110 Henley Road, Ilford, Essex

Description

Investment opportunity arranged as three self-contained flats together with three garages. The property is being sold by order of receivers.

Accommodation

Three self-contained flats and three garages

Location

Situated on the south side of Henley Road at its junction with Woodlands Road. Ilford Lane (A123) is to the west and Eastern Avenue (A12) to the north. Ilford station (Elizabeth Line), The Exchange Shopping Centre, Loxford Park and Barking Park are nearby.

Tenure / Property Information

Investment Analysis

The supplied sold comparables are freehold terraced houses on Henley Road at £405,000–£475,000, with the two latest sales at £462,000 and £475,000. They are not identified as comparable three-flat buildings with garages, and no flat sizes, layouts, condition or income are provided. A supported GDV or maximum bid therefore cannot be established from the evidence.

Investment Snapshot

Strategy Recommendation

Proceed only after reviewing the legal pack, tenancy documentation, rental schedule, condition, compliance and all additional charges. Do not rely on the supplied house comparables to justify a bid for the multi-unit property.

Works Required

No physical works are supported by the supplied evidence. Confirm condition, statutory compliance, flat layouts, services, EPCs and garage condition before assessing refurbishment.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

BRRR cannot be underwritten because the property’s current income, condition, refurbishment cost, flat values and refinance value are unsupported. Rolling tenancies and potential additional seller or third-party charges require particular due diligence.

Buy-to-Let Analysis

Three flats are subject to rolling tenancies, but no passing rents, individual rents, flat sizes or tenant details are supplied. Rental listings relate to different property types and cannot support a reliable rent or yield calculation for this building.

Flip Analysis

A flip appraisal cannot be completed. The supplied comparables are single terraced houses rather than a three-flat building with garages, and no supported works budget, flat condition or selling-cost allowance is provided.

Investor Risks & Due Diligence

• Three flats are subject to rolling tenancies, but no passing rent or tenancy terms are supplied.

• The sold comparables are terraced houses and are not confirmed as comparable to this three-flat building with garages.

• No condition, refurbishment requirement, flat sizes, layouts or statutory compliance information is provided.

• Buyer premium and admin charges are not stated; additional seller or third-party charges may apply.

• The property is being sold by order of receivers, requiring careful legal and tenancy due diligence.

Recommendation

Proceed only after reviewing the legal pack, tenancy documentation, rental schedule, condition, compliance and all additional charges. Do not rely on the supplied house comparables to justify a bid for the multi-unit property.

Strategy Rating

Analysis Confidence

The evidence confirms tenure, accommodation and occupancy but lacks flat sizes, condition, rents, EPCs, costs, fees and directly comparable multi-unit sales.