Latest Valuation
£520,000
ROCE
288%
Location
Ilford

Exclusive Heavily Discounted 3 Bed Terraced Property with a 288% ROCE

Any investor can maximize the strong capital appreciation of this freehold property and benefit built in equity from day 1.
Guide Price
£420,000

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Key Features

  • Terraced property
  • Below market value
  • Built in equity from day 1.
  • Excellent location
  • Rare opportunity

The Property

Sourced are delighted to present this exclusive heavily discounted 3 bed terraced property with a 288% ROCE.

This is a well-presented 4 bedroom terraced property in a sought after postcode for investors and occupiers alike.

The property currently tenanted for circa £2,000 per calendar month. However, there is potential to achieve higher rental income following a light refurbishment of the property.

Selling Office: Croydon

Planning Information

N/A

The Plan

This exclusive BTL opportunity guarantees ROCE of 288%.
The property is currently tenanted on a standard AST.
The property is available at significantly below market value leading to strong capital appreciation.

Any investor can maximize the strong capital appreciation of this freehold property and benefit from day 1 built-in equity in a sought after location.

The Financials:

Purchase price: £420,000
Current value: £520,000
GDV: £550,000
Refurb cost: £10,000
Rental income: £25,200 pa
Profit: £63,597.50
ROCE: 288%

The Location

The IG postcode area, also known as the Ilford postcode area, is a group of 11 postcodes, within 6 post towns.

These cover parts of eastern Greater London and south-west Essex.

Average estimated value for a house in IG5 0DE

£

House prices around IG5 0DE:

Properties around IG5 0DE had an overall average price of £537,500 over the last year.

The majority of sales around IG5 0DE during the last year were terraced properties, selling for an average price of £499,375. Semi-detached properties sold for an average of £613,750.

Overall, sold prices around IG5 0DE over the last year were 3% up on the previous year and 3% down on the 2017 peak of £556,818.

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