3 Bed Terraced House, Refurb/BRRR, Ilford, IG5 0RR, £415,000

343 Fullwell Avenue, Clayhall, Essex IG5 0RR - 3 views - 2 months ago

Sold STC
Refurb/BRRR
ROI: 2%
~93 m²
+11 photos

ValuationFair Value

Sold Prices£385K - £800K
Sold Prices/m²£3.7K/m² - £8.2K/m²

 

 

Square Metres

~93 m²
Price/m²£4.5K/m²

Value Estimate

£423,300

 

 

End Value (After Refurb)

£512,663

Uplift in Value

+24%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£103,750

Stamp Duty & Legal Fees

£21,900

Refurb Costs

£49,368

Bridging Loan Interest

£10,894

Total Cash In

£187,662

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£512,663

Mortgage (After Refinance)

£384,497

Mortgage LTV

75%

Cash Released

£73,247

Cash Left In

£114,415

Equity

£128,166

Rent Range

£1,500 - £3,500

Rent Estimate

£2,473

Running Costs/mo

£2,117

Cashflow/mo

£356

Cashflow/yr

£4,276

ROI

2%

Gross Yield

7%

Local Sold Prices

50 sold prices from £385K to £800K, average is £512.5K. £3.7K/m² to £8.2K/m², average is £5.8K/m².

PriceDateDistanceAddressBeds 
£385K08/210.02 mi353, Fullwell Avenue, Ilford, Greater London IG5 0RR3
£475K09/210.07 mi10, Barrington Close, Ilford, Greater London IG5 0RH3
£480K12/220.07 mi4, Barrington Close, Ilford, Greater London IG5 0RH3
£397.5K06/210.1 mi450, Fullwell Avenue, Ilford, Greater London IG5 0RL3
£570K01/230.13 mi51, Felstead Avenue, Ilford, Greater London IG5 0QH3
£500K09/210.15 mi47, Cheriton Avenue, Ilford, Greater London IG5 0QL3
£465K12/200.15 mi45, Cheriton Avenue, Ilford, Greater London IG5 0QL3
£515K01/210.15 mi68, Cheriton Avenue, Ilford, Greater London IG5 0QL3
£614K09/220.15 mi84, Cheriton Avenue, Ilford, Greater London IG5 0QL3
£455K12/200.17 mi64, Basildon Avenue, Clayhall, Ilford, Greater London IG5 0QQ3
£530K11/220.2 mi19, The Glade, Ilford, Greater London IG5 0NQ3
£550K12/220.21 mi128, Caterham Avenue, Ilford, Greater London IG5 0QB3
£430K02/210.21 mi28, Cheriton Avenue, Ilford, Greater London IG5 0QN3
£530K06/230.21 mi27, Cheriton Avenue, Ilford, Greater London IG5 0QN3
£560K03/230.26 mi31, Naseby Road, Ilford, Greater London IG5 0NW3
£540K03/210.26 mi2, Naseby Road, Ilford, Greater London IG5 0NW3
£515K02/210.26 mi25, Basildon Avenue, Ilford, Greater London IG5 0QE3
£526K11/210.26 mi7, Dovedale Avenue, Ilford, Greater London IG5 0QG3
£510K07/230.26 mi27, Dovedale Avenue, Ilford, Greater London IG5 0QG3
£480K02/210.26 mi77, Dovedale Avenue, Ilford, Greater London IG5 0QG3
£510K03/230.28 mi28, Dovedale Avenue, Ilford, Greater London IG5 0QF3
£536K06/210.29 mi48, Harewood Drive, Ilford, Greater London IG5 0PH3
£488K12/200.3 mi111, Wensleydale Avenue, Ilford, Greater London IG5 0ND3
£510K02/210.3 mi151, Wensleydale Avenue, Ilford, Greater London IG5 0ND3
£400K10/200.31 mi5, Kirkland Avenue, Ilford, Greater London IG5 0TQ3
£650K11/220.32 mi20, Strafford Avenue, Ilford, Greater London IG5 0TJ3
£600K07/220.33 mi34, Harewood Drive, Ilford, Greater London IG5 0PH3
£535K03/230.34 mi42, Strafford Avenue, Ilford, Greater London IG5 0TJ3
£480K09/210.34 mi35, Kirkland Avenue, Ilford, Greater London IG5 0TH3
£500K02/210.35 mi44, Atherton Road, Ilford, Greater London IG5 0PF3
£789.5K01/210.35 mi60, Wensleydale Avenue, Ilford, Greater London IG5 0NB3
£485K02/210.35 mi93, Wensleydale Avenue, Ilford, Greater London IG5 0NB3
£532K03/210.35 mi69, Wensleydale Avenue, Ilford, Greater London IG5 0NB3
£500K11/220.37 mi34, Cottesmore Avenue, Ilford, Greater London IG5 0TG3
£490K03/210.37 mi15, Cottesmore Avenue, Ilford, Greater London IG5 0TG3
£545K01/230.37 mi48, Cottesmore Avenue, Ilford, Greater London IG5 0TG3
£490K03/210.37 mi15, Cottesmore Avenue, Ilford, Greater London IG5 0TG3
£545K10/220.37 mi36, Atherton Road, Ilford, Greater London IG5 0PF3
£590K09/220.39 mi8, Harewood Drive, Ilford, Greater London IG5 0PJ3
£800K12/200.39 miFlat 8, Osborne House, Hampstead Avenue, Woodford Green, Greater London IG8 8RE3
£600K04/210.41 mi93, Berkeley Avenue, Ilford, Greater London IG5 0UL3
£500K03/210.42 mi43, Berkeley Avenue, Ilford, Greater London IG5 0UP3
£640K09/210.42 mi10, Berkeley Avenue, Ilford, Greater London IG5 0UP3
£550K02/230.42 mi46, Berkeley Avenue, Ilford, Greater London IG5 0UL3
£475K04/210.43 mi61, Ewellhurst Road, Ilford, Greater London IG5 0PB3
£567K01/210.43 mi48, Ewellhurst Road, Ilford, Greater London IG5 0PB3
£523K12/200.43 mi51, Ewellhurst Road, Ilford, Greater London IG5 0PB3
£475K04/210.43 mi61, Ewellhurst Road, Ilford, Greater London IG5 0PB3
£500K02/230.43 mi11, Vicarage Road, Woodford Green, Greater London IG8 8NH3
£438.5K01/210.44 mi7, Vicarage Road, Woodford Green, Greater London IG8 8NH3

Local Rents

34 rents from £1.5K/mo to £3.5K/mo, average is £2.5K/mo.

RentDateDistanceAddressBeds 
£2,60001/250.2 mi-3
£1,65004/250.23 mi-3
£2,20006/240.31 mi-3
£1,89012/240.33 mi-3
£2,30012/240.38 mi-3
£2,30012/240.38 mi-3
£2,50012/240.38 mi-3
£2,50012/240.38 mi-3
£3,00005/240.39 miRepton Park, Woodford Green, IG83
£2,75004/240.39 miRepton Park, Woodford Green, IG83
£2,99505/240.39 miRepton Park, Woodford Green, IG83
£2,99506/240.39 miRepton Park, Woodford Green, IG83
£3,50005/240.41 miOsborne House, Woodford Green, Essex, IG83
£2,46902/250.43 mi-3
£2,70006/240.43 mi-3
£2,50002/250.43 mi-3
£2,55004/250.43 mi-3
£2,75005/240.45 miRichmond Drive, Woodford Green, Greater London, IG83
£1,95004/240.48 miClifford Avenue, Ilford, London, IG53
£2,40012/240.48 mi-3
£1,97512/240.48 mi-3
£1,97512/240.48 mi-3
£1,50004/240.49 miCrownhill Road, Woodford Green3
£2,17501/250.49 mi-3
£2,35003/250.49 mi-3
£2,50012/240.5 mi-3
£2,50001/250.5 mi-3
£2,20004/240.54 miDunspring Lane, IG53
£2,80005/240.56 miDevonshire House, Woodford Green, IG83
£2,80007/240.56 mi-3
£2,50012/240.59 mi-3
£2,65012/240.59 mi-3
£2,50012/240.59 mi-3
£1,95004/240.6 miElmslie Close, Chigwell, Essex, IG83

Local Area Statistics

Population in IG5

16,823

Population in Ilford

181,468

Town centre distance

1.63 miles away

Nearest school

0.30 miles away

Nearest train station

1.19 miles away

 

 

Rental growth (12m)

+5%

Sales demand

Seller's market

Capital growth (5yrs)

+19%

Property History

Listed for £415,000

February 27, 2025

Floor Plans

Description

Guide Price: £415,000 - £425,000. Calling all First Time Buyers. This three bedroom terrace house is located in a cul-de-sac branch of Fullwell Avenue and offers excellent opportunity for modernisation and redevelopment to suit your own style and living requirements. The property is sold with immediate vacant possession, and benefits from a spacious 13'8 Lounge, 17'9 Kitchen/Diner and 10'1 Conservatory Addition. Externally there is an outdoor WC, 14'1 Detached Garage via rear service road, and two separate brick build storage cupboards. Ideally located within close proximity to various transport links and popular local schools. Early viewing is highly recommended to avoid disappointment.

Open Entrance Porch - 1.55m x 0.48m (5'1 x 1'7) - Entrance door with obscure fixed sidelight leading to:

Entrance Hall - 3.76m x 1.75m max (12'4 x 5'9 max) - Radiator, meter and storage cupboard understairs, glazed door to:

Lounge - 4.17m 3.53m (13'8 11'7) - Five light leaded light style double glazed splay bay, brick fireplace surround with inset electric fire (not tested), radiator, archway part open to:

Kitchen/Diner - 5.41m x 2.95m (17'9 x 9'8) - Kitchen Area: Base and wall units, working surfaces, cupboards and drawers, built-in double oven, gas hob, one and half bowl sink unit with mixer tap, island with drawers and cupboards, tiled walls, tiled floor, double glazed window to rear, coved cornice. Dining Area: Radiator, coved cornice, double glazed sliding patio door with fixed sidelight leading to:

Conservatory Addition - 3.07m x 2.16m (10'1 x 7'1) - Large picture window with opening casements, two wall light points, multi glazed door with double glazed fixed sidelights leading to rear garden. Glazed canopy with doors to brick built storage shed.

First Floor Landing - 2.59m x 1.68m (8'6 x 5'6) - Access to loft, built-in storage cupboard, doors to:

Bedroom One - 4.06m 2.95m (13'4 9'8 ) - Three light leaded light style double glazed window with opening casement and fanlights over, mirror fronted fitted wardrobes to one wall incorporating airing cupboard with hot water cylinder and immersion heater, radiator.

Bedroom Two - 3.23m x 2.97m (10'7 x 9'9) - Three light double glazed window with fanlights over to rear, fitted wardrobe cupboards to one wall with over head storage, matching bedside tables and glazed corner niches, vanity unit with wash hand basin, drawers below and tiled splashback, radiator.

Bedroom Three - 2.90m x 2.31m (9'6 x 7'7) - Three light leaded light style double glazed window with fanlights over, radiator, coved cornice, built-in storage cupboard.

Shower Room - 1.68m x 1.42m (5'6 x 4'8) - Tiled shower enclosure with thermostatically controlled shower unit, vanity unit with wash hand basin and mixer tap, tiled walls, radiator, obscure double glazed window to rear, built-in storage cupboard.

Separate Wc - 1.68m x 0.74m (5'6 x 2'5) - Low level wc, obscure double glazed window to rear aspect.

Rear Garden - Two brick built storage sheds, one with obscure double glazed and fixed sidelight, power and lighting. OUTSIDE WC: Low level wc, corner wash hand basin with mixer tap, tiled walls, tiled floor, obscure glazed window. Paved patio area, tree and shrub borders, centre path leading to fishpond, outside tap, pedestrian gate leading to rear service road.

Detached Garage - 4.29m x 2.54m (14'1 x 8'4) - Obscure double glazed pedestrian door. Power and lighting. Two windows, Up and over door.

Front Garden - Lawn area, shrubs.

Council Tax - London Borough of Redbridge - Band D

Agents Note - Arbon & Miller inspected this property and will be only too pleased to provide any additional information as may be required. The information contained within these particulars should not be relied upon as statements or a representation of fact and photographs are for guidance purposes only. Services and appliances have not been tested and their condition will need to be verified. All guarantees need to be verified by the respective solicitors.

Agent Details

Arbon & Miller, Barkingside

020 3872 5288

Next Steps?

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