3 Bed Terraced House, Refurb/BRRR, Ilford, IG3 9ED, £450,000

20 Dawlish Drive, Ilford, Greater London, IG3 9ED - 1 views - 5 months ago

Sold STC
Refurb/BRRR
ROI: 3%
~93 m²
+7 photos

ValuationFair Value

Sold Prices£425K - £750K
Sold Prices/m²£3.7K/m² - £7.2K/m²

 

 

Square Metres

~93 m²
Price/m²£4.8K/m²

Value Estimate

£454,500

 

 

End Value (After Refurb)

£462,473

Uplift in Value

+3%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£112,500

Stamp Duty & Legal Fees

£24,700

Refurb Costs

£49,200

Bridging Loan Interest

£11,813

Total Cash In

£199,963

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£462,473

Mortgage (After Refinance)

£346,855

Mortgage LTV

75%

Cash Released

£9,355

Cash Left In

£190,608

Equity

£115,618

Rent Range

£850 - £4,000

Rent Estimate

£2,426

Running Costs/mo

£1,950

Cashflow/mo

£476

Cashflow/yr

£5,707

ROI

3%

Gross Yield

6%

Local Sold Prices

50 sold prices from £425K to £750K, average is £471K. £3.7K/m² to £7.2K/m², average is £5K/m².

PriceDateDistanceAddressBeds 
£515K04/210.08 mi14, Tavistock Gardens, Ilford, Greater London IG3 9BE3
£530K06/210.08 mi46, Tavistock Gardens, Ilford, Greater London IG3 9BE3
£535K10/220.1 mi39, Chudleigh Crescent, Ilford, Greater London IG3 9AT3
£470K11/200.1 mi49, Chudleigh Crescent, Ilford, Greater London IG3 9AT3
£455K06/210.11 mi78, Dawlish Drive, Ilford, Greater London IG3 9EE3
£440K03/210.13 mi248, Staines Road, Ilford, Greater London IG1 2UP3
£472K04/210.13 mi276, Staines Road, Ilford, Greater London IG1 2UP3
£455K04/230.14 mi200, Eton Road, Ilford, Greater London IG1 2UN3
£457.5K06/210.14 mi347, Eton Road, Ilford, Greater London IG1 2UN3
£455K07/220.15 mi23, Craigen Gardens, Ilford, Greater London IG3 9FG3
£525K06/210.15 mi343, Mortlake Road, Ilford, Greater London IG1 2TQ3
£525K06/210.15 mi343, Mortlake Road, Ilford, Greater London IG1 2TQ3
£540K11/220.16 mi63, Ashburton Avenue, Ilford, Greater London IG3 9ER3
£570K11/200.17 mi120, Ashburton Avenue, Ilford, Greater London IG3 9EP3
£513K03/210.19 mi82, South Park Terrace, Ilford, Greater London IG1 1YB3
£510K08/210.21 mi85, Meadway, Ilford, Greater London IG3 9BJ3
£425K01/210.23 mi131, South Park Drive, Ilford, Greater London IG3 9AD3
£455K06/210.23 mi149, South Park Drive, Ilford, Greater London IG3 9AD3
£515K07/230.23 mi28, Thurlestone Avenue, Ilford, Greater London IG3 9DU3
£470K09/210.24 mi47, Thurlestone Avenue, Ilford, Greater London IG3 9DX3
£450K03/210.25 mi35, Brixham Gardens, Ilford, Greater London IG3 9BA3
£475K01/230.26 mi11, South Park Road, Ilford, Greater London IG1 1SZ3
£487.5K03/210.27 mi60, Broadhurst Avenue, Ilford, Greater London IG3 9DN3
£750K06/210.28 mi36, Parkway, Ilford, Greater London IG3 9HU3
£450K06/210.31 mi116, South Park Road, Ilford, Greater London IG1 1SZ3
£515K07/230.32 mi186, Ashburton Avenue, Ilford, Greater London IG3 9EL3
£626K11/220.32 mi59, Broadhurst Avenue, Ilford, Greater London IG3 9DL3
£425K02/230.34 mi296, Hampton Road, Ilford, Greater London IG1 1PL3
£430K12/200.35 mi95, Betchworth Road, Ilford, Greater London IG3 9JQ3
£430K01/210.35 mi79, Betchworth Road, Ilford, Greater London IG3 9JQ3
£615K05/220.35 mi26, Water Lane, Ilford, Greater London IG3 9HN3
£425K11/200.35 mi142, Eton Road, Ilford, Greater London IG1 2UJ3
£427.5K04/210.35 mi100, Cobham Road, Ilford, Greater London IG3 9JN3
£465K10/200.36 mi29, Sandhurst Drive, Ilford, Greater London IG3 9DB3
£575K03/210.36 mi23, Sandhurst Drive, Ilford, Greater London IG3 9DB3
£470K04/210.36 mi6, Sandhurst Drive, Ilford, Greater London IG3 9DB3
£450K04/210.36 mi77, Sandhurst Drive, Ilford, Greater London IG3 9DD3
£560K05/210.36 mi56, Sandhurst Drive, Ilford, Greater London IG3 9DD3
£425K05/230.36 mi67, Sandhurst Drive, Ilford, Greater London IG3 9DD3
£485K06/230.37 mi323, Kingston Road, Ilford, Greater London IG1 1PJ3
£432K06/210.38 mi230, Henley Road, Ilford, Greater London IG1 2TW3
£460K11/210.39 mi275, Henley Road, Ilford, Greater London IG1 2TN3
£520K01/210.4 mi68, Cavendish Gardens, Barking, Greater London IG11 9DX3
£525K04/210.4 mi212, Ashburton Avenue, Ilford, Greater London IG3 9EN3
£495K07/220.42 mi7, Morrab Gardens, Ilford, Greater London IG3 9HG3
£500K06/210.43 mi32, Morrab Gardens, Ilford, Greater London IG3 9HL3
£450K05/210.43 mi95, Sandhurst Drive, Ilford, Greater London IG3 9DE3
£440K01/210.43 mi101, Sandhurst Drive, Ilford, Greater London IG3 9DE3
£460K09/210.43 mi99, Sandhurst Drive, Ilford, Greater London IG3 9DE3
£685K08/220.43 mi54, Morrab Gardens, Ilford, Greater London IG3 9HL3

Local Rents

45 rents from £850/mo to £4K/mo, average is £2.4K/mo.

RentDateDistanceAddressBeds 
£2,40003/250.18 mi-3
£2,30012/240.18 mi-3
£2,30012/240.18 mi-3
£2,30012/240.23 mi-3
£2,30004/240.23 mi-3
£2,50012/240.26 mi-3
£2,40012/240.27 mi-3
£2,55003/250.3 mi-3
£2,70002/250.31 mi-3
£2,60004/240.43 mi-3
£2,20012/240.44 mi-3
£4,00012/240.45 mi-3
£2,00004/240.46 mi-3
£2,27502/250.46 mi-3
£2,20012/240.46 mi-3
£2,85012/240.46 mi-3
£2,00005/240.46 miBreamore Road, Ilford, IG33
£2,10005/240.47 mi-3
£2,37512/240.47 mi-3
£2,37512/240.47 mi-3
£2,50012/240.47 mi-3
£2,50004/250.47 mi-3
£2,50004/240.48 miForterie Gardens, Ilford, IG33
£2,75004/240.48 miForterie Gardens, Ilford, Essex, IG33
£2,50001/250.49 mi-3
£2,60012/240.51 mi-3
£1,95012/240.52 mi-3
£1,60001/250.52 mi-3
£2,30006/240.52 miHolmwood Road, Ilford, IG33
£2,50005/240.52 miHolmwood Road, Ilford, Essex, IG33
£1,95007/240.52 mi2 Dean Path, Greater London, RM83
£2,40001/250.53 mi-3
£2,60012/240.53 mi-3
£2,50005/240.54 miWater Lane, London, Essex, IG33
£85004/250.55 mi-3
£2,29512/240.55 mi-3
£2,30004/250.6 mi-3
£2,40002/250.6 mi-3
£2,40002/250.6 mi-3
£2,20012/240.6 mi-3
£2,50012/240.6 mi-3
£2,60005/240.6 miMelford Road, Ilford, IG13
£2,30004/240.6 miMeath Road3
£2,35012/240.61 mi-3
£2,20003/250.62 mi-3

Local Area Statistics

Population in IG3

35,543

Population in Ilford

181,468

Town centre distance

1.83 miles away

Nearest school

0.30 miles away

Nearest train station

0.79 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-19%

Sales demand

Balanced market

Capital growth (5yrs)

+23%

Property History

Listed for £450,000

November 15, 2024

Sold for £80,000

1995

Floor Plans

Description

  • Three Bedroom Mid - Terraced Home +
  • Requiring Complete Modernisation +
  • Generous Rear Garden +
  • Awaiting EPC +
  • Lounge/Diner +
  • Fitted Kitchen +
  • Front and Rear Gardens +
  • No Chain Involved +
  • Close to South Park Area in Ilford +

Guide Price £450,000 to £500,000
NO CHAIN INVOLVED - EXCITING PROPERTY FOR A PROJECT . We are delighted to Offer this property which offers scope to modernise and re - shape and design to your own taste. Currently Vacant and available with chain. Located in an excellent residential area of 1930's style homes close to parks schools , and local amenities.

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.

ILF240140/2

Agent Details

Reeds Rains, Ilford

020 3889 9041

Next Steps?

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