3 Bed Terraced House, Refurb/BRRR, Ilford, IG1 1SL, £450,000

96 GORDON ROAD, ILFORD, IG1 1SL - 2 months ago

Sold STC

Refurb/BRRR

ROI: 3%

91 m²

+10 photos

ValuationOvervalued

Sold Prices	£207K - £565K
Sold Prices/m²	£3.8K/m² - £6.7K/m²

Square Metres	91 m²
Price/m²	£4.9K/m²
Value Estimate	£428,687£428,687

End Value (After Refurb)	£440,000£440,000

Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (25%)	£112,500£112,500
Stamp Duty & Legal Fees	£24,700£24,700
Refurb Costs	£48,142£48,142
Bridging Loan Interest	£11,813£11,813
Total Cash In	£198,904£198,904

Cash Out
Monetisation	FlipRefinance & RentRefinance & Rent
Revaluation	£440,000£440,000
Mortgage (After Refinance)	£330,000£330,000
Mortgage LTV	75%75%
Cash Left In	£198,904£198,904
Equity	£110,000£110,000
Rent Range	£850 - £4,000£850 - £4,000
Rent Estimate	£2,376
Running Costs/mo	£1,870£1,870
Cashflow/mo	£506£506
Cashflow/yr	£6,070£6,070
ROI	3%3%
Gross Yield	6%6%

Local Sold Prices

50 sold prices from £207K to £565K, average is £455K. £3.8K/m² to £6.7K/m², average is £4.8K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£510K	07/23	0.02 mi	73, Gordon Road, Ilford, Greater London IG1 1SL	-	-	3	Terraced House
£565K	02/23	0.08 mi	49, Park Road, Ilford, Greater London IG1 1SF	-	-	3	Terraced House
£485K	06/23	0.08 mi	323, Kingston Road, Ilford, Greater London IG1 1PJ	-	-	3	Terraced House
£425K	02/23	0.12 mi	296, Hampton Road, Ilford, Greater London IG1 1PL	-	-	3	Semi-Detached House
£450K	06/21	0.15 mi	116, South Park Road, Ilford, Greater London IG1 1SZ	-	-	3	Terraced House
£460K	11/21	0.16 mi	275, Henley Road, Ilford, Greater London IG1 2TN	£5,679	81	3	Terraced House
£505K	06/21	0.17 mi	14, Park Road, Ilford, Greater London IG1 1SD	-	-	3	Semi-Detached House
£432K	06/21	0.18 mi	230, Henley Road, Ilford, Greater London IG1 2TW	£4,596	94	3	Terraced House
£407K	01/21	0.18 mi	159, Windsor Road, Ilford, Greater London IG1 1HE	-	-	3	Terraced House
£475K	01/23	0.2 mi	11, South Park Road, Ilford, Greater London IG1 1SZ	£6,169	77	3	Terraced House
£485K	01/23	0.22 mi	3, Park Road, Ilford, Greater London IG1 1SB	-	-	3	Terraced House
£410K	02/21	0.23 mi	197, Kingston Road, Ilford, Greater London IG1 1PF	£4,271	96	3	Terraced House
£456K	01/21	0.23 mi	186, Kingston Road, Ilford, Greater London IG1 1PF	£4,343	105	3	Terraced House
£470K	01/23	0.24 mi	168, Henley Road, Ilford, Greater London IG1 2TR	£4,896	96	3	Terraced House
£433K	04/21	0.24 mi	118, Richmond Road, Ilford, Greater London IG1 1JX	-	-	3	Terraced House
£415K	01/23	0.25 mi	103, Green Lane, Ilford, Greater London IG1 1XL	£3,915	106	3	Terraced House
£425K	11/20	0.27 mi	142, Eton Road, Ilford, Greater London IG1 2UJ	£4,048	105	3	Terraced House
£455K	03/23	0.29 mi	14, Stanley Road, Ilford, Greater London IG1 1RW	£5,987	76	3	Terraced House
£520K	06/21	0.29 mi	74, Richmond Road, Ilford, Greater London IG1 1JZ	-	-	3	Terraced House
£325K	01/21	0.3 mi	49, Eton Road, Ilford, Greater London IG1 2UD	-	-	3	Semi-Detached House
£465K	01/21	0.31 mi	8, South Park Crescent, Ilford, Greater London IG1 1XU	£5,225	89	3	Terraced House
£380K	05/21	0.31 mi	30, Pelham Road, Ilford, Greater London IG1 1RF	-	-	3	Terraced House
£513K	03/21	0.31 mi	82, South Park Terrace, Ilford, Greater London IG1 1YB	£5,029	102	3	Terraced House
£455K	04/23	0.31 mi	200, Eton Road, Ilford, Greater London IG1 2UN	-	-	3	Terraced House
£457.5K	06/21	0.31 mi	347, Eton Road, Ilford, Greater London IG1 2UN	-	-	3	Semi-Detached House
£565K	07/23	0.33 mi	55, Belmont Road, Ilford, Greater London IG1 1YW	-	-	3	Terraced House
£435K	11/21	0.33 mi	149, Hampton Road, Ilford, Greater London IG1 1PR	£5,577	78	3	Terraced House
£410K	01/21	0.34 mi	95, St Marys Road, Ilford, Greater London IG1 1QY	-	-	3	Semi-Detached House
£450K	09/22	0.34 mi	109, St Marys Road, Ilford, Greater London IG1 1QY	-	-	3	Semi-Detached House
£440K	03/21	0.34 mi	248, Staines Road, Ilford, Greater London IG1 2UP	£4,444	99	3	Terraced House
£472K	04/21	0.34 mi	276, Staines Road, Ilford, Greater London IG1 2UP	£4,866	97	3	Terraced House
£425K	03/21	0.34 mi	126, Stanley Road, Ilford, Greater London IG1 1RB	-	-	3	Terraced House
£525K	06/21	0.36 mi	343, Mortlake Road, Ilford, Greater London IG1 2TQ	£5,469	96	3	Detached House
£525K	06/21	0.36 mi	343, Mortlake Road, Ilford, Greater London IG1 2TQ	£5,469	96	3	Detached House
£478K	01/23	0.36 mi	128, Staines Road, Ilford, Greater London IG1 2UY	-	-	3	Terraced House
£495K	07/23	0.36 mi	31, Staines Road, Ilford, Greater London IG1 2XA	-	-	3	Terraced House
£207K	04/23	0.36 mi	69, Staines Road, Ilford, Greater London IG1 2XA	-	-	3	Terraced House
£455K	07/22	0.37 mi	23, Craigen Gardens, Ilford, Greater London IG3 9FG	£5,688	80	3	Semi-Detached House
£425K	01/21	0.38 mi	131, South Park Drive, Ilford, Greater London IG3 9AD	£4,775	89	3	Terraced House
£455K	06/21	0.38 mi	149, South Park Drive, Ilford, Greater London IG3 9AD	-	-	3	Terraced House
£350K	09/21	0.4 mi	104, Grange Road, Ilford, Greater London IG1 1EX	£4,217	83	3	Terraced House
£455K	11/20	0.4 mi	49, South Park Drive, Ilford, Greater London IG3 9AA	£3,824	119	3	Terraced House
£430K	12/20	0.41 mi	95, Betchworth Road, Ilford, Greater London IG3 9JQ	£4,433	97	3	Terraced House
£430K	01/21	0.41 mi	79, Betchworth Road, Ilford, Greater London IG3 9JQ	-	-	3	Terraced House
£427.5K	04/21	0.43 mi	100, Cobham Road, Ilford, Greater London IG3 9JN	£6,680	64	3	Terraced House
£517.5K	04/21	0.43 mi	51, Bedford Road, Ilford, Greater London IG1 1EL	£4,313	120	3	Terraced House
£365.9K	03/21	0.46 mi	21, Francis Avenue, Ilford, Greater London IG1 1TS	£3,934	93	3	Terraced House
£367.5K	12/20	0.47 mi	12, Eton Road, Ilford, Greater London IG1 2UE	£4,038	91	3	Terraced House
£535K	10/22	0.49 mi	39, Chudleigh Crescent, Ilford, Greater London IG3 9AT	-	-	3	Terraced House
£470K	11/20	0.49 mi	49, Chudleigh Crescent, Ilford, Greater London IG3 9AT	£5,402	87	3	Semi-Detached House

Local Rents

50 rents from £850/mo to £4K/mo, average is £2.3K/mo.

Rent	Date	Distance	Address	Beds	Type
£850	03/25	0.14 mi	-	3	Semi-Detached House
£2,200	12/24	0.15 mi	-	3	Terraced House
£2,300	04/24	0.16 mi	Meath Road	3	Terraced House
£2,500	01/25	0.17 mi	-	3	Terraced House
£2,500	12/24	0.26 mi	-	3	Terraced House
£2,295	12/24	0.27 mi	-	3	Terraced House
£2,600	12/24	0.27 mi	-	3	Terraced House
£2,400	02/25	0.27 mi	-	3	Flat
£2,400	02/25	0.27 mi	-	3	Flat
£2,600	05/24	0.27 mi	Melford Road, Ilford, IG1	3	Terraced House
£2,500	12/24	0.27 mi	-	3	Terraced House
£2,200	03/25	0.28 mi	-	3	Flat
£2,400	12/24	0.29 mi	-	3	Flat
£3,100	04/24	0.3 mi	-	3	Terraced House
£2,300	05/24	0.3 mi	-	3	Terraced House
£2,300	12/24	0.3 mi	-	3	Terraced House
£2,000	04/24	0.33 mi	-	3	Terraced House
£2,850	12/24	0.4 mi	-	3	Terraced House
£2,100	02/25	0.41 mi	-	3	Flat
£1,900	01/25	0.41 mi	-	3	Flat
£2,700	02/25	0.41 mi	-	3	Terraced House
£2,700	04/24	0.42 mi	High Road, Ilford, IG1	3	Flat
£2,700	12/24	0.42 mi	-	3	Flat
£2,200	04/24	0.44 mi	-	3	Flat
£2,200	02/25	0.44 mi	-	3	Flat
£2,500	03/25	0.44 mi	-	3	Terraced House
£2,400	03/25	0.46 mi	-	3	Terraced House
£2,300	12/24	0.46 mi	-	3	Flat
£1,950	12/24	0.46 mi	-	3	Flat
£1,950	01/25	0.46 mi	-	3	Flat
£2,300	04/24	0.47 mi	-	3	Flat
£2,300	04/24	0.47 mi	Charter House, High Road, Ilford	3	Flat
£2,300	12/24	0.47 mi	-	3	Flat
£2,300	12/24	0.47 mi	-	3	Flat
£2,450	02/25	0.47 mi	-	3	Flat
£2,300	03/25	0.47 mi	-	3	Flat
£2,400	04/24	0.5 mi	-	3	Terraced House
£2,100	04/24	0.51 mi	-	3	Flat
£4,000	12/24	0.53 mi	-	3	Terraced House
£2,500	05/24	0.53 mi	Holmwood Road, Ilford, Essex, IG3	3	Terraced House
£2,300	06/24	0.53 mi	Holmwood Road, Ilford, IG3	3	Terraced House
£2,200	03/24	0.53 mi	Bedford Road, IG1	3	Terraced House
£1,600	01/25	0.55 mi	-	3	Terraced House
£2,375	12/24	0.55 mi	-	3	Terraced House
£2,375	12/24	0.55 mi	-	3	Terraced House
£2,400	01/25	0.55 mi	-	3	Terraced House
£2,275	02/25	0.57 mi	-	3	Terraced House
£2,000	05/24	0.58 mi	Breamore Road, Ilford, IG3	3	Terraced House
£2,100	12/24	0.59 mi	-	3	Flat
£2,400	03/25	0.59 mi	-	3	Terraced House

Local Area Statistics

Population in IG1	63,56963,569
Population in Ilford	181,468181,468
Town centre distance	1.53 miles away1.53 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	0.72 miles away0.72 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+7%+7%
Sales demand	Buyer's marketBuyer's market
Capital growth (5yrs)	+28%+28%

Property History

Listed for £450,000

February 4, 2025

Floor Plans

Description

Offers over £450,000 +
Three bedroom terraced family home +
1000 SqFt (92 SqMtrs) +
Well maintained throughout +
Scope for modernisation & extension +
Off street parking +

Acting as the seller’s sole agent, Green Lane Residential is pleased to offer this CHAIN FREE three-bedroom family home for sale. Spanning two floors and extending to 1000 SqFt (92 SqM), this well-maintained property provides spacious accommodation with potential for improvement and extension. Conveniently located just 1 mile on foot from Seven Kings station on the Elizabeth Line and the various shopping amenities along the High Road.

Agent Details

Green Lane Residential, Ilford

020 3617 6997

Next Steps?

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

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ValuationOvervalued

Investment OpportunityOpen in Analyser

Local Sold PricesDownload Show map

Local RentsDownload Show map

Links

Local Area Statistics

Property History

Floor Plans

Description

Agent Details

Next Steps?

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Investment Opportunity

Local Sold Prices

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