Strettons Auctions says ..

Property Oracle says ..

This property at 59 St Marys Road, Ilford, IG1 1QU, is a freehold residential investment property comprising three self-contained flats, two currently let, and one sold off on a long lease. The property is being sold at auction for £300,000.

The location in Ilford offers good access to public transportation, and a number of schools are within a reasonable distance. Ilford town centre provides access to amenities and services. However, the specific character of the immediate neighbourhood requires further local knowledge to fully assess its quality.

From the images, the property’s interior is in a livable condition, but lacks modern styling and is rather basic. It requires some updating or cosmetic upgrades to enhance its appearance and appeal. The property includes a small garden, which, from images, appears to be rather overgrown and possibly underutilized.

The price seems competitive, considering its potential as an investment property, given the rental income from the already-let flats. However, more detailed information regarding property sizes and comparisons to similar properties in the area would enable a more informed opinion on its pricing. The lack of specifics on the number of square footage in total, in each individual apartment, and the plot size makes a more conclusive price assessment challenging. The overall condition suggests that some renovations or improvements may be required, hence the price reflects this. Ultimately, this property will appeal mostly to investors rather than those seeking a family home.

Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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