Property Details: - Type: Semi-detached house - Bedrooms: 4 - Bathrooms: 2

Agent: Century 21 - Goodmayes Phone: 020 8115 0670

<p><strong>98 Ripple Road, Barking, IG11</strong><br/><strong>Guide Price: £525,000</strong><br/><strong>Gross Yield: Approx. 6.3%</strong></p><p>A rare opportunity to acquire a freehold investment property comprising two self-contained flats, ideally located in a strong and well-connected residential area of Barking.</p><p>The property is arranged as follows:</p><ul><li>A spacious <strong>two-bedroom ground floor flat</strong>, currently achieving <strong>£1,550 per month</strong></li><li>A well-proportioned <strong>one-bedroom first floor flat</strong>, currently achieving <strong>£1,200 per month</strong></li></ul><p>The property is fully let, producing a combined rental income of <strong>£2,750 per calendar month (£33,000 per annum)</strong>, offering immediate income from completion and a strong gross yield of approximately <strong>6.3%</strong>.</p><strong>Key features include:</strong><ul><li>Freehold title</li><li>Established tenancy in place</li><li>Strong rental demand in the area</li><li>Excellent transport links and local amenities</li><li>Well-maintained investment asset</li></ul><p>The property is located within easy reach of <strong>Barking Station</strong>, providing access to the District, Hammersmith & City, and C2C lines, ensuring excellent connectivity into Central London and surrounding areas.</p><p>There is also potential for future <strong>break-up and individual resale of the flats (STPP)</strong>, offering further capital growth opportunities.</p><p>This is an ideal purchase for investors and portfolio landlords seeking a high-yielding, income-producing asset in a proven rental location with long-term upside potential.</p><p> </p><p><strong>For further information or to arrange a viewing, please get in touch.</strong></p>