3 Bed Terraced House, Refurb/BRRR, Ilford, IG1 2SZ, £450,000

312 Mortlake Road, Ilford, IG1 2SZ - 2 views - 2 months ago

Under Offer
Refurb/BRRR
ROI: 3%
84 m²
+19 photos

ValuationOvervalued

Sold Prices£207K - £580K
Sold Prices/m²£2.9K/m² - £7.4K/m²

 

 

Square Metres

84 m²
Price/m²£5.4K/m²

Value Estimate

£410,233

 

 

End Value (After Refurb)

£440,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£112,500

Stamp Duty & Legal Fees

£24,700

Refurb Costs

£44,439

Bridging Loan Interest

£11,813

Total Cash In

£195,201

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£440,000

Mortgage (After Refinance)

£330,000

Mortgage LTV

75%

Cash Left In

£195,201

Equity

£110,000

Rent Range

£850 - £3,100

Rent Estimate

£2,340

Running Costs/mo

£1,863

Cashflow/mo

£477

Cashflow/yr

£5,724

ROI

3%

Gross Yield

6%

Local Sold Prices

50 sold prices from £207K to £580K, average is £437.5K. £2.9K/m² to £7.4K/m², average is £4.9K/m².

PriceDateDistanceAddressBeds 
£435K11/210.1 mi149, Hampton Road, Ilford, Greater London IG1 1PR3
£495K07/230.11 mi31, Staines Road, Ilford, Greater London IG1 2XA3
£207K04/230.11 mi69, Staines Road, Ilford, Greater London IG1 2XA3
£325K01/210.11 mi49, Eton Road, Ilford, Greater London IG1 2UD3
£367.5K12/200.12 mi12, Eton Road, Ilford, Greater London IG1 2UE3
£470K01/230.13 mi168, Henley Road, Ilford, Greater London IG1 2TR3
£478K01/230.13 mi128, Staines Road, Ilford, Greater London IG1 2UY3
£410K02/210.15 mi197, Kingston Road, Ilford, Greater London IG1 1PF3
£456K01/210.15 mi186, Kingston Road, Ilford, Greater London IG1 1PF3
£382K11/200.15 mi31, Eton Road, Ilford, Greater London IG1 2UD3
£391K11/200.15 mi69, Eton Road, Ilford, Greater London IG1 2UD3
£580K12/220.18 mi2, Tylehurst Gardens, Ilford, Greater London IG1 2QL3
£433K04/210.2 mi118, Richmond Road, Ilford, Greater London IG1 1JX3
£407K01/210.21 mi159, Windsor Road, Ilford, Greater London IG1 1HE3
£430K02/210.22 mi23, Mortlake Road, Ilford, Greater London IG1 2SX3
£500K01/210.24 mi42, Vine Gardens, Ilford, Greater London IG1 2QJ3
£432K06/210.25 mi230, Henley Road, Ilford, Greater London IG1 2TW3
£425K11/200.25 mi142, Eton Road, Ilford, Greater London IG1 2UJ3
£460K11/210.25 mi275, Henley Road, Ilford, Greater London IG1 2TN3
£350K09/210.25 mi104, Grange Road, Ilford, Greater London IG1 1EX3
£260K03/210.29 mi17, Fairway Gardens, Ilford, Greater London IG1 2QG3
£560K07/230.3 mi30, Elstree Gardens, Ilford, Greater London IG1 2QQ3
£520K06/210.34 mi74, Richmond Road, Ilford, Greater London IG1 1JZ3
£425K02/230.36 mi296, Hampton Road, Ilford, Greater London IG1 1PL3
£510K07/230.37 mi73, Gordon Road, Ilford, Greater London IG1 1SL3
£565K02/230.37 mi49, Park Road, Ilford, Greater London IG1 1SF3
£485K06/230.38 mi323, Kingston Road, Ilford, Greater London IG1 1PJ3
£517.5K04/210.39 mi51, Bedford Road, Ilford, Greater London IG1 1EL3
£350K07/230.4 mi68, Hunter Road, Ilford, Greater London IG1 2NW3
£450K06/210.42 mi116, South Park Road, Ilford, Greater London IG1 1SZ3
£475K01/230.43 mi11, South Park Road, Ilford, Greater London IG1 1SZ3
£400K05/230.43 mi458, Ilford Lane, Ilford, Greater London IG1 2NF3
£455K07/220.45 mi23, Craigen Gardens, Ilford, Greater London IG3 9FG3
£420K03/230.46 mi6, Norman Road, Ilford, Greater London IG1 2NG3
£450K03/210.46 mi29, Cecil Road, Ilford, Greater London IG1 2EW3
£405K03/230.46 mi57, Sandyhill Road, Ilford, Greater London IG1 2ET3
£505K06/210.46 mi14, Park Road, Ilford, Greater London IG1 1SD3
£245.6K06/210.47 mi60, Sandyhill Road, Ilford, Greater London IG1 2ET3
£425K06/230.47 mi43, Sandyhill Road, Ilford, Greater London IG1 2ET3
£440K03/210.48 mi248, Staines Road, Ilford, Greater London IG1 2UP3
£472K04/210.48 mi276, Staines Road, Ilford, Greater London IG1 2UP3
£455K04/230.49 mi200, Eton Road, Ilford, Greater London IG1 2UN3
£457.5K06/210.49 mi347, Eton Road, Ilford, Greater London IG1 2UN3
£565K07/230.5 mi55, Belmont Road, Ilford, Greater London IG1 1YW3
£420K11/200.52 mi11, Eltisley Road, Ilford, Greater London IG1 2EP3
£405K06/230.52 mi15, Thornton Road, Ilford, Greater London IG1 2ER3
£485K01/230.52 mi3, Park Road, Ilford, Greater London IG1 1SB3
£420K11/200.52 mi11, Eltisley Road, Ilford, Greater London IG1 2EP3
£360K04/210.53 mi47, Roman Road, Ilford, Greater London IG1 2NZ3
£445K11/200.55 mi34, Fairfield Road, Ilford, Greater London IG1 2JL3

Local Rents

31 rents from £850/mo to £3.1K/mo, average is £2.4K/mo.

RentDateDistanceAddressBeds 
£2,00004/240.15 mi-3
£2,50001/250.18 mi-3
£3,10004/240.2 mi-3
£2,20012/240.22 mi-3
£2,50004/250.25 mi-3
£2,30004/240.32 miMeath Road3
£2,40012/240.33 mi-3
£2,50012/240.34 mi-3
£3,00003/250.37 mi-3
£2,40003/250.39 mi-3
£2,30001/250.4 mi-3
£2,40004/240.42 mi-3
£2,20003/240.44 miBedford Road, IG13
£2,70004/250.45 mi-3
£85004/250.47 mi-3
£2,35004/240.5 miThornton Road, IG13
£2,60002/250.53 mi-3
£2,65003/250.53 mi-3
£2,20005/240.54 miPark Avenue, Barking3
£1,85003/240.55 miBritannia Road, Ilford, IG13
£2,40012/240.59 mi-3
£2,30004/240.6 miBluebell Way, Ilford3
£2,10004/240.6 mi-3
£2,20004/240.6 mi-3
£2,20002/250.6 mi-3
£2,20004/240.61 miBluebell Way, Ilford, Essex, IG13
£2,20003/250.61 mi-3
£2,40002/250.62 mi-3
£2,40002/250.62 mi-3
£2,60005/240.62 miMelford Road, Ilford, IG13
£2,50012/240.62 mi-3

Local Area Statistics

Population in IG1

63,569

Population in Ilford

181,468

Town centre distance

1.82 miles away

Nearest school

0.20 miles away

Nearest train station

0.71 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+7%

Sales demand

Buyer's market

Capital growth (5yrs)

+28%

Property History

Listed for £450,000

February 19, 2025

Floor Plans

Description

  • Three/four bedrooms +
  • Period features +
  • 60ft rear garden +
  • Double bay windows +
  • Two reception rooms +
  • Ground floor WC +
  • No onward chain +
  • Ideal family home +

Guide Price £450,000 - £475,000. For sale is a Victorian terraced house situated just off Ilford Lane. This property is brimming with potential and is an excellent opportunity for first-time buyers or families looking to put their own stamp on a home. The house could benefit from some modernisation, yet it retains many period features, providing a characterful canvas to work with. The house comprises three/four bedrooms, a bathroom located on the first floor, a kitchen, and two reception rooms, offering ample space for a family. This property also includes the added benefit of a cellar and a ground floor WC. One of the standout features of this property is its generous, 60ft rear garden, along with double bay windows at the front and rear, enhancing the brightness and spaciousness of the home. The location is ideal, with excellent public transport links, local amenities, nearby schools, and parks within the vicinity. The house is offered with no onward chain, sale subject to the grant of probate.

Agent Details

Payne & Co, Ilford

020 3873 8289

Next Steps?

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