2 Bed Flat, Motivated Seller, London, E17 4LP, £245,000

19A Roberts Road, London, Greater London, E17 4LP - 22 views - 2 years ago

Sold STC
Leasehold
Motivated
Cash
ROI: 5%
54 m²
+4 photos

ValuationUndervalued

Sold Prices£255K - £585K
Sold Prices/m²£4.8K/m² - £11.3K/m²

 

 

Square Metres

54 m²
Price/m²£4.5K/m²

Value Estimate

£257,500
BMV3%

 

 

End Value (After Refurb)

£351,443

Uplift in Value

+41%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£61,250

Stamp Duty & Legal Fees

£8,700

Refurb Costs

£28,568

Bridging Loan Interest

£6,431

Total Cash In

£106,699

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£351,443

Agent Fees (1%)

£3,514

Bridging Loan

£183,750

Bridging Loan Interest

£6,431

Flip Profit

£57,480

Local Sold Prices

50 sold prices from £255K to £585K, average is £460K. £4.8K/m² to £11.3K/m², average is £7K/m².

PriceDateDistanceAddressBeds 
£434K12/200.13 mi321, Brettenham Road, London, Greater London E17 5AT2
£420K12/200.14 mi278, Brettenham Road, London, Greater London E17 5AU2
£472K06/230.14 mi312, Brettenham Road, London, Greater London E17 5AU2
£435K08/210.22 mi266, Brettenham Road, London, Greater London E17 5AY2
£524.5K02/230.22 mi250, Brettenham Road, London, Greater London E17 5AY2
£325K04/210.22 mi221, Brettenham Road, London, Greater London E17 5AX2
£447.5K01/210.33 mi119, Brettenham Road, London, Greater London E17 5AZ2
£478K06/210.35 mi36, Brettenham Road, London, Greater London E17 5BA2
£414K02/210.36 mi27, Northbank Road, London, Greater London E17 4JY2
£520K02/230.43 mi198, Carr Road, Walthamstow, London, Greater London E17 5EW2
£497K02/210.43 mi214, Carr Road, Walthamstow, London, Greater London E17 5EW2
£428K11/200.44 mi148, Carr Road, Walthamstow, London, Greater London E17 5EW2
£485K11/210.46 mi222, Fleeming Road, London, Greater London E17 5EU2
£476.5K12/200.47 mi208, Fleeming Road, Walthamstow, London, Greater London E17 5EU2
£505K11/210.48 mi174, Fleeming Road, Walthamstow, London, Greater London E17 5EU2
£440K11/210.48 mi82, Carr Road, London, Greater London E17 5EN2
£433K06/210.49 mi64, Carr Road, Walthamstow, London, Greater London E17 5EN2
£460K04/230.49 mi32, Carr Road, Walthamstow, London, Greater London E17 5EN2
£405K01/210.5 mi53a, Carr Road, London, Greater London E17 5ER2
£480K07/230.5 mi73, Fleeming Road, Walthamstow, London, Greater London E17 5ET2
£420K12/200.52 mi70, Spruce Hills Road, London, Greater London E17 4LD2
£460.2K11/200.52 mi90, Fleeming Road, Walthamstow, London, Greater London E17 5ES2
£475K05/230.53 mi48, Fleeming Road, Walthamstow, London, Greater London E17 5ES2
£460K03/210.53 mi72, Fleeming Road, Walthamstow, London, Greater London E17 5ES2
£485K06/230.53 mi74, Fleeming Road, Walthamstow, London, Greater London E17 5ES2
£470K12/200.55 mi14, Fleeming Road, London, Greater London E17 5ES2
£585K03/230.57 mi40, Winns Avenue, Walthamstow, London, Greater London E17 5EL2
£440.8K03/210.57 mi6, Winns Avenue, Walthamstow, London, Greater London E17 5EL2
£469.9K04/210.57 mi18, Winns Terrace, London, Greater London E17 5EJ2
£477.5K05/210.57 mi65, Winns Terrace, London, Greater London E17 5EJ2
£495K01/230.58 mi58, Winns Avenue, Walthamstow, London, Greater London E17 5EL2
£465K05/210.62 mi73, Badlis Road, London, Greater London E17 5LG2
£506.5K02/210.62 mi13, Badlis Road, London, Greater London E17 5LG2
£344.5K03/230.63 mi13, Sky Peals Road, Woodford Green, Greater London IG8 9NE2
£405K12/220.63 mi152a, Selwyn Avenue, London, Greater London E4 9LS2
£435.8K05/210.64 mi116, Diana Road, Walthamstow, London, Greater London E17 5LF2
£303K12/200.66 mi27, Beaufort Close, London, Greater London E4 9XF2
£303K12/200.66 mi27, Beaufort Close, London, Greater London E4 9XF2
£325K03/210.67 mi174, Hale End Road, Woodford Green, Greater London IG8 9LZ2
£448K04/210.67 mi12, Mersey Road, London, Greater London E17 5LB2
£460K02/210.68 mi119, Winns Avenue, Walthamstow, London, Greater London E17 5HB2
£530K06/230.69 mi69, Mersey Road, London, Greater London E17 5LA2
£255K02/210.69 mi32, Lockwood Place, London, Greater London E4 9AD2
£545K02/230.7 mi171, Winns Avenue, Walthamstow, London, Greater London E17 5HB2
£467.5K06/230.7 mi443, Forest Road, Walthamstow, London, Greater London E17 5LD2
£450K02/230.7 mi445, Forest Road, Walthamstow, London, Greater London E17 5LD2
£464K03/230.71 mi72, Bemsted Road, London, Greater London E17 5JZ2
£325K04/210.72 miFirst Floor Flat, 33, Cavendish Road, London, Greater London E4 9NQ2
£277K02/210.74 miFlat 1, Boyden House, Shernhall Street, London, Greater London E17 3ET2
£311K03/210.75 mi12, Chingford Mount Road, London, Greater London E4 9AB2

Local Rents

46 rents from £1.4K/mo to £2.5K/mo, average is £1.8K/mo.

RentDateDistanceAddressBeds 
£1,85003/240.07 mi-2
£1,75005/240.1 miKitchener Road, Walthamstow E172
£1,80004/240.11 miCecil House, Chingford Road, Walthamstow E172
£1,80004/240.11 miCecil House, Walthamstow2
£1,90005/240.14 mi-2
£2,25002/250.14 mi-2
£1,80003/250.14 mi-2
£1,75003/240.15 miBrettenham Road, Walthamstow2
£1,70002/250.22 mi-2
£1,50003/240.3 miWadham Avenue, Walthamstow, London, E172
£1,60004/240.31 miFulbourne Road, Walthamstow2
£1,60004/240.32 miFulbourne Road, Walthamstow, London, E172
£2,45003/250.35 mi-2
£1,70002/240.37 mi-2
£1,45012/240.37 mi-2
£1,45002/250.37 mi-2
£1,75012/240.43 mi-2
£2,20001/240.43 mi-2
£1,85004/240.43 miCarr Road, E172
£2,40003/240.44 mi-2
£2,00003/240.46 miArundel House, Walthamstow, London, E172
£1,65004/240.47 miSt. Johns Road, London2
£2,30001/240.48 mi-2
£1,80003/240.49 miCarr Road, Walthamstow, London, E172
£1,90004/240.49 miCarr Road, Walthamstow, London, E172
£1,90004/240.49 miCarr Road, Walthamstow, London, E172
£2,25003/240.49 miBodiam Court E172
£2,25003/240.49 miThornbury Way, London, E172
£2,10003/250.49 mi-2
£1,95003/250.5 mi-2
£2,30004/240.5 miFleeming Road, London, E172
£2,19504/240.5 miFleeming Road, London, E172
£2,30004/240.5 miFleeming Road, London, E172
£1,99503/240.52 miThornbury Way, London2
£2,15003/240.54 miWinns Terrace, Walthamstow2
£1,80004/240.56 miQueensland Close, Walthamstow, London, E172
£1,54503/240.56 miMarlborough Road, Chingford, E42
£1,80003/240.57 miWinns Avenue, London2
£1,90002/240.59 mi-2
£1,99503/240.6 miHawker Place, London, E172
£1,95003/240.6 miForest Road, Walthamstow2
£1,75005/240.6 miBadlis Road, London2
£1,55003/250.61 mi-2
£1,47503/250.61 mi-2
£1,70003/250.62 mi-2
£1,67504/240.62 miWinns Avenue, E172

Local Area Statistics

Population in E17

102,968

Population in London

4,771,921

Town centre distance

6.25 miles away

Nearest school

0.40 miles away

Nearest train station

0.92 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+1%

Sales demand

Seller's market

Capital growth (5yrs)

+19%

Property History

Price changed to £245,000

December 4, 2024

Listed for £250,000

June 30, 2023

Sold for £154,000

2012

Floor Plans

Description

  • Cash Buyers Only Leasehold 65YRS We Have Been Advised £20K To Extend 90 Years +
  • Ground Rent £100 Per Year / Service Charge £530 Per Year +
  • Council Tax Band B +
  • Two Bedrooms, First Floor Apartment +
  • Permit Parking +
  • Fitted Kitchen +
  • Double Glazing & Central Heating +
  • Close To Local Amenities +
  • Convenient Location, Transport Links Locally and Further Afield +
  • Viewing Advised +

Cash Buyers Only. This lovely first floor apartment has much to offer. Located in Walthamstow, it boasts two bedrooms and a fitted kitchen. It also offers permit parking.

This lovely apartment is located in Walthamstow with close proximity to a range of amenities, schools, shopping facilities, food/drink establishments and more. The area also offers excellent road and transport links for travel both locally and further afield.

The accommodation briefly comprises a welcoming entrance way, a spacious living room and a fitted kitchen. There are two well-proportioned bedrooms and a three-piece bathroom with a tub-shower combination, a hand wash basin and a WC.

Externally, the property benefits from permit parking.

This home is an excellent find. We anticipate a high amount of interest and as such we would recommend that any interested buyers inquire to arrange a viewing at the earliest convenience to ensure the opportunity is not missed.

Premium Fast Sale

The innovative Premium Fast Sale Plus method from Springbok Properties is a secure and straightforward way to buy property. It works like a typical sale, with a number of added benefits to the buyer.

Benefits

o Carefully implemented security measures
o A speedy process
o Realistically priced properties
o A Buy it Now option (ask for further information on this feature from our advisors)
o A significantly reduced chance of fall-throughs
o No risk of being "gazumped"
o The full focus of our highly motivated team

Springbok Properties' Premium Fast Sale Plus puts you in the driving seat thanks to our fast and secure methods.

All properties are competitively priced and carefully managed by motivated sellers for a quick, stress-free transaction.

Fees

Sales can be secured with a reservation deposit of £2,500. This forms part of the final purchase price and is NOT an extra cost.

This deposit ensures that the property is taken off the market as soon as a sale is agreed. It is then exclusively reserved for you, eliminating gazumping, time wasting and financial loss.

An administration fee of £396 is required in order to draw up an exclusive legally binding contract between the buyer and seller. This gives the buyer exclusive rights to purchase within a pre-agreed timeframe.

Exclusivity

Following the payment of the above amount, Springbok Properties will facilitate a fixed exclusivity period (approximately 12 weeks). During this time, surveys should be arranged and preparations made for the exchange of contracts. The property will be reserved, so there will be no risk of gazumping.

Process

Our Premium Fast Sale Plus follows the below process:

STEP 1 - Register your interest
STEP 2 - Prepare your finances for the purchase
STEP 3 - Arrange a viewing
STEP 4 - Make an offer
STEP 5 - Secure your sale using our secure system
STEP 6 - Exchange and complete

Don't miss out on the chance to purchase this property. Call us today for further information and to arrange a viewing.

Please note that this property has been realistically priced in order to achieve a quick sale. As a result, it is likely to receive plenty of buying interest.

If you're interested in this property, we urge you to contact us immediately to arrange an early viewing and get the process started. This will help you to avoid missing out on this opportunity.

Springbok Properties' innovative Premium Fast Sale Plus is a secure and straightforward way to buy property.

Please note: to ensure the highest level of customer service, all calls may be recorded and monitored for training and quality purposes.

Please call us now to book an appointment.

We highly recommend early viewing as this property is priced relatively low and is likely to generate quite an interest.

Please call us now to book an appointment.

Call Recording

Please note to ensure the highest level of customer service, all calls may be recorded and monitored for training and quality purposes.

Disclaimer

Springbok Properties for itself and the Vendors or lessors of properties for whom they act give notice that:

The details shown on this website are a general outline for the guidance of intending purchasers, and do not constitute, nor constitute part of, an offer or contract or sales particulars. All descriptions, dimensions, references to condition and other details are given in good faith and are believed to be correct but any intending purchasers should not rely on them as statements or representations of fact but must satisfy themselves by inspection, searches, survey, enquiries or otherwise as to their correctness. We have not been able to test any of the building service installations and recommend that prospective purchasers arrange for a qualified person to check them before entering into any commitment. Further, any reference to, or use of any part of the properties is not a statement that any necessary planning, building regulations or other consent has been obtained. All photographs shown are indicative and cannot be guaranteed to represent the complete interior scheme or items included in the sale. No person in our employment has any authority to make or give any representation or warranty whatsoever in relation to this property.

TENURE

To be confirmed by the Vendor's Solicitors

Note

The price given is a marketing price and not an indication of the property's market value. The vendor like any seller is looking to achieve the maximum price possible. Hence, by making an enquiry on this property, you recognise and understand that this property is strictly offers in excess of the marketing price provided.

How to View this Property

Viewing is strictly by appointment please call us now for bookings.

AML REGULATIONS & PROOF OF FUNDING: Any proposed purchasers will be asked to provide identification and proof of funding before any offer is accepted. We would appreciate your co-operation with this to ensure there are no delays in agreeing the sale.

Agent Details

Springbok Properties, Nationwide

0161 416 6302

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪