6 Bed HMO, London, E6 3DZ, £650,000

Central Park Road, London, E6 3DZ - 11 views - a year ago

Under Offer

HMO

ROI: 5%

~186 m²

+13 photos

ValuationUndervalued

Sold Prices	£216K - £4.3M
Sold Prices/m²	£1.5K/m² - £10.5K/m²

Square Metres	~186 m²
Price/m²	£3.5K/m²
Value Estimate	£793,000£793,000
BMV	22%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£162,500£162,500
Stamp Duty & Legal Fees	£40,700£40,700
Total Cash In	£203,200£203,200

Cash Out
Room Rate	£789£789
Gross Rent	£4,734£4,734
Running Costs/mo	£3,806£3,806
Cashflow/mo	£928£928
Cashflow/yr	£11,138£11,138
ROI	5%5%
Gross Yield	9%9%

Local Sold Prices

20 sold prices from £216K to £4.3M, average is £999K. £1.5K/m² to £10.5K/m², average is £5.2K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£575K	12/20	1.11 mi	121, Whyteville Road, London, Greater London E7 9LS	£3,662	157	6	Terraced House
£1.0M	06/22	1.3 mi	35, Margery Park Road, London, Greater London E7 9LA	-	-	6	Detached House
£1.3M	06/23	1.37 mi	32, Claremont Road, London, Greater London E7 0QB	£6,473	205	6	Detached House
£1.1M	01/23	1.46 mi	88, Hampton Road, Forest Gate, London, Greater London E7 0NU	-	-	6	Detached House
£982.5K	11/20	1.47 mi	58, Hampton Road, London, Greater London E7 0PB	£5,171	190	6	Terraced House
£998K	10/22	1.6 mi	59, Earlham Grove, London, Greater London E7 9AN	£9,505	105	6	Semi-Detached House
£1.0M	10/22	1.7 mi	13, Gladding Road, London, Greater London E12 5DD	£5,988	167	6	Semi-Detached House
£216K	05/23	1.84 mi	58, Victoria Road, Barking, Greater London IG11 8PY	£1,459	148	6	Terraced House
£275.3K	11/21	2.25 mi	32, Aldersey Gardens, Barking, Greater London IG11 9UQ	£1,600	172	6	Terraced House
£1.7M	12/22	2.55 mi	75, Blake Hall Road, Wanstead, London, Greater London E11 3QX	£6,144	271	6	Semi-Detached House
£740K	10/21	2.6 mi	79, Upney Lane, Barking, Greater London IG11 9LD	£3,575	207	6	Semi-Detached House
£874K	03/22	2.69 mi	23, Beccles Drive, Barking, Greater London IG11 9HX	£2,953	296	6	Semi-Detached House
£4.3M	04/22	2.69 mi	Lock Cottage, Dace Road, London, Greater London E3 2NN	-	-	6	Detached House
£650K	01/21	2.76 mi	92, South Park Road, Ilford, Greater London IG1 1SZ	£3,693	176	6	Terraced House
£987.5K	01/23	2.77 mi	17, Cavendish Gardens, Ilford, Greater London IG1 3EA	-	-	6	Terraced House
£690K	10/20	2.81 mi	109, Balfour Road, Ilford, Greater London IG1 4HS	£3,557	194	6	Semi-Detached House
£1.8M	03/23	2.9 mi	54, Overton Drive, London, Greater London E11 2NJ	£8,411	214	6	Semi-Detached House
£1.1M	12/22	3 mi	18, Blake Hall Road, Wanstead, London, Greater London E11 2QD	£9,591	115	6	Terraced House
£2.6M	04/21	3 mi	21, St Marys Avenue, London, Greater London E11 2NR	-	-	6	Detached House
£1.6M	06/21	3 mi	17, St Marys Avenue, London, Greater London E11 2NR	£10,537	149	6	Detached House

Local Area Statistics

Population in E6	78,95578,955
Population in London	4,771,9214,771,921
Town centre distance	6.25 miles away6.25 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.46 miles away0.46 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+17%+17%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+22%+22%

Property History

Price changed to £650,000

November 8, 2024

Price changed to £675,000

September 21, 2024

Listed for £725,000

January 3, 2024

Floor Plans

Description

FREEHOLD - TERRACED HOUSE +
135m²/ 1,453ft² +
USE CLASS C4 HMO - DWELLING +
BRIGHT AND SPACIOUS TWO RECEPTIONS +
LARGE KITCHEN DINNER +
TWO FULL BATHROOMS +
GREEN STREET SHOPPING STREET NEARBY +
CLOSE TO UPTON PARK DISTRICT LINE +

The property comprises of a large fitted kitchen and dining area, spacious lounge, separate conservatory room, bathroom and private courtyard to the rear of the property. On the first floor there are five bedrooms, bathroom and finished with laminate flooring and neutral décor throughout. The final bedroom is set on the top floor which has ample storage.

Central Park Road is a quiet residential street with easy access to a variety of restaurants and local amenities. Newham University Hospital and Central Park are also found in close proximity.

Tenure: Freehold

Agent Details

Allen Goldstein, Bloomsbury

020 3834 8770

Next Steps?

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