2 bed flat for sale

Icon Building, 39 Ilford Hill, Ilford, Redbridge IG1

Icon Building, 39 Ilford Hill, Ilford, Redbridge, Ig1 2Fj

This well positioned two bedroom, two bathroom apartment is situated within the icon Building on Ilford Hill. The property comprises two well proportioned bedrooms, two bathrooms, a spacious reception room and a modern fitted kitchen, providing a practical layout for rental purposes. The apartment is ideally positioned close to Ilford town centre and excellent transport links, making it an attractive proposition for investors seeking a well connected East London property.

The surrounding area offers a wide range of amenities, with Ilford town centre, High Road, Ilford Exchange and Ilford Lane all within easy reach. Residents benefit from an extensive selection of shops, restaurants, cafes and everyday services, while Ilford Station provides access to the Elizabeth Line with convenient connections towards Stratford, Canary Wharf, the City, central London and Heathrow. The strong transport connections and established range of local amenities contribute to the area's appeal within the private rental market.

Ilford is undergoing significant regeneration and investment, with major plans focused on delivering new homes, employment opportunities, improved public spaces and enhanced connectivity. The Ilford Western Gateway project includes proposals for new homes, commercial and community space, greener public areas and improved walking and cycling connections around Ilford Hill and the station. Redbridge Council is also progressing plans for new social rent homes in Ilford town centre, alongside a wider long term vision for the area which includes thousands of new homes, new employment opportunities and improvements to public spaces, transport connections and community facilities. This continued investment is expected to further transform the local area and enhance its appeal as an established East London investment location.

Financial Breakdown

Gross Rent: £21,600.00
Net income: £16,750.00
Gross yield: 7.58%
Net yield: 5.88%
Please contact agent for full financial breakdown.

Important note to purchasers: These particulars, whilst believed to be accurate are set out as a general outline only for guidance, and do not constitute any part of an offer or contract. Neither Yieldit nor the vendor or lessor accept any responsibility in respect of these particulars, which are not intended to be statements or representations of fact and any intending purchaser or lessee must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars.

Yieldit ref: Yl-08669