Summary -
80a, Oval Road South,DAGENHAM,RM10 9DR
RM10 9DR
2 bed 1 bath Flat
Compact buy-to-let with immediate income and refurbishment upside for investors.
- Two-bedroom flat with tenant in situ and immediate rental income
- Annual gross income £15,300; approx. 7.3% gross yield at asking price
- Small overall size (approx. 398 sq ft) — limited living space
- Leasehold with 115 years remaining
- Mid-20th-century exterior; windows and masonry appear dated
- On-street parking only; no private parking or garden
- Area classed as deprived; local crime above average
- Buyer's Premium applies to the purchase
A compact two-bedroom leasehold flat in Dagenham offered with a sitting tenant and clear buy-to-let potential. The property is small (approx. 398 sq ft) and currently produces an annual gross rental income of £15,300, representing an approximate gross yield of 7.3% at the asking price of £210,000. The 115-year lease and proven rental income make it straightforward for investors seeking an immediate income stream.
The building is mid-20th-century with a rendered/pebbledashed exterior and dated windows and doors; some external and cosmetic work is needed. Internally the living area is contemporary in style with laminate flooring and good natural light, while the overall layout is traditional and compact — suitable for tenants or a small household rather than a family wanting lots of space.
Practical considerations: tenure is leasehold, on-street parking only, area deprivation and above-average local crime levels may influence tenant profile and management costs. The current tenants have been in situ under a short-term tenancy for less than a year and intend to remain; a Buyer's Premium will apply on purchase. This is best suited to investors or developers prepared to manage tenanted property and carry modest refurbishment to improve capital value and rental prospects.
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