2 Bed Bungalow, Refurb/BRRR, Ilford, IG5 0QN, £500,000

4 Cheriton Avenue, Clayhall, IG5 0QN - 1 views - 7 months ago

Sold STC
Refurb/BRRR
~100 m²
+10 photos

ValuationFair Value

Sold Prices£270K - £575K
Sold Prices/m²£4.9K/m² - £9.6K/m²

 

 

Square Metres

~100.40 m²
Price/m²£5K/m²

Value Estimate

£510,000

 

 

End Value (After Refurb)

£569,278

Uplift in Value

+14%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£125,000

Stamp Duty & Legal Fees

£41,200

Refurb Costs

£53,296

Bridging Loan Interest

£13,125

Total Cash In

£234,371

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£569,278

Mortgage (After Refinance)

£426,959

Mortgage LTV

75%

Cash Released

£51,959

Cash Left In

£182,413

Equity

£142,320

Rent Range

£1,450 - £4,000

Rent Estimate

£1,956

Running Costs/mo

£2,190

Cashflow/mo

£-234

Cashflow/yr

£-2,810

Gross Yield

5%

Local Sold Prices

50 sold prices from £270K to £575K, average is £447.5K. £4.9K/m² to £9.6K/m², average is £6.3K/m².

PriceDateDistanceAddressBeds 
£430K02/210.05 mi28, Cheriton Avenue, Ilford, Greater London IG5 0QN2
£450K01/210.07 mi5, Caterham Avenue, Ilford, Greater London IG5 0QA2
£535K10/210.16 mi251, Clayhall Avenue, Ilford, Greater London IG5 0NY2
£420K04/230.17 mi81, Caterham Avenue, Ilford, Greater London IG5 0QB2
£510K06/210.19 mi55, Strafford Avenue, Ilford, Greater London IG5 0TJ2
£515K09/220.27 mi268, Clayhall Avenue, Ilford, Greater London IG5 0TD2
£485K06/230.28 mi2, Berkeley Avenue, Ilford, Greater London IG5 0UR2
£425K03/210.28 mi6, Tiverton Avenue, Ilford, Greater London IG5 0LA2
£575K08/220.29 mi13, Basildon Avenue, Clayhall, Ilford, Greater London IG5 0QE2
£470K06/210.29 mi14, Berkeley Avenue, Ilford, Greater London IG5 0UP2
£565K05/230.34 mi35, Atherton Road, Ilford, Greater London IG5 0PF2
£495K09/220.34 mi6, Basildon Avenue, Clayhall, Ilford, Greater London IG5 0QD2
£435K11/200.39 mi21, Sheldon Avenue, Ilford, Greater London IG5 0UD2
£435K11/200.39 mi21, Sheldon Avenue, Ilford, Greater London IG5 0UD2
£537K05/220.4 mi79, Marlands Road, Ilford, Greater London IG5 0JJ2
£460K11/210.4 mi43, Dunspring Lane, Ilford, Greater London IG5 0UA2
£375K06/210.41 mi77, Ravensbourne Gardens, Ilford, Greater London IG5 0XQ2
£455K11/200.41 mi13, Ryecroft Avenue, Ilford, Greater London IG5 0UQ2
£487.5K04/220.42 mi8, Jerningham Avenue, Ilford, Greater London IG5 0UG2
£520K01/220.42 mi37, Marlborough Drive, Ilford, Greater London IG5 0JW2
£430K03/230.45 mi48, Beaminster Gardens, Ilford, Greater London IG6 2BW2
£475K10/220.47 mi52, Belvedere Avenue, Ilford, Greater London IG5 0UH2
£430K12/200.51 mi45, Ashley Avenue, Ilford, Greater London IG6 2JF2
£440K06/210.54 mi11, Emsworth Road, Ilford, Greater London IG6 2EL2
£475K01/230.59 mi61, Mossford Lane, Ilford, Greater London IG6 2HZ2
£495K09/220.6 mi67, Mossford Lane, Ilford, Greater London IG6 2HZ2
£432.3K06/210.64 mi7, Oakhurst Close, Ilford, Greater London IG6 2LT2
£432.3K06/210.64 mi7, Oakhurst Close, Ilford, Greater London IG6 2LT2
£440K12/220.66 mi11, Timberdene Avenue, Ilford, Greater London IG6 2LS2
£433.2K12/220.68 mi12, Vienna Close, Ilford, Greater London IG5 0PU2
£490K03/210.69 mi44, Woodville Gardens, Ilford, Greater London IG6 1LF2
£490K06/210.69 mi30, Woodville Gardens, Ilford, Greater London IG6 1LF2
£390K11/200.71 mi21, Carrick Drive, Ilford, Greater London IG6 2LX2
£435K03/230.71 mi26, Ludham Close, Ilford, Greater London IG6 2GH2
£400K07/210.72 mi1, Cumberland Close, Ilford, Greater London IG6 2PA2
£445K06/210.73 mi199, Tomswood Hill, Ilford, Greater London IG6 2GD2
£480K08/220.74 mi6, Lodge Hill, Ilford, Greater London IG4 5LJ2
£530K11/220.78 mi35, Portman Drive, Woodford Green, Greater London IG8 8QR2
£445K12/220.79 mi134, Uplands Road, Woodford Green, Greater London IG8 8JW2
£400K06/210.81 mi135, Uplands Road, Woodford Green, Greater London IG8 8JP2
£500K07/230.81 mi15, Canfield Road, Woodford Green, Greater London IG8 8JL2
£565K01/230.84 mi1, Brunswick Gardens, Ilford, Greater London IG6 2QU2
£430K11/200.84 mi36, Brunswick Gardens, Ilford, Greater London IG6 2QU2
£455K03/210.84 mi14, Uplands Road, Woodford Green, Greater London IG8 8JN2
£422K02/210.84 mi62, Uplands Road, Woodford Green, Greater London IG8 8JN2
£437.5K03/210.84 mi5, Roding Avenue, Woodford Green, Greater London IG8 8HZ2
£422.5K06/230.87 mi18, Bronte Close, Ilford, Greater London IG2 6XS2
£270K03/210.89 mi1, Marlowe Close, Ilford, Greater London IG6 2LP2
£552K05/210.89 mi18, Beattyville Gardens, Ilford, Greater London IG6 1JN2
£420K03/210.92 mi12, Burford Close, Ilford, Greater London IG6 1ER2

Local Rents

43 rents from £1.4K/mo to £4K/mo, average is £1.8K/mo.

RentDateDistanceAddressBeds 
£1,65004/240.16 mi-2
£1,65004/240.16 mi-2
£2,00012/240.24 mi-2
£2,10004/250.26 mi-2
£1,90012/240.27 mi-2
£4,00001/250.28 mi-2
£3,80004/240.28 mi-2
£1,45001/250.28 mi-2
£2,19504/250.3 mi-2
£2,19504/250.3 mi-2
£1,79012/240.35 mi-2
£1,79012/240.35 mi-2
£2,00002/250.35 mi-2
£1,85005/240.35 mi-2
£1,80004/240.36 miRavensbourne Gardens, Ilford, IG52
£2,00005/240.38 miTiptree Crescent, IG5 0SZ2
£2,00005/240.38 miTiptree Crescent, IG5 0SZ2
£1,90004/250.38 mi-2
£1,90005/240.46 mi-2
£1,70004/250.46 mi-2
£1,80012/240.53 mi-2
£1,80012/240.53 mi-2
£1,80003/250.53 mi-2
£2,10004/240.54 miThe Manor, Repton Park, Woodford Green, IG82
£2,20012/240.54 mi-2
£2,25005/240.55 miThe Manor, Regents Drive, Woodford Green, Greater London, IG82
£1,78504/250.58 mi-2
£1,75003/250.58 mi-2
£1,75004/240.58 mi-2
£1,75002/250.59 mi-2
£1,50007/240.6 miLongwood Gardens, Barkingside2
£1,85004/240.6 mi-2
£1,80011/240.6 mi-2
£1,75006/240.61 miHatfield Close, Ilford, IG62
£1,85007/240.61 miHatfield Close, Ilford, IG62
£1,70008/240.61 miHatfield Close, Ilford, IG62
£1,75006/240.61 mi-2
£1,70008/240.61 mi-2
£1,70008/240.61 mi-2
£1,59507/240.61 miLongwood Gardens, Ilford, Essex, IG62
£1,70007/240.61 miHatfield Close, Ilford, IG62
£1,80004/240.61 mi-2
£2,19504/240.62 miRosebury Square, Repton Park IG82

Local Area Statistics

Population in IG5

16,823

Population in Ilford

181,468

Town centre distance

1.43 miles away

Nearest school

0.10 miles away

Nearest train station

1.18 miles away

 

 

Rental growth (12m)

+5%

Sales demand

Seller's market

Capital growth (5yrs)

+19%

Property History

Listed for £500,000

October 7, 2024

Floor Plans

Description

  • Guide Price £500,000 - £525,000 +
  • 2 Bedroom Semi Detached Bungalow +
  • Ready to Leave Your Own Mark On +
  • Spacious Rooms +
  • Ideally Located for access to Caterham School and Community Centre +
  • Fantastic Transport Links +
  • No Onward Chain +
  • Large Rear Garden +
  • Off Road Parking +
  • Potential to Enlarge (STPP) +

Guide Price £500,000 - £525,000 *NO ONWARD CHAIN* Positioned in a sought after location in Clayhall is this delightful 2-bedroom semi-detached bungalow is a hidden gem waiting to be discovered. Boasting 2 reception rooms, this property offers ample space for relaxation and entertainment.

The bungalow presents a wonderful opportunity for those looking to create their dream home. Although in need of modernisation, this property is being sold chain-free, allowing you the freedom to put your personal touch on it.

Convenience is key with off-road parking at the front, a garage, and an additional lean-to, providing plenty of space for your vehicles and storage needs. The proximity to the community centre and Caterham school adds to the appeal of this location, making it ideal for families. Given the opportunity to enlarged the house (STPP) the home can grow with your family.

Transport links are excellent, ensuring easy access to the surrounding areas. The large rear garden is a green oasis waiting to be transformed into your own private sanctuary. Inside, the spacious rooms offer versatility and comfort, making this bungalow a canvas for your imagination.

Don't miss out on this fantastic opportunity to own a property with great potential in a sought-after location. Book a viewing today and start envisioning the possibilities that this charming bungalow has to offer.

Bowden Bradley Estate Agents are the seller's agent for this property. Your conveyancer is legally responsible for ensuring any purchase agreement fully protects your position. We make detailed enquiries of the seller to ensure the information provided is as accurate as possible. Please inform us if you become aware of any information being inaccurate.

Porch -

Living Room - 5.66m x 3.40m (18'7 x 11'2) -

Dining Room - 4.04m x 2.92m (13'3 x 9'7 ) -

Kitchen - 3.48m x 2.49m (11'5 x 8'2) -

Bathroom -

Bedroom - 3.35m x 3.23m (11'0 x 10'7) -

Bedroom - 3.15m x 2.29m (10'4 x 7'6 ) -

Lean To - 5.84m x 2.16m (19'2 x 7'1) -

Garage - 4.75m x 2.13m (15'7 x 7'0) -

Garden -

Agent Details

Bowden Bradley, Hainault

020 3907 7766

Next Steps?

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