3 Bed Terraced House, Refurb/BRRR, Ilford, IG3 9QN, £490,000

Kinfauns Road, Ilford, London, IG3 9QN - 5 months ago

Under Offer
Refurb/BRRR
ROI: 2%
~93 m²
+5 photos

ValuationOvervalued

Sold Prices£276K - £620K
Sold Prices/m²£3.5K/m² - £9.7K/m²

 

 

Square Metres

~93 m²
Price/m²£5.3K/m²

Value Estimate

£456,583

 

 

End Value (After Refurb)

£442,717

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£122,500

Stamp Duty & Legal Fees

£37,700

Refurb Costs

£49,200

Bridging Loan Interest

£12,863

Total Cash In

£224,013

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£442,717

Mortgage (After Refinance)

£332,038

Mortgage LTV

75%

Cash Left In

£224,013

Equity

£110,679

Rent Range

£1,700 - £2,600

Rent Estimate

£2,243

Running Costs/mo

£1,852

Cashflow/mo

£391

Cashflow/yr

£4,691

ROI

2%

Gross Yield

5%

Local Sold Prices

50 sold prices from £276K to £620K, average is £450K. £3.5K/m² to £9.7K/m², average is £4.8K/m².

PriceDateDistanceAddressBeds 
£512K02/210.03 mi87, Kinfauns Road, Ilford, Greater London IG3 9QJ3
£583.5K05/230.03 mi97, Kinfauns Road, Ilford, Greater London IG3 9QJ3
£512K07/230.06 mi102, Castleton Road, Ilford, Greater London IG3 9QS3
£397.5K11/200.06 mi10, Talisman Close, Ilford, Greater London IG3 9JA3
£550K08/230.16 mi13, Kinfauns Road, Ilford, Greater London IG3 9QH3
£430K12/210.18 mi105, Fenman Gardens, Ilford, Greater London IG3 9TP3
£490K09/210.23 mi54, Dunkeld Road, Dagenham, Greater London RM8 2PR3
£345K10/210.24 mi15, Fiennes Close, Dagenham, Greater London RM8 1XF3
£425K03/210.25 mi41, Dunkeld Road, Dagenham, Greater London RM8 2PS3
£531K10/220.25 mi70, Hazeldene Road, Ilford, Greater London IG3 9RA3
£495K01/230.26 mi65, Hazeldene Road, Ilford, Greater London IG3 9RA3
£310K03/210.31 mi22, Railway Street, Romford, Greater London RM6 4JH3
£380K11/200.33 mi28, Cross Road, Chadwell Heath, Romford, Greater London RM6 4JJ3
£535K04/210.34 mi29, Goodmayes Lane, Ilford, Greater London IG3 9PB3
£530K12/210.34 mi33, Goodmayes Lane, Ilford, Greater London IG3 9PB3
£445K01/210.34 mi5, Eccleston Crescent, Romford, Greater London RM6 4QX3
£450K03/230.35 mi37, Ilfracombe Gardens, Romford, Greater London RM6 4RL3
£330K06/210.35 mi17, Asquith Close, Dagenham, Greater London RM8 1TZ3
£490K06/220.36 mi93, Burnside Road, Dagenham, Greater London RM8 1YD3
£600K03/210.37 mi1, Cardigan Gardens, Ilford, Greater London IG3 9SY3
£440K01/230.39 mi32, Chadway, Dagenham, Greater London RM8 1UH3
£447K08/230.4 mi717, Green Lane, Dagenham, Greater London RM8 1UT3
£475K05/240.4 mi47, Grove Road, Chadwell Heath, Romford, Greater London RM6 4AQ3
£500K06/210.4 mi48, Grove Road, Chadwell Heath, Romford, Greater London RM6 4AQ3
£340K02/210.41 mi12, Blunden Close, Dagenham, Greater London RM8 1YG3
£585K03/210.42 mi13, Arundel Gardens, Ilford, Greater London IG3 9SX3
£347K05/210.42 mi11, Plowman Way, Dagenham, Greater London RM8 1YF3
£485K06/210.43 mi68, Primrose Avenue, Romford, Greater London RM6 4QD3
£545K05/230.43 mi96, Primrose Avenue, Romford, Greater London RM6 4QD3
£485K10/230.43 mi60, Primrose Avenue, Romford, Greater London RM6 4QD3
£465K03/240.44 mi18, Overton Drive, Chadwell Heath, Romford, Greater London RM6 4EH3
£620K09/230.45 mi69, Primrose Avenue, Romford, Greater London RM6 4PS3
£450K05/210.46 mi160, Eccleston Crescent, Romford, Greater London RM6 4RD3
£300K03/210.46 mi57, Chittys Lane, Dagenham, Greater London RM8 1UP3
£395K02/210.46 mi30, Montpelier Gardens, Romford, Greater London RM6 4EJ3
£460K05/210.46 mi23, Christie Gardens, Romford, Greater London RM6 4SA3
£425K01/240.46 mi59, Christie Gardens, Romford, Greater London RM6 4SA3
£503K12/200.46 mi20, Woodstock Gardens, Ilford, Greater London IG3 9SZ3
£475K04/210.46 mi24, Woodstock Gardens, Ilford, Greater London IG3 9SZ3
£430K04/210.46 mi6, Glendale Avenue, Romford, Greater London RM6 4RR3
£329K12/200.47 mi4, Hynton Road, Dagenham, Greater London RM8 2JS3
£450K11/200.47 mi157, Breamore Road, Ilford, Greater London IG3 9LU3
£413K10/200.47 mi66, Grove Road, Chadwell Heath, Romford, Greater London RM6 4PD3
£515K08/210.48 mi9, Meldrum Road, Ilford, Greater London IG3 9PQ3
£367K02/210.48 mi75, Stevens Road, Dagenham, Greater London RM8 2QP3
£375K12/210.48 mi33, Stevens Road, Dagenham, Greater London RM8 2QP3
£276K12/220.48 mi15, Stevens Road, Dagenham, Greater London RM8 2QP3
£450K03/210.49 mi2a, Meldrum Road, Ilford, Greater London IG3 9PQ3
£530K01/230.49 mi17, Primrose Avenue, Romford, Greater London RM6 4QB3
£390K02/210.49 mi130, Stevens Road, Dagenham, Greater London RM8 2QL3

Local Rents

47 rents from £1.7K/mo to £2.6K/mo, average is £2.3K/mo.

RentDateDistanceAddressBeds 
£2,20012/240.15 mi-3
£2,20012/240.15 mi-3
£2,35005/240.16 miGreen Lane, Ilford3
£2,30003/250.16 mi-3
£1,79504/250.19 mi-3
£1,70012/240.21 mi-3
£2,30003/250.21 mi-3
£2,40012/240.27 mi-3
£1,95003/250.29 mi-3
£2,20001/250.32 mi-3
£2,20011/240.32 mi-3
£2,10007/240.34 mi-3
£2,30008/240.36 miStevens Road, Dagenham, London, RM83
£1,90008/240.38 miGibson Road, Dagenham, London, RM83
£2,20009/240.4 mi-3
£2,20008/240.4 miStevens Road, Dagenham, RM83
£2,60010/240.43 mi-3
£2,55010/240.43 mi-3
£2,40008/240.46 mi-3
£2,20008/240.46 mi-3
£2,00007/240.49 miMansted Gardens, Romford, RM63
£2,35007/240.49 mi-3
£2,10012/240.5 mi-3
£2,35007/240.51 mi-3
£2,35007/240.51 mi-3
£2,10007/240.52 mi-3
£1,90007/240.53 miBaron Road, Dagenham3
£2,30008/240.54 miBecontree Avenue, Dagenham, London, RM83
£2,40004/240.54 miWestwood Road, Ilford, IG33
£2,40005/240.54 mi-3
£2,30008/240.56 miRoxy Avenue, Romford, London, RM63
£2,10002/250.56 mi-3
£2,40007/240.57 mi-3
£2,50002/250.58 mi-3
£2,50003/250.58 mi-3
£2,40003/250.58 mi-3
£2,30004/250.58 mi-3
£2,20007/240.58 mi-3
£2,30007/240.59 mi-3
£2,20005/240.59 mi-3
£2,20005/240.59 miLynford Gardens, Ilford, IG33
£2,50008/240.6 mi-3
£2,10012/240.6 mi-3
£2,10012/240.6 mi-3
£2,40012/240.6 mi-3
£2,25009/240.62 mi-3
£2,40012/240.62 mi-3

Local Area Statistics

Population in IG3

35,543

Population in Ilford

181,468

Town centre distance

1.69 miles away

Nearest school

0.10 miles away

Nearest train station

0.26 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-19%

Sales demand

Balanced market

Capital growth (5yrs)

+23%

Property History

Listed for £490,000

December 6, 2024

Description

  • 3 BEDROOMS +
  • 2 RECEPTION ROOMS +
  • FITTED KITCHEN +
  • GFCH +
  • DOUBLE GLAZING +
  • LARGE GARDEN +
  • NEAR GOODMAYES STATION +
  • GROUND FLOOR CLOAKROOM +
  • CONSERVATORY +
  • NO ONWARD CHAIN +

Brian Thomas are delighted to offer for sale this spacious 3 bedroom end terrace family house conveniently located close to high road shops, schools and Goodmayes Station. The property is in need of some modernization but this has been reflected in a very realistic asking price

NO ONWARD CHAIN

LOUNGE :16 X 15

KITCHEN : 8'9 X 7'9

CONSERVATORY: 15 X 10

BEDROOM 1 : 16 X 12

BEDROOM 2 : 12'5 X 11'2

BEDROOM 3 : 9'6 X 7'7

BATHROOM : 9 X 8'7

GARDEN : APPROX 70FT

Agent Details

Brian Thomas Estate Agents, Chadwell Heath

020 3834 8651

Next Steps?

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

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