Guide price

£185,000

1 bed flat for sale
Ernest Websdale House, Barking IG11

    • 1 bed

    • 1 bath

  • EPC Rating: C

Leasehold
Reduced on 27/05/2026

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.

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Monthly repayment

£925 per month

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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.

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