# 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

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.

## 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)