4 Bed Semi-Detached House, Refurb/BRRR, Ilford, IG1 3JE, £650,000

The Drive, Ilford, IG1 3JE - 3 views - a month ago

Refurb/BRRR
Planning
ROI: 1%
~129 m²
+10 photos

ValuationOvervalued

Sold Prices£435K - £985K
Sold Prices/m²£3.5K/m² - £7.9K/m²

 

 

Square Metres

~129.26 m²
Price/m²£5K/m²

Value Estimate

£634,138

 

 

End Value (After Refurb)

£651,219

Uplift in Value

+0%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£162,500

Stamp Duty & Legal Fees

£56,200

Refurb Costs

£68,381

Bridging Loan Interest

£17,063

Total Cash In

£305,894

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£651,219

Mortgage (After Refinance)

£488,415

Mortgage LTV

75%

Cash Released

£915

Cash Left In

£304,979

Equity

£162,805

Rent Range

£850 - £8,000

Rent Estimate

£2,760

Running Costs/mo

£2,607

Cashflow/mo

£153

Cashflow/yr

£1,835

ROI

1%

Gross Yield

5%

Local Sold Prices

50 sold prices from £435K to £985K, average is £690K. £3.5K/m² to £7.9K/m², average is £4.9K/m².

PriceDateDistanceAddressBeds 
£800K01/210.05 mi115, The Drive, Ilford, Greater London IG1 3JD4
£800K06/210.07 mi26, Rochester Gardens, Ilford, Greater London IG1 3LZ4
£900K09/210.07 mi30, Rochester Gardens, Ilford, Greater London IG1 3LZ4
£715K03/210.07 mi6, Chichester Gardens, Ilford, Greater London IG1 3NB4
£680K04/210.08 mi11, Chichester Gardens, Ilford, Greater London IG1 3NB4
£836K08/220.09 mi4, Exeter Gardens, Ilford, Greater London IG1 3LA4
£855K02/230.09 mi6, Exeter Gardens, Ilford, Greater London IG1 3LA4
£750K10/200.09 mi12, Chelmsford Gardens, Ilford, Greater London IG1 3ND4
£825K03/230.11 mi25, Lincoln Gardens, Ilford, Greater London IG1 3NF4
£838K02/220.11 mi91, The Drive, Ilford, Greater London IG1 3JB4
£750K03/230.12 mi67, Vaughan Gardens, Ilford, Greater London IG1 3PB4
£670K08/210.14 mi84, St Georges Road, Ilford, Greater London IG1 3PQ4
£675K03/230.15 mi10, Highlands Gardens, Ilford, Greater London IG1 3LD4
£710K02/220.2 mi385, Wanstead Park Road, Ilford, Greater London IG1 3TT4
£500K11/200.24 mi4, Cowley Road, Ilford, Greater London IG1 3JL4
£690K05/220.26 mi6, Ely Gardens, Ilford, Greater London IG1 3NQ4
£600K03/230.27 mi67, Sackville Gardens, Ilford, Greater London IG1 3LJ4
£760K01/230.29 mi11, Clarendon Gardens, Ilford, Greater London IG1 3JN4
£750K01/230.32 mi52, Wanstead Lane, Ilford, Greater London IG1 3SD4
£800K06/210.32 mi26, Rochester Gardens, Ilford, Greater London IG1 3LZ4
£715K06/210.33 mi18, Endsleigh Gardens, Ilford, Greater London IG1 3EH4
£675K05/230.35 mi21, Devonport Gardens, Ilford, Greater London IG1 3QQ4
£540K04/210.35 mi8, Preston Gardens, Ilford, Greater London IG1 3QG4
£630K07/230.35 mi4, Preston Gardens, Ilford, Greater London IG1 3QG4
£775K10/200.36 mi293, The Drive, Ilford, Greater London IG1 3PN4
£860K03/210.39 mi11, Bethell Avenue, Ilford, Greater London IG1 4UX4
£960K02/210.4 mi11, Holcombe Road, Ilford, Greater London IG1 4XF4
£890K12/200.4 mi28, Emerson Road, Ilford, Greater London IG1 4XA4
£985K12/210.41 mi13, Holcombe Road, Ilford, Greater London IG1 4XF4
£730K06/210.41 mi20, Wakefield Gardens, Ilford, Greater London IG1 3SJ4
£690K08/210.44 mi208, Eastern Avenue, Ilford, Greater London IG4 5AB4
£675K11/200.5 mi74, Courtland Avenue, Ilford, Greater London IG1 3DP4
£675K11/200.5 mi74, Courtland Avenue, Ilford, Greater London IG1 3DP4
£575K06/210.52 mi123b, Wanstead Lane, Ilford, Greater London IG1 3SP4
£585K06/230.52 mi187, Eastern Avenue, Ilford, Greater London IG4 5AW4
£610K03/210.53 mi109, Wanstead Lane, Ilford, Greater London IG1 3SP4
£890K11/210.54 mi26, Ellesmere Gardens, Ilford, Greater London IG4 5DA4
£450K03/230.55 mi171, Wanstead Park Road, Ilford, Greater London IG1 3TN4
£600K03/230.56 mi38, Windermere Gardens, Ilford, Greater London IG4 5BZ4
£640K10/220.56 mi20, Windermere Gardens, Ilford, Greater London IG4 5BZ4
£560K04/230.57 mi67, Danehurst Gardens, Ilford, Greater London IG4 5HG4
£690K03/210.57 mi11, Danehurst Gardens, Ilford, Greater London IG4 5HG4
£580K01/210.59 mi14, Bramley Crescent, Ilford, Greater London IG2 6DA4
£652.5K03/210.6 mi154, Redbridge Lane East, Ilford, Greater London IG4 5BT4
£649.3K10/220.61 mi158, Redbridge Lane East, Ilford, Greater London IG4 5BT4
£750K07/210.63 mi50, Redbridge Lane East, Ilford, Greater London IG4 5EX4
£605K11/220.63 mi108, Redbridge Lane East, Ilford, Greater London IG4 5BX4
£751K09/210.64 mi20, Wycombe Road, Ilford, Greater London IG2 6UT4
£435K06/210.64 mi76, Westbury Road, Ilford, Greater London IG1 3BW4
£687.5K03/210.67 mi8, Falmouth Gardens, Ilford, Greater London IG4 5JU4

Local Rents

50 rents from £850/mo to £8K/mo, average is £2.6K/mo.

RentDateDistanceAddressBeds 
£2,35004/240.1 miGloucester Court, The Drive, Ilford IG13
£2,30002/250.15 mi-3
£2,70003/250.18 mi-3
£8,00004/250.2 mi-8
£2,40005/240.22 mi-3
£3,50012/240.25 mi-6
£85012/240.25 mi-5
£2,75005/240.27 mi-4
£3,00003/250.29 mi-3
£2,90004/240.29 mi-4
£2,97512/240.3 mi-4
£3,00005/240.3 miCranbrook Rise, Ilford, IG14
£3,00005/240.31 miCranbrook Rise, Ilford, Redbridge, Essex, IG14
£2,80002/250.31 mi-4
£2,97512/240.35 miSeymour Gardens, Ilford, Essex. IG14
£2,00012/240.37 mi-3
£2,99505/240.39 miBethell Avenue, Valentines Park5
£2,00012/240.4 mi-3
£3,40004/240.43 mi-4
£2,60004/240.44 mi-3
£2,60004/240.45 miCarlisle Gardens, Ilford, London, IG13
£2,20005/240.45 miBeehive Lane, Ilford, IG13
£2,20012/240.45 mi-3
£2,20005/240.46 miBeehive Lane, Gantshill, Essex, IG13
£2,15004/240.46 mi-3
£2,40003/250.47 mi-3
£2,60004/250.5 mi-3
£2,20012/240.51 mi-3
£2,05012/240.51 mi-3
£2,20003/240.51 mi-3
£2,02502/250.51 mi-3
£2,70003/250.52 mi-4
£2,70004/250.52 mi-4
£2,80004/250.52 mi-3
£2,80004/250.52 mi-3
£2,55002/250.52 mi-3
£3,40001/250.53 mi-4
£2,50004/240.55 miRoyeston Gardens, Ilford, IG13
£2,50005/240.55 mi-3
£2,50005/240.56 miStudley Drive, Ilford, IG43
£2,00004/250.57 mi-3
£1,60003/240.58 miEmpress Avenue, Ilford, IG13
£2,00012/240.58 mi-3
£2,50004/250.59 mi-3
£2,90001/250.59 mi-4
£2,20005/240.59 mi-3
£2,40005/240.59 miWanstead Park Road, Ilford3
£2,75002/250.61 mi-3
£5,00012/240.61 mi-6
£4,95004/250.61 mi-3

Local Area Statistics

Population in IG1

63,569

Population in Ilford

181,468

Town centre distance

1.26 miles away

Nearest school

0.20 miles away

Nearest train station

0.62 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+7%

Sales demand

Buyer's market

Capital growth (5yrs)

+28%

Property History

Listed for £650,000

March 25, 2025

Floor Plans

Description

  • Four Bedroom Semi Detached +
  • Two Reception Rooms +
  • Ground Floor WC +
  • Off Street Parking & Side Access +
  • Approx. 60ft Rear Garden +
  • Blank Canvas +
  • Ilford, Gants Hill & Redbridge Stations +
  • Valentines Park +
  • Outstanding School Catchment +
  • No Onward Chain +

Guide Price £650,000 - £700,000

A rare and exciting opportunity to transform this charming four-bedroom home into your dream residence, situated on one of North Ilford’s most sought-after roads—‘The Drive.’ Properties in this stretch set back on The Drive seldom come to market, making this an unmissable chance to secure a home with great potential in a prime location.

Having been cherished by the same family for many years, this house is filled with character, warmth, and history, offering a bright and airy feel throughout. While it does require extensive renovation, it provides a blank canvas for buyers eager to put their own stamp on a property and create a truly special family home.

The ground floor boasts a spacious and well-proportioned layout, featuring two large reception rooms and original features, a generous kitchen/breakfast room, and a convenient ground-floor WC. There is excellent potential to extend across the rear (subject to planning permission), further enhancing the living space to suit modern family needs.

The first floor continues to impress with three bright and spacious bedrooms, a family bathroom, and a separate WC. From the landing, a staircase leads to the second-floor loft conversion, where you'll find a well-sized fourth bedroom complete with an ensuite shower room—ideal for a private master retreat or guest accommodation.

Externally, the property benefits from a rear garden of approximately 60ft, offering plenty of space for outdoor entertaining, landscaping, or future extensions. Side access adds extra convenience, while off-street parking at the front ensures practicality for modern living.

Location is everything, and this home does not disappoint. Nestled in the heart of North Ilford, it is set back on ‘The Drive,’ a prestigious tree-lined road known for its exclusivity and family-friendly atmosphere. With outstanding schools nearby, including excellent primary and secondary options, as well as the beautiful open spaces of Valentines Park just a short stroll away, it’s an ideal setting for family life. Commuters will appreciate the fantastic transport links, with Ilford, Gants Hill, and Redbridge stations all within easy reach, providing quick access to central London via the Elizabeth Line and Central Line.

This is a rare opportunity to purchase a home with incredible potential in a truly desirable location. Whether you're looking to restore its original charm, modernize it to your taste, or extend and transform the space, this property offers limitless possibilities. Don’t miss the chance to make it your own!

Agent Details

haart, Ilford

020 3840 3859

Next Steps?

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