4 Bed Terraced House, Refurb/BRRR, Ilford, IG1 4RD, £600,000

411 Coventry Road, Ilford, IG1 4RD - 1 views - 5 months ago

Sold STC
Refurb/BRRR
~149 m²
+10 photos

ValuationUndervalued

Sold Prices£300K - £985K
Sold Prices/m²£3.3K/m² - £6.6K/m²

 

 

Square Metres

~148.80 m²
Price/m²£4K/m²

Value Estimate

£618,000
BMV3%

 

 

End Value (After Refurb)

£726,563

Uplift in Value

+21%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£150,000

Stamp Duty & Legal Fees

£48,700

Refurb Costs

£78,720

Bridging Loan Interest

£15,750

Total Cash In

£294,920

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£726,563

Mortgage (After Refinance)

£544,922

Mortgage LTV

75%

Cash Released

£94,922

Cash Left In

£199,998

Equity

£181,641

Rent Range

£1,900 - £16,000

Rent Estimate

£2,901

Running Costs/mo

£2,871

Cashflow/mo

£30

Cashflow/yr

£364

ROI

0%

Gross Yield

6%

Local Sold Prices

50 sold prices from £300K to £985K, average is £606.5K. £3.3K/m² to £6.6K/m², average is £4.8K/m².

PriceDateDistanceAddressBeds 
£625K03/210.06 mi191, Coventry Road, Ilford, Greater London IG1 4RE4
£640K06/210.06 mi187, Coventry Road, Ilford, Greater London IG1 4RE4
£551K06/210.06 mi35, Toronto Road, Ilford, Greater London IG1 4RA4
£640K06/210.07 mi187, Coventry Road, Ilford, Greater London IG1 4RE4
£706K03/230.11 mi11, Melbourne Road, Ilford, Greater London IG1 4LF4
£600K03/230.2 mi135, Wellesley Road, Ilford, Greater London IG1 4LN4
£710K07/230.23 mi28, Bathurst Road, Ilford, Greater London IG1 4LA4
£730K04/210.23 mi32, Bathurst Road, Ilford, Greater London IG1 4LA4
£300K08/210.26 mi41, Montreal Road, Ilford, Greater London IG1 4SH4
£520K05/210.29 mi48, Perth Road, Ilford, Greater London IG2 6AR4
£685K02/220.3 mi48, Balfour Road, Ilford, Greater London IG1 4JG4
£495K03/210.39 mi41, Cranley Drive, Ilford, Greater London IG2 6AJ4
£570K11/220.44 mi99, Quebec Road, Ilford, Greater London IG2 6AW4
£985K12/210.49 mi13, Holcombe Road, Ilford, Greater London IG1 4XF4
£960K02/210.5 mi11, Holcombe Road, Ilford, Greater London IG1 4XF4
£400K02/210.51 mi69, St Marys Road, Ilford, Greater London IG1 1QU4
£670K06/210.52 mi64, Middleton Gardens, Ilford, Greater London IG2 6DX4
£540K06/210.55 mi11, Belmont Road, Ilford, Greater London IG1 1YW4
£860K03/210.55 mi11, Bethell Avenue, Ilford, Greater London IG1 4UX4
£760K01/230.59 mi11, Clarendon Gardens, Ilford, Greater London IG1 3JN4
£890K12/200.61 mi28, Emerson Road, Ilford, Greater London IG1 4XA4
£540K06/210.62 mi527, Eastern Avenue, Ilford, Greater London IG2 6PJ4
£530K10/210.62 mi3, Southview Crescent, Ilford, Greater London IG2 6DG4
£780K06/210.64 mi20, Selborne Road, Ilford, Greater London IG1 3AJ4
£500K11/200.65 mi4, Cowley Road, Ilford, Greater London IG1 3JL4
£608K03/210.65 mi51, Glencoe Avenue, Ilford, Greater London IG2 7AL4
£565K04/220.66 mi43, Aldborough Road South, Ilford, Greater London IG3 8HW4
£495K03/210.67 mi58, Park Road, Ilford, Greater London IG1 1SD4
£675K10/220.67 mi45, Stainforth Road, Ilford, Greater London IG2 7EL4
£500K10/220.68 mi46, Colenso Road, Ilford, Greater London IG2 7AH4
£575K06/210.68 mi146, Otley Drive, Ilford, Greater London IG2 6QY4
£610K06/210.69 mi104, Otley Drive, Gants Hill, Ilford, Greater London IG2 6QX4
£610K11/200.69 mi51, Ladysmith Avenue, Ilford, Greater London IG2 7AX4
£610K06/210.7 mi66, Headley Drive, Ilford, Greater London IG2 6LU4
£538K12/200.7 mi6, Lyndhurst Gardens, Ilford, Greater London IG2 7DH4
£435K06/210.7 mi76, Westbury Road, Ilford, Greater London IG1 3BW4
£580K01/210.71 mi14, Bramley Crescent, Ilford, Greater London IG2 6DA4
£715K06/210.71 mi18, Endsleigh Gardens, Ilford, Greater London IG1 3EH4
£670K12/220.73 mi43, Otley Drive, Ilford, Greater London IG2 6SN4
£550K07/230.76 mi26, Rutland Road, Ilford, Greater London IG1 1ER4
£750K03/230.76 mi67, Vaughan Gardens, Ilford, Greater London IG1 3PB4
£559K12/200.76 mi26, Bentley Drive, Ilford, Greater London IG2 6QD4
£675K11/200.76 mi74, Courtland Avenue, Ilford, Greater London IG1 3DP4
£675K11/200.76 mi74, Courtland Avenue, Ilford, Greater London IG1 3DP4
£605K06/210.77 mi5, Devonshire Road, Ilford, Greater London IG2 7EN4
£537K06/210.78 mi6, Artillery Close, Ilford, Greater London IG2 6BJ4
£570.3K05/230.78 mi43, Cameron Road, Ilford, Greater London IG3 8LG4
£462K03/210.78 mi212, Green Lane, Ilford, Greater London IG1 1YF4
£470K02/210.79 mi9, Audrey Road, Ilford, Greater London IG1 2DY4
£838K02/220.8 mi91, The Drive, Ilford, Greater London IG1 3JB4

Local Rents

50 rents from £1.9K/mo to £16K/mo, average is £2.4K/mo.

RentDateDistanceAddressBeds 
£2,40012/240.04 mi-3
£4,60004/250.12 mi-4
£2,60012/240.18 mi-4
£2,20003/240.19 miWellesley Road, IG13
£2,10004/240.2 miValentines Road, Ilford, Essex, IG13
£2,60002/250.24 mi-4
£2,70004/240.24 mi-3
£2,50004/240.26 miThorold Road, Ilford, Essex, IG14
£2,35005/240.29 miPerth Road, Ilford, IG23
£2,35005/240.29 miPerth Road, IG2 6AR3
£2,80012/240.3 mi-4
£2,60012/240.3 mi-3
£2,20012/240.33 mi-3
£2,20006/240.33 mi-3
£2,20005/240.33 miWards Road, London, IG23
£2,10012/240.34 mi-3
£3,00002/240.37 mi-4
£2,20004/250.4 mi-3
£2,30003/250.4 mi-3
£2,50005/240.4 mi-3
£3,00012/240.41 mi-5
£3,25004/240.42 mi-4
£3,25012/240.42 mi-4
£2,10001/240.42 miPerth Road IG23
£2,35004/240.42 miRaymond Road, IG23
£3,45001/250.43 mi-4
£16,00004/240.43 miOaklands Park Avenue, Ilford10
£1,90001/250.43 mi-3
£2,60004/240.44 mi-3
£3,40005/240.44 mi-4
£3,40003/250.44 mi-4
£3,50004/240.44 miWesternville Gardens, Ilford, IG24
£2,20003/250.44 mi-3
£4,95004/250.44 mi-3
£2,20002/250.45 mi-3
£2,20004/240.45 mi-3
£4,00012/240.45 mi-6
£2,40003/250.45 mi-4
£2,50003/250.45 mi-4
£2,10002/250.45 mi-3
£2,40004/250.47 mi-3
£2,50012/240.48 mi-4
£2,00004/250.48 mi-3
£2,10004/240.48 mi-3
£2,70012/240.49 mi-3
£2,70004/240.49 miHigh Road, Ilford, IG13
£2,30006/240.49 mi-3
£2,30005/240.49 miLey Street, Ilford, IG23
£2,30005/240.49 miLey Street, Ilford, IG23
£2,30006/240.49 miLey Street, Ilford, IG23

Local Area Statistics

Population in IG1

63,569

Population in Ilford

181,468

Town centre distance

0.85 miles away

Nearest school

0.10 miles away

Nearest train station

0.60 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+7%

Sales demand

Buyer's market

Capital growth (5yrs)

+28%

Property History

Listed for £600,000

November 18, 2024

Floor Plans

Description

  • Four bedrooms +
  • Sought-after Commonwealth Estate +
  • Terraced house +
  • Original brick facade charm +
  • Off-street parking +
  • Proximity to Valentines Park +
  • Requires full modernisation +
  • No onward chain +

Guide Price £600,000 - £650,000. Payne & Co are pleased to offer for sale this terraced house in the sought-after Commonwealth Estate. Boasting a total of four bedrooms - three of which are double rooms and the remaining a single - this property presents an exciting opportunity for those seeking a project, as it requires full modernisation and refurbishment. The house also includes a bathroom located on the first floor, a kitchen, and a through lounge. Despite needing renovation, the property maintains its original charm with features such as a brick facade. Additionally, there is a ground floor WC and a cellar, offering extra space and convenience. One of the selling points of this property is the off-street parking available, a desirable feature for many homeowners. Situated near Valentines Park and within proximity to Ilford's Elizabeth Line, the property benefits from a prime location with easy access to local amenities. Notably, there are nearby schools making it an ideal choice for families. Opportunities to purchase a house with such potential in this prime location are rare. This property is undoubtedly a diamond in the rough, waiting for the right owner to restore its shine.

Agent Details

Payne & Co, Ilford

020 3873 8289

Next Steps?

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