2 Bed Terraced House, Planning Permission, Ilford, IG1 2JL, £125,000

Fairfield Road, ILFORD, IG1 2JL - 27 views - 5 months ago

Sold STC
Planning
Negative Equity
ROI: 8%
~68 m²
+13 photos

ValuationUndervalued

Sold Prices£204K - £650K
Sold Prices/m²£3.2K/m² - £7.3K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.8K/m²

Value Estimate

£128,750
BMV3%

 

 

End Value (After Refurb)

£296,322

Uplift in Value

+137%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£31,250

Stamp Duty & Legal Fees

£4,950

Refurb Costs

£36,033

Bridging Loan Interest

£3,281

Total Cash In

£77,264

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£296,322

Agent Fees (1%)

£2,963

Bridging Loan

£93,750

Bridging Loan Interest

£3,281

Flip Profit

£122,344

Local Sold Prices

47 sold prices from £204K to £650K, average is £375K. £3.2K/m² to £7.3K/m², average is £5.1K/m².

PriceDateDistanceAddressBeds 
£300K09/210.05 mi111, Victoria Road, Barking, Greater London IG11 8PZ2
£310K11/210.05 mi82, Victoria Road, Barking, Greater London IG11 8PZ2
£315K06/210.07 mi75, Roman Road, Ilford, Greater London IG1 2NZ2
£415K07/230.1 mi75, Saxon Road, Ilford, Greater London IG1 2PB2
£275K03/220.1 mi70, Victoria Road, Barking, Greater London IG11 8PY2
£317K06/210.11 mi79a, Victoria Road, Barking, Greater London IG11 8PY2
£315K04/230.16 mi13, Dane Road, Ilford, Greater London IG1 2PE2
£385K04/230.22 mi17, Hunter Road, Ilford, Greater London IG1 2NN2
£363K02/210.22 mi23, Hunter Road, Ilford, Greater London IG1 2NN2
£410K04/230.22 mi35, Hunter Road, Ilford, Greater London IG1 2NN2
£250K07/220.3 mi130, Glenny Road, Barking, Greater London IG11 8QQ2
£450K04/210.31 mi41, Wingate Road, Ilford, Greater London IG1 2JB2
£413K12/220.44 mi1, Twyford Road, Ilford, Greater London IG1 2QN2
£412K01/210.5 mi36, Leigh Road, London, Greater London E6 2AS2
£440.3K01/230.51 mi36, Leigh Road, London, Greater London E6 2AS2
£390K07/230.59 mi11, Madeline Grove, Ilford, Greater London IG1 2RG2
£460K12/220.6 mi28, St Winefrides Avenue, London, Greater London E12 6HQ2
£375K03/210.6 mi2, Hamilton Road, Ilford, Greater London IG1 2EU2
£395K07/230.61 mi4, Eltisley Road, Ilford, Greater London IG1 2EP2
£342.5K05/210.66 mi137, St Awdrys Road, Barking, Greater London IG11 7QE2
£407K05/230.69 mi132, Kingston Road, Ilford, Greater London IG1 1PE2
£540K02/210.69 mi156, Byron Avenue, Manor Park, London, Greater London E12 6NH2
£366K05/230.7 mi6, Sally Murray Close, London, Greater London E12 5NX2
£650K06/230.71 mi2, St Erkenwald Road, Barking, Greater London IG11 7XA2
£562K11/220.75 mi156, Byron Avenue, Manor Park, London, Greater London E12 6NH2
£550K02/230.78 mi17, Calverton Road, London, Greater London E6 2NS2
£370K04/210.8 mi56, Audrey Road, Ilford, Greater London IG1 2DY2
£320K06/210.81 mi116, Hall Road, East Ham, London, Greater London E6 2ND2
£420K08/230.83 mi17, Bedford Road, London, Greater London E6 2NL2
£420K06/230.83 mi21, Langdon Road, London, Greater London E6 2QB2
£365K11/200.84 mi74, Dersingham Avenue, London, Greater London E12 5QE2
£440.1K11/220.84 mi77, Fourth Avenue, London, Greater London E12 6DP2
£365K08/210.88 mi7, Sussex Road, London, Greater London E6 2PT2
£510K11/200.89 mi7, Hall Road, East Ham, London, Greater London E6 2NG2
£355K11/200.89 mi5, Hall Road, East Ham, London, Greater London E6 2NG2
£353.7K01/230.9 mi153, Second Avenue, London, Greater London E12 6EN2
£385K02/230.92 mi40, Park Avenue, London, Greater London E6 2SP2
£345K05/230.93 mi54, King Edwards Road, Barking, Greater London IG11 7TL2
£205K01/230.93 mi32, King Edwards Road, Barking, Greater London IG11 7TL2
£365K12/200.93 mi93, Ranelagh Road, East Ham, London, Greater London E6 2SJ2
£415K03/210.94 mi61, Kempton Road, London, Greater London E6 2LG2
£430K01/230.94 mi50, Kempton Road, London, Greater London E6 2LB2
£382K04/210.95 mi174, South Park Road, Ilford, Greater London IG1 2XR2
£340K10/210.96 mi20, Craigen Gardens, Ilford, Greater London IG3 9FG2
£330K10/200.97 mi68, King Edwards Road, Barking, Greater London IG11 7TN2
£300K11/200.98 mi1a, Colchester Avenue, London, Greater London E12 5LF2
£204K11/220.98 mi15, Colchester Avenue, London, Greater London E12 5LF2

Local Rents

50 rents from £1.4K/mo to £2.4K/mo, average is £1.8K/mo.

RentDateDistanceAddressBeds 
£2,40005/240.05 miessex, IG12
£1,70001/250.05 mi-2
£1,89001/250.1 mi-2
£1,79903/250.12 mi-2
£1,60004/240.12 mi-2
£1,60003/250.13 mi-2
£1,89904/240.13 miGurney Close Barking Essex2
£1,40002/250.13 mi-2
£1,80006/240.16 mi-2
£1,55002/250.16 mi-2
£1,70004/240.16 miAzalea Close, Ilford, IG12
£1,80012/240.16 mi-2
£1,85012/240.16 mi-2
£1,80004/250.16 mi-2
£1,60003/250.18 mi-2
£1,70004/240.18 mi-2
£2,00003/250.19 mi-2
£1,80004/250.19 mi-2
£1,60004/240.19 miSixpenny Court IG112
£1,50002/250.2 mi-2
£1,70012/240.2 mi-2
£1,80004/240.2 mi-2
£1,45012/240.21 mi-2
£1,95004/250.21 mi-2
£1,60012/240.21 mi-2
£1,50004/240.21 mi-2
£1,70004/250.21 mi-2
£2,20003/250.22 mi-2
£1,65005/240.24 miLavender Place, Ilford, IG12
£1,70005/240.24 miLavender Place, Ilford, IG12
£1,65005/240.24 miLavender Place, Ilford, IG12
£1,65005/240.24 mi-2
£1,82503/250.29 mi-2
£1,85005/240.32 mi-2
£1,85012/240.32 mi-2
£1,70003/250.32 mi-2
£2,00012/240.36 mi-2
£1,85003/250.39 mi-2
£1,95003/250.39 mi-2
£1,85003/250.39 mi-2
£2,10003/250.39 mi-2
£1,95002/250.39 mi-2
£1,75002/250.39 mi-2
£2,20004/240.4 miOculus House, Barking, IG11 8NW2
£1,70001/250.4 mi-2
£1,70001/250.4 mi-2
£1,70001/250.4 mi-2
£1,77502/240.4 mi-2
£2,15005/240.4 mi-2
£2,20005/240.4 mi-2

Local Area Statistics

Population in IG1

63,569

Population in Ilford

181,468

Town centre distance

2.35 miles away

Nearest school

0.20 miles away

Nearest train station

0.50 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+7%

Sales demand

Buyer's market

Capital growth (5yrs)

+28%

Property History

Listed for £125,000

-92%

November 25, 2024

Sold for £240,000

2020

Floor Plans

Description

  • Plot Of Land For Sale +
  • Planning Permission Granted +
  • Freehold +
  • Corner Plot +
  • Close To Ilford & Barking Stations +
  • Ideal For An Independent Builder +

Guide Price £125,000 - £150,000 - Attention investors! Plot of land with planning permission granted for a two storey two bedroom house, full details on the Redbridge Council website.

Demolish garage and side extension. Creation of single dwelling house (one x 2-bedroom) with associated waste/refuse, cycle store and amenity space (summary)

Granted/Approved - with conditions

Application number - 0308/24

Agent Details

haart, Ilford

020 3840 3859

Next Steps?

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