Guide price
£185,000
1 bed flat for saleErnest Websdale House, Barking IG11
1 bed
1 bath
EPC Rating: C
Leasehold
About this property
Private Balcony
Off Street Parking
Short Walk to River Thames
Leasehold - 111 Years
Ground Rent - £330 per annum
Service Charge - £3,850 per annum
A ready-made investment opportunity located within a consistently strong rental area in Barking, with potential to generate approximately £1,500 pcm, providing a secure income-producing asset from day one.
Priced competitively below comparable market value due to motivated circumstances, the property offers equity alongside a projected yield of over 9%. Comparable rental properties within the IG11 area and wider Barking regeneration zone are achieving approximately £1,400–£1,800 pcm, supported by strong tenant demand driven by affordability and excellent transport links into Central London.
Please be aware that any systems, appliances, or services depicted in photographs have not been tested by us and are subject to a fixtures and fittings agreement with the seller.
Once an offer is accepted, a deposit of £5,000 will be required to secure the property in accordance with our terms and conditions. This deposit will be deducted from the final purchase price on completion. In addition, a non-refundable reservation fee of £600 (including VAT) will be payable. This fee is separate from, and not deducted from, the purchase price.
All cash buyers are required to indemnify searches and surveys in line with our terms and conditions.
Priced competitively below comparable market value due to motivated circumstances, the property offers equity alongside a projected yield of over 9%. Comparable rental properties within the IG11 area and wider Barking regeneration zone are achieving approximately £1,400–£1,800 pcm, supported by strong tenant demand driven by affordability and excellent transport links into Central London.
Please be aware that any systems, appliances, or services depicted in photographs have not been tested by us and are subject to a fixtures and fittings agreement with the seller.
Once an offer is accepted, a deposit of £5,000 will be required to secure the property in accordance with our terms and conditions. This deposit will be deducted from the final purchase price on completion. In addition, a non-refundable reservation fee of £600 (including VAT) will be payable. This fee is separate from, and not deducted from, the purchase price.
All cash buyers are required to indemnify searches and surveys in line with our terms and conditions.
Mortgage calculator
Monthly repayment
£925 per month
Whole of market comparison
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The monthly repayments provided are estimates and should be used as a guide only. The actual amount you can borrow will depend on your personal financial situation and subject to a full application. For a more precise estimate, please use the Mojo mortgage calculator. Your home or property may be repossessed if you do not keep up repayments on your mortgage.
More information
Tenure
Leasehold (110 years)
Service charge
Council tax band
Ground rent
Ground rent date of next review



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