2 Bed Flat, Single Let, Loughton, IG10 2NA, £275,000

Swanshope, Loughton, IG10 2NA - a year ago

Sold STC
Leasehold
BTL
ROI: 5%
~49 m²
+8 photos

ValuationFair Value

Sold Prices£170K - £475K
Sold Prices/m²£2.3K/m² - £7.8K/m²

 

 

Square Metres

~49.40 m²
Price/m²£5.6K/m²

Value Estimate

£280,065

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£68,750

Stamp Duty & Legal Fees

£16,200

Total Cash In

£84,950

 

 

Cash Out

 

Rent Range

£1,395 - £2,200

Rent Estimate

£1,513

Running Costs/mo

£1,182

Cashflow/mo

£331

Cashflow/yr

£3,972

ROI

5%

Gross Yield

7%

Local Sold Prices

50 sold prices from £170K to £475K, average is £320K. £2.3K/m² to £7.8K/m², average is £5.7K/m².

PriceDateDistanceAddressBeds 
£285K11/210.05 mi82, Swanshope, Loughton, Essex IG10 2NB2
£285K12/200.05 mi83, Swans Hope, Loughton, Essex IG10 2NB2
£267.5K04/210.05 mi75, Swans Hope, Loughton, Essex IG10 2NB2
£295K11/200.11 mi125, Pyrles Lane, Loughton, Essex IG10 2NH2
£320K01/230.62 mi19, Bryony Close, Loughton, Essex IG10 3PG2
£295K05/230.62 mi20, Bryony Close, Loughton, Essex IG10 3PG2
£315K10/210.62 mi12, Bryony Close, Loughton, Essex IG10 3PG2
£290K12/200.64 mi38, Borders Lane, Loughton, Essex IG10 3QU2
£305K06/210.65 mi52, School House Gardens, Loughton, Essex IG10 3PD2
£325K11/200.65 mi24, School House Gardens, Loughton, Essex IG10 3PD2
£475K06/210.81 mi45, Queens Road, Loughton, Essex IG10 1RR2
£455K02/210.81 mi21, Queens Road, Loughton, Essex IG10 1RR2
£335K09/220.9 mi18, York Hill, Loughton, Essex IG10 1RL2
£265K03/210.97 mi297a, High Road, Loughton, Essex IG10 1AL2
£265K11/200.97 mi303a, High Road, Loughton, Essex IG10 1AL2
£265K03/210.97 mi297a, High Road, Loughton, Essex IG10 1AL2
£291.5K12/220.98 mi53, Longcroft Rise, Loughton, Essex IG10 3ND2
£255K01/210.98 mi84, Longcroft Rise, Loughton, Essex IG10 3ND2
£170K11/200.98 mi86, Longcroft Rise, Loughton, Essex IG10 3ND2
£241K11/201.05 mi133, Highwood Lane, Loughton, Essex IG10 3LY2
£218K06/231.05 mi154, Highwood Lane, Loughton, Essex IG10 3LY2
£280K12/201.07 mi31, Barncroft Road, Loughton, Essex IG10 3EY2
£323K04/211.07 mi4, Barncroft Road, Loughton, Essex IG10 3EY2
£305K04/211.07 mi11, Barncroft Road, Loughton, Essex IG10 3EY2
£340K12/221.07 mi31, Barncroft Road, Loughton, Essex IG10 3EY2
£310K02/211.07 mi22, Barncroft Road, Loughton, Essex IG10 3EY2
£250K09/211.09 mi98, Highwood Lane, Loughton, Essex IG10 3LX2
£232K06/231.09 mi106, Highwood Lane, Loughton, Essex IG10 3LX2
£320K01/211.15 mi134, River Way, Loughton, Essex IG10 3LL2
£317.5K10/201.15 mi126, River Way, Loughton, Essex IG10 3LL2
£343K02/211.16 mi109, River Way, Loughton, Essex IG10 3LN2
£283K06/211.17 mi99, River Way, Loughton, Essex IG10 3LN2
£350K06/211.17 mi145, River Way, Loughton, Essex IG10 3LN2
£370K07/231.38 mi3, Valley Close, Loughton, Essex IG10 3AB2
£335K09/211.39 mi24, Valley Close, Loughton, Essex IG10 3AB2
£370K01/211.4 mi10, Meadow Road, Loughton, Essex IG10 4HX2
£419.5K01/211.47 mi3a, Lower Park Road, Loughton, Essex IG10 4NB2
£462.5K06/211.49 miFlat 13, Collins Court, Lower Park Road, Loughton, Essex IG10 4NL2
£360K06/211.52 miFlat 41, Carlton House, Algers Road, Loughton, Essex IG10 4RS2
£395K11/201.52 miFlat 51, Carlton House, Algers Road, Loughton, Essex IG10 4RS2
£395K07/231.52 mi90, Lower Park Road, Loughton, Essex IG10 4NE2
£327.5K04/211.53 mi20, Forest Drive, Theydon Bois, Epping, Essex CM16 7EY2
£380K11/221.53 mi22, Forest Drive, Theydon Bois, Epping, Essex CM16 7EY2
£340K03/231.53 mi22b, Forest Drive, Theydon Bois, Epping, Essex CM16 7EY2
£400K02/231.54 mi7, Algers Road, Loughton, Essex IG10 4NQ2
£310K03/211.55 mi35, Cheltenham Gardens, Loughton, Essex IG10 3AW2
£410K03/231.56 mi1, Algers Mead, Loughton, Essex IG10 4NJ2
£415K02/231.56 mi18, Algers Close, Loughton, Essex IG10 4NH2
£385K06/211.56 mi6, Algers Close, Loughton, Essex IG10 4NH2
£340K12/201.62 mi5, Avondale Close, Loughton, Essex IG10 3DH2

Local Rents

43 rents from £1.4K/mo to £2.2K/mo, average is £1.8K/mo.

RentDateDistanceAddressBeds 
£1,50006/240.07 miDroveway Close, Loughton, IG102
£1,60005/240.07 mi4, Droveway, Loughton, Essex, IG102
£1,45006/240.07 miDroveway, Loughton, IG102
£1,70004/240.08 miSycamore Close, Loughton, IG102
£1,90004/240.12 miBurney Drive, Loughton, IG102
£1,70003/250.17 mi-2
£1,75005/240.22 mi-2
£1,85002/250.22 mi-2
£1,75005/240.22 miLawton Green, Loughton, IG102
£1,79904/240.3 mi-2
£1,79912/240.3 mi-2
£1,45004/240.36 miMilliners Court, Loughton2
£1,70005/240.42 miAbbess Terrace, Loughton2
£1,50004/240.42 miGoldings Hill, Loughton2
£1,60005/240.43 miLoughton, IG102
£1,39504/240.45 miHereward Green, Loughton, IG102
£1,80005/240.45 miAbbess Terrace, Loughton, IG102
£1,39501/240.45 miGoldings Hill, Loughton, Essex, IG102
£1,95004/240.46 miLower Road, Loughton, IG102
£2,09505/240.5 miAcademy Way, Loughton, IG102
£2,00004/240.5 miLoughton, IG102
£1,65004/240.5 miWillingale Road, Loughton, IG102
£2,00005/240.51 miAcademy Way Epping Gate, Loughton, IG102
£1,70004/240.51 miWillingale Road, Loughton2
£2,00004/240.52 miAcademy Way, Loughton, Essex, IG102
£1,99504/240.52 miAcademy Way, Loughton, IG102
£1,67503/240.52 mi-2
£1,55004/240.53 miCollege Close, Loughton, IG102
£2,10004/240.54 miBorders Lane, Loughton, Essex, IG102
£2,10004/240.54 miBorders Lane, Loughton, Essex, IG102
£2,10004/240.54 miBorders Lane, Loughton, Essex, IG102
£2,10004/240.54 miBorders Lane, Loughton, Essex, IG102
£2,10005/240.54 miBorders Lane, Loughton, Essex, IG102
£2,10005/240.54 miEpping Gate, Borders Lane,2
£1,85004/240.54 miLuna Court, Loughton2
£1,75004/240.55 miLuna Court, Newmans Lane, Loughton, IG102
£2,10005/240.57 miEpping Gate, Loughton2
£2,20004/240.58 miBorders Lane, Loughton2
£1,80004/240.59 miChurch Lane, Loughton, IG102
£2,00006/240.6 mi-2
£2,10004/240.6 miBorders Lane, Loughton, Essex, IG102
£1,69504/240.61 miLandmark House, The Broadway, Loughton, IG102
£1,85004/240.61 miLandmark House, The Broadway, Loughton2

Local Area Statistics

Population in IG10

31,513

Population in Loughton

31,515

Town centre distance

0.99 miles away

Nearest school

0.40 miles away

Nearest train station

0.77 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-3%

Sales demand

Balanced market

Capital growth (5yrs)

+11%

Property History

Listed for £275,000

January 30, 2024

Floor Plans

Description

  • <span>SOLD BY THE GOOD ESTATE AGENT</span> +
  • <span>Well maintained two bedroom second floor purpose built flat</span> +
  • <span>16ft lounge and modern kitchen</span> +
  • Stylish shower room  +
  • <span>Recently fitted double glazing</span> +
  • Approx. 148 years remaining  +
  • Service charge: approx. £87 per month +

GUIDE PRICE £275,000 - £300,000 - The Good Estate Agent are pleased to offer for sale this well maintained two bedroom second floor purpose built flat.  The property comprises of 16ft lounge, modern kitchen, stylish shower room and two bedrooms.  Features include approx.147 year lease, good storage and recently fitted double glazing.  Parking is on a first come, first serve basis. Lease; approx. 148 years remaining  Service charge: approx. £87 per month Peppercorn ground rent Convenient distance to Debden Central Line station, junior schools and local shops. The information provided about this property does not constitute or form part of an offer or contract, nor may be it be regarded as representations. All interested parties must verify accuracy and your solicitor must verify tenure/lease information, fixtures & fittings and, where the property has been extended/converted, planning/building regulation consents. All dimensions are approximate and quoted for guidance only as are floor plans which are not to scale and their accuracy cannot be confirmed. Reference to appliances and/or services does not imply that they are necessarily in working order or fit for the purpose.

Agent Details

The Good Estate Agent, National

01303 761722

Next Steps?

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