4 Bed Terraced House, Refurb/BRRR, Woodford Green, IG8 8AZ, £550,000

27 Turpins Lane, Woodford Green, Essex, IG8 8AZ - 10 views - 7 months ago

Sold STC
Refurb/BRRR
Planning
ROI: 7%
124 m²
+10 photos

ValuationFair Value

Sold Prices£365K - £1.8M
Sold Prices/m²£3.3K/m² - £7.7K/m²

 

 

Square Metres

124 m²
Price/m²£4.4K/m²

Value Estimate

£550,000

 

 

End Value (After Refurb)

£710,786

Uplift in Value

+29%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£137,500

Stamp Duty & Legal Fees

£32,700

Refurb Costs

£65,600

Bridging Loan Interest

£14,438

Total Cash In

£251,988

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£710,786

Agent Fees (1%)

£7,108

Bridging Loan

£412,500

Bridging Loan Interest

£14,438

Flip Profit

£39,190

Local Sold Prices

50 sold prices from £365K to £1.8M, average is £700K. £3.3K/m² to £7.7K/m², average is £5.4K/m².

PriceDateDistanceAddressBeds 
£565K04/210.07 mi32, Love Lane, Woodford Green, Essex IG8 8BB4
£725K06/210.12 mi12, Grovewood Place, Woodford Green, Essex IG8 8PX4
£661K06/210.13 mi95, Turpins Lane, Woodford Green, Essex IG8 8BA4
£568K02/210.14 mi11, The Childers, Woodford Green, Essex IG8 8EN4
£690K04/210.15 mi4, St Marys Way, Chigwell, Essex IG7 5BX4
£700K07/220.15 mi1, St Marys Way, Chigwell, Essex IG7 5BX4
£642K11/200.2 mi36, Ely Place, Woodford Green, Essex IG8 8AG4
£700K06/210.22 mi12, Emmaus Way, Chigwell, Essex IG7 5BY4
£650K01/210.22 mi6, Emmaus Way, Chigwell, Essex IG7 5BY4
£705K01/210.22 mi22, Emmaus Way, Chigwell, Essex IG7 5BY4
£527K04/210.25 mi9, Purleigh Avenue, Woodford Green, Greater London IG8 8DS4
£1.3M05/210.32 mi11, Audleigh Place, Chigwell, Essex IG7 5QT4
£710K06/210.34 mi36, Gwynne Park Avenue, Woodford Green, Greater London IG8 8AB4
£795K11/220.34 mi28, Purleigh Avenue, Woodford Green, Greater London IG8 8DU4
£710K01/210.35 mi6, Purleigh Avenue, Woodford Green, Greater London IG8 8DU4
£570K11/200.36 mi22, Gwynne Park Avenue, Woodford Green, Greater London IG8 8AB4
£575K10/200.39 mi11, Deacon Way, Woodford Green, Greater London IG8 8DF4
£560K03/210.4 mi12, Cairns Avenue, Woodford Green, Greater London IG8 8DH4
£610K05/210.41 mi645, Chigwell Road, Woodford Green, Greater London IG8 8AJ4
£725K02/230.41 mi25, Morgan Way, Woodford Green, Greater London IG8 8DL4
£667.5K01/230.43 mi2, Davinia Close, Woodford Green, Greater London IG8 8DG4
£980K03/210.44 mi20, Rosebury Square, Woodford Green, Greater London IG8 8GT4
£615K10/200.46 mi52, Owen Gardens, Woodford Green, Greater London IG8 8DJ4
£640.5K03/210.46 mi9, Owen Gardens, Woodford Green, Greater London IG8 8DJ4
£533K03/210.49 mi16, Roding Lane North, Woodford Green, Greater London IG8 8NR4
£1.2M06/230.49 mi11, The Boulevard, Woodford Green, Greater London IG8 8GW4
£675K05/210.49 mi102, Luxborough Lane, Chigwell, Essex IG7 5AA4
£997.5K12/200.5 mi7, The Boulevard, Woodford Green, Greater London IG8 8GW4
£1.0M10/200.5 mi10, The Boulevard, Woodford Green, Greater London IG8 8GW4
£975K09/210.51 mi21, Brandesbury Square, Woodford Green, Greater London IG8 8GU4
£1.3M06/230.51 mi9, Brandesbury Square, Woodford Green, Greater London IG8 8GU4
£1.1M08/220.53 mi8, Lyndhurst Rise, Chigwell, Essex IG7 5BA4
£665K04/210.54 mi8, Roding Avenue, Woodford Green, Greater London IG8 8HZ4
£1000K05/210.57 mi5, Tudor Close, Chigwell, Essex IG7 5BG4
£530K05/210.58 mi34, Gaynes Hill Road, Woodford Green, Greater London IG8 8HX4
£1.6M11/220.59 mi205, High Road, Chigwell, Essex IG7 5BJ4
£755K04/210.61 mi27, Chigwell Park Drive, Chigwell, Essex IG7 5BD4
£1.0M06/210.64 mi7, Douglas Close, Ilford, Greater London IG6 2DB4
£1.0M06/210.64 mi7, Douglas Close, Ilford, Greater London IG6 2DB4
£675K04/210.66 mi2, Burnett Road, Ilford, Greater London IG6 2DA4
£800K02/210.67 mi35, Coolgardie Avenue, Chigwell, Essex IG7 5AX4
£770K11/200.67 mi27, Coolgardie Avenue, Chigwell, Essex IG7 5AX4
£562K02/210.67 mi28, Copthorne Avenue, Ilford, Greater London IG6 2SQ4
£1.8M01/210.69 mi45, Stradbroke Drive, Chigwell, Essex IG7 5RA4
£365K06/210.7 mi10, Crownhill Road, Woodford Green, Greater London IG8 8JG4
£563K04/210.7 mi2, Crownhill Road, Woodford Green, Greater London IG8 8JG4
£675K03/230.7 mi1, Crownhill Road, Woodford Green, Greater London IG8 8JF4
£1.4M06/210.71 mi15, Great Owl Road, Chigwell, Essex IG7 6AL4
£565K01/210.72 mi5, Vicarage Road, Woodford Green, Greater London IG8 8NH4
£1000K06/210.74 mi30, Dickens Rise, Chigwell, Essex IG7 6NY4

Local Rents

28 rents from £1.9K/mo to £15.5K/mo, average is £2.8K/mo.

RentDateDistanceAddressBeds 
£2,80006/240.05 miWoodford Green , IG84
£2,10006/240.07 miBrunel Road, Woodford Green, IG83
£3,75008/240.18 mi-5
£2,75001/250.27 mi-3
£2,75001/250.27 mi-3
£15,49608/240.28 miForest Lane, Chigwell, Essex, IG77
£8,50005/240.32 miNew Forest Lane, Chigwell, Essex, IG77
£12,00004/240.32 miChigwell, IG77
£1,95004/240.33 miElmslie Close, Chigwell, Essex, IG83
£2,80004/240.34 miNew Forest Lane, Chigwell IG73
£2,50004/240.41 miStoneycroft Road, Woodford Green3
£2,50005/240.41 miStoneycroft Road, Woodford Green3
£2,35006/240.41 miStoneycroft Road, Woodford Green3
£12,00012/230.44 miManor Road, Chigwell, Essex, IG77
£12,00012/230.47 miManor Road, Chigwell7
£3,00006/240.5 miChigwell, Essex, IG73
£3,50005/240.52 miOsborne House, Woodford Green, Essex, IG83
£3,00005/240.52 miRepton Park, Woodford Green, IG83
£2,75004/240.52 miRepton Park, Woodford Green, IG83
£2,99505/240.52 miRepton Park, Woodford Green, IG83
£2,99506/240.52 miRepton Park, Woodford Green, IG83
£2,35005/240.53 miWaltham Road, Woodford Green, IG83
£5,50007/240.54 miLyndhurst Rise, Chigwell, IG75
£5,50008/240.54 miLyndhurst Rise, Chigwell5
£2,85007/240.57 miPark View, Chigwell, IG73
£2,80005/240.58 miDevonshire House, Woodford Green, IG83
£2,80007/240.58 mi-3
£2,75005/240.6 miRichmond Drive, Woodford Green, Greater London, IG83

Local Area Statistics

Population in IG8

35,894

Town centre distance

1.10 miles away

Nearest school

0.10 miles away

Nearest train station

0.77 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+27%

Sales demand

Balanced market

Capital growth (5yrs)

+12%

Property History

Listed for £550,000

September 11, 2024

Sold for £439,995

2016

Floor Plans

Description

Four-bedroom Mid Terrace House

Chain Free

Arranged Over Three Floors

Many original Features

Two Bathrooms

Potential for Extension Subject To Planning Permission

An Early Viewing Is Advised

Bairstow Eves are pleased to offer to the market Chain Free this four-bedroom Edwardian mid terrace house. Turpin’s Lane is conveniently located to Highly regarded schools, local transport links and amenities. The property is in need to updating throughout but after renovation has the potential to be a contemporary period house. The accommodation is arranged over three floors to provide: Ground floor two receptions rooms and kitchen. Second floor two double bedrooms and bathroom with bath and shower. Third floor two further double bedrooms and shower room. An early viewing is advised to fully appreciate all this property has to offer and its potential.

Agent Details

Bairstow Eves, Chigwell

020 3879 4388

Next Steps?

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