3 Bed Terraced House, Refurb/BRRR, Ilford, IG1 2TB, £400,000

312D Mortlake Road, Ilford, IG1 2TB - 3 views - 5 months ago

Sold STC
Refurb/BRRR
ROI: 3%
~93 m²
+10 photos

ValuationUndervalued

Sold Prices£207K - £580K
Sold Prices/m²£2.9K/m² - £7.4K/m²

 

 

Square Metres

~93 m²
Price/m²£4.3K/m²

Value Estimate

£453,200
BMV3%

 

 

End Value (After Refurb)

£427,800

Uplift in Value

+-3%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£100,000

Stamp Duty & Legal Fees

£23,900

Refurb Costs

£49,200

Bridging Loan Interest

£10,500

Total Cash In

£185,350

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£427,800

Mortgage (After Refinance)

£320,850

Mortgage LTV

75%

Cash Released

£20,850

Cash Left In

£164,500

Equity

£106,950

Rent Range

£850 - £3,100

Rent Estimate

£2,372

Running Costs/mo

£1,831

Cashflow/mo

£541

Cashflow/yr

£6,489

ROI

4%

Gross Yield

7%

Local Sold Prices

50 sold prices from £207K to £580K, average is £456.8K. £2.9K/m² to £7.4K/m², average is £4.9K/m².

PriceDateDistanceAddressBeds 
£470K01/230.04 mi168, Henley Road, Ilford, Greater London IG1 2TR3
£325K01/210.05 mi49, Eton Road, Ilford, Greater London IG1 2UD3
£495K07/230.11 mi31, Staines Road, Ilford, Greater London IG1 2XA3
£207K04/230.11 mi69, Staines Road, Ilford, Greater London IG1 2XA3
£478K01/230.11 mi128, Staines Road, Ilford, Greater London IG1 2UY3
£432K06/210.11 mi230, Henley Road, Ilford, Greater London IG1 2TW3
£425K11/200.12 mi142, Eton Road, Ilford, Greater London IG1 2UJ3
£460K11/210.12 mi275, Henley Road, Ilford, Greater London IG1 2TN3
£410K02/210.15 mi197, Kingston Road, Ilford, Greater London IG1 1PF3
£456K01/210.15 mi186, Kingston Road, Ilford, Greater London IG1 1PF3
£407K01/210.19 mi159, Windsor Road, Ilford, Greater London IG1 1HE3
£435K11/210.19 mi149, Hampton Road, Ilford, Greater London IG1 1PR3
£433K04/210.22 mi118, Richmond Road, Ilford, Greater London IG1 1JX3
£425K02/230.23 mi296, Hampton Road, Ilford, Greater London IG1 1PL3
£367.5K12/200.25 mi12, Eton Road, Ilford, Greater London IG1 2UE3
£485K06/230.26 mi323, Kingston Road, Ilford, Greater London IG1 1PJ3
£510K07/230.27 mi73, Gordon Road, Ilford, Greater London IG1 1SL3
£382K11/200.29 mi31, Eton Road, Ilford, Greater London IG1 2UD3
£391K11/200.29 mi69, Eton Road, Ilford, Greater London IG1 2UD3
£475K01/230.29 mi11, South Park Road, Ilford, Greater London IG1 1SZ3
£450K06/210.29 mi116, South Park Road, Ilford, Greater London IG1 1SZ3
£565K02/230.29 mi49, Park Road, Ilford, Greater London IG1 1SF3
£580K12/220.31 mi2, Tylehurst Gardens, Ilford, Greater London IG1 2QL3
£455K07/220.32 mi23, Craigen Gardens, Ilford, Greater London IG3 9FG3
£350K09/210.34 mi104, Grange Road, Ilford, Greater London IG1 1EX3
£440K03/210.34 mi248, Staines Road, Ilford, Greater London IG1 2UP3
£472K04/210.34 mi276, Staines Road, Ilford, Greater London IG1 2UP3
£455K04/230.35 mi200, Eton Road, Ilford, Greater London IG1 2UN3
£457.5K06/210.35 mi347, Eton Road, Ilford, Greater London IG1 2UN3
£430K02/210.35 mi23, Mortlake Road, Ilford, Greater London IG1 2SX3
£520K06/210.35 mi74, Richmond Road, Ilford, Greater London IG1 1JZ3
£500K01/210.36 mi42, Vine Gardens, Ilford, Greater London IG1 2QJ3
£260K03/210.39 mi17, Fairway Gardens, Ilford, Greater London IG1 2QG3
£505K06/210.4 mi14, Park Road, Ilford, Greater London IG1 1SD3
£560K07/230.42 mi30, Elstree Gardens, Ilford, Greater London IG1 2QQ3
£513K03/210.42 mi82, South Park Terrace, Ilford, Greater London IG1 1YB3
£535K10/220.44 mi39, Chudleigh Crescent, Ilford, Greater London IG3 9AT3
£470K11/200.44 mi49, Chudleigh Crescent, Ilford, Greater London IG3 9AT3
£517.5K04/210.45 mi51, Bedford Road, Ilford, Greater London IG1 1EL3
£525K06/210.45 mi343, Mortlake Road, Ilford, Greater London IG1 2TQ3
£525K06/210.45 mi343, Mortlake Road, Ilford, Greater London IG1 2TQ3
£485K01/230.46 mi3, Park Road, Ilford, Greater London IG1 1SB3
£515K04/210.48 mi14, Tavistock Gardens, Ilford, Greater London IG3 9BE3
£530K06/210.48 mi46, Tavistock Gardens, Ilford, Greater London IG3 9BE3
£565K07/230.49 mi55, Belmont Road, Ilford, Greater London IG1 1YW3
£425K01/210.51 mi131, South Park Drive, Ilford, Greater London IG3 9AD3
£455K06/210.51 mi149, South Park Drive, Ilford, Greater London IG3 9AD3
£415K01/230.51 mi103, Green Lane, Ilford, Greater London IG1 1XL3
£455K03/230.52 mi14, Stanley Road, Ilford, Greater London IG1 1RW3
£350K07/230.53 mi68, Hunter Road, Ilford, Greater London IG1 2NW3

Local Rents

31 rents from £850/mo to £3.1K/mo, average is £2.3K/mo.

RentDateDistanceAddressBeds 
£2,00004/240.08 mi-3
£2,50001/250.1 mi-3
£2,20012/240.11 mi-3
£2,40012/240.2 mi-3
£2,50012/240.2 mi-3
£3,10004/240.25 mi-3
£2,30004/240.29 miMeath Road3
£2,50003/250.35 mi-3
£85003/250.39 mi-3
£2,30001/250.49 mi-3
£2,40004/240.49 mi-3
£3,00003/250.5 mi-3
£2,20003/240.52 miBedford Road, IG13
£2,60012/240.52 mi-3
£2,29512/240.52 mi-3
£2,40002/250.53 mi-3
£2,40002/250.53 mi-3
£2,40003/250.53 mi-3
£2,20003/250.53 mi-3
£2,60005/240.53 miMelford Road, Ilford, IG13
£2,50012/240.53 mi-3
£2,30005/240.55 mi-3
£2,30012/240.55 mi-3
£2,30012/240.57 mi-3
£2,30012/240.57 mi-3
£2,70002/250.58 mi-3
£2,20004/240.59 mi-3
£2,20002/250.6 mi-3
£2,30012/240.6 mi-3
£1,90001/250.61 mi-3
£2,20005/240.61 miPark Avenue, Barking3

Local Area Statistics

Population in IG1

63,569

Population in Ilford

181,468

Town centre distance

1.77 miles away

Nearest school

0.20 miles away

Nearest train station

0.78 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+7%

Sales demand

Buyer's market

Capital growth (5yrs)

+28%

Property History

Price changed to £400,000

January 27, 2025

Price changed to £425,000

December 6, 2024

Listed for £440,000

November 1, 2024

Floor Plans

Description

  • Three Bedrooms +
  • Two Receptions +
  • Ground floor WC +
  • First Floor Bathroom/WC +
  • Opportunity for Modernisation +
  • Great Investment Potential +
  • 43ft Garden +
  • Ideal For First Time Buyers +

Presenting a terraced house for sale, offering an exceptional opportunity for families or investors looking for a property with potential. This house requires modernisation, allowing the new owners to imprint their style and create a dream home. The property boasts of three bedrooms, a bathroom located on the first floor, a kitchen, and two reception rooms, perfect for both relaxation and entertainment. Nestled between Ilford Lane and Sunnyside Road, this house boasts an approximately 43ft garden, a treat for gardening enthusiasts or those seeking an outdoor space. The location is ideal with nearby schools, local amenities, and parks, ensuring that all necessities are within reach. There is no doubt that with a bit of love and modernisation, this house can be transformed into a warm and inviting home. An opportunity not to be missed!

Agent Details

Payne & Co, Ilford

020 3873 8289

Next Steps?

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