2 Bed Flat, Single Let, London, E17 6AD, £315,000

Blackhorse Lane, London, E17 6AD - 1 views - a year ago

Leasehold
BTL
ROI: 6%
~68 m²
+6 photos

ValuationUndervalued

Sold Prices£320K - £585K
Sold Prices/m²£5.2K/m² - £11.5K/m²

 

 

Square Metres

~68.11 m²
Price/m²£4.6K/m²

Value Estimate

£390,600
BMV24%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£78,750

Stamp Duty & Legal Fees

£20,200

Total Cash In

£98,950

 

 

Cash Out

 

Rent Range

£1,750 - £3,590

Rent Estimate

£1,825

Running Costs/mo

£1,369

Cashflow/mo

£456

Cashflow/yr

£5,468

ROI

6%

Gross Yield

7%

Local Sold Prices

50 sold prices from £320K to £585K, average is £453K. £5.2K/m² to £11.5K/m², average is £6.9K/m².

PriceDateDistanceAddressBeds 
£460K06/210.02 mi63, Blackhorse Lane, London, Greater London E17 6DS2
£380.4K04/210.18 mi85, Essex Close, London, Greater London E17 6JS2
£465K08/230.24 mi195, Blackhorse Road, London, Greater London E17 6ND2
£356K04/230.25 mi103, Chamberlain Place, London, Greater London E17 6AZ2
£456K11/200.33 mi183, Edward Road, London, Greater London E17 6PA2
£455K11/200.35 mi29, Warner Road, London, Greater London E17 7DY2
£490K09/210.36 mi5a, Courtenay Road, London, Greater London E17 6LY2
£350K12/200.36 mi145, Edward Road, London, Greater London E17 6PA2
£425K05/230.36 mi98, Chewton Road, London, Greater London E17 7DN2
£530K05/230.37 mi8, Chewton Road, London, Greater London E17 7DW2
£475K06/210.43 mi155, Warner Road, London, Greater London E17 7DX2
£482.5K11/200.44 mi109, Warner Road, London, Greater London E17 7DX2
£460K09/210.44 mi21, Northcote Road, London, Greater London E17 7DT2
£537.5K07/230.44 mi55, Northcote Road, London, Greater London E17 7DT2
£325.3K10/200.44 mi137, Green Pond Close, London, Greater London E17 6EF2
£521K04/230.46 mi100a, Edward Road, London, Greater London E17 6LU2
£395.3K03/210.48 mi13a, Cumberland Road, London, Greater London E17 5RR2
£545K07/230.49 miGround Floor Flat, 64, Buxton Road, Walthamstow, London, Greater London E17 7EJ2
£410K07/230.5 mi282, Blackhorse Lane, London, Greater London E17 5QH2
£320K03/210.52 mi51a, Hazelwood Road, Walthamstow, London, Greater London E17 7AJ2
£360K06/230.53 mi53, Riverhead Close, Walthamstow, London, Greater London E17 5PY2
£435K12/200.57 mi13a, Coppermill Lane, London, Greater London E17 7HA2
£545K02/230.58 mi171, Winns Avenue, Walthamstow, London, Greater London E17 5HB2
£460K02/210.59 mi119, Winns Avenue, Walthamstow, London, Greater London E17 5HB2
£451K10/210.6 mi28, Leucha Road, London, Greater London E17 7LG2
£464K03/230.6 mi72, Bemsted Road, London, Greater London E17 5JZ2
£450K04/230.6 mi46, Leucha Road, London, Greater London E17 7LG2
£420K11/210.6 mi54, Leucha Road, London, Greater London E17 7LG2
£348K01/210.61 mi104, Coppermill Lane, London, Greater London E17 7HE2
£455K11/200.61 mi73, Melville Road, London, Greater London E17 6QT2
£450K02/210.62 mi109, Leucha Road, London, Greater London E17 7LJ2
£325K12/200.62 mi87, Manor Road, Walthamstow, London, Greater London E17 5RY2
£530K06/230.62 mi69, Mersey Road, London, Greater London E17 5LA2
£448K04/210.64 mi12, Mersey Road, London, Greater London E17 5LB2
£415K12/210.65 mi19, Eldon Road, London, Greater London E17 7BZ2
£467.5K06/230.66 mi443, Forest Road, Walthamstow, London, Greater London E17 5LD2
£450K02/230.66 mi445, Forest Road, Walthamstow, London, Greater London E17 5LD2
£520K03/230.67 mi10, York Road, Walthamstow, London, Greater London E17 7HY2
£435.8K05/210.68 mi116, Diana Road, Walthamstow, London, Greater London E17 5LF2
£345K11/220.68 miFlat 10, Thistle Court, Bream Close, London, Greater London N17 9BP2
£495K01/230.7 mi58, Winns Avenue, Walthamstow, London, Greater London E17 5EL2
£350K02/210.7 mi69, Somers Road, London, Greater London E17 6RS2
£585K03/230.71 mi40, Winns Avenue, Walthamstow, London, Greater London E17 5EL2
£440.8K03/210.71 mi6, Winns Avenue, Walthamstow, London, Greater London E17 5EL2
£338.5K06/230.71 mi198, Bream Close, London, Greater London N17 9DW2
£465K05/210.72 mi73, Badlis Road, London, Greater London E17 5LG2
£506.5K02/210.72 mi13, Badlis Road, London, Greater London E17 5LG2
£426.5K01/210.72 mi22, Thomas Jacomb Place, London, Greater London E17 6GR2
£470K12/200.72 mi14, Fleeming Road, London, Greater London E17 5ES2
£460K03/210.73 mi72, Fleeming Road, Walthamstow, London, Greater London E17 5ES2

Local Rents

51 rents from £1.8K/mo to £3.6K/mo, average is £2.7K/mo.

RentDateDistanceAddressBeds 
£2,23505/240.05 miBlackhorse Lane, London, E172
£2,20003/240.06 miCollendale Road, Walthamstow, E17 6SZ2
£2,31504/240.07 miSopwith Avenue, London, E172
£2,21505/240.07 miSopwith Avenue, London, E172
£2,21505/240.07 miSopwith Avenue, London, E172
£1,85005/240.07 mi-2
£2,31504/240.09 miSopwith Avenue, London, E172
£2,24005/240.09 miSopwith Avenue, London, E172
£2,68804/240.11 mi104 D, 2 Vanguard Way, London, E17 6DL2
£2,68804/240.11 mi104 D, 2 Vanguard Way, London, E17 6DL2
£1,89503/240.12 miForest Road, London2
£2,00005/240.12 miChampness Close, Walthamstow, London, E172
£3,00504/240.14 miVanguard Way, London, E172
£2,60610/230.14 mi6 Vanguard Way, London, E17 6ZS2
£2,72504/240.14 mi2 Vanguard Way Walthamstow E172
£2,61005/240.15 mi-2
£2,96010/230.15 mi2 Vanguard Way, London, E17 6DL2
£3,10005/240.15 mi-2
£2,68803/240.15 mi104 D, 2 Vanguard Way, London, E17 6DL2
£2,68803/240.15 mi104 D, 2 Vanguard Way, London, E17 6DL2
£2,68804/240.15 mi2 Vanguard Way, London, E17 6DL2
£2,64904/240.15 mi506 C, 6 Vanguard Way, London, E17 6ZS2
£2,68804/240.15 mi2 Vanguard Way, London, E17 6DL2
£2,50404/240.15 mi304 D, 2 Vanguard Way, London, E17 6DL2
£2,68804/240.15 mi104 D, 2 Vanguard Way, London, E17 6DL2
£2,84710/230.15 mi208D, 2 Vanguard Way, London, E17 6DL2
£2,84710/230.15 mi2 Vanguard Way, London, E17 6DL2
£2,85503/240.15 mi308 D, 2 Vanguard Way, London, E17 6DL2
£2,64904/240.16 mi506 C, 6 Vanguard Way, London, E17 6ZS2
£2,79510/230.16 mi2 Vanguard Way, London, E17 6DL2
£2,74503/240.17 mi308 D Vanguard Way, London, E17 6DL2
£3,25003/240.17 miVanguard Way, London, E17 6ZN, UK2
£2,68303/240.17 mi002 A, 1 Vanguard Way, London, E17 6ZN2
£2,64903/240.17 mi506 c, Vanguard Way, London, E17 6ZS2
£2,35003/250.17 mi-2
£2,64904/240.17 mi506C,6 Vanguard Way, London, E172
£2,79510/230.17 miVanguard Way, London, E17 6ZR 2
£2,84604/240.17 mi208 D Vanguard Way, London, E17 6DL2
£2,68804/240.18 mi104 D, 2 Vanguard Way, London, E17 6DL2
£3,59004/240.18 miVanguard Way, London, E17 6DL, UK2
£2,68303/240.18 miVanguard Way, London, E172
£1,85005/240.18 miEssex Close, Walthamstow, London, E172
£2,64910/230.18 mi506 C, 7 Vanguard Way, London, E17 6ZS2
£2,00003/240.18 miKing Edward Road, Walthamstow2
£2,84703/240.19 mi208 D, 2 Vanguard Way, London, E17 6DL2
£2,96604/240.19 mi202A, 1 Vanguard Way, London, E17 6ZN2
£2,84704/240.19 mi208 D, 2 Vanguard Way, London, E17 6DL2
£2,25002/240.2 mi-2
£2,10005/240.21 mi-2
£1,75005/240.22 miChamberlain Place, Walthamstow, London, E172
£2,63804/240.23 mi4 Brookwell, 2 Wickford Way, London, E172

Local Area Statistics

Population in E17

102,968

Population in London

4,771,921

Town centre distance

5.09 miles away

Nearest school

0.20 miles away

Nearest train station

0.17 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+1%

Sales demand

Seller's market

Capital growth (5yrs)

+19%

Property History

Listed for £315,000

December 26, 2023

Floor Plans

Description

  • Two Bedroom First Floor Conversion Apartment +
  • Sold With No Onward Chain +
  • Brand New Lease of 125 Years Remaining & No Service Charge +
  • Open Plan Lounge/Kitchen/Diner +
  • Communal Entrance With Phone Entry System For Added Security +
  • Fully Double Glazed & Gas Central Heating Via Combination Boiler +
  • Maintained To A High Standard +
  • With In Walking Distance To Blackhorse Road Station +

Soothing, Stunning & Sun-Drenched, Welcome to the epitome of modern urban living at Blackhorse Lane, E17! Nestled on the first floor of a meticulously maintained conversion, this two-bedroom apartment offers the perfect blend of style, comfort, and convenience. With no onward chain, it boasts a brand-new 125-year lease, providing you with peace of mind and long-term ownership. The open-plan lounge, kitchen, and diner create a spacious and inviting atmosphere, perfect for entertaining or relaxing after a busy day. The communal entrance is equipped with a secure phone entry system, ensuring added safety for residents. Enjoy the benefits of fully double-glazed windows and gas central heating via a combination boiler, ensuring warmth and energy efficiency throughout the seasons. Meticulously maintained to a high standard, this residence is a testament to quality living. Positioned within walking distance to Blackhorse Road Station, commuting becomes a breeze, connecting you effortlessly to the heart of the city. Don't miss the chance to make this your new home sweet home!

Location

Situated along the lush and one-way stretch of Gloucester Road, this locale provides a myriad of opportunities to explore the enchanting landmarks of Walthamstow. A mere four-minute stroll from the residence reveals the beauty and botanical marvels of Higham Hill Park, featuring tennis and basketball courts, a children's play area, and a community café. Cheney Row Park, recently refurbished and reopened in May 2019, is also easily accessible—a brisk 13-minute walk or a quick 4-minute bike ride away. This park offers a nature-themed play area for children, an outdoor amphitheatre, enhanced natural zones for plants and wildlife, and more. For those yearning for a slightly more distant adventure, a 15-minute walk or a 6-minute bike ride leads to London's largest nature reserve, the 500-acre Green Flag award-winning Walthamstow Wetlands. Here, you can enjoy walking trails, bike rides, and immerse yourself in picturesque scenery. Conveniently close are essential amenities, including the Higham Hill Road Co-op and post office just a short walk from your front door. Treat yourself to a delightful Sunday roast at the tavern on the hill or savour an excellent Chinese takeaway from Phoenix on Higham Hill Road. Transportation options abound, with five bus stops within 0.24 miles of your front door, providing diverse travel destinations. Walthamstow Central and Blackhorse Road stations are 1.04 miles and 0.67 miles from the property, respectively, offering both underground and over ground transport choices. Lastly, a wealth of nursery, primary, and secondary schools lie within a 0.39-mile radius, all boasting good to outstanding Ofsted ratings.

Property Showcases

Approaching the communal entrance, a reassuring sense of safety accompanies the convenience of a phone entry system, adding an extra layer of security for residents. Upon stepping through the communal door, ascend the shared stairwell to access your private sanctuary. Your front door unveils a luminous and expansive lounge/kitchen/diner, a versatile open-plan area ideal for both relaxation and entertainment. Natural light bathes the lounge, creating an inviting ambiance. The kitchen seamlessly blends into the layout, equipped with contemporary conveniences and sleek appliances. This design ensures a harmonious coexistence of cooking, dining, and socialising, making the space not only practical but also aesthetically pleasing. Adjacent to the lounge, discover two well-appointed double bedrooms, providing a cosy retreat. Soft, carpeted flooring adds warmth, fostering a serene environment for rest and relaxation. The bedrooms are thoughtfully designed, offering a peaceful escape from the daily hustle and bustle. Connected to the lounge is a tastefully designed three-piece bathroom suite, blending functionality with style through contemporary fixtures and finishes. Whether for a quick morning shower or a tranquil retreat, the bathroom meets diverse needs. Neutral tones and modern finishes prevail throughout the property, contributing to a cohesive and contemporary aesthetic. The considerate layout ensures a seamless flow between each area, maximizing the sense of space and functionality. In summary, this first-floor conversion property with two bedrooms not only guarantees security and privacy but also presents a well-designed and stylish living space. From the open-plan layout and fully equipped kitchen to the comfortable bedrooms and modern bathroom, this property offers a delightful fusion of practicality and comfort for its fortunate residents.

Tenure & Council Tax

Tenure: Leasehold
Lease Length: 125 years from 01/01/2024
Ground Rent: £100 pa
Service Charge: £0 pa
Council Tax Band: B
Annual Council Tax Estimate: £1,509 pa

Lounge/Kitchen/Diner - 4.44 x 4.34 (14'6" x 14'2") - Double glazed window to rear aspect, spotlights, two single radiators, carpeted and tiled flooring, power points, TV aerial, phone point, tiled splash backs, range of base & wall units with roll top work surfaces, space for cooker, electric oven and gas hob, chimney style extractor with hood, space for fridge freezer, plumbing for washing machine, power points and combination boiler.

Bedroom One - 2.20 x 2.61 (7'2" x 8'6") - Double glazed window to side aspect, spotlights, single radiator, carpeted flooring, power points, TV aerial and phone point.

Bedroom Two - 2.20 x 2.68 (7'2" x 8'9") - Double glazed window to side aspect, spotlights, single radiator, carpeted flooring and power points.

Bathroom - 1.55 x 1.84 (5'1" x 6'0") - Spotlights, part tiled walls and tiled flooring, heated towel rail, extractor fan, shower cubicle with thermostatically controlled shower, hand wash basin with mixer tap and vanity unit, low level flush w/c.

Agent Details

Kings Group, Walthamstow

020 3873 9738

Next Steps?

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