3 Bed Terraced House, Refurb/BRRR, Ilford, IG3 8BB, £425,000

Clandon Road, Ilford, IG3 8BB - 2 views - a month ago

Under Offer
Refurb/BRRR
ROI: 4%
~93 m²
+5 photos

ValuationFair Value

Sold Prices£255K - £685K
Sold Prices/m²£3.4K/m² - £6.7K/m²

 

 

Square Metres

~93 m²
Price/m²£4.6K/m²

Value Estimate

£433,500

 

 

End Value (After Refurb)

£431,078

Uplift in Value

+1%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£106,250

Stamp Duty & Legal Fees

£31,200

Refurb Costs

£49,200

Bridging Loan Interest

£11,156

Total Cash In

£199,556

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£431,078

Mortgage (After Refinance)

£323,309

Mortgage LTV

75%

Cash Released

£4,559

Cash Left In

£194,997

Equity

£107,770

Rent Range

£1,600 - £4,000

Rent Estimate

£2,438

Running Costs/mo

£1,855

Cashflow/mo

£583

Cashflow/yr

£6,999

ROI

4%

Gross Yield

7%

Local Sold Prices

50 sold prices from £255K to £685K, average is £455K. £3.4K/m² to £6.7K/m², average is £4.8K/m².

PriceDateDistanceAddressBeds 
£454K05/230 mi38, Clandon Road, Ilford, Greater London IG3 8BB3
£413.5K03/210.03 mi26, Eynsford Road, Ilford, Greater London IG3 8BA3
£417K11/210.08 mi4, Salisbury Road, Seven Kings, Ilford, Greater London IG3 8BE3
£480K06/210.1 mi28, Kent View Gardens, Ilford, Greater London IG3 8AQ3
£485K06/210.1 mi6, Kent View Gardens, Ilford, Greater London IG3 8AQ3
£527.5K09/210.11 mi4, Claremont Gardens, Ilford, Greater London IG3 8AH3
£415K10/200.13 mi63, Highbury Gardens, Ilford, Greater London IG3 8AF3
£450K03/230.15 mi24, Highbury Gardens, Ilford, Greater London IG3 8AA3
£435K03/230.15 mi90, Highbury Gardens, Ilford, Greater London IG3 8AA3
£255K06/210.17 mi25, Felbrigge Road, Ilford, Greater London IG3 8DN3
£550K04/230.2 mi3, Water Lane, Ilford, Greater London IG3 9HE3
£420K06/230.21 mi49, Guildford Road, Ilford, Greater London IG3 9YD3
£475K03/210.23 mi64, Vernon Road, Ilford, Greater London IG3 8DL3
£465K12/220.23 mi67, Vernon Road, Ilford, Greater London IG3 8DJ3
£455K11/200.24 mi49, South Park Drive, Ilford, Greater London IG3 9AA3
£435K06/230.28 mi15, Morrab Gardens, Ilford, Greater London IG3 9HG3
£495K07/220.29 mi7, Morrab Gardens, Ilford, Greater London IG3 9HG3
£500K06/210.31 mi32, Morrab Gardens, Ilford, Greater London IG3 9HL3
£685K08/220.31 mi54, Morrab Gardens, Ilford, Greater London IG3 9HL3
£463K06/210.31 mi38, Charlbury Gardens, Ilford, Greater London IG3 9TU3
£575K03/230.31 mi1, Charlbury Gardens, Ilford, Greater London IG3 9TU3
£465K01/210.31 mi8, South Park Crescent, Ilford, Greater London IG1 1XU3
£555K01/230.32 mi93, Aldborough Road South, Ilford, Greater London IG3 8HS3
£427.5K04/210.32 mi100, Cobham Road, Ilford, Greater London IG3 9JN3
£450K06/210.32 mi113, Aldborough Road South, Ilford, Greater London IG3 8HS3
£430K12/200.33 mi95, Betchworth Road, Ilford, Greater London IG3 9JQ3
£430K01/210.33 mi79, Betchworth Road, Ilford, Greater London IG3 9JQ3
£510K12/220.33 mi10, Lynford Gardens, Ilford, Greater London IG3 9LY3
£615K05/220.35 mi26, Water Lane, Ilford, Greater London IG3 9HN3
£380K05/210.35 mi30, Pelham Road, Ilford, Greater London IG1 1RF3
£425K03/210.35 mi126, Stanley Road, Ilford, Greater London IG1 1RB3
£492.5K12/210.36 mi8, Nutfield Gardens, Ilford, Greater London IG3 9TB3
£410K10/200.37 mi33, Chester Road, Ilford, Greater London IG3 8PT3
£410K02/210.37 mi27, Chester Road, Ilford, Greater London IG3 8PT3
£485K12/200.37 mi19, Nutfield Gardens, Ilford, Greater London IG3 9TB3
£385K06/210.37 mi8, Chester Road, Ilford, Greater London IG3 8PS3
£350K12/220.37 mi20, Chester Road, Ilford, Greater London IG3 8PS3
£415K01/230.42 mi103, Green Lane, Ilford, Greater London IG1 1XL3
£575K10/200.43 mi110, Felbrigge Road, Ilford, Greater London IG3 9XJ3
£470K01/210.44 mi32, Spencer Road, Ilford, Greater London IG3 8PW3
£450K09/220.44 mi109, St Marys Road, Ilford, Greater London IG1 1QY3
£425K01/210.44 mi131, South Park Drive, Ilford, Greater London IG3 9AD3
£455K06/210.44 mi149, South Park Drive, Ilford, Greater London IG3 9AD3
£410K01/210.45 mi95, St Marys Road, Ilford, Greater London IG1 1QY3
£610K10/200.45 mi11, Tresco Gardens, Ilford, Greater London IG3 9NH3
£503K12/200.45 mi20, Woodstock Gardens, Ilford, Greater London IG3 9SZ3
£475K04/210.45 mi24, Woodstock Gardens, Ilford, Greater London IG3 9SZ3
£550K02/210.47 mi35, Gyllyngdune Gardens, Ilford, Greater London IG3 9HJ3
£450K03/210.48 mi12, Kimberley Avenue, Ilford, Greater London IG2 7AT3
£495K02/210.48 mi149, Cambridge Road, Ilford, Greater London IG3 8LZ3

Local Rents

50 rents from £1.6K/mo to £4K/mo, average is £2.4K/mo.

RentDateDistanceAddressBeds 
£2,60001/250.05 mi-3
£2,50003/250.05 mi-3
£2,20004/240.05 mi-3
£2,50012/240.08 mi-3
£2,30004/240.09 miElmstead road3
£2,40003/250.11 mi-3
£2,40001/250.14 mi-3
£2,50005/240.15 miHolmwood Road, Ilford, Essex, IG33
£2,30006/240.15 miHolmwood Road, Ilford, IG33
£1,60001/250.16 mi-3
£2,50005/240.2 miWater Lane, London, Essex, IG33
£2,37512/240.21 mi-3
£2,37512/240.21 mi-3
£4,00012/240.23 mi-3
£2,85012/240.24 mi-3
£2,60012/240.24 mi-3
£2,27502/250.25 mi-3
£2,60012/240.25 mi-3
£2,60012/240.25 mi-3
£2,00005/240.25 miBreamore Road, Ilford, IG33
£2,50002/250.31 mi-3
£2,50003/250.31 mi-3
£2,40003/250.31 mi-3
£2,30003/250.31 mi-3
£2,30012/240.31 mi-3
£1,95012/240.31 mi-3
£1,95001/250.31 mi-3
£2,30012/240.32 mi-3
£2,30012/240.32 mi-3
£2,45002/250.32 mi-3
£2,30003/250.32 mi-3
£2,30004/240.32 miCharter House, High Road, Ilford3
£2,30004/240.32 mi-3
£2,20005/240.33 miLynford Gardens, Ilford, IG33
£2,20005/240.33 mi-3
£2,10012/240.36 mi-3
£2,10012/240.36 mi-3
£2,70002/250.36 mi-3
£2,40012/240.37 mi-3
£2,60012/240.37 mi-3
£3,00012/240.38 mi-3
£2,29512/240.38 mi-3
£2,50012/240.42 mi-3
£2,60005/240.42 miMelford Road, Ilford, IG13
£2,40002/250.42 mi-3
£2,40002/250.42 mi-3
£2,20003/250.44 mi-3
£2,60004/240.46 mi-3
£2,30005/240.47 mi-3
£2,30012/240.47 mi-3

Local Area Statistics

Population in IG3

35,543

Population in Ilford

181,468

Town centre distance

1.22 miles away

Nearest school

0.20 miles away

Nearest train station

0.12 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-19%

Sales demand

Balanced market

Capital growth (5yrs)

+23%

Property History

Listed for £425,000

March 4, 2025

Floor Plans

Description

  • THREE BEDROOMS +
  • REQUIRES RENOVATION THROUGHOUT +
  • OFFERED AS VACANT POSSESSION +
  • POTENTIAL TO EXTEND +
  • A SHORT WALK FROM SEVEN KINGS TFL RAIL AND ELIZABETH LINE STATION +
  • PERFECT TO PUT YOUR OWN STAMP ON +
  • IDEAL FOR FIRST TIME BUYERS +
  • IDEAL FOR INVESTORS +
  • CHAIN FREE PROPERTY +

Brian Thomas Estate Agents present the opportunity to acquire this CHAIN-FREE three bedroom family home located a short walk from Seven Kings TFL Rail and Elizabeth Line Station. Offered with vacant possession and in need of renovation throughout, this property is perfect to put your own stamp on!

The ground floor of the property comprises two separate reception rooms and a kitchen leading to a temporary extension currently used as a utilities area with WC. Three Bedrooms and the family bathroom are situated on the first floor of the property.

The property benefits from the potential to be extended and also its wonderful station Location. The property is located a short walk from Seven Kings TFL Rail and Elizabeth Line Station, providing convenient access into The City and beyond. Local amenities such as schools, shops and public transport are also within close proximity.

RECEPTION 1 - 3.69m x 3.29m (12'1" x 10'9")

RECEPTION 2 - 3.40m x 3.13m (11'1" x 10'3")

KITCHEN - 2.37m x 2.12m (7'9" x 6'11")

TEMPORARY EXTENSION -

BEDROOM 1 - 3.54m x 3.30m (11'7" x 10'9")

BEDROOM 2 - 3.46m x 2.63m (11'4" x 8'7")

BEDROOM 3 - 3.30m x 1.77m (10'9" x 5'9")

FAMILY BATHROOM - 2.61m x 2.43m (8'6" x 7'11")

REAR GARDEN - 5.18m (17')

Agent Details

Brian Thomas Estate Agents, Seven Kings

020 3835 6491

Next Steps?

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

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