2 Bed Flat, Single Let, Ilford, IG1 4RX, £239,000

Ingleby Road, ILFORD, IG1 4RX - 24 days ago

Leasehold
Auction
BTL
ROI: 9%
~68 m²
+1 photos

ValuationUndervalued

Sold Prices£129K - £554.8K
Sold Prices/m²£2.3K/m² - £7.6K/m²

 

 

Square Metres

~68.11 m²
Price/m²£3.5K/m²

Value Estimate

£291,580
BMV22%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£59,750

Stamp Duty & Legal Fees

£13,150

Total Cash In

£72,900

 

 

Cash Out

 

Rent Range

£1,450 - £2,600

Rent Estimate

£1,650

Running Costs/mo

£1,097

Cashflow/mo

£553

Cashflow/yr

£6,638

ROI

9%

Gross Yield

8%

Local Sold Prices

46 sold prices from £129K to £554.8K, average is £290K. £2.3K/m² to £7.6K/m², average is £5.1K/m².

PriceDateDistanceAddressBeds 
£325K04/210.05 mi16b, Valentines Road, Ilford, Greater London IG1 4SA2
£305K12/200.09 mi16a, Bathurst Road, Ilford, Greater London IG1 4LA2
£300K10/200.1 miFirst Floor Flat, 19, Warwick Gardens, Ilford, Greater London IG1 4LE2
£296K08/210.16 mi78a, Wellesley Road, Ilford, Greater London IG1 4JZ2
£360K06/210.18 mi73, Balfour Road, Ilford, Greater London IG1 4HR2
£350K06/230.18 mi61a, Balfour Road, Ilford, Greater London IG1 4HR2
£554.8K06/210.26 mi81, Wellesley Road, Ilford, Greater London IG1 4LJ2
£140K10/200.29 miFlat 32, Heron Court, Morland Road, Ilford, Greater London IG1 4EW2
£400K09/220.29 mi115a, Thorold Road, Ilford, Greater London IG1 4EZ2
£515K05/210.39 mi115, Northbrook Road, Ilford, Greater London IG1 3BL2
£160K02/210.41 mi12, Centreway, Ilford, Greater London IG1 1ND2
£360K03/210.49 mi40c, York Road, Ilford, Greater London IG1 3AF2
£295K12/200.51 mi45b, Endsleigh Gardens, Ilford, Greater London IG1 3EQ2
£295K06/210.52 mi24a, Cowley Road, Ilford, Greater London IG1 3JL2
£255K10/200.54 mi39a, Woodlands Road, Ilford, Greater London IG1 1JL2
£138K07/210.54 mi33d, Grosvenor Road, Ilford, Greater London IG1 1LD2
£280K01/210.58 mi78a, Devere Gardens, Ilford, Greater London IG1 3EE2
£322K03/230.63 miFlat 38, De Havilland Square, Piper Way, Ilford, Greater London IG1 4DE2
£283K07/210.68 mi61, Piper Way, Ilford, Greater London IG1 4FE2
£290K11/220.69 mi21, Connaught Road, Ilford, Greater London IG1 1RL2
£290K12/220.69 mi25, Meath Road, Ilford, Greater London IG1 1JA2
£250K12/200.69 mi63, Lynn Road, Ilford, Greater London IG2 7DU2
£230K04/230.7 mi46, Dellow Close, Ilford, Greater London IG2 7EB2
£215K02/210.7 mi4, Friars Close, Ilford, Greater London IG1 4AZ2
£305K10/220.7 mi19, Friars Close, Ilford, Greater London IG1 4AZ2
£277K12/220.7 mi50, Friars Close, Ilford, Greater London IG1 4AZ2
£280K06/230.7 mi61, Friars Close, Ilford, Greater London IG1 4AZ2
£375K09/220.71 mi6, Bramley Crescent, Ilford, Greater London IG2 6DA2
£275K05/230.74 mi75, Dellow Close, Ilford, Greater London IG2 7ED2
£240K02/210.76 mi104, Riverdene Road, Ilford, Greater London IG1 2EB2
£129K04/230.77 mi1027, Romford Road, Manor Park, London, Greater London E12 5LH2
£282.5K07/210.77 mi58a, Vicarage Lane, Ilford, Greater London IG1 4AN2
£310K10/220.84 mi6, Lowbrook Road, Ilford, Greater London IG1 2HD2
£290K05/220.86 mi65, Stainforth Road, Ilford, Greater London IG2 7EL2
£245K11/220.86 miFlat 46, Charlbury House, Grantham Road, Manor Park, London, Greater London E12 5NR2
£235K06/210.87 miFlat 30, Beehive Court, Beehive Lane, Ilford, Greater London IG1 3RR2
£305K03/230.89 mi8, Royal Crescent, Newbury Park, Ilford, Greater London IG2 7NH2
£305K04/230.89 mi2, Royal Crescent, Newbury Park, Ilford, Greater London IG2 7NH2
£325K03/210.89 mi12, Charles Church Walk, Ilford, Greater London IG1 3RZ2
£247K05/210.91 mi26, Lowbrook Road, Ilford, Greater London IG1 2HB2
£218.2K12/220.92 mi139, Aldborough Road South, Ilford, Greater London IG3 8HT2
£200K05/220.92 mi44a, Gaysham Avenue, Ilford, Greater London IG2 6TJ2
£291K08/220.92 mi862, Eastern Avenue, Ilford, Greater London IG2 7HY2
£266.5K04/220.96 miFlat 54, Hastingwood Court, Youngs Road, Ilford, Greater London IG2 7LF2
£305K02/210.97 mi161, Aldborough Road South, Ilford, Greater London IG3 8HU2
£270K12/220.98 miFlat 152, Courtney Towers, Glebelands Avenue, Ilford, Greater London IG2 7DJ2

Local Rents

50 rents from £1.4K/mo to £2.6K/mo, average is £1.8K/mo.

RentDateDistanceAddressBeds 
£1,70004/250.03 mi-2
£2,00002/250.05 mi-2
£2,00002/250.05 mi-2
£2,00002/250.05 mi-2
£2,00003/250.05 mi-2
£2,00003/250.05 mi-2
£2,30002/250.18 mi-2
£1,70003/250.21 mi-2
£2,15012/240.24 mi-2
£1,75003/250.3 mi-2
£1,75003/250.3 mi-2
£1,54502/250.31 mi-2
£1,80005/240.31 mi-2
£1,80003/250.31 mi-2
£1,90004/250.31 mi-2
£2,30004/240.32 mi-2
£1,95012/240.32 mi-2
£1,65012/240.34 mi-2
£2,00004/250.34 mi-2
£1,70002/250.34 mi-2
£1,70003/250.34 mi-2
£1,70003/250.34 mi-2
£1,45004/240.35 mi-2
£1,70003/250.36 mi-2
£1,99501/250.36 mi-2
£2,10001/250.36 mi-2
£1,80004/250.37 mi-2
£1,70004/250.37 mi-2
£2,60012/240.38 mi-2
£2,10003/250.38 mi-2
£1,75003/250.38 mi-2
£1,80003/250.38 mi-2
£1,70002/240.38 mi-2
£1,92504/240.38 mi-2
£1,65005/240.38 mi-2
£1,85003/250.38 mi-2
£1,65005/240.38 miSpectrum Tower, 2-20 Hainault Street, Ilford, Essex, IG12
£2,00004/250.38 mi-2
£1,80002/240.38 miSpectrum Tower, 2-20 Hainault Street, Ilford, IG12
£2,10001/250.38 mi-2
£2,20012/240.39 mi-2
£2,30004/240.39 miCityview Centreway Apartments, Ilford, IG12
£1,80003/250.39 mi-2
£1,72501/250.39 mi-2
£2,00012/240.39 mi-2
£1,72512/240.39 mi-2
£1,80003/250.39 mi-2
£1,95003/250.39 mi-2
£1,90004/250.39 mi-2
£1,85004/250.39 mi-2

Local Area Statistics

Population in IG1

63,569

Population in Ilford

181,468

Town centre distance

0.99 miles away

Nearest school

0.20 miles away

Nearest train station

0.46 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+7%

Sales demand

Buyer's market

Capital growth (5yrs)

+28%

Property History

Listed for £239,000

March 17, 2025

Floor Plans

Description

  • AUCTION SALE +
  • 15 April 2025 +
  • By order of a major housing association. +
  • EPC Rating - D +
  • To view: Mon 24/3 at 11:15am +

SUMMARY
AUCTION SALE 15 April 2025 - Long leasehold first floor flat requiring updating
Full vacant possession

DESCRIPTION
Long leasehold first floor flat requiring updating
Full vacant possession

3D Tour: Click Here

Location:
Situated on, well positioned for the amenities of Ilford town centre to the south. Transport options include local bus routes, road links via the A406, A13 and M11 and rail connections at Ilford rail or Gants Hill London Underground station. Recreational pursuits include Valentines Park and Wanstead Flats.

Accommodation (approx. 71 m2 / 762 sq ft):
Entrance hall, two bedrooms, reception room, kitchen, bathroom/WC

EPC rating: D

Council Tax Band: C

Lease: To be sold on a new 990 year lease at a peppercorn ground rent

To view: Mon 24/3 at 11:15am
No booking required - Please arrive at the time stated

Important Notice:
For each Lot, a contract documentation fee of £1,500 (inclusive of VAT) is payable to Barnard Marcus Auctions by the buyer. The seller may charge additional fees payable upon completion. If applicable, such fees are detailed within the Special Conditions of Sale. Buyers are deemed to bid in full knowledge of this.
The Guide Price quoted must not be relied upon by prospective purchasers as a valuation or assessment of value of the property. It is intended to provide purchasers with an indication of the region at which the reserve may be set at the time of going to press. The guide price may be subject to variation and interested parties are advised to make regular checks for variations and should be aware that the reserve price may be either below or above the quoted guide price.
Prospective purchasers should also be aware that the eventual sale price may be above or below the guide level dependent upon competition, and should therefore not presume the guide to be indicative of the final expected sale price or the price the property is available at.
When setting the guide price, the auctioneers have given consideration to the seller’s instructions in respect of their indicated reserve price at the time of instruction. The reserve price, (the level below which the property will not be sold), remains confidential between the seller and the auctioneer. The guide price therefore, is intended to indicate the region at which the reserve price is intended to be set. The seller will confirm their final reserve price close to the auction date and if appropriate the auctioneers may adjust the guide price to reflect this.
Whilst Barnard Marcus make every effort to ensure the safety and security of viewers at properties, we have not carried out a detailed Health & Safety inspection of properties in our auctions and cannot therefore guarantee the safety and security of viewers.
Prospective purchasers and bidders attend properties entirely at their own risk. Particular care should be taken when accessing cellars, attics, exterior grounds and outbuildings and boundaries. All non-conducted inspections of vacant sites should be made in daylight hours only and entry into such sites is entirely at the viewers risk.
1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. Photographs and Measurements: Some images may have been taken by a wide angled lens camera. These approximate room sizes are only intended as general guidance. You must verify the dimensions carefully before ordering carpets or any built-in furniture.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER SEQUENCE (UK) LIMITED NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.

1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. Photographs and Measurements: Some images may have been taken by a wide angled lens camera. These approximate room sizes are only intended as general guidance. You must verify the dimensions carefully before ordering carpets or any built-in furniture.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER SEQUENCE (UK) LIMITED NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.

Agent Details

Barnard Marcus, Hammersmith Auctions

020 3866 9305

Next Steps?

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