3 Bed Semi-Detached House, Refurb/BRRR, Ilford, IG2 7EJ, £600,000

Stainforth Road, Ilford, IG2 7EJ - 3 views - 2 months ago

Sold STC
Refurb/BRRR
Planning
ROI: 1%
~93 m²
+12 photos

ValuationOvervalued

Sold Prices£200K - £680K
Sold Prices/m²£4K/m² - £7.2K/m²

 

 

Square Metres

~93 m²
Price/m²£6.5K/m²

Value Estimate

£420,750

 

 

End Value (After Refurb)

£550,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£150,000

Stamp Duty & Legal Fees

£36,700

Refurb Costs

£49,200

Bridging Loan Interest

£15,750

Total Cash In

£253,400

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£550,000

Mortgage (After Refinance)

£412,500

Mortgage LTV

75%

Cash Left In

£253,400

Equity

£137,500

Rent Range

£1,850 - £3,300

Rent Estimate

£2,482

Running Costs/mo

£2,235

Cashflow/mo

£247

Cashflow/yr

£2,962

ROI

1%

Gross Yield

5%

Local Sold Prices

50 sold prices from £200K to £680K, average is £500K. £4K/m² to £7.2K/m², average is £5K/m².

PriceDateDistanceAddressBeds 
£680K01/230.04 mi35, Stainforth Road, Ilford, Greater London IG2 7EJ3
£530K11/200.04 mi58, Stainforth Road, Ilford, Greater London IG2 7EJ3
£580K05/210.05 mi26, Brancaster Road, Ilford, Greater London IG2 7ER3
£550K11/220.12 mi45, Church Road, Ilford, Greater London IG2 7ET3
£560K03/210.14 mi82, Stainforth Road, Ilford, Greater London IG2 7EL3
£590K06/210.14 mi94, Stainforth Road, Ilford, Greater London IG2 7EL3
£535K06/210.19 mi62, Brook Road, Ilford, Greater London IG2 7EY3
£650K02/230.2 mi25, St Johns Road, Ilford, Greater London IG2 7BB3
£320K11/210.2 mi84, Lynn Road, Ilford, Greater London IG2 7DX3
£450K04/210.22 mi16, Lancing Road, Ilford, Greater London IG2 7DR3
£477.5K02/210.23 mi31, Hertford Road, Ilford, Greater London IG2 7HE3
£625K01/230.24 mi52, Crownfield Avenue, Ilford, Greater London IG2 7RR3
£550K04/210.24 mi22, Crownfield Avenue, Ilford, Greater London IG2 7RR3
£500K05/210.25 mi39, Ladysmith Avenue, Ilford, Greater London IG2 7AX3
£575K05/210.25 mi15, Crownfield Avenue, Ilford, Greater London IG2 7RP3
£522.5K12/200.27 mi101, Wards Road, Ilford, Greater London IG2 7DZ3
£445K03/210.27 mi216, Wards Road, Ilford, Greater London IG2 7DY3
£415K03/210.27 mi214, Wards Road, Ilford, Greater London IG2 7DY3
£534K02/210.28 mi327, Aldborough Road South, Ilford, Greater London IG3 8JE3
£475K07/230.29 mi25, Chepstow Crescent, Ilford, Greater London IG3 8JJ3
£480K06/210.31 mi28, Downshall Avenue, Ilford, Greater London IG3 8NB3
£495K07/230.31 mi10, Downshall Avenue, Ilford, Greater London IG3 8NB3
£412K11/200.33 mi87, Perrymans Farm Road, Ilford, Greater London IG2 7LT3
£450K03/210.34 mi12, Kimberley Avenue, Ilford, Greater London IG2 7AT3
£565K03/210.34 mi25, Charter Avenue, Ilford, Greater London IG2 7AB3
£595K03/230.34 mi54, Charter Avenue, Ilford, Greater London IG2 7AB3
£670K09/220.36 mi33, Raymond Road, Ilford, Greater London IG2 7EA3
£500K11/200.36 mi26, Raymond Road, Ilford, Greater London IG2 7EA3
£510K08/220.38 mi84, Oaks Lane, Ilford, Greater London IG2 7PX3
£517.5K10/220.4 mi179, Cambridge Road, Ilford, Greater London IG3 8NA3
£470K10/210.4 mi170, Cambridge Road, Ilford, Greater London IG3 8NA3
£430K10/220.4 mi6, Perkins Road, Ilford, Greater London IG2 7NJ3
£500K07/230.41 mi4, Homefield Avenue, Ilford, Greater London IG2 7JG3
£435K02/210.41 mi47, Birkbeck Road, Ilford, Greater London IG2 7NF3
£492K03/210.41 mi8, Mendip Road, Ilford, Greater London IG2 7PN3
£440K01/210.41 mi9, Beddington Road, Ilford, Greater London IG3 8PD3
£200K03/230.42 mi75a, Horns Road, Ilford, Greater London IG2 6BN3
£472K01/210.43 mi698, Eastern Avenue, Ilford, Greater London IG2 6PF3
£620K12/220.43 mi4, Westernville Gardens, Ilford, Greater London IG2 6AL3
£565K03/220.43 mi28, Beddington Road, Ilford, Greater London IG3 8PD3
£495K03/210.43 mi41, Cranley Drive, Ilford, Greater London IG2 6AJ3
£525K06/230.43 mi70, Cranley Drive, Ilford, Greater London IG2 6AJ3
£495K02/210.43 mi149, Cambridge Road, Ilford, Greater London IG3 8LZ3
£510K11/200.44 mi7, Holland Park Avenue, Ilford, Greater London IG3 8JR3
£425K07/210.44 mi34, Cranley Road, Ilford, Greater London IG2 6AD3
£425K04/210.44 mi36, Leyswood Drive, Ilford, Greater London IG2 7JE3
£425K04/210.44 mi36, Leyswood Drive, Ilford, Greater London IG2 7JE3
£510K11/200.44 mi8, Leyswood Drive, Ilford, Greater London IG2 7JE3
£535K12/220.45 mi99, Horns Road, Ilford, Greater London IG6 1DQ3
£485K09/210.45 mi69, Cranley Road, Ilford, Greater London IG2 6AF3

Local Rents

50 rents from £1.9K/mo to £3.3K/mo, average is £2.4K/mo.

RentDateDistanceAddressBeds 
£2,20012/240.08 mi-3
£2,70012/240.09 mi-3
£2,20005/240.14 mi-3
£2,20012/240.14 mi-3
£2,20005/240.14 miCotswold Gardens, Ilford, IG23
£2,20005/240.14 miCotswold Gardens, Ilford, IG23
£2,50012/240.23 mi-3
£2,60012/240.23 mi-3
£2,40004/240.23 miWards Road, IG23
£2,30005/240.23 miSeven Kings, IG2 7BA3
£2,35004/250.27 mi-3
£2,70012/240.3 mi-3
£1,85002/250.3 mi-3
£2,30005/240.32 miLey Street, Ilford, IG23
£2,30005/240.32 miLey Street, Ilford, IG23
£2,30006/240.32 miLey Street, Ilford, IG23
£2,30006/240.32 mi-3
£2,50001/240.33 miEastern Avenue, Newbury Park, IG23
£2,40012/240.33 mi-3
£2,35004/240.33 miBush Close, Newbury Park, IG23
£2,20003/250.35 mi-3
£3,00002/250.35 mi-3
£3,00003/250.35 mi-3
£2,20001/250.36 mi-3
£2,35004/240.36 miRaymond Road, IG23
£2,50005/240.38 mi-3
£2,60012/240.41 mi-3
£2,50003/250.41 mi-3
£2,60005/240.42 miCambridge Road, Ilford, IG33
£2,60006/240.42 mi-3
£2,20005/240.42 miTring Close, Ilford, IG23
£2,30002/250.42 mi-3
£2,30012/240.42 mi-3
£1,90004/250.44 mi-3
£2,40012/240.44 mi-3
£2,40012/240.44 mi-3
£2,10008/240.45 mi-3
£2,10008/240.45 miArdwell Avenue, Ilford, IG63
£2,20003/250.45 mi-3
£2,40012/240.46 mi-3
£3,30012/240.47 mi-3
£3,30002/250.47 mi-3
£3,20003/250.47 mi-3
£2,50007/240.47 mi-3
£2,20005/240.48 miWards Road, London, IG23
£2,20006/240.48 mi-3
£2,60012/240.5 mi-3
£3,00012/240.5 mi-3
£2,35005/240.5 miPerth Road, Ilford, IG23
£2,35005/240.51 miPerth Road, IG2 6AR3

Local Area Statistics

Population in IG2

28,254

Population in Ilford

181,468

Town centre distance

0.44 miles away

Nearest school

0.30 miles away

Nearest train station

0.14 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+7%

Sales demand

Balanced market

Capital growth (5yrs)

+24%

Property History

Listed for £600,000

February 3, 2025

Floor Plans

Description

  • Semi-detached house +
  • Three bedrooms +
  • Gated driveway +
  • Huge potential for expansion +
  • 78 ft. rear garden +
  • Detached garage +
  • Wide plot +
  • Moments from Newbury Park station +
  • Seven Kings high school nearby +
  • Chain free +

Sitting on a wide plot with fantastic potential for modernisation and expansion, this three-bedroom semi-detached home with a detached garage is just moments from Newbury Park station.

The ground floor comprises a double-through reception, a separate kitchen, and a w/c. Upstairs, there are two double bedrooms with fitted wardrobes, a single third bedroom, and a family bathroom. Externally, the property benefits from a gated driveway, a spacious side plot with an external garage, and a generous rear garden measuring approximately 78 ft. in length and 30 ft. in width.

There is excellent scope to extend to the side, rear, and loft (subject to planning permissions).

Ideally located just moments from Newbury Park underground station (Central Line) for swift access to The City and West End. The Ofsted-rated "Outstanding" Seven Kings Primary and High School falls within the usual catchment area, while local shops, amenities, and the open green spaces of Valentines Park are all within easy reach.

Freehold
Council Tax: Band C (Redbridge)

Agent Details

Moveli, London & Country

020 3906 1015

Next Steps?

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