Block of flats for sale

Romford Road, London E12

This property offers a unique and lucrative opportunity for investors seeking immediate returns and outstanding development potential in one of East London’s most vibrant locations. With its prime high-street position, solid rental income, and future growth prospects, this is an investment not to be missed.

Key Features of the Property:

Ground Floor Retail Unit (500 sq. Ft.):
Formerly a hairdresser with A1 licensing, this shop is situated on Romford Road, a bustling high street with exceptional footfall.
Currently vacant, allowing the buyer flexibility to lease it or operate a business.
Projected annual rental income: £24,000.
Equipped with a small kitchen and bathroom, ready for immediate occupancy with minimal work.

Ground Floor 2-Bedroom Flat:
Spacious and modern, currently tenanted at £1,200 per month (£14,400 annually).
Rental income is significantly below market rate, with a potential adjustment to £1,800 per month (£21,600 annually) based on current demand, offering a 50% uplift in returns.
Includes a large private garden, ideal for development projects.

First Floor 3-Bedroom Flat:
On a 50-year lease, providing future value for the buyer but no immediate rental income.

Financial Breakdown:
Investment Price: £680,000
Projected Annual Rental Income (post-adjustments): £40,000
Current Rental Yield: Approx. 5.88%
Potential to increase yield further with shop lease activation and rent adjustments.
Development Potential – Unlock Significant Value:

This property is brimming with development opportunities:
Back Garden: Preliminary consultations with architects and the local council indicate a strong likelihood of approval to build two additional flats.
Vertical Expansion: With tall neighboring structures and a nearby council flat already in place, building above the existing top-floor flat is highly probable.

Post-Development Value: Estimated to exceed £1,000,000, with annual rental returns reaching £100,000 or more, creating a double-digit yield for investors.
Strategic Location in Newham, E12:
Situated in a rapidly growing area of East London, Romford Road benefits from high visibility and a thriving local economy.
Ongoing discussions about the expansion of Central London into areas like E12 make this a prime location for future appreciation.
Historical trends in areas like Shoreditch demonstrate the potential for property prices to soar.

Why This Property is a Must-Have Investment:
Immediate Returns: Secure a rental income of £40,000 annually, with potential for further increases.
Turnkey Opportunity: The retail unit is modern, spacious, and ready to lease or occupy immediately.
Future Development: Build additional flats, expand vertically, and tap into the enormous potential of this site.
High Demand Area: Romford Road’s location guarantees tenant demand and long-term value growth.

This is more than just a property; it’s a platform for significant financial growth. With a combination of current income, value appreciation, and scalable development opportunities, 795 Romford Road offers a rare and compelling investment opportunity.