2 Bed Flat, Single Let, Buckhurst Hill, IG9 5NZ, £300,000

Palmerston Road, Buckhurst Hill, Essex, IG9 5NZ - 4 views - 8 months ago

Sold STC
BTL
ROI: 3%
~68 m²
+4 photos

ValuationUndervalued

Sold Prices£265K - £710K
Sold Prices/m²£3.7K/m² - £8.5K/m²

 

 

Square Metres

~68.11 m²
Price/m²£4.4K/m²

Value Estimate

£369,000
BMV23%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£75,000

Stamp Duty & Legal Fees

£12,700

Total Cash In

£87,700

 

 

Cash Out

 

Rent Range

£1,250 - £2,600

Rent Estimate

£1,475

Running Costs/mo

£1,253

Cashflow/mo

£223

Cashflow/yr

£2,670

ROI

3%

Gross Yield

6%

Local Sold Prices

43 sold prices from £265K to £710K, average is £342K. £3.7K/m² to £8.5K/m², average is £5.5K/m².

PriceDateDistanceAddressBeds 
£465K06/210.13 miFlat 6, George Court, Kings Place, Buckhurst Hill, Essex IG9 5HR2
£395K07/210.15 mi73, Westbury Lane, Buckhurst Hill, Essex IG9 5PH2
£411K06/210.23 mi12, Russell Road, Buckhurst Hill, Essex IG9 5QJ2
£495K11/220.32 mi1, Wimborne Close, Buckhurst Hill, Essex IG9 5DN2
£265K10/220.32 miFlat 29, St James Gate, Palmerston Road, Buckhurst Hill, Essex IG9 5NJ2
£337.5K01/230.32 mi22, Cedar Close, Buckhurst Hill, Essex IG9 6EJ2
£310K12/200.33 mi65, Cedar Close, Buckhurst Hill, Essex IG9 6EJ2
£305K11/200.33 mi30, Cedar Close, Buckhurst Hill, Essex IG9 6EJ2
£310K12/200.33 mi65, Cedar Close, Buckhurst Hill, Essex IG9 6EJ2
£320K08/220.33 mi32, Cedar Close, Buckhurst Hill, Essex IG9 6EJ2
£315K03/230.33 mi66, Cedar Close, Buckhurst Hill, Essex IG9 6EJ2
£415K12/200.35 miFlat 22, Greenhill, High Road, Buckhurst Hill, Essex IG9 5SH2
£320K06/210.36 miFlat 21, Greenhill, High Road, Buckhurst Hill, Essex IG9 5SH2
£355K12/200.36 miFlat 70, Greenhill, High Road, Buckhurst Hill, Essex IG9 5SQ2
£710K12/200.39 miFlat 11, Roebuck Heights, North End, Buckhurst Hill, Essex IG9 5RF2
£295K07/230.5 mi23, Hornbeam Road, Buckhurst Hill, Essex IG9 6JT2
£290K11/200.5 mi29a, Hornbeam Road, Buckhurst Hill, Essex IG9 6JT2
£265K02/210.5 mi23, Hornbeam Road, Buckhurst Hill, Essex IG9 6JT2
£345K02/230.51 miFlat 27, Block A, Ardmore Lane, Buckhurst Hill, Essex IG9 5RY2
£325K06/210.54 miFlat 6, Highview House, Hornbeam Road, Buckhurst Hill, Essex IG9 6HH2
£325K01/210.54 miFlat 4, Highview House, Hornbeam Road, Buckhurst Hill, Essex IG9 6HH2
£380K03/210.55 miFlat 1, Knighton Green, High Road, Buckhurst Hill, Essex IG9 5HD2
£380K03/210.55 miFlat 1, Knighton Green, High Road, Buckhurst Hill, Essex IG9 5HD2
£455K02/230.62 mi690, High Road, Buckhurst Hill, Greater London IG9 5HN2
£320K02/210.64 miFlat 42, Forest Heights, Epping New Road, Buckhurst Hill, Essex IG9 5TE2
£408K09/220.64 miFlat 43, Forest Heights, Epping New Road, Buckhurst Hill, Essex IG9 5TE2
£285K10/200.66 mi40a, Station Way, Buckhurst Hill, Essex IG9 6LN2
£320K01/210.66 mi32, Station Way, Buckhurst Hill, Essex IG9 6LN2
£360K06/210.66 miFlat 27, Hubbard Court, Valley Hill, Loughton, Essex IG10 3BH2
£342K01/210.66 miFlat 15, Hubbard Court, Valley Hill, Loughton, Essex IG10 3BH2
£342K06/210.66 miFlat 35, Hubbard Court, Valley Hill, Loughton, Essex IG10 3BH2
£352.5K03/230.66 miFlat 34, Hubbard Court, Valley Hill, Loughton, Essex IG10 3BH2
£336K04/210.71 mi5, Cherry Tree Rise, Buckhurst Hill, Greater London IG9 6ET2
£310K06/210.71 mi31, Cherry Tree Rise, Buckhurst Hill, Greater London IG9 6ET2
£385K10/220.71 mi1, Cherry Tree Rise, Buckhurst Hill, Greater London IG9 6ET2
£380K01/210.73 mi21, The Cedars, Buckhurst Hill, Essex IG9 5TS2
£365K02/210.73 mi18, The Cedars, Buckhurst Hill, Essex IG9 5TS2
£370K12/220.74 mi17, The Cedars, Buckhurst Hill, Essex IG9 5TS2
£400K05/210.75 mi4, Cherry Tree Rise, Buckhurst Hill, Greater London IG9 6EX2
£340K12/200.9 mi5, Avondale Close, Loughton, Essex IG10 3DH2
£310K03/210.92 mi35, Cheltenham Gardens, Loughton, Essex IG10 3AW2
£356K03/210.96 mi169a, Whitehall Road, Woodford Green, Greater London IG8 0RH2
£395K07/230.97 mi90, Lower Park Road, Loughton, Essex IG10 4NE2

Local Rents

49 rents from £1.3K/mo to £2.6K/mo, average is £1.8K/mo.

RentDateDistanceAddressBeds 
£1,80001/250 mi-2
£1,59505/240 miBuckhurst Hill2
£1,55005/240.06 miBuckhurst Hill2
£2,00008/240.08 miPalace Gardens, Buckhurst Hill, IG92
£1,60007/240.11 miQueens Road, Buckhurst Hill2
£1,85008/240.12 mi83 Queens Road, Buckhurst Hill, IG92
£1,60004/240.12 miIbrox Court, IG92
£2,20001/240.13 miVictoria Road, Buckhurst Hill, Essex, IG92
£1,80004/240.16 mi-2
£1,50006/240.19 miRoebuck Lane, Buckhurst Hill, IG92
£2,50001/240.22 miQueens Road, Buckhurst Hill2
£1,60006/240.22 miBuckhurst Hill, IG92
£2,20007/240.23 miBeatrice Court, Buckhurst Hill, Essex, IG92
£2,10007/240.23 miQueens Road, Buckhurst Hill, IG92
£2,10007/240.23 miQueens Road, Buckhurst Hill, IG92
£2,10007/240.23 miQueens Road, Buckhurst Hill, IG92
£1,47507/240.25 mi-2
£1,47502/250.25 mi-2
£1,49504/250.25 mi-2
£2,60004/240.25 mi-2
£2,00001/240.26 miLower Queens Road, Buckhurst Hill, Essex, IG92
£2,00007/240.26 miThe Atrium, Lower Queens Road, IG92
£2,00008/240.26 miThe Atrium. Buckhurst Hill, IG92
£2,00008/240.26 miLower Queens Road, Buckhurst Hill, IG92
£1,85008/240.26 miLower Queens Road, Buckhurst Hill, IG92
£1,25001/240.27 mi Queens Road, Buckhurst Hill, IG92
£1,99508/240.27 miPrinces Road, Buckhurst Hill2
£1,59507/240.28 miQueens Road, Buckhurst Hill2
£1,95004/240.28 miMountbatten Court, Buckhurst Hill2
£1,80004/240.28 miAlfred Road, Buckhurst Hill, IG92
£1,70004/240.29 miPrinces Road, Buckhurst Hill, IG92
£1,60006/240.29 mi-2
£2,20008/240.3 mi-2
£1,80004/240.3 mi-2
£1,80004/250.3 mi-2
£1,57508/240.32 miCedar Close, Buckhurst Hill2
£1,62508/240.33 miCedar Close, Buckhurst Hill, IG92
£1,65007/240.34 miCedar Close, Buckhurst Hill2
£1,85007/240.36 miGreenhill, High Rd2
£1,49507/240.36 miCascade Road, Buckhurst Hill, IG92
£1,85004/240.36 miGreen Hill, Buckhurst Hill, IG9 2
£1,60012/240.38 mi-2
£1,70001/240.38 miBuckhurst Hill, Buckhurst Hill, IG92
£1,87501/240.38 miBuckhurst Hill, Buckhurst Hill, IG92
£1,69504/240.38 mi-2
£1,45008/240.38 miBuckhurst Hill2
£1,55003/250.38 mi-2
£2,20004/240.43 mi-2
£1,65004/240.43 miBuckhurst Hill House, Queens Road, Buckhurst Hill, IG92

Local Area Statistics

Population in IG9

12,744

Population in Buckhurst Hill

12,817

Town centre distance

0.25 miles away

Nearest school

0.20 miles away

Nearest train station

0.16 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-6%

Sales demand

Balanced market

Capital growth (5yrs)

+9%

Property History

Listed for £300,000

August 7, 2024

Floor Plans

Description

  • EPC - D +
  • Chain Free Sale +
  • Long Lease - 984 Years +
  • Two Double Bedrooms +
  • Lounge/Diner +
  • Kitchen +
  • Bathroom with Separate WC +
  • Communal Garden Areas +
  • Garage En-Bloc and Off Street Parking +

GUIDE PRICE £300,000 - £350,000

Offered for sale as chain free, is this second-floor apartment within this popular development set in the heart of Buckhurst Hill. The accommodation offers a lounge/diner, kitchen, two bedrooms and bathroom with separate wc. To the outside there are communal gardens, a garage en-bloc and off-street parking. The flat benefits from a long lease of 984 years.

The property is conveniently placed within walking distance for the Central Line station being within 0.2 miles, making central London very accessible. Plus, a selection of restaurants and boutique style shops, and a Waitrose can be found within Queens Road being 0.3 miles from the property. Buckhurst Hill is also renowned for its education provided by a selection of schools all within about 1.0 mile of the property. A David Lloyd centre is within 1.3 miles and more shopping facilities are located at Loughton, being within 2.0 miles with a choice of two supermarkets, a M&S food hall, and a wide selection of restaurants and coffee bars, together with High Beech and Epping Forest land being within 2.8 miles, with activities such as horse riding and mountain biking or simply enjoying a woodland walk.

IMPORTANT NOTE TO PURCHASERS:
We endeavour to make our sales particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. Any services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All measurements have been taken as a guide to prospective buyers only, and are not precise. Please be advised that some of the particulars may be awaiting vendor approval. If you require clarification or further information on any points, please contact us, especially if you are travelling some distance to view. Fixtures and fittings other than those mentioned are to be agreed with the seller.

LAD240025/1

Agent Details

Lawlors Property Services, Loughton Sales

020 3873 8317

Next Steps?

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