2 Bed Flat, Refurb/BRRR, Ilford, IG1 2EY, £280,000
Madras Road, Ilford, IG1 2EY - 4 views - 5 months ago
Leasehold
Refurb/BRRR
ROI: 4%
~68 m²





+5 photos
ValuationFair Value
Investment Opportunity
Cash In | |
Purchase Finance | Bridging Loan |
Deposit (25%) | £70,000 |
Stamp Duty & Legal Fees | £16,700 |
Refurb Costs | £36,033 |
Bridging Loan Interest | £7,350 |
Total Cash In | £131,833 |
| |
Cash Out | |
Monetisation | FlipRefinance & Rent |
Revaluation | £326,899 |
Mortgage (After Refinance) | £245,174 |
Mortgage LTV | 75% |
Cash Released | £35,174 |
Cash Left In | £96,659 |
Equity | £81,725 |
Rent Range | £750 - £2,200 |
Rent Estimate | £1,912 |
Running Costs/mo | £1,424 |
Cashflow/mo | £488 |
Cashflow/yr | £5,856 |
ROI | 4% |
Gross Yield | 8% |
Local Rents
50 rents from £750/mo to £2.2K/mo, average is £1.9K/mo.
Local Area Statistics
Population in IG1 | 63,569 |
Population in Ilford | 181,468 |
Town centre distance | 1.82 miles away |
Nearest school | 0.20 miles away |
Nearest train station | 0.47 miles away |
| |
Rental demand | Landlord's market |
Rental growth (12m) | +7% |
Sales demand | Buyer's market |
Capital growth (5yrs) | +28% |
Property History
Listed for £280,000
November 12, 2024
Floor Plans

Description
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