Funding Close Date: 9 March 2020
We are targeting a 1 bed flat in the Ilford and Romford area that is close to the Elizabeth Line growth zone. This ensure the property is still part of London, which is globally considered a property hotspot and safe haven. Expert forecasts for London over the next 5 years for capital growth range from 10% to 15%. In addition, we expect this to be more positively impacted as it benefits from being close to the Elizabeth Line - a 73-mile railway line crossing London from west to east. This line is expected to complete in early 2021 with a total investment of £17.6 billion. Properties near upgraded or new stations have already seen capital value growth as the project has progressed, in anticipation of shortened journey times to key destinations. We expect after completion, there maybe some slightly higher gains to be had than the wider market still.More
Zisk Properties is targeting a 1 bed flat in the Ilford area - which is purpose built, ideally chain-free and can be rented out immediately after completion of the purchase. Recent sales (end of 2018 to now) in the area show an average price of 1 bed flat to be in excess of £200,000 (£388 per square feet) so we are targeting a property that's lower than the current market sales. The area average rent (from 2019 to now) has seen 1 bed flats go from £900 per month to over £1,000 per month. Compared to wider London, we are hoping the property to have a higher rental yield.
Age of construction (years): Existing Dwelling
Composition: 1 bed, 1 bath, 1 kitchenMore