2 Bed Flat, Single Let, Woodford Green, IG8 7ND, £300,000

211D177b Prospect Road, Woodford Green, IG8 7ND - 1 views - a year ago

Leasehold
BTL
ROI: 3%
~51 m²
+9 photos

ValuationOvervalued

Sold Prices£200K - £760K
Sold Prices/m²£4K/m² - £8.6K/m²

 

 

Square Metres

~50.60 m²
Price/m²£5.9K/m²

Value Estimate

£275,324

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£75,000

Stamp Duty & Legal Fees

£18,700

Total Cash In

£93,700

 

 

Cash Out

 

Rent Range

£1,400 - £2,700

Rent Estimate

£1,475

Running Costs/mo

£1,253

Cashflow/mo

£223

Cashflow/yr

£2,670

ROI

3%

Gross Yield

6%

Local Sold Prices

50 sold prices from £200K to £760K, average is £338K. £4K/m² to £8.6K/m², average is £5.4K/m².

PriceDateDistanceAddressBeds 
£300K12/220.28 mi92a, Snakes Lane East, Woodford Green, Greater London IG8 7HX2
£400K05/210.35 mi4, Cherry Tree Rise, Buckhurst Hill, Greater London IG9 6EX2
£336K04/210.41 mi5, Cherry Tree Rise, Buckhurst Hill, Greater London IG9 6ET2
£310K06/210.41 mi31, Cherry Tree Rise, Buckhurst Hill, Greater London IG9 6ET2
£385K10/220.41 mi1, Cherry Tree Rise, Buckhurst Hill, Greater London IG9 6ET2
£285K10/200.45 mi40a, Station Way, Buckhurst Hill, Essex IG9 6LN2
£320K01/210.45 mi32, Station Way, Buckhurst Hill, Essex IG9 6LN2
£375K08/210.48 mi5, Roxwell Way, Woodford Green, Greater London IG8 7JY2
£408K12/220.49 mi35, Finchingfield Avenue, Woodford Green, Greater London IG8 7JZ2
£377.5K06/210.49 mi33, Finchingfield Avenue, Woodford Green, Greater London IG8 7JZ2
£350K03/210.52 mi25, St Anthonys Avenue, Woodford Green, Greater London IG8 7EP2
£305K06/210.52 mi53, St Anthonys Avenue, Woodford Green, Greater London IG8 7EP2
£345K10/220.54 mi38, St Anthonys Avenue, Woodford Green, Greater London IG8 7EW2
£325K05/210.54 mi30, Tamar Square, Woodford Green, Greater London IG8 0EA2
£330K12/200.54 mi27, Tamar Square, Woodford Green, Greater London IG8 0EA2
£535K03/210.54 mi20, Ashdon Close, Woodford Green, Greater London IG8 0EF2
£370K10/200.54 mi90, Finchingfield Avenue, Woodford Green, Greater London IG8 7JR2
£390K12/220.54 mi30, St Anthonys Avenue, Woodford Green, Greater London IG8 7EW2
£341K11/210.54 mi32, St Anthonys Avenue, Woodford Green, Greater London IG8 7EW2
£370K11/210.54 mi64, St Anthonys Avenue, Woodford Green, Greater London IG8 7EW2
£405K11/220.59 mi31, Fyfield Road, Woodford Green, Greater London IG8 7JU2
£330K12/210.61 mi98, St Barnabas Road, Woodford Green, Greater London IG8 7DE2
£375K11/200.61 mi108, St Barnabas Road, Woodford Green, Greater London IG8 7DE2
£285K10/210.64 mi6, Copford Close, Woodford Green, Greater London IG8 8EH2
£350K11/220.67 mi11, Oakwood Close, Woodford Green, Greater London IG8 8EQ2
£370K02/230.68 mi43, Snakes Lane West, Woodford Green, Greater London IG8 0DE2
£325K06/210.7 miFlat 6, Highview House, Hornbeam Road, Buckhurst Hill, Essex IG9 6HH2
£325K01/210.7 miFlat 4, Highview House, Hornbeam Road, Buckhurst Hill, Essex IG9 6HH2
£358K11/200.7 mi55, Glengall Road, Woodford Green, Greater London IG8 0DN2
£325K12/210.72 mi9, Westfield Park Drive, Woodford Green, Greater London IG8 8FD2
£295K07/230.74 mi23, Hornbeam Road, Buckhurst Hill, Essex IG9 6JT2
£290K11/200.74 mi29a, Hornbeam Road, Buckhurst Hill, Essex IG9 6JT2
£265K02/210.74 mi23, Hornbeam Road, Buckhurst Hill, Essex IG9 6JT2
£210K03/230.75 miFlat 266, Sunset Court, Navestock Crescent, Woodford Green, Greater London IG8 7BE2
£350K03/210.78 miApartment 15, Raine Gardens, Mornington Road, Woodford Green, Greater London IG8 0UA2
£340K05/210.78 miApartment 6, Raine Gardens, Mornington Road, Woodford Green, Greater London IG8 0UA2
£300K05/210.79 mi333, Chigwell Road, Woodford Green, Greater London IG8 8PL2
£200K12/220.79 miFlat 182, Lambourne Court, Navestock Crescent, Woodford Green, Greater London IG8 7BD2
£280K11/210.8 mi42, Chalford Walk, Woodford Green, Greater London IG8 8PH2
£215K02/230.81 miFlat 90, Blenheim Court, Navestock Crescent, Woodford Green, Greater London IG8 7BB2
£335K03/210.84 mi38, Parkmore Close, Woodford Green, Greater London IG8 0SL2
£375K08/210.84 mi47, Parkmore Close, Woodford Green, Greater London IG8 0SL2
£307K07/230.84 mi44, Parkmore Close, Woodford Green, Greater London IG8 0SL2
£350K11/200.84 mi56, Parkmore Close, Woodford Green, Greater London IG8 0SL2
£760K05/210.85 mi27, Higham Road, Woodford Green, Greater London IG8 9JN2
£320K04/230.86 mi19, Parkmore Close, Woodford Green, Greater London IG8 0SJ2
£370K02/210.86 mi22, Parkmore Close, Woodford Green, Greater London IG8 0SJ2
£430K12/220.86 mi23, Parkmore Close, Woodford Green, Greater London IG8 0SJ2
£295K03/230.86 mi1, Love Lane, Woodford Green, Essex IG8 8BH2
£375K06/210.87 mi62, Chapelmount Road, Woodford Green, Greater London IG8 8HW2

Local Rents

23 rents from £1.4K/mo to £2.7K/mo, average is £1.9K/mo.

RentDateDistanceAddressBeds 
£1,70004/240.01 mi-2
£2,70003/250.01 mi-2
£2,30012/230.04 mi-2
£2,30002/250.04 mi-2
£1,75005/240.29 miMadeira Grove, Woodford Green2
£1,75005/240.29 miMadeira Grove, Woodford Green2
£1,90011/240.34 mi-2
£2,20005/240.36 mi-2
£1,85001/240.41 mi-2
£1,90007/240.41 mi-2
£1,90005/240.41 miThe Broadway, Woodford Green, IG82
£1,60005/240.43 miThe Albany , Woodford Green, 2
£1,75003/250.45 mi-2
£2,20008/240.49 miStation Way, Buckhurst Hill2
£1,50007/240.51 miHornbeam Road, Buckhurst Hill2
£1,50008/240.51 miHornbeam Road, Buckhurst Hill2
£1,55006/240.53 miBuckhurst Way, Buckhurst Hill2
£1,40008/240.53 miBuckhurst Way, Buckhurst Hill, IG9 6HD2
£1,60004/240.56 miWoodford Green, IG82
£1,60005/240.56 miWoodford Green, IG82
£1,90004/240.59 miStoneycroft Road, Chigwell, Essex, IG82
£1,90006/240.59 miWoodford Green2
£2,20005/240.6 miLatchingdon Gardens, Woodford Green2

Local Area Statistics

Population in IG8

35,894

Town centre distance

0.27 miles away

Nearest school

0.30 miles away

Nearest train station

0.34 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+27%

Sales demand

Balanced market

Capital growth (5yrs)

+12%

Property History

Listed for £300,000

May 13, 2024

Floor Plans

Description

  • Guide Price £300,000 - £325,000 +
  • 2 Bedroom Ground Floor Flat +
  • Garage On Block & Parking At Rear +
  • Immaculate Condition +
  • Close To Woodford Station +
  • Shops & Amenities Nearby +
  • Walkable To Parkland +
  • Ideal for First time buyers and Investors +
  • 138 Years Left On Lease +
  • No Service Charge +

2 Bedroom Ground Floor Flat - Garage en Bloc - Parking At Rear - Very Close To Woodford Station - Immaculate Condition Throughout - Ideal For First Time Buyers, downsizers and Investors - Close To Amenities - 138 Years remaining on Lease - No Service Charge

Being located very close to Woodford Underground Station and benefiting from parking and a garage on block is this very well presented 2 bedroom ground floor flat, The property is ideal for anyone who is looking to downsize, a first time buyer or investor. The property has a healthy lease, with 139 years remaining and doesn't have any service charge. This is a property that needs to be viewed to fully appreciate what's on offer.

Lease remaining: 138 years remaining
Service charge: None
Ground rent: TBC

Bowden Bradley Estate Agents are the seller's agent for this property. Your conveyancer is legally responsible for ensuring any purchase agreement fully protects your position. We make detailed enquiries of the seller to ensure the information provided is as accurate as possible. Please inform us if you become aware of any information being inaccurate.

Hallway -

Lounge/Diner - 3.63m x 4.09m max, 2.90m min (11'11 x 13'5 max, 9' -

Kitchen - 3.33m x 2.31m max 1.63m min (10'11 x 7'7 max 5'4 m -

Bathroom -

Bedroom - 3.30m x 3.10m (10'10 x 10'2 ) -

Bedroom - 3.12m x 1.98m (10'3 x 6'6 ) -

Garage -

Agent Details

Bowden Bradley, Hainault

020 3907 7766

Next Steps?

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