2 Bed Flat, Single Let, Ilford, IG3 9NP, £240,000

Breamore Court, Ilford, IG3 9NP - 2 views - 2 months ago

Sold STC
Leasehold
BTL
ROI: 9%
~68 m²
+2 photos

ValuationUndervalued

Sold Prices£202K - £405K
Sold Prices/m²£3.1K/m² - £5.8K/m²

 

 

Square Metres

~68.11 m²
Price/m²£3.5K/m²

Value Estimate

£295,200
BMV23%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£60,000

Stamp Duty & Legal Fees

£8,400

Total Cash In

£68,400

 

 

Cash Out

 

Rent Range

£1,300 - £2,100

Rent Estimate

£1,600

Running Costs/mo

£1,090

Cashflow/mo

£510

Cashflow/yr

£6,120

ROI

9%

Gross Yield

8%

Local Sold Prices

50 sold prices from £202K to £405K, average is £262.5K. £3.1K/m² to £5.8K/m², average is £4.7K/m².

PriceDateDistanceAddressBeds 
£270K02/210.13 mi14, Budoch Drive, Ilford, Greater London IG3 9NX2
£270K01/210.18 mi18a, Nutfield Gardens, Ilford, Greater London IG3 9TB2
£385K10/220.22 mi17, Aberdour Road, Ilford, Greater London IG3 9SA2
£350K10/220.22 mi17a, Aberdour Road, Ilford, Greater London IG3 9SA2
£360K11/220.31 mi8, Ashgrove Road, Ilford, Greater London IG3 9XE2
£320K06/230.32 mi39, Gartmore Road, Ilford, Greater London IG3 9XG2
£240K02/210.34 miFirst Floor Flat, 25, Oakwood Gardens, Ilford, Greater London IG3 9TY2
£225K08/220.36 mi46, Goodmayes Avenue, Ilford, Greater London IG3 8TW2
£405K01/230.37 mi80, Fenman Gardens, Ilford, Greater London IG3 9TS2
£340K03/210.38 mi28, Audley Gardens, Ilford, Greater London IG3 9LB2
£210K10/220.45 mi263, Dawlish Drive, Ilford, Greater London IG3 9EH2
£255K08/210.65 mi56, Pedley Road, Dagenham, Greater London RM8 1XE2
£202K12/200.65 mi110a, Pembroke Road, Ilford, Greater London IG3 8PF2
£285K08/220.65 mi110a, Pembroke Road, Ilford, Greater London IG3 8PF2
£257K02/230.67 mi79, Avenue Road, Chadwell Heath, Romford, Greater London RM6 4JF2
£265K02/230.67 mi74, Avenue Road, Chadwell Heath, Romford, Greater London RM6 4JF2
£265K09/210.69 mi9, Jade Close, Dagenham, Greater London RM8 1XG2
£235K02/210.72 mi472, Longbridge Road, Barking, Greater London IG11 9EA2
£240K09/230.74 mi27, Manor Square, Dagenham, Greater London RM8 3RU2
£240K07/210.75 mi71, Pedley Road, Dagenham, Greater London RM8 1XQ2
£230K10/210.78 mi12, Sapphire Close, Dagenham, Greater London RM8 1UF2
£240K11/220.78 mi430, Longbridge Road, Barking, Greater London IG11 9ED2
£240K05/210.78 mi406a, Longbridge Road, Barking, Greater London IG11 9ED2
£278K09/220.81 mi83, Douglas Road, Ilford, Greater London IG3 8UZ2
£218.2K12/220.82 mi139, Aldborough Road South, Ilford, Greater London IG3 8HT2
£245K03/210.82 mi114, Burns Avenue, Chadwell Heath, Romford, Greater London RM6 4DG2
£227.5K06/210.82 mi75, Burns Avenue, Chadwell Heath, Romford, Greater London RM6 4DG2
£260K02/230.82 mi77, Burns Avenue, Chadwell Heath, Romford, Greater London RM6 4DG2
£280K04/230.82 mi154, Manor Square, Dagenham, Greater London RM8 3RX2
£286K10/220.82 mi75, Burns Avenue, Chadwell Heath, Romford, Greater London RM6 4DG2
£260K12/200.82 mi15, Overton Drive, Chadwell Heath, Romford, Greater London RM6 4EN2
£253K12/200.83 mi24, Heynes Road, Dagenham, Greater London RM8 2SX2
£253K12/200.83 mi24, Heynes Road, Dagenham, Greater London RM8 2SX2
£305K02/210.83 mi161, Aldborough Road South, Ilford, Greater London IG3 8HU2
£280K07/230.84 mi441, Longbridge Road, Barking, Greater London IG11 9DG2
£245K12/200.84 mi431, Longbridge Road, Barking, Greater London IG11 9DG2
£235K11/210.84 mi384, Longbridge Road, Barking, Greater London IG11 9EE2
£282.5K07/210.86 mi58a, Vicarage Lane, Ilford, Greater London IG1 4AN2
£244K05/210.87 mi354a, Longbridge Road, Barking, Greater London IG11 9EF2
£240K04/210.87 mi368a, Longbridge Road, Barking, Greater London IG11 9EF2
£247K08/210.92 mi377, Longbridge Road, Barking, Greater London IG11 9DH2
£286K06/230.92 mi385, Longbridge Road, Barking, Greater London IG11 9DH2
£272K09/210.93 mi1000, High Road, Romford, Greater London RM6 4BA2
£272.5K09/220.93 mi990, High Road, Romford, Greater London RM6 4BA2
£283K07/210.95 mi61, Piper Way, Ilford, Greater London IG1 4FE2
£215K02/210.96 mi4, Friars Close, Ilford, Greater London IG1 4AZ2
£305K10/220.96 mi19, Friars Close, Ilford, Greater London IG1 4AZ2
£277K12/220.96 mi50, Friars Close, Ilford, Greater London IG1 4AZ2
£280K06/230.96 mi61, Friars Close, Ilford, Greater London IG1 4AZ2
£322K03/231 miFlat 38, De Havilland Square, Piper Way, Ilford, Greater London IG1 4DE2

Local Rents

52 rents from £1.3K/mo to £2.1K/mo, average is £1.7K/mo.

RentDateDistanceAddressBeds 
£1,80012/240.15 mi-2
£2,00001/250.2 mi-2
£1,80002/250.2 mi-2
£1,51712/240.21 mi-2
£1,90005/240.21 mi-2
£1,90005/240.21 miMayesbrook Road, Essex, IG32
£1,70005/240.23 mi-2
£2,10012/240.25 mi-2
£1,70012/240.26 mi-2
£1,70012/240.26 mi-2
£1,65001/240.26 miBreamore Road, Ilford, Essex, IG32
£1,60012/240.27 mi-2
£1,60012/240.27 mi-2
£1,70004/240.33 miilford, ig3 9ry2
£1,80004/250.34 mi-2
£1,60005/240.37 mi-2
£1,60005/240.37 mi-2
£1,57512/240.37 mi-2
£1,60002/240.37 mi-2
£1,60002/240.37 mi-2
£1,60006/240.37 mi-2
£1,70005/240.41 miCharter House, 450 High Road, Ilford IG12
£1,60001/250.41 mi-2
£1,80002/250.42 mi-2
£1,65012/240.44 mi-2
£1,65012/240.44 mi-2
£1,55012/240.44 mi-2
£1,55012/240.44 mi-2
£1,75012/240.45 mi-2
£1,70012/240.45 mi-2
£1,30004/250.47 mi-2
£1,50002/250.49 mi-2
£1,75012/240.5 mi-2
£1,75012/240.5 mi-2
£1,90012/240.5 mi-2
£1,90012/240.5 mi-2
£1,90012/240.5 mi-2
£1,70012/240.5 mi-2
£1,70012/240.51 mi-2
£1,85012/240.51 mi-2
£1,95010/240.53 mi-2
£2,10011/240.53 mi-2
£1,95011/240.53 mi-2
£1,95012/240.53 mi-2
£2,00001/250.53 mi-2
£1,90002/250.53 mi-2
£1,80004/250.54 mi-2
£1,60007/240.54 mi-2
£1,60009/240.54 mi-2
£1,95012/240.54 mi-2
£1,90012/240.54 mi-2
£1,90012/240.54 mi-2

Local Area Statistics

Population in IG3

35,543

Population in Ilford

181,468

Town centre distance

1.62 miles away

Nearest school

0.10 miles away

Nearest train station

0.36 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-19%

Sales demand

Balanced market

Capital growth (5yrs)

+23%

Property History

Listed for £240,000

February 5, 2025

Floor Plans

Description

  • GROUND FLOOR FLAT +
  • TWO BEDROOMS +
  • IDEAL FOR INVESTMENT PURPOSES +
  • IDEAL FOR FIRST TIME BUYERS +
  • 139 YEAR LEASE REMAINING +
  • SERVICE CHARGES OF £2400 per annum with PEPPERCORN GROUND RENT +
  • WITHIN WALKING DISTANCE TO GOODMAYES TFL RAIL AND ELIZABETH LINE STATIONS +
  • PERFECT TO PUT YOUR OWN STAMP ON +
  • CHAIN FREE PROPERTY +
  • LARGE COMMUNAL GARDEN +

Brian Thomas Estate Agents present the opportunity to acquire this well-kept and spacious two bedroom ground floor flat. Located within walking distance to Goodmayes TFL Rail and Elizabeth Line Station, this property is ideal for investment purposes or for first time buyers!

The property comprises two large double bedrooms, a generously sized lounge, a fully fitted kitchen with storage and a family bathroom. Services charges for the flat are £2400pa with peppercorn ground rent. The property also benefits from a large communal garden.

Location and Transport

The property is located within a residential area and a short walk from Goodmayes TFL Rail and Elizabeth Line Station, allowing convenient access into the city and beyond. Local amenities including shops, supermarkets and parks are easily accessible including Seven Kings High Road.

Accommodation

LOUNGE - 4.7, x 3.2m

KITCHEN - 3.5m x 2.4m

BEDROOM 1 - 4.3m x 3.6m

BEDROOM 2 - 3.8m x 3.1m

BATHROOM - 2.6m x 2.6m

Agent Details

Brian Thomas Estate Agents, Seven Kings

020 3835 6491

Next Steps?

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