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The Shaftesburys, Barking, Essex IG11

London

£220,000

Listed on 14/05/2026

Property Details

Bedrooms
2
Type
Flat
Area
726 sqft

Description

This spacious two-bedroom flat on the first floor presents a valuable opportunity for those looking to invest in a property with significant renovation potential. The layout comprises two well-proportioned double bedrooms, a sizable reception room, and a separate kitchen. Additionally, there is a WC and bathroom alongside a ground-floor storage unit, which can accommodate bikes or tools. While the property is in need of comprehensive refurbishment throughout, it is appropriately priced to take into account the necessary work. This makes it an attractive option for buyers or investors keen on undertaking a transformative project.

Investment Analysis

(IG11 area)

Below Market Value

This property is priced -29.9% below area average per sq ft

-29.9%
Potential saving
This Property
£303/sq ft
Area Average
£432/sq ft
Avg Rent (weekly)
£401
Avg Yield
6.7%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£40,000 - £60,000
Target Value
£344,995
10% above area average per sq ft
Potential ROI
+23.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
21
Average per month
Market Turnover
6%
Properties sold annually

Local Market Trend (IG11)

Area prices are falling by -6.3% over the last 12 months
3 year growth: -1.7%
5 year growth: +0.5%
Investment Disclaimer: Analysis based on IG11 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

The Shaftesburys, Barking, Essex IG11
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£831
Based on a loan of £165,000 over 30 years at 4.45% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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