2 Bed Flat, Single Let, London, E11 1BJ £335,000

Fairwood Court, 33 Fairlop Road, Leytonstone, London, E11 1BJ - 11 views - 2 years ago
Under Offer
Leasehold
BTL
ROI: 1%
~65 m²
Property image

ValuationUndervalued

Sold Prices£150K - £575K
Sold Prices/m²£4.4K/m² - £11.5K/m²

 

 

Square Metres

~65.21 m²
Price/m²£5.1K/m²

Value Estimate

£402,000
BMV20%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£83,750

Stamp Duty & Legal Fees

£15,500

Total Cash In

£99,250

 

 

Cash Out

 

Rent Range

£1,500 - £3,400

Rent Estimate

£1,488

Running Costs/mo

£1,364

Cashflow/mo

£124

Cashflow/yr

£1,482

ROI

1%

Gross Yield

5%

Local Sold Prices

50 sold prices from £150K to £575K, average is £449.7K. £4.4K/m² to £11.5K/m², average is £8K/m².

Price
Date
Distance
Address
Beds
 
£400K04/230.07 miFlat B, 20, Wallwood Road, London, Greater London E11 1DF2
£390K05/230.1 mi47, Wallwood Road, London, Greater London E11 1DQ2
£315K01/230.11 miFlat 3, Bloomsbury Court, Chelmsford Road, Leytonstone, London, Greater London E11 1DP2
£309K02/230.11 miFlat 12, Fairlop Court, Fairlop Road, Leytonstone, London, Greater London E11 1BG2
£480K01/250.13 mi3 Nicholas Court, 8, Wallwood Road, London E11 1DQ2
£440K07/250.13 mi5, 3 Nicholas Court, Wallwood Road, London E11 1DQ2
£350K06/210.13 miFlat 6, Queens Court, Queens Road, Leytonstone, London, Greater London E11 1BD2
£350K05/250.13 mi8, 39 Queens Court, Queens Road, London E11 1BD2
£350K05/250.13 mi8, 39 Queens Court, Queens Road, London E11 1BD2
£377K01/250.16 mi148 Dennis Court, 8, Hainault Road, London E11 1EN2
£445K12/220.16 mi203, Flat 4, Hainault Road, Leytonstone E11 1EU2
£405K06/210.22 mi460c, Grove Green Road, London, Greater London E11 1SL2
£330K06/210.26 mi3, Serbin Close, London, Greater London E10 6JL2
£245K01/250.28 mi16, Boscombe Avenue, London E10 6HY2
£480K02/230.3 mi140a, Wallwood Road, London, Greater London E11 1AN2
£480K02/230.3 miLower Ground Floor Flat, 140, Wallwood Road, London, Greater London E11 1AN2
£402.5K03/250.3 miGround Floor Flat, 3, Leigh Road, Leyton E10 6JH2
£489K06/230.32 mi144, Newport Road, London, Greater London E10 6PF2
£488.5K03/250.33 mi143, Albert Road, London E10 6PA2
£512.3K08/250.33 mi218, Albert Road, London E10 6PD2
£498.5K02/230.34 mi182, Albert Road, Leyton, London, Greater London E10 6PD2
£375K02/230.35 mi4b, Forest Road, Leytonstone, London, Greater London E11 1JT2
£150K06/210.36 mi91, Morley Road, London, Greater London E10 6LH2
£504K11/210.36 mi118, Newport Road, London, Greater London E10 6PG2
£480K01/250.38 mi92, Newport Road, Leyton E10 6PG2
£450K07/250.38 mi245, Murchison Road, London E10 6LT2
£450K06/230.38 mi4, Jersey Road, London, Greater London E11 4BL2
£435K06/230.38 mi26a, Fletcher Lane, London, Greater London E10 6JE2
£350K07/250.39 mi10, 137 Brodie Court, Newport Road, London E10 6QZ2
£495K02/250.4 mi1 Robart House, 20, Lemna Road, London E11 1FF2
£445K03/250.4 miFlat B, 47, Richmond Road, Leytonstone E11 4BX2
£530K12/240.4 mi95, Scotts Road, Leyton E10 6LN2
£432.5K01/230.4 miFlat A, 47, Richmond Road, Leytonstone, London, Greater London E11 4BX2
£421K06/210.42 mi144, Albert Road, Leyton, London, Greater London E10 6PB2
£511K02/230.44 mi33, Scotts Road, London, Greater London E10 6LN2
£330K09/210.45 miFlat B, 127, Poppleton Road, London, Greater London E11 1LS2
£525.1K01/250.46 mi118, Richmond Road, London E11 4BS2
£520K02/230.46 mi118, Richmond Road, Leytonstone, London, Greater London E11 4BS2
£440K12/240.46 mi604 Locke House, 18, High Road Leyton, London E10 6RN2
£429K04/250.46 mi6, 604 Locke House, High Road Leyton, London E10 6RN2
£500K02/230.47 miLower Maisonette, 56, Newport Road, London, Greater London E10 6PJ2
£520K12/240.47 mi73, Newport Road, London E10 6PH2
£496.6K01/230.47 mi117, Pearcroft Road, London, Greater London E11 4DP2
£575K05/250.47 mi50, Morley Road, London E10 6LL2
£575K05/250.47 mi50, Morley Road, London E10 6LL2
£490K12/220.48 mi65, Newport Road, London, Greater London E10 6PH2
£522K12/240.48 mi46, Morley Road, London E10 6LL2
£509.2K01/230.48 mi138, Richmond Road, Leytonstone, London, Greater London E11 4BS2
£449.4K10/210.48 mi110, Murchison Road, London, Greater London E10 6LX2
£480K10/210.49 mi83, Newport Road, London, Greater London E10 6PH2

Local Rents

50 rents from £1.5K/mo to £3.4K/mo, average is £1.8K/mo.

Rent
Date
Distance
Address
Beds
 
£1,75007/250 miFairwood Court, 33 Fairlop Road, Leytonstone, London, E11 1BJ2
£1,75007/250 miFairwood Court, London, E112
£1,75007/250 mi-2
£1,85010/250.01 miFairlop Road, Leytonstone, E112
£2,40708/250.05 mi-2
£1,70003/240.05 mi-2
£1,69911/250.07 miSeton Court. Leytonstone, E112
£1,67411/250.07 miSeton Court. Leytonstone, E112
£1,80011/250.1 miBulwer Road, London, E112
£1,70012/240.1 mi-2
£1,60006/250.1 mi-2
£1,85003/240.11 miFairlop Road, London, E112
£1,80009/250.12 miHainault Road, London, E112
£2,10010/250.12 miFairlop Road, London, E112
£2,10011/250.12 mi-2
£2,00005/250.12 mi-2
£1,60006/250.12 miFairlop Road, London, E112
£1,60007/250.12 mi-2
£1,95008/250.13 mi-2
£2,10008/250.13 mi-2
£1,90011/250.13 miFairlop Road, Leytonstone E112
£1,70003/250.13 mi-2
£1,60001/250.13 mi-2
£3,30004/240.13 mi-2
£3,30004/240.13 mi-2
£3,40004/250.13 mi-2
£3,40010/250.13 mi-2
£3,40009/250.13 mi-2
£1,70004/240.13 miQueens Road, Leytonstone, E112
£1,80010/230.13 miQueens Road, Leytonstone, E112
£1,89805/240.13 miHainult Road E112
£1,90004/250.14 mi-2
£1,70003/240.14 miBulwer Road, Leytonstone, E112
£1,85003/240.14 miQueens Road, Leytonstone, E11 1BA2
£1,82504/240.14 miQueens Road, Leytonstone, London, E112
£1,80007/250.14 miBulwer Road, Leytonstone2
£1,75007/250.14 miBulwer Road, Leytonstone, E112
£1,80005/250.15 miQueens Road, London, E112
£1,90003/240.15 miBulwer Road, London, E112
£1,70011/250.16 miBulwer Court Road, London, E112
£1,65011/250.16 miBulwer Court Road, Leytonstone2
£1,50004/240.16 miBulwer Court, London, E112
£1,50005/240.16 mi-2
£1,80004/240.16 miWoodriffe Road, Leytonstone, E112
£2,20010/250.16 miUpper Leytonstone, London, E112
£2,20010/250.16 miUpper Leytonstone, London, E112
£2,20011/250.16 miUpper Leytonstone, London, E112
£2,20011/250.16 miUpper Leytonstone, London, E112
£2,20010/250.16 mi-2
£1,65005/240.17 miBulwer Court Road, Leytonstone2

Local Area Statistics

Population in E11

55,128

Population in London

4,771,921

Town centre distance

5.47 miles away

Nearest school

0.20 miles away

Nearest train station

0.30 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-2%

Sales demand

Balanced market

Capital growth (5yrs)

+16%

Property History

Listed for £335,000

April 30, 2024

Floor Plans

Property image

Description

  • Two Bedroom Purpose Built Flat +
  • First Floor +
  • Double Bedrooms +
  • Upper Leytonstone +
  • Convenient Location +
  • Chain Free +
  • Gas Central Heating +
  • Communal Gardens +
  • Leasehold +
  • EPC Rating C +

A spacious two bedroom flat for sale in popular Upper Leytonstone, available chain-free and with exceptional amenities and transport links on the doorstep. Part of a purpose built block with communal gardens, the property includes two good sized bedrooms, a large reception room and an impressively large kitchen.  

The well-maintained building sits in an attractive residential area within mature communal gardens, providing privacy and a welcoming environment.

This spacious first floor flat has recently been redecorated throughout  - including new flooring - in a simple modern theme offering the perfect blank canvas for a purchaser to apply their own style.  

The large L-shaped hallway, which provides independent access to each room, has built-in storage, space for your coats and shoes, plus a wall-mounted intercom. Flooring is high quality contemporary grey timber laminate which also extends into the bathroom and kitchen. The first room to the left along the hallway is bedroom two, which has space for a double bed and additional furniture – perfect as either a child’s bedroom or a home office. Further along the hallway, again to the left, is the bathroom which has a white three piece suite comprising a W.C., a pedestal handbasin and a bathtub.  

Opposite the bathroom is the kitchen with a range of base and wall cabinets, a gas hob with extractor and a high-level oven and grill. There’s space for a washing machine and even a kitchen table. A large window provides views across the landscaped courtyard and beyond to neighbouring gardens. 

Returning to the hall and the next room to the left is the spacious reception room with its feature bay window and Adam-style fireplace with marble hearth. The room is large enough for comfortable seating and a dining table along with a TV unit and bookshelves. A large radiator sits below the window which looks out over the communal gardens.  

Finally, at the end of the hallway, is bedroom one – a lovely double room featuring built-in wardrobes and space for a cosy double bed, bedside cabinets, chests of drawers and a dressing table. The twin windows, each with a radiator below, make this a bright, comfortable and appealing space. The property is situated in the popular Upper Leytonstone area, with great amenities and transportation on your doorstep. There are many popular bars and restaurants close by, including the Filly Brook, the Arch Deli & Bar, the Heathcote and Star and the Unity Café. There are bus routes along Fairlop Road, the Leytonstone Central Line Underground station is a five minute walk at the end of the road and the Leyton Midland Road Overground station is around a ten minute walk.  

Some of London’s best green spaces are within easy reach, including both Leyton and Wanstead Flats, along with Hackney Marshes and the Walthamstow Wetlands Nature Reserve. The lovely Abbott’s Park with its tennis courts and outdoor Gym equipment is an easy stroll in less than five minutes.

To view this property, please contact a member of our friendly and helpful team of property professionals.

MATERIAL INFORMATION Tenure – Leasehold Lease - 991 years expiring in April 3015 Ground Rent - £100 Ground Rent Review Contact Agent for details Service Charge £1239 per year Service Charge Review September 2024 Council tax band – B

These property particulars have been prepared by Trading Places Estate and Letting Agents under the instruction of the owner and shall not constitute an offer or the basis of any contract. They are created as a general guide and our visit to the property was for the purpose of preparing these particulars. No form of survey, structural or otherwise was carried out. We have not tested any of the appliances, services or connections and therefore cannot verify them to be in working order or fit for the purpose. This includes heating systems. All measurements are subject to a margin of error, and photographs and floorplans are for guidance purposes only. Fixtures and fittings are only included subject to arrangement. Reference made to the tenure and where applicable lease term is based on information supplied by the owner and prospective buyers(s) must make their own enquiries regarding all matters referred to above.

Agent Details

Trading Places, Leytonstone

020 3906 2982

Next Steps?

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