# 1 bedroom flat for rent (IG2 6ER)

## Property Details

| Key | Value |
|-----|-------|
| Address | FLAT 5, 505 CRANBROOK ROAD, ILFORD, GREATER LONDON IG2 6ER |
| Price | £950 pcm |
| Bedrooms | 1 |
| Bathrooms | 1 |
| Last sold | £118,500 Oct 2009 |

## Description

** ONE DOUBLE BEDROOM HOME NEXT TO GANTS HILL STATION 

** This perfectly located one double bedroom apartment situated in sought after area is an absolutely ideal positioning for young professionals and families in an area. ** 

The property benefits from easy access to the M11, A406 North Circular and the A12 as well as a short distance from both Gants Hill Station and Ilford Station which gives access to Central London Stations within 20/25 minutes and connections to other London locations. Gants Hill is currently an up and coming area due to its popular location for buyers and tenants. 

This property comprises of one double bedroom, spacious living room with large modern kitchen complete with white goods, fridge/freezer and hard flooring. The property also has a three piece bathroom suite with hand wash basin with mixer tap, separate low level flush WC and fitted units plus a large bath with stand up shower. 

Properties of this caliber are rare to the market; call us now on 0208 558 9900 to make your appointment.

## Property Photos

- ![Photo](/listings/photos/64307023/276718)
- ![Photo](/listings/photos/64307023/276719)
- ![Photo](/listings/photos/64307023/276721)
- ![Photo](/listings/photos/64307023/276723)
- ![Photo](/listings/photos/64307023/276725)
- ![Photo](/listings/photos/64307023/276727)

## Rental Range

*ONS Price Index of Private Rents (Redbridge). Low / Realistic / Optimistic = conservative / average / best case.*

- **Low:** £1,552/mo
- **Realistic:** £1,724/mo
- **Optimistic:** £1,896/mo

## LHA (Local Housing Allowance)

*VOA 30th percentile rent floor for Outer North East London (Apr 2025 – Mar 2026).*

- **LHA floor (this property size):** £997/mo

## Rental Comparables

*Residential lets from OpenRent and Rightmove for the area (same bedroom count). Use to validate rent estimates. Student lets are excluded.*

| Title | Rent | Beds | Distance | As seen on |
|------|------|------|------|------|
| Studio Flat, Bramley Crescent, IG2 | £1,150/mo | 1 | 0.08 miles | OpenRent |
| 1 Bed Flat, Eastern Avenue, IG2 | £1,250/mo | 1 | 0.19 miles | OpenRent |
| Studio Flat, Lonsdale Crescent, IG2 | £1,300/mo | 1 | 0.19 miles | OpenRent |
| Studio Flat, Gaysham Avenue, IG2 | £1,000/mo | 1 | 0.3 miles | OpenRent |
| Studio Flat, Wycombe Road, IG2 | £1,200/mo | 1 | 0.37 miles | OpenRent |

**Average rent: £1,180/mo (5 listings)**

## Rent-driven metrics

*Based on OpenRent comparables (median £1,200/mo).*

- **Gross yield:** 1515.8%
- **Monthly cashflow:** £1,051/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term)
- **Cash-on-cash ROI:** 4579%

*Gross yield = annual rent as % of price (no costs). Cashflow = rent − mortgage − 10% maintenance − £25/mo compliance; assumes 75% LTV, 3.95% APR (5yr fixed), 25yr term. ROI = annual profit ÷ cash in (deposit + 4% purchase costs).*

## Flood risk

- **Zone:** 1
- **Risk:** Low
- **Source:** Job (default Low)

[Check long-term flood risk (GOV.UK)](https://check-long-term-flood-risk.service.gov.uk/postcode)