2 Bed Flat, Single Let, Ilford, IG1 4FE £250,000

Piper Way, Seven Kings, IG1 4FE - 1 views - 10 months ago

Sold STC

Leasehold

BTL

ROI: 7%

~62 m²

ValuationUndervalued

Sold Prices	£100K - £554.8K
Sold Prices/m²	£1.7K/m² - £6.2K/m²

Square Metres	~61.60 m²
Price/m²	£4.1K/m²
Value Estimate	£302,500£302,500
BMV	21%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£62,500£62,500
Stamp Duty & Legal Fees	£16,200£16,200
Total Cash In	£78,700£78,700

Cash Out
Rent Range	£1,350 - £2,200£1,350 - £2,200
Rent Estimate	£1,555
Running Costs/mo	£1,112£1,112
Cashflow/mo	£443£443
Cashflow/yr	£5,313£5,313
ROI	7%7%
Gross Yield	7%7%

Local Sold Prices

50 sold prices from £100K to £554.8K, average is £290K. £1.7K/m² to £6.2K/m², average is £5.2K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£283K	07/21	0 mi	61, Piper Way, Ilford, Greater London IG1 4FE	£4,655	61	2	Flat
£322K	03/23	0.06 mi	Flat 38, De Havilland Square, Piper Way, Ilford, Greater London IG1 4DE	-	-	2	Flat
£305K	10/22	0.08 mi	19, Friars Close, Ilford, Greater London IG1 4AZ	£5,083	60	2	Flat
£277K	12/22	0.08 mi	50, Friars Close, Ilford, Greater London IG1 4AZ	£4,860	57	2	Flat
£280K	06/23	0.08 mi	61, Friars Close, Ilford, Greater London IG1 4AZ	£5,091	55	2	Flat
£282.5K	07/21	0.09 mi	58a, Vicarage Lane, Ilford, Greater London IG1 4AN	-	-	2	Flat
£218.2K	12/22	0.28 mi	139, Aldborough Road South, Ilford, Greater London IG3 8HT	£3,519	62	2	Flat
£220K	03/25	0.37 mi	Flat 1, 36, Elgin Road, Seven Kings, Ilford IG3 8LL	£4,490	49	2	Flat
£220K	03/25	0.37 mi	Flat 1, 36, Elgin Road, Seven Kings, Ilford IG3 8LL	-	-	2	Flat
£290K	11/22	0.39 mi	21, Connaught Road, Ilford, Greater London IG1 1RL	£6,173	47	2	Flat
£250K	03/25	0.41 mi	26, St Marys Road, Ilford IG1 1QX	-	-	2	Flat
£139K	06/24	0.41 mi	57b, Norfolk Road, Seven Kings, Ilford IG3 8LH	£2,574	54	2	Flat
£310K	03/25	0.41 mi	57b, Norfolk Road, Seven Kings, Ilford IG3 8LH	-	-	2	Flat
£554.8K	06/21	0.42 mi	81, Wellesley Road, Ilford, Greater London IG1 4LJ	-	-	2	Flat
£290K	05/22	0.44 mi	65, Stainforth Road, Ilford, Greater London IG2 7EL	£3,971	73	2	Flat
£550K	03/25	0.45 mi	1, Park Road, Ilford IG1 1SB	£5,238	105	2	Flat
£400K	09/22	0.46 mi	115a, Thorold Road, Ilford, Greater London IG1 4EZ	£6,061	66	2	Flat
£230K	04/23	0.5 mi	46, Dellow Close, Ilford, Greater London IG2 7EB	-	-	2	Flat
£250K	01/24	0.5 mi	21, Lynn Road, Newbury Park, Ilford IG2 7DU	£4,808	52	2	Flat
£275K	05/23	0.51 mi	75, Dellow Close, Ilford, Greater London IG2 7ED	£5,612	49	2	Flat
£250K	12/24	0.51 mi	80, Dellow Close, Newbury Park, Ilford IG2 7ED	-	-	2	Flat
£315.9K	02/24	0.53 mi	112, Norfolk Road, Seven Kings, Ilford IG3 8LJ	£3,549	89	2	Flat
£230K	06/25	0.56 mi	106, City View, Axon Place, Ilford IG1 1NH	-	-	2	Flat
£230K	06/25	0.56 mi	106, City View, Axon Place, Ilford IG1 1NH	£3,898	59	2	Flat
£357K	03/25	0.6 mi	28a, Warwick Gardens, Ilford IG1 4LE	£5,852	61	2	Flat
£357K	03/25	0.6 mi	28a, Warwick Gardens, Ilford IG1 4LE	£5,852	61	2	Flat
£357K	03/25	0.6 mi	28a, Warwick Gardens, Ilford IG1 4LE	-	-	2	Flat
£290K	12/22	0.6 mi	25, Meath Road, Ilford, Greater London IG1 1JA	£5,577	52	2	Flat
£320K	11/24	0.6 mi	28, Milverton Gardens, Seven Kings, Ilford IG3 8DS	£5,333	60	2	Flat
£320K	11/24	0.6 mi	28, Milverton Gardens, Seven Kings, Ilford IG3 8DS	-	-	2	Flat
£100K	03/25	0.61 mi	54 Parkview Court, Flat 37, Brancaster Road, Newbury Park, Ilford IG2 7EQ	£1,724	58	2	Flat
£100K	03/25	0.61 mi	Flat 37, 54 Parkview Court, Brancaster Road, Newbury Park, Ilford IG2 7EQ	-	-	2	Flat
£381K	01/25	0.62 mi	28, Audley Gardens, Seven Kings, Ilford IG3 9LB	£5,953	64	2	Flat
£381K	01/25	0.62 mi	28, Audley Gardens, Seven Kings, Ilford IG3 9LB	-	-	2	Flat
£330K	11/24	0.62 mi	84, Wellesley Road, Ilford IG1 4JZ	£5,410	61	2	Flat
£360K	06/21	0.65 mi	73, Balfour Road, Ilford, Greater London IG1 4HR	£5,568	65	2	Flat
£350K	06/23	0.65 mi	61a, Balfour Road, Ilford, Greater London IG1 4HR	£5,833	60	2	Flat
£400K	11/24	0.65 mi	7b, Auckland Road, Ilford IG1 4SD	£5,333	75	2	Flat
£400K	11/24	0.65 mi	7b, Auckland Road, Ilford IG1 4SD	£5,333	75	2	Flat
£285K	08/22	0.65 mi	110a, Pembroke Road, Ilford, Greater London IG3 8PF	£5,816	49	2	Flat
£284.8K	10/24	0.65 mi	828, Eastern Avenue, Ilford IG2 7HY	£4,449	64	2	Flat
£284.8K	10/24	0.65 mi	828, Eastern Avenue, Ilford IG2 7HY	-	-	2	Flat
£291K	08/22	0.65 mi	862, Eastern Avenue, Ilford, Greater London IG2 7HY	£4,409	66	2	Flat
£138K	07/21	0.65 mi	33d, Grosvenor Road, Ilford, Greater London IG1 1LD	-	-	2	Flat
£296K	08/21	0.66 mi	78a, Wellesley Road, Ilford, Greater London IG1 4JZ	-	-	2	Flat
£265K	06/24	0.66 mi	84, Flat 3, Ley Street, Ilford IG1 4BX	£3,897	68	2	Flat
£270K	12/22	0.67 mi	Flat 152, Courtney Towers, Glebelands Avenue, Ilford, Greater London IG2 7DJ	-	-	2	Flat
£320K	06/23	0.67 mi	39, Gartmore Road, Ilford, Greater London IG3 9XG	£4,923	65	2	Flat
£290K	04/25	0.69 mi	1, James Court, Spencer Road, Seven Kings, Ilford IG3 8PP	-	-	2	Flat
£290K	04/25	0.69 mi	1, James Court, Spencer Road, Seven Kings, Ilford IG3 8PP	£6,170	47	2	Flat

Local Rents

50 rents from £1.4K/mo to £2.2K/mo, average is £1.8K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,900	03/25	0.01 mi	-	2	Flat
£1,800	08/25	0.02 mi	-	2	Flat
£1,800	08/25	0.02 mi	Piper Way, Ilford, IG1	2	Flat
£1,900	08/25	0.04 mi	-	2	Flat
£1,800	08/25	0.04 mi	Piper Way, Ilford	2	Flat
£1,700	11/25	0.05 mi	-	2	Flat
£1,500	04/24	0.06 mi	Ilford, IG4	2	Flat
£1,550	12/24	0.06 mi	Ilford	2	Flat
£1,600	06/24	0.06 mi	De Havilands IG1	2	Flat
£1,600	10/25	0.06 mi	Ilford, IG4	2	Flat
£1,600	11/25	0.06 mi	De Haviland Square, IG1 4DE	2	Flat
£1,600	12/24	0.07 mi	-	2	Flat
£1,600	11/25	0.07 mi	-	2	Flat
£1,850	10/25	0.08 mi	Friars Close, Ilford, IG1	2	Flat
£2,000	11/25	0.08 mi	Piper Way, Ilford, IG1	2	Terraced House
£2,000	11/25	0.08 mi	-	2	Terraced House
£1,990	11/25	0.08 mi	-	2	Terraced House
£1,650	05/25	0.09 mi	Friars Close, Ilford, Essex, IG1	2	Flat
£1,625	08/25	0.1 mi	-	2	Flat
£1,750	06/25	0.14 mi	Carlton House, High Road, Ilford, IG1	2	Flat
£1,750	09/25	0.16 mi	Carlton House, High Road, Seven Kings, IG1	2	Flat
£1,560	04/24	0.16 mi	Carlton House, High Road, Ilford, IG1	2	Flat
£1,750	09/25	0.16 mi	501 High Road, Ilford	2	Flat
£1,600	04/25	0.17 mi	-	2	Flat
£1,750	09/25	0.17 mi	Carlton House, Ilford, IG1	2	Flat
£1,950	04/24	0.17 mi	-	2	Flat
£1,950	12/24	0.17 mi	-	2	Flat
£1,950	12/24	0.17 mi	-	2	Flat
£1,950	12/24	0.17 mi	-	2	Flat
£1,950	01/25	0.17 mi	-	2	Flat
£1,650	07/25	0.17 mi	Carlton House, High Road, Ilford, IG1	2	Flat
£1,700	09/25	0.17 mi	Carlton House, High Road, Ilford, IG1	2	Flat
£1,700	04/25	0.17 mi	-	2	Flat
£1,950	03/24	0.18 mi	(5th Floor Flat) Charter House, 450 High Road, Ilford	2	Flat
£1,900	06/25	0.18 mi	Charter House, 450 High Road, Ilford, IG1	2	Flat
£1,350	10/25	0.18 mi	Aldborough Road South	2	Flat
£1,650	07/25	0.19 mi	2 Bed 2 Bath Apartment	2	Flat
£1,800	11/25	0.19 mi	(2nd Floor) Charter House, 450 High Rd, Ilford, IG1	2	Flat
£1,800	10/25	0.19 mi	(2nd Floor) Charter House, 450 High Rd, Ilford, IG1	2	Flat
£1,750	07/25	0.19 mi	Charter House, High Road, Ilford IG1	2	Flat
£1,800	08/25	0.19 mi	Charter House, High Road, Ilford IG1	2	Flat
£1,800	09/25	0.19 mi	Charter House, High Road, Ilford IG1	2	Flat
£1,800	08/25	0.19 mi	Charter House, 450 High Road	2	Flat
£1,850	07/25	0.19 mi	-	2	Flat
£1,800	11/25	0.19 mi	-	2	Flat
£2,200	12/24	0.19 mi	-	2	Semi-Detached House
£2,200	12/24	0.19 mi	-	2	Semi-Detached House
£2,200	12/24	0.19 mi	-	2	Semi-Detached House
£1,800	09/25	0.19 mi	High Road, Ilford	2	Flat
£1,950	12/24	0.19 mi	-	2	Flat

Local Area Statistics

Population in IG1	63,56963,569
Population in Ilford	181,468181,468
Town centre distance	0.91 miles away0.91 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	0.38 miles away0.38 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	-19%-19%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+23%+23%

Property History

Price changed to £250,000

May 19, 2025

Price changed to £260,000

March 20, 2025

Listed for £270,000

February 5, 2025

Floor Plans

Description

EPC RATING C +
Lounge/Kitchen +
Two bedrooms +
Bathroom +
Close to public transport +
Circa 981 year lease +

CHAIN FREE

Sandra Davidson Estate Agents are pleased to present this purpose built two bedroom (2nd floor) flat in Seven Kings. This property can be located as soon you turn into the modern development. It is located within walking distance of Seven Kings Station (Elizabeth Line - Zone 4 - Crossrail). The accommodation comprises; two bedrooms (one en suite), spacious lounge open to the kitchen, family bathroom with combined w.c. The property benefits from double glazing and gas central heating. Viewings are highly recommended.

Entrance - Via security phone.

Lounge/Kitchen - 6.77m x 3.31m - Open plan lounge. Carpeted flooring. Slighting doors to balcony.

Range of wall and base units. Gas cooker with extractor fan above. Built in oven. Plumbing for washing machine.

Bedroom One - 2.51m x 3.78m - Window to side. Carpeted flooring.

En-Suite - Shower cubicle, wash hand basin and low flush w.c.

Bedroom Two - 3.51m x 2.88m - Window to side. Carpeted flooring.

Bathroom - Panelled bath, wash hand basin and low flush w.c.

Agents Note - No services or appliances have been tested by Sandra Davidson Estate Agents.

Agent Details

Sandra Davidson Estate Agents, Seven Kings

020 3834 8339

Next Steps?

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

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