3 Bed Terraced House, Refurb/BRRR, Ilford, IG1 2TA, £450,000

Mortlake Road, ILFORD, IG1 2TA - 3 views - 9 months ago

Sold STC
Refurb/BRRR
Planning
ROI: 3%
~93 m²
+6 photos

ValuationFair Value

Sold Prices£207K - £580K
Sold Prices/m²£2.9K/m² - £7.4K/m²

 

 

Square Metres

~93 m²
Price/m²£4.8K/m²

Value Estimate

£454,432

 

 

End Value (After Refurb)

£427,800

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

£427,800

Mortgage (After Refinance)

£320,850

Mortgage LTV

75%

Cash Left In

£199,963

Equity

£106,950

Rent Range

£850 - £3,100

Rent Estimate

£2,356

Running Costs/mo

£1,828

Cashflow/mo

£528

Cashflow/yr

£6,335

ROI

3%

Gross Yield

6%

Local Sold Prices

50 sold prices from £207K to £580K, average is £456.8K. £2.9K/m² to £7.4K/m², average is £4.9K/m².

PriceDateDistanceAddressBeds 
£470K01/230.03 mi168, Henley Road, Ilford, Greater London IG1 2TR3
£325K01/210.05 mi49, Eton Road, Ilford, Greater London IG1 2UD3
£495K07/230.1 mi31, Staines Road, Ilford, Greater London IG1 2XA3
£207K04/230.1 mi69, Staines Road, Ilford, Greater London IG1 2XA3
£478K01/230.11 mi128, Staines Road, Ilford, Greater London IG1 2UY3
£432K06/210.13 mi230, Henley Road, Ilford, Greater London IG1 2TW3
£410K02/210.13 mi197, Kingston Road, Ilford, Greater London IG1 1PF3
£456K01/210.13 mi186, Kingston Road, Ilford, Greater London IG1 1PF3
£460K11/210.13 mi275, Henley Road, Ilford, Greater London IG1 2TN3
£425K11/200.14 mi142, Eton Road, Ilford, Greater London IG1 2UJ3
£435K11/210.17 mi149, Hampton Road, Ilford, Greater London IG1 1PR3
£407K01/210.18 mi159, Windsor Road, Ilford, Greater London IG1 1HE3
£433K04/210.2 mi118, Richmond Road, Ilford, Greater London IG1 1JX3
£367.5K12/200.23 mi12, Eton Road, Ilford, Greater London IG1 2UE3
£425K02/230.24 mi296, Hampton Road, Ilford, Greater London IG1 1PL3
£382K11/200.27 mi31, Eton Road, Ilford, Greater London IG1 2UD3
£391K11/200.27 mi69, Eton Road, Ilford, Greater London IG1 2UD3
£485K06/230.27 mi323, Kingston Road, Ilford, Greater London IG1 1PJ3
£510K07/230.27 mi73, Gordon Road, Ilford, Greater London IG1 1SL3
£580K12/220.29 mi2, Tylehurst Gardens, Ilford, Greater London IG1 2QL3
£565K02/230.3 mi49, Park Road, Ilford, Greater London IG1 1SF3
£450K06/210.31 mi116, South Park Road, Ilford, Greater London IG1 1SZ3
£475K01/230.31 mi11, South Park Road, Ilford, Greater London IG1 1SZ3
£350K09/210.32 mi104, Grange Road, Ilford, Greater London IG1 1EX3
£430K02/210.33 mi23, Mortlake Road, Ilford, Greater London IG1 2SX3
£520K06/210.34 mi74, Richmond Road, Ilford, Greater London IG1 1JZ3
£455K07/220.34 mi23, Craigen Gardens, Ilford, Greater London IG3 9FG3
£500K01/210.34 mi42, Vine Gardens, Ilford, Greater London IG1 2QJ3
£440K03/210.36 mi248, Staines Road, Ilford, Greater London IG1 2UP3
£472K04/210.36 mi276, Staines Road, Ilford, Greater London IG1 2UP3
£455K04/230.37 mi200, Eton Road, Ilford, Greater London IG1 2UN3
£457.5K06/210.37 mi347, Eton Road, Ilford, Greater London IG1 2UN3
£260K03/210.38 mi17, Fairway Gardens, Ilford, Greater London IG1 2QG3
£505K06/210.4 mi14, Park Road, Ilford, Greater London IG1 1SD3
£560K07/230.41 mi30, Elstree Gardens, Ilford, Greater London IG1 2QQ3
£517.5K04/210.43 mi51, Bedford Road, Ilford, Greater London IG1 1EL3
£513K03/210.44 mi82, South Park Terrace, Ilford, Greater London IG1 1YB3
£485K01/230.46 mi3, Park Road, Ilford, Greater London IG1 1SB3
£535K10/220.46 mi39, Chudleigh Crescent, Ilford, Greater London IG3 9AT3
£470K11/200.46 mi49, Chudleigh Crescent, Ilford, Greater London IG3 9AT3
£525K06/210.47 mi343, Mortlake Road, Ilford, Greater London IG1 2TQ3
£525K06/210.47 mi343, Mortlake Road, Ilford, Greater London IG1 2TQ3
£565K07/230.48 mi55, Belmont Road, Ilford, Greater London IG1 1YW3
£515K04/210.5 mi14, Tavistock Gardens, Ilford, Greater London IG3 9BE3
£530K06/210.5 mi46, Tavistock Gardens, Ilford, Greater London IG3 9BE3
£350K07/230.51 mi68, Hunter Road, Ilford, Greater London IG1 2NW3
£415K01/230.52 mi103, Green Lane, Ilford, Greater London IG1 1XL3
£455K03/230.52 mi14, Stanley Road, Ilford, Greater London IG1 1RW3
£425K01/210.53 mi131, South Park Drive, Ilford, Greater London IG3 9AD3
£455K06/210.53 mi149, South Park Drive, Ilford, Greater London IG3 9AD3

Local Rents

32 rents from £850/mo to £3.1K/mo, average is £2.3K/mo.

RentDateDistanceAddressBeds 
£2,00004/240.09 mi-3
£2,50001/250.1 mi-3
£2,20012/240.11 mi-3
£2,40012/240.22 mi-3
£2,50012/240.22 mi-3
£3,10004/240.23 mi-3
£2,30004/240.28 miMeath Road3
£2,50003/250.33 mi-3
£85003/250.39 mi-3
£2,40004/240.48 mi-3
£2,30001/250.48 mi-3
£3,00003/250.48 mi-3
£2,20003/240.5 miBedford Road, IG13
£2,40003/250.51 mi-3
£2,29512/240.53 mi-3
£2,60012/240.53 mi-3
£2,40002/250.53 mi-3
£2,40002/250.53 mi-3
£2,20003/250.53 mi-3
£2,60005/240.54 miMelford Road, Ilford, IG13
£2,50012/240.54 mi-3
£2,30005/240.55 mi-3
£2,30012/240.55 mi-3
£2,20004/240.59 mi-3
£2,20002/250.59 mi-3
£2,30012/240.59 mi-3
£2,30012/240.59 mi-3
£2,70002/250.6 mi-3
£1,90001/250.6 mi-3
£2,20005/240.61 miPark Avenue, Barking3
£2,35004/240.61 miThornton Road, IG13
£2,10004/240.61 mi-3

Local Area Statistics

Population in IG1

63,569

Population in Ilford

181,468

Town centre distance

1.77 miles away

Nearest school

0.20 miles away

Nearest train station

0.77 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+7%

Sales demand

Buyer's market

Capital growth (5yrs)

+28%

Property History

Listed for £450,000

July 10, 2024

Floor Plans

Description

  • THREE BEDROOMS +
  • GROUND FLOOR BATHROOM/WC +
  • REAR GARDEN +
  • COUNCIL TAX - BAND D +
  • FREEHOLD +
  • EPC - D +

Guide Price £450,000 - £475,000. This property is offered with no onward chain, is in in need of modernisation and offers lots of potential to extend up in the loft, subject to planning permission. A great size family home which benefits from double glazing, gas central heating, two receptions, kitchen leading in to family Bathroom, good size rear garden and three first floor bedrooms. Located at the quiet end of Mortlake Road and within convenient walking distance to South Park, Ilford Lane and its shops and restaurants, Ilford town centre and mainline station with its Elizabeth Line transport links. This property is priced to sell so please call our sales team for an appointment to view.

Agent Details

Payne & Co, Ilford

020 3873 8289

Next Steps?

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