5 Bed Terraced House, Refurb/BRRR, Ilford, IG6 1AD, £575,000

Hamilton Avenue, Ilford, IG6 1AD - 1 views - 6 months ago

Sold STC
Refurb/BRRR
~178 m²
+13 photos

ValuationFair Value

Sold Prices£268K - £1.3M
Sold Prices/m²£2.2K/m² - £20.8K/m²

 

 

Square Metres

~178.28 m²
Price/m²£3.2K/m²

Value Estimate

£580,750

 

 

End Value (After Refurb)

£874,105

Uplift in Value

+52%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£143,750

Stamp Duty & Legal Fees

£34,700

Refurb Costs

£94,317

Bridging Loan Interest

£15,094

Total Cash In

£289,611

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£874,105

Agent Fees (1%)

£8,741

Bridging Loan

£431,250

Bridging Loan Interest

£15,094

Flip Profit

£144,503

Local Sold Prices

37 sold prices from £268K to £1.3M, average is £672.5K. £2.2K/m² to £20.8K/m², average is £4.7K/m².

PriceDateDistanceAddressBeds 
£600K05/210.05 mi57, Bute Road, Ilford, Greater London IG6 1AG5
£660K06/210.07 mi84, Hastings Avenue, Ilford, Greater London IG6 1DU5
£670K02/210.11 mi60, Hatley Avenue, Ilford, Greater London IG6 1EJ5
£950K11/210.31 mi44, Sunnymede Drive, Ilford, Greater London IG6 1JX5
£634K02/210.4 mi70, Kenwood Gardens, Ilford, Greater London IG2 6YQ5
£660K05/210.4 mi33, Gantshill Crescent, Ilford, Greater London IG2 6TT5
£672.5K10/200.41 mi38, Greenleafe Drive, Ilford, Greater London IG6 1LL5
£820K11/220.52 mi67, Rosedene Gardens, Ilford, Greater London IG2 6YD5
£500K06/210.56 mi7, Lonsdale Crescent, Ilford, Greater London IG2 6DE5
£840K02/230.57 mi39, Milton Crescent, Ilford, Greater London IG2 6DN5
£770K09/210.59 mi121, Longwood Gardens, Ilford, Greater London IG5 0EG5
£751K06/210.61 mi76, Beechwood Gardens, Ilford, Greater London IG5 0AG5
£1.1M12/220.67 mi2, Collinwood Gardens, Ilford, Greater London IG5 0AW5
£640K03/210.67 mi19, Collinwood Gardens, Ilford, Greater London IG5 0AW5
£800K10/220.69 mi24, Waverley Gardens, Ilford, Greater London IG6 1PJ5
£650K10/220.7 mi15, Sydney Road, Ilford, Greater London IG6 2ED5
£690K02/210.7 mi67, Woodford Avenue, Ilford, Greater London IG2 6UR5
£700K03/210.71 mi24, Lancing Road, Ilford, Greater London IG2 7DP5
£700K03/210.71 mi24, Lancing Road, Ilford, Greater London IG2 7DP5
£675K03/220.73 mi30, Beechwood Gardens, Ilford, Greater London IG5 0AE5
£638K06/210.81 mi12, Chiltern Road, Ilford, Greater London IG2 7JR5
£750K03/210.83 mi154, Craven Gardens, Ilford, Greater London IG6 1PS5
£610K08/220.84 mi156, Beehive Lane, Ilford, Greater London IG4 5EE5
£660K01/230.86 mi19, Sheldon Avenue, Ilford, Greater London IG5 0UD5
£620K10/200.86 mi116, Rushden Gardens, Ilford, Greater London IG5 0BN5
£720K10/220.88 mi119, Lord Avenue, Ilford, Greater London IG5 0HL5
£268K03/230.9 mi94, Auckland Road, Ilford, Greater London IG1 4SG5
£612.5K02/210.91 mi14, St Edmunds Road, Ilford, Greater London IG1 3QL5
£740K09/210.91 mi3, Ryecroft Avenue, Ilford, Greater London IG5 0UQ5
£595K04/210.92 mi157, Rushden Gardens, Ilford, Greater London IG5 0BL5
£800K02/210.93 mi67, Lord Avenue, Ilford, Greater London IG5 0HN5
£665K12/220.94 mi26, Castleview Gardens, Ilford, Greater London IG1 3QB5
£500K03/210.97 mi312, Balfour Road, Ilford, Greater London IG1 4HZ5
£685K01/210.97 mi73, Herent Drive, Ilford, Greater London IG5 0HF5
£715K10/210.99 mi4, Oakhurst Close, Ilford, Greater London IG6 2LT5
£1.3M12/211 mi2, Lord Avenue, Ilford, Greater London IG5 0HP5
£550K02/211 mi11, Wards Road, Ilford, Greater London IG2 7BA5

Local Rents

50 rents from £1.8K/mo to £8K/mo, average is £2.4K/mo.

RentDateDistanceAddressBeds 
£3,25012/240.03 mi-4
£2,20009/240.05 miBute Road, Ilford, Essex, IG63
£2,00007/240.1 mi-3
£2,35008/240.1 miIlford, IG63
£1,75004/250.1 mi-3
£2,80007/240.12 miHastings Avenue, Ilford4
£2,80008/240.12 mi-3
£2,15004/240.12 mi-3
£2,20004/240.12 mi-3
£2,80007/240.12 mi-3
£2,80007/240.12 mi-4
£2,10011/240.13 mi-3
£2,80012/240.16 mi-4
£2,50004/250.18 mi-3
£2,75007/240.18 miDonington Avenue, Barkingside5
£2,10001/250.2 mi-4
£2,10001/250.2 mi-4
£8,00005/240.2 mi-5
£7,50003/250.2 mi-5
£7,80004/250.2 mi-5
£2,40012/240.21 mi-3
£2,25004/240.21 miIcknield Drive, Gants Hill3
£2,25005/240.21 miIcknield Drive, Gants Hill3
£2,25005/240.21 miIcknield Drive, Gants Hill3
£2,25005/240.21 miIcknield Drive, Gants Hill3
£2,60009/240.22 miHorns Road, Ilford, IG64
£2,30001/250.22 mi-3
£2,70008/240.23 mi-4
£2,55001/250.23 mi-4
£2,60003/250.23 mi-4
£2,05008/240.24 mi-3
£3,00004/240.24 miBarkingside, IG65
£2,05008/240.25 miEmmott Avenue, Ilford, Essex. IG63
£2,45004/240.25 mi-3
£2,50012/240.26 mi-4
£2,25007/240.26 miChase Lane, Barkingside3
£1,90004/240.28 miLittle Gearies, Barkingside3
£1,90005/240.28 miLittle Gearies, Barkingside3
£2,70005/240.28 miGaysham Avenue, Gants Hill4
£2,50012/240.28 mi-3
£3,10012/240.28 mi-4
£2,95004/240.28 miIlford , IG24
£2,40001/250.29 mi-3
£2,60012/240.3 mi-3
£2,50004/250.3 mi-3
£2,00011/240.31 mi-3
£3,30006/240.31 miBrandville Gardens, Ilford, IG64
£2,20004/240.31 mi-3
£2,30004/250.32 mi-3
£2,00008/240.32 mi-3

Local Area Statistics

Population in IG6

27,822

Population in Ilford

181,468

Town centre distance

0.33 miles away

Nearest school

0.20 miles away

Nearest train station

0.49 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+6%

Sales demand

Balanced market

Capital growth (5yrs)

+24%

Property History

Listed for £575,000

October 25, 2024

Floor Plans

Description

  • Five Bedroom Established Family Home +
  • No Chain Involved +
  • Requires Some Internal Modernisation +
  • Awaiting EPC +
  • Popular Location For Gants Hill Central Line +
  • Generous Rear Garden +
  • Spacious Through Lounge/Diner +
  • Scope for Ground Floor Extension (STPP) +
  • Well Located for Some Excellent Local Redbridge Schools +

A FAMILY HOME WITH HUGE POTENTIAL - FIVE BEDROOMS :- Reeds Rains Estate Agents are delighted to offer this Family Home located close to some excellent amenities , local schools and tube stations. With a generous rear garden , there may be scope (STPP) to extend the ground floor living space. This home has been offered to the market for sale with NO CHAIN INVOLVED.
Awaiting EPC

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.

ILF240134/2

Agent Details

Reeds Rains, Ilford

020 3889 9041

Next Steps?

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