3 Bed Terraced House, Refurb/BRRR, Ilford, IG4 5NE, £575,000

Bergholt Avenue, Redbridge, IG4 5NE - 4 months ago

Sold STC
Refurb/BRRR
ROI: 1%
~111 m²
+18 photos

ValuationFair Value

Sold Prices£275K - £850K
Sold Prices/m²£2.9K/m² - £6.2K/m²

 

 

Square Metres

~111 m²
Price/m²£5.2K/m²

Value Estimate

£582,319

 

 

End Value (After Refurb)

£592,634

Uplift in Value

+3%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£143,750

Stamp Duty & Legal Fees

£48,700

Refurb Costs

£58,723

Bridging Loan Interest

£15,094

Total Cash In

£268,016

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£592,634

Mortgage (After Refinance)

£444,475

Mortgage LTV

75%

Cash Released

£13,225

Cash Left In

£254,791

Equity

£148,158

Rent Range

£1,700 - £3,500

Rent Estimate

£2,480

Running Costs/mo

£2,368

Cashflow/mo

£112

Cashflow/yr

£1,344

ROI

1%

Gross Yield

5%

Local Sold Prices

50 sold prices from £275K to £850K, average is £574K. £2.9K/m² to £6.2K/m², average is £5.2K/m².

PriceDateDistanceAddressBeds 
£552.5K05/210.08 mi20, Braintree Avenue, Ilford, Greater London IG4 5PY3
£565K11/210.11 mi49, Ridgeway Gardens, Ilford, Greater London IG4 5HL3
£535K05/230.11 mi54, Ridgeway Gardens, Ilford, Greater London IG4 5HL3
£616K01/210.14 mi45, Grangeway Gardens, Ilford, Greater London IG4 5HN3
£580K02/210.15 mi18, Ridgeway Gardens, Ilford, Greater London IG4 5HJ3
£590K12/220.15 mi16, Ridgeway Gardens, Ilford, Greater London IG4 5HJ3
£573K09/220.16 mi37, Fairmead Gardens, Ilford, Greater London IG4 5BP3
£565K09/220.16 mi63, Babbacombe Gardens, Ilford, Greater London IG4 5LZ3
£535K06/230.16 mi13, Fairmead Gardens, Ilford, Greater London IG4 5BP3
£705K07/210.17 mi27, Highcliffe Gardens, Ilford, Greater London IG4 5HP3
£545K12/200.18 mi30, Derwent Gardens, Ilford, Greater London IG4 5NA3
£635K06/220.18 mi55, Babbacombe Gardens, Ilford, Greater London IG4 5LZ3
£520K11/200.19 mi9, Torquay Gardens, Ilford, Greater London IG4 5PU3
£575K06/220.2 mi3, Ambleside Gardens, Ilford, Greater London IG4 5HH3
£685K07/220.2 mi22, Peaketon Avenue, Ilford, Greater London IG4 5PG3
£550K10/200.2 mi11, Coniston Gardens, Ilford, Greater London IG4 5LU3
£550K03/210.2 mi4, Coniston Gardens, Ilford, Greater London IG4 5LU3
£526.5K12/200.21 mi7, Keswick Gardens, Ilford, Greater London IG4 5NF3
£650K05/230.21 mi62, Torquay Gardens, Ilford, Greater London IG4 5PT3
£560K11/210.21 mi6, Torquay Gardens, Ilford, Greater London IG4 5PT3
£702K04/230.24 mi19, Fernhall Drive, Ilford, Greater London IG4 5BN3
£575K07/230.24 mi40, Grasmere Gardens, Ilford, Greater London IG4 5LF3
£575K06/210.26 mi9, Woodford Bridge Road, Ilford, Greater London IG4 5LL3
£705K04/220.26 mi25, Vista Drive, Ilford, Greater London IG4 5JE3
£475K09/220.26 mi15, Vista Drive, Ilford, Greater London IG4 5JE3
£580K12/220.26 mi72, Torquay Gardens, Ilford, Greater London IG4 5PT3
£675K08/220.27 mi148, Redbridge Lane East, Ilford, Greater London IG4 5BT3
£590K04/210.27 mi172, Redbridge Lane East, Ilford, Greater London IG4 5BL3
£590K04/210.27 mi172, Redbridge Lane East, Ilford, Greater London IG4 5BL3
£275K12/220.29 mi157, Woodford Avenue, Ilford, Greater London IG4 5LE3
£722.5K11/200.32 mi72, Danehurst Gardens, Ilford, Greater London IG4 5HQ3
£350K01/230.32 mi76, Danehurst Gardens, Ilford, Greater London IG4 5HQ3
£567K11/210.32 mi24, Danehurst Gardens, Ilford, Greater London IG4 5HQ3
£585K05/220.33 mi30, Lakeside Avenue, Ilford, Greater London IG4 5PJ3
£507K05/210.33 mi5, Gosford Gardens, Ilford, Greater London IG4 5DZ3
£595K02/210.38 mi168, Eastern Avenue, Ilford, Greater London IG4 5AD3
£745K01/230.38 mi223, Beehive Lane, Ilford, Greater London IG4 5EB3
£600K05/210.4 mi235, Eastern Avenue, Ilford, Greater London IG4 5AR3
£625K08/210.4 mi309, The Drive, Ilford, Greater London IG1 3PW3
£485K11/220.41 mi22, Radnor Crescent, Ilford, Greater London IG4 5DU3
£520K01/230.42 mi181, Beehive Lane, Ilford, Greater London IG4 5DX3
£575K03/210.45 mi39, Longwood Gardens, Ilford, Greater London IG5 0EB3
£480K03/210.45 mi10, Herent Drive, Ilford, Greater London IG5 0HE3
£421K02/210.45 mi16, Sussex Close, Ilford, Greater London IG4 5DP3
£421K02/210.45 mi16, Sussex Close, Ilford, Greater London IG4 5DP3
£665K01/230.46 mi261, Eastern Avenue, Ilford, Greater London IG4 5AT3
£485K03/210.47 mi19, Studley Drive, Ilford, Greater London IG4 5AH3
£850K12/220.47 mi54, Castleview Gardens, Ilford, Greater London IG1 3QE3
£550K04/210.48 mi121, Wanstead Lane, Ilford, Greater London IG1 3SP3
£515K12/210.48 mi283, Eastern Avenue, Ilford, Greater London IG4 5AT3

Local Rents

34 rents from £1.7K/mo to £3.5K/mo, average is £2.5K/mo.

RentDateDistanceAddressBeds 
£2,80003/250.1 mi-3
£2,40005/240.13 miTorquay Gardens, Redbridge3
£2,75012/240.19 mi-3
£2,10004/240.27 miInglehurst Gardens, Ilford, IG43
£2,45004/240.29 mi-3
£2,50001/250.3 mi-3
£2,50012/240.3 mi-3
£2,50004/250.32 mi-3
£2,50001/250.32 mi-3
£2,50012/240.34 mi-3
£2,30012/240.34 mi-3
£2,30012/240.34 mi-3
£1,70005/240.35 miRoding Lane South, Ilford, London, IG43
£2,75002/250.37 mi-3
£2,40003/250.44 mi-3
£2,20012/240.44 mi-3
£2,05012/240.44 mi-3
£2,20003/240.45 mi-3
£2,02502/250.45 mi-3
£2,50005/240.45 miStudley Drive, Ilford, IG43
£2,80004/250.45 mi-3
£2,80004/250.45 mi-3
£2,60004/250.49 mi-3
£2,49512/240.51 mi-3
£2,50004/240.51 miBeechwood Gardens, IG5 0AE3
£2,60004/240.52 mi-3
£2,60004/240.54 miCarlisle Gardens, Ilford, London, IG13
£2,50005/240.57 miRoyston Garden, Ilford IG13
£3,00003/250.57 mi-3
£2,70002/250.58 mi-3
£3,50006/240.59 mi-3
£2,25003/240.6 miEaton Rise, Wanstead, E113
£2,50004/240.61 miRoyeston Gardens, Ilford, IG13
£2,50005/240.61 mi-3

Local Area Statistics

Population in IG4

9,455

Population in Ilford

181,468

Town centre distance

1.46 miles away

Nearest school

0.10 miles away

Nearest train station

0.41 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

-6%

Sales demand

Buyer's market

Capital growth (5yrs)

+22%

Property History

Listed for £575,000

January 3, 2025

Floor Plans

Description

  • No chain +
  • 1930's terraced home +
  • Three bedrooms +
  • Two large receptions +
  • Modernisation opportunity +
  • Ground floor WC +
  • Sizeable four piece bathroom +
  • Double glazing & gas central heating +
  • Potential to extend (STPP) +
  • Council Tax band E +

Chain free - Available to view from Saturday 18th January by appointment

Offered for sale with the added benefit of no chain, Churchill Estates are pleased to present this well proportioned, three bedroom terraced family home ideally situated within just 10 minutes of Redbridge Central line station (0.6 miles).

The ground floor of this 1930's property comprises a spacious living room with feature bay window to front, large second reception/dining room, extended fitted kitchen, downstairs W/C and a low maintenance rear garden.

On the first floor you will find a large main bedroom with fitted wardrobes and a bright bay window, second double bedroom, a smaller third bedroom/office and a sizeable four piece bathroom.

Further benefitting from a detached garage at the rear of the garden, double glazing throughout, gas central heating and potential to extend into the loft (STPP).

For more information or an appointment to view, please contact the office at your convenience.

Agent Details

Churchill Estates, Wanstead

020 3907 3687

Next Steps?

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