Chelmer Crescent

INVESTMENT SUMMARY

A well-presented second-floor maisonette in Barking, let and producing a steady rental income since 2021. Offered with a long 106-year leasehold term and a stable, low-cost service charge and ground rent structure, this is a straightforward, hands-off buy-to-let opportunity in one of East London’s key regeneration areas.

• Second-floor maisonette flat – not situated above a shop
• Established rental income of £1,325 pcm (£15,900 per annum), let continuously since 2021
• 106-year leasehold term remaining
• Combined service charge and ground rent of only £1,200 per annum
• EPC rating: C
• Located within Barking’s key regeneration area, benefitting from major infrastructure and housing investment

LOCATION & INVESTMENT CASE

Barking sits at the heart of one of London’s largest and most heavily-funded regeneration programmes. The wider borough of Barking & Dagenham is undergoing sustained, large-scale investment centred on the Barking Riverside development – a 443-acre former industrial site now approved for expansion to deliver up to 20,000 new homes, alongside new schools, parks, health facilities and commercial space.

• Barking Riverside has already delivered thousands of new homes together with a dedicated London Overground station and river bus pier, both opened in 2022, connecting the area directly into central London
• Homes England has approved a further £124 million funding package to accelerate infrastructure and unlock the next phase of development
• Barking town centre itself continues to see residential and public-realm regeneration, adding further housing supply and improving local amenities
• Barking & Dagenham remains one of London’s more affordable boroughs, offering strong entry-level pricing relative to neighbouring areas with the potential to benefit as regeneration matures
• Excellent existing transport links via Barking station (District, Hammersmith & City, London Overground and c2c mainline services), placing central London within easy commuting reach

For investors, the combination of an established, income-producing asset, low running costs, and location within a designated regeneration corridor presents a compelling case for both immediate yield and potential longer-term capital growth as the area continues to develop. As with any regeneration-led investment, timescales and outcomes are not guaranteed and prospective purchasers should form their own view.

FINANCIAL SUMMARY

• The property has been let continuously since 2021 at a rental income of £1,325 per calendar month, with combined service charge and ground rent costs of only £1,200 per annum.
• Rental Income: £1,325pcm (£15,900 per annum)
• Service charge and ground rent: £100pcm (£1,200 per annum)
• Net income: £1,225pcm (£14,700 per annum)

Figures above are based on current trading performance as supplied by the vendor and are provided for guidance only; they do not constitute a warranty or valuation. A prospective purchaser should rely on their own due diligence, including verification of income, lease terms and running costs, before proceeding.

PROPERTY & TENURE

• Second-floor maisonette flat
• Not situated above a shop or commercial unit
• Leasehold – approximately 106 years remaining
• Service charge and ground rent: £1,200 per annum combined
• EPC Rating: C
• Tenanted since 2021, offering a purchaser an immediate, established income stream