Summary -
80c, Oval Road South,DAGENHAM,RM10 9DR
RM10 9DR
2 bed 1 bath Flat
Tenant in place; stable income with long lease and parking included.
Current gross income £16,200 per year (tenant in situ)
This two-bedroom leasehold flat in RM10 is presented primarily as an income investment. It is currently let and producing a gross annual rental income of £16,200, which equates to an approximate gross yield of 7.7% at the asking price of £210,000. The tenancy has been in place for a year and the tenants wish to remain, offering immediate rental return and minimal void risk.
The property is compact (about 463 sq ft) and suits buy-to-let portfolios or developers seeking a low-entry investment in a commuter area. Practical positives include communal private off-street parking, fast broadband, excellent mobile signal and a long lease (115 years remaining). There is no flood risk and local primary and secondary schools have generally good Ofsted ratings—useful for longer-term tenant demand.
Buyers should note material drawbacks: the flat is small in overall size and the building exterior shows post-war finishes that will need maintenance; the wider area is classified as deprived and local crime levels are above average. The sale includes a Buyer’s Premium to secure the transaction and the property is offered with tenants in situ, which may limit vacant-possession options in the short term.
This is best suited to investors wanting an immediate income stream or hands-on landlords prepared to manage a compact unit in a lower-value but well-connected part of Dagenham. The Let Property Pack contains tenancy documents and detailed investment figures for due diligence.
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