3 Bed Flat, Refurb/BRRR, London, E12 5PW, £465,000

Little Ilford Lane, Manor Park, E12 5PW - 5 views - 6 months ago

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

ValuationOvervalued

Sold Prices£177.5K - £620K
Sold Prices/m²£3.1K/m² - £8.1K/m²

 

 

Square Metres

~93 m²
Price/m²£5K/m²

Value Estimate

£365,246

 

 

End Value (After Refurb)

£465,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£116,250

Stamp Duty & Legal Fees

£26,700

Refurb Costs

£49,200

Bridging Loan Interest

£12,206

Total Cash In

£206,106

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£465,000

Mortgage (After Refinance)

£348,750

Mortgage LTV

75%

Cash Left In

£206,106

Equity

£116,250

Rent Range

£1,600 - £3,500

Rent Estimate

£2,483

Running Costs/mo

£1,970

Cashflow/mo

£513

Cashflow/yr

£6,159

ROI

3%

Gross Yield

6%

Local Sold Prices

29 sold prices from £177.5K to £620K, average is £327.5K. £3.1K/m² to £8.1K/m², average is £4.3K/m².

PriceDateDistanceAddressBeds 
£375K01/210.19 mi117, Sixth Avenue, London, Greater London E12 5PS3
£250K12/200.2 mi56, Daines Close, London, Greater London E12 5LQ3
£430K03/210.3 mi65a, Second Avenue, London, Greater London E12 6EJ3
£380.5K12/220.55 mi209a, Capel Road, London, Greater London E12 5DB3
£400K05/210.66 mi27, Queensberry Place, London, Greater London E12 6UN3
£255K01/211.02 mi47, Harts Lane, Barking, Greater London IG11 8NA3
£278K05/211.05 mi132, Cowbridge Lane, Barking, Greater London IG11 8LJ3
£413.3K10/221.06 mi526a, Katherine Road, London, Greater London E7 8EA3
£268K12/201.07 mi77, Buttsbury Road, Ilford, Greater London IG1 2PN3
£300K09/221.08 mi35, Medway Close, Ilford, Greater London IG1 2PW3
£275K12/201.12 mi54a, Caulfield Road, London, Greater London E6 2EN3
£620K08/221.22 mi46a, Capel Road, London, Greater London E7 0JP3
£586K01/211.22 mi46a, Capel Road, London, Greater London E7 0JP3
£295K08/221.23 mi81, Blackthorn Road, Ilford, Greater London IG1 2NS3
£201K06/211.29 mi44a, Fanshawe Avenue, Barking, Greater London IG11 8RG3
£315K06/211.36 mi32a, Lloyd Road, London, Greater London E6 2HR3
£350K09/211.41 mi100, Glenparke Road, London, Greater London E7 8BW3
£270K10/211.51 mi39b, Ripple Road, Barking, Greater London IG11 7NX3
£290K07/231.55 mi54, Friars Close, Ilford, Greater London IG1 4AZ3
£261K01/211.6 mi66, Linsdell Road, Barking, Greater London IG11 7LJ3
£415.3K08/221.61 mi32a, Chaucer Road, London, Greater London E7 9NB3
£570K05/221.67 mi153, Quebec Road, Ilford, Greater London IG2 6AP3
£320K06/211.68 mi135, Flanders Road, London, Greater London E6 6BL3
£470K11/201.85 mi17b, Clova Road, London, Greater London E7 9AQ3
£350K11/201.89 mi200a, Harold Road, London, Greater London E13 0SE3
£393K04/231.9 mi6, Plashet Road, London, Greater London E13 0PU3
£327.5K04/211.9 mi14a, Plashet Road, London, Greater London E13 0PU3
£177.5K10/221.9 mi28a, Plashet Road, London, Greater London E13 0PU3
£362K09/211.96 miFlat 24, Oakhall Court, Harrier Avenue, London, Greater London E11 2JF3

Local Rents

39 rents from £1.6K/mo to £3.5K/mo, average is £2.4K/mo.

RentDateDistanceAddressBeds 
£3,00002/250.08 mi-3
£2,35012/240.14 mi-3
£2,35004/240.2 miFourth Avenue, London, E123
£2,40004/250.21 mi-3
£3,50004/240.24 miDersingham Avenue, London, E123
£2,40012/240.25 mi-3
£2,75003/240.25 miGrantham Road, E123
£2,65004/240.26 mi-3
£2,50003/250.31 mi-3
£2,30004/240.31 miA Second Avenue, London3
£2,30004/240.31 miSecond Avenue, London3
£2,50004/240.32 miSecond Avenue, London, E123
£2,35004/240.33 mi-3
£2,30004/250.36 mi-3
£1,95004/240.42 mi-3
£2,50005/240.42 mi-3
£2,40003/250.42 mi-3
£2,35012/240.44 mi-3
£2,35004/240.44 miRiverdene Road, Ilford, IG13
£2,35012/240.45 mi-3
£2,20012/240.45 mi-3
£3,10002/240.46 miIlford Hill, Ilford, London, IG13
£3,10004/240.46 miOrchestra House, Ilford, IG13
£2,90012/240.46 miIlford Hill, Ilford, London, IG13
£2,01503/250.47 mi-3
£1,85003/240.48 miBritannia Road, Ilford, IG13
£2,35004/240.48 miThornton Road, IG13
£2,70004/250.52 mi-3
£2,50004/250.54 mi-3
£2,60002/250.54 mi-3
£2,65003/250.54 mi-3
£2,40004/240.55 miRixsen Road, Manor Park, London3
£2,40004/240.55 miRixsen Road, Manor Park, London3
£2,50003/240.56 miWarwick Road, Manor Park, London, E123
£2,40005/240.56 miWanstead Park Road, Ilford3
£2,65005/240.57 mi-3
£2,70002/250.6 mi-3
£2,25012/240.62 mi-3
£1,60003/240.62 miEmpress Avenue, Ilford, IG13

Local Area Statistics

Population in E12

41,869

Population in London

4,771,921

Town centre distance

7.28 miles away

Nearest school

0.40 miles away

Nearest train station

0.55 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+6%

Sales demand

Balanced market

Capital growth (5yrs)

+25%

Property History

Price changed to £465,000

November 19, 2024

Listed for £475,000

November 4, 2024

Floor Plans

Description

  • Three Bedrooms +
  • Two Bathrooms +
  • Requires Modernisation +
  • Chain Free +
  • Heart Of Manor Park +
  • Excellent Transport Connections +

Stonebridge are delighted to present this spacious three bedroom terraced house, ideally situated on Little Ilford Lane in the heart of Manor Park. This property features generously sized rooms, including a convenient ground floor bathroom and a first floor bathroom, along with two inviting reception rooms that provide plenty of space for relaxation and entertaining.

While the house would benefit from some modernisation, it offers a fantastic opportunity for buyers looking to personalise their home and maximise its potential. Whether you`re a family in search of ample living space or an investor eager to add value through renovation, this property has much to offer.

Manor Park is a vibrant and well connected neighbourhood with excellent transport links, including Manor Park Station on the Elizabeth Line, which provides quick and easy access to Central London and beyond. Residents can enjoy the nearby scenic green spaces, such as Wanstead Flats, perfect for outdoor activities, leisurely strolls, and family picnics.

Local amenities are plentiful, with a variety of shops, cafes, and well regarded schools all conveniently close by. This lively and welcoming community offers a perfect blend of urban convenience and suburban charm, making it an ideal place to call home.

Don`t miss the chance to explore this property and envision the possibilities it holds!

Notice
Lettings
Stonebridge also offer a professional Lettings and Management Service. If you are considering renting your property, to purchase or are looking at buy to let investments or would like a free review of your current portfolio then please call the lettings manager.

Agents Notes
All dimensions are approximate and are quoted for guidance only, their accuracy cannot be confirmed. Reference to appliances and/or services does not imply they are necessarily in working order or fit for the purpose. Buyers are advised to obtain verification from their solicitors as to the Freehold/Leasehold status of the property, the position regarding any fixtures and fittings and where the property has been extended/converted as to Planning Approval and Building regulations compliance. These do not constitute or form part of an offer or contract nor may be regarded as representations. All interested parties must themselves verify their accuracy.

Agent Details

Stonebridge Estates, London

020 3834 8500

Next Steps?

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