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65 St Peters Close, Newbury Park, Ilford, Essex IG2 7QN
Residential Investment - 65 St Peters Close, Newbury Park, I
65 St Peters Close, Newbury Park, Ilford, Essex IG2 7QN
For Sale
£100,000+
Key Features
Vacant 2 Bed Flat On behalf of Executors 6 Week Completion
Tenure: Leasehold for a term of 99 years from 29th September 1965 (thus having approx. 38 years unexpired) at a fixed ground rent of £18.90 p.a. Offered with Vacant Pos
Description
Vacant 2 Bed Flat On behalf of Executors 6 Week Completion Comprising a Self-Contained 2 Bed Flat on the first floor of a purpose built block which has a communal garden. In addition, the property includes 1 parking space. The property benefits from: Underfloor heating uPVC Double Glazing Entry Phone Tenure: Leasehold for a term of 99 years from 29th September 1965 (thus having approx. 38 years unexpired) at a fixed ground rent of £18.90 p.a. Offered with Vacant Possession
Accommodation
(measurements to maximum points) First Floor Flat Bedroom 1 12'10” × 11'11" Bedroom 2 9'8” × 9'4” Living Room 14'10” × 10'10” Kitchen 10'10” × 6'4” Bathroom/ WC 7'10” × 6'4” GIA Approx. 540 sq ft Plus 1 Parking Space
Location
Located within this residential development and being just under a mile from Newbury Park Underground Station (Central Line). The open spaces of Fairlop Waters Country Park are within close proximity and the area benefits from excellent road communications being within easy reach of the A12 (Eastern Avenue). Ilford lies approx. 11 miles north-east of central London.
Auctioneer Source Facts
Auctioneer Tenure | Leasehold for a term of 99 years from 29th September 1965 (thus having approx. 38 years unexpired) at a fixed ground rent of £18.90 p.a. Offered with Vacant Possession |
Investment Analysis
Investment Snapshot
Guide Price | £100,000+ |
Refurbishment / Works Budget | HB indicative £8,000–£50,000 |
Purchase + Works | £108,000–£150,000 |
Estimated GDV / Value | £115,000–£145,000 |
Estimated Rent / Income | £600–£2,500 pcm equivalent |
Potential Annual Income | £7,200–£30,000 pa |
Suggested Strategy | Buy-to-Let |
Strategy Recommendation
Initial strategy: Buy-to-Let. Verify the legal pack, tenancy schedule, title, condition, finance and local market evidence before fixing a maximum bid.
Works Required
Obtain a survey and contractor quotations. Allow for services, compliance, repairs, decoration and any structural, roofing, fit-out, common-parts or development works identified.
Rental & Market Context
Where the auctioneer publishes passing rent, that figure should take priority over HB modelling. Otherwise, HB income/value figures are indicative appraisal ranges and require local verification.
Sold within approximately 5 miles
Check recent HM Land Registry transactions and closely matched commercial or residential comparables for tenure, covenant, size, condition and location.
Potential BRRR Position
Refinance potential depends on lender valuation, lease/title, income covenant, completed condition and stress testing. Commercial and mixed-use assets may require specialist finance.
Flip Analysis
Any resale margin must include SDLT, auction/legal fees, finance, holding costs, professional fees, contingency, selling costs and tax.
Investor Risks & Due Diligence
Read the complete legal pack and special conditions
Verify tenure, occupational leases and rent schedule
Inspect condition and obtain contractor quotations
Confirm planning/use class and development constraints
Confirm finance, VAT and insurance position
Allow for Barnett Ross administration fee and any seller costs in the legal pack
Recommendation
Proceed only where verified total project cost and income support the intended buy-to-let strategy with adequate contingency and margin.
Strategy Rating
Commercial Income: ★★★★☆ | Development: ★★★☆☆ | Resale: ★★★☆☆
Auction Details :
Barnett Ross
Auction Date :
10/09/26
Lot Number :
016
Property Location:
65 St Peters Close, Newbury Park, Ilford, Essex IG2 7QN
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