4 Bed Terraced House, Refurb/BRRR, Ilford, IG1 1TG, £365,000

37 Oaklands Park Avenue, Ilford, Essex, IG1 1TG - 2 views - 2 months ago

Auction
Refurb/BRRR
ROI: 7%
83 m²
+4 photos

ValuationFair Value

Sold Prices£227.2K - £780K
Sold Prices/m²£2.2K/m² - £6.6K/m²

 

 

Square Metres

83 m²
Price/m²£4.4K/m²

Value Estimate

£359,479

 

 

End Value (After Refurb)

£380,394

Uplift in Value

+4%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£91,250

Stamp Duty & Legal Fees

£17,900

Refurb Costs

£43,910

Bridging Loan Interest

£9,581

Total Cash In

£164,391

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£380,394

Mortgage (After Refinance)

£285,296

Mortgage LTV

75%

Cash Released

£11,546

Cash Left In

£152,845

Equity

£95,099

Rent Range

£750 - £16,000

Rent Estimate

£2,794

Running Costs/mo

£1,768

Cashflow/mo

£1,026

Cashflow/yr

£12,318

ROI

7%

Gross Yield

9%

Local Sold Prices

50 sold prices from £227.2K to £780K, average is £501.3K. £2.2K/m² to £6.6K/m², average is £4.5K/m².

PriceDateDistanceAddressBeds 
£400K02/210.09 mi69, St Marys Road, Ilford, Greater London IG1 1QU4
£540K06/210.22 mi11, Belmont Road, Ilford, Greater London IG1 1YW4
£495K03/210.25 mi58, Park Road, Ilford, Greater London IG1 1SD4
£462K03/210.37 mi212, Green Lane, Ilford, Greater London IG1 1YF4
£685K02/220.39 mi48, Balfour Road, Ilford, Greater London IG1 4JG4
£706K03/230.4 mi11, Melbourne Road, Ilford, Greater London IG1 4LF4
£496K10/200.42 mi33, South Park Crescent, Ilford, Greater London IG1 1XU4
£625K03/210.42 mi191, Coventry Road, Ilford, Greater London IG1 4RE4
£640K06/210.42 mi187, Coventry Road, Ilford, Greater London IG1 4RE4
£565K04/220.43 mi43, Aldborough Road South, Ilford, Greater London IG3 8HW4
£640K06/210.44 mi187, Coventry Road, Ilford, Greater London IG1 4RE4
£710K07/230.45 mi28, Bathurst Road, Ilford, Greater London IG1 4LA4
£730K04/210.45 mi32, Bathurst Road, Ilford, Greater London IG1 4LA4
£465K01/220.46 mi1a, Cavenham Gardens, Ilford, Greater London IG1 1XY4
£600K03/230.46 mi135, Wellesley Road, Ilford, Greater London IG1 4LN4
£423K01/210.46 mi147, Grange Road, Ilford, Greater London IG1 1HA4
£440K03/210.48 mi185, Windsor Road, Ilford, Greater London IG1 1HE4
£551K06/210.49 mi35, Toronto Road, Ilford, Greater London IG1 4RA4
£550K07/230.51 mi26, Rutland Road, Ilford, Greater London IG1 1ER4
£460K02/210.51 mi35, South Park Drive, Ilford, Greater London IG3 9AA4
£570.3K05/230.56 mi43, Cameron Road, Ilford, Greater London IG3 8LG4
£520K05/210.57 mi48, Perth Road, Ilford, Greater London IG2 6AR4
£500K10/220.57 mi46, Colenso Road, Ilford, Greater London IG2 7AH4
£507.5K12/200.58 mi14, South Park Terrace, Ilford, Greater London IG1 1YA4
£462K06/210.58 mi3, Lambourne Road, Ilford, Greater London IG3 8BD4
£227.2K03/230.58 mi47, Cobham Road, Ilford, Greater London IG3 9JW4
£470K06/210.59 mi129, Richmond Road, Ilford, Greater London IG1 1JS4
£490K01/230.59 mi136, Kingston Road, Ilford, Greater London IG1 1PE4
£608K03/210.59 mi51, Glencoe Avenue, Ilford, Greater London IG2 7AL4
£500K09/210.6 mi20, Holmwood Road, Ilford, Greater London IG3 9XY4
£430K12/200.61 mi95, Betchworth Road, Ilford, Greater London IG3 9JQ4
£502.5K10/200.62 mi26, Glencoe Avenue, Ilford, Greater London IG2 7AN4
£300K08/210.62 mi41, Montreal Road, Ilford, Greater London IG1 4SH4
£445K12/200.64 mi36, Windsor Road, Ilford, Greater London IG1 1HQ4
£519K03/230.64 mi353, Henley Road, Ilford, Greater London IG1 2TH4
£450K10/200.65 mi97, Cobham Road, Ilford, Greater London IG3 9JL4
£475K06/210.65 mi181, Mortlake Road, Ilford, Greater London IG1 2TA4
£505K06/210.66 mi129, South Park Drive, Ilford, Greater London IG3 9AD4
£495K03/210.67 mi41, Cranley Drive, Ilford, Greater London IG2 6AJ4
£692.5K11/210.67 mi28, Elgin Road, Ilford, Greater London IG3 8LL4
£470K02/210.68 mi9, Audrey Road, Ilford, Greater London IG1 2DY4
£610K11/200.69 mi51, Ladysmith Avenue, Ilford, Greater London IG2 7AX4
£440K04/210.69 mi180, Eton Road, Ilford, Greater London IG1 2UL4
£499.9K03/230.69 mi134, Mortlake Road, Ilford, Greater London IG1 2SZ4
£675K10/220.74 mi45, Stainforth Road, Ilford, Greater London IG2 7EL4
£490K11/200.75 mi13, Morrab Gardens, Ilford, Greater London IG3 9HG4
£580K12/210.75 mi41, Morrab Gardens, Ilford, Greater London IG3 9HG4
£615K03/230.76 mi8, Morrab Gardens, Ilford, Greater London IG3 9HL4
£350K08/210.76 mi5, Juniper Road, Ilford, Greater London IG1 2EG4
£780K06/210.77 mi20, Selborne Road, Ilford, Greater London IG1 3AJ4

Local Rents

50 rents from £750/mo to £16K/mo, average is £2.4K/mo.

RentDateDistanceAddressBeds 
£16,00004/240 miOaklands Park Avenue, Ilford10
£2,10002/250.03 mi-3
£2,40003/250.05 mi-4
£2,50003/250.05 mi-4
£1,90001/250.09 mi-3
£2,70012/240.11 mi-3
£2,70004/240.11 miHigh Road, Ilford, IG13
£2,40003/250.13 mi-3
£2,50012/240.13 mi-4
£2,30005/240.17 mi-3
£2,30012/240.17 mi-3
£2,20002/250.2 mi-3
£2,20004/240.21 mi-3
£2,25003/250.22 mi-4
£2,20003/250.22 mi-3
£3,00012/240.24 mi-5
£3,00012/240.24 mi-5
£3,00012/240.24 mi-5
£2,60005/240.24 miMelford Road, Ilford, IG13
£2,50012/240.24 mi-3
£2,40002/250.24 mi-3
£2,40002/250.24 mi-3
£2,70004/240.25 mi-3
£2,50004/240.27 miThorold Road, Ilford, Essex, IG14
£2,30004/240.28 mi-3
£2,30004/240.28 miCharter House, High Road, Ilford3
£2,30012/240.28 mi-3
£2,30012/240.28 mi-3
£2,45002/250.28 mi-3
£2,30003/250.28 mi-3
£2,30012/240.28 mi-3
£1,95012/240.28 mi-3
£1,95001/250.28 mi-3
£2,80003/250.29 mi-4
£2,40004/240.29 miGreen Lane, Ilford4
£85003/250.29 mi-3
£3,50012/240.29 mi-5
£2,10012/240.29 mi-3
£75005/240.29 mi-7
£82512/240.29 mi-7
£2,29512/240.3 mi-3
£2,60012/240.33 mi-3
£2,10004/240.33 mi-3
£4,60002/250.36 mi-4
£2,30004/240.37 miMeath Road3
£4,00012/240.4 mi-6
£2,60002/250.41 mi-4
£3,30012/240.42 mi-5
£2,20003/240.42 miWellesley Road, IG13
£2,40012/240.44 mi-3

Local Area Statistics

Population in IG1

63,569

Population in Ilford

181,468

Town centre distance

1.12 miles away

Nearest school

0.10 miles away

Nearest train station

0.60 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+7%

Sales demand

Buyer's market

Capital growth (5yrs)

+28%

Property History

Listed for £365,000

January 29, 2025

Description

  • Four bedroom +
  • urban area +
  • public transport links +
  • immediate rental income +
  • potential investment +
  • modernisation opportunity +

**Guide Price £360,000 For sale by unconditional online auction on the 26th of February 2025.

Registration is now open, bidding opens on 26th of February at 10:00 and ends on 26th of February at 12:05.**

This terraced property in an urban area, requiring modernisation, offers four bedrooms, two reception rooms, and a kitchen ready for updating, making it a fantastic opportunity for buyers or investors, with existing sitting tenants providing immediate income.

Description
We are delighted to introduce to the market this terraced property, listed for sale. It is located in an urban area, well-served by public transport links and surrounded by local amenities. The property does require modernisation, providing a fantastic opportunity for those looking to make a house a home with personal touches and updates.

The property hosts four bedrooms, offering ample living space for a growing family or potential for a buy-to-let investor, given the existing sitting tenants. In addition to the bedrooms, there is a single bathroom, catering to the practical needs of a busy household.

Furthermore, the property boasts two reception rooms, providing flexible living spaces that can be adapted to fit a myriad of purposes. The kitchen, whilst in need of updating, offers a blank canvas for the new owner to design their dream culinary space.

The property features an EPC rating of D, and falls within council tax band B.

This property represents a fantastic opportunity for those willing to invest some time and creativity. Its potential is boundless - from a bustling family home to a profitable investment property. The sitting tenants also present an immediate source of income for investors.

This property is a hidden gem, offering the right buyer an exciting project and a chance to craft a home or investment property to their personal specifications.

Legal Pack
A legal pack is a collaboration of important documents of the property or land that is going to be sold at auction. To review the legal pack, click the Legal Documents button at the bottom of this advert or visit tcpa.co.uk.

Auction Information
To view the auction information, click the Online Bidding button at the bottom of this advert or visit tcpa.co.uk.

UNCONDITIONAL LOT Buyers Premium Applies Upon the fall of the hammer, the Purchaser shall pay a 5% deposit and a 5%+VAT (subject to a minimum of £5,000+VAT) buyers premium and contracts are exchanged. The purchaser is legally bound to buy and the vendor is legally bound to sell the Property/Lot. The auction conditions require a full legal completion 28 days following the auction (unless otherwise stated).

Agent Details

Town & Country Property Auctions, Oswestry

0117 463 3986

Next Steps?

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