2 Bed Flat, Single Let, Buckhurst Hill, IG9 5NZ, £349,995

Makinen House, Palmerston Road, Buckhurst Hill, IG9 5NZ - 3 views - 8 months ago

Sold STC
BTL
ROI: 1%
~68 m²
+10 photos

ValuationUndervalued

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

 

 

Square Metres

~68.11 m²
Price/m²£5.1K/m²

Value Estimate

£378,833
BMV8%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£87,499

Stamp Duty & Legal Fees

£16,700

Total Cash In

£104,198

 

 

Cash Out

 

Rent Range

£1,250 - £2,600

Rent Estimate

£1,475

Running Costs/mo

£1,409

Cashflow/mo

£66

Cashflow/yr

£795

ROI

1%

Gross Yield

5%

Local Sold Prices

45 sold prices from £265K to £710K, average is £345K. £3.7K/m² to £8.5K/m², average is £5.5K/m².

PriceDateDistanceAddressBeds 
£395K07/210.13 mi73, Westbury Lane, Buckhurst Hill, Essex IG9 5PH2
£465K06/210.14 miFlat 6, George Court, Kings Place, Buckhurst Hill, Essex IG9 5HR2
£411K06/210.21 mi12, Russell Road, Buckhurst Hill, Essex IG9 5QJ2
£265K10/220.3 miFlat 29, St James Gate, Palmerston Road, Buckhurst Hill, Essex IG9 5NJ2
£495K11/220.31 mi1, Wimborne Close, Buckhurst Hill, Essex IG9 5DN2
£415K12/200.33 miFlat 22, Greenhill, High Road, Buckhurst Hill, Essex IG9 5SH2
£320K06/210.34 miFlat 21, Greenhill, High Road, Buckhurst Hill, Essex IG9 5SH2
£355K12/200.34 miFlat 70, Greenhill, High Road, Buckhurst Hill, Essex IG9 5SQ2
£337.5K01/230.35 mi22, Cedar Close, Buckhurst Hill, Essex IG9 6EJ2
£310K12/200.35 mi65, Cedar Close, Buckhurst Hill, Essex IG9 6EJ2
£305K11/200.35 mi30, Cedar Close, Buckhurst Hill, Essex IG9 6EJ2
£310K12/200.35 mi65, Cedar Close, Buckhurst Hill, Essex IG9 6EJ2
£320K08/220.35 mi32, Cedar Close, Buckhurst Hill, Essex IG9 6EJ2
£315K03/230.35 mi66, Cedar Close, Buckhurst Hill, Essex IG9 6EJ2
£710K12/200.37 miFlat 11, Roebuck Heights, North End, Buckhurst Hill, Essex IG9 5RF2
£345K02/230.49 miFlat 27, Block A, Ardmore Lane, Buckhurst Hill, Essex IG9 5RY2
£295K07/230.53 mi23, Hornbeam Road, Buckhurst Hill, Essex IG9 6JT2
£290K11/200.53 mi29a, Hornbeam Road, Buckhurst Hill, Essex IG9 6JT2
£265K02/210.53 mi23, Hornbeam Road, Buckhurst Hill, Essex IG9 6JT2
£380K03/210.54 miFlat 1, Knighton Green, High Road, Buckhurst Hill, Essex IG9 5HD2
£380K03/210.54 miFlat 1, Knighton Green, High Road, Buckhurst Hill, Essex IG9 5HD2
£325K06/210.56 miFlat 6, Highview House, Hornbeam Road, Buckhurst Hill, Essex IG9 6HH2
£325K01/210.56 miFlat 4, Highview House, Hornbeam Road, Buckhurst Hill, Essex IG9 6HH2
£455K02/230.6 mi690, High Road, Buckhurst Hill, Greater London IG9 5HN2
£320K02/210.62 miFlat 42, Forest Heights, Epping New Road, Buckhurst Hill, Essex IG9 5TE2
£408K09/220.62 miFlat 43, Forest Heights, Epping New Road, Buckhurst Hill, Essex IG9 5TE2
£360K06/210.67 miFlat 27, Hubbard Court, Valley Hill, Loughton, Essex IG10 3BH2
£342K01/210.67 miFlat 15, Hubbard Court, Valley Hill, Loughton, Essex IG10 3BH2
£342K06/210.67 miFlat 35, Hubbard Court, Valley Hill, Loughton, Essex IG10 3BH2
£352.5K03/230.67 miFlat 34, Hubbard Court, Valley Hill, Loughton, Essex IG10 3BH2
£285K10/200.68 mi40a, Station Way, Buckhurst Hill, Essex IG9 6LN2
£320K01/210.68 mi32, Station Way, Buckhurst Hill, Essex IG9 6LN2
£380K01/210.71 mi21, The Cedars, Buckhurst Hill, Essex IG9 5TS2
£365K02/210.71 mi18, The Cedars, Buckhurst Hill, Essex IG9 5TS2
£370K12/220.72 mi17, The Cedars, Buckhurst Hill, Essex IG9 5TS2
£336K04/210.72 mi5, Cherry Tree Rise, Buckhurst Hill, Greater London IG9 6ET2
£310K06/210.72 mi31, Cherry Tree Rise, Buckhurst Hill, Greater London IG9 6ET2
£385K10/220.72 mi1, Cherry Tree Rise, Buckhurst Hill, Greater London IG9 6ET2
£400K05/210.76 mi4, Cherry Tree Rise, Buckhurst Hill, Greater London IG9 6EX2
£340K12/200.91 mi5, Avondale Close, Loughton, Essex IG10 3DH2
£310K03/210.92 mi35, Cheltenham Gardens, Loughton, Essex IG10 3AW2
£356K03/210.95 mi169a, Whitehall Road, Woodford Green, Greater London IG8 0RH2
£395K07/230.96 mi90, Lower Park Road, Loughton, Essex IG10 4NE2
£415K02/231 mi18, Algers Close, Loughton, Essex IG10 4NH2
£385K06/211 mi6, Algers Close, Loughton, Essex IG10 4NH2

Local Rents

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

RentDateDistanceAddressBeds 
£1,80001/250.02 mi-2
£1,59505/240.02 miBuckhurst Hill2
£1,55005/240.03 miBuckhurst Hill2
£2,00008/240.08 miPalace Gardens, Buckhurst Hill, IG92
£1,60004/240.1 miIbrox Court, IG92
£1,60007/240.12 miQueens Road, Buckhurst Hill2
£1,85008/240.12 mi83 Queens Road, Buckhurst Hill, IG92
£1,80004/240.15 mi-2
£2,20001/240.15 miVictoria Road, Buckhurst Hill, Essex, IG92
£1,50006/240.18 miRoebuck Lane, Buckhurst Hill, IG92
£1,60006/240.2 miBuckhurst Hill, IG92
£2,50001/240.21 miQueens Road, Buckhurst Hill2
£2,10007/240.22 miQueens Road, Buckhurst Hill, IG92
£2,10007/240.22 miQueens Road, Buckhurst Hill, IG92
£2,10007/240.22 miQueens Road, Buckhurst Hill, IG92
£1,47507/240.24 mi-2
£1,47502/250.24 mi-2
£1,49504/250.24 mi-2
£2,20007/240.25 miBeatrice Court, Buckhurst Hill, Essex, IG92
£1,25001/240.25 mi Queens Road, Buckhurst Hill, IG92
£1,59507/240.26 miQueens Road, Buckhurst Hill2
£1,99508/240.27 miPrinces Road, Buckhurst Hill2
£1,70004/240.28 miPrinces Road, Buckhurst Hill, IG92
£2,60004/240.28 mi-2
£2,00001/240.28 miLower Queens Road, Buckhurst Hill, Essex, IG92
£2,00007/240.28 miThe Atrium, Lower Queens Road, IG92
£2,00008/240.28 miThe Atrium. Buckhurst Hill, IG92
£2,00008/240.28 miLower Queens Road, Buckhurst Hill, IG92
£1,85008/240.28 miLower Queens Road, Buckhurst Hill, IG92
£2,20008/240.28 mi-2
£1,95004/240.31 miMountbatten Court, Buckhurst Hill2
£1,80004/240.31 miAlfred Road, Buckhurst Hill, IG92
£1,60006/240.32 mi-2
£1,80004/240.32 mi-2
£1,80004/250.32 mi-2
£1,85007/240.34 miGreenhill, High Rd2
£1,85004/240.34 miGreen Hill, Buckhurst Hill, IG9 2
£1,57508/240.34 miCedar Close, Buckhurst Hill2
£1,62508/240.35 miCedar Close, Buckhurst Hill, IG92
£1,45008/240.36 miBuckhurst Hill2
£1,55003/250.36 mi-2
£1,65007/240.36 miCedar Close, Buckhurst Hill2
£1,70001/240.36 miBuckhurst Hill, Buckhurst Hill, IG92
£1,87501/240.36 miBuckhurst Hill, Buckhurst Hill, IG92
£1,60012/240.36 mi-2
£1,49507/240.39 miCascade Road, Buckhurst Hill, IG92
£1,69504/240.4 mi-2
£2,20004/240.41 mi-2
£1,65004/240.42 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

0.19 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-6%

Sales demand

Balanced market

Capital growth (5yrs)

+9%

Property History

Listed for £349,995

August 7, 2024

Floor Plans

Description

  • Chain free +
  • Garage en bloc +
  • Communal gardens +
  • 0.2 miles to Buckhurst Hill central Line +
  • Share of freehold +
  • Two double bedrooms +
  • Fully fitted kitchen +
  • Amenities stones throw away +

Chain free | Share of freehold | EPC: D | 0.2 miles to Buckhurst Hill Central Line | Two double bedrooms | Sizeable lounge | Dual aspect windows | Amenities nearby | Fitted kitchen | Garage en bloc | Communal gardens | Service charge £2419 per annum

Located in a sought-after location you are offered this charming apartment which offers a fantastic opportunity for both first-time buyers and investors alike. With its convenient proximity of just 0.2 miles to Buckhurst Hill Central Line and within walking distance to Queens Road and various amenities, this property truly embodies the essence of comfortable and accessible living. Boasting a share of freehold with a long lease, a garage en bloc, and being offered with no chain, this flat presents a rare opportunity in the market. The property features a spacious lounge with dual aspect windows, providing ample natural light, and a fully fitted kitchen, the two double bedrooms offer versatility and comfort, making this flat ideal for those looking to make their mark on a property or seeking a lucrative investment opportunity.

Lease: 984 years | Service charge: £2419 per annum

Agent Details

Churchill Estates, Buckhurst Hill

020 3879 5370

Next Steps?

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