3 Bed Terraced House, Refurb/BRRR, Ilford, IG1 2ER, £450,000

Thornton Road, Ilford, IG1 2ER - 2 views - 20 days ago

Refurb/BRRR
ROI: 4%
~93 m²
+4 photos

ValuationOvervalued

Sold Prices£202K - £580K
Sold Prices/m²£2.5K/m² - £7.4K/m²

 

 

Square Metres

~93 m²
Price/m²£4.8K/m²

Value Estimate

£438,192

 

 

End Value (After Refurb)

£438,108

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£112,500

Stamp Duty & Legal Fees

£33,700

Refurb Costs

£49,200

Bridging Loan Interest

£11,813

Total Cash In

£208,963

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£438,108

Mortgage (After Refinance)

£328,581

Mortgage LTV

75%

Cash Left In

£208,963

Equity

£109,527

Rent Range

£1,850 - £3,500

Rent Estimate

£2,580

Running Costs/mo

£1,905

Cashflow/mo

£675

Cashflow/yr

£8,099

ROI

4%

Gross Yield

7%

Local Sold Prices

50 sold prices from £202K to £580K, average is £410K. £2.5K/m² to £7.4K/m², average is £4.7K/m².

PriceDateDistanceAddressBeds 
£405K06/230 mi15, Thornton Road, Ilford, Greater London IG1 2ER3
£245.6K06/210.06 mi60, Sandyhill Road, Ilford, Greater London IG1 2ET3
£425K06/230.06 mi43, Sandyhill Road, Ilford, Greater London IG1 2ET3
£405K03/230.06 mi57, Sandyhill Road, Ilford, Greater London IG1 2ET3
£420K11/200.07 mi11, Eltisley Road, Ilford, Greater London IG1 2EP3
£420K11/200.08 mi11, Eltisley Road, Ilford, Greater London IG1 2EP3
£450K03/210.17 mi29, Cecil Road, Ilford, Greater London IG1 2EW3
£370K06/230.18 mi185, Grantham Road, London, Greater London E12 5NB3
£360K02/210.22 mi173, Walton Road, London, Greater London E12 5RN3
£435K03/230.22 mi115, Grantham Road, Manor Park, London, Greater London E12 5LZ3
£408K02/210.3 mi9, Dore Avenue, London, Greater London E12 6JT3
£285K06/210.33 mi104, Landseer Avenue, London, Greater London E12 6HR3
£430K02/210.34 mi23, Mortlake Road, Ilford, Greater London IG1 2SX3
£410K05/210.35 mi136, Dersingham Avenue, London, Greater London E12 5QG3
£350K07/230.35 mi68, Hunter Road, Ilford, Greater London IG1 2NW3
£350K09/210.37 mi104, Grange Road, Ilford, Greater London IG1 1EX3
£540K06/210.38 mi245, Sheringham Avenue, London, Greater London E12 6HJ3
£375K06/210.39 mi22, Azalea Close, Ilford, Greater London IG1 2BF3
£202K01/210.41 mi68, Sheringham Avenue, London, Greater London E12 5PA3
£382K11/200.41 mi31, Eton Road, Ilford, Greater London IG1 2UD3
£391K11/200.41 mi69, Eton Road, Ilford, Greater London IG1 2UD3
£517.5K04/210.41 mi51, Bedford Road, Ilford, Greater London IG1 1EL3
£410K03/210.42 mi39, Jasmine Close, Ilford, Greater London IG1 2BS3
£580K12/220.43 mi2, Tylehurst Gardens, Ilford, Greater London IG1 2QL3
£420K03/230.43 mi6, Norman Road, Ilford, Greater London IG1 2NG3
£445K11/200.44 mi367, Dersingham Avenue, London, Greater London E12 6JX3
£490K03/230.44 mi109, Little Ilford Lane, London, Greater London E12 5PN3
£475K10/220.44 mi35, Elsenham Road, London, Greater London E12 6JZ3
£500K01/210.45 mi42, Vine Gardens, Ilford, Greater London IG1 2QJ3
£367.5K12/200.45 mi12, Eton Road, Ilford, Greater London IG1 2UE3
£560K07/230.45 mi30, Elstree Gardens, Ilford, Greater London IG1 2QQ3
£407K01/210.46 mi16, St Winefrides Avenue, London, Greater London E12 6HQ3
£410K04/210.46 mi28, Little Ilford Lane, London, Greater London E12 5PW3
£435K11/210.47 mi149, Hampton Road, Ilford, Greater London IG1 1PR3
£420K06/210.47 mi15, Elsenham Road, London, Greater London E12 6JZ3
£415K04/210.47 mi6, Trevelyan Avenue, London, Greater London E12 5PL3
£375K08/210.47 mi2, Bluebell Way, Ilford, Greater London IG1 2JH3
£370K10/200.48 mi41, Saxon Road, Ilford, Greater London IG1 2PB3
£457K01/210.48 mi93, Seventh Avenue, London, Greater London E12 5JJ3
£412K06/210.49 mi56, Rectory Road, London, Greater London E12 6JA3
£395K06/210.49 mi56, Rectory Road, London, Greater London E12 6JA3
£260K03/210.5 mi17, Fairway Gardens, Ilford, Greater London IG1 2QG3
£387K10/210.5 mi26, Barrington Road, London, Greater London E12 6JH3
£400K05/230.51 mi458, Ilford Lane, Ilford, Greater London IG1 2NF3
£450K02/210.51 mi120, Sixth Avenue, London, Greater London E12 5PU3
£410K06/210.52 mi51, Chesterford Road, London, Greater London E12 6LD3
£360K04/210.52 mi47, Roman Road, Ilford, Greater London IG1 2NZ3
£433K04/210.53 mi118, Richmond Road, Ilford, Greater London IG1 1JX3
£520K06/210.53 mi74, Richmond Road, Ilford, Greater London IG1 1JZ3
£445K11/200.55 mi34, Fairfield Road, Ilford, Greater London IG1 2JL3

Local Rents

27 rents from £1.9K/mo to £3.5K/mo, average is £2.5K/mo.

RentDateDistanceAddressBeds 
£2,35004/240.03 miThornton Road, IG13
£2,60002/250.18 mi-3
£2,65003/250.18 mi-3
£2,65004/240.21 mi-3
£2,50003/250.22 mi-3
£2,75003/240.22 miGrantham Road, E123
£1,85003/240.23 miBritannia Road, Ilford, IG13
£2,40003/250.31 mi-3
£2,35004/240.32 miRiverdene Road, Ilford, IG13
£2,35012/240.32 mi-3
£2,50003/250.33 mi-3
£2,20003/240.33 miBedford Road, IG13
£3,50004/240.35 miDersingham Avenue, London, E123
£2,40004/240.35 mi-3
£3,00003/250.37 mi-3
£3,10002/240.4 miIlford Hill, Ilford, London, IG13
£3,10004/240.4 miOrchestra House, Ilford, IG13
£2,90012/240.4 miIlford Hill, Ilford, London, IG13
£3,00002/250.42 mi-3
£2,40012/240.43 mi-3
£2,35012/240.45 mi-3
£3,10004/240.47 mi-3
£2,20004/240.47 miBluebell Way, Ilford, Essex, IG13
£2,30004/240.5 miBluebell Way, Ilford3
£2,65005/240.53 mi-3
£2,10004/240.6 mi-3
£2,30001/250.6 mi-3

Local Area Statistics

Population in IG1

63,569

Population in Ilford

181,468

Town centre distance

1.90 miles away

Nearest school

0.30 miles away

Nearest train station

0.48 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+7%

Sales demand

Buyer's market

Capital growth (5yrs)

+28%

Property History

Listed for £450,000

March 18, 2025

Floor Plans

Description

  • THREE BEDROOM FAMILY HOME +
  • CHAIN FREE +
  • IN NEED OF MODERNISATION +
  • TWO RECEPTION ROOMS +
  • POTENTIAL TO BE EXTENDED +
  • LESS THAN ONE MILE TO ILFORD TFL RAIL AND ELIZABETH LINE STATION +
  • IDEAL FOR INVESTORS +
  • IDEAL FOR FIRST TIME BUYERS +
  • PERFECT TO PUT YOUR OWN STAMP ON +

Brian Thomas Estate Agents present the opportunity to acquire this CHAIN-FREE three bedroom family home located less than one mile from Ilford TFL Rail and Elizabeth Line Station. In need of modernisation throughout, this property is ideal for investors or first time buyers to put their own stamp on!

The ground floor of the property comprises two separate reception rooms and the kitchen leading to the rear garden. Three bedrooms and the family bathroom are situated on the first floor of the property. The property further benefits from the vast potential to be extended on the ground and second floors.

This chain-free property is located off the popular Ilford Lane where local shops, supermarkets and restaurants are within walking distance. The property is also located less than one mile to Ilford TFL Rail and Elizabeth Line Station, allowing convenient access into The City and beyond.

Accommodation

RECEPTION 1 - 4.5m x 3.4m

RECEPTION 2 - 3.9m x 3.2m

KITCHEN - 2.9m x 1.9m

BEDROOM 1 - 4.3m x 3.3m

BEDROOM 2 - 3.9m x 3.3m

BEDROOM 3 - 2.5m x 1.9m

FAMILY BATHROOM - 2.1m x 1.9m

REAR GARDEN - approximately 40ft

Agent Details

Brian Thomas Estate Agents, Seven Kings

020 3835 6491

Next Steps?

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