8 Bed HMO, Ilford, IG2 7JE £1,100,000

8 Leyswood Drive, Ilford, IG2 7JE - 27 views - 10 months ago
Sold STC
Leasehold
HMO
Planning
ROI: 1%
88 m²
Property image

ValuationOvervalued

Sold Prices£335K - £1.0M
Sold Prices/m²£3.7K/m² - £6.6K/m²

 

 

Square Metres

88 m²
Price/m²£12.5K/m²

Value Estimate

£406,569

Investment Opportunity

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£275,000

Stamp Duty & Legal Fees

£98,450

Total Cash In

£373,450

 

 

Cash Out

 

Room Rate

£815

Gross Rent

£6,520

Running Costs/mo

£5,916

Cashflow/mo

£604

Cashflow/yr

£7,252

ROI

2%

Gross Yield

7%

Local Sold Prices

50 sold prices from £335K to £1.0M, average is £582.5K. £3.7K/m² to £6.6K/m², average is £4.8K/m².

Price
Date
Distance
Address
Beds
 
£690K04/220 mi1, Leyswood Drive, Ilford, Greater London IG2 7JE4
£335K12/230.06 mi813, Eastern Avenue, Ilford, Greater London IG2 7RY4
£335K12/230.07 mi813, Eastern Avenue, Ilford IG2 7RY4
£625K07/220.14 mi70, Leyswood Drive, Ilford, Greater London IG2 7JH4
£642K03/240.14 mi23, Holland Park Avenue, Ilford, Greater London IG3 8JS4
£642K03/240.15 mi23, Holland Park Avenue, Newbury Park, Ilford IG3 8JS4
£525K12/220.19 mi58, Oaks Lane, Ilford, Greater London IG2 7PW4
£500K12/220.2 mi192, Aldborough Road South, Ilford, Greater London IG3 8HF4
£710K01/230.21 mi104, Leyswood Drive, Ilford, Greater London IG2 7JL4
£570K08/240.23 mi5, Buryside Close, Newbury Park, Ilford IG2 7JF4
£570K08/240.23 mi5, Buryside Close, Newbury Park, Ilford IG2 7JF4
£584K06/210.25 mi132, Leyswood Drive, Ilford, Greater London IG2 7JN4
£1.0M10/240.26 miAldborough House Farm, Oaks Lane, Newbury Park, Ilford IG2 7QD4
£1.0M10/240.26 miAldborough House Farm, Oaks Lane, Newbury Park, Ilford IG2 7QD4
£600K11/220.32 mi49, Suffolk Road, Newbury Park, Ilford, Greater London IG3 8JF4
£630K11/220.37 mi41, Church Road, Ilford, Greater London IG2 7ET4
£555K11/210.38 mi90, Bawdsey Avenue, Ilford, Greater London IG2 7TJ4
£581K02/250.38 mi88, Bawdsey Avenue, Ilford, Greater London IG2 7TJ4
£640K06/230.39 mi65, Brancaster Road, Newbury Park, Ilford IG2 7EP4
£640K06/230.39 mi65, Brancaster Road, Newbury Park, Ilford IG2 7EP4
£570K02/250.39 mi22, Stainforth Road, Newbury Park, Ilford IG2 7EH4
£570K02/250.4 mi22, Stainforth Road, Ilford, Greater London IG2 7EH4
£581K02/250.4 mi88, Bawdsey Avenue, Newbury Park, Ilford IG2 7TJ4
£640K06/230.41 mi65, Brancaster Road, Ilford, Greater London IG2 7EP4
£570K10/220.42 mi39, Applegarth Drive, Ilford, Greater London IG2 7TG4
£552.7K11/240.48 mi40, Abbey Road, Barkingside, Ilford IG2 7NB4
£552.7K11/240.48 mi40, Abbey Road, Barkingside, Ilford IG2 7NB4
£700K01/230.48 mi25, Beddington Road, Ilford, Greater London IG3 8PD4
£605K06/210.49 mi5, Devonshire Road, Ilford, Greater London IG2 7EN4
£537.5K03/250.52 mi21, Mitcham Road, Seven Kings, Ilford IG3 8QW4
£537.5K03/250.52 mi21, Mitcham Road, Seven Kings, Ilford IG3 8QW4
£528K11/240.52 mi132, Bawdsey Avenue, Ilford, Greater London IG2 7TN4
£587K03/240.53 mi33a, Buntingbridge Road, Barkingside, Ilford IG2 7LW4
£600K03/250.54 mi211, Cambridge Road, Seven Kings, Ilford IG3 8NA4
£600K03/250.54 mi211, Cambridge Road, Seven Kings, Ilford IG3 8NA4
£580K05/230.55 mi174, Bawdsey Avenue, Newbury Park, Ilford IG2 7TN4
£580K05/230.55 mi174, Bawdsey Avenue, Newbury Park, Ilford IG2 7TN4
£537K06/210.57 mi6, Artillery Close, Ilford, Greater London IG2 6BJ4
£630K01/250.58 mi1, Sherwood Road, Barkingside, Ilford IG6 1BW4
£600K09/210.58 mi2, Regent Gardens, Ilford, Greater London IG3 8UL4
£675K10/220.59 mi45, Stainforth Road, Ilford, Greater London IG2 7EL4
£525K06/210.59 mi27, Regent Gardens, Ilford, Greater London IG3 8UL4
£600K04/250.59 mi143, Horns Road, Barkingside, Ilford IG6 1DF4
£600K04/250.59 mi143, Horns Road, Barkingside, Ilford IG6 1DF4
£630K06/230.59 mi75, Norfolk Road, Ilford, Greater London IG3 8LJ4
£545K11/220.6 mi141, Horns Road, Ilford, Greater London IG6 1DF4
£486K09/220.6 mi5, Farnham Road, Ilford, Greater London IG3 8QB4
£545K06/210.62 mi14, Royal Close, Ilford, Greater London IG3 8UJ4
£470K12/220.62 mi36, Meads Lane, Ilford, Greater London IG3 8QA4
£600K09/210.63 mi2, Regent Gardens, Seven Kings, Ilford IG3 8UL4

Local Area Statistics

Population in IG2

28,254

Population in Ilford

181,468

Town centre distance

0.58 miles away

Nearest school

0.10 miles away

Nearest train station

0.39 miles away

 

 

Rental demand

Landlord's market

Sales demand

Balanced market

Capital growth (5yrs)

+15%

Property History

Price changed to £1,100,000

February 12, 2025

Listed for £1,200,000

January 9, 2025

Description

  • Newly Refurbished Featuring 6 Bedrooms And 2 Reception Rooms. +
  • Self-Contained Annex With Kitchen, Shower, And Toilet Facilities In The Garden. +
  • <br><br>Spacious Driveway Offering Parking For Multiple Vehicles.<br><br> +
  • Huge Garden Ideal For Relaxation, Entertaining, Or Future Development. +
  • Excellent Potential For Use As A Large Family Home. +
  • Opportunity For HMO Conversion, Subject To Planning Permission. +
  • <br><br>Located In A Sought-After Area Close To Top-Rated Schools And Amenities. +
  • Convenient Transport Links With Easy Access To Central London. +
  • <br><br>Situated In A Vibrant And Friendly Community With Nearby Parks And Shops.<br><br> +

Spacious 8-Bedroom Residential Home with Investment Potential in Leyswood Drive, IG2 7JE

This newly refurbished property offers a unique opportunity to acquire a versatile and expansive residence in the sought after area of Leyswood Drive, Ilford. With Eight bedrooms (configured as Six bedrooms and Two reception rooms) and 8 bathrooms, this home is ideal for large families or investors seeking a property with significant potential.

Main Residence Features:

Bedrooms: Six generously sized bedrooms, each Two with en suite bathrooms, providing comfort and privacy for all residents.
Reception Rooms: Two spacious reception rooms, perfect for family gatherings and entertaining guests.

The property has been recently updated to a high standard, featuring contemporary finishes throughout.

Annex:
A self contained annex located within the expansive garden, complete with a kitchen, shower, and toilet facilities. This space is ideal for guest accommodation, extended family, or potential rental income.

Outdoor Amenities:
Driveway: Ample off road parking space for multiple vehicles.
Garden: A vast garden area, perfect for recreation, entertaining, or potential development opportunities.

Investment Potential:
Large Family Home: The spacious layout makes it an ideal residence for a growing or multi-generational family.
HMO Conversion: Subject to planning approval, the property could be converted into a House in Multiple Occupation (HMO), appealing to professionals or students.

Location Highlights:
Educational Institutions: The property is within proximity to several well-regarded schools, including William Torbitt Primary School and Oaks Park High School, making it an excellent choice for families.

Notice
Lettings
Stonebridge also offer a professional Lettings and Management Service. If you are considering renting your property, to purchase or are looking at buy to let investments or would like a free review of your current portfolio then please call the lettings manager.

Agents Notes
All dimensions are approximate and are quoted for guidance only, their accuracy cannot be confirmed. Reference to appliances and/or services does not imply they are necessarily in working order or fit for the purpose. Buyers are advised to obtain verification from their solicitors as to the Freehold/Leasehold status of the property, the position regarding any fixtures and fittings and where the property has been extended/converted as to Planning Approval and Building regulations compliance. These do not constitute or form part of an offer or contract nor may be regarded as representations. All interested parties must themselves verify their accuracy.

Agent Details

Stonebridge Estates, London

020 3834 8500

Next Steps?

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