Compact rental-ready flat near Dagenham Heathway station ideal for investors.
Chain free with over 160 years remaining on the lease
Currently tenanted (periodic) generating £1,450 pcm income
Separate fitted kitchen and 12'4" x 11'6" reception room
Electric room heaters only; no gas central heating
Approx 489 sq ft — compact two-bedroom layout
Annual service charge circa £2,000; factor into returns
Area rated very high for crime and very deprived locally
Slow broadband speeds may deter some tenants or home-workers
This purpose-built first-floor two-bedroom flat in Picador House offers a compact, low-maintenance footprint ideal for buy-to-let investors or first-time buyers seeking hands-off rental income. The property is chain-free, has over 160 years remaining on the lease and currently produces rental income if purchased with tenants in situ (periodic tenancy at £1,450 pcm). Double glazing and an EPC C rating provide reasonable energy performance for a modern build.
Accommodation includes a separate fitted kitchen, a 12'4" x 11'6" reception room, two bedrooms and a bathroom/WC across approximately 489 sq ft. Heating is by electric room heaters; there is no communal gas supply. Annual service charge is approximately £2,000 and council tax band C is described as affordable.
Location is commuter-focused: close to Dagenham Heathway station (District Line) and local amenities, with several 'Good' rated primary and secondary schools nearby. Drawbacks to note are the area's very high crime level, very deprived local index and slow broadband speeds, which could affect tenant demand or owner-occupier comfort.
This is a straightforward investment with immediate rental potential and long lease security, but purchasers should budget for higher service charges, limited heating infrastructure, and consider the local social indicators when assessing yield and exit strategy.
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