4 Bed Semi-Detached House, Refurb/BRRR, London, E4 9RG, £850,000

5 Nightingale Avenue, London, Greater London, E4 9RG - 5 views - 8 months ago

Refurb/BRRR
~141 m²
+12 photos

ValuationOvervalued

Sold Prices£467K - £1.2M
Sold Prices/m²£4K/m² - £8.2K/m²

 

 

Square Metres

~141 m²
Price/m²£6K/m²

Value Estimate

£788,606

 

 

End Value (After Refurb)

£845,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£212,500

Stamp Duty & Legal Fees

£56,700

Refurb Costs

£74,594

Bridging Loan Interest

£22,313

Total Cash In

£367,856

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£845,000

Mortgage (After Refinance)

£633,750

Mortgage LTV

75%

Cash Left In

£367,856

Equity

£211,250

Rent Range

£1,800 - £3,500

Rent Estimate

£2,333

Running Costs/mo

£3,127

Cashflow/mo

£-794

Cashflow/yr

£-9,531

Gross Yield

3%

Local Sold Prices

50 sold prices from £467K to £1.2M, average is £802.5K. £4K/m² to £8.2K/m², average is £5.7K/m².

PriceDateDistanceAddressBeds 
£950K06/210.05 mi32, Forest Glade, Chingford, London, Greater London E4 9RH4
£1.2M03/230.05 mi18, Forest Glade, Chingford, London, Greater London E4 9RH4
£1.0M12/200.07 mi4, Sheredan Road, London, Greater London E4 9RW4
£730K11/200.09 mi182, The Avenue, London, Greater London E4 9RD4
£750K12/200.11 mi199, The Avenue, London, Greater London E4 9SD4
£625K02/210.12 mi64, Abbotts Crescent, London, Greater London E4 9SB4
£780K06/230.15 mi47, Abbotts Crescent, London, Greater London E4 9SA4
£885K07/220.15 mi21, Clivedon Road, London, Greater London E4 9RN4
£860K01/210.18 mi104, Forest Glade, London, Greater London E4 9RJ4
£800K03/210.24 mi2a, Richmond Avenue, Highams Park, London, Greater London E4 9RS4
£946K04/230.24 mi27, Lichfield Road, Woodford Green, Greater London IG8 9ST4
£810K12/220.25 mi24, Crofton Grove, London, Greater London E4 6NY4
£960K07/210.26 mi14, Falmouth Avenue, London, Greater London E4 9QR4
£627K12/210.26 mi51, Richmond Avenue, Highams Park, London, Greater London E4 9RR4
£868.5K10/220.26 mi91, Richmond Avenue, Highams Park, London, Greater London E4 9RR4
£738K07/230.26 mi99, Richmond Avenue, Highams Park, London, Greater London E4 9RR4
£960K07/210.26 mi14, Falmouth Avenue, London, Greater London E4 9QR4
£747.5K06/210.28 mi47, The Bramblings, London, Greater London E4 6LT4
£660K12/200.28 mi166, Coolgardie Avenue, London, Greater London E4 9HX4
£630K06/230.28 mi148, Coolgardie Avenue, London, Greater London E4 9HX4
£890K07/230.3 mi84, The Avenue, London, Greater London E4 9RA4
£865K07/230.3 mi72, The Avenue, London, Greater London E4 9RA4
£680K02/210.31 mi32, Manor Way, London, Greater London E4 6NW4
£920K08/230.33 mi27, Montalt Road, Woodford Green, Greater London IG8 9RS4
£745K07/210.34 mi11, Nightingale Close, London, Greater London E4 6ND4
£720K03/210.35 mi386, Larkshall Road, London, Greater London E4 9JB4
£690K07/220.36 mi28, Wood Lane, Woodford Green, Greater London IG8 9TE4
£655K06/210.38 mi31, Larkshall Crescent, London, Greater London E4 6NR4
£1.1M03/210.4 mi4, Henrys Avenue, Woodford Green, Greater London IG8 9RA4
£955K11/220.44 mi17, East View, London, Greater London E4 9JA4
£467K06/210.44 mi3, Conyers Close, Woodford Green, Greater London IG8 9PX4
£680K11/210.46 mi32, Mead Crescent, Chingford, London, Greater London E4 6NX4
£580K02/210.46 mi13, Mead Crescent, London, Greater London E4 6NX4
£1.0M01/230.47 mi12, Crealock Grove, Woodford Green, Greater London IG8 9QZ4
£600K03/210.48 mi17, Friday Hill West, London, Greater London E4 6JS4
£710K03/210.51 mi370, Hale End Road, London, Greater London E4 9PB4
£485K02/230.53 mi6, Bluehouse Road, London, Greater London E4 6HT4
£885K04/210.54 mi62, Hollywood Way, Woodford Green, Greater London IG8 9LQ4
£850K02/210.54 mi64, Hollywood Way, Woodford Green, Greater London IG8 9LQ4
£830K02/210.55 mi4, The Charter Road, Woodford Green, Greater London IG8 9QU4
£805K02/210.55 mi20, The Charter Road, Woodford Green, Greater London IG8 9QU4
£805K02/210.55 mi20, The Charter Road, Woodford Green, Greater London IG8 9QU4
£920K02/210.55 mi10, The Charter Road, Woodford Green, Greater London IG8 9QU4
£862.5K03/210.56 mi16, Preston Avenue, London, Greater London E4 9NL4
£796.1K06/230.62 mi96, Selwyn Avenue, London, Greater London E4 9LR4
£760K12/200.64 mi403, Hale End Road, Woodford Green, Greater London IG8 9LL4
£960K09/210.64 mi21, Mornington Road, Woodford Green, Greater London IG8 0TN4
£995K03/230.65 mi24, Chestnut Walk, Woodford Green, Greater London IG8 0TE4
£735K05/210.67 mi19, Harman Avenue, Woodford Green, Greater London IG8 9DS4
£647.5K10/200.67 mi1, Harman Avenue, Woodford Green, Greater London IG8 9DS4

Local Rents

33 rents from £1.8K/mo to £3.5K/mo, average is £2.3K/mo.

RentDateDistanceAddressBeds 
£3,50003/240.1 miForest Glade, Highams Park4
£1,95005/240.17 miRichmond Crescent, Highams Park, London. E4 9RU4
£3,50005/240.35 miCastle Avenue, Highams Park5
£2,50012/230.37 mi-3
£1,80003/240.39 miHatch Lane, London3
£2,10003/240.39 miBlackthorne Drive, Chingford Hatch E43
£1,80003/240.4 miHatch Lane, Chingford, E43
£1,80001/250.44 mi-3
£1,80004/240.44 miLakeview Court, E43
£2,40012/240.45 mi-3
£2,00005/240.46 miArmstrong Avenue, Woodford Green, Essex, IG83
£2,50005/240.47 mi-3
£2,25011/240.47 mi-3
£2,29503/240.49 miSilverdale Road, Highams Park3
£1,85004/240.49 mi-3
£2,20003/240.54 miLukin Crescent, Chingford E43
£2,00003/240.55 mi-3
£2,00003/240.57 miLukin Crescent, Chingford, E43
£2,40003/250.58 mi-3
£2,40012/240.58 mi-3
£2,30012/240.58 mi-3
£2,40003/250.58 mi-3
£2,40003/250.58 mi-3
£2,20003/240.59 miInks Green, Chingford3
£2,20004/240.59 miInks Green, Chingford3
£2,00004/240.6 miOak Hill, Woodford Green, Essex. IG8 9PA3
£2,55004/240.62 mi-3
£2,50003/240.62 mi-3
£2,50004/240.62 mi-3
£2,55003/240.62 miWittenham Way, Chingford, E43
£2,90003/240.62 mi-3
£2,40003/240.62 miSelwyn Avenue, Highams Park, Chingford, London, E44
£2,45005/240.62 miJacks Farm Way, Highams Park, E43

Local Area Statistics

Population in E4

60,225

Population in London

4,771,921

Town centre distance

7.62 miles away

Nearest school

0.40 miles away

Nearest train station

0.46 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+13%

Sales demand

Seller's market

Capital growth (5yrs)

+26%

Property History

Listed for £850,000

July 27, 2024

Sold for £322,500

2006

Floor Plans

Description

  • Located On One Of Highams Park's Premier Avenues +
  • Substanstial 4 Bed Semi Detached With A Loft Room +
  • Lounge, Kitchen/Dining Room & Conservatory +
  • Ground & 1st Floor Shower/W.C. & Family bathroom +
  • Garden, Garage, OSP & Potential for Improvements +
  • A Short Stroll From Local Schools, Station & Shops +

This substantial 4 bedroom, 3 bathroom semi-detached property offers plenty of living space with versatility, as well as being situated in one of Highams Park's most sought after Avenues!

The accommodation is laid out over three levels, with the ground floor offering a reception hall, with internal door to the garage, lounge and kitchen dining room, which also provides further access to the conservatory and handy downstairs shower room W.C.!

The first floor appointments include a split level landing, modern bathroom/wc, 4 sizeable bedrooms, one of which features an en-suite shower/wc. Whilst the second floor includes a landing, off which is a very useful loft room, presently being utilised as extra bedroom accommodation with additional eaves storage space.

To the front of the house, there is ample off street parking facilities as well as access to the integral garage/store room, and to the rear, there is a large garden for all the family to enjoy! This property also includes an "unused swimming pool" (that is currently covered) and a Pool House that is located to the rear boundary.

Highams Park mainline train station, village shops, schools, cafes and amenities are all just a short stroll away, as is the local park, beautiful lake and forestland! Transport links include local bus routes, as well as the A406 and M11 being just a few minutes drive away.

Agents Note: This property has been subject to some modernisation in part, but there is also plenty of opportunity to reconfigure the layout to make further improvements if required (subject to the usual permissions).

Agent Details

McRae's Sales, Lettings & Management, London

020 3856 7884

Next Steps?

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