Summary -
80b, Oval Road South,DAGENHAM,RM10 9DR
RM10 9DR
2 bed 1 bath Flat
Immediate income opportunity with long-standing tenants and strong rental potential.
Long-term tenants in situ generating £11,400 gross per year
409 sq ft two-bedroom flat, compact accommodation
115 years remaining on the leasehold
On-street parking only; no private parking
Mid-20th-century building; likely needs internal modernization
Area classified as deprived; above-average local crime rates
Excellent mobile signal and fast broadband availability
Buyer's premium applies to purchase process
A compact two-bedroom leasehold flat in Dagenham offered with a long-term tenant in situ, producing a current gross annual rental of £11,400. The 409 sq ft property has 115 years remaining on the lease and on-street parking, making it a straightforward addition to a buy-to-let portfolio.
The building appears mid-20th century and the accommodation is small, so returns rely on rental yield rather than space or finish. The property will suit investors or developers comfortable managing a let property; it is in a deprived area with above-average local crime, so let-again risk and management costs should be factored into purchase calculations.
Practical positives include excellent mobile signal, fast broadband, nearby primary and secondary schools rated Good, and no flood risk. Notable negatives are the small overall size (409 sq ft), dated exterior and likely need for internal modernization, the presence of a buyer's premium, and the tenancy in place which the current tenants intend to continue.
This listing is best for a buyer seeking immediate income and long-term yield rather than owner-occupation. Full investment particulars are available in the Let Property Pack for detailed income, outgoings and tenancy documentation before offer.
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