3 Bed Flat, Refurb/BRRR, Ilford, IG6 2BS, £350,000

Hatfield Close, Ilford, Essex, IG6 2BS - a month ago

Leasehold

Refurb/BRRR

ROI: 2%

~93 m²

+5 photos

ValuationUndervalued

Sold Prices	£90K - £1.8M
Sold Prices/m²	£1.1K/m² - £10.2K/m²

Square Metres	~93 m²
Price/m²	£3.8K/m²
Value Estimate	£360,500£360,500
BMV	3%

End Value (After Refurb)	£495,530£495,530
Uplift in Value	+42%+42%

Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (25%)	£87,500£87,500
Stamp Duty & Legal Fees	£23,700£23,700
Refurb Costs	£49,200£49,200
Bridging Loan Interest	£9,188£9,188
Total Cash In	£171,338£171,338

Cash Out
Monetisation	FlipRefinance & RentFlip
Estimated Sale Price	£495,530£495,530
Agent Fees (1%)	£4,955£4,955
Bridging Loan	£262,500£262,500
Bridging Loan Interest	£9,188£9,188
Flip Profit	£56,738£56,738

Local Sold Prices

50 sold prices from £90K to £1.8M, average is £400K. £1.1K/m² to £10.2K/m², average is £5.1K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£320K	11/21	0.54 mi	1, Marlowe Close, Ilford, Greater London IG6 2LP	£6,154	52	3	Flat
£354K	11/22	0.56 mi	1, Barnardo Drive, Ilford, Greater London IG6 1EZ	£4,431	80	3	Flat
£740K	11/22	0.86 mi	Flat 9, The Manor, Regents Drive, Woodford Green, Greater London IG8 8RT	-	-	3	Flat
£90K	05/23	0.87 mi	256a, Tomswood Hill, Ilford, Greater London IG6 2QS	£1,080	83	3	Flat
£775K	03/21	0.94 mi	Flat 3, Goldsmith House, Brandesbury Square, Woodford Green, Greater London IG8 8RL	-	-	3	Flat
£807.5K	04/21	0.96 mi	Flat 18, Sutherland House, Rosebury Square, Woodford Green, Greater London IG8 8NS	-	-	3	Flat
£335K	06/21	1.19 mi	39, Claybury Road, Woodford Green, Greater London IG8 8JE	£4,589	73	3	Flat
£570K	05/22	1.19 mi	153, Quebec Road, Ilford, Greater London IG2 6AP	£7,724	74	3	Flat
£342K	06/21	1.2 mi	66, Roding Lane North, Woodford Green, Greater London IG8 8NN	£5,700	60	3	Flat
£1.8M	01/21	1.22 mi	45, Stradbroke Drive, Chigwell, Essex IG7 5RA	£7,725	233	3	Flat
£350K	01/21	1.69 mi	Flat 18, Old Mill Court, Chigwell Road, London, Greater London E18 1NJ	-	-	3	Flat
£366.5K	01/23	1.7 mi	Flat 22, Old Mill Court, Chigwell Road, London, Greater London E18 1NJ	-	-	3	Flat
£290K	07/23	1.81 mi	54, Friars Close, Ilford, Greater London IG1 4AZ	£3,867	75	3	Flat
£435K	03/21	2.02 mi	94, Pulteney Road, London, Greater London E18 1PS	£10,168	43	3	Flat
£495K	11/20	2.05 mi	64b, Eastwood Road, London, Greater London E18 1BU	-	-	3	Flat
£785K	10/21	2.07 mi	Flat 5, Langham House, Makepeace Road, London, Greater London E11 1UX	-	-	3	Flat
£515K	10/20	2.12 mi	26, The Bowls, Chigwell, Essex IG7 6NB	£3,902	132	3	Flat
£565K	01/21	2.12 mi	14, The Bowls, Chigwell, Essex IG7 6NB	£4,556	124	3	Flat
£362K	09/21	2.14 mi	Flat 24, Oakhall Court, Harrier Avenue, London, Greater London E11 2JF	-	-	3	Flat
£315K	11/21	2.14 mi	16, Kingswood Road, Ilford, Greater London IG3 8UE	£4,632	68	3	Flat
£328K	06/21	2.15 mi	34, Tamar Square, Woodford Green, Greater London IG8 0EA	£3,600	91	3	Flat
£375K	02/21	2.15 mi	48, Tamar Square, Woodford Green, Greater London IG8 0EA	£4,402	85	3	Flat
£380K	06/21	2.15 mi	53, Tamar Square, Woodford Green, Greater London IG8 0EA	£4,634	82	3	Flat
£363.6K	08/21	2.15 mi	39, Tamar Square, Woodford Green, Greater London IG8 0EA	£4,435	82	3	Flat
£607.5K	03/21	2.17 mi	49, The Bowls, Chigwell, Essex IG7 6ND	£5,063	120	3	Flat
£430K	05/21	2.18 mi	39a, Lansdowne Road, London, Greater London E18 2BA	-	-	3	Flat
£370K	01/23	2.19 mi	6, Croft Lodge Close, Woodford Green, Greater London IG8 0DU	£5,873	63	3	Flat
£450K	11/22	2.21 mi	19, Silver Mead, London, Greater London E18 2TH	£6,122	74	3	Flat
£410K	10/21	2.22 mi	11, Croft Lodge Close, Woodford Green, Greater London IG8 0DU	£5,190	79	3	Flat
£380K	06/21	2.22 mi	17, Croft Lodge Close, Woodford Green, Greater London IG8 0DU	£4,130	92	3	Flat
£497.1K	03/23	2.23 mi	48, Beechwood Park, London, Greater London E18 2EQ	£7,174	69	3	Flat
£537K	02/23	2.25 mi	Flat 30, Eagle Court, Hermon Hill, Wanstead, London, Greater London E11 1PD	-	-	3	Flat
£475K	04/23	2.26 mi	43, Beechwood Park, London, Greater London E18 2EH	£5,523	86	3	Flat
£500K	06/21	2.29 mi	Flat 83, Hermitage Court, Woodford Road, London, Greater London E18 2EP	-	-	3	Flat
£500K	11/20	2.29 mi	Flat 81, Hermitage Court, Woodford Road, London, Greater London E18 2EP	-	-	3	Flat
£372.5K	02/21	2.33 mi	23, Woodleigh, London, Greater London E18 2RF	£6,422	58	3	Flat
£253K	08/23	2.33 mi	53, Reynolds Court, Romford, Greater London RM6 5PJ	£4,081	62	3	Flat
£455K	07/21	2.33 mi	68, Malcolm Way, London, Greater London E11 1PW	£6,691	68	3	Flat
£435K	03/23	2.34 mi	Flat 88, Malford Court, The Drive, London, Greater London E18 2HT	-	-	3	Flat
£485K	03/21	2.34 mi	Flat 34, Malford Court, The Drive, London, Greater London E18 2HR	-	-	3	Flat
£235K	08/21	2.44 mi	62, Padnall Court, Chadwell Heath, Romford, Greater London RM6 5HS	-	-	3	Flat
£250K	12/22	2.44 mi	64, Padnall Court, Chadwell Heath, Romford, Greater London RM6 5HS	£3,788	66	3	Flat
£364.5K	06/21	2.46 mi	36, Arundel Gardens, Ilford, Greater London IG3 9SX	£5,625	65	3	Flat
£475K	03/21	2.46 mi	28, Clementine Walk, Woodford Green, Greater London IG8 9GT	-	-	3	Flat
£390K	11/22	2.46 mi	29, Clementine Walk, Woodford Green, Greater London IG8 9GT	£4,815	81	3	Flat
£250K	12/20	2.48 mi	56, Daines Close, London, Greater London E12 5LQ	£5,952	42	3	Flat
£405K	03/21	2.51 mi	25, Hermitage Walk, London, Greater London E18 2BP	£5,870	69	3	Flat
£400K	01/21	2.56 mi	28, Audley Court, London, Greater London E18 2BZ	£5,333	75	3	Flat
£388K	12/20	2.6 mi	49, Rivenhall Gardens, London, Greater London E18 2BU	£4,974	78	3	Flat
£400K	05/23	2.78 mi	5, Parkmore Close, Woodford Green, Greater London IG8 0SJ	-	-	3	Flat

Local Rents

52 rents from £1.9K/mo to £3K/mo, average is £2.3K/mo.

Rent	Date	Distance	Address	Beds	Type
£2,200	04/24	0.15 mi	Dunspring Lane, IG5	3	Terraced House
£2,000	06/24	0.19 mi	-	3	Semi-Detached House
£2,500	01/25	0.2 mi	-	3	Terraced House
£2,500	03/25	0.22 mi	-	3	Terraced House
£1,975	12/24	0.25 mi	-	3	Semi-Detached House
£1,975	12/24	0.25 mi	-	3	Semi-Detached House
£2,700	06/24	0.26 mi	-	3	Terraced House
£2,500	02/25	0.26 mi	-	3	Terraced House
£2,550	04/25	0.26 mi	-	3	Terraced House
£2,469	02/25	0.26 mi	-	3	Semi-Detached House
£2,300	05/24	0.28 mi	Longwood Gardens, Ilford, IG5	3	House
£2,200	02/25	0.29 mi	-	3	Terraced House
£2,250	02/25	0.29 mi	-	3	Terraced House
£2,250	02/25	0.29 mi	-	3	Terraced House
£2,500	06/24	0.29 mi	-	3	Semi-Detached House
£2,500	12/24	0.31 mi	-	3	Terraced House
£2,500	01/25	0.31 mi	-	3	Terraced House
£1,950	04/24	0.32 mi	Clifford Avenue, Ilford, London, IG5	3	Semi-Detached House
£2,100	05/24	0.33 mi	-	3	Flat
£2,100	04/24	0.33 mi	Longwood Gardens, East London, IG5	3	Flat
£2,500	04/24	0.35 mi	Baron Gardens, Ilford, IG6	3	Terraced House
£2,500	05/24	0.35 mi	-	3	Terraced House
£2,200	07/24	0.35 mi	Fairlop Road, Barkingside	3	Terraced House
£2,100	04/25	0.36 mi	-	3	Flat
£2,500	07/24	0.38 mi	-	3	Terraced House
£2,000	07/24	0.38 mi	Fairlop Road, Barkingside	3	Semi-Detached House
£2,100	07/24	0.39 mi	Sandringham Gardens, Barkingside	3	Terraced House
£2,000	08/24	0.39 mi	Sandringham Gardens, Barkingside	3	Terraced House
£2,000	08/24	0.4 mi	Sandringham Gardens, Barkingside	3	Terraced House
£2,400	07/24	0.44 mi	Cranbourne Gardens, IG6 1QF	3	Terraced House
£2,300	08/24	0.44 mi	Cranbourne Gardens, IG6 1QF	3	Terraced House
£2,250	02/25	0.45 mi	-	3	Terraced House
£2,250	03/25	0.45 mi	-	3	Terraced House
£1,890	12/24	0.45 mi	-	3	Flat
£2,200	06/24	0.46 mi	-	3	Terraced House
£2,200	06/24	0.46 mi	-	3	Flat
£2,395	02/25	0.47 mi	-	3	Terraced House
£2,200	07/24	0.47 mi	-	3	Detached House
£2,200	06/24	0.47 mi	Carrick Drive, Ilford, IG6	3	Detached House
£2,100	04/24	0.47 mi	Tomswood Court, Ilford, IG6	3	Flat
£2,850	07/24	0.48 mi	Craven Gardens, Ilford, IG6	3	Semi-Detached House
£2,850	08/24	0.48 mi	Craven Gardens, Ilford, IG6	3	Semi-Detached House
£2,600	08/24	0.48 mi	-	3	Semi-Detached House
£2,300	07/24	0.48 mi	Tanners Lane, Barkingside	3	Terraced House
£1,950	06/24	0.49 mi	-	3	Semi-Detached House
£1,950	06/24	0.49 mi	-	3	Semi-Detached House
£1,950	06/24	0.49 mi	Cumberland Close, Ilford, IG6	3	Semi-Detached House
£2,050	01/25	0.49 mi	-	3	Semi-Detached House
£2,650	10/24	0.5 mi	-	3	Terraced House
£3,000	04/24	0.52 mi	-	3	Terraced House
£2,800	12/24	0.52 mi	-	3	Terraced House
£1,900	05/24	0.53 mi	Little Gearies, Barkingside	3	Flat

Local Area Statistics

Population in IG6	27,82227,822
Population in Ilford	181,468181,468
Town centre distance	0.98 miles away0.98 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	0.72 miles away0.72 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+6%+6%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+24%+24%

Property History

Listed for £350,000

March 20, 2025

Floor Plans

Description

<b>OPEN HOUSE SATURDAY 5TH APRIL 2025</b> - by appointment only +
Large ground floor flat +
No onward chain +
Communal parking & gardens +
Ideally situated within short distance to Barkingside High Street +
Within catchment for Ilford County High School and Avanti Court School +

This large ground floor flat benefits from a sizeable lounge and kitchen. The development provides communal parking, communal gardens as well as your own shed for extra storage. This home is available with no onward chain and is ideal for those looking to make it their own as it is in need of some modernisation.

Room sizes:

Entrance Hall
Lounge /Diner: 16'3 x 12'2 (4.96m x 3.71m)
Kitchen/Breakfast Room: 13'5 x 9'2 (4.09m x 2.80m)
Bedroom 1: 15'4 x 9'4 (4.68m x 2.85m)
Bedroom 2: 12'3 x 8'6 (3.74m x 2.59m)
Bedroom 3: 8'9 x 7'9 (2.67m x 2.36m)
Bathroom
Communal Garden
Communal Parking
The information provided about this property does not constitute or form part of an offer or contract, nor may it be regarded as representations. All interested parties must verify accuracy and your solicitor must verify tenure/lease information, fixtures & fittings and, where the property has been extended/converted, planning/building regulation consents. All dimensions are approximate and quoted for guidance only as are floor plans which are not to scale and their accuracy cannot be confirmed. Reference to appliances and/or services does not imply that they are necessarily in working order or fit for the purpose.

We are pleased to offer our customers a range of additional services to help them with moving home. None of these services are obligatory and you are free to use service providers of your choice. Current regulations require all estate agents to inform their customers of the fees they earn for recommending third party services. If you choose to use a service provider recommended by Douglas Allen, details of all referral fees can be found at the link below. If you decide to use any of our services, please be assured that this will not increase the fees you pay to our service providers, which remain as quoted directly to you.

Agent Details

Douglas Allen, Covering Barkingside

020 3873 1509

Next Steps?

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