2 Bed Flat, Single Let, Waltham Cross, EN8 9LP, £259,000

Manorcroft Parade, College Road, Cheshunt, EN8 9LP - 4 views - 10 months ago

Leasehold
BTL
ROI: 3%
~68 m²
+7 photos

ValuationUndervalued

Sold Prices£190K - £330K
Sold Prices/m²£3.2K/m² - £7.5K/m²

 

 

Square Metres

~68.11 m²
Price/m²£3.8K/m²

Value Estimate

£289,472
BMV12%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£64,750

Stamp Duty & Legal Fees

£9,420

Total Cash In

£74,170

 

 

Cash Out

 

Rent Range

£1,250 - £2,000

Rent Estimate

£1,266

Running Costs/mo

£1,083

Cashflow/mo

£183

Cashflow/yr

£2,201

ROI

3%

Gross Yield

6%

Local Sold Prices

50 sold prices from £190K to £330K, average is £250K. £3.2K/m² to £7.5K/m², average is £4.3K/m².

PriceDateDistanceAddressBeds 
£255K12/220.08 miFlat 42, Edwards Court, Turners Hill, Waltham Cross, Hertfordshire EN8 8SA2
£190K06/210.13 miFlat 46, Edwards Court, Turners Hill, Waltham Cross, Hertfordshire EN8 8SA2
£270K06/210.16 mi4a, Turners Hill, Cheshunt, Waltham Cross, Hertfordshire EN8 8LA2
£300K01/230.17 miFlat 12, Chapman Courtyard, Turners Hill, Cheshunt, Waltham Cross, Hertfordshire EN8 9FD2
£249K06/210.18 mi15, Guinevere Gardens, Waltham Cross, Hertfordshire EN8 8EJ2
£265K07/210.18 mi3, Guinevere Gardens, Waltham Cross, Hertfordshire EN8 8EJ2
£223K07/230.18 mi27, Guinevere Gardens, Cheshunt, Waltham Cross, Hertfordshire EN8 8EJ2
£257.5K11/200.23 mi1, Kelman Close, Waltham Cross, Hertfordshire EN8 8JL2
£205K11/220.23 miFlat 3, Alexander Court, Victoria Close, Cheshunt, Waltham Cross, Hertfordshire EN8 9EP2
£250K11/200.25 miFlat 7, Southgate House, Turners Hill, Cheshunt, Waltham Cross, Hertfordshire EN8 9DA2
£245K06/230.27 mi4a, Clarendon Road, Cheshunt, Waltham Cross, Hertfordshire EN8 9DL2
£270K11/220.28 miFlat 21, Northgate House, Turners Hill, Cheshunt, Waltham Cross, Hertfordshire EN8 9BY2
£205K06/230.31 miFlat 3, Glebe Court, Clarendon Road, Cheshunt, Waltham Cross, Hertfordshire EN8 9FB2
£225K12/200.31 miFlat 8, Glebe Court, Clarendon Road, Cheshunt, Waltham Cross, Hertfordshire EN8 9FB2
£235K03/230.32 mi16, Steward Close, Cheshunt, Waltham Cross, Hertfordshire EN8 8UW2
£240K07/210.33 miFlat 3, Pegasus House, Crossbrook Street, Cheshunt, Waltham Cross, Hertfordshire EN8 8JU2
£253K07/210.34 mi145, Downfield Road, Cheshunt, Waltham Cross, Hertfordshire EN8 8SS2
£265K01/230.38 mi38, Forest Road, Cheshunt, Waltham Cross, Hertfordshire EN8 9DB2
£242K02/210.39 mi109, Prospect Road, Cheshunt, Waltham Cross, Hertfordshire EN8 9QP2
£255K04/210.39 mi11, Dairyglen Avenue, Cheshunt, Waltham Cross, Hertfordshire EN8 8JW2
£256K09/210.39 mi7, Dairyglen Avenue, Cheshunt, Waltham Cross, Hertfordshire EN8 8JW2
£255K02/230.41 mi29, Oxford Close, Cheshunt, Waltham Cross, Hertfordshire EN8 9QN2
£235K11/220.41 mi7, Oxford Close, Cheshunt, Waltham Cross, Hertfordshire EN8 9QN2
£310K03/230.51 miFlat 7, Parkside, Montayne Road, Cheshunt, Waltham Cross, Hertfordshire EN8 8LS2
£250K05/210.55 mi69, Bellamy Road, Cheshunt, Waltham Cross, Hertfordshire EN8 9JU2
£215K03/210.56 mi46a, High Street, Cheshunt, Waltham Cross, Hertfordshire EN8 0AQ2
£260K04/210.56 mi42, Cecil Road, Cheshunt, Waltham Cross, Hertfordshire EN8 8TF2
£260K04/210.56 mi42, Cecil Road, Cheshunt, Waltham Cross, Hertfordshire EN8 8TF2
£310K02/230.62 mi12, St Marys Road, Cheshunt, Waltham Cross, Hertfordshire EN8 9PX2
£190K10/200.62 mi41, St Marys Road, Cheshunt, Waltham Cross, Hertfordshire EN8 9PX2
£279.5K02/230.62 miFlat 10, Akers Court, High Street, Waltham Cross, Hertfordshire EN8 7ED2
£229.5K03/210.63 mi29, Birchfield Road, Cheshunt, Waltham Cross, Hertfordshire EN8 9PL2
£240K12/200.65 miFlat 5, Trinity House, Trinity Lane, Waltham Cross, Hertfordshire EN8 7EF2
£227.5K11/200.65 miFlat 30, Trinity House, Trinity Lane, Waltham Cross, Hertfordshire EN8 7EF2
£330K05/210.7 mi65a, Bury Green Road, Cheshunt, Waltham Cross, Hertfordshire EN7 5AG2
£216.5K05/210.7 mi5, Kingsley Avenue, Cheshunt, Waltham Cross, Hertfordshire EN8 9PU2
£297.5K02/210.71 mi63, Stains Close, Cheshunt, Waltham Cross, Hertfordshire EN8 9JJ2
£250K06/210.72 mi6, Shaw Close, Cheshunt, Waltham Cross, Hertfordshire EN8 0HD2
£240K02/210.72 mi15, Shaw Close, Cheshunt, Waltham Cross, Hertfordshire EN8 0HD2
£315K11/220.73 mi42, Stains Close, Cheshunt, Waltham Cross, Hertfordshire EN8 9JL2
£240K03/210.73 mi7, Beecholm Mews, Cheshunt, Waltham Cross, Hertfordshire EN8 0DH2
£290K05/230.74 mi72, Whitefields Road, Cheshunt, Waltham Cross, Hertfordshire EN8 0EL2
£195K06/230.75 miFlat 41, Cliff Richard Court, High Street, Cheshunt, Waltham Cross, Hertfordshire EN8 0BE2
£190K06/210.75 miFlat 32, Cliff Richard Court, High Street, Cheshunt, Waltham Cross, Hertfordshire EN8 0BE2
£295K06/210.8 mi84, Davison Drive, Cheshunt, Waltham Cross, Hertfordshire EN8 0SX2
£310K11/220.81 mi80a, Cromwell Avenue, Cheshunt, Waltham Cross, Hertfordshire EN7 5DW2
£265K03/230.81 mi11, The Green, Cheshunt, Waltham Cross, Hertfordshire EN8 0HA2
£215K03/210.81 mi11, The Green, Cheshunt, Waltham Cross, Hertfordshire EN8 0HA2
£232.5K01/210.81 mi40, Hamburgh Court, Cheshunt, Waltham Cross, Hertfordshire EN8 0UL2
£237K04/230.83 miFlat 22, Burlington House, Swanfield Road, Waltham Cross, Hertfordshire EN8 7FG2

Local Rents

41 rents from £1.3K/mo to £2K/mo, average is £1.6K/mo.

RentDateDistanceAddressBeds 
£1,50004/240.03 miAlbury Grove Road, Cheshunt, EN82
£1,40004/240.06 miYukon Road, Broxbourne, EN102
£1,95009/240.07 mi-2
£1,60012/240.13 mi-2
£1,25003/240.16 miTurners Hill, Cheshunt, Waltham Cross, Hertfordshire, EN8 8LA2
£1,45004/250.24 mi-2
£1,60004/240.24 miSouthgate House, Turners Hill, Cheshunt, Waltham Cross, Hertfordshire, EN8 9DA2
£1,39512/240.26 mi-2
£1,27505/240.28 miKing Arthur Court, Cheshunt, Hertfordshire, EN82
£1,45004/240.29 miWindmill Lane, Waltham Cross, EN82
£1,70012/240.29 miRussells Ride, Cheshunt2
£1,60004/250.33 mi-2
£1,35004/250.34 mi-2
£1,60004/240.36 miDownfield Road, Cheshunt, Waltham Cross, Hertfordshire, EN8 8SS2
£1,60004/240.36 miDownfield Road, Cheshunt2
£1,60005/240.38 mi-2
£1,50003/250.38 mi-2
£1,37811/230.39 mi-2
£1,50012/240.39 miFriends Avenue, Cheshunt, Waltham Cross, Hertfordshire, EN82
£1,50012/240.39 miFriends Avenue, Cheshunt, Waltham Cross2
£1,90004/250.43 mi-2
£1,75004/240.43 mi-2
£1,75004/240.43 miDairyglen Avenue, Cheshunt, Waltham Cross, EN82
£1,59903/250.43 mi-2
£1,60004/240.45 miClifton Close, Cheshunt2
£1,90004/250.45 mi-2
£1,65003/250.45 mi-2
£1,49511/230.46 mi-2
£1,60004/250.46 mi-2
£1,60004/250.48 mi-2
£1,50004/240.48 miClaire Court, Cheshunt, EN82
£1,40004/240.48 miSpringfield Road, Cheshunt2
£1,50005/240.52 miHeaton Court, High Street, Cheshunt, Waltham Cross, Hertfordshire2
£1,45005/240.54 miHigh Street, Cheshunt2
£1,80003/250.54 mi-2
£1,72504/250.57 mi-2
£2,00002/250.6 mi-2
£1,65003/240.6 miPettys Close, Cheshunt2
£1,67503/250.61 mi-2
£1,70004/250.61 mi-2
£1,50004/240.62 miAkers Court, High Street, Waltham Cross2

Local Area Statistics

Population in EN8

35,758

Population in Waltham Cross

57,688

Town centre distance

0.92 miles away

Nearest school

0.30 miles away

Nearest train station

0.54 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+3%

Sales demand

Balanced market

Capital growth (5yrs)

+16%

Property History

Listed for £259,000

July 2, 2024

Floor Plans

Description

  • 2 x Flats +
  • Current total rent of £1900pcm inclusive of bills +
  • Studio Flat & a 1-Bedroom Flat +
  • Allocated Parking +
  • Walking Distance to Cheshunt BR Station +
  • Centrally Located Above Shops +
  • Multiple Shopping Facilities +
  • Fast Service to Tottenham Hale & Liverpool Street BR Station +
  • Call Woodhouse today +

Woodhouse are pleased to offer this investment opportunity, comprising of two apartments that are currently rented out on AST tenancies. The studio is renting out at £960pcm, with the 1-bed at £1050pcm. These rents include council tax and utilities. There are 2 x parking spots included, and the lease is 125 year lease from July 2014 (i.e. 115 years). The property is ideal for an Investor looking for a rental opportunity as the flats are in an area of very strong rental demand - centrally located above shop premises, and walking distance to Cheshunt Station (which takes you straight into Liverpool St in 20 minutes). Contact Woodhouse today to come and see what these flats have to offer you.

Agent Details

Woodhouse, Cheshunt

01992 662281

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪