3 Bed Semi-Detached House, Planning Permission, Ilford, IG2 6EP, £650,000

Cranbrook Road, Ilford, IG2 6EP - 7 months ago

Planning
~93 m²
+20 photos

ValuationOvervalued

Sold Prices£250K - £850K
Sold Prices/m²£3.3K/m² - £7.9K/m²

 

 

Square Metres

~93 m²
Price/m²£7K/m²

Value Estimate

£474,394

 

 

End Value (After Refurb)

£566,250

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£162,500

Stamp Duty & Legal Fees

£40,700

Refurb Costs

£49,200

Bridging Loan Interest

£17,063

Total Cash In

£271,213

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£566,250

Mortgage (After Refinance)

£424,688

Mortgage LTV

75%

Cash Left In

£271,213

Equity

£141,563

Rent Range

£2,000 - £2,750

Rent Estimate

£2,293

Running Costs/mo

£2,248

Cashflow/mo

£45

Cashflow/yr

£538

ROI

0%

Gross Yield

4%

Local Sold Prices

50 sold prices from £250K to £850K, average is £547.5K. £3.3K/m² to £7.9K/m², average is £5.1K/m².

PriceDateDistanceAddressBeds 
£590K01/230.02 mi312, Cranbrook Road, Ilford, Greater London IG2 6EP3
£585K03/230.03 mi471, Cranbrook Road, Ilford, Greater London IG2 6EW3
£630K06/220.03 mi469, Cranbrook Road, Ilford, Greater London IG2 6EW3
£250K06/230.08 mi9a, Beehive Lane, Ilford, Greater London IG1 3RG3
£525K07/230.16 mi9, St Edmunds Road, Ilford, Greater London IG1 3QL3
£610K04/230.25 mi16, Wanstead Lane, Ilford, Greater London IG1 3SB3
£547K02/210.29 mi504, Eastern Avenue, Ilford, Greater London IG2 6EH3
£548K11/200.29 mi12, Southview Crescent, Ilford, Greater London IG2 6DG3
£650K06/230.3 mi2, Lynton Crescent, Ilford, Greater London IG2 6DH3
£567.5K04/210.31 mi256, Perth Road, Ilford, Greater London IG2 6DY3
£505K05/230.31 mi479, Eastern Avenue, Ilford, Greater London IG2 6LS3
£525K10/200.32 mi46, Wanstead Lane, Ilford, Greater London IG1 3SD3
£608K02/210.34 mi40, Middleton Gardens, Ilford, Greater London IG2 6DX3
£505K09/200.34 mi63, Middleton Gardens, Ilford, Greater London IG2 6DX3
£505K09/200.34 mi63, Middleton Gardens, Ilford, Greater London IG2 6DX3
£530K08/210.37 mi83, Cowley Road, Ilford, Greater London IG1 3JJ3
£539K05/210.39 mi3, Avery Gardens, Ilford, Greater London IG2 6UJ3
£530K10/210.39 mi517, Eastern Avenue, Ilford, Greater London IG2 6LT3
£505K09/200.39 mi3, Shere Road, Ilford, Greater London IG2 6TQ3
£620K06/230.39 mi21, Hillview Crescent, Ilford, Greater London IG1 3QD3
£545K11/200.39 mi22, Hillview Crescent, Ilford, Greater London IG1 3QD3
£640K11/200.39 mi19, Hillview Crescent, Ilford, Greater London IG1 3QD3
£605K06/220.39 mi35, Middleton Gardens, Ilford, Greater London IG2 6DS3
£650K04/220.41 mi259, Eastern Avenue, Ilford, Greater London IG4 5AT3
£515K12/210.41 mi283, Eastern Avenue, Ilford, Greater London IG4 5AT3
£560K07/220.41 mi314, Eastern Avenue, Ilford, Greater London IG4 5AA3
£675K02/230.41 mi22, Devonport Gardens, Ilford, Greater London IG1 3QQ3
£490K02/210.42 mi576, Eastern Avenue, Ilford, Greater London IG2 6PH3
£510K04/210.42 mi92, The Drive, Ilford, Greater London IG1 3JH3
£510K04/210.42 mi92, The Drive, Ilford, Greater London IG1 3JH3
£565K10/200.42 mi20, Devonport Gardens, Ilford, Greater London IG1 3QQ3
£512K12/220.43 mi80, Headley Drive, Ilford, Greater London IG2 6LU3
£665K01/230.43 mi261, Eastern Avenue, Ilford, Greater London IG4 5AT3
£650K03/220.44 mi70, Gaysham Avenue, Ilford, Greater London IG2 6TB3
£582K07/230.44 mi157, Roll Gardens, Ilford, Greater London IG2 6TL3
£250K12/220.44 mi82, Roll Gardens, Ilford, Greater London IG2 6TL3
£421K02/210.44 mi16, Sussex Close, Ilford, Greater London IG4 5DP3
£421K02/210.44 mi16, Sussex Close, Ilford, Greater London IG4 5DP3
£680K02/210.45 mi72, Woodford Avenue, Ilford, Greater London IG2 6XF3
£500K05/230.45 mi58, Otley Drive, Ilford, Greater London IG2 6SN3
£570K04/210.46 mi9, Wycombe Road, Ilford, Greater London IG2 6UT3
£650K10/220.46 mi22, Wycombe Road, Ilford, Greater London IG2 6UT3
£580K09/220.46 mi99, Gantshill Crescent, Ilford, Greater London IG2 6TR3
£515K03/210.46 mi561, Eastern Avenue, Ilford, Greater London IG2 6PJ3
£615K11/220.47 mi77, Roll Gardens, Ilford, Greater London IG2 6TP3
£850K12/220.47 mi54, Castleview Gardens, Ilford, Greater London IG1 3QE3
£547K02/210.47 mi108, Headley Drive, Ilford, Greater London IG2 6QL3
£460K09/200.47 mi113, Headley Drive, Ilford, Greater London IG2 6QL3
£575K08/200.47 mi153, The Drive, Ilford, Greater London IG1 3PJ3
£525K03/210.47 mi34, Martley Drive, Ilford, Greater London IG2 6SH3

Local Rents

33 rents from £2K/mo to £2.8K/mo, average is £2.3K/mo.

RentDateDistanceAddressBeds 
£2,00012/240.07 mi-3
£2,00012/240.18 mi-3
£2,00012/240.21 mi-3
£2,15004/240.21 mi-3
£2,20005/240.23 mi-3
£2,40005/240.23 mi-3
£2,20005/240.25 miBeehive Lane, Ilford, IG13
£2,50005/240.26 miEastern Avenue, Gants Hill, Essex IG23
£2,20012/240.26 mi-3
£2,20005/240.26 miBeehive Lane, Gantshill, Essex, IG13
£2,20012/240.4 mi-3
£2,10001/240.41 miPerth Road IG23
£2,20003/240.44 mi-3
£2,02501/250.44 mi-3
£2,35004/240.45 miGloucester Court, The Drive, Ilford IG13
£2,20012/240.45 mi-3
£2,05012/240.45 mi-3
£2,60004/240.47 mi-3
£2,49512/240.49 mi-3
£2,60012/240.51 mi-3
£2,20012/240.51 mi-3
£2,10004/240.57 miValentines Road, Ilford, Essex, IG13
£2,40001/250.58 mi-3
£2,75004/240.58 miOtley Drive, Ilford, IG23
£2,75005/240.58 mi-3
£2,50012/240.58 mi-3
£2,25005/240.59 miIcknield Drive, Gants Hill3
£2,25005/240.59 miIcknield Drive, Gants Hill3
£2,25005/240.59 miIcknield Drive, Gants Hill3
£2,25004/240.59 miIcknield Drive, Gants Hill3
£2,40012/240.59 mi-3
£2,55012/240.61 mi-3
£2,45004/240.61 mi-3

Local Area Statistics

Population in IG2

28,254

Population in Ilford

181,468

Town centre distance

0.83 miles away

Nearest school

0.10 miles away

Nearest train station

0.25 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+24%

Sales demand

Balanced market

Capital growth (5yrs)

+24%

Property History

Listed for £650,000

June 17, 2024

Floor Plans

Description

  • £650,000 - £700,000 Guide Price +
  • Agreed Planning Permission For 6 Meter Rear Extension, Double Storey Rear & Loft Conversion +
  • 0.2 Miles From Gants Hill Central Line Station +
  • Great Schools In Close Proximity Such As Ilford County High, Valentines High School +
  • Backing Onto Valentines Park With Views Over The Lake & Historic Mansion +
  • Potential To Be a Dream Family Home With The Agreed Planning +
  • Currently Boasting 3 Reception Rooms & 3 Bedrooms +
  • Mock Tudor Style Home +
  • Plenty Of Restaurants, Bars & Shops Only a Stones Throw Away +

- Agreed Planning Permission For a 6 Meter Rear Extension, Double Storey & Loft Conversion -

Nestled on the most sought after position of Cranbrook Road in the area of Gants Hill, this semi-detached mock Tudor house is a hidden gem waiting to be discovered. Boasting three reception rooms and three bedrooms this property offers ample space for a growing family.

One of the standout features of this home is its enviable location, with the rear of the house backing onto the picturesque Valentines Park. Imagine waking up to stunning views overlooking the serene lake and historic mansion - a truly idyllic setting.

For those with a vision, this property comes with fully agreed planning permission for a 6-meter rear extension, double-storey extension, and loft conversion. The potential to transform this home into a dream family residence is simply unparalleled.

Convenience is key, and this property delivers with parking space for two vehicles and being a mere 0.2 miles from Gants Hill Station. Additionally, the vibrant neighbourhood offers a plethora of bars and restaurants right at your doorstep, ensuring there is never a dull moment.

Also with being in the catchment area for Ilford County High, Valentines High School and other sought after schools it means that the best education will only be a stones throw away.

In conclusion, this 3-bedroom house is not just a property; it is a canvas waiting for the right owner to paint their dream home upon. With the opportunity to create an open-plan living space at the rear and the breath-taking views of Valentines Park out of your master bedroom, this house is more than just a residence - it is a lifestyle waiting to be embraced. Don't miss out on the chance to turn this property into your forever home.

Externals -

Garden -

Planning -

Hallway -

Living Room - 4.71 x 4.10 (15'5" x 13'5") -

Lounge - 4.87 x 4.06 (15'11" x 13'3") -

Dining Room - 3.46 x 2.88 (11'4" x 9'5") -

Kitchen - 4.50 x 2.05 (14'9" x 6'8") -

Conservatory - 3.50 x 4.10 (11'5" x 13'5") -

Landing -

Bedroom - 3.60 x 2.36 (11'9" x 7'8") -

Bedroom - 5.10 x 4.08 (16'8" x 13'4") -

Bedroom - 4.36 x 3.77 (14'3" x 12'4") -

Bathroom - 1.95 x 2.29 (6'4" x 7'6") -

Agent Details

Bowden Bradley, Hainault

020 3907 7766

Next Steps?

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