Calibre Estates says ..
Calibre Estates presents an excellent investment opportunity: a house converted into two residential flats. Both flats are currently let under assured shorthold tenancy agreements, generating a combined annual income of £39,600. Each flat features two double bedrooms, a bathroom, a separate ...
Property Oracle says ..
This four-bedroom, two-bathroom property located on Green Lane in Goodmayes, Ilford, is currently listed for £695,000. The listing highlights its potential as an investment opportunity due to its conversion into two flats with existing tenants generating rental income. The property’s proximity to multiple transport links (Seven Kings and Goodmayes stations) and several ‘Good’-rated schools adds value for potential owner-occupiers. However, the interior photos indicate a need for modernisation and potential repairs, particularly in the bathrooms and kitchen. The property appears to lack a significant garden. Compared to other properties in the immediate vicinity, the asking price seems somewhat ambitious, considering the condition and the limited external space. A thorough survey and assessment are recommended before committing to a purchase to account for potential renovation costs.
Therefore, we give this property 4 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *
- Price
- 6
- Condition
- 5
- Location
- 7
- Land
- 1
- Bedrooms
- 4
- Bathrooms
- 2
- Sqft (est)
- 861.11
The heatmap indicates the level of crime in the area. The color of the heatmap indicates the crime severity and recency.
Metrics Year-on-Year
- Average area value
- 401,622.00 £Decreased by 23.23 %
- Est sale value
- 511,499.34 £Decreased by 3.57 %
- Average area rental value
- 1,716.00 £/moDecreased by 0.52 %
- Est letting value
- 1,722.22 £/moUnchanged by 0.00 %
- Est rental Yield
- 5.13 %Increased by 29.55 %
- Crime Rate
- 6.00 %Unchanged by 0.00 %
Agent Activity
Calibre Estates created the listing.
Nearby Schools
| Name | Type | Ofsted | Distance |
|---|---|---|---|
| South Park Primary School | Community School | Good | 0.64 KM |
| Mayespark Primary School | Community School | Good | 0.70 KM |
| The Palmer Catholic Academy | Academy Converter | Good | 0.90 KM |
| Oak House School | Other Independent Special School | Good | 0.98 KM |
| Eastcourt Independent School | Other Independent School | Good | 1.01 KM |
Images
Nearby Streets
| Name | Average Price | Average Sqft | Distance |
|---|---|---|---|
| Granton Road | £ 0 | 0 | 0.00 KM |
| Holly Lane | £ 0 | 0 | 0.00 KM |
| Aldborough Road South | £ 300,000 | 0 | 0.00 KM |
| Seaton Avenue | £ 625,000 | 0 | 0.00 KM |
| South Park Drive | £ 700,000 | 0 | 0.00 KM |
Nearby Transport
| Name | NLC | TLC | Distance |
|---|---|---|---|
| Seven Kings | 6893 | SVK | 0.62 KM |
| Goodmayes | 6878 | GMY | 1.07 KM |
| Chadwell Heath | 6874 | CTH | 3.06 KM |
| Barking | 7492 | BKG | 3.38 KM |
| Ilford | 6881 | IFD | 3.59 KM |
Nearby Listings
| Address | Price | Type | Score | Distance |
|---|---|---|---|---|
| Green Lane, Ilford, Essex | £ 695,000 | BUY | 4 / 10 | 0.00 KM |
| Leamington Gardens, Ilford, London, IG3 | £ 650,000 | BUY | Unknown | 0.13 KM |
| Milverton Gardens, Seven Kings, Ilford | £ 625,000 | BUY | 6 / 10 | 0.14 KM |
| Kenilworth Gardens, Seven Kings, IG3 | £ 800,000 | BUY | Unknown | 0.16 KM |
| Charlbury Gardens, Ilford, IG3 | £ 545,000 | BUY | Unknown | 0.16 KM |
Nearby Properties
| Address | Price | Distance |
|---|---|---|
| 472a Green Lane | £ 161,000 | 0.00 KM |
| 470 Green Lane | £ 165,000 | 0.00 KM |
| 468a Green Lane | £ 59,995 | 0.00 KM |
| 476 Green Lane | £ 1,000 | 0.00 KM |
| 480 Green Lane | £ 241,000 | 0.00 KM |