Long lease, rental income, close to Dagenham Heathway station.
Chain-free first-floor two-bedroom flat
A straightforward first-floor, two-bedroom flat with long lease and ready rental appeal. The apartment offers a separate fitted kitchen, a 12'4 x 11'6 reception room and double glazing; its compact 489 sq ft layout suits buy-to-let or a commuter couple seeking low-maintenance living close to transport.
The property is chain-free and comes with over 160 years remaining on the lease, an EPC C and an existing tenant option generating £1,450 pcm on a periodic tenancy. Dagenham Heathway (District Line) is within easy reach, providing direct links into central London and local shops, schools and amenities nearby.
Note the practical running costs: electric storage heating and average service charges of around £2,000 pa. The neighbourhood scores high for deprivation and crime; this affects resale and lettings pricing though rental yield may remain attractive given current income. Broadband speeds are reported as slow, and the flat is small, so buyers should expect modest living space and possible minor updating.
This is a clear investment opportunity for a landlord or investor comfortable with an urban, higher-risk area who values a long lease, immediate rental income and proximity to public transport. First-time buyers seeking space or quieter neighbourhoods may prefer to view alternatives.