2 Bed Flat, Single Let, London, E4 6RN, £300,000

Chingford Avenue, Chingford, E4 6RN - 2 views - 8 months ago

Leasehold

BTL

ROI: 4%

~68 m²

+4 photos

ValuationUndervalued

Sold Prices	£137.5K - £775K
Sold Prices/m²	£2.8K/m² - £6.8K/m²

Square Metres	~68.11 m²
Price/m²	£4.4K/m²
Value Estimate	£363,259£363,259
BMV	21%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£75,000£75,000
Stamp Duty & Legal Fees	£21,200£21,200
Total Cash In	£96,200£96,200

Cash Out
Rent Range	£1,450 - £2,550£1,450 - £2,550
Rent Estimate	£1,613
Running Costs/mo	£1,280£1,280
Cashflow/mo	£333£333
Cashflow/yr	£3,995£3,995
ROI	4%4%
Gross Yield	6%6%

Local Sold Prices

39 sold prices from £137.5K to £775K, average is £317K. £2.8K/m² to £6.8K/m², average is £5.3K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£337K	04/23	0.05 mi	Flat 2, Kingsmead Lodge, Heathcote Grove, London, Greater London E4 6RU	-	-	2	Flat
£295K	02/21	0.05 mi	Flat 2, Kingsmead Lodge, Heathcote Grove, London, Greater London E4 6RU	-	-	2	Flat
£345K	04/23	0.08 mi	70, Chingford Avenue, Chingford, London, Greater London E4 6RP	£5,565	62	2	Flat
£372.5K	06/21	0.09 mi	Ground Floor Flat, 41a, Chingford Avenue, Chingford, London, Greater London E4 6RJ	-	-	2	Flat
£377K	02/23	0.11 mi	8, Hale Close, London, Greater London E4 6SA	£5,310	71	2	Flat
£320K	06/21	0.11 mi	Flat 29, Ingrebourne Court, Chingford Avenue, London, Greater London E4 6RL	-	-	2	Flat
£317.5K	06/21	0.11 mi	Flat 4, Ingrebourne Court, Chingford Avenue, Chingford, London, Greater London E4 6RL	-	-	2	Flat
£280K	01/21	0.18 mi	Flat 12, Phoenix Court, Chingford Avenue, Chingford, London, Greater London E4 6RH	-	-	2	Flat
£285K	05/21	0.18 mi	Flat 2, Phoenix Court, Chingford Avenue, Chingford, London, Greater London E4 6RH	-	-	2	Flat
£305K	03/21	0.23 mi	17, Peel Close, London, Greater London E4 6XU	£5,169	59	2	Flat
£317K	04/21	0.36 mi	26, Suffield Road, London, Greater London E4 9TA	£5,870	54	2	Flat
£380K	07/23	0.42 mi	26, Shingly Place, London, Greater London E4 6AE	£5,352	71	2	Flat
£405K	02/23	0.42 mi	66, Shingly Place, London, Greater London E4 6AE	£5,192	78	2	Flat
£310K	01/23	0.43 mi	108b, New Road, London, Greater London E4 9SY	£6,327	49	2	Flat
£360K	12/20	0.47 mi	42, Woodland Road, Chingford, London, Greater London E4 7EU	£5,538	65	2	Flat
£275K	12/20	0.48 mi	11, Woodland Road, London, Greater London E4 7ET	-	-	2	Flat
£395K	12/22	0.53 mi	Flat 10, Bowyer Court, The Ridgeway, Chingford, London, Greater London E4 6UH	-	-	2	Flat
£170K	02/23	0.54 mi	32b, Brindwood Road, London, Greater London E4 8BD	-	-	2	Flat
£350K	07/23	0.57 mi	19, Arbor Road, London, Greater London E4 6LJ	£5,738	61	2	Flat
£268K	06/21	0.59 mi	52a, Old Church Road, London, Greater London E4 8DB	£3,436	78	2	Flat
£265K	02/21	0.61 mi	63, Hatch Lane, London, Greater London E4 6LP	£4,015	66	2	Flat
£235K	10/20	0.65 mi	25, Cherrydown Avenue, London, Greater London E4 8DP	£3,615	65	2	Flat
£310K	12/22	0.67 mi	6, Chadwick Avenue, London, Greater London E4 6NE	-	-	2	Flat
£312K	10/20	0.69 mi	8, Chadwick Avenue, London, Greater London E4 6NE	£4,588	68	2	Flat
£375K	10/21	0.7 mi	53, Queens Grove Road, London, Greater London E4 7BT	£6,818	55	2	Flat
£345K	12/20	0.74 mi	19, Top House Rise, London, Greater London E4 7EE	£4,742	73	2	Flat
£775K	06/21	0.78 mi	1a, Waterhall Avenue, London, Greater London E4 6NB	-	-	2	Flat
£260K	04/21	0.83 mi	30, Kingsley Gardens, London, Greater London E4 8JS	£4,906	53	2	Flat
£280K	09/21	0.83 mi	26, Kingsley Gardens, London, Greater London E4 8JS	£5,385	52	2	Flat
£320K	04/21	0.86 mi	9, Markfield Gardens, London, Greater London E4 7NN	-	-	2	Flat
£415K	12/22	0.87 mi	1, Richmond Avenue, Highams Park, London, Greater London E4 9RR	£5,929	70	2	Flat
£304K	02/23	0.89 mi	Flat 32, Stonehill Court, Markfield Gardens, London, Greater London E4 7NS	£5,333	57	2	Flat
£303.5K	06/21	0.89 mi	3, Hall Gardens, London, Greater London E4 8HR	£6,194	49	2	Flat
£310K	12/20	0.89 mi	9, Hall Gardens, London, Greater London E4 8HR	£5,536	56	2	Flat
£330K	06/23	0.89 mi	1, Hall Gardens, London, Greater London E4 8HR	£4,818	69	2	Flat
£328.1K	02/23	0.91 mi	Flat 4, Larkswood Court, The Avenue, London, Greater London E4 9SF	-	-	2	Flat
£365K	01/23	0.91 mi	Flat 11, Larkswood Court, The Avenue, London, Greater London E4 9SF	-	-	2	Flat
£285K	03/23	0.93 mi	10, Redwood Gardens, Chingford, London, Greater London E4 7NZ	-	-	2	Flat
£137.5K	12/20	0.93 mi	14, Redwood Gardens, Chingford, London, Greater London E4 7NZ	£2,750	50	2	Flat

Local Rents

11 rents from £1.4K/mo to £2.5K/mo, average is £1.7K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,750	02/25	0.16 mi	-	2	Flat
£1,800	03/24	0.25 mi	Peel Close, Chingford E4	2	Flat
£1,650	03/25	0.31 mi	-	2	Flat
£1,700	03/24	0.31 mi	Warren Road, North Chingford E4	2	Flat
£1,690	04/24	0.38 mi	Holmes Court, Larkshall Road, E4	2	Flat
£1,600	03/24	0.41 mi	Mapleton Road, London, E4	2	Flat
£1,700	05/24	0.46 mi	The Ridgeway, North Chingford E4	2	Flat
£1,750	12/24	0.47 mi	-	2	Flat
£1,450	12/24	0.48 mi	-	2	Flat
£1,800	04/24	0.5 mi	Nation Way, North Chingford, E4	2	Flat
£2,550	01/25	0.55 mi	-	2	Semi-Detached House

Local Area Statistics

Population in E4	60,22560,225
Population in London	4,771,9214,771,921
Town centre distance	7.87 miles away7.87 miles away
Nearest school	0.30 miles away0.30 miles away
Nearest train station	0.95 miles away0.95 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+13%+13%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+26%+26%

Property History

Listed for £300,000

August 1, 2024

Floor Plans

Description

<b>OPEN HOUSE SATURDAY 12TH APRIL 2025</b> - by appointment only +
Purpose built first floor apartment +
close to local amenities +
Garage & shed +
Good decorative order +
Good sized double bedrooms +
Communal Gardens +
Lease 999 years +

This first-floor, two-double-bedroom, purpose-built apartment is situated on Chingford Avenue. The property is in good decorative order, featuring spacious bedrooms and a fully-fitted kitchen. It comes with a garage and shed. Residents can enjoy the well-maintained communal gardens. The apartment's prime location offers convenient access to nearby shops, bars, and local amenities.

Room sizes:

Lounge/Diner: 16'5 x 9'7 (5.01m x 2.92m)
Kitchen: 14'2 x 8'2 (4.32m x 2.49m)
Bedroom 1: 13'5 x 9'6 (4.09m x 2.90m)
Bedroom 2: 11'2 x 8'2 (3.41m x 2.49m)
Bathroom: 6'4 x 6'0 (1.93m x 1.83m)
Communal Gardens
The information provided about this property does not constitute or form part of an offer or contract, nor may it be regarded as representations. All interested parties must verify accuracy and your solicitor must verify tenure/lease information, fixtures & fittings and, where the property has been extended/converted, planning/building regulation consents. All dimensions are approximate and quoted for guidance only as are floor plans which are not to scale and their accuracy cannot be confirmed. Reference to appliances and/or services does not imply that they are necessarily in working order or fit for the purpose.

We are pleased to offer our customers a range of additional services to help them with moving home. None of these services are obligatory and you are free to use service providers of your choice. Current regulations require all estate agents to inform their customers of the fees they earn for recommending third party services. If you choose to use a service provider recommended by Douglas Allen, details of all referral fees can be found at the link below. If you decide to use any of our services, please be assured that this will not increase the fees you pay to our service providers, which remain as quoted directly to you.

Agent Details

Douglas Allen, Walthamstow

020 3835 4089

Next Steps?

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

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