Description
Key Takeaway: Acquire a spacious 3-bedroom, 1-bath terraced house on Roman Road, Ilford (IG1) at £385,000 cash—delivering £105,000 immediate equity (21.4% below market) and 5.6%–6.9% gross yields.
Introduction
The Ilford cash sale investment on Roman Road, just off Ilford Lane. Firstly offers buyers a rare freehold opportunity in IG1. Priced at £385,000 (plus fees) versus a market value of £480,000–£500,000, this quick-completion property is sold with vacant possession. Investors benefit from significant immediate equity, strong rental yields, and minimal refurbishment requirements.
Description
Firstly, this three-bedroom, one-bathroom mid-terraced house spans approximately 900 ft² over two floors. Bright reception rooms lead to an eat-in kitchen overlooking a low-maintenance rear garden. Upstairs, three double bedrooms share a modern bathroom and separate WC.
Secondly, the Ilford cash sale investment suits both buy-to-let portfolios and owner-occupiers seeking value. Rental demand in IG1 commands £1,800–£2,200 pcm, equating to £21,600–£26,400 pa. Consequently, gross yields range from 5.61% to 6.86%, while net rental yields (after 25% costs) sit between 4.21% and 5.14%.
Moreover, with an immediate equity gain of £95,000–£115,000, this property sits 21.4% below market value on average. Break-even on rental income occurs in 19–24 years, but total returns over five years (at 2%–7% capital growth) produce 63.9%–101.9% ROI, as illustrated below:
Figure: 5-Year Total ROI Scenarios
Finally, minimal works are required beyond cosmetic updating—this enables a rapid letting cycle and immediate cash flow.
Income & Yield Analysis
| Metric | Value |
|---|---|
| Purchase Price | £385,000 |
| Market Value Range | £480,000–£500,000 |
| Immediate Equity Gain | £95,000–£115,000 |
| Estimated Monthly Rent | £1,800–£2,200 |
| Annual Rental Income | £21,600–£26,400 |
| Gross Rental Yield | 5.61%–6.86% |
| Net Rental Yield (after 25% costs) | 4.21%–5.14% |
| Break-Even Period | 19.4–23.8 years |
Location & Transport
- Ilford Station (Elizabeth Line & TfL Rail): 8-min walk
- Bus routes 145, 128 to Stratford & Romford
- Roman Road Market, independent cafés & parks
- Redbridge Council planning portal: https://www.redbridge.gov.uk/planning
Internal link: Auction Calendar for viewings & bidding slots.
Media Links
- Rightmove Ilford Market Guide: https://www.rightmove.co.uk/area-guides/Ilford-property-market/
- TfL Ilford Station Info: https://tfl.gov.uk/modes/rail/ilford
- Landlord HMO Guidance: https://www.gov.uk/house-multiple-occupation-licence
Updated: Sunday, August 17, 2025 15:19 GMT
Ready for immediate acquisition—contact Palace Auctions to secure this high-yield Ilford investment opportunity!
