2 Bed Flat, Planning Permission, Woodford Green, IG8 8RD, £585,000

Regents Drive, Arlington House Regents Drive, IG8 8RD - 7 months ago

Planning
ROI: 2%
~68 m²
+11 photos

ValuationOvervalued

Sold Prices£232K - £670K
Sold Prices/m²£4.2K/m² - £7.6K/m²

 

 

Square Metres

~68.11 m²
Price/m²£8.6K/m²

Value Estimate

£372,575

 

 

End Value (After Refurb)

£460,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£146,250

Stamp Duty & Legal Fees

£47,200

Refurb Costs

£36,033

Bridging Loan Interest

£15,356

Total Cash In

£246,589

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£460,000

Mortgage (After Refinance)

£345,000

Mortgage LTV

75%

Cash Left In

£246,589

Equity

£115,000

Rent Range

£1,500 - £5,500

Rent Estimate

£2,358

Running Costs/mo

£1,929

Cashflow/mo

£429

Cashflow/yr

£5,147

ROI

2%

Gross Yield

5%

Local Sold Prices

51 sold prices from £232K to £670K, average is £315K. £4.2K/m² to £7.6K/m², average is £5.5K/m².

PriceDateDistanceAddressBeds 
£640K06/210.08 miFlat 7, Kensington House, Richmond Drive, Woodford Green, Greater London IG8 8RJ2
£460K02/210.08 miFlat 12, Kensington House, Richmond Drive, Woodford Green, Greater London IG8 8RJ2
£670K04/210.09 miFlat 9, Wentworth House, Hampstead Avenue, Woodford Green, Greater London IG8 8QB2
£600K03/210.1 miFlat 15, Wentworth House, Hampstead Avenue, Woodford Green, Greater London IG8 8QB2
£575K03/210.13 miFlat 2, Osborne House, Hampstead Avenue, Woodford Green, Greater London IG8 8RE2
£450K03/210.13 miFlat 5, The Manor, Regents Drive, Woodford Green, Greater London IG8 8RT2
£630K11/200.15 miFlat 20, Sutherland House, Rosebury Square, Woodford Green, Greater London IG8 8NS2
£477.5K02/210.16 miFlat 1, Bradfield House, The Boulevard, Woodford Green, Greater London IG8 8GR2
£480K11/200.16 miFlat 16, The Manor, Regents Drive, Woodford Green, Greater London IG8 8RT2
£315K02/220.28 mi113, Ravensbourne Gardens, Ilford, Greater London IG5 0XG2
£310K12/200.29 mi123, Ravensbourne Gardens, Ilford, Greater London IG5 0XG2
£305K01/210.29 mi139a, Ravensbourne Gardens, Ilford, Greater London IG5 0XG2
£300K06/210.31 mi23, Wedmore Avenue, Ilford, Greater London IG5 0XF2
£310K02/220.31 mi68, Caernarvon Drive, Ilford, Greater London IG5 0XE2
£275K06/210.31 mi43a, Caernarvon Drive, Ilford, Greater London IG5 0XE2
£300K07/220.34 mi28a, Caernarvon Drive, Ilford, Greater London IG5 0XD2
£343K09/220.35 mi344, Fullwell Avenue, Ilford, Greater London IG5 0RY2
£320K02/220.37 mi22a, Caernarvon Drive, Ilford, Greater London IG5 0XD2
£250K12/220.39 mi304a, Fullwell Avenue, Ilford, Greater London IG5 0SA2
£325K05/220.39 mi282, Fullwell Avenue, Ilford, Greater London IG5 0SA2
£315K02/220.39 mi298a, Fullwell Avenue, Ilford, Greater London IG5 0SA2
£232K02/220.39 mi257a, Fullwell Avenue, Ilford, Greater London IG5 0RD2
£299.6K03/220.39 mi5a, Calne Avenue, Ilford, Greater London IG5 0XB2
£278K06/220.4 mi235a, Fullwell Avenue, Ilford, Greater London IG5 0RB2
£255K03/220.42 mi233a, Fullwell Avenue, Ilford, Greater London IG5 0RB2
£295K02/220.43 mi207a, Fullwell Avenue, Ilford, Greater London IG5 0RA2
£285K07/210.43 mi268, Fullwell Avenue, Ilford, Greater London IG5 0SB2
£275K03/210.45 mi201a, Fullwell Avenue, Ilford, Greater London IG5 0RA2
£355K10/220.47 mi22, Chapelmount Road, Woodford Green, Greater London IG8 8HW2
£297K06/210.49 mi79, Caterham Avenue, Ilford, Greater London IG5 0QB2
£375K06/210.49 mi62, Chapelmount Road, Woodford Green, Greater London IG8 8HW2
£375K06/210.49 mi62, Chapelmount Road, Woodford Green, Greater London IG8 8HW2
£305K11/220.53 mi17, Wallers Close, Woodford Green, Greater London IG8 8BL2
£295K03/230.57 mi1, Love Lane, Woodford Green, Essex IG8 8BH2
£265K11/200.62 mi121a, Fullwell Avenue, Ilford, Greater London IG6 2JG2
£290K03/210.63 mi109, Tomswood Hill, Ilford, Greater London IG6 2HP2
£325K06/210.64 mi46, Shrublands Close, Chigwell, Essex IG7 5EA2
£325K06/210.64 mi46, Shrublands Close, Chigwell, Essex IG7 5EA2
£320K10/200.64 mi41, Shrublands Close, Chigwell, Essex IG7 5EA2
£325K10/200.64 mi32, Shrublands Close, Chigwell, Essex IG7 5EA2
£335K01/210.64 mi25, Shrublands Close, Chigwell, Essex IG7 5EA2
£295K05/210.64 mi52, Shrublands Close, Chigwell, Essex IG7 5EA2
£325K12/210.66 mi9, Westfield Park Drive, Woodford Green, Greater London IG8 8FD2
£335K12/220.67 mi3, Vincent Close, Ilford, Greater London IG6 2SZ2
£323.5K06/210.68 mi19, Shrublands Close, Chigwell, Essex IG7 5DZ2
£280K03/210.69 mi18, Brookside, Ilford, Greater London IG6 2TD2
£278K11/200.69 mi16, Brookside, Ilford, Greater London IG6 2TD2
£320K07/220.7 mi10, Marion Close, Ilford, Greater London IG6 2UD2
£310K08/220.71 mi1, Henrys Walk, Ilford, Greater London IG6 2NR2
£268K06/210.71 mi20, Vincent Close, Ilford, Greater London IG6 2SZ2
£315K08/210.71 mi27, Vincent Close, Ilford, Greater London IG6 2SZ2

Local Rents

21 rents from £1.5K/mo to £5.5K/mo, average is £2.1K/mo.

RentDateDistanceAddressBeds 
£2,30002/250 mi-2
£2,19504/240.13 miRosebury Square, Repton Park IG82
£2,30012/240.15 mi-2
£2,30012/240.15 mi-2
£2,20012/240.16 mi-2
£2,25005/240.16 miThe Manor, Regents Drive, Woodford Green, Greater London, IG82
£2,10004/240.16 miThe Manor, Repton Park, Woodford Green, IG82
£1,85005/240.28 mi-2
£1,80004/240.29 miRavensbourne Gardens, Ilford, IG52
£2,00002/250.31 mi-2
£5,50005/240.34 miManor Road, Chigwell2
£3,80004/240.35 mi-2
£4,00002/250.35 mi-2
£2,10003/250.37 mi-2
£1,90012/240.39 mi-2
£2,07506/240.47 mi-2
£1,80003/250.51 mi-2
£1,60004/240.51 miKnights Way, Hainault, Essex, IG62
£1,50008/240.51 miKnights Way, Ilford, London, IG62
£1,75008/240.59 miTomswood Hill, Hainault2
£1,90008/240.6 miCumberland Close, Barkingside, Ilford, Essex, IG62

Local Area Statistics

Population in IG8

35,894

Town centre distance

1.47 miles away

Nearest school

0.50 miles away

Nearest train station

1.02 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+27%

Sales demand

Balanced market

Capital growth (5yrs)

+12%

Property History

Price changed to £585,000

March 4, 2025

Listed for £600,000

September 23, 2024

Floor Plans

Description

  • Allocated Gated Parking +
  • Duplex +
  • Prestigious Area (Repton Park) +
  • Long Lease +
  • Double Gated Development +
  • 2 Double Bedrooms +
  • 2 WCs +
  • 3D Tour Available +

Discover unparalleled luxury living in this meticulously designed 2 double bedroom duplex apartment, nestled within the prestigious gated enclave of Repton Park on the outskirts of Chigwell. Elevating your lifestyle across two exquisitely appointed floors, the residence greets you with a grand chandelier-adorned living room seamlessly flowing into a chef's kitchen adorned with top-of-the-line integrated appliances. A convenient downstairs WC adds to the allure of the main floor. Ascend to the second level to find two generously sized double bedrooms, complemented by a separate walk-in wardrobe and a lavish bathroom featuring a spacious shower cubicle. Every detail is carefully considered, offering ample storage space throughout to accommodate your every need. This spacious property presents an exciting opportunity for buyers seeking a home with significant development potential. Previously granted planning permission (Reference: 3735/15), now lapsed, proposed the creation of two additional bedrooms and a bathroom above the existing living room and communal staircase, offering a clear blueprint to expand the living space. This potential mirrors the successful loft conversion already completed in a neighboring apartment, demonstrating the feasibility of enhancing the property further. Ideal for investors or those looking to craft a bespoke family home, this property combines opportunity with a solid foundation. Ensuring both security and convenience, the property includes allocated gated parking for your peace of mind. Don't miss the opportunity to experience the epitome of refined living. Contact a member of the Birchills Team today to secure your early viewing. With such remarkable features, this exceptional home is sure to be snapped up swiftly. 3D Tour, Available Upon Request.

EPC Rating: C

Agent Details

Birchills, London

020 3909 9252

Next Steps?

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