ValuationUndervalued

Sold Prices	£112K - £400K
Sold Prices/m²	£1.6K/m² - £7.8K/m²

Square Metres	~58.61 m²
Price/m²	£4.1K/m²
Value Estimate	£284,203£284,203
BMV	18%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£59,999£59,999
Stamp Duty & Legal Fees	£15,500£15,500
Total Cash In	£75,498£75,498

Cash Out
Rent Range	£1,500 - £2,400£1,500 - £2,400
Rent Estimate	£1,600
Running Costs/mo	£1,090£1,090
Cashflow/mo	£510£510
Cashflow/yr	£6,120£6,120
ROI	8%8%
Gross Yield	8%8%

Local Sold Prices

50 sold prices from £112K to £400K, average is £272K. £1.6K/m² to £7.8K/m², average is £4.8K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£235K	05/23	0.04 mi	81, Lavender Place, Ilford, Greater London IG1 2BG	£7,833	30	2	Flat
£200K	09/22	0.04 mi	107, Lavender Place, Ilford, Greater London IG1 2BG	£4,348	46	2	Flat
£230K	09/24	0.05 mi	33, Lavender Place, Ilford IG1 2BG	£4,423	52	2	Flat
£243K	09/22	0.07 mi	Flat 14, Springfield Court, Forsythia Close, Ilford, Greater London IG1 2BN	-	-	2	Flat
£265K	01/23	0.1 mi	4 Vicarage Court, Baxter Road, Ilford, Greater London IG1 2HN	£6,163	43	2	Flat
£207.5K	06/21	0.15 mi	56, Pretoria Road, Ilford, Greater London IG1 2HW	£3,144	66	2	Flat
£278K	06/24	0.17 mi	Conifer Court, Flat 13, Bluebell Way, Ilford IG1 2GZ	£5,055	55	2	Flat
£230K	03/23	0.18 mi	Flat 23, Conifer Court, Bluebell Way, Ilford, Greater London IG1 2GZ	-	-	2	Flat
£242K	02/23	0.22 mi	9, Lupin Crescent, Ilford, Greater London IG1 2JR	-	-	2	Flat
£282K	01/23	0.24 mi	Flat 12, Berberis Court, Hyacinth Close, Ilford, Greater London IG1 2FT	-	-	2	Flat
£296.8K	06/23	0.29 mi	171, Gainsborough Avenue, London, Greater London E12 6JN	£5,396	55	2	Flat
£175K	06/21	0.29 mi	163, Gurney Close, Barking, Greater London IG11 8JZ	-	-	2	Flat
£257K	02/23	0.3 mi	258, Gurney Close, Barking, Greater London IG11 8LB	£4,849	53	2	Flat
£252K	01/23	0.31 mi	269, Gurney Close, Barking, Greater London IG11 8LB	£5,143	49	2	Flat
£400K	06/21	0.32 mi	24, Barrington Road, London, Greater London E12 6JH	-	-	2	Flat
£235K	02/23	0.34 mi	303, Gurney Close, Barking, Greater London IG11 8LD	£4,796	49	2	Flat
£240K	12/22	0.36 mi	85, Gurney Close, Barking, Greater London IG11 8JY	£5,333	45	2	Flat
£112K	01/25	0.39 mi	Flat 307, 5 7 Prioress House, Loxford Road, Barking IG11 8SD	£1,623	69	2	Flat
£112K	01/25	0.39 mi	5 7 Prioress House, Flat 307, Loxford Road, Barking IG11 8SD	£1,623	69	2	Flat
£310K	10/22	0.39 mi	6, Lowbrook Road, Ilford, Greater London IG1 2HD	£5,741	54	2	Flat
£290K	11/24	0.44 mi	119 Hyle House, Flat 13, Walton Road, Manor Park, London E12 5BN	£4,143	70	2	Flat
£285K	02/25	0.44 mi	Flat 21, 119 Hyle House, Walton Road, Manor Park, London E12 5BN	£4,061	70	2	Flat
£285K	02/25	0.44 mi	Flat 21, 119 Hyle House, Walton Road, Manor Park, London E12 5BN	-	-	2	Flat
£290K	11/24	0.44 mi	Flat 13, 119 Hyle House, Walton Road, Manor Park, London E12 5BN	-	-	2	Flat
£320K	07/22	0.46 mi	Flat A, 202, Sheringham Avenue, London, Greater London E12 5PQ	£6,275	51	2	Flat
£240K	07/24	0.49 mi	129, Dersingham Avenue, Manor Park, London E12 5QQ	£5,581	43	2	Flat
£240K	07/24	0.49 mi	129, Dersingham Avenue, Manor Park, London E12 5QQ	-	-	2	Flat
£314K	02/25	0.51 mi	126a, Sheringham Avenue, Manor Park, London E12 5PE	£5,607	56	2	Flat
£290K	12/24	0.51 mi	126, Sheringham Avenue, Manor Park, London E12 5PE	-	-	2	Flat
£290K	12/24	0.51 mi	126, Sheringham Avenue, Manor Park, London E12 5PE	£5,273	55	2	Flat
£280K	06/23	0.52 mi	62a, Leigh Road, London, Greater London E6 2AS	£6,087	46	2	Flat
£360K	02/23	0.52 mi	74, Leigh Road, London, Greater London E6 2AS	£4,737	76	2	Flat
£295K	06/21	0.53 mi	168a, Shakespeare Crescent, London, Greater London E12 6NB	£5,175	57	2	Flat
£295K	08/22	0.55 mi	86b, Sheringham Avenue, London, Greater London E12 5PE	-	-	2	Flat
£255K	01/25	0.63 mi	32, Adeliza Close, Barking IG11 8BQ	£5,100	50	2	Flat
£245K	11/22	0.64 mi	Flat 46, Charlbury House, Grantham Road, Manor Park, London, Greater London E12 5NR	-	-	2	Flat
£325K	08/24	0.64 mi	Atkins House, Flat 411, Roden Street, Ilford IG1 2ZR	£6,250	52	2	Flat
£280K	02/25	0.64 mi	133, Collins House, Whiting Avenue, Barking IG11 8JT	£3,944	71	2	Flat
£280K	02/25	0.64 mi	Collins House, 133, Whiting Avenue, Barking IG11 8JT	£3,944	71	2	Flat
£377K	07/25	0.65 mi	504, Oculus House, Cambridge Road, Barking IG11 8NW	-	-	2	Flat
£360K	06/24	0.66 mi	163a, Third Avenue, Manor Park, London E12 6DS	£5,714	63	2	Flat
£129K	04/23	0.68 mi	1027, Romford Road, Manor Park, London, Greater London E12 5LH	£2,345	55	2	Flat
£274K	10/24	0.7 mi	11, Blackthorn Road, Ilford IG1 2NS	£4,349	63	2	Flat
£240K	02/23	0.71 mi	151, Blackthorn Road, Ilford, Greater London IG1 2PZ	£3,377	71	2	Flat
£270K	10/24	0.71 mi	62, Blackthorn Road, Ilford IG1 2LS	£4,426	61	2	Flat
£250K	08/22	0.71 mi	211, Blackthorn Road, Ilford, Greater London IG1 2PZ	£5,000	50	2	Flat
£260K	03/25	0.71 mi	175, Blackthorn Road, Ilford IG1 2PZ	£4,407	59	2	Flat
£260K	03/25	0.71 mi	175, Blackthorn Road, Ilford IG1 2PZ	-	-	2	Flat
£285K	05/25	0.73 mi	151, Blackthorn Road, Ilford IG1 2PZ	£3,958	72	2	Flat
£285K	05/25	0.73 mi	151, Blackthorn Road, Ilford IG1 2PZ	-	-	2	Flat

Local Rents

50 rents from £1.5K/mo to £2.4K/mo, average is £1.8K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,700	05/24	0.04 mi	Lavender Place, Ilford, IG1	2	Flat
£1,650	05/24	0.04 mi	Lavender Place, Ilford, IG1	2	Flat
£1,650	05/24	0.04 mi	-	2	Flat
£1,650	05/24	0.04 mi	Lavender Place, Ilford, IG1	2	Flat
£1,500	04/24	0.05 mi	-	2	Flat
£1,700	04/25	0.06 mi	-	2	Flat
£1,800	04/24	0.07 mi	-	2	Flat
£1,600	12/24	0.07 mi	-	2	Flat
£1,650	11/25	0.07 mi	-	2	Flat
£2,100	06/25	0.07 mi	-	2	Terraced House
£1,850	06/25	0.07 mi	-	2	Flat
£1,800	07/25	0.07 mi	-	2	Flat
£1,650	11/25	0.08 mi	Springfield Court, Ilford, IG1 2BN	2	Flat
£1,650	11/25	0.08 mi	Springfield Court, Ilford , IG1 2BN	2	Flat
£1,650	11/25	0.08 mi	Springfield Court, Ilford , IG1 2BN	2	Flat
£1,900	08/25	0.08 mi	-	2	Flat
£2,000	07/25	0.08 mi	-	2	Flat
£2,000	08/25	0.08 mi	-	2	Flat
£1,650	10/25	0.09 mi	Springfield Court, Ilford , IG1 2BN	2	Flat
£2,200	10/25	0.09 mi	-	2	Semi-Detached House
£1,700	04/24	0.09 mi	Azalea Close, Ilford, IG1	2	Flat
£1,850	05/24	0.13 mi	-	2	Flat
£1,850	12/24	0.13 mi	-	2	Flat
£1,800	12/24	0.15 mi	-	2	Flat
£1,850	12/24	0.15 mi	-	2	Flat
£1,800	05/25	0.15 mi	-	2	Flat
£1,795	07/25	0.16 mi	-	2	Flat
£1,795	10/25	0.16 mi	-	2	Flat
£1,795	10/25	0.16 mi	-	2	Flat
£1,850	07/25	0.17 mi	Dahlia Gardens, Ilford IG1 2JU	2	Terraced House
£2,000	11/25	0.18 mi	-	2	Flat
£1,950	09/25	0.18 mi	-	2	Terraced House
£1,600	07/25	0.19 mi	Bluebell Way, Ilford, Essex, IG1	2	Flat
£2,000	03/25	0.2 mi	-	2	Terraced House
£1,800	05/25	0.2 mi	-	2	Terraced House
£2,400	05/24	0.2 mi	essex, IG1	2	Terraced House
£1,900	10/25	0.21 mi	-	2	Terraced House
£1,700	10/25	0.21 mi	Rose Court, Bluebell Way, Ilford, IG1 2LN	2	Flat
£1,700	11/25	0.22 mi	, Ilford, Essex, IG1	2	Flat
£1,700	01/25	0.22 mi	-	2	Flat
£1,850	09/25	0.22 mi	-	2	Flat
£1,850	09/25	0.22 mi	Lupin Crescent, Ilford, IG1	2	Flat
£2,050	11/25	0.24 mi	-	2	Detached House
£1,800	04/24	0.24 mi	-	2	Flat
£1,900	10/25	0.25 mi	Landseer Avenue, Manor Park, London	2	Terraced House
£2,000	12/24	0.25 mi	-	2	Semi-Detached House
£1,950	03/25	0.25 mi	-	2	Flat
£1,850	03/25	0.25 mi	-	2	Flat
£1,950	02/25	0.25 mi	-	2	Flat
£1,650	03/24	0.28 mi	-	2	Flat

Local Area Statistics

Population in IG1	63,56963,569
Population in Ilford	181,468181,468
Town centre distance	2.17 miles away2.17 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	0.74 miles away0.74 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 £239,995

May 31, 2025

Price changed to £240,000

May 19, 2025

Price changed to £244,995

March 16, 2025

Listed for £260,000

February 6, 2025

Sold for £68,500

2011

Sold for £29,950

1997

Floor Plans

Description

Two Bedrooms +
Second Floor +
Open House 8th February - Viewing by appointment only +
Ideal Location +
Juliet Balcony +
No Chain +
Double Glazing +
Guide Price £240,000 - £250,000 +
Good access to Ilford & Barking station +
Investment Opportunity +

Guide Price 240,000 - £250,000 This 2 bedroom, second floor purpose built flat is available on a chain free basis, it consists of a bright large and airy reception room with Juliet style balcony. There is a separate fully fitted kitchen and two spacious double rooms as well as a family Bathroom. Further benefits include ample storage and communal gardens the property comes with a allocated car parking space.

Situated in a popular cul de sac location within 0.8 miles of both Ilford and Barking Stations giving you great access to Stratford Westfield Shopping Centre and a good commute to Romford or London, being in south Ilford, you also have access to Ilford Town Centre and Ilford Lane shopping amenities, in addition to Barking Park.

122 year lease
GR: £150
SC: 1272.43