3 Bed Terraced House, Refurb/BRRR, Ilford, IG1 4AB, £425,000

403 Ley Street, Ilford, Greater London, IG1 4AB - 3 views - 8 months ago

Sold STC
Refurb/BRRR
ROI: 3%
92 m²
+6 photos

ValuationUndervalued

Sold Prices£320K - £670K
Sold Prices/m²£3.7K/m² - £7.2K/m²

 

 

Square Metres

92 m²
Price/m²£4.6K/m²

Value Estimate

£444,851

 

 

End Value (After Refurb)

£444,020

Uplift in Value

+-1%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£106,250

Stamp Duty & Legal Fees

£24,700

Refurb Costs

£48,671

Bridging Loan Interest

£11,156

Total Cash In

£192,527

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£444,020

Mortgage (After Refinance)

£333,015

Mortgage LTV

75%

Cash Released

£14,265

Cash Left In

£178,262

Equity

£111,005

Rent Range

£1,900 - £3,000

Rent Estimate

£2,352

Running Costs/mo

£1,878

Cashflow/mo

£474

Cashflow/yr

£5,688

ROI

3%

Gross Yield

7%

Local Sold Prices

50 sold prices from £320K to £670K, average is £485K. £3.7K/m² to £7.2K/m², average is £4.9K/m².

PriceDateDistanceAddressBeds 
£485K09/210.09 mi388, Thorold Road, Ilford, Greater London IG1 4HF3
£470K07/210.11 mi367, Thorold Road, Ilford, Greater London IG1 4HG3
£410K03/210.11 mi343, Thorold Road, Ilford, Greater London IG1 4HG3
£400K04/210.13 mi316, Balfour Road, Ilford, Greater London IG1 4HZ3
£425K12/220.13 mi485, Ley Street, Ilford, Greater London IG2 7QX3
£525K03/210.15 mi204, Wellesley Road, Ilford, Greater London IG1 4LL3
£410K06/210.17 mi22, Carriage Mews, Ilford, Greater London IG1 4GS3
£550K06/210.2 mi172, Coventry Road, Ilford, Greater London IG1 4RG3
£520K10/220.2 mi16, Perth Road, Ilford, Greater London IG2 6AU3
£525K06/210.22 mi256, Thorold Road, Ilford, Greater London IG1 4HA3
£550K05/230.22 mi235, Coventry Road, Ilford, Greater London IG1 4RF3
£329.5K04/210.23 mi291, Ley Street, Ilford, Greater London IG1 4BN3
£500K11/200.25 mi26, Raymond Road, Ilford, Greater London IG2 7EA3
£670K09/220.25 mi33, Raymond Road, Ilford, Greater London IG2 7EA3
£565K03/210.26 mi25, Charter Avenue, Ilford, Greater London IG2 7AB3
£595K03/230.26 mi54, Charter Avenue, Ilford, Greater London IG2 7AB3
£365.9K03/210.28 mi21, Francis Avenue, Ilford, Greater London IG1 1TS3
£485K01/210.28 mi45, Colombo Road, Ilford, Greater London IG1 4RH3
£392K08/210.31 mi200, Ley Street, Ilford, Greater London IG1 4BW3
£522.5K12/200.32 mi101, Wards Road, Ilford, Greater London IG2 7DZ3
£445K03/210.33 mi216, Wards Road, Ilford, Greater London IG2 7DY3
£415K03/210.33 mi214, Wards Road, Ilford, Greater London IG2 7DY3
£495K03/210.36 mi41, Cranley Drive, Ilford, Greater London IG2 6AJ3
£525K06/230.36 mi70, Cranley Drive, Ilford, Greater London IG2 6AJ3
£450K01/210.37 mi130, Perth Road, Ilford, Greater London IG2 6AS3
£525K01/230.37 mi98, Perth Road, Ilford, Greater London IG2 6AS3
£535K12/220.37 mi52, Auckland Road, Ilford, Greater London IG1 4SE3
£443K10/210.38 mi54, Cranley Drive, Ilford, Greater London IG2 6AH3
£435K11/200.38 mi24, Cranley Drive, Ilford, Greater London IG2 6AH3
£320K11/210.39 mi84, Lynn Road, Ilford, Greater London IG2 7DX3
£620K12/220.4 mi4, Westernville Gardens, Ilford, Greater London IG2 6AL3
£555K08/210.4 mi50, Melbourne Road, Ilford, Greater London IG1 4LG3
£410K01/210.4 mi95, St Marys Road, Ilford, Greater London IG1 1QY3
£565K09/210.4 mi54, Brisbane Road, Ilford, Greater London IG1 4SL3
£450K09/220.4 mi109, St Marys Road, Ilford, Greater London IG1 1QY3
£450K04/210.4 mi16, Lancing Road, Ilford, Greater London IG2 7DR3
£555K01/230.41 mi93, Aldborough Road South, Ilford, Greater London IG3 8HS3
£450K06/210.41 mi113, Aldborough Road South, Ilford, Greater London IG3 8HS3
£500K05/210.43 mi39, Ladysmith Avenue, Ilford, Greater London IG2 7AX3
£530K05/230.43 mi23, Westernville Gardens, Ilford, Greater London IG2 6AL3
£560K03/210.45 mi82, Stainforth Road, Ilford, Greater London IG2 7EL3
£590K06/210.45 mi94, Stainforth Road, Ilford, Greater London IG2 7EL3
£455K03/230.45 mi14, Stanley Road, Ilford, Greater London IG1 1RW3
£425K03/210.45 mi126, Stanley Road, Ilford, Greater London IG1 1RB3
£485K09/210.45 mi69, Cranley Road, Ilford, Greater London IG2 6AF3
£475K03/210.47 mi74, Quebec Road, Ilford, Greater London IG2 6AN3
£425K07/210.47 mi34, Cranley Road, Ilford, Greater London IG2 6AD3
£450K03/210.47 mi12, Kimberley Avenue, Ilford, Greater London IG2 7AT3
£500K03/210.49 mi21, Ingleby Road, Ilford, Greater London IG1 4RX3
£380K05/210.49 mi30, Pelham Road, Ilford, Greater London IG1 1RF3

Local Rents

50 rents from £1.9K/mo to £3K/mo, average is £2.3K/mo.

RentDateDistanceAddressBeds 
£2,70004/240.11 mi-3
£2,20006/240.12 mi-3
£2,20005/240.12 miWards Road, London, IG23
£2,60012/240.13 mi-3
£2,20003/240.16 miWellesley Road, IG13
£2,20003/250.24 mi-3
£2,50005/240.25 mi-3
£2,35004/240.25 miRaymond Road, IG23
£2,35005/240.26 miPerth Road, Ilford, IG23
£2,40004/250.27 mi-3
£2,40012/240.28 mi-3
£2,35005/240.28 miPerth Road, IG2 6AR3
£3,00012/240.3 mi-3
£2,70012/240.31 mi-3
£2,70004/240.31 miHigh Road, Ilford, IG13
£2,10002/250.33 mi-3
£2,30004/240.36 mi-3
£2,30004/240.36 miCharter House, High Road, Ilford3
£2,30012/240.36 mi-3
£2,30012/240.36 mi-3
£2,45002/250.36 mi-3
£2,30004/250.36 mi-3
£2,30012/240.37 mi-3
£1,95012/240.37 mi-3
£1,95001/250.37 mi-3
£2,30004/250.37 mi-3
£1,90001/250.39 mi-3
£2,30006/240.39 mi-3
£2,30005/240.39 miLey Street, Ilford, IG23
£2,30005/240.39 miLey Street, Ilford, IG23
£2,30006/240.39 miLey Street, Ilford, IG23
£3,00002/250.4 mi-3
£3,00003/250.4 mi-3
£2,20001/250.43 mi-3
£2,20012/240.43 mi-3
£2,30005/240.43 mi-3
£2,30012/240.43 mi-3
£2,20005/240.46 miCotswold Gardens, Ilford, IG23
£2,20005/240.46 miCotswold Gardens, Ilford, IG23
£2,20005/240.46 mi-3
£2,20012/240.46 mi-3
£2,10012/240.47 mi-3
£2,20003/250.47 mi-3
£2,20002/250.48 mi-3
£2,20004/240.48 mi-3
£2,60005/240.48 miMelford Road, Ilford, IG13
£2,50012/240.48 mi-3
£2,40002/250.49 mi-3
£2,40002/250.49 mi-3
£2,10004/240.5 miValentines Road, Ilford, Essex, IG13

Local Area Statistics

Population in IG1

63,569

Population in Ilford

181,468

Town centre distance

0.80 miles away

Nearest school

0.20 miles away

Nearest train station

0.60 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+7%

Sales demand

Buyer's market

Capital growth (5yrs)

+28%

Property History

Price changed to £425,000

January 3, 2025

Listed for £450,000

August 31, 2024

Sold for £57,750

1997

Floor Plans

Description

  • Three Bedroom Terraced House +
  • Well Located for Central Ilford +
  • Close to Seven Kings School +
  • EPC Rating = D +
  • First Floor Bathroom +
  • Central Heating +
  • Charming Rear Garden +
  • Requires Some Updating Work +
  • Ideal for Local Tube and Rail Travel +

CLOSE TO CENTRAL ILFORD WITH ELIZABETH LINE STATION - An exciting opportunity to purchase this Three Bedroom Terraced Home close to the very popular Seven Kings High School and the Commonwealth Estate plus a short Bus Ride to Central Ilford. The property requires some updating and modernisation therefore this may be ideal for a First Time Buy.
EPC Rating = D

IMPORTANT NOTE TO POTENTIAL PURCHASERS & TENANTS: We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view. POTENTIAL PURCHASERS: Fixtures and fittings other than those mentioned are to be agreed with the seller. POTENTIAL TENANTS: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details. A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions. Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in every case.

ILF230056/2

Agent Details

Reeds Rains, Ilford

020 3889 9041

Next Steps?

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