3 Bed Terraced House, Refurb/BRRR, Ilford, IG1 2TP, £415,000

Henley Road, Ilford, IG1 2TP - 4 views - 2 months ago

Leasehold
BTL
Refurb/BRRR
ROI: 3%
~93 m²

ValuationUndervalued

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

 

 

Square Metres

~93 m²
Price/m²£4.5K/m²

Value Estimate

£425,000

 

 

End Value (After Refurb)

£452,536

Uplift in Value

+6%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£103,750

Stamp Duty & Legal Fees

£22,700

Refurb Costs

£49,200

Bridging Loan Interest

£10,894

Total Cash In

£188,294

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£452,536

Mortgage (After Refinance)

£339,402

Mortgage LTV

75%

Cash Released

£28,152

Cash Left In

£160,142

Equity

£113,134

Rent Range

£850 - £3,100

Rent Estimate

£2,388

Running Costs/mo

£1,912

Cashflow/mo

£476

Cashflow/yr

£5,715

ROI

3%

Gross Yield

7%

Local Sold Prices

50 sold prices from £207K to £580K, average is £458.8K. £2.9K/m² to £7.4K/m², average is £4.9K/m².

PriceDateDistanceAddressBeds 
£470K01/230.03 mi168, Henley Road, Ilford, Greater London IG1 2TR3
£460K11/210.1 mi275, Henley Road, Ilford, Greater London IG1 2TN3
£325K01/210.1 mi49, Eton Road, Ilford, Greater London IG1 2UD3
£432K06/210.1 mi230, Henley Road, Ilford, Greater London IG1 2TW3
£410K02/210.1 mi197, Kingston Road, Ilford, Greater London IG1 1PF3
£456K01/210.1 mi186, Kingston Road, Ilford, Greater London IG1 1PF3
£407K01/210.13 mi159, Windsor Road, Ilford, Greater London IG1 1HE3
£425K11/200.14 mi142, Eton Road, Ilford, Greater London IG1 2UJ3
£495K07/230.16 mi31, Staines Road, Ilford, Greater London IG1 2XA3
£207K04/230.16 mi69, Staines Road, Ilford, Greater London IG1 2XA3
£478K01/230.16 mi128, Staines Road, Ilford, Greater London IG1 2UY3
£433K04/210.18 mi118, Richmond Road, Ilford, Greater London IG1 1JX3
£435K11/210.18 mi149, Hampton Road, Ilford, Greater London IG1 1PR3
£425K02/230.2 mi296, Hampton Road, Ilford, Greater London IG1 1PL3
£510K07/230.22 mi73, Gordon Road, Ilford, Greater London IG1 1SL3
£485K06/230.22 mi323, Kingston Road, Ilford, Greater London IG1 1PJ3
£565K02/230.24 mi49, Park Road, Ilford, Greater London IG1 1SF3
£450K06/210.27 mi116, South Park Road, Ilford, Greater London IG1 1SZ3
£367.5K12/200.27 mi12, Eton Road, Ilford, Greater London IG1 2UE3
£475K01/230.28 mi11, South Park Road, Ilford, Greater London IG1 1SZ3
£520K06/210.31 mi74, Richmond Road, Ilford, Greater London IG1 1JZ3
£382K11/200.31 mi31, Eton Road, Ilford, Greater London IG1 2UD3
£391K11/200.31 mi69, Eton Road, Ilford, Greater London IG1 2UD3
£350K09/210.31 mi104, Grange Road, Ilford, Greater London IG1 1EX3
£580K12/220.34 mi2, Tylehurst Gardens, Ilford, Greater London IG1 2QL3
£455K07/220.34 mi23, Craigen Gardens, Ilford, Greater London IG3 9FG3
£505K06/210.35 mi14, Park Road, Ilford, Greater London IG1 1SD3
£440K03/210.35 mi248, Staines Road, Ilford, Greater London IG1 2UP3
£472K04/210.35 mi276, Staines Road, Ilford, Greater London IG1 2UP3
£455K04/230.35 mi200, Eton Road, Ilford, Greater London IG1 2UN3
£457.5K06/210.35 mi347, Eton Road, Ilford, Greater London IG1 2UN3
£430K02/210.37 mi23, Mortlake Road, Ilford, Greater London IG1 2SX3
£500K01/210.39 mi42, Vine Gardens, Ilford, Greater London IG1 2QJ3
£485K01/230.4 mi3, Park Road, Ilford, Greater London IG1 1SB3
£517.5K04/210.41 mi51, Bedford Road, Ilford, Greater London IG1 1EL3
£513K03/210.41 mi82, South Park Terrace, Ilford, Greater London IG1 1YB3
£260K03/210.43 mi17, Fairway Gardens, Ilford, Greater London IG1 2QG3
£565K07/230.44 mi55, Belmont Road, Ilford, Greater London IG1 1YW3
£525K06/210.45 mi343, Mortlake Road, Ilford, Greater London IG1 2TQ3
£525K06/210.45 mi343, Mortlake Road, Ilford, Greater London IG1 2TQ3
£560K07/230.45 mi30, Elstree Gardens, Ilford, Greater London IG1 2QQ3
£415K01/230.46 mi103, Green Lane, Ilford, Greater London IG1 1XL3
£455K03/230.47 mi14, Stanley Road, Ilford, Greater London IG1 1RW3
£535K10/220.47 mi39, Chudleigh Crescent, Ilford, Greater London IG3 9AT3
£470K11/200.47 mi49, Chudleigh Crescent, Ilford, Greater London IG3 9AT3
£425K01/210.5 mi131, South Park Drive, Ilford, Greater London IG3 9AD3
£455K06/210.5 mi149, South Park Drive, Ilford, Greater London IG3 9AD3
£515K04/210.5 mi14, Tavistock Gardens, Ilford, Greater London IG3 9BE3
£530K06/210.5 mi46, Tavistock Gardens, Ilford, Greater London IG3 9BE3
£465K01/210.51 mi8, South Park Crescent, Ilford, Greater London IG1 1XU3

Local Rents

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

RentDateDistanceAddressBeds 
£2,50001/250.05 mi-3
£2,20012/240.06 mi-3
£2,00004/240.14 mi-3
£3,10004/240.21 mi-3
£2,50012/240.21 mi-3
£2,40012/240.22 mi-3
£2,30004/240.23 miMeath Road3
£2,50004/250.33 mi-3
£85004/250.34 mi-3
£2,40004/240.46 mi-3
£2,29512/240.48 mi-3
£2,60012/240.48 mi-3
£2,40002/250.48 mi-3
£2,40002/250.48 mi-3
£2,20003/250.48 mi-3
£2,60005/240.48 miMelford Road, Ilford, IG13
£2,50012/240.48 mi-3
£2,20003/240.49 miBedford Road, IG13
£2,30005/240.5 mi-3
£2,30012/240.5 mi-3
£3,00003/250.52 mi-3
£2,30001/250.53 mi-3
£2,20004/240.54 mi-3
£2,20002/250.54 mi-3
£2,40003/250.55 mi-3
£1,90001/250.56 mi-3
£2,70002/250.56 mi-3
£2,70004/250.57 mi-3
£2,10004/240.57 mi-3
£2,10002/250.59 mi-3
£2,85012/240.59 mi-3
£2,30012/240.59 mi-3
£2,30012/240.59 mi-3
£2,70012/240.61 mi-3
£2,70004/240.61 miHigh Road, Ilford, IG13

Local Area Statistics

Population in IG1

63,569

Population in Ilford

181,468

Town centre distance

1.72 miles away

Nearest school

0.20 miles away

Nearest train station

0.74 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+7%

Sales demand

Buyer's market

Capital growth (5yrs)

+28%

Property History

Price changed to £415,000

March 16, 2025

Listed for £425,000

February 24, 2025

Floor Plans

Description

  • Three Bedrooms +
  • Two Receptions +
  • Modernisation Required +
  • Chain Free +
  • Close to Local Amenities +
  • Chain Free +
  • EPC E +

Stonebridge are pleased to present this three bedroom house located in the heart of Ilford, offering a fantastic opportunity for those looking to create their ideal home or make a solid investment.

In need of modernisation, this property is perfect for buyers willing to undertake renovation and bring their personal touch to a spacious family home. The ground floor features two separate reception rooms, a kitchen, and a bathroom, providing a flexible layout for family living. Upstairs, there are three well proportioned double bedrooms, offering ample space for comfort and relaxation.

The property benefits from excellent transport links, with two train stations less than a mile away, and multiple bus routes accessible just at the top of the road. For families, the area is well served by local schools, while the proximity to local independent shops, grocers, supermarkets, and amenities makes it a highly convenient location.

Situated just off the ever popular Ilford Lane (IG1) shopping district, this property offers easy access to the vibrant local community and all it has to offer.

Sale by Tender
Please note, this property is being sold by Tender, meaning the purchaser will incur a fee payable to Stonebridge.

Letting and Management Service

If you`re considering renting out your property, investing in a buy-to-let, or would like a free review of your portfolio, Stonebridge Estate Agents offer a professional Letting and Management Service. Contact us today on for more information.

This is a great opportunity to acquire a spacious property in a prime location don`t miss out, book your viewing today!

Reception One: - 12'1" (3.68m) x 11'7" (3.53m)

Reception Two - 13'1" (3.99m) x 11'2" (3.4m)

Kitchen - 9'2" (2.79m) x 9'1" (2.77m)

Bathroom:

Bedroom One: - 15'2" (4.62m) x 11'2" (3.4m)

Bedroom Two: - 10'7" (3.23m) x 9'7" (2.92m)

Bedroom Three - 9'2" (2.79m) x 9'1" (2.77m)

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Notice
Lettings
Stonebridge also offer a professional Lettings and Management Service. If you are considering renting your property, to purchase or are looking at buy to let investments or would like a free review of your current portfolio then please call the lettings manager.

Agents Notes
All dimensions are approximate and are quoted for guidance only, their accuracy cannot be confirmed. Reference to appliances and/or services does not imply they are necessarily in working order or fit for the purpose. Buyers are advised to obtain verification from their solicitors as to the Freehold/Leasehold status of the property, the position regarding any fixtures and fittings and where the property has been extended/converted as to Planning Approval and Building regulations compliance. These do not constitute or form part of an offer or contract nor may be regarded as representations. All interested parties must themselves verify their accuracy.

Agent Details

Stonebridge Estates, London

020 3834 8500

Next Steps?

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