2 Bed Flat, Single Let, London, E15 4QB, £300,000

Paul Street, Stratford, London, E15 4QB - 5 views - 8 months ago

Sold STC

Leasehold

BTL

ROI: 7%

~65 m²

+11 photos

ValuationUndervalued

Sold Prices	£200K - £442.5K
Sold Prices/m²	£2.6K/m² - £8.8K/m²

Square Metres	~64.79 m²
Price/m²	£4.6K/m²
Value Estimate	£367,303£367,303
BMV	22%

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	£1,680 - £3,850£1,680 - £3,850
Rent Estimate	£1,800
Running Costs/mo	£1,318£1,318
Cashflow/mo	£483£483
Cashflow/yr	£5,790£5,790
ROI	7%7%
Gross Yield	7%7%

Local Sold Prices

47 sold prices from £200K to £442.5K, average is £352.5K. £2.6K/m² to £8.8K/m², average is £5.9K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£400K	12/22	0.1 mi	1, Barnby Street, London, Greater London E15 4PY	£5,405	74	2	Flat
£325K	08/21	0.1 mi	9, Barnby Street, London, Greater London E15 4PY	£4,851	67	2	Flat
£365K	06/23	0.13 mi	9, Chopwell Close, London, Greater London E15 4RP	£6,655	55	2	Flat
£367K	10/21	0.18 mi	1b, Aldworth Road, London, Greater London E15 4DN	£6,673	55	2	Flat
£385K	02/21	0.18 mi	1a, Aldworth Road, London, Greater London E15 4DN	£7,404	52	2	Flat
£341.5K	06/21	0.18 mi	1d, Aldworth Road, London, Greater London E15 4DN	£6,969	49	2	Flat
£275K	06/21	0.27 mi	Flat 5, Stafford Morris House, Church Street, Stratford, London, Greater London E15 3JY	-	-	2	Flat
£390K	06/21	0.37 mi	6, Gerry Raffles Square, London, Greater London E15 1BG	-	-	2	Flat
£380K	06/21	0.37 mi	31, Gerry Raffles Square, London, Greater London E15 1BG	£6,909	55	2	Flat
£415K	01/21	0.37 mi	119, Gerry Raffles Square, London, Greater London E15 1BQ	£5,895	70	2	Flat
£360K	10/20	0.37 mi	56, Gerry Raffles Square, London, Greater London E15 1BG	£7,018	51	2	Flat
£305K	04/23	0.41 mi	100b, Portway, London, Greater London E15 3QJ	£6,100	50	2	Flat
£370K	10/20	0.53 mi	25b, Maitland Road, London, Greater London E15 4EL	-	-	2	Flat
£335K	08/21	0.58 mi	1, Waddington Street, London, Greater London E15 1QJ	-	-	2	Flat
£345K	06/21	0.6 mi	24, Park Road, London, Greater London E15 3QP	£5,476	63	2	Flat
£353K	02/21	0.6 mi	100, Otter Close, London, Greater London E15 2PX	£6,193	57	2	Flat
£372.5K	06/23	0.6 mi	79, Otter Close, London, Greater London E15 2PT	£4,862	77	2	Flat
£330K	10/20	0.6 mi	20, Bisson Road, London, Greater London E15 2RD	£5,000	66	2	Flat
£406K	02/21	0.63 mi	4a, Bolton Road, London, Greater London E15 4JY	£6,548	62	2	Flat
£275K	08/21	0.63 mi	2, Otter Close, London, Greater London E15 2PZ	£4,661	59	2	Flat
£367K	06/21	0.63 mi	8, Otter Close, London, Greater London E15 2PZ	£6,016	61	2	Flat
£370K	04/21	0.63 mi	43, Otter Close, London, Greater London E15 2PZ	£6,736	55	2	Flat
£380K	06/21	0.63 mi	55b, Carnarvon Road, London, Greater London E15 4JW	£8,837	43	2	Flat
£346K	06/21	0.64 mi	75, Stratford Road, London, Greater London E13 0JN	£4,873	71	2	Flat
£310K	11/20	0.65 mi	47, Durban Road, London, Greater London E15 3BW	£4,471	69	2	Flat
£302.5K	11/20	0.66 mi	21, Holland Road, West Ham, London, Greater London E15 3BP	£5,216	58	2	Flat
£320K	10/20	0.68 mi	28, Memorial Avenue, London, Greater London E15 3BT	£5,079	63	2	Flat
£320K	08/22	0.69 mi	2a, Stork Road, London, Greater London E7 9HR	£8,421	38	2	Flat
£330K	01/23	0.7 mi	96, Maryland Street, London, Greater London E15 1JD	£6,542	50	2	Flat
£325K	02/23	0.71 mi	28, Knox Road, London, Greater London E7 9HW	£6,771	48	2	Flat
£340K	04/21	0.78 mi	76, Salmen Road, London, Greater London E13 0DT	£5,862	58	2	Flat
£410K	01/23	0.78 mi	61b, Albert Square, London, Greater London E15 1HJ	-	-	2	Flat
£360K	07/22	0.78 mi	15, Fothergill Close, London, Greater London E13 0LJ	£6,000	60	2	Flat
£353K	07/23	0.79 mi	177a, Ham Park Road, London, Greater London E7 9LG	£5,439	65	2	Flat
£320K	12/22	0.82 mi	3, Globe Road, London, Greater London E15 1RF	-	-	2	Flat
£285K	05/23	0.82 mi	2d, Chobham Road, London, Greater London E15 1LU	£6,271	45	2	Flat
£200K	03/23	0.83 mi	25, Carroll Close, London, Greater London E15 1RS	£2,597	77	2	Flat
£265K	02/23	0.83 mi	28, Carroll Close, London, Greater London E15 1RS	£3,487	76	2	Flat
£375K	03/23	0.84 mi	19, Gawsworth Close, London, Greater London E15 1RT	£4,213	89	2	Flat
£435K	01/21	0.85 mi	128, Chobham Road, London, Greater London E15 1LZ	-	-	2	Flat
£365K	02/23	0.88 mi	47a, Earlham Grove, London, Greater London E7 9AN	£4,740	77	2	Flat
£332.5K	05/21	0.89 mi	39, Hatfield Road, London, Greater London E15 1RA	£6,045	55	2	Flat
£324K	01/23	0.92 mi	23, Janson Close, London, Greater London E15 1TF	£4,467	73	2	Flat
£355K	10/21	0.93 mi	57, Selwyn Road, London, Greater London E13 0PY	-	-	2	Flat
£235K	05/21	0.94 mi	Flat 37, Willett House, Queens Road West, Plaistow, London, Greater London E13 0RX	-	-	2	Flat
£352.5K	11/20	0.99 mi	44, Claude Road, London, Greater London E13 0QB	£5,279	67	2	Flat
£442.5K	04/21	1 mi	93, Clova Road, London, Greater London E7 9AG	£5,304	83	2	Flat

Local Rents

50 rents from £1.7K/mo to £3.9K/mo, average is £2.2K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,800	03/24	0.04 mi	Pitchford Street \| Stratford \| E15	2	Flat
£2,383	04/24	0.05 mi	Marriott Road, London, E15	2	Terraced House
£2,000	03/24	0.05 mi	Paul Street, Stratford, London, E15	2	Flat
£2,000	03/24	0.05 mi	-	2	Terraced House
£2,000	03/24	0.05 mi	Pitchford Street, London, E15	2	Terraced House
£2,200	03/25	0.06 mi	-	2	Flat
£2,000	05/24	0.06 mi	-	2	Terraced House
£1,975	02/24	0.07 mi	-	2	Terraced House
£1,950	03/24	0.07 mi	Widden Street, Stratford, E15	2	Terraced House
£1,900	12/24	0.08 mi	-	2	Terraced House
£1,850	05/24	0.09 mi	-	2	Flat
£3,700	01/25	0.11 mi	-	2	Flat
£2,000	03/24	0.11 mi	Barnby Street, Stratford, E15	2	Flat
£2,100	03/25	0.12 mi	-	2	Flat
£1,680	04/24	0.13 mi	Chopwell Close, London, E15	2	Flat
£1,680	05/24	0.13 mi	-	2	Flat
£2,300	01/25	0.14 mi	-	2	Terraced House
£2,800	05/24	0.14 mi	-	2	Flat
£2,800	12/24	0.14 mi	-	2	Flat
£2,700	12/24	0.14 mi	-	2	Flat
£2,100	05/24	0.16 mi	West Ham Lane, Stratford Village, E15	2	Flat
£2,200	02/25	0.17 mi	-	2	Terraced House
£2,150	04/24	0.17 mi	Elmgreen Close, Stratford, London, E15	2	Terraced House
£1,800	12/24	0.18 mi	-	2	Terraced House
£2,000	01/25	0.18 mi	-	2	Terraced House
£1,798	03/24	0.18 mi	Aldworth Road, London, E15 4DL	2	Terraced House
£2,190	12/24	0.18 mi	-	2	Flat
£1,850	03/24	0.18 mi	Hallings Wharf Studios, Channelsea Road, Stratford, E15	2	Flat
£3,250	03/24	0.18 mi	Victoria Mills Studio, Stratford, London, E15	2	Flat
£3,250	04/24	0.18 mi	-	2	Flat
£2,880	01/25	0.18 mi	-	2	Flat
£2,000	02/25	0.18 mi	-	2	Terraced House
£3,850	02/25	0.19 mi	-	2	Flat
£2,300	03/24	0.19 mi	Victoria Mills Studios - Stratford - E15	2	Flat
£2,500	03/24	0.19 mi	Burford Road, London, E15	2	Flat
£2,300	04/24	0.19 mi	Faringford Road, Stratford E15	2	Terraced House
£2,300	04/24	0.2 mi	Faringford Road, Stratford, London, E15	2	Terraced House
£2,195	05/24	0.2 mi	-	2	Terraced House
£2,195	02/25	0.2 mi	-	2	Terraced House
£2,250	02/25	0.2 mi	-	2	Flat
£2,743	03/25	0.2 mi	-	2	Flat
£2,743	12/24	0.2 mi	-	2	Flat
£2,250	03/24	0.21 mi	Tennyson Road, E15	2	Flat
£1,850	03/24	0.21 mi	Tennyson Road, London, E15	2	Flat
£3,750	02/25	0.21 mi	-	2	Terraced House
£1,850	03/24	0.21 mi	Tennyson Road, London, E15	2	Flat
£1,950	03/24	0.21 mi	Tennyson Road, London, Greater London, E15	2	Flat
£1,850	03/24	0.21 mi	Tennyson Road, Stratford E15	2	Flat
£2,250	02/25	0.22 mi	-	2	Flat
£1,900	04/24	0.22 mi	Burford Wharf Apartments, Stratford E15	2	Flat

Local Area Statistics

Population in E15	52,19952,199
Population in London	4,771,9214,771,921
Town centre distance	4.75 miles away4.75 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	0.21 miles away0.21 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+16%+16%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+22%+22%

Property History

Listed for £300,000

July 25, 2024

Floor Plans

Description

Well-presented throughout +
Two double bedrooms +
Excellent transport links +
Well-maintained development +
Close to West Ham Park +

New to the market is this upper floor apartment, located in a sought-after area, offering a quiet and private tree-lined street. Boasting two well-appointed bedrooms, this property exudes a sense of comfort and warmth. The apartment features a balcony, providing a peaceful outdoor space to relax and unwind. Of additional, residents can also benefit from off-street parking. Situated in a purpose-built development, this property offers a harmonious blend of modern amenities and a classic design. With its affordable price point, this apartment presents an excellent opportunity for those looking to step onto the property ladder or invest in a desirable location.

Further Material Information available, please request from relevant branch.

Agent Details

Keatons, Stratford

020 3907 9979

Next Steps?

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

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2 Bed Flat, Single Let, London, E15 4QB, £300,000

ValuationUndervalued

CashflowsOpen in Analyser

Local Sold PricesDownload Show map

Local RentsDownload Show map

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Local Area Statistics

Property History

Floor Plans

Description

Agent Details

Next Steps?

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Local Sold Prices

Local Rents