2 Bed Flat, Single Let, Ilford, IG1 4FE £270,000

Piper Way, Ilford, IG1 4FE - 5 views - 9 months ago

Leasehold

BTL

ROI: 6%

~68 m²

ValuationUndervalued

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

Square Metres	~68.11 m²
Price/m²	£4K/m²
Value Estimate	£335,391£335,391
BMV	24%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£67,500£67,500
Stamp Duty & Legal Fees	£10,300£10,300
Total Cash In	£77,800£77,800

Cash Out
Rent Range	£1,350 - £2,000£1,350 - £2,000
Rent Estimate	£1,551
Running Costs/mo	£1,174£1,174
Cashflow/mo	£377£377
Cashflow/yr	£4,525£4,525
ROI	6%6%
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	0.01 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	0.27 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	0.4 mi	21, Connaught Road, Ilford, Greater London IG1 1RL	£6,173	47	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
£250K	03/25	0.41 mi	26, St Marys Road, Ilford IG1 1QX	-	-	2	Flat
£554.8K	06/21	0.43 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	0.46 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	0.49 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	0.52 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
£100K	03/25	0.6 mi	54 Parkview Court, Flat 37, Brancaster Road, Newbury Park, Ilford IG2 7EQ	£1,724	58	2	Flat
£100K	03/25	0.6 mi	Flat 37, 54 Parkview Court, Brancaster Road, Newbury Park, Ilford IG2 7EQ	-	-	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
£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	0.61 mi	25, Meath Road, Ilford, Greater London IG1 1JA	£5,577	52	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
£285K	08/22	0.64 mi	110a, Pembroke Road, Ilford, Greater London IG3 8PF	£5,816	49	2	Flat
£284.8K	10/24	0.64 mi	828, Eastern Avenue, Ilford IG2 7HY	£4,449	64	2	Flat
£284.8K	10/24	0.64 mi	828, Eastern Avenue, Ilford IG2 7HY	-	-	2	Flat
£291K	08/22	0.64 mi	862, Eastern Avenue, Ilford, Greater London IG2 7HY	£4,409	66	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
£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
£138K	07/21	0.66 mi	33d, Grosvenor Road, Ilford, Greater London IG1 1LD	-	-	2	Flat
£270K	12/22	0.66 mi	Flat 152, Courtney Towers, Glebelands Avenue, Ilford, Greater London IG2 7DJ	-	-	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
£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 £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
£1,850	10/25	0.07 mi	Friars Close, Ilford, IG1	2	Flat
£1,600	12/24	0.08 mi	-	2	Flat
£1,600	11/25	0.08 mi	-	2	Flat
£1,650	05/25	0.08 mi	Friars Close, Ilford, Essex, 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
£1,625	08/25	0.1 mi	-	2	Flat
£1,750	06/25	0.14 mi	Carlton House, High Road, Ilford, IG1	2	Flat
£1,600	04/25	0.16 mi	-	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	0.17 mi	501 High Road, Ilford	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
£1,350	10/25	0.18 mi	Aldborough Road South	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
£1,800	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
£1,650	07/25	0.19 mi	2 Bed 2 Bath Apartment	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	0.2 mi	-	2	Flat
£1,800	11/25	0.2 mi	-	2	Flat
£1,800	09/25	0.2 mi	High Road, Ilford	2	Flat
£1,950	12/24	0.2 mi	-	2	Flat
£1,700	05/24	0.2 mi	High Road, Ilford	2	House
£1,600	07/25	0.2 mi	High Road, Ilford	2	Flat
£1,650	07/25	0.2 mi	High Road, Ilford	2	Flat

Local Area Statistics

Population in IG1	63,56963,569
Population in Ilford	181,468181,468
Town centre distance	0.90 miles away0.90 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

Listed for £270,000

February 11, 2025

Floor Plans

Description

Key features

• Offered CHAIN FREE

• Two Bedrooms

• Lounge/Kitchen

• Bathroom

• Close to Elizabeth Line Station

• Parking Space

• Perfect for investors and FTBs

• Local Amenities

Full description

Tenure: Leasehold, 981 years remaining

CHAIN FREE

Bairstow Eves are pleased to present this purpose built two-bedroom second floor flat in Seven Kings.

It is located within walking distance of Seven Kings Station (ELIZABETH LINE).

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 via our Sales Team.

Entrance - Via security phone.

Lounge/Kitchen – 22’0” x 13’9” (6.70m x 4.20m).

Bedroom One – 12’6” x 11’6” (3.80m x 3.50m).

En-Suite – 7’10” x 3’9” (2.38m x 1.14m) .

Bedroom Two – 12’6” x 11’6” (3.80m x 2.50m).

Bathroom – 8’7” x 5’3” (2.61m x 1.06m).

SERVICE CHARGE £2,200 p.a
GROUND RENT £400 p.a.

Agent Details

Bairstow Eves, Barkingside

020 3869 5975

Next Steps?

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

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