5 Bed Terraced House, Refurb/BRRR, Ilford, IG1 3HQ, £850,000

Redcliffe Gardens, ILFORD, IG1 3HQ - 3 views - 3 months ago

Sold STC
Refurb/BRRR
~178 m²
+20 photos

ValuationOvervalued

Sold Prices£268K - £1.1M
Sold Prices/m²£2.2K/m² - £8.2K/m²

 

 

Square Metres

~178.28 m²
Price/m²£4.8K/m²

Value Estimate

£800,474

 

 

End Value (After Refurb)

£902,557

Uplift in Value

+6%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£212,500

Stamp Duty & Legal Fees

£56,700

Refurb Costs

£94,317

Bridging Loan Interest

£22,313

Total Cash In

£387,580

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£902,557

Mortgage (After Refinance)

£676,918

Mortgage LTV

75%

Cash Released

£39,418

Cash Left In

£348,162

Equity

£225,639

Rent Range

£850 - £8,000

Rent Estimate

£2,537

Running Costs/mo

£3,348

Cashflow/mo

£-811

Cashflow/yr

£-9,731

Gross Yield

4%

Local Sold Prices

36 sold prices from £268K to £1.1M, average is £665K. £2.2K/m² to £8.2K/m², average is £4.7K/m².

PriceDateDistanceAddressBeds 
£486K06/210.13 mi76, The Drive, Ilford, Greater London IG1 3HZ5
£665K06/210.13 mi66, Clarendon Gardens, Ilford, Greater London IG1 3JW5
£801K03/230.28 mi56, Seymour Gardens, Ilford, Greater London IG1 3LP5
£960K02/230.28 mi38, Seymour Gardens, Ilford, Greater London IG1 3LP5
£660K06/230.31 mi44, St Georges Road, Ilford, Greater London IG1 3PQ5
£850K03/220.33 mi5, Rochester Gardens, Ilford, Greater London IG1 3LZ5
£612.5K02/210.39 mi14, St Edmunds Road, Ilford, Greater London IG1 3QL5
£810K01/210.45 mi5, Canterbury Avenue, Ilford, Greater London IG1 3NA5
£585K04/210.45 mi114, Wanstead Park Road, Ilford, Greater London IG1 3TN5
£660K10/200.5 mi40, Canterbury Avenue, Ilford, Greater London IG1 3NE5
£670K06/210.5 mi268, Wanstead Park Road, Ilford, Greater London IG1 3TT5
£735K05/230.53 mi16, Peterborough Gardens, Ilford, Greater London IG1 3NH5
£715K01/210.55 mi92, Wanstead Lane, Ilford, Greater London IG1 3SE5
£945K01/210.58 mi107, Canterbury Avenue, Ilford, Greater London IG1 3NG5
£665K12/220.58 mi26, Castleview Gardens, Ilford, Greater London IG1 3QB5
£268K03/230.58 mi94, Auckland Road, Ilford, Greater London IG1 4SG5
£620K03/210.59 mi10, Christchurch Road, Ilford, Greater London IG1 4QY5
£500K06/210.6 mi7, Lonsdale Crescent, Ilford, Greater London IG2 6DE5
£842.5K06/210.67 mi15, Stonehall Avenue, Ilford, Greater London IG1 3SH5
£842.5K06/210.69 mi15, Stonehall Avenue, Ilford, Greater London IG1 3SH5
£840K02/230.71 mi39, Milton Crescent, Ilford, Greater London IG2 6DN5
£730K05/230.73 mi11, Wakefield Gardens, Ilford, Greater London IG1 3SJ5
£690K02/210.77 mi67, Woodford Avenue, Ilford, Greater London IG2 6UR5
£500K03/210.79 mi312, Balfour Road, Ilford, Greater London IG1 4HZ5
£610K08/220.8 mi156, Beehive Lane, Ilford, Greater London IG4 5EE5
£1.1M12/220.91 mi2, Collinwood Gardens, Ilford, Greater London IG5 0AW5
£640K03/210.91 mi19, Collinwood Gardens, Ilford, Greater London IG5 0AW5
£660K05/210.93 mi33, Gantshill Crescent, Ilford, Greater London IG2 6TT5
£645K04/220.93 mi66, Redbridge Lane East, Ilford, Greater London IG4 5EZ5
£570K10/210.95 mi33, Bedford Road, Ilford, Greater London IG1 1EJ5
£572.5K08/210.95 mi48, Royston Gardens, Ilford, Greater London IG1 3SY5
£780K03/210.96 mi25, Edwina Gardens, Ilford, Greater London IG4 5BS5
£835K02/210.96 mi4, Edwina Gardens, Ilford, Greater London IG4 5BS5
£375K03/230.97 mi8, Grangeway Gardens, Ilford, Greater London IG4 5HN5
£675K03/220.97 mi30, Beechwood Gardens, Ilford, Greater London IG5 0AE5
£634K02/210.99 mi70, Kenwood Gardens, Ilford, Greater London IG2 6YQ5

Local Rents

39 rents from £850/mo to £8K/mo, average is £2.5K/mo.

RentDateDistanceAddressBeds 
£2,75005/240.11 mi-4
£3,50012/240.13 mi-6
£85012/240.13 mi-5
£2,30002/250.17 mi-3
£2,99505/240.23 miBethell Avenue, Valentines Park5
£2,40005/240.23 mi-3
£2,55002/250.25 mi-3
£2,00004/250.28 mi-3
£2,97512/240.29 mi-4
£3,40004/240.31 mi-4
£4,95004/250.32 mi-3
£2,97512/240.33 miSeymour Gardens, Ilford, Essex. IG14
£2,30003/250.34 mi-3
£2,00012/240.35 mi-3
£2,80002/250.38 mi-4
£2,10004/240.39 miValentines Road, Ilford, Essex, IG13
£1,60003/240.39 miEmpress Avenue, Ilford, IG13
£2,35004/240.4 miGloucester Court, The Drive, Ilford IG13
£3,40001/250.43 mi-4
£3,00005/240.44 miCranbrook Rise, Ilford, IG14
£3,00005/240.44 miCranbrook Rise, Ilford, Redbridge, Essex, IG14
£2,40005/240.47 miWanstead Park Road, Ilford3
£2,50004/250.48 mi-3
£2,70003/250.49 mi-3
£2,00012/240.49 mi-3
£8,00004/250.5 mi-8
£2,15004/240.54 mi-3
£3,00003/250.54 mi-3
£2,20005/240.56 miBeehive Lane, Ilford, IG13
£2,20012/240.56 mi-3
£2,00012/240.56 mi-3
£2,20005/240.57 miBeehive Lane, Gantshill, Essex, IG13
£2,90004/240.57 mi-4
£2,40012/240.59 mi-3
£2,10001/240.6 miPerth Road IG23
£2,20005/240.61 mi-3
£2,90001/250.62 mi-4
£2,50005/240.62 miEastern Avenue, Gants Hill, Essex IG23
£2,65005/240.62 mi-3

Local Area Statistics

Population in IG1

63,569

Population in Ilford

181,468

Town centre distance

1.10 miles away

Nearest school

0.20 miles away

Nearest train station

0.63 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+7%

Sales demand

Buyer's market

Capital growth (5yrs)

+28%

Property History

Listed for £850,000

January 14, 2025

Floor Plans

Description

  • Five Bedrooms +
  • Three Receptions +
  • First Floor Bathroom/WC +
  • Basement +
  • Utility Room +
  • Ground Floor WC +
  • Approx. 100' Rear Garden +
  • Edwardian End Of Terrace House +

Guide Price £850,000 - £900,000. Payne & Co are pleased to offer for sale this delightful Edwardian end of terrace house, boasting a wealth of character and potential. This five-bedroom property is in need of modernisation, offering the perfect opportunity for anyone willing to undertake a renovation project. The house is double-fronted and benefits from an impressive approx. 100ft rear garden. It is conveniently located off The Drive and Cranbrook Road, a sought-after location with excellent public transport links and nearby schools. The tranquil Valentines Park is also within proximity. The property comprises three reception rooms, all of which are filled with natural light thanks to the large windows. Two of these rooms are further enhanced by charming fireplaces, while the third serves as a morning room. There is a fitted kitchen and a bathroom on the first floor with a separate WC. The five bedrooms are all doubles, providing ample space for a growing family or for accommodating guests. Additional features include side access, off-street parking, a workshop in the garden, a cellar, utility room, ground floor shower/WC, an enclosed porch, and a sizable split-level landing. The house retains its original rear addition, adding to its charm and character. Embrace the opportunity to make this house your own and bring its original features back to life.

Agent Details

Payne & Co, Ilford

020 3873 8289

Next Steps?

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