2 Bed Flat, Single Let, Woodford Green, IG8 8DL, £285,000

Morgan Way, Woodford Green, IG8 8DL - 3 views - a year ago

Leasehold
BTL
ROI: 5%
~68 m²
+7 photos

ValuationUndervalued

Sold Prices£200K - £670K
Sold Prices/m²£4.2K/m² - £8.6K/m²

 

 

Square Metres

~68.11 m²
Price/m²£4.2K/m²

Value Estimate

£344,850
BMV21%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£71,250

Stamp Duty & Legal Fees

£11,500

Total Cash In

£82,750

 

 

Cash Out

 

Rent Range

£1,450 - £5,500

Rent Estimate

£1,600

Running Costs/mo

£1,231

Cashflow/mo

£369

Cashflow/yr

£4,433

ROI

5%

Gross Yield

7%

Local Sold Prices

50 sold prices from £200K to £670K, average is £332.5K. £4.2K/m² to £8.6K/m², average is £5.6K/m².

PriceDateDistanceAddressBeds 
£325K12/210.09 mi9, Westfield Park Drive, Woodford Green, Greater London IG8 8FD2
£375K06/210.16 mi62, Chapelmount Road, Woodford Green, Greater London IG8 8HW2
£375K06/210.16 mi62, Chapelmount Road, Woodford Green, Greater London IG8 8HW2
£350K11/220.17 mi11, Oakwood Close, Woodford Green, Greater London IG8 8EQ2
£285K10/210.18 mi6, Copford Close, Woodford Green, Greater London IG8 8EH2
£355K10/220.2 mi22, Chapelmount Road, Woodford Green, Greater London IG8 8HW2
£305K11/220.26 mi17, Wallers Close, Woodford Green, Greater London IG8 8BL2
£295K03/230.29 mi1, Love Lane, Woodford Green, Essex IG8 8BH2
£630K11/200.46 miFlat 20, Sutherland House, Rosebury Square, Woodford Green, Greater London IG8 8NS2
£575K03/210.48 miFlat 2, Osborne House, Hampstead Avenue, Woodford Green, Greater London IG8 8RE2
£450K03/210.48 miFlat 5, The Manor, Regents Drive, Woodford Green, Greater London IG8 8RT2
£480K11/200.48 miFlat 16, The Manor, Regents Drive, Woodford Green, Greater London IG8 8RT2
£600K03/210.52 miFlat 15, Wentworth House, Hampstead Avenue, Woodford Green, Greater London IG8 8QB2
£670K04/210.52 miFlat 9, Wentworth House, Hampstead Avenue, Woodford Green, Greater London IG8 8QB2
£477.5K02/210.53 miFlat 1, Bradfield House, The Boulevard, Woodford Green, Greater London IG8 8GR2
£640K06/210.61 miFlat 7, Kensington House, Richmond Drive, Woodford Green, Greater London IG8 8RJ2
£460K02/210.61 miFlat 12, Kensington House, Richmond Drive, Woodford Green, Greater London IG8 8RJ2
£408K12/220.67 mi35, Finchingfield Avenue, Woodford Green, Greater London IG8 7JZ2
£377.5K06/210.67 mi33, Finchingfield Avenue, Woodford Green, Greater London IG8 7JZ2
£300K06/210.67 mi23, Wedmore Avenue, Ilford, Greater London IG5 0XF2
£370K10/200.67 mi90, Finchingfield Avenue, Woodford Green, Greater London IG8 7JR2
£280K11/210.69 mi42, Chalford Walk, Woodford Green, Greater London IG8 8PH2
£375K08/210.69 mi5, Roxwell Way, Woodford Green, Greater London IG8 7JY2
£343K09/220.7 mi344, Fullwell Avenue, Ilford, Greater London IG5 0RY2
£300K05/210.71 mi333, Chigwell Road, Woodford Green, Greater London IG8 8PL2
£305K01/210.73 mi139a, Ravensbourne Gardens, Ilford, Greater London IG5 0XG2
£310K12/200.73 mi123, Ravensbourne Gardens, Ilford, Greater London IG5 0XG2
£315K02/220.73 mi113, Ravensbourne Gardens, Ilford, Greater London IG5 0XG2
£275K06/210.75 mi43a, Caernarvon Drive, Ilford, Greater London IG5 0XE2
£310K02/220.76 mi68, Caernarvon Drive, Ilford, Greater London IG5 0XE2
£405K11/220.76 mi31, Fyfield Road, Woodford Green, Greater London IG8 7JU2
£210K03/230.8 miFlat 266, Sunset Court, Navestock Crescent, Woodford Green, Greater London IG8 7BE2
£300K12/220.8 mi92a, Snakes Lane East, Woodford Green, Greater London IG8 7HX2
£232K02/220.83 mi257a, Fullwell Avenue, Ilford, Greater London IG5 0RD2
£200K12/220.84 miFlat 182, Lambourne Court, Navestock Crescent, Woodford Green, Greater London IG8 7BD2
£297K06/210.84 mi79, Caterham Avenue, Ilford, Greater London IG5 0QB2
£300K07/220.84 mi28a, Caernarvon Drive, Ilford, Greater London IG5 0XD2
£350K03/210.84 mi25, St Anthonys Avenue, Woodford Green, Greater London IG8 7EP2
£305K06/210.84 mi53, St Anthonys Avenue, Woodford Green, Greater London IG8 7EP2
£345K10/220.84 mi38, St Anthonys Avenue, Woodford Green, Greater London IG8 7EW2
£325K05/220.86 mi282, Fullwell Avenue, Ilford, Greater London IG5 0SA2
£250K12/220.86 mi304a, Fullwell Avenue, Ilford, Greater London IG5 0SA2
£390K12/220.86 mi30, St Anthonys Avenue, Woodford Green, Greater London IG8 7EW2
£341K11/210.86 mi32, St Anthonys Avenue, Woodford Green, Greater London IG8 7EW2
£370K11/210.86 mi64, St Anthonys Avenue, Woodford Green, Greater London IG8 7EW2
£215K02/230.86 miFlat 90, Blenheim Court, Navestock Crescent, Woodford Green, Greater London IG8 7BB2
£340K11/220.86 mi241, Chigwell Road, Woodford Green, Greater London IG8 8PP2
£320K02/220.86 mi22a, Caernarvon Drive, Ilford, Greater London IG5 0XD2
£278K06/220.87 mi235a, Fullwell Avenue, Ilford, Greater London IG5 0RB2
£315K02/220.87 mi298a, Fullwell Avenue, Ilford, Greater London IG5 0SA2

Local Rents

27 rents from £1.4K/mo to £5.5K/mo, average is £1.9K/mo.

RentDateDistanceAddressBeds 
£1,85005/240.14 miOak Wood Close, Woodford Green2
£1,45004/240.14 mi-2
£2,65004/240.15 miGaynes Hill Road, WOODFORD GREEN, IG82
£1,70005/240.15 miCopford Close, Woodford Green2
£1,90004/240.16 miStoneycroft Road, Chigwell, Essex, IG82
£1,90006/240.16 miWoodford Green2
£2,20005/240.17 miLatchingdon Gardens, Woodford Green2
£1,75004/240.17 miOak Wood Close, Chigwell, Essex, IG82
£1,85005/240.17 miWoodford Green2
£1,85005/240.17 miWoodford Green2
£1,85005/240.17 miOak Wood Close, Chigwell, Essex, IG82
£1,80004/240.22 miThurlby House, Chigwell Road, Chigwell, Essex, IG82
£1,60004/240.22 miWoodford Green, IG82
£1,60005/240.22 miWoodford Green, IG82
£1,80002/240.23 miThurlby House, Chigwell Road, Woodford Green, IG82
£1,60004/240.24 miClaybury Road2
£1,80003/250.25 mi-2
£1,90004/240.29 miUplands Road, Woodford Green, IG82
£2,19504/240.48 miRosebury Square, Repton Park IG82
£2,25005/240.48 miThe Manor, Regents Drive, Woodford Green, Greater London, IG82
£2,10004/240.48 miThe Manor, Repton Park, Woodford Green, IG82
£2,20012/240.48 mi-2
£5,50005/240.49 miManor Road, Chigwell2
£2,30012/240.57 mi-2
£2,30012/240.57 mi-2
£2,20002/250.61 mi-2
£1,75003/250.61 mi-2

Local Area Statistics

Population in IG8

35,894

Town centre distance

0.86 miles away

Nearest school

0.10 miles away

Nearest train station

0.88 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+27%

Sales demand

Balanced market

Capital growth (5yrs)

+12%

Property History

Listed for £285,000

February 24, 2024

Sold for £265,000

2015

Sold for £160,000

2008

Floor Plans

Description

  • Chain free +
  • Allocated parking +
  • Communal garden +
  • Gwynne Park Development +
  • New boiler +
  • Ground floor +
  • Spacious lounge/dining room +
  • Two double bedrooms +

A spacious two double bedroom flat, being offered chain free. The master has large fitted wardrobes, and both have sizeable windows to allow lots of natural light.

The large open plan living / dining room, with kitchen offset, has plenty of space for relaxing on the sofa and a dining table. The kitchen has integrated appliances, and an added bonus of a breakfast bar. Dual aspect windows, is brilliant either end of the room for those summer months. The modern family bathroom consists of an electric shower above the bath, WC, sink and additional storage. The flat is provided with Gas central heating.

In addition, there are delightful well-maintained communal gardens. With a seating area, and communal washing lines if you wish to use. There is also an allocated car parking space.

The location of the property is excellent, with a cut through to the Woodford Bridge parade of shops. This includes a range, from a supermarket, cafes, restaurants and more. There are a number of bus routes that you can easily access, such as the W14. For car users, M11, M25 and the north circular are accessible.
Outdoor enthusiasts will appreciate the close proximity to Ray Park for weekend strolls, cycle rides or dog walks.

Agent Details

haart, South Woodford

020 3840 3786

Next Steps?

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