3 Bed Terraced House, Refurb/BRRR, Ilford, IG1 2UQ, £430,000

Eton Road, Ilford, IG1 2UQ - 4 views - 3 months ago

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

ValuationUndervalued

Sold Prices£207K - £580K
Sold Prices/m²£2.9K/m² - £7.4K/m²

 

 

Square Metres

~93 m²
Price/m²£4.6K/m²

Value Estimate

£449,266

 

 

End Value (After Refurb)

£432,954

Uplift in Value

+-4%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£107,500

Stamp Duty & Legal Fees

£24,700

Refurb Costs

£49,200

Bridging Loan Interest

£11,288

Total Cash In

£194,438

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£432,954

Mortgage (After Refinance)

£324,716

Mortgage LTV

75%

Cash Released

£2,216

Cash Left In

£192,222

Equity

£108,239

Rent Range

£850 - £3,100

Rent Estimate

£2,375

Running Costs/mo

£1,848

Cashflow/mo

£527

Cashflow/yr

£6,324

ROI

3%

Gross Yield

7%

Local Sold Prices

50 sold prices from £207K to £580K, average is £458.8K. £2.9K/m² to £7.4K/m², average is £4.9K/m².

PriceDateDistanceAddressBeds 
£325K01/210.06 mi49, Eton Road, Ilford, Greater London IG1 2UD3
£470K01/230.06 mi168, Henley Road, Ilford, Greater London IG1 2TR3
£425K11/200.09 mi142, Eton Road, Ilford, Greater London IG1 2UJ3
£432K06/210.09 mi230, Henley Road, Ilford, Greater London IG1 2TW3
£460K11/210.11 mi275, Henley Road, Ilford, Greater London IG1 2TN3
£478K01/230.11 mi128, Staines Road, Ilford, Greater London IG1 2UY3
£495K07/230.12 mi31, Staines Road, Ilford, Greater London IG1 2XA3
£207K04/230.12 mi69, Staines Road, Ilford, Greater London IG1 2XA3
£410K02/210.16 mi197, Kingston Road, Ilford, Greater London IG1 1PF3
£456K01/210.16 mi186, Kingston Road, Ilford, Greater London IG1 1PF3
£407K01/210.2 mi159, Windsor Road, Ilford, Greater London IG1 1HE3
£425K02/230.21 mi296, Hampton Road, Ilford, Greater London IG1 1PL3
£435K11/210.22 mi149, Hampton Road, Ilford, Greater London IG1 1PR3
£433K04/210.24 mi118, Richmond Road, Ilford, Greater London IG1 1JX3
£485K06/230.24 mi323, Kingston Road, Ilford, Greater London IG1 1PJ3
£510K07/230.26 mi73, Gordon Road, Ilford, Greater London IG1 1SL3
£475K01/230.27 mi11, South Park Road, Ilford, Greater London IG1 1SZ3
£367.5K12/200.27 mi12, Eton Road, Ilford, Greater London IG1 2UE3
£450K06/210.27 mi116, South Park Road, Ilford, Greater London IG1 1SZ3
£565K02/230.3 mi49, Park Road, Ilford, Greater London IG1 1SF3
£455K07/220.3 mi23, Craigen Gardens, Ilford, Greater London IG3 9FG3
£382K11/200.31 mi31, Eton Road, Ilford, Greater London IG1 2UD3
£391K11/200.31 mi69, Eton Road, Ilford, Greater London IG1 2UD3
£440K03/210.32 mi248, Staines Road, Ilford, Greater London IG1 2UP3
£472K04/210.32 mi276, Staines Road, Ilford, Greater London IG1 2UP3
£455K04/230.33 mi200, Eton Road, Ilford, Greater London IG1 2UN3
£457.5K06/210.33 mi347, Eton Road, Ilford, Greater London IG1 2UN3
£580K12/220.33 mi2, Tylehurst Gardens, Ilford, Greater London IG1 2QL3
£350K09/210.36 mi104, Grange Road, Ilford, Greater London IG1 1EX3
£520K06/210.37 mi74, Richmond Road, Ilford, Greater London IG1 1JZ3
£430K02/210.38 mi23, Mortlake Road, Ilford, Greater London IG1 2SX3
£500K01/210.38 mi42, Vine Gardens, Ilford, Greater London IG1 2QJ3
£513K03/210.4 mi82, South Park Terrace, Ilford, Greater London IG1 1YB3
£505K06/210.4 mi14, Park Road, Ilford, Greater London IG1 1SD3
£260K03/210.41 mi17, Fairway Gardens, Ilford, Greater London IG1 2QG3
£535K10/220.42 mi39, Chudleigh Crescent, Ilford, Greater London IG3 9AT3
£470K11/200.42 mi49, Chudleigh Crescent, Ilford, Greater London IG3 9AT3
£525K06/210.43 mi343, Mortlake Road, Ilford, Greater London IG1 2TQ3
£525K06/210.43 mi343, Mortlake Road, Ilford, Greater London IG1 2TQ3
£560K07/230.44 mi30, Elstree Gardens, Ilford, Greater London IG1 2QQ3
£485K01/230.46 mi3, Park Road, Ilford, Greater London IG1 1SB3
£515K04/210.46 mi14, Tavistock Gardens, Ilford, Greater London IG3 9BE3
£530K06/210.46 mi46, Tavistock Gardens, Ilford, Greater London IG3 9BE3
£517.5K04/210.47 mi51, Bedford Road, Ilford, Greater London IG1 1EL3
£425K01/210.49 mi131, South Park Drive, Ilford, Greater London IG3 9AD3
£455K06/210.49 mi149, South Park Drive, Ilford, Greater London IG3 9AD3
£565K07/230.5 mi55, Belmont Road, Ilford, Greater London IG1 1YW3
£415K01/230.51 mi103, Green Lane, Ilford, Greater London IG1 1XL3
£455K03/230.52 mi14, Stanley Road, Ilford, Greater London IG1 1RW3
£465K01/210.53 mi8, South Park Crescent, Ilford, Greater London IG1 1XU3

Local Rents

33 rents from £850/mo to £3.1K/mo, average is £2.3K/mo.

RentDateDistanceAddressBeds 
£2,00004/240.08 mi-3
£2,20012/240.1 mi-3
£2,50001/250.11 mi-3
£2,40012/240.17 mi-3
£2,50012/240.18 mi-3
£3,10004/240.27 mi-3
£2,30004/240.29 miMeath Road3
£2,50003/250.38 mi-3
£85003/250.38 mi-3
£2,30001/250.5 mi-3
£2,60012/240.51 mi-3
£3,00003/250.52 mi-3
£2,40004/240.52 mi-3
£2,29512/240.52 mi-3
£2,40002/250.52 mi-3
£2,40002/250.52 mi-3
£2,20003/250.53 mi-3
£2,60005/240.53 miMelford Road, Ilford, IG13
£2,50012/240.53 mi-3
£2,20003/240.54 miBedford Road, IG13
£2,30012/240.54 mi-3
£2,30012/240.54 mi-3
£2,30005/240.55 mi-3
£2,30012/240.55 mi-3
£2,40003/250.55 mi-3
£2,70002/250.56 mi-3
£2,30012/240.58 mi-3
£2,20004/240.61 mi-3
£2,20002/250.61 mi-3
£2,85012/240.61 mi-3
£2,40003/250.62 mi-3
£1,90001/250.62 mi-3
£2,20005/240.62 miPark Avenue, Barking3

Local Area Statistics

Population in IG1

63,569

Population in Ilford

181,468

Town centre distance

1.77 miles away

Nearest school

0.20 miles away

Nearest train station

0.80 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+7%

Sales demand

Buyer's market

Capital growth (5yrs)

+28%

Property History

Price changed to £430,000

January 31, 2025

Listed for £450,000

January 8, 2025

Floor Plans

Description

  • Three Bedroom End Of Terrace +
  • Two Reception Rooms +
  • In Need Of Modernisation +
  • Extension Potential +
  • Rear Vehicular Access +
  • Detached Garage To Rear +
  • Put Your Own Stamp On +
  • Blank Canvas +
  • Ilford & Barking Stations +
  • Chain Free +

Guide Price £450,000 - £475,000 - This three-bedroom property is a perfect opportunity for those looking to put their own stamp on a home. Offering a "blank canvas," it is ready to be fully renovated to suit your taste and standards. The first floor includes three bedrooms, a bathroom, and a spacious landing, providing access to the potential for a loft conversion, similar to neighboring homes.

On the ground floor, the property features two reception rooms and a kitchen, with the added potential for a full-width rear extension, as seen in other properties nearby. Externally, there is an approximately 50ft rear garden, side access, and rear access leading to a detached garage. At the front, the home benefits from off-street parking.

The location is ideal for families, being close to Outstanding Primary and Secondary Schools, Ilford and Barking Stations, and the vibrant Ilford Lane shopping area. For further information or to schedule a viewing, please get in touch with us.

Agent Details

haart, Ilford

020 3840 3859

Next Steps?

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