Leicester Road, Wanstead, E11 2DW - 1 views - 2 months ago
Listed for £1,715,000
March 20, 2024
Sold for £590,000
2004
In need of some modernisation, this double fronted period home offers 3,375 square feet of accommodation over four floors. Located in the prestigious Counties Estate, this eight double bedroom period home offers incredible potential and further potential to extend (STPC).
The prestigious and highly sought after 'Counties Estate' is renowned for its characterful homes and peaceful setting within a conservation setting, and yet is within easy reach of all Wanstead's amenities including Snaresbrook and Wanstead stations (0.6 and 0.5 miles respectively) and vibrant High Street (0.4 miles) with its fantastic array of shops, cafes, and bars.
The home begins on approach with a beautiful double fronted façade, wide driveway and ornate, open porch. you enter the home via a central doorway into wide entrance hall, with two large receptions of approximately 20ft in depth either side; both of which retain high skirting, decorative central fireplaces and ornate plasterwork. Descending a short flight of stairs you gain access to a rear room overlooking the rear garden which is currently utilised as a sizeable study, and a contemporary kitchen leading to two further rooms offering pantry storage, utility space, downstairs W.C. There is opportunity to reconfigure the current layout by way of ground floor extension to create an amazing live-in family kitchen. Heading down yet another level you reach the basement floor offering a further two huge rooms of around 20ft in depth, one of which is currently used as a cinema room with lighting, electrics and bespoke fitted storage.
The first floor provides four double bedrooms - two smaller doubles and two exceptionally spacious larger double bedrooms. There is also a generous family bathroom with handy, additional W.C immediately outside. The second floor provides another four double bedrooms which again could be retained or re-imagined as a substantial master suite with dressing room and en-suite. There is also ample storage on this floor. The rear garden is mostly laid to lawn with a patio immediately outside offering entertaining space, with handy side access allowing for the easy removal of garden waste of storage of bikes.
Council Tax Band: G
EPC Rating: E45
Sitting Room - 6.15m x 3.61m -
Dining Room - 6.07m x 3.91m -
Study - 3.51m x 3.15m -
Kitchen - 4.42m x 3.3m -
Pantry/Utility Room - 3.4m x 2.44m -
Cinema Room - 5.82m x 3.43m -
Cellar Storage - 6.2m x 3.53m -
Bedroom One - 6.1m x 4.65m -
Bedroom Two - 5.23m x 4.6m -
Bedroom Three - 4.62m x 3.86m -
Bedrom Four - 4.55m x 3.81m -
Bedroom Five - 3.81m x 3.3m -
Bedroom Six - 3.63m x 3.28m -
Bedroom Seven - 3.81m x 3.3m -
Bedroom Eight - 3.61m x 3.2m -
Population in E11 | 55,128 |
Population in London | 4,771,921 |
Town centre distance | 6.93 miles away |
Nearest school | 0.30 miles away |
Nearest train station | 0.41 miles away |
| |
Rental demand | Landlord's market |
Rental growth (12m) | +4% |
Sales demand | Balanced market |
Capital growth (5yrs) | +20% |
Sold prices | £675K - £1.9M |
Sold prices/m² | £4,379/m² - £14,607/m² |
| |
Square metres | ~313.50 m² |
Price/m² | £5,470/m² |
Value estimate | £1,766,450 |
BMV | 3% |
| |
End value, after refurb | £2,440,821 |
Uplift in value | +42% |
50 sold prices
Price | Date | Distance | Address | Price/m² | m² | Beds | Type | |
£840K | 01/20 | 0.08 mi | 2, Warwick Road, London, Greater London E11 2DZ | £7,119 | 118 | 4 | Detached House | |
£1.2M | 12/22 | 0.09 mi | 17, Hereford Road, London, Greater London E11 2EA | - | - | 4 | Semi-Detached House | |
£1.1M | 12/20 | 0.11 mi | 28, Hereford Road, London, Greater London E11 2EA | £8,447 | 132 | 4 | Semi-Detached House | |
£975K | 02/21 | 0.15 mi | 8, Buckingham Road, Wanstead, London, Greater London E11 2EB | - | - | 4 | Semi-Detached House | |
£985K | 09/21 | 0.16 mi | 10, Limes Avenue, London, Greater London E11 2BP | £6,559 | 150 | 4 | Detached House | |
£1.9M | 07/21 | 0.16 mi | 22, Grove Park, London, Greater London E11 2DL | - | - | 4 | Detached House | |
£1.1M | 06/23 | 0.17 mi | 63, Cranbourne Avenue, London, Greater London E11 2BJ | - | - | 4 | Terraced House | |
£850K | 08/21 | 0.17 mi | 44, Cowley Road, London, Greater London E11 2HB | £7,589 | 112 | 4 | Terraced House | |
£1.2M | 02/22 | 0.18 mi | 1, The Avenue, London, Greater London E11 2EE | £7,081 | 173 | 4 | Detached House | |
£1.1M | 06/21 | 0.19 mi | 62, Buckingham Road, Wanstead, London, Greater London E11 2EB | £7,786 | 140 | 4 | Semi-Detached House | |
£912.8K | 02/21 | 0.21 mi | 58, Halstead Road, London, Greater London E11 2AZ | £9,608 | 95 | 4 | Terraced House | |
£931.6K | 01/21 | 0.21 mi | 76, Halstead Road, London, Greater London E11 2AZ | £8,172 | 114 | 4 | Terraced House | |
£950K | 03/21 | 0.25 mi | 31, Wellesley Road, London, Greater London E11 2HG | £11,296 | 84 | 4 | Terraced House | |
£675K | 11/21 | 0.25 mi | 45, Deynecourt Gardens, London, Greater London E11 2BT | - | - | 4 | Semi-Detached House | |
£910K | 12/22 | 0.26 mi | 60, Wellesley Road, London, Greater London E11 2HF | - | - | 4 | Semi-Detached House | |
£1.2M | 04/23 | 0.26 mi | 44, Preston Drive, London, Greater London E11 2JB | - | - | 4 | Terraced House | |
£980K | 03/23 | 0.27 mi | 15, Ashbourne Avenue, London, Greater London E18 1PQ | £9,608 | 102 | 4 | Semi-Detached House | |
£918K | 10/22 | 0.28 mi | 62, Deynecourt Gardens, London, Greater London E11 2BU | £11,475 | 80 | 4 | Semi-Detached House | |
£927K | 06/21 | 0.31 mi | 31, Cranbourne Avenue, London, Greater London E11 2BH | £6,669 | 139 | 4 | Semi-Detached House | |
£1.3M | 01/23 | 0.33 mi | 51, Charnwood Drive, London, Greater London E18 1PF | £14,607 | 89 | 4 | Terraced House | |
£770K | 06/21 | 0.36 mi | 16, Wigram Road, London, Greater London E11 2LF | £5,746 | 134 | 4 | Semi-Detached House | |
£1.6M | 06/23 | 0.37 mi | Forest View, Church Path, London, Greater London E11 2SS | £6,485 | 239 | 4 | Terraced House | |
£1.1M | 03/23 | 0.38 mi | 6, Drummond Road, London, Greater London E11 2JS | £6,167 | 180 | 4 | Terraced House | |
£1.0M | 02/23 | 0.38 mi | 7, Lancaster Avenue, London, Greater London E18 1QF | £9,346 | 107 | 4 | Semi-Detached House | |
£959.1K | 11/22 | 0.38 mi | 20, Lancaster Avenue, London, Greater London E18 1QF | - | - | 4 | Terraced House | |
£904K | 12/22 | 0.38 mi | 1, Sydney Road, London, Greater London E11 2JW | £7,861 | 115 | 4 | Terraced House | |
£975K | 04/22 | 0.39 mi | 60, South View Drive, South Woodford, London, Greater London E18 1NS | - | - | 4 | Semi-Detached House | |
£970K | 03/21 | 0.4 mi | 70, South View Drive, London, Greater London E18 1NS | - | - | 4 | Semi-Detached House | |
£1.1M | 02/20 | 0.4 mi | 2, Wanstead Place, London, Greater London E11 2SW | £7,240 | 146 | 4 | Semi-Detached House | |
£805K | 12/20 | 0.41 mi | 44, Mansfield Road, London, Greater London E11 2JN | £8,967 | 90 | 4 | Semi-Detached House | |
£815K | 02/20 | 0.41 mi | 49, South View Drive, South Woodford, London, Greater London E18 1NR | £6,966 | 117 | 4 | Semi-Detached House | |
£965K | 06/22 | 0.41 mi | 97, South View Drive, South Woodford, London, Greater London E18 1NR | £6,796 | 142 | 4 | Semi-Detached House | |
£930K | 09/22 | 0.42 mi | 48, Eagle Lane, London, Greater London E11 1PF | - | - | 4 | Detached House | |
£912.5K | 12/20 | 0.42 mi | 129, Hermon Hill, London, Greater London E18 1QE | - | - | 4 | Terraced House | |
£1.1M | 10/21 | 0.42 mi | 118, Hermon Hill, London, Greater London E18 1QB | - | - | 4 | Semi-Detached House | |
£925K | 09/22 | 0.42 mi | 7, Charnwood Drive, London, Greater London E18 1PD | - | - | 4 | Terraced House | |
£1.4M | 12/22 | 0.45 mi | 6, The Rise, London, Greater London E11 1QA | £6,848 | 198 | 4 | Semi-Detached House | |
£1.3M | 01/22 | 0.45 mi | 37, Spratt Hall Road, London, Greater London E11 2RQ | £8,936 | 141 | 4 | Detached House | |
£1.6M | 09/22 | 0.46 mi | 48, Redbridge Lane West, London, Greater London E11 2JU | - | - | 4 | Semi-Detached House | |
£976.5K | 02/21 | 0.48 mi | 11, Sherwood Avenue, London, Greater London E18 1PB | £5,954 | 164 | 4 | Semi-Detached House | |
£722.5K | 05/20 | 0.5 mi | 172, Roding Lane South, Ilford, Greater London IG4 5PL | £4,379 | 165 | 4 | Semi-Detached House | |
£1.3M | 12/20 | 0.5 mi | 10, Meadow Walk, London, Greater London E18 2EN | £6,469 | 194 | 4 | Detached House | |
£877K | 05/21 | 0.51 mi | 20, South View Drive, South Woodford, London, Greater London E18 1NX | - | - | 4 | Semi-Detached House | |
£835K | 03/23 | 0.51 mi | 13, Alexandra Road, London, Greater London E18 1PZ | £10,060 | 83 | 4 | Terraced House | |
£875K | 06/21 | 0.51 mi | 21, Alexandra Road, London, Greater London E18 1PZ | £9,365 | 93 | 4 | Terraced House | |
£752K | 11/19 | 0.52 mi | 161, Hermon Hill, London, Greater London E18 1QQ | £6,891 | 109 | 4 | Semi-Detached House | |
£835K | 01/21 | 0.54 mi | 25, Dangan Road, London, Greater London E11 2RF | £6,007 | 139 | 4 | Terraced House | |
£1.3M | 10/22 | 0.55 mi | 63, Langley Drive, London, Greater London E11 2LN | £9,126 | 138 | 4 | Semi-Detached House | |
£840K | 04/21 | 0.55 mi | 55, Warren Road, Wanstead, London, Greater London E11 2LX | - | - | 4 | Semi-Detached House | |
£1.4M | 01/23 | 0.55 mi | 14, Langley Drive, London, Greater London E11 2LL | £8,899 | 159 | 4 | Semi-Detached House |
Cash In | |
Deposit (25%) | £428,750 |
Stamp duty & legals | £169,700 |
Refurb costs | £165,897 |
Total cash in | £764,347 |
| |
Cash Out | |
Monetisation | Rent OutFlip |
Rent range | £1,750 - £6,950 |
Rent estimate | £2,660 |
Revaluation | £2,440,821 |
New mortgage | £1,830,616 |
Cash left in | £235,987 |
Running costs/mo | £8,179 |
Cashflow/mo | £-5,519 |
Cashflow/yr | £-66,228 |
Gross yield | 2% |
46 rents
Rent | Date | Distance | Address | Beds | Type | |
£2,400 | 03/24 | 0.03 mi | Treetops, Leicester Road, London | 3 | Flat | |
£2,850 | 03/24 | 0.05 mi | Leicester Road, London, E11 | 5 | Semi-Detached House | |
£2,250 | 05/24 | 0.07 mi | East Way, London, E11 | 3 | Terraced House | |
£2,650 | 03/24 | 0.07 mi | - | 4 | Terraced House | |
£2,225 | 01/24 | 0.1 mi | - | 3 | Terraced House | |
£3,100 | 04/24 | 0.13 mi | The Avenue, Wanstead E11 | 5 | House | |
£2,750 | 03/24 | 0.14 mi | Nightingale Lane, London, E11 | 3 | Terraced House | |
£2,200 | 03/24 | 0.2 mi | Halstead Road (PP407), Wanstead, E11 | 3 | Semi-Detached House | |
£2,250 | 03/24 | 0.21 mi | Eaton Rise, Wanstead, E11 | 3 | Detached House | |
£4,400 | 01/24 | 0.25 mi | - | 3 | Semi-Detached House | |
£3,300 | 04/24 | 0.28 mi | Reydon Avenue, Wanstead E11 | 5 | Terraced House | |
£2,800 | 03/24 | 0.29 mi | - | 4 | Semi-Detached House | |
£1,760 | 04/24 | 0.3 mi | - | 3 | Flat | |
£1,760 | 04/24 | 0.3 mi | Gardner Close, London, E11 | 3 | Flat | |
£1,760 | 04/24 | 0.3 mi | Gardner Close, London, E11 | 3 | Flat | |
£1,760 | 04/24 | 0.3 mi | Gardner Close, London, E11 | 3 | Flat | |
£1,760 | 04/24 | 0.3 mi | Gardner Close, London, E11 | 3 | Flat | |
£3,878 | 03/24 | 0.3 mi | The Great Hall, Victory Road, London, E11 | 3 | Flat | |
£2,200 | 04/24 | 0.32 mi | - | 4 | Flat | |
£1,850 | 04/24 | 0.33 mi | Harrier Avenue, Wanstead | 3 | Flat | |
£1,900 | 03/24 | 0.36 mi | Oakhall Court, Harrier Avenue, London, E11 | 3 | Flat | |
£2,400 | 03/24 | 0.37 mi | Corbett Road, Wanstead, E11 | 3 | House | |
£2,300 | 03/24 | 0.37 mi | Corbett Road, London, E11 | 3 | Terraced House | |
£2,495 | 03/24 | 0.37 mi | London, E11 | 3 | Flat | |
£2,300 | 03/24 | 0.38 mi | Woodbine Place, Wanstead, E11 | 3 | Flat | |
£2,250 | 03/24 | 0.38 mi | Woodbine Place, London, E11 | 3 | Terraced House | |
£2,400 | 05/24 | 0.39 mi | Camden Road, Wanstead | 4 | Terraced House | |
£3,250 | 04/24 | 0.41 mi | Chester Road, Wanstead | 4 | House | |
£2,650 | 04/24 | 0.41 mi | South View Drive, South Woodford, London, E18 | 4 | Semi-Detached House | |
£3,500 | 03/24 | 0.43 mi | Six Bedroom House Available to Let - South Woodford, E18 - (£3,500 PCM) | 6 | Flat | |
£3,500 | 03/24 | 0.43 mi | Six Bedroom House Available to Let - South Woodford, E18 - (£3,500 PCM) | 6 | House | |
£6,950 | 04/24 | 0.53 mi | Hollybush Hill, London, E11 | 4 | Flat | |
£2,950 | 04/24 | 0.54 mi | - | 3 | Terraced House | |
£2,950 | 04/24 | 0.54 mi | Dangan Road, London, E11 | 3 | Terraced House | |
£2,000 | 05/24 | 0.56 mi | - | 3 | Flat | |
£2,200 | 03/24 | 0.56 mi | Hermon Hill, London, E18 | 3 | Flat | |
£2,000 | 04/24 | 0.56 mi | Hermon Hill, London, E18 | 3 | Flat | |
£3,500 | 04/24 | 0.56 mi | Roding Lane South, Redbridge | 5 | Semi-Detached House | |
£1,750 | 05/24 | 0.57 mi | Roding Lane South, Ilford, London, IG4 | 3 | Flat | |
£2,200 | 05/24 | 0.57 mi | New Wanstead, London | 3 | Flat | |
£2,100 | 05/24 | 0.57 mi | - | 3 | Flat | |
£2,100 | 04/24 | 0.57 mi | Spring Court, East London, E18 | 3 | Flat | |
£2,200 | 05/24 | 0.58 mi | New Wanstead, London, E11 | 3 | Flat | |
£3,000 | 04/24 | 0.59 mi | Gordon Road, Wanstead | 4 | Terraced House | |
£2,450 | 04/24 | 0.6 mi | - | 3 | Semi-Detached House | |
£3,600 | 04/24 | 0.6 mi | Hollybush Hill, Wanstead | 6 | Semi-Detached House |