3 Bed Terraced House, Refurb/BRRR, Ilford, IG2 6QB, £485,000

Cantley Gardens, Ilford, IG2 6QB - 2 views - 3 months ago

Sold STC
Refurb/BRRR
ROI: 2%
~93 m²
+12 photos

ValuationFair Value

Sold Prices£200K - £625K
Sold Prices/m²£2.7K/m² - £7.7K/m²

 

 

Square Metres

~93 m²
Price/m²£5.2K/m²

Value Estimate

£476,625

 

 

End Value (After Refurb)

£470,580

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£121,250

Stamp Duty & Legal Fees

£27,500

Refurb Costs

£49,200

Bridging Loan Interest

£12,731

Total Cash In

£212,431

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£470,580

Mortgage (After Refinance)

£352,935

Mortgage LTV

75%

Cash Left In

£212,431

Equity

£117,645

Rent Range

£1,750 - £3,300

Rent Estimate

£2,353

Running Costs/mo

£1,961

Cashflow/mo

£392

Cashflow/yr

£4,702

ROI

2%

Gross Yield

6%

Local Sold Prices

50 sold prices from £200K to £625K, average is £505.5K. £2.7K/m² to £7.7K/m², average is £5.4K/m².

PriceDateDistanceAddressBeds 
£486K11/210 mi5, Cantley Gardens, Ilford, Greater London IG2 6QB3
£505K01/230.03 mi75, Yoxley Drive, Ilford, Greater London IG2 6PU3
£471K04/210.03 mi67, Yoxley Drive, Ilford, Greater London IG2 6PU3
£471K04/210.03 mi67, Yoxley Drive, Ilford, Greater London IG2 6PU3
£520K06/210.07 mi80, Springfield Drive, Ilford, Greater London IG2 6QS3
£535K06/210.07 mi76, Springfield Drive, Ilford, Greater London IG2 6QS3
£500K06/210.1 mi12, Cantley Gardens, Ilford, Greater London IG2 6QA3
£200K03/230.1 mi75a, Horns Road, Ilford, Greater London IG2 6BN3
£490K03/210.11 mi42, Springfield Drive, Ilford, Greater London IG2 6QR3
£595K07/230.11 mi104, Springfield Drive, Ilford, Greater London IG2 6QT3
£490K11/210.12 mi5, Yoxley Drive, Ilford, Greater London IG2 6PZ3
£565K03/230.13 mi27, Denham Drive, Ilford, Greater London IG2 6QU3
£535K12/220.14 mi99, Horns Road, Ilford, Greater London IG6 1DQ3
£527K02/210.18 mi30, Brockham Drive, Ilford, Greater London IG2 6QW3
£477.5K11/220.18 mi121, Springfield Drive, Ilford, Greater London IG2 6QP3
£535K04/230.18 mi128, Springfield Drive, Ilford, Greater London IG2 6QP3
£472K01/210.18 mi698, Eastern Avenue, Ilford, Greater London IG2 6PF3
£515K03/210.19 mi104, Ardwell Avenue, Ilford, Greater London IG6 1AP3
£500K04/210.19 mi90, Ardwell Avenue, Ilford, Greater London IG6 1AP3
£485K01/210.19 mi89, Ardwell Avenue, Barkingside, Ilford, Greater London IG6 1AP3
£547K02/210.21 mi108, Headley Drive, Ilford, Greater London IG2 6QL3
£507K03/230.22 mi11, Ashurst Drive, Ilford, Greater London IG2 6SQ3
£515K03/210.22 mi561, Eastern Avenue, Ilford, Greater London IG2 6PJ3
£530K03/210.23 mi61, Emmott Avenue, Ilford, Greater London IG6 1AH3
£300K05/210.25 mi101, Quebec Road, Ilford, Greater London IG2 6AW3
£460K02/210.25 mi126, Quebec Road, Ilford, Greater London IG2 6AW3
£412K11/200.25 mi87, Perrymans Farm Road, Ilford, Greater London IG2 7LT3
£576K06/210.26 mi118, Ashurst Drive, Ilford, Greater London IG6 1AQ3
£425K07/210.26 mi34, Cranley Road, Ilford, Greater London IG2 6AD3
£490K02/210.26 mi576, Eastern Avenue, Ilford, Greater London IG2 6PH3
£435K02/210.27 mi47, Birkbeck Road, Ilford, Greater London IG2 7NF3
£500K05/230.27 mi58, Otley Drive, Ilford, Greater London IG2 6SN3
£512K12/220.27 mi80, Headley Drive, Ilford, Greater London IG2 6LU3
£506K04/210.28 mi49, Netley Road, Ilford, Greater London IG2 7NR3
£506K04/210.28 mi49, Netley Road, Ilford, Greater London IG2 7NR3
£485K09/210.28 mi69, Cranley Road, Ilford, Greater London IG2 6AF3
£530K10/210.3 mi517, Eastern Avenue, Ilford, Greater London IG2 6LT3
£460K01/210.3 mi19, Icknield Drive, Ilford, Greater London IG2 6SE3
£485K05/210.3 mi43, Glenham Drive, Ilford, Greater London IG2 6SF3
£530K07/210.3 mi57, Glenham Drive, Ilford, Greater London IG2 6SF3
£525K03/210.3 mi34, Martley Drive, Ilford, Greater London IG2 6SH3
£625K02/230.3 mi46, Martley Drive, Ilford, Greater London IG2 6SH3
£475K11/200.31 mi53, Bute Road, Ilford, Greater London IG6 1AG3
£530K05/230.31 mi23, Westernville Gardens, Ilford, Greater London IG2 6AL3
£510K11/220.32 mi146, Ashurst Drive, Ilford, Greater London IG6 1EE3
£525K05/210.33 mi88, Hamilton Avenue, Ilford, Greater London IG6 1AD3
£620K12/220.33 mi4, Westernville Gardens, Ilford, Greater London IG2 6AL3
£475K03/210.34 mi74, Quebec Road, Ilford, Greater London IG2 6AN3
£410K05/230.34 mi29, Pershore Close, Ilford, Greater London IG2 6RR3
£605K06/220.35 mi35, Middleton Gardens, Ilford, Greater London IG2 6DS3

Local Rents

50 rents from £1.8K/mo to £3.3K/mo, average is £2.3K/mo.

RentDateDistanceAddressBeds 
£2,50004/250.06 mi-3
£2,60012/240.09 mi-3
£2,50003/250.09 mi-3
£1,90004/250.1 mi-3
£2,75005/240.1 mi-3
£2,75004/240.1 miOtley Drive, Ilford, IG23
£2,10008/240.12 miArdwell Avenue, Ilford, IG63
£2,10008/240.12 mi-3
£2,30012/240.12 mi-3
£2,50003/250.13 mi-3
£2,05008/240.15 miEmmott Avenue, Ilford, Essex. IG63
£2,50012/240.16 mi-3
£2,40001/250.16 mi-3
£2,45004/240.16 mi-3
£2,40012/240.17 mi-3
£2,20005/240.17 miTring Close, Ilford, IG23
£2,05008/240.17 mi-3
£1,75004/250.26 mi-3
£2,35004/250.26 mi-3
£2,00007/240.26 mi-3
£2,60012/240.27 mi-3
£2,30002/250.29 mi-3
£2,25005/240.29 miIcknield Drive, Gants Hill3
£2,25005/240.29 miIcknield Drive, Gants Hill3
£2,25005/240.29 miIcknield Drive, Gants Hill3
£2,25004/240.29 miIcknield Drive, Gants Hill3
£2,20001/250.3 mi-3
£2,30004/250.3 mi-3
£3,30012/240.3 mi-3
£3,30002/250.3 mi-3
£3,20003/250.3 mi-3
£2,40012/240.3 mi-3
£2,20009/240.31 miBute Road, Ilford, Essex, IG63
£2,60004/240.32 mi-3
£2,25007/240.32 miChase Lane, Barkingside3
£2,30001/250.34 mi-3
£2,30006/240.34 mi-3
£2,30005/240.34 miLey Street, Ilford, IG23
£2,30005/240.34 miLey Street, Ilford, IG23
£2,30006/240.34 miLey Street, Ilford, IG23
£2,15004/240.36 mi-3
£2,20004/240.36 mi-3
£2,35004/240.37 miBush Close, Newbury Park, IG23
£2,10001/240.37 miPerth Road IG23
£2,35008/240.4 miIlford, IG63
£2,20012/240.4 mi-3
£2,20012/240.41 mi-3
£2,80008/240.43 mi-3
£2,80007/240.43 mi-3
£2,20005/240.43 miCotswold Gardens, Ilford, IG23

Local Area Statistics

Population in IG2

28,254

Population in Ilford

181,468

Town centre distance

0.15 miles away

Nearest school

0.20 miles away

Nearest train station

0.40 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+7%

Sales demand

Balanced market

Capital growth (5yrs)

+24%

Property History

Listed for £485,000

January 29, 2025

Floor Plans

Description

• SOUGHT AFTER LOCATION

• THREE BEDROOM TERRACE

• POTENTIAL TO EXTEND

• OFF-STREET PARKING

• DESIRABLE LOCATION

• GOOD LOCAL SCHOOLS

Full description

Tenure: Freehold

This three-bedroom family home is situated in a highly sought after location.

The property requires modernisation throughout but has huge potential to extend to rear and loft subject to the usual planning consent.

The property also benefits from a good size rear garden with off street parking to the front for own driveway.

Cantley Gardens falls within a desirable enclave of turnings located within 0.25 miles of Barkingside, Newbury Park and Gants Hill central line stations which offer immediate access into the City and West End as well as Canary Wharf.

Local shopping facilities, bus services and popular local primary and secondary schools are also close by.

Immediate viewings can be organised by calling our Sales Team.

Agent Details

Bairstow Eves, Barkingside

020 3869 5975

Next Steps?

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