4 Bed Detached House, Planning Permission, Woodford Green, IG8 8PX, £1,250,000

Grovewood Place, Woodford Green, Essex, IG8 8PX - 9 views - 6 months ago

Planning
ROI: 3%
~129 m²
+8 photos

ValuationOvervalued

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

 

 

Square Metres

~129.26 m²
Price/m²£9.7K/m²

Value Estimate

£675,932

 

 

End Value (After Refurb)

£734,416

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£312,500

Stamp Duty & Legal Fees

£104,950

Refurb Costs

£68,381

Bridging Loan Interest

£32,813

Total Cash In

£520,394

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£734,416

Mortgage (After Refinance)

£550,812

Mortgage LTV

75%

Cash Left In

£520,394

Equity

£183,604

Rent Range

£1,500 - £15,496

Rent Estimate

£4,539

Running Costs/mo

£3,223

Cashflow/mo

£1,316

Cashflow/yr

£15,794

ROI

3%

Gross Yield

4%

Local Sold Prices

50 sold prices from £365K to £1.8M, average is £675K. £3.3K/m² to £7.7K/m², average is £5.3K/m².

PriceDateDistanceAddressBeds 
£725K06/210.02 mi12, Grovewood Place, Woodford Green, Essex IG8 8PX4
£565K04/210.07 mi32, Love Lane, Woodford Green, Essex IG8 8BB4
£661K06/210.08 mi95, Turpins Lane, Woodford Green, Essex IG8 8BA4
£568K02/210.19 mi11, The Childers, Woodford Green, Essex IG8 8EN4
£642K11/200.2 mi36, Ely Place, Woodford Green, Essex IG8 8AG4
£710K06/210.22 mi36, Gwynne Park Avenue, Woodford Green, Greater London IG8 8AB4
£1.3M05/210.23 mi11, Audleigh Place, Chigwell, Essex IG7 5QT4
£690K04/210.23 mi4, St Marys Way, Chigwell, Essex IG7 5BX4
£700K07/220.24 mi1, St Marys Way, Chigwell, Essex IG7 5BX4
£570K11/200.25 mi22, Gwynne Park Avenue, Woodford Green, Greater London IG8 8AB4
£575K10/200.26 mi11, Deacon Way, Woodford Green, Greater London IG8 8DF4
£527K04/210.26 mi9, Purleigh Avenue, Woodford Green, Greater London IG8 8DS4
£700K06/210.29 mi12, Emmaus Way, Chigwell, Essex IG7 5BY4
£650K01/210.29 mi6, Emmaus Way, Chigwell, Essex IG7 5BY4
£705K01/210.29 mi22, Emmaus Way, Chigwell, Essex IG7 5BY4
£560K03/210.31 mi12, Cairns Avenue, Woodford Green, Greater London IG8 8DH4
£795K11/220.32 mi28, Purleigh Avenue, Woodford Green, Greater London IG8 8DU4
£667.5K01/230.32 mi2, Davinia Close, Woodford Green, Greater London IG8 8DG4
£710K01/210.32 mi6, Purleigh Avenue, Woodford Green, Greater London IG8 8DU4
£980K03/210.32 mi20, Rosebury Square, Woodford Green, Greater London IG8 8GT4
£725K02/230.33 mi25, Morgan Way, Woodford Green, Greater London IG8 8DL4
£610K05/210.35 mi645, Chigwell Road, Woodford Green, Greater London IG8 8AJ4
£640.5K03/210.37 mi9, Owen Gardens, Woodford Green, Greater London IG8 8DJ4
£1.2M06/230.38 mi11, The Boulevard, Woodford Green, Greater London IG8 8GW4
£997.5K12/200.38 mi7, The Boulevard, Woodford Green, Greater London IG8 8GW4
£975K09/210.41 mi21, Brandesbury Square, Woodford Green, Greater London IG8 8GU4
£1.3M06/230.41 mi9, Brandesbury Square, Woodford Green, Greater London IG8 8GU4
£533K03/210.41 mi16, Roding Lane North, Woodford Green, Greater London IG8 8NR4
£665K04/210.47 mi8, Roding Avenue, Woodford Green, Greater London IG8 8HZ4
£530K05/210.51 mi34, Gaynes Hill Road, Woodford Green, Greater London IG8 8HX4
£1.0M06/210.54 mi7, Douglas Close, Ilford, Greater London IG6 2DB4
£1.0M06/210.54 mi7, Douglas Close, Ilford, Greater London IG6 2DB4
£675K04/210.56 mi2, Burnett Road, Ilford, Greater London IG6 2DA4
£365K06/210.59 mi10, Crownhill Road, Woodford Green, Greater London IG8 8JG4
£563K04/210.59 mi2, Crownhill Road, Woodford Green, Greater London IG8 8JG4
£675K03/230.6 mi1, Crownhill Road, Woodford Green, Greater London IG8 8JF4
£562K02/210.6 mi28, Copthorne Avenue, Ilford, Greater London IG6 2SQ4
£565K01/210.61 mi5, Vicarage Road, Woodford Green, Greater London IG8 8NH4
£675K05/210.62 mi102, Luxborough Lane, Chigwell, Essex IG7 5AA4
£1.1M08/220.65 mi8, Lyndhurst Rise, Chigwell, Essex IG7 5BA4
£515K10/200.67 mi113, Canfield Road, Woodford Green, Greater London IG8 8JJ4
£1000K05/210.68 mi5, Tudor Close, Chigwell, Essex IG7 5BG4
£1.8M01/210.68 mi45, Stradbroke Drive, Chigwell, Essex IG7 5RA4
£1.6M11/220.69 mi205, High Road, Chigwell, Essex IG7 5BJ4
£450K09/220.69 mi2, Copper Beech Close, Ilford, Greater London IG5 0RX4
£527K11/200.72 mi34, Wannock Gardens, Ilford, Greater London IG6 2SH4
£755K04/210.73 mi27, Chigwell Park Drive, Chigwell, Essex IG7 5BD4
£800K02/210.79 mi35, Coolgardie Avenue, Chigwell, Essex IG7 5AX4
£770K11/200.79 mi27, Coolgardie Avenue, Chigwell, Essex IG7 5AX4
£601K05/230.79 mi470, Chigwell Road, Woodford Green, Greater London IG8 8PB4

Local Rents

29 rents from £1.5K/mo to £15.5K/mo, average is £2.8K/mo.

RentDateDistanceAddressBeds 
£3,75008/240.07 mi-5
£2,80006/240.08 miWoodford Green , IG84
£2,10006/240.11 miBrunel Road, Woodford Green, IG83
£1,95004/240.22 miElmslie Close, Chigwell, Essex, IG83
£2,75001/250.26 mi-3
£2,75001/250.26 mi-3
£8,50005/240.27 miNew Forest Lane, Chigwell, Essex, IG77
£2,80004/240.27 miNew Forest Lane, Chigwell IG73
£12,00004/240.27 miChigwell, IG77
£15,49608/240.32 miForest Lane, Chigwell, Essex, IG77
£2,50004/240.37 miStoneycroft Road, Woodford Green3
£2,50005/240.37 miStoneycroft Road, Woodford Green3
£2,35006/240.37 miStoneycroft Road, Woodford Green3
£3,00005/240.39 miRepton Park, Woodford Green, IG83
£2,75004/240.39 miRepton Park, Woodford Green, IG83
£2,99505/240.39 miRepton Park, Woodford Green, IG83
£2,99506/240.39 miRepton Park, Woodford Green, IG83
£3,50005/240.39 miOsborne House, Woodford Green, Essex, IG83
£12,00012/230.43 miManor Road, Chigwell, Essex, IG77
£12,00012/230.46 miManor Road, Chigwell7
£2,80005/240.48 miDevonshire House, Woodford Green, IG83
£2,80007/240.48 mi-3
£2,75005/240.48 miRichmond Drive, Woodford Green, Greater London, IG83
£2,35005/240.5 miWaltham Road, Woodford Green, IG83
£2,60001/240.59 mi-4
£2,60003/250.59 mi-4
£2,60003/250.59 mi-4
£2,35003/250.6 mi-3
£1,50004/240.61 miCrownhill Road, Woodford Green3

Local Area Statistics

Population in IG8

35,894

Town centre distance

1.11 miles away

Nearest school

0.10 miles away

Nearest train station

0.87 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+27%

Sales demand

Balanced market

Capital growth (5yrs)

+12%

Property History

Listed for £1,250,000

October 14, 2024

Sold for £550,000

2002

Sold for £325,000

1999

Sold for £250,000

1997

Floor Plans

Description

  • Close to Chigwell Station +
  • Situated in a quiet cul-de-sac +
  • Good sized accommodation +
  • Within walking distance of a selection of shops and restaurants +
  • Good selection of schools within the area +

Presented exclusively by Fine and Country, this exquisite house is nestled in a peaceful cul-de-sac. Built in the late 1990s, this charming house offers both style and practicality, with easy access to the A12, M11, and M25, and being just 0.8 miles from Chigwell Station. There is also a number of top-rated private and state schools within the area. Upon entering, you're greeted by a bright and spacious entrance hallway, with a cloakroom, that you leads to a well-equipped kitchen/breakfast room, a utility room and a study. There is also a generous sitting room and a separate dining room—perfect for hosting guests or enjoying family time. Upstairs, there are four spacious bedrooms and a modern bathroom. Bedroom one boasts a large en-suite shower room and built-in wardrobes, providing ample space to relax and unwind. One of the key highlights is the detached double garage, offering not only vehicle storage but also the potential for conversion into a workshop or home office, subject to the relevant planning permissions. With off street parking for up to five cars they is plenty of parking space. With local amenities nearby and excellent transport links to central London, this home offers convenience and comfort in equal measure. So don't miss your chance to make this stunning home yours. Contact us today to arrange a viewing and start your next chapter in this exceptional house.

What the Owner says:

This home has ample space for a growing family over the years. It is well insulated and warm in the winter, giving us less reliance on heating. Being situated in a quiet cul-de-sac it offers the feeling of privacy and tranquillity, this has been especially helpful during and post pandemic where we have often worked from home. The house also has plenty of room for quiet working spaces. We have always had nice friendly neighbours (a few of which have lived here since the inception of the development in 1996/97 and there is a strong community feel living here. We have loved location as we are well placed for local High Road and underground connections and local amenities (schools, supermarkets and healthcare facilities) and it has suited our needs for our work and our child's education leading up to university, hence our living here for 22 years.

Room sizes:

  • Entrance Hall
  • Sitting Room: 22'4 x 12'11 (6.81m x 3.94m)
  • Dining Room: 14'8 x 10'3 (4.47m x 3.13m)
  • Study: 14'0 x 9'6 (4.27m x 2.90m)
  • Kitchen/Breakfast Room: 13'3 x 13'2 (4.04m x 4.02m)
  • Utility Room: 13'3 x 13'2 (4.04m x 4.02m)
  • Landing
  • Bedroom 1: 13'11 x 13'1 (4.24m x 3.99m)
  • En-Suite Shower Room
  • Bedroom 2: 13'11 x 12'8 (4.24m x 3.86m)
  • Bedroom 3: 12'1 x 10'9 (3.69m x 3.28m)
  • Bedroom 4: 11'11 x 7'1 (3.63m x 2.16m)
  • Bathroom
  • Double Garage
  • Off Street Parking
  • Front Garden
  • Rear Garden  
    The information provided about this property does not constitute or form part of an offer or contract, nor may it be regarded as representations. All interested parties must verify accuracy and your solicitor must verify tenure/lease information, fixtures & fittings and, where the property has been extended/converted, planning/building regulation consents. All dimensions are approximate and quoted for guidance only as are floor plans which are not to scale and their accuracy cannot be confirmed. Reference to appliances and/or services does not imply that they are necessarily in working order or fit for the purpose.
     
    We are pleased to offer our customers a range of additional services to help them with moving home. None of these services are obligatory and you are free to use service providers of your choice. Current regulations require all estate agents to inform their customers of the fees they earn for recommending third party services. If you choose to use a service provider recommended by Fine & Country, details of all referral fees can be found at the link below. If you decide to use any of our services, please be assured that this will not increase the fees you pay to our service providers, which remain as quoted directly to you.

Agent Details

Fine & Country, Loughton

020 3866 6801

Next Steps?

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