2 Bed Flat, Refurb/BRRR, London, E17 8DQ, £205,000

125b, Markhouse Road, London, E17 8DQ - 16 views - 2 years ago

Leasehold
Cash
Refurb/BRRR
~65 m²
+13 photos

ValuationFair Value

Sold Prices£180K - £545K
Sold Prices/m²£2.3K/m² - £11.5K/m²

 

 

Square Metres

~65 m²
Price/m²£3.2K/m²

Value Estimate

£207,050

 

 

End Value (After Refurb)

£463,021

Uplift in Value

+126%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£51,250

Stamp Duty & Legal Fees

£11,450

Refurb Costs

£34,387

Bridging Loan Interest

£5,381

Total Cash In

£104,218

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£463,021

Agent Fees (1%)

£4,630

Bridging Loan

£153,750

Bridging Loan Interest

£5,381

Flip Profit

£200,423

Local Sold Prices

50 sold prices from £180K to £545K, average is £417.5K. £2.3K/m² to £11.5K/m², average is £6.9K/m².

PriceDateDistanceAddressBeds 
£360K12/200.06 mi10a, Callis Road, London, Greater London E17 8PN2
£408K12/200.06 mi14a, Callis Road, London, Greater London E17 8PN2
£310K11/200.09 mi36, Low Hall Lane, London, Greater London E17 8BE2
£360K03/210.11 mi44, Ringwood Road, London, Greater London E17 8PP2
£420.5K12/200.14 mi68, Camden Road, London, Greater London E17 7NF2
£385K01/210.16 mi16a, Markhouse Avenue, London, Greater London E17 8AZ2
£380K06/210.18 mi75a, Markhouse Avenue, London, Greater London E17 8AY2
£360K02/230.18 mi36, Tudor Court, London, Greater London E17 8ET2
£330.8K10/210.18 mi36, Tudor Court, London, Greater London E17 8ET2
£275K05/230.18 mi6, Tudor Court, London, Greater London E17 8ET2
£390K09/210.19 mi57, Brighton Avenue, London, Greater London E17 7NE2
£410K11/200.19 mi34, Brighton Avenue, London, Greater London E17 7NE2
£450K03/210.29 mi18, Theydon Street, London, Greater London E17 8EL2
£475K11/210.29 mi28, Theydon Street, London, Greater London E17 8EL2
£185K06/210.3 mi3, Falmouth Way, London, Greater London E17 7NZ2
£445K02/230.33 miFirst Floor Flat, 15, Edinburgh Road, London, Greater London E17 7QA2
£360K01/230.33 mi82, Hibbert Road, London, Greater London E17 8HF2
£450K02/210.35 mi109, Leucha Road, London, Greater London E17 7LJ2
£451K10/210.37 mi28, Leucha Road, London, Greater London E17 7LG2
£450K04/230.37 mi46, Leucha Road, London, Greater London E17 7LG2
£420K11/210.37 mi54, Leucha Road, London, Greater London E17 7LG2
£482.5K06/210.37 mi22, Harris Street, London, Greater London E17 8EQ2
£456.5K06/210.37 mi62, Harris Street, London, Greater London E17 8EQ2
£435K12/200.41 mi13a, Coppermill Lane, London, Greater London E17 7HA2
£480K09/210.43 mi24, Hitcham Road, London, Greater London E17 8HN2
£340K01/230.44 mi1, Hitcham Road, London, Greater London E17 8HL2
£435K08/230.44 mi99, Hitcham Road, London, Greater London E17 8HL2
£430K03/210.45 mi38, Devonshire Road, London, Greater London E17 8QJ2
£405K06/230.46 mi101a, Boundary Road, London, Greater London E17 8NQ2
£320K03/210.47 mi51a, Hazelwood Road, Walthamstow, London, Greater London E17 7AJ2
£406K11/200.47 mi13, Blyth Road, London, Greater London E17 8HP2
£422.5K12/200.47 mi65, Blyth Road, London, Greater London E17 8HP2
£300K01/210.48 miFlat 11, Bridge Court, Lea Bridge Road, London, Greater London E10 7JS2
£520K03/230.49 mi10, York Road, Walthamstow, London, Greater London E17 7HY2
£286.5K11/200.5 miFlat 28, Bridge Court, Lea Bridge Road, London, Greater London E10 7JS2
£180K03/210.5 miFlat 44, Bridge Court, Lea Bridge Road, London, Greater London E10 7JS2
£545K07/230.51 miGround Floor Flat, 64, Buxton Road, Walthamstow, London, Greater London E17 7EJ2
£286K12/200.53 mi258a, Lea Bridge Road, London, Greater London E10 7LD2
£330K11/210.54 mi291a, Hoe Street, London, Greater London E17 9BG2
£415K12/210.55 mi19, Eldon Road, London, Greater London E17 7BZ2
£348K01/210.55 mi104, Coppermill Lane, London, Greater London E17 7HE2
£450K06/230.56 mi143a, Manor Road, Leyton, London, Greater London E10 7HW2
£429.5K02/230.56 mi264, Lea Bridge Road, London, Greater London E10 7LD2
£460K09/210.56 mi21, Northcote Road, London, Greater London E17 7DT2
£537.5K07/230.56 mi55, Northcote Road, London, Greater London E17 7DT2
£370K01/210.56 mi88, Malta Road, London, Greater London E10 7JU2
£521K04/230.59 mi100a, Edward Road, London, Greater London E17 6LU2
£530K05/230.59 mi8, Chewton Road, London, Greater London E17 7DW2
£425K05/230.59 mi98, Chewton Road, London, Greater London E17 7DN2
£426.5K01/210.6 mi22, Thomas Jacomb Place, London, Greater London E17 6GR2

Local Rents

52 rents from £1.2K/mo to £3.4K/mo, average is £1.8K/mo.

RentDateDistanceAddressBeds 
£1,75003/240.02 miMarkhouse Road, Walthamstow, London2
£1,90003/250.06 mi-2
£1,79503/240.06 miCallis Road, Walthamstow2
£2,00003/250.07 mi-2
£2,20004/250.08 mi-2
£1,20003/250.09 mi-2
£1,50003/250.09 mi-2
£1,75012/240.11 mi-2
£2,10005/240.14 miQueens Road, Walthamstow, London, E172
£2,20004/250.14 mi-2
£1,69504/240.15 miMarkhouse Avenue, Walthamstow2
£1,65010/230.16 miVerulam Avenue, London, E172
£2,00004/250.17 mi-2
£1,55003/240.17 miHalstead Court, Walthamstow, E172
£1,75005/240.18 miTudor Court, Walthamstow2
£1,50005/240.18 miTudor Court, Walthamstow E172
£2,00004/240.19 mi-2
£2,00003/240.19 miWalthamstow, Walthamstow, London, E172
£1,75003/240.19 miMarkhouse Road, Walthamstow, London2
£1,80003/240.19 mi Markhouse Road, Walthamstow, London2
£1,79503/240.21 miStation Road, London2
£1,70004/250.23 mi-2
£2,15004/240.26 miOld Brewery Way, Walthamstow2
£2,15004/240.26 miOld Brewery Way, Walthamstow2
£1,50003/240.26 miSt. James's Street, London, E172
£1,75001/250.27 mi-2
£2,15003/240.28 miBrunner Road, Walthamstow2
£2,19504/240.28 miSouth Grove, Walthamstow2
£2,19504/240.28 miSouth Grove, Walthamstow2
£1,99004/240.28 mi-2
£1,70001/250.31 mi-2
£1,85004/250.31 mi-2
£2,20004/240.31 miEdinburgh Road, E172
£2,20004/240.32 miEdinburgh Road, Walthamstow2
£1,75004/250.32 mi-2
£2,50004/250.32 mi-2
£1,90003/250.33 mi-2
£2,10004/250.34 mi-2
£1,80003/240.34 mi-2
£1,95003/250.35 mi-2
£1,85005/240.35 miWetherden Street, Walthamstow, London, E172
£3,35005/240.36 mi-2
£1,55004/240.36 mi-2
£1,50005/240.36 mi-2
£1,55003/240.36 miQueens Road, London, E172
£1,55004/240.36 miQueens Road, London, E172
£1,50005/240.36 miQueens Road, London, E172
£2,00002/250.37 mi-2
£1,59505/240.38 mi-2
£1,59505/240.38 miHibbert Road, London, E172
£2,40002/250.38 mi-2
£1,99505/240.39 mi-2

Local Area Statistics

Population in E17

102,968

Population in London

4,771,921

Town centre distance

4.68 miles away

Nearest school

0.10 miles away

Nearest train station

0.32 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+1%

Sales demand

Seller's market

Capital growth (5yrs)

+19%

Property History

Listed for £205,000

August 30, 2023

Floor Plans

Description

  • Two Bedroom Ground Floor Comversion Apartment +
  • Chain Free +
  • Cash Buyers Only +
  • Own Front Door +
  • In Need Of Full Refurbishment +
  • 63 Years Remaining On Lease +
  • Private Rear Garden +
  • EPC Rating D +

NOTICE OF OFFER Property Address: 125b, Markhouse Road London, E17 8DQ

We advise that an offer has been made for the above property in the sum of £211,150 Any persons wishing to increase on this offer should notify the agents of their best offer prior to exchange of contracts.

Agents Address: Daniel.

Agents Telephone Number:

Bright, Alluring & Undeveloped, this two-bedroom ground floor conversion property presents a canvas of potential awaiting your personal touch. Boasting its own inviting front door, this residence exudes a sense of individuality from the moment you step in. The spacious interior comprises two generously sized double bedrooms, providing ample space for comfort and creativity. A highlight of this gem is its private rear garden, offering a tranquil escape and outdoor haven perfect for relaxation or entertainment. This property offers the advantage of a chain-free arrangement, streamlining your path to ownership. However, it's important to note that this property is ideal for cash buyers, as it features a low lease term and requires substantial renovation work. This is a remarkable opportunity for those seeking a property project where they can infuse their vision and revitalise this space into a bespoke sanctuary. Unlock the potential of this residence and create a truly unique dwelling tailored to your taste and style. Don't miss your chance to be part of this exciting transformation on Markhouse Road!

Property Showcases
As you approach the property, you're immediately struck by the sense of privacy and exclusivity. Your new home boasts its own front door, setting it apart from other units and providing a distinct sense of ownership. As you unlock the door and step inside, you're welcomed by a spacious entrance hall, the heart of the home's first impressions. The entrance hall is not just welcoming, but also functional, thanks to the under stairs storage cupboard. This convenient feature offers ample space to stow away coats, shoes, and other belongings, maintaining the clean and open ambiance of the living spaces. The first room you encounter from the entrance hall is the reception room. Situated at the front of the property, this room is bathed in natural light, creating a warm and inviting atmosphere. Whether it's a cosy evening in or entertaining guests, this versatile space provides endless possibilities for relaxation and socializing. Adjacent to the reception room lies the larger of the two double bedrooms. This room is a retreat in itself, offering expansive views over the private garden. Imagine waking up to the gentle rustling of leaves and the soft rays of morning sunlight filtering through the windows. With its generous size, this bedroom easily accommodates various furniture arrangements and design preferences. Back in the entrance hall, you'll find the fully tiled three-piece bathroom suite. This modern and elegant space is designed for both functionality and aesthetic appeal. The attention to detail in the tiling and fixtures creates an environment that's both functional and soothing, perfect for unwinding after a long day. Continuing your exploration, you'll reach the final double bedroom. With its thoughtful layout and design, this room offers a comfortable and private space for relaxation or as a versatile home office. As you move toward the rear of the property, you'll discover the fully fitted kitchen. This culinary haven is equipped with modern appliances and ample countertop space, making meal preparation a joy. What's more, the kitchen conveniently provides access to the wrap-around private garden, seamlessly connecting indoor and outdoor living. Whether it's a morning coffee or an alfresco dining experience, this garden is a tranquil oasis waiting to be enjoyed.

Location

Located on one of Walthamstow's most easy accessible roads means you have easy access in and out of Walthamstow without having to navigate through a maze of residential roads. It also means you have amenities such as Crate at St James Street, The Curious Goat at Old Brewer Way & Iyo Sushi on Markhouse Road all within walking distance. Public transport is also easily accessible right from your door step, with bus stops at Queens Road just 0.01 miles & 0.05 miles away as well as bus stops at Markhouse Ave just 0.15 miles & 0.18 miles away. Underground stations such as Walthamstow Central & Blackhorse Road are just 0.61 miles & 0.86 miles away respectively, while national rail stations including St James Street, Queens Road & Walthamstow Central are all under 0.62 miles from the property. Finally the property gives access to a bounty of nursery, primary and secondary schools all within walking distance. Low Hall Nursery, South Grove Primary and Kelmscott Secondary schools are all under 0.13 miles from your front door and offer both good and outstanding Ofsted ratings.

Tenure & Council Tax

Tenure: Leasehold
Lease Length: 99 years from 20/05/1988
Ground Rent: £100 pa
Service Charge: £0 pa
Council Tax Band: B
Annual Council Tax Estimate: £1,509 pa

Hallway - 0.79 x 9.13 + 0.85 x 4.10 (2'7" x 29'11" + 2'9" x - Double glazed opaque window and door to front aspect, under stairs storage cupboard, single radiator and laminate flooring.

Reception Room - 4.63 x 3.47 (15'2" x 11'4") - Double glazed window to front aspect, coved ceiling, double radiator, laminate flooring, power points and built in storage cupboard.

Kitchen - 3.40 x 2.87 (11'1" x 9'4") - Double glazed window to rear aspect, Lino flooring, range of base & wall units with roll top work surfaces, freestanding cooker with gas & electric supply, sink with drainer unit, space for fridge/freezer, plumbing for washing machine, double glazed patio door leading to garden and combination boiler.

Bedroom One - 3.49 x 3.57 (11'5" x 11'8") - Double glazed window to rear aspect, double radiator, laminate flooring and power points.

Bedroom Two - 2.41 x 2.86 (7'10" x 9'4") - Double glazed window to side aspect, double radiator, laminate flooring and power points.

Bathroom - 1.67 x 2.35 (5'5" x 7'8") - Double glazed opaque window to side aspect, single radiator, tiled walls and flooring, extractor fan, panel enclosed bath with mixer tap & shower attachment, hand wash basin with mixer tap and pedestal, low level flush w/c.

Garden - 1.97 x 9.52 + 5.90 x 2.60 (6'5" x 31'2" + 19'4" x - Concrete paving, brick built shed, lighting.

Agent Details

Kings Group, Walthamstow

020 3873 9738

Next Steps?

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