3 Bed Terraced House, Refurb/BRRR, Ilford, IG3 8SE, £500,000

321 Westwood Road, Seven Kings, IG3 8SE - 5 views - 5 months ago

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

ValuationOvervalued

Sold Prices£350K - £660K
Sold Prices/m²£3.1K/m² - £9.7K/m²

 

 

Square Metres

~93 m²
Price/m²£5.4K/m²

Value Estimate

£442,561

 

 

End Value (After Refurb)

£480,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£125,000

Stamp Duty & Legal Fees

£28,700

Refurb Costs

£49,200

Bridging Loan Interest

£13,125

Total Cash In

£217,775

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£480,000

Mortgage (After Refinance)

£360,000

Mortgage LTV

75%

Cash Left In

£217,775

Equity

£120,000

Rent Range

£1,700 - £5,500

Rent Estimate

£2,509

Running Costs/mo

£2,022

Cashflow/mo

£487

Cashflow/yr

£5,846

ROI

3%

Gross Yield

6%

Local Sold Prices

50 sold prices from £350K to £660K, average is £472.5K. £3.1K/m² to £9.7K/m², average is £4.8K/m².

PriceDateDistanceAddressBeds 
£465K10/220.02 mi168, Westwood Road, Ilford, Greater London IG3 8SA3
£430K12/200.04 mi127, Blythswood Road, Ilford, Greater London IG3 8SQ3
£380K03/210.07 mi18, Meads Lane, Ilford, Greater London IG3 8QA3
£505K05/230.09 mi85, Kingswood Road, Ilford, Greater London IG3 8UB3
£506K01/230.11 mi155, Chester Road, Ilford, Greater London IG3 8PY3
£425K01/210.14 mi20, Wallington Road, Ilford, Greater London IG3 8QQ3
£375.5K03/210.14 mi64, Farnham Road, Ilford, Greater London IG3 8QD3
£490K06/230.16 mi48, Westwood Road, Ilford, Greater London IG3 8RZ3
£435K03/210.16 mi74, Westwood Road, Ilford, Greater London IG3 8RZ3
£435K11/200.18 mi14, Mitcham Road, Ilford, Greater London IG3 8QW3
£638K11/220.19 mi98, Pembroke Road, Ilford, Greater London IG3 8PF3
£460K03/210.19 mi31, Blythswood Road, Ilford, Greater London IG3 8SJ3
£660K09/220.25 mi147, Lansdowne Road, Ilford, Greater London IG3 8NQ3
£565K03/220.27 mi28, Beddington Road, Ilford, Greater London IG3 8PD3
£470K01/210.27 mi32, Spencer Road, Ilford, Greater London IG3 8PW3
£450K06/210.27 mi96, St Albans Road, Ilford, Greater London IG3 8NW3
£440K01/210.27 mi9, Beddington Road, Ilford, Greater London IG3 8PD3
£485K11/220.31 mi16, Barley Lane, Ilford, Greater London IG3 8XF3
£470K10/210.31 mi170, Cambridge Road, Ilford, Greater London IG3 8NA3
£517.5K10/220.32 mi179, Cambridge Road, Ilford, Greater London IG3 8NA3
£450K05/210.32 mi160, Eccleston Crescent, Romford, Greater London RM6 4RD3
£530K01/230.33 mi17, Primrose Avenue, Romford, Greater London RM6 4QB3
£385K06/210.33 mi8, Chester Road, Ilford, Greater London IG3 8PS3
£350K12/220.33 mi20, Chester Road, Ilford, Greater London IG3 8PS3
£410K10/200.33 mi33, Chester Road, Ilford, Greater London IG3 8PT3
£410K02/210.33 mi27, Chester Road, Ilford, Greater London IG3 8PT3
£495K02/210.35 mi149, Cambridge Road, Ilford, Greater London IG3 8LZ3
£450K03/230.37 mi37, Ilfracombe Gardens, Romford, Greater London RM6 4RL3
£480K06/210.38 mi28, Downshall Avenue, Ilford, Greater London IG3 8NB3
£495K07/230.38 mi10, Downshall Avenue, Ilford, Greater London IG3 8NB3
£465K03/210.39 mi21, Galsworthy Avenue, Romford, Greater London RM6 4PX3
£475K01/210.39 mi35, Galsworthy Avenue, Romford, Greater London RM6 4PX3
£485K04/210.4 mi22, Galsworthy Avenue, Romford, Greater London RM6 4QA3
£485K04/210.4 mi22, Galsworthy Avenue, Romford, Greater London RM6 4QA3
£445K01/210.42 mi5, Eccleston Crescent, Romford, Greater London RM6 4QX3
£534K02/210.44 mi327, Aldborough Road South, Ilford, Greater London IG3 8JE3
£430K12/210.44 mi105, Fenman Gardens, Ilford, Greater London IG3 9TP3
£485K06/210.45 mi68, Primrose Avenue, Romford, Greater London RM6 4QD3
£545K05/230.45 mi96, Primrose Avenue, Romford, Greater London RM6 4QD3
£485K10/230.45 mi60, Primrose Avenue, Romford, Greater London RM6 4QD3
£620K09/230.46 mi69, Primrose Avenue, Romford, Greater London RM6 4PS3
£380K03/210.47 mi77, Christie Gardens, Romford, Greater London RM6 4SD3
£550K08/230.48 mi13, Kinfauns Road, Ilford, Greater London IG3 9QH3
£465K12/220.48 mi67, Vernon Road, Ilford, Greater London IG3 8DJ3
£475K07/230.49 mi25, Chepstow Crescent, Ilford, Greater London IG3 8JJ3
£475K03/210.49 mi64, Vernon Road, Ilford, Greater London IG3 8DL3
£480K10/200.49 mi71, Priestley Gardens, Romford, Greater London RM6 4SH3
£580K02/230.5 mi54, Priestley Gardens, Romford, Greater London RM6 4SH3
£442K06/210.5 mi61, Priestley Gardens, Romford, Greater London RM6 4SH3
£430K03/220.51 mi132, Barley Lane, Ilford, Greater London IG3 8XW3

Local Rents

47 rents from £1.7K/mo to £5.5K/mo, average is £2.4K/mo.

RentDateDistanceAddressBeds 
£2,10002/250.07 mi-3
£2,05006/240.11 mi-3
£2,20004/240.11 miMeads Lane, Seven Kings, Ilford, Essex, IG3 3
£2,20006/240.11 miMeads Lane, Seven Kings, Ilford, Essex, IG3 3
£2,20006/240.12 miMeads Lane, Ilford, Essex, IG33
£2,20012/240.17 mi-3
£2,40012/240.21 mi-3
£2,40012/240.22 mi-3
£2,40004/240.24 miWestwood Road, Ilford, IG33
£2,40005/240.24 mi-3
£2,40012/240.24 mi-3
£2,40012/240.24 mi-3
£3,10006/240.25 mi-3
£5,50004/240.25 mi-3
£3,00004/240.25 miSt. Albans Road, Seven Kings3
£3,10006/240.25 miSt. Albans Road, Seven Kings3
£2,50007/240.26 mi-3
£2,60006/240.29 mi-3
£2,60005/240.29 miCambridge Road, Ilford, IG33
£2,40012/240.34 mi-3
£2,40007/240.35 mi-3
£2,10012/240.44 mi-3
£2,50012/240.45 mi-3
£2,60012/240.45 mi-3
£2,35007/240.47 mi-3
£2,35007/240.47 mi-3
£2,35007/240.47 mi-3
£1,70012/240.47 mi-3
£2,30005/240.51 miSeven Kings, IG2 7BA3
£2,40004/240.52 miWards Road, IG23
£2,70012/240.54 mi-3
£1,85002/250.54 mi-3
£2,60012/240.55 mi-3
£2,60012/240.55 mi-3
£2,20008/240.55 miAbercorn Gardens, Romford, London, RM63
£2,50002/250.57 mi-3
£2,50003/250.57 mi-3
£2,40003/250.57 mi-3
£2,30004/250.57 mi-3
£2,00007/240.57 miJoydon Drive, Chadwell Heath, Romford, RM63
£2,30003/250.58 mi-3
£2,70012/240.59 mi-3
£3,00002/250.6 mi-3
£3,00003/250.6 mi-3
£2,25009/240.62 mi-3
£2,55007/240.62 mi-3
£2,40012/240.62 mi-3

Local Area Statistics

Population in IG3

35,543

Population in Ilford

181,468

Town centre distance

1.09 miles away

Nearest school

0.20 miles away

Nearest train station

0.38 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-19%

Sales demand

Balanced market

Capital growth (5yrs)

+23%

Property History

Listed for £500,000

November 19, 2024

Floor Plans

Description

  • Chain Free +
  • Extended +
  • EPC - 61(D) +
  • Close to Stations +
  • Ground floor shower room +
  • Three Double Bedrooms +
  • Off Street Parking +
  • Ideal Family Home +

Guide Price: £500,000 - £525,000. This terraced house for sale offers a unique opportunity for prospective buyers seeking a project. With the need for renovation, the property presents the potential to be moulded into a bespoke home to suit individual tastes. The property comprises three bedrooms and two bathrooms, providing ample living space for a family. The single reception room promises a cosy environment for relaxation, and the kitchen awaits your personal touch to become the heart of the home. The house is suitably located with excellent public transport links, nearby schools, and local amenities, making it an ideal choice for families or commuters. Although in need of refurbishment, this charming terraced house holds the promise of becoming a wonderful family home. Priced to sell so book to view now.

Agent Details

Payne & Co, Ilford

020 3873 8289

Next Steps?

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