2 Bed Flat, Refurb/BRRR, Ilford, IG6 2BL, £270,000

Longwood Gardens, Barkingside, IG6 2BL - 1 views - a month ago

Leasehold
Refurb/BRRR
ROI: 3%
~68 m²
+8 photos

ValuationUndervalued

Sold Prices£195K - £670K
Sold Prices/m²£2.3K/m² - £7.3K/m²

 

 

Square Metres

~68.11 m²
Price/m²£4K/m²

Value Estimate

£278,100
BMV3%

 

 

End Value (After Refurb)

£353,777

Uplift in Value

+31%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£67,500

Stamp Duty & Legal Fees

£18,200

Refurb Costs

£36,033

Bridging Loan Interest

£7,088

Total Cash In

£130,570

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£353,777

Agent Fees (1%)

£3,538

Bridging Loan

£202,500

Bridging Loan Interest

£7,088

Flip Profit

£17,168

Local Sold Prices

48 sold prices from £195K to £670K, average is £308.5K. £2.3K/m² to £7.3K/m², average is £5.2K/m².

PriceDateDistanceAddressBeds 
£270K01/210.07 mi27, Hatfield Close, Ilford, Greater London IG6 2JJ2
£305K07/210.1 miFlat 2, Berica Court, Mossford Green, Barkingside, Ilford, Greater London IG6 2PE2
£273K03/210.26 mi8, Tiptree Crescent, Ilford, Greater London IG5 0SZ2
£341K01/230.31 mi26, Woodhaven Gardens, Ilford, Greater London IG6 1JP2
£195K06/210.31 mi147, Tiptree Crescent, Ilford, Greater London IG5 0SX2
£319K06/210.32 mi2, Barton Meadows, Ilford, Greater London IG6 1JQ2
£265K11/200.35 mi121a, Fullwell Avenue, Ilford, Greater London IG6 2JG2
£275K03/210.46 mi201a, Fullwell Avenue, Ilford, Greater London IG5 0RA2
£285K07/210.48 mi268, Fullwell Avenue, Ilford, Greater London IG5 0SB2
£295K02/220.48 mi207a, Fullwell Avenue, Ilford, Greater London IG5 0RA2
£255K03/220.5 mi233a, Fullwell Avenue, Ilford, Greater London IG5 0RB2
£299.6K03/220.52 mi5a, Calne Avenue, Ilford, Greater London IG5 0XB2
£278K06/220.53 mi235a, Fullwell Avenue, Ilford, Greater London IG5 0RB2
£315K02/220.53 mi298a, Fullwell Avenue, Ilford, Greater London IG5 0SA2
£325K05/220.54 mi282, Fullwell Avenue, Ilford, Greater London IG5 0SA2
£250K12/220.54 mi304a, Fullwell Avenue, Ilford, Greater London IG5 0SA2
£320K02/220.55 mi22a, Caernarvon Drive, Ilford, Greater London IG5 0XD2
£297K06/210.55 mi79, Caterham Avenue, Ilford, Greater London IG5 0QB2
£290K03/210.55 mi109, Tomswood Hill, Ilford, Greater London IG6 2HP2
£232K02/220.56 mi257a, Fullwell Avenue, Ilford, Greater London IG5 0RD2
£300K07/220.57 mi28a, Caernarvon Drive, Ilford, Greater London IG5 0XD2
£315K04/210.6 mi18, Poplar Way, Ilford, Greater London IG6 1EL2
£320K08/220.63 mi37, Poplar Way, Ilford, Greater London IG6 1EN2
£310K02/220.64 mi68, Caernarvon Drive, Ilford, Greater London IG5 0XE2
£275K06/210.64 mi43a, Caernarvon Drive, Ilford, Greater London IG5 0XE2
£325K07/210.65 mi4a, Loudoun Avenue, Ilford, Greater London IG6 1AT2
£305K01/210.66 mi139a, Ravensbourne Gardens, Ilford, Greater London IG5 0XG2
£310K12/200.66 mi123, Ravensbourne Gardens, Ilford, Greater London IG5 0XG2
£315K02/220.67 mi113, Ravensbourne Gardens, Ilford, Greater London IG5 0XG2
£290K10/220.67 miFlat 2, Foresters, Veronique Gardens, Ilford, Greater London IG6 1AR2
£343K09/220.69 mi344, Fullwell Avenue, Ilford, Greater London IG5 0RY2
£356K09/210.7 mi62, Duke Road, Ilford, Greater London IG6 1NL2
£300K06/210.71 mi23, Wedmore Avenue, Ilford, Greater London IG5 0XF2
£280.3K06/210.85 mi11, Abbey Road, Ilford, Greater London IG2 7NE2
£200K05/220.85 mi44a, Gaysham Avenue, Ilford, Greater London IG2 6TJ2
£320K07/210.89 miFlat 7, Aspen Court, Stoneleigh Road, Ilford, Greater London IG5 0HY2
£307K04/210.89 miFlat 10, Aspen Court, Stoneleigh Road, Ilford, Greater London IG5 0HY2
£340K08/210.91 miFlat 5, Oleastor Court, Stoneleigh Road, Ilford, Greater London IG5 0JX2
£330K03/230.91 miFlat 5, Oleastor Court, Stoneleigh Road, Ilford, Greater London IG5 0JX2
£480K11/200.94 miFlat 16, The Manor, Regents Drive, Woodford Green, Greater London IG8 8RT2
£310K08/220.95 mi1, Henrys Walk, Ilford, Greater London IG6 2NR2
£460K02/210.97 miFlat 12, Kensington House, Richmond Drive, Woodford Green, Greater London IG8 8RJ2
£640K06/210.97 miFlat 7, Kensington House, Richmond Drive, Woodford Green, Greater London IG8 8RJ2
£266.5K04/220.98 miFlat 54, Hastingwood Court, Youngs Road, Ilford, Greater London IG2 7LF2
£575K03/210.98 miFlat 2, Osborne House, Hampstead Avenue, Woodford Green, Greater London IG8 8RE2
£450K03/210.98 miFlat 5, The Manor, Regents Drive, Woodford Green, Greater London IG8 8RT2
£670K04/210.99 miFlat 9, Wentworth House, Hampstead Avenue, Woodford Green, Greater London IG8 8QB2
£600K03/211 miFlat 15, Wentworth House, Hampstead Avenue, Woodford Green, Greater London IG8 8QB2

Local Rents

53 rents from £1.3K/mo to £2.1K/mo, average is £1.8K/mo.

RentDateDistanceAddressBeds 
£1,59507/240 miLongwood Gardens, Ilford, Essex, IG62
£1,50007/240.01 miLongwood Gardens, Barkingside2
£1,75008/240.06 miMossford Green, Barkingside, Ilford, IG62
£1,70007/240.07 miHatfield Close, Ilford, IG62
£1,75002/250.08 mi-2
£1,75006/240.08 miHatfield Close, Ilford, IG62
£1,85007/240.08 miHatfield Close, Ilford, IG62
£1,70008/240.08 miHatfield Close, Ilford, IG62
£1,75006/240.08 mi-2
£1,70008/240.08 mi-2
£1,70008/240.08 mi-2
£1,55001/240.1 miMossford Green, Ilford, Essex, IG62
£2,00005/240.25 miTiptree Crescent, IG5 0SZ2
£2,00005/240.25 miTiptree Crescent, IG5 0SZ2
£1,80012/240.3 mi-2
£1,80012/240.3 mi-2
£1,80003/250.3 mi-2
£1,30004/240.3 mi-2
£1,80004/240.3 miHigh Street, Ilford, London, IG62
£1,75007/240.31 miWoodhaven Gardens, Ilford, IG62
£1,85001/240.31 mi-2
£1,85001/240.31 miWoodhaven Gardens, Barkingside, Essex, IG62
£1,90010/240.31 mi-2
£1,30007/240.31 mi-2
£1,95001/240.31 mi-2
£1,70004/240.31 miBarton Meadows, Brandville Gardens, Barkingside2
£1,60008/240.32 miBarton Meadows, Ilford, London, IG62
£1,52502/250.33 mi-2
£1,80004/240.33 mi-2
£2,15006/240.38 miCranbourne Gardens, Barkingside2
£1,85005/240.39 mi-2
£1,85004/240.39 miBarkingside, Barkingside, IG62
£1,70004/250.42 mi-2
£1,70001/240.45 miNew Mossford Way, Ilford, London, IG62
£1,80006/240.46 miNew Mossford Way, Barkingside, IG62
£1,80006/240.46 mi-2
£1,60006/240.48 miCranbrook Road, Ilford, IG62
£1,85004/240.49 miTomswood Hill, IG62
£1,80007/240.49 miTomswood Hill, IG62
£1,90004/250.51 mi-2
£1,95008/240.51 miTomswood Hill, Chigwell, Essex, IG62
£1,90008/240.52 miCumberland Close, Barkingside, Ilford, Essex, IG62
£1,65004/240.53 mi-2
£1,65004/240.53 mi-2
£1,80008/240.53 miOakside Court, Fencepiece Road, Ilford, IG62
£1,60006/240.55 mi-2
£1,55007/240.56 miTomswood Hill, IG6 2HP2
£1,75008/240.58 miTomswood Hill, Hainault2
£1,65004/250.59 mi-2
£1,85005/240.6 miTemple Court, IG2 6RJ2
£1,60008/240.6 miPoplar Way, Ilford, IG62
£1,60009/240.6 mi-2
£1,60009/240.6 mi-2

Local Area Statistics

Population in IG6

27,822

Population in Ilford

181,468

Town centre distance

0.91 miles away

Nearest school

0.20 miles away

Nearest train station

0.65 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+6%

Sales demand

Balanced market

Capital growth (5yrs)

+24%

Property History

Listed for £270,000

March 15, 2025

Floor Plans

Description

  • Flat +
  • Ground Floor +
  • Lounge +
  • Two Double Bedrooms +
  • Shower Room and Wc +
  • Kitchen +
  • Residents Parking +
  • Close to High Street +
  • Walking Distance to Tube +
  • Chain Free +

A two double bedroom ground floor flat in Barkingside, located within a short walk of the high street amenities, the central line station and multiple bus routes, plus very popular local schools. The property is in need of some re-modernisation, but this allows the new owner to design their perfect home. To the rear of the block is the Residents car park and the property is being offered as 'Chain Free'.

Agent Details

haart, Barkingside

020 3834 7952

Next Steps?

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