3 Bed Terraced House, Refurb/BRRR, Woodford Green, IG8 8JG, £500,000

Crownhill Road, Woodford Green, IG8 8JG - 2 views - 2 months ago

Refurb/BRRR
ROI: 1%
~93 m²
+12 photos

ValuationUndervalued

Sold Prices£430K - £789.5K
Sold Prices/m²£3.7K/m² - £7.9K/m²

 

 

Square Metres

~93 m²
Price/m²£5.4K/m²

Value Estimate

£515,000
BMV3%

 

 

End Value (After Refurb)

£558,000

Uplift in Value

+12%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£125,000

Stamp Duty & Legal Fees

£28,700

Refurb Costs

£49,200

Bridging Loan Interest

£13,125

Total Cash In

£217,775

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£558,000

Mortgage (After Refinance)

£418,500

Mortgage LTV

75%

Cash Released

£43,500

Cash Left In

£174,275

Equity

£139,500

Rent Range

£1,500 - £3,500

Rent Estimate

£2,490

Running Costs/mo

£2,262

Cashflow/mo

£228

Cashflow/yr

£2,739

ROI

1%

Gross Yield

6%

Local Sold Prices

50 sold prices from £430K to £789.5K, average is £508.3K. £3.7K/m² to £7.9K/m², average is £6K/m².

PriceDateDistanceAddressBeds 
£506.5K02/210 mi28, Crownhill Road, Woodford Green, Greater London IG8 8JG3
£470K06/210.02 mi39, Crownhill Road, Woodford Green, Greater London IG8 8JF3
£570K10/210.02 mi41, Crownhill Road, Woodford Green, Greater London IG8 8JF3
£510K02/210.02 mi17, Crownhill Road, Woodford Green, Greater London IG8 8JF3
£450K11/200.02 mi11, Crownhill Road, Woodford Green, Greater London IG8 8JF3
£438.5K01/210.04 mi7, Vicarage Road, Woodford Green, Greater London IG8 8NH3
£540K06/230.04 mi27, Vicarage Road, Woodford Green, Greater London IG8 8NH3
£500K02/230.05 mi11, Vicarage Road, Woodford Green, Greater London IG8 8NH3
£480K06/210.08 mi97, Highfield Road, Woodford Green, Greater London IG8 8JB3
£485K04/210.08 mi43, Highfield Road, Woodford Green, Greater London IG8 8JB3
£525K12/200.12 mi66, Canfield Road, Woodford Green, Greater London IG8 8JH3
£460K06/210.12 mi78, Canfield Road, Woodford Green, Greater London IG8 8JH3
£443K03/210.12 mi50, Canfield Road, Woodford Green, Greater London IG8 8JQ3
£480.1K11/210.14 mi48, Canfield Road, Woodford Green, Greater London IG8 8JQ3
£450K08/210.14 mi12, Canfield Road, Woodford Green, Greater London IG8 8JQ3
£510K12/220.18 mi96, Uplands Road, Woodford Green, Greater London IG8 8JW3
£445K03/210.2 mi159, Uplands Road, Woodford Green, Greater London IG8 8JP3
£430K10/210.2 mi107, Uplands Road, Woodford Green, Greater London IG8 8JP3
£470K05/230.24 mi15, Owen Gardens, Woodford Green, Greater London IG8 8DJ3
£470K11/210.24 mi6, Owen Gardens, Woodford Green, Greater London IG8 8DJ3
£560K02/210.24 mi75, Roding Lane North, Woodford Green, Greater London IG8 8NR3
£515K04/210.25 mi8, Owen Gardens, Woodford Green, Greater London IG8 8DJ3
£635K02/230.27 mi6, Nyssa Close, Woodford Green, Greater London IG8 8DQ3
£488K12/200.28 mi111, Wensleydale Avenue, Ilford, Greater London IG5 0ND3
£510K02/210.28 mi151, Wensleydale Avenue, Ilford, Greater London IG5 0ND3
£480K05/210.29 mi41, Gaynes Hill Road, Woodford Green, Greater London IG8 8HU3
£565K02/210.3 mi11, Cairns Avenue, Woodford Green, Greater London IG8 8DH3
£530K02/210.3 mi29, Cairns Avenue, Woodford Green, Greater London IG8 8DH3
£590K02/230.31 mi28, Morgan Way, Woodford Green, Greater London IG8 8DL3
£550K11/220.33 mi643, Chigwell Road, Woodford Green, Greater London IG8 8AJ3
£480K04/210.34 mi37, Deacon Way, Woodford Green, Greater London IG8 8DF3
£560K03/230.35 mi31, Naseby Road, Ilford, Greater London IG5 0NW3
£540K03/210.35 mi2, Naseby Road, Ilford, Greater London IG5 0NW3
£500K06/230.36 mi518, Chigwell Road, Woodford Green, Greater London IG8 8PA3
£530K11/220.36 mi19, The Glade, Ilford, Greater London IG5 0NQ3
£526.5K04/230.37 mi30, Waltham Road, Woodford Green, Greater London IG8 8DN3
£475K07/210.37 mi7, Waltham Road, Woodford Green, Greater London IG8 8DN3
£530K06/210.37 mi7, Gwynne Park Avenue, Woodford Green, Greater London IG8 8AB3
£547.5K04/210.37 mi17, Gwynne Park Avenue, Woodford Green, Greater London IG8 8AB3
£450K12/220.38 mi738, Chigwell Road, Woodford Green, Greater London IG8 8AL3
£789.5K01/210.39 mi60, Wensleydale Avenue, Ilford, Greater London IG5 0NB3
£485K02/210.39 mi93, Wensleydale Avenue, Ilford, Greater London IG5 0NB3
£532K03/210.39 mi69, Wensleydale Avenue, Ilford, Greater London IG5 0NB3
£447K09/210.39 mi438, Chigwell Road, Woodford Green, Greater London IG8 8PD3
£730K05/210.4 mi20, Glastonbury Avenue, Woodford Green, Greater London IG8 7LR3
£545K04/230.41 mi13, Kinnaird Way, Woodford Green, Greater London IG8 8DD3
£547.5K01/210.41 mi6, Kinnaird Way, Woodford Green, Greater London IG8 8DD3
£515K04/210.41 mi59, Stoneycroft Road, Woodford Green, Greater London IG8 8ED3
£493K10/210.42 mi21, Marston Road, Ilford, Greater London IG5 0LZ3
£435K06/210.42 mi17, Marston Road, Ilford, Greater London IG5 0LZ3

Local Rents

23 rents from £1.5K/mo to £3.5K/mo, average is £2.5K/mo.

RentDateDistanceAddressBeds 
£2,35003/250.02 mi-3
£1,50004/240.02 miCrownhill Road, Woodford Green3
£1,95004/240.37 miElmslie Close, Chigwell, Essex, IG83
£2,50004/240.37 miStoneycroft Road, Woodford Green3
£2,50005/240.37 miStoneycroft Road, Woodford Green3
£2,35006/240.37 miStoneycroft Road, Woodford Green3
£2,50012/240.39 mi-3
£2,50012/240.39 mi-3
£2,17501/250.4 mi-3
£2,35005/240.42 miWaltham Road, Woodford Green, IG83
£2,10004/240.47 mi-3
£2,20005/240.48 miBrackley Square, Woodford Green, Greater London, IG83
£2,75001/250.51 mi-3
£2,75001/250.51 mi-3
£3,00005/240.54 miRepton Park, Woodford Green, IG83
£2,75004/240.54 miRepton Park, Woodford Green, IG83
£2,99505/240.54 miRepton Park, Woodford Green, IG83
£2,99506/240.54 miRepton Park, Woodford Green, IG83
£2,30012/240.55 mi-3
£2,30012/240.55 mi-3
£1,65003/250.56 mi-3
£3,50005/240.58 miOsborne House, Woodford Green, Essex, IG83
£2,60001/250.62 mi-3

Local Area Statistics

Population in IG8

35,894

Town centre distance

0.90 miles away

Nearest school

0.20 miles away

Nearest train station

0.89 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+27%

Sales demand

Balanced market

Capital growth (5yrs)

+12%

Property History

Listed for £500,000

January 25, 2025

Floor Plans

Description

Property Description: Three-Bedroom Terraced House on Crownhill Road, Woodford Bridge

This charming 1930s terraced house offers an ideal blend of traditional character and modern convenience, located in the desirable area of Woodford Bridge. This property does require modernisation, but does lend itself to future extension potential subject to obtaining relevant planning consent.

The ground floor features a welcoming front reception room, perfect for relaxing or entertaining. To the rear, you’ll find an open-plan kitchen and dining area that flows seamlessly into a back reception space, offering a versatile and spacious layout for modern family living.

The first floor comprises three bedrooms, including two generously sized doubles and a smaller box room, ideal as a nursery, study, or storage. A well-appointed family bathroom serves the upstairs accommodation.

The rear garden provides a delightful outdoor retreat, starting with a paved area perfect for al fresco dining, leading to a lawned section ideal for play or relaxation.

This property is situated close to excellent primary and secondary schools, making it a superb choice for families. Conveniently located near a range of shops in Woodford Bridge, it also benefits from excellent public transport links and easy access to London via the M11 and A406.

Currently vacant, this home is ready for immediate occupancy and offers a fantastic opportunity for its next owners to settle into a vibrant and well-connected neighborhood.

Agent Details

Bairstow Eves, Woodford Green

020 3835 6392

Next Steps?

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