Sold Commercial Property

327 GREEN LANE

ILFORD, ILFORD, GREATER LONDON IG3 9TL

Listed 23 Jul 2008 (-6539d)

£550 pcm

Save

# Commercial property for rent (IG3 9TL)

## Property Details

| Key | Value |
|-----|-------|
| Address | 327 GREEN LANE, ILFORD, ILFORD, GREATER LONDON IG3 9TL |
| Price | £550 pcm |
| Last sold | £125,000 Aug 2006 |

## Description

Accommodation: Comprising a newly constructed single storey  premises, benefiting from having established (A2) planning consent.  The property also provides a kitchen & w/c facilities.  Approximate dimensions and floor areas are as follows:-

Depth						13''3"      		(4.04m)

Width						33''9" 			(10.29m)

Total area                          		450sq ft	           	(41.57m2)

Rent: £6,600 per annum exclusive payable quarterly in advance.

Lease:	A new Full Repairing and Insuring lease, the terms of which are subject to negotiation OR Licence.

Rates: TBC

Legal Costs: Both parties reasonable legal costs incurred  in the transaction are to be paid by the ingoing tenant.

Viewing:  Strictly by prior arrangement via the landlords agent Nationwide Residential & Commercial on 08456 20 00 20.

## Property Photos

- ![Photo](/listings/photos/22403525/687597)
- ![Photo](/listings/photos/22403525/687598)
- ![Photo](/listings/photos/22403525/687599)
- ![Photo](/listings/photos/22403525/687600)
- ![Photo](/listings/photos/22403525/687601)

## Sales History

*Recorded sales for this property. Data from Land Registry Price Paid.*

| Address | Price | Date | Type |
|---------|-------|------|------|
| 327 GREEN LANE, ILFORD, REDBRIDGE, GREATER LONDON, IG3 9TL | £125,000 | 24/08/2006 | Flat |
| 327 GREEN LANE, ILFORD, REDBRIDGE, GREATER LONDON, IG3 9TL | £67,500 | 21/12/2001 | Terraced |
| 327 GREEN LANE, ILFORD, REDBRIDGE, GREATER LONDON, IG3 9TL | £68,000 | 16/03/1995 | Terraced |

## Sold Comparables

*Same street and nearby sales within 0.25 miles. Data from Land Registry Price Paid. Last 5 years.*

| Address | Price | Date | Type |
|---------|-------|------|------|
| 418 GREEN LANE, ILFORD, REDBRIDGE, GREATER LONDON, IG3 9JX | £3,000 | 05/02/2025 | Other |
| 422 GREEN LANE, ILFORD, REDBRIDGE, GREATER LONDON, IG3 9JX | £30,000 | 30/11/2023 | Other |
| 58 SEVEN KINGS ROAD, ILFORD, REDBRIDGE, GREATER LONDON, IG3 8DG | £8,500 | 23/12/2022 | Other |
| ELECTRIC PARADE 1A SEVEN KINGS ROAD, ILFORD, REDBRIDGE, GREATER LONDON, IG3 8BY | £385,000 | 13/07/2021 | Other |

**Area average:** £106,625 (4 sales)

## Price vs local average

*Outcode + property type (HousePrices, last 2 years).*

- **Local average:** £224,000 (2 Other, IG3, 2024–2026)
- **Deviation:** -99.8%

## Rental Range

*ONS Price Index of Private Rents (Redbridge). Low / Realistic / Optimistic = conservative / average / best case.*

- **Low:** £1,552/mo
- **Realistic:** £1,724/mo
- **Optimistic:** £1,896/mo

## LHA (Local Housing Allowance)

*VOA 30th percentile rent floor for Outer North East London (Apr 2025 – Mar 2026).*

## Rental Comparables

*Residential lets from OpenRent and Rightmove for the area. Bedroom counts vary — use the Beds column to compare like-for-like lets. Student lets are excluded.*

| Title | Rent | Beds | Distance | As seen on |
|------|------|------|------|------|
| 1 Bed Flat, Green Lane, IG3 | £1,700/mo | 1 | 0.04 miles | OpenRent |
| Studio Flat, Seven Kings, IG3 | £1,200/mo | 1 | 0.23 miles | OpenRent |
| 3 Bed Flat, Aldborough Rd. S, IG3 | £1,975/mo | 3 | 0.47 miles | OpenRent |
| Studio Flat, High Road, IG3 | £995/mo | 1 | 0.48 miles | OpenRent |
| 3 Bed Flat, Colenso Road, IG2 | £2,600/mo | 3 | 0.48 miles | OpenRent |
| Studio Flat, Henley Road, IG1 | £1,300/mo | 1 | 0.5 miles | OpenRent |

**Average rent: £1,628/mo (6 listings)**

## 1% Rule

- **Rent ratio:** 272.73% (strong)
- **Max investor price (0.8%):** £187,500
- **Target investor price (1%):** £150,000

*Monthly rent ÷ price. 1%+ = strong, 0.8–1% = okay, <0.8% = weak. Max investor price = rent ÷ 0.8% (Stoke-style target). Target investor price = rent ÷ 1% (strong cashflow band). Based on OpenRent comparables.*

## Rent-driven metrics

*Based on OpenRent comparables (median £1,500/mo).*

- **Gross yield:** 3272.7%
- **Monthly cashflow:** £1,323/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term)
- **Cash-on-cash ROI:** 9952.4%

*Gross yield = annual rent as % of price (no costs). Cashflow = rent − mortgage − 10% maintenance − £25/mo compliance; assumes 75% LTV, 3.95% APR (5yr fixed), 25yr term. ROI = annual profit ÷ cash in (deposit + 4% purchase costs).*

## House Price Index (HM Land Registry)

*Official index for Redbridge; All dwelling types series; as of March 2026.*

- **1y growth (index):** 0.3%
- **5y growth (index):** 14.3%
- **10y growth (index):** 31.4%

## Flood risk

- **Zone:** 1
- **Risk:** Low
- **Source:** Job (default Low)

[Check long-term flood risk (GOV.UK)](https://check-long-term-flood-risk.service.gov.uk/postcode)

Photo 1 Photo 2 Photo 3 Photo 4 Photo 5

/ 5

Property details

Last sold

£125,000 Aug 2006

Local average

£224,000 (-99.8%)

Deprivation

Decile 3 (9,573 of 33,755)

Street crime

740 incidents within 1 mile (Apr 2026)

Description

Location: The property is situated towards the Northern side of Green Lane and to the rear of a well established and much sought after parade of shops. Both Seven Kings train Station and local amenities are a short walk away.

Accommodation: Comprising a newly constructed single storey premises, benefiting from having established (A2) planning consent. The property also provides a kitchen & w/c facilities. Approximate dimensions and floor areas are as follows:-

Depth 13''3" (4.04m)
Width 33''9" (10.29m)
Total area 450sq ft (41.57m2)

Rent: £6,600 per annum exclusive payable quarterly in advance.

Lease: A new Full Repairing and Insuring lease, the terms of which are subject to negotiation OR Licence.

Rates: TBC

Legal Costs: Both parties reasonable legal costs incurred in the transaction are to be paid by the ingoing tenant.

Viewing: Strictly by prior arrangement via the landlords agent Nationwide Residential & Commercial on 08456 20 00 20.

Listed by

Ilford

Nationwide Residential & Commercial

Reference: 22403525

Flood risk

Zone: 1

Risk: Low

Job (default Low)

Price history

84% since 1995

Event	Date	Price	% change
Sold	24/08/2006 (19 years ago)	£125,000	+85.2%
Sold	21/12/2001 (24 years ago)	£67,500	-0.7%
Sold	16/03/1995 (31 years ago)	£68,000	—

Source: HM Land Registry Price Paid Data. Crown copyright.

Sold Comparables

Same street and nearby sales within 0.25 miles (last 5 years). Data from Land Registry Price Paid.

Address	Price	Date	Type
418 GREEN LANE, ILFORD, REDBRIDGE, GREATER LONDON, IG3 9JX	£3,000	05/02/2025	Other
422 GREEN LANE, ILFORD, REDBRIDGE, GREATER LONDON, IG3 9JX	£30,000	30/11/2023	Other
58 SEVEN KINGS ROAD, ILFORD, REDBRIDGE, GREATER LONDON, IG3 8DG	£8,500	23/12/2022	Other
ELECTRIC PARADE 1A SEVEN KINGS ROAD, ILFORD, REDBRIDGE, GREATER LONDON, IG3 8BY	£385,000	13/07/2021	Other

Area average: £106,625 (4 sales)

Capital growth trend

House Price Index (HM Land Registry — official index, not sold-price averages): Redbridge. Series: All dwelling types. As of March 2026.

1y (index) 0.3%

5y (index) 14.3%

10y (index) 31.4%

Rental Range

Estimated market rent for Redbridge. Low = conservative, Realistic = average, Optimistic = best case.

Low £1,552/mo

Realistic £1,724/mo

Optimistic £1,896/mo

Based on Local Authority from postcode lookup → Redbridge.

LHA (30th percentile) floor for Outer North East London: Apr 2025 – Mar 2026

Location

Map view View on Google Maps View on OpenStreetMap Street View IG3 9TL

Nearby

Nearest stations, universities and amenities (distance from property).

Type	Name	Distance
Shop	Magija	0.0 miles
Shop	Lets Go Nicks	0.0 miles
Bus stop	Seven Kings Road	0.1 miles
Train station	Seven Kings	0.2 miles
Train station	Goodmayes	0.7 miles
Hospital	Neonatal Unit, L1 Z2	3.7 miles
Hospital	Rainbow Ward	3.7 miles
University	Arden University Stratford Campus	4.8 miles
University	University of Greenwich	7.0 miles

Street-level crime

Category	Count
Violence and sexual offences	269
Anti-social behaviour	143
Shoplifting	61
Vehicle crime	59
Public order	45
Criminal damage and arson	36
Other theft	31
Burglary	28
Drugs	24
Theft from the person	18
Other crime	15
Robbery	6
Bicycle theft	4
Possession of weapons	1
Total incidents	740

Within 1 mile during Apr 2026. Source: data.police.uk (England & Wales).

Schools nearby

Nearest open schools with Ofsted ratings (England). Closed schools are not shown. Data from Get Information about Schools and Ofsted.

Name	Type	Distance	Ofsted
South Park Primary School	Primary	0.2 miles	Good — 19 Mar 2024
Ark Isaac Newton Academy	Other	0.2 miles	Outstanding — 4 Nov 2018
The Palmer Catholic Academy	Secondary	0.3 miles	Good — 7 Nov 2012
Oak House School	Other	0.3 miles	Good — 7 Dec 2023
Mayespark Primary School	Primary	0.5 miles	Good — 15 Jan 2024

Rental Comparables

Residential lets from OpenRent and Rightmove for the area. Bedroom counts vary — use the Beds column to compare like-for-like lets. Student lets are excluded.

Title	Rent	Beds	Distance	As seen on
1 Bed Flat, Green Lane, IG3	£1,700/mo	1	0.04 miles	OpenRent
Studio Flat, Seven Kings, IG3	£1,200/mo	1	0.23 miles	OpenRent
3 Bed Flat, Aldborough Rd. S, IG3	£1,975/mo	3	0.47 miles	OpenRent
Studio Flat, High Road, IG3	£995/mo	1	0.48 miles	OpenRent
3 Bed Flat, Colenso Road, IG2	£2,600/mo	3	0.48 miles	OpenRent
Studio Flat, Henley Road, IG1	£1,300/mo	1	0.5 miles	OpenRent

Average rent: £1,628/mo (6 listings)

Rent-driven metrics

Based on OpenRent comparables.

Rent ratio 272.73%

Max investor price (0.8%) £187,500

Target investor price (1%) £150,000

Gross yield 3272.7%

Monthly cashflow £1,323/mo 75% LTV, 3.95% APR (5yr fixed), 25yr term

Cash-on-cash ROI 9952.4%

Rent ratio — Monthly rent ÷ purchase price (1% rule). 1%+ = strong, 0.8–1% = okay, <0.8% = weak for cashflow.
Max investor price — Rent ÷ 0.8%; the price at which rent would be 0.8% of price (Stoke-style target).
Target investor price — Rent ÷ 1%; the price at which rent would be 1% of price (strong cashflow band).
Gross yield — Annual rent as % of purchase price (no costs).
Cashflow — Rent minus mortgage, 10% maintenance, £25/mo compliance. Assumes 75% LTV, 3.95% APR (5yr fixed), 25yr term.
ROI — Annual profit ÷ cash in (deposit + 4% purchase costs).