3 Bed Terraced House, Refurb/BRRR, Ilford, IG3 8NP, £450,000

St. Albans Road, Ilford, IG3 8NP - 3 views - a year ago

Sold STC
Refurb/BRRR
ROI: 4%
~93 m²
+1 photos

ValuationFair Value

Sold Prices£255K - £680K
Sold Prices/m²£3.1K/m² - £7.1K/m²

 

 

Square Metres

~93 m²
Price/m²£4.8K/m²

Value Estimate

£446,020

 

 

End Value (After Refurb)

£435,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£112,500

Stamp Duty & Legal Fees

£24,700

Refurb Costs

£49,200

Bridging Loan Interest

£11,813

Total Cash In

£199,963

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£435,000

Mortgage (After Refinance)

£326,250

Mortgage LTV

75%

Cash Left In

£199,963

Equity

£108,750

Rent Range

£1,700 - £5,500

Rent Estimate

£2,500

Running Costs/mo

£1,879

Cashflow/mo

£621

Cashflow/yr

£7,448

ROI

4%

Gross Yield

7%

Local Sold Prices

50 sold prices from £255K to £680K, average is £478.8K. £3.1K/m² to £7.1K/m², average is £4.8K/m².

PriceDateDistanceAddressBeds 
£660K09/220.05 mi147, Lansdowne Road, Ilford, Greater London IG3 8NQ3
£470K10/210.11 mi170, Cambridge Road, Ilford, Greater London IG3 8NA3
£440K01/210.11 mi9, Beddington Road, Ilford, Greater London IG3 8PD3
£435K11/200.11 mi14, Mitcham Road, Ilford, Greater London IG3 8QW3
£638K11/220.11 mi98, Pembroke Road, Ilford, Greater London IG3 8PF3
£517.5K10/220.11 mi179, Cambridge Road, Ilford, Greater London IG3 8NA3
£506K01/230.11 mi155, Chester Road, Ilford, Greater London IG3 8PY3
£565K03/220.13 mi28, Beddington Road, Ilford, Greater London IG3 8PD3
£450K06/210.13 mi96, St Albans Road, Ilford, Greater London IG3 8NW3
£425K01/210.14 mi20, Wallington Road, Ilford, Greater London IG3 8QQ3
£380K03/210.16 mi18, Meads Lane, Ilford, Greater London IG3 8QA3
£495K02/210.17 mi149, Cambridge Road, Ilford, Greater London IG3 8LZ3
£375.5K03/210.19 mi64, Farnham Road, Ilford, Greater London IG3 8QD3
£480K06/210.2 mi28, Downshall Avenue, Ilford, Greater London IG3 8NB3
£495K07/230.2 mi10, Downshall Avenue, Ilford, Greater London IG3 8NB3
£465K10/220.23 mi168, Westwood Road, Ilford, Greater London IG3 8SA3
£430K12/200.25 mi127, Blythswood Road, Ilford, Greater London IG3 8SQ3
£490K06/230.26 mi48, Westwood Road, Ilford, Greater London IG3 8RZ3
£435K03/210.26 mi74, Westwood Road, Ilford, Greater London IG3 8RZ3
£534K02/210.28 mi327, Aldborough Road South, Ilford, Greater London IG3 8JE3
£470K01/210.28 mi32, Spencer Road, Ilford, Greater London IG3 8PW3
£460K03/210.29 mi31, Blythswood Road, Ilford, Greater London IG3 8SJ3
£505K05/230.29 mi85, Kingswood Road, Ilford, Greater London IG3 8UB3
£410K10/200.3 mi33, Chester Road, Ilford, Greater London IG3 8PT3
£410K02/210.3 mi27, Chester Road, Ilford, Greater London IG3 8PT3
£385K06/210.31 mi8, Chester Road, Ilford, Greater London IG3 8PS3
£350K12/220.31 mi20, Chester Road, Ilford, Greater London IG3 8PS3
£650K02/230.31 mi25, St Johns Road, Ilford, Greater London IG2 7BB3
£475K07/230.34 mi25, Chepstow Crescent, Ilford, Greater London IG3 8JJ3
£450K03/210.34 mi12, Kimberley Avenue, Ilford, Greater London IG2 7AT3
£535K06/210.35 mi62, Brook Road, Ilford, Greater London IG2 7EY3
£550K11/220.39 mi45, Church Road, Ilford, Greater London IG2 7ET3
£500K05/210.41 mi39, Ladysmith Avenue, Ilford, Greater London IG2 7AX3
£477.5K02/210.42 mi31, Hertford Road, Ilford, Greater London IG2 7HE3
£580K05/210.44 mi26, Brancaster Road, Ilford, Greater London IG2 7ER3
£465K12/220.44 mi67, Vernon Road, Ilford, Greater London IG3 8DJ3
£450K06/210.45 mi113, Aldborough Road South, Ilford, Greater London IG3 8HS3
£475K03/210.46 mi64, Vernon Road, Ilford, Greater London IG3 8DL3
£555K01/230.46 mi93, Aldborough Road South, Ilford, Greater London IG3 8HS3
£510K11/200.47 mi7, Holland Park Avenue, Ilford, Greater London IG3 8JR3
£560K03/210.48 mi82, Stainforth Road, Ilford, Greater London IG2 7EL3
£590K06/210.48 mi94, Stainforth Road, Ilford, Greater London IG2 7EL3
£680K01/230.49 mi35, Stainforth Road, Ilford, Greater London IG2 7EJ3
£530K11/200.49 mi58, Stainforth Road, Ilford, Greater London IG2 7EJ3
£485K11/220.5 mi16, Barley Lane, Ilford, Greater London IG3 8XF3
£255K06/210.51 mi25, Felbrigge Road, Ilford, Greater London IG3 8DN3
£450K05/210.52 mi160, Eccleston Crescent, Romford, Greater London RM6 4RD3
£530K01/230.53 mi17, Primrose Avenue, Romford, Greater London RM6 4QB3
£575K10/200.53 mi110, Felbrigge Road, Ilford, Greater London IG3 9XJ3
£417K11/210.56 mi4, Salisbury Road, Seven Kings, Ilford, Greater London IG3 8BE3

Local Rents

47 rents from £1.7K/mo to £5.5K/mo, average is £2.4K/mo.

RentDateDistanceAddressBeds 
£2,40012/240.03 mi-3
£2,40012/240.05 mi-3
£2,40012/240.05 mi-3
£2,50007/240.08 mi-3
£2,60006/240.08 mi-3
£2,60005/240.08 miCambridge Road, Ilford, IG33
£2,20006/240.09 miMeads Lane, Ilford, Essex, IG33
£2,05006/240.1 mi-3
£2,20004/240.1 miMeads Lane, Seven Kings, Ilford, Essex, IG3 3
£2,20006/240.1 miMeads Lane, Seven Kings, Ilford, Essex, IG3 3
£5,50004/240.13 mi-3
£3,00004/240.13 miSt. Albans Road, Seven Kings3
£3,10006/240.13 miSt. Albans Road, Seven Kings3
£3,10006/240.13 mi-3
£2,40012/240.23 mi-3
£2,10002/250.23 mi-3
£2,50012/240.26 mi-3
£2,60012/240.26 mi-3
£2,20012/240.28 mi-3
£2,40005/240.29 mi-3
£2,40004/240.29 miWestwood Road, Ilford, IG33
£2,30005/240.3 miSeven Kings, IG2 7BA3
£2,40004/240.31 miWards Road, IG23
£2,40012/240.32 mi-3
£2,70012/240.4 mi-3
£2,70012/240.4 mi-3
£1,85002/250.4 mi-3
£3,00002/250.41 mi-3
£3,00003/250.41 mi-3
£2,60012/240.41 mi-3
£2,60012/240.41 mi-3
£2,50001/240.49 miEastern Avenue, Newbury Park, IG23
£2,40007/240.53 mi-3
£3,00012/240.54 mi-3
£2,20012/240.55 mi-3
£2,20005/240.57 mi-3
£2,20012/240.57 mi-3
£2,20005/240.57 miCotswold Gardens, Ilford, IG23
£2,20005/240.57 miCotswold Gardens, Ilford, IG23
£2,50002/250.59 mi-3
£2,50003/250.59 mi-3
£2,40003/250.59 mi-3
£2,30003/250.59 mi-3
£2,30004/240.61 miElmstead road3
£2,20004/240.61 mi-3
£2,40003/250.62 mi-3
£1,70012/240.62 mi-3

Local Area Statistics

Population in IG3

35,543

Population in Ilford

181,468

Town centre distance

0.91 miles away

Nearest school

0.20 miles away

Nearest train station

0.50 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-19%

Sales demand

Balanced market

Capital growth (5yrs)

+23%

Property History

Listed for £450,000

December 6, 2023

Description

Being sold with NO ONWARD CHAIN and in need of COMPLETE REMODENISATION is this THREE BEDROOM mid terrace Victorian house.

There is many original features to this property, however the property has been neglected, due to unforeseen circumstances.
Situated within the heart of Seven Kings with all local amenities on the doorstep, this property is in a prime location.

Tenure: Freehold
EPC Rating F
Council Tax Band D

* Three Bedrooms
* Two Receptions
* First Floor bathroom
* Outside Wc

* Off Street Parking
* Prime Location
* Complete Remodenisation Required
* No Chain

Agent Details

Ashton Estate Agents, Chadwell Heath

020 3834 8678

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪