2 Bed Terraced House, Single Let, London, E12 6EA, £300,000

Romford Road, Manor Park, E12 6EA - 1 views - a year ago

Sold STC

BTL

ROI: 4%

~55 m²

+2 photos

ValuationFair Value

Sold Prices	£204K - £562K
Sold Prices/m²	£2.5K/m² - £9.8K/m²

Square Metres	~55.20 m²
Price/m²	£5.4K/m²
Value Estimate	£304,210£304,210

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£75,000£75,000
Stamp Duty & Legal Fees	£12,700£12,700
Total Cash In	£87,700£87,700

Cash Out
Rent Range	£1,450 - £2,200£1,450 - £2,200
Rent Estimate	£1,538
Running Costs/mo	£1,265£1,265
Cashflow/mo	£273£273
Cashflow/yr	£3,275£3,275
ROI	4%4%
Gross Yield	6%6%

Local Sold Prices

34 sold prices from £204K to £562K, average is £408.5K. £2.5K/m² to £9.8K/m², average is £5.6K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£380K	03/22	0.12 mi	53, Washington Avenue, London, Greater London E12 5JA	£4,935	77	2	Semi-Detached House
£315K	03/23	0.13 mi	11a, Oregon Avenue, London, Greater London E12 5JE	-	-	2	Terraced House
£405K	12/22	0.21 mi	34, Worcester Road, London, Greater London E12 5JX	£6,750	60	2	Terraced House
£440.1K	11/22	0.24 mi	77, Fourth Avenue, London, Greater London E12 6DP	£5,129	86	2	Terraced House
£353.7K	01/23	0.24 mi	153, Second Avenue, London, Greater London E12 6EN	£6,316	56	2	Terraced House
£300K	11/20	0.32 mi	1a, Colchester Avenue, London, Greater London E12 5LF	£6,073	49	2	Semi-Detached House
£204K	11/22	0.32 mi	15, Colchester Avenue, London, Greater London E12 5LF	-	-	2	Semi-Detached House
£380K	01/21	0.34 mi	27, Keller Crescent, London, Greater London E12 5DT	£5,938	64	2	Terraced House
£365K	11/20	0.36 mi	74, Dersingham Avenue, London, Greater London E12 5QE	£4,398	83	2	Terraced House
£460K	12/22	0.47 mi	28, St Winefrides Avenue, London, Greater London E12 6HQ	£4,299	107	2	Terraced House
£366K	05/23	0.55 mi	6, Sally Murray Close, London, Greater London E12 5NX	-	-	2	Terraced House
£440K	02/21	0.59 mi	129, Clarence Road, London, Greater London E12 5BH	£4,681	94	2	Terraced House
£562K	11/22	0.65 mi	156, Byron Avenue, Manor Park, London, Greater London E12 6NH	£5,677	99	2	Terraced House
£540K	02/21	0.66 mi	156, Byron Avenue, Manor Park, London, Greater London E12 6NH	£5,455	99	2	Terraced House
£390K	03/21	0.67 mi	14, Quakers Place, London, Greater London E7 8AG	£6,964	56	2	Terraced House
£431.5K	12/22	0.71 mi	23, Clifton Road, London, Greater London E7 8QE	-	-	2	Terraced House
£395K	07/23	0.71 mi	4, Eltisley Road, Ilford, Greater London IG1 2EP	-	-	2	Terraced House
£418K	03/21	0.72 mi	30, Colston Road, London, Greater London E7 8QD	£5,806	72	2	Terraced House
£250K	03/21	0.73 mi	92, Westbury Road, Ilford, Greater London IG1 3BW	£2,472	101	2	Terraced House
£370K	04/21	0.76 mi	56, Audrey Road, Ilford, Greater London IG1 2DY	-	-	2	Terraced House
£540K	06/21	0.78 mi	6a, Balmoral Road, London, Greater London E7 0QZ	£5,347	101	2	Semi-Detached House
£540K	06/21	0.78 mi	6a, Balmoral Road, London, Greater London E7 0QZ	£5,347	101	2	Semi-Detached House
£552K	10/20	0.79 mi	100, Halley Road, London, Greater London E7 8DU	£6,345	87	2	Terraced House
£375K	03/21	0.82 mi	2, Hamilton Road, Ilford, Greater London IG1 2EU	-	-	2	Terraced House
£278K	12/20	0.87 mi	4, Westmorland Close, London, Greater London E12 5HS	£3,658	76	2	Terraced House
£425K	06/21	0.87 mi	5, Westmorland Close, London, Greater London E12 5HS	-	-	2	Terraced House
£412K	01/21	0.88 mi	36, Leigh Road, London, Greater London E6 2AS	£5,568	74	2	Terraced House
£499K	03/21	0.9 mi	83a, Windsor Road, London, Greater London E7 0QY	£9,784	51	2	Terraced House
£440.3K	01/23	0.91 mi	36, Leigh Road, London, Greater London E6 2AS	£5,950	74	2	Terraced House
£390K	12/22	0.93 mi	31a, Courtland Avenue, Ilford, Greater London IG1 3DN	£6,393	61	2	Terraced House
£360K	09/21	0.93 mi	57a, Mansfield Road, Ilford, Greater London IG1 3BB	-	-	2	Terraced House
£450K	04/21	0.94 mi	41, Wingate Road, Ilford, Greater London IG1 2JB	£5,625	80	2	Terraced House
£440K	12/20	0.95 mi	45, Rutland Road, Forest Gate, London, Greater London E7 8PQ	£4,536	97	2	Terraced House
£450K	03/23	0.98 mi	26, Halley Road, London, Greater London E7 8DT	-	-	2	Terraced House

Local Rents

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

Rent	Date	Distance	Address	Beds	Type
£1,800	04/25	0.05 mi	-	2	Flat
£1,700	05/24	0.09 mi	-	2	Flat
£1,700	05/24	0.09 mi	Ground Floor, London, E12	2	Flat
£1,750	02/25	0.11 mi	-	2	Flat
£1,800	05/24	0.11 mi	-	2	Flat
£1,750	04/24	0.13 mi	Washington Avenue, London, E12	2	Flat
£1,800	05/24	0.13 mi	-	2	Flat
£1,600	04/25	0.13 mi	-	2	Flat
£1,725	05/24	0.14 mi	-	2	Flat
£1,900	05/24	0.15 mi	Manor Park, London, E12	2	Flat
£1,800	05/24	0.17 mi	-	2	Flat
£1,750	03/24	0.2 mi	-	2	Flat
£1,850	03/24	0.26 mi	Third Avenue, London, E12	2	Flat
£1,700	04/24	0.27 mi	Manor Park, London, E12	2	Flat
£1,700	04/24	0.27 mi	-	2	Flat
£1,500	01/25	0.28 mi	-	2	Flat
£1,750	01/25	0.29 mi	-	2	Flat
£2,000	02/25	0.3 mi	-	2	Flat
£2,050	01/25	0.3 mi	-	2	Flat
£2,200	03/25	0.32 mi	-	2	Terraced House
£1,650	04/25	0.32 mi	-	2	Flat
£1,650	03/24	0.33 mi	Romford Road, London, E12	2	Flat
£1,950	12/24	0.33 mi	-	2	Flat
£1,850	02/25	0.33 mi	-	2	Flat
£1,750	04/24	0.35 mi	Salisbury Road	2	Terraced House
£1,900	05/24	0.37 mi	Romford Road, Manor Park, London, E12	2	Flat
£1,800	01/25	0.42 mi	-	2	Flat
£1,950	04/25	0.43 mi	-	2	Flat
£1,600	05/24	0.44 mi	Sheridan Road, London, E12 6QY	2	Flat
£1,695	03/24	0.44 mi	Church Road, Manor Park, E12	2	Flat
£2,000	01/25	0.44 mi	-	2	Flat
£2,150	03/25	0.45 mi	-	2	Flat
£1,700	04/25	0.45 mi	-	2	Flat
£1,450	03/25	0.45 mi	-	2	Flat
£1,700	04/25	0.46 mi	-	2	Flat
£1,500	05/24	0.46 mi	-	2	Semi-Detached House
£1,650	03/24	0.48 mi	Sherrard Road, E12	2	Flat
£1,690	04/25	0.48 mi	-	2	Flat
£1,900	03/24	0.48 mi	Springate House, Walton Road, London, E12	2	Flat
£2,100	12/24	0.48 mi	-	2	Terraced House
£2,200	02/24	0.49 mi	-	2	Flat
£1,900	02/24	0.49 mi	-	2	Flat
£2,000	01/25	0.49 mi	-	2	Flat
£2,000	03/25	0.49 mi	-	2	Flat
£1,850	01/25	0.5 mi	-	2	Flat
£1,800	04/25	0.51 mi	-	2	Flat
£1,800	04/25	0.51 mi	-	2	Flat
£1,500	03/25	0.52 mi	-	2	Flat
£1,990	03/25	0.53 mi	-	2	Semi-Detached House
£2,200	03/25	0.53 mi	-	2	Flat

Local Area Statistics

Population in E12	41,86941,869
Population in London	4,771,9214,771,921
Town centre distance	7.02 miles away7.02 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	0.28 miles away0.28 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+6%+6%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+25%+25%

Property History

Listed for £300,000

February 8, 2024

Floor Plans

Description

2 BEDROOMS +
LOUNGE +
KITCHEN +
G/FLOOR SHOWER ROOM +
GAS CENTRAL HEATING +
NO CHAIN +
EASY ACCESS TO MANOR PARK STATION +
CLOSE TO WANSTEAD FLATS +
VACANT +
EARLY VEWING RECOMMENDED +

A REFURBISHED 2 BED TERRACED MEWS HOUSE. SITUATED JUST OFF ROMFORD ROAD. CLOSE TO WANSTEAD FLATS AND EASY ACCESS TO MANOR PARK STATION (ELIZABETH LINE). VACANT. NO CHAIN. EARLY VIEWING RECOMMENDED.