2 Bed Flat, Single Let, Ilford, IG1 4RT £240,000

Valebrook, Ilford, Essex, IG1 4RT - 10 months ago
Leasehold
BTL
ROI: 6%
~70 m²
Property image

ValuationUndervalued

Sold Prices£129K - £554.8K
Sold Prices/m²£2.3K/m² - £6.3K/m²

 

 

Square Metres

~70 m²
Price/m²£3.4K/m²

Value Estimate

£297,600
BMV24%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£60,000

Stamp Duty & Legal Fees

£15,500

Total Cash In

£75,500

 

 

Cash Out

 

Rent Range

£1,350 - £2,600

Rent Estimate

£1,450

Running Costs/mo

£1,060

Cashflow/mo

£390

Cashflow/yr

£4,680

ROI

6%

Gross Yield

7%

Local Sold Prices

50 sold prices from £129K to £554.8K, average is £300K. £2.3K/m² to £6.3K/m², average is £5.4K/m².

Price
Date
Distance
Address
Beds
 
£245K03/250.1 mi51c, Mansfield Road, Ilford IG1 3BB2
£287K07/250.1 mi53e, Mansfield Road, Ilford IG1 3BB2
£350K03/250.12 mi43, Coventry Road, Ilford IG1 4QT2
£350K03/250.12 mi43, Coventry Road, Ilford IG1 4QT2
£296K08/210.23 mi78a, Wellesley Road, Ilford, Greater London IG1 4JZ2
£360K06/210.25 mi73, Balfour Road, Ilford, Greater London IG1 4HR2
£350K06/230.25 mi61a, Balfour Road, Ilford, Greater London IG1 4HR2
£330K11/240.26 mi84, Wellesley Road, Ilford IG1 4JZ2
£357K03/250.27 mi28a, Warwick Gardens, Ilford IG1 4LE2
£357K03/250.27 mi28a, Warwick Gardens, Ilford IG1 4LE2
£357K03/250.27 mi28a, Warwick Gardens, Ilford IG1 4LE2
£315K06/240.32 mi34, Flat 1, The Drive, Cranbrook, Ilford IG1 3HX2
£400K11/240.32 mi7b, Auckland Road, Ilford IG1 4SD2
£400K11/240.32 mi7b, Auckland Road, Ilford IG1 4SD2
£265K06/240.34 mi84, Flat 3, Ley Street, Ilford IG1 4BX2
£300K10/240.37 mi51 69 Valentines House, Flat 501, Ilford Hill, Ilford IG1 2ZN2
£310K12/240.38 mi72a, De Vere Gardens, Cranbrook, Ilford IG1 3EE2
£310K12/240.38 mi72a, De Vere Gardens, Cranbrook, Ilford IG1 3EE2
£305K11/240.39 mi39 Icon Building, Flat 65, Ilford Hill, Ilford IG1 2FB2
£400K09/220.43 mi115a, Thorold Road, Ilford, Greater London IG1 4EZ2
£300K03/250.44 mi43, Roding Court, Mill Road, Ilford IG1 2FH2
£300K03/250.44 mi43, Roding Court, Mill Road, Ilford IG1 2FH2
£230K06/250.46 mi106, City View, Axon Place, Ilford IG1 1NH2
£230K06/250.46 mi106, City View, Axon Place, Ilford IG1 1NH2
£554.8K06/210.46 mi81, Wellesley Road, Ilford, Greater London IG1 4LJ2
£295K06/210.47 mi24a, Cowley Road, Ilford, Greater London IG1 3JL2
£325K08/240.5 miAtkins House, Flat 411, Roden Street, Ilford IG1 2ZR2
£320K12/240.57 mi1a, Lennox Gardens, Cranbrook, Ilford IG1 3LF2
£320K12/240.57 mi1a, Lennox Gardens, Cranbrook, Ilford IG1 3LF2
£138K07/210.57 mi33d, Grosvenor Road, Ilford, Greater London IG1 1LD2
£129K04/230.59 mi1027, Romford Road, Manor Park, London, Greater London E12 5LH2
£245K11/220.69 miFlat 46, Charlbury House, Grantham Road, Manor Park, London, Greater London E12 5NR2
£250K03/250.7 mi26, St Marys Road, Ilford IG1 1QX2
£204K11/220.72 mi15, Colchester Avenue, Manor Park, London E12 5LF2
£310K10/220.74 mi6, Lowbrook Road, Ilford, Greater London IG1 2HD2
£290K12/220.75 mi25, Meath Road, Ilford, Greater London IG1 1JA2
£375K09/220.78 mi6, Bramley Crescent, Ilford, Greater London IG2 6DA2
£300K06/250.79 mi44, 1 7 Invito House, Bramley Crescent, Gants Hill, Ilford IG2 6JS2
£300K06/250.79 mi44, 1 7 Invito House, Bramley Crescent, Gants Hill, Ilford IG2 6JS2
£550K03/250.79 mi1, Park Road, Ilford IG1 1SB2
£290K11/240.79 mi119 Hyle House, Flat 13, Walton Road, Manor Park, London E12 5BN2
£285K02/250.79 miFlat 21, 119 Hyle House, Walton Road, Manor Park, London E12 5BN2
£285K02/250.79 miFlat 21, 119 Hyle House, Walton Road, Manor Park, London E12 5BN2
£290K11/240.79 miFlat 13, 119 Hyle House, Walton Road, Manor Park, London E12 5BN2
£290K11/220.8 mi21, Connaught Road, Ilford, Greater London IG1 1RL2
£322K03/230.81 miFlat 38, De Havilland Square, Piper Way, Ilford, Greater London IG1 4DE2
£295K08/220.84 mi86b, Sheringham Avenue, London, Greater London E12 5PE2
£240K07/240.85 mi129, Dersingham Avenue, Manor Park, London E12 5QQ2
£240K07/240.85 mi129, Dersingham Avenue, Manor Park, London E12 5QQ2
£367.5K07/240.85 mi332 336 Gabrielle House, 119, Perth Road, Gants Hill, Ilford IG2 6FG2

Local Rents

50 rents from £1.4K/mo to £2.6K/mo, average is £1.8K/mo.

Rent
Date
Distance
Address
Beds
 
£1,85003/240 miPark Avenue, Ilford, IG12
£1,90010/250 miValebrook, Ilford, IG12
£1,70003/250 mi-2
£1,90010/250 mi-2
£1,85007/250.04 miWycliffe House, Cranbrook Road, Ilford, IG12
£2,20007/250.04 miWycliffe House, Ilford, IG12
£1,35007/250.04 miCoventry Road, Ilford, Essex, IG12
£2,25006/250.05 miWycliffe House, Ilford, IG12
£2,25006/250.05 mi-2
£1,75007/250.05 miPark Avenue, Ilford, London, IG12
£1,70008/250.05 miPark Avenue, Ilford, London, IG12
£1,90007/250.06 miPark Avenue, Ilford, Essex, IG12
£1,80005/250.08 mi-2
£1,80005/250.08 mi-2
£1,95010/250.09 miOrion House 104-106 Cranbrook Road,2
£2,02511/250.09 miOrion House 104-106 Cranbrook Road,2
£1,90010/250.09 miOrion House 104-106 Cranbrook Road,2
£1,50005/250.1 mi-2
£1,80005/240.1 mi-2
£1,80003/250.1 mi-2
£1,80009/250.1 mi-2
£1,70005/250.11 mi-2
£1,65005/250.12 miMansfield Road, Ilford2
£2,00007/250.13 mi-2
£1,80005/250.14 mi-2
£1,80007/250.14 mi-2
£1,65012/240.14 mi-2
£1,45004/240.15 mi-2
£1,40008/250.16 mi-2
£1,95012/240.16 mi-2
£2,30004/240.16 mi-2
£1,70002/250.16 mi-2
£1,70003/250.16 mi-2
£1,70011/250.16 mi-2
£1,70006/250.16 mi-2
£1,70009/250.16 mi-2
£1,70006/250.17 mi-2
£1,90004/250.17 mi-2
£1,80005/250.17 mi-2
£1,80004/250.18 mi-2
£1,65008/250.18 mi-2
£2,60012/240.19 mi-2
£2,50009/250.19 mi-2
£2,40011/250.19 mi-2
£2,35011/250.19 mi-2
£2,30011/250.19 mi-2
£2,29011/250.19 mi-2
£2,20011/250.19 mi-2
£2,29011/250.19 mi-2
£1,57504/240.19 mi-2

Local Area Statistics

Population in IG1

63,569

Population in Ilford

181,468

Town centre distance

1.17 miles away

Nearest school

0.10 miles away

Nearest train station

0.35 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-19%

Sales demand

Seller's market

Capital growth (5yrs)

+23%

Property History

Listed for £240,000

February 4, 2025

Floor Plans

Property image

Description

  • Shops and amenities nearby +
  • Close to public transport +
  • Good Investment +
  • GREAT FTB +
  • Sought After Location +
  • Walking Distance To Valentines Park +
  • Chain free +
  • Close to shopping centre +
  • Secured entrance +
  • Gated Development +

Introducing this two bedroom apartment located in the sought-after Valebrook, Ilford only a short distance to Ilford Town centre, Ilford station and local amenities. This apartment is in need of a full refurbishment and would be an ideal first time purchase for someone looking to place their own fingerprint on the property or investment. Boasting a secured entrance in a gated development, this apartment offers both comfort and security in a prime location.

Convenience is key, and this apartment certainly delivers. Situated within walking distance to the picturesque Valentines Park, residents can enjoy leisurely strolls and outdoor activities. Furthermore, this property is just a stones throw away from the bustling shopping centre, providing easy access to shops and amenities.

Transport links are excellent, with the Ilford railway station nearby, offering seamless connections to the city and beyond. Bus stops, supermarkets, and a variety of dining options, are all within close proximity, providing unparalleled convenience.

Furthermore, residents can access essential services with ease, as pharmacies, fitness clubs and healthcare facilities all within a short distance.

This vibrant area also offers an array of recreational activities, with parks, post offices, libraries, tourist attractions, and even a cinema, ensuring there is always something to see and do.

Dont miss out on this exceptional opportunity to own a piece of this prosperous and vibrant location. Whether you are a first-time buyer or an investor, this apartment offers an unrivalled lifestyle in a prime location. 

Reception: 19'0" x 15'0" narrowing to 1110" (5.79m x 4.57m narrowing to 3.38m)
Kitchen: 10'10" x 8'0" (3.07m x 2.43m)
Bedroom 1: 15'0" x 10'0" (4.57m x 3.08m) 
Bedroom 2: 12'0" x 8'11" (3.65m x 2.47m)
Bathroom: 8'0" x 6'0" (2.43m x 1.82m)
Additional WC: 5'0" 3'0" (1.52m x 0.91m)

Communal Garden: Path leading to main entrance with a lawn, shrubs and flower beds.
Secure Allocated Parking: Parking space via secure electric gates.

Please Note: All dimensions are approximate and are quoted for guidance only, their accuracy cannot be confirmed. Reference to appliances and/or services does not imply they are necessarily in working order or fit for the purpose. Buyers are advised to obtain verification from their solicitors as to the Freehold/Leasehold status of the property, the position regarding any fixtures and fittings and where the property has been extended/converted as to Planning Approval and Building Regulations compliance. These particulars do not constitute or form part of an offer or contract, nor may they be regarded as representations. All interested parties must themselves verify their accuracy. Where a room layout is included this is for general guidance only, it is not to scale and its accuracy cannot be confirmed.

Agent Details

Woodland, Ilford

020 8554 5544

Next Steps?

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