transport
| Name | NLC | TLC | Distance |
|---|---|---|---|
| Ilford | 6881 | IFD | 0.27 KM |
| Manor Park | 6883 | MNP | 2.58 KM |
| Barking | 7492 | BKG | 2.78 KM |
| Woodgrange Park | 7467 | WGR | 2.92 KM |
| Seven Kings | 6893 | SVK | 3.23 KM |
Nearby Listings
| Address | Price | Type | Score | Distance |
|---|---|---|---|---|
| Mansfield Road, Ilford, London, IG1 | £ 860,000 | BUY | 5 / 10 | 0.00 KM |
| Mansfield Road, ILFORD, IG1 | £ 275,000 | BUY | 5 / 10 | 0.07 KM |
| Argyle Road, Ilford, IG1 | £ 155,000 | BUY | 6 / 10 | 0.09 KM |
| Argyle Road, Ilford | £ 200,000 | BUY | 3 / 10 | 0.10 KM |
| York Mews, Ilford, Essex, IG1 3AD | £ 209,995 | BUY | 5 / 10 | 0.17 KM |
Nearby Properties
| Address | Price | Distance |
|---|---|---|
| 14 Mansfield Road | £ 300,000 | 0.00 KM |
| 6c Mansfield Road | £ 55,000 | 0.00 KM |
| 14b Mansfield Road | £ 83,000 | 0.00 KM |
| 16b Mansfield Road | £ 95,000 | 0.00 KM |
| 22d Mansfield Road | £ 67,000 | 0.00 KM |