2 Bed Flat, Single Let, London, E16 1NA, £279,950

Wren Close, London, E16 1NA - 4 views - 8 months ago

Leasehold

BTL

ROI: 9%

~68 m²

+3 photos

ValuationUndervalued

Sold Prices	£260K - £400K
Sold Prices/m²	£3.8K/m² - £6.7K/m²

Square Metres	~68.11 m²
Price/m²	£4.1K/m²
Value Estimate	£324,338£324,338
BMV	16%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£69,988£69,988
Stamp Duty & Legal Fees	£11,096£11,096
Total Cash In	£81,084£81,084

Cash Out
Rent Range	£1,750 - £6,900£1,750 - £6,900
Rent Estimate	£1,845
Running Costs/mo	£1,264£1,264
Cashflow/mo	£581£581
Cashflow/yr	£6,974£6,974
ROI	9%9%
Gross Yield	8%8%

Local Sold Prices

22 sold prices from £260K to £400K, average is £301.3K. £3.8K/m² to £6.7K/m², average is £4.8K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£300K	01/21	0.15 mi	51, Thorne Close, London, Greater London E16 1LP	£4,688	64	2	Flat
£300K	01/21	0.15 mi	51, Thorne Close, London, Greater London E16 1LP	£4,688	64	2	Flat
£366.5K	04/21	0.35 mi	22, Bray Drive, London, Greater London E16 1LD	£6,664	55	2	Flat
£300K	03/23	0.47 mi	42, Luton Road, London, Greater London E13 8HD	£3,750	80	2	Flat
£336.7K	03/21	0.47 mi	32, Luton Road, London, Greater London E13 8HD	£4,430	76	2	Flat
£297.5K	10/22	0.47 mi	22, Luton Road, London, Greater London E13 8HD	£6,071	49	2	Flat
£287K	06/21	0.47 mi	111, Cambus Road, London, Greater London E16 4AX	£5,740	50	2	Flat
£260K	07/22	0.5 mi	3, King Street, London, Greater London E13 8DB	£5,417	48	2	Flat
£400K	08/22	0.59 mi	65a, New Barn Street, London, Greater London E13 8JY	£4,762	84	2	Flat
£332K	09/21	0.67 mi	Flat 7, Manchester Court, Garvary Road, London, Greater London E16 3GZ	-	-	2	Flat
£275K	10/20	0.68 mi	55, Holborn Road, London, Greater London E13 8PB	£5,392	51	2	Flat
£313K	07/23	0.72 mi	29, Gentry Gardens, London, Greater London E13 8BS	-	-	2	Flat
£292K	01/21	0.76 mi	1, Meredith Street, London, Greater London E13 0EG	£4,232	69	2	Flat
£290K	07/21	0.79 mi	5, Grange Road, London, Greater London E13 0EE	£4,328	67	2	Flat
£330K	02/21	0.83 mi	474b, Barking Road, Plaistow, London, Greater London E13 8QB	-	-	2	Flat
£300K	06/21	0.9 mi	11, Lacewing Close, London, Greater London E13 8AD	-	-	2	Flat
£320K	03/23	0.9 mi	30, Lacewing Close, London, Greater London E13 8AD	£4,324	74	2	Flat
£320K	10/20	0.97 mi	28, Memorial Avenue, London, Greater London E15 3BT	£5,079	63	2	Flat
£290K	02/21	0.98 mi	Flat 3, Darwin Court, Balaam Street, London, Greater London E13 8RB	-	-	2	Flat
£336.5K	12/22	0.98 mi	49, Tollgate Road, London, Greater London E16 3LB	£5,341	63	2	Flat
£302.5K	11/20	0.98 mi	21, Holland Road, West Ham, London, Greater London E15 3BP	£5,216	58	2	Flat
£310K	11/20	0.99 mi	47, Durban Road, London, Greater London E15 3BW	£4,471	69	2	Flat

Local Rents

51 rents from £1.8K/mo to £6.9K/mo, average is £2.3K/mo.

Rent	Date	Distance	Address	Beds	Type
£2,199	03/25	0.06 mi	-	2	Terraced House
£2,000	05/24	0.09 mi	Rogers Road, Canning Town, Newham, London, E16	2	Flat
£2,100	05/24	0.09 mi	Rogers Road, London, E16	2	Flat
£2,400	04/24	0.11 mi	Discovery Tower, Canning Town, E16	2	Flat
£2,405	04/24	0.12 mi	-	2	Flat
£2,405	03/24	0.13 mi	Sherrington Court, Rathbone Street, Canning Town E16	2	Flat
£1,900	04/24	0.13 mi	Thorne Close, London	2	Flat
£1,800	04/24	0.13 mi	-	2	Flat
£1,850	04/24	0.13 mi	-	2	Flat
£2,200	05/24	0.13 mi	-	2	Flat
£2,200	04/24	0.14 mi	Maud Street, London, E16	2	Flat
£2,600	03/25	0.14 mi	-	2	Flat
£2,150	05/24	0.14 mi	Eddington Court, Canning Town, London, E16	2	Flat
£2,200	03/24	0.14 mi	Maud Street, London, E16	2	Flat
£1,900	05/24	0.15 mi	Thorne Close - Canning Town - E16	2	Flat
£1,900	05/24	0.15 mi	Thorne Close, Canning Town E16	2	Flat
£2,000	04/24	0.15 mi	-	2	Flat
£2,250	03/25	0.15 mi	-	2	Flat
£2,200	03/25	0.15 mi	-	2	Flat
£2,050	03/24	0.15 mi	Maud Street, London, E16	2	Flat
£1,750	05/24	0.15 mi	Thorne Close, Canning Town, London, E16	2	Flat
£2,600	03/25	0.16 mi	-	2	Flat
£2,250	04/24	0.16 mi	Rathbone Market, Barking Road, E16	2	Flat
£2,300	04/24	0.16 mi	1 Bywell Place, Rathbone Market, 30 Barking Road, Canning Town London, E16	2	Flat
£2,300	04/24	0.16 mi	Aurelia, 12 Rathbone Market, 31 Barking Road, London, E16	2	Flat
£1,842	05/24	0.16 mi	Mercury House, Canning Town, London, E16	2	Flat
£2,300	03/25	0.16 mi	-	2	Flat
£2,100	05/24	0.16 mi	-	2	Flat
£2,100	05/24	0.16 mi	-	2	Flat
£2,100	05/24	0.16 mi	Quayside House, London, E16	2	Flat
£2,250	03/24	0.16 mi	Rathbone Market London E16	2	Flat
£2,250	05/24	0.16 mi	Rathbone Market London E16	2	Flat
£6,900	03/24	0.17 mi	Shirley Street, London, E16	2	Flat
£2,250	03/24	0.17 mi	12 Rathbone Market, Barking Road, E16	2	Flat
£2,250	04/24	0.17 mi	12 Rathbone Market, Barking Road, E16	2	Flat
£2,500	05/24	0.17 mi	-	2	Flat
£1,900	02/24	0.17 mi	-	2	House
£2,350	03/24	0.17 mi	Bywell Place, E16	2	Flat
£2,600	03/24	0.17 mi	-	2	Flat
£2,500	03/25	0.17 mi	-	2	Flat
£2,400	03/24	0.17 mi	Canning Town, London, E16	2	Flat
£2,400	03/24	0.17 mi	Barking Road, London, E16	2	Flat
£2,340	04/24	0.17 mi	Barking Road, London, E16	2	Flat
£2,340	04/24	0.17 mi	Barking Road, London, E16	2	Flat
£2,340	04/24	0.17 mi	Barking Road, London, E16	2	Flat
£2,340	04/24	0.17 mi	Barking Road, London, E16	2	Flat
£2,335	05/24	0.17 mi	Barking Road, London, E16	2	Flat
£2,335	05/24	0.17 mi	Barking Road, London, E16	2	Flat
£2,310	05/24	0.17 mi	Barking Road, London, E16	2	Flat
£2,285	05/24	0.17 mi	Barking Road, London, E16	2	Flat
£2,285	12/24	0.17 mi	Barking Road, London, E16	2	Flat

Local Area Statistics

Population in E16	44,88044,880
Population in London	4,771,9214,771,921
Town centre distance	5.23 miles away5.23 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	0.26 miles away0.26 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	-4%-4%
Sales demand	Buyer's marketBuyer's market
Capital growth (5yrs)	-3%-3%

Property History

Listed for £279,950

August 13, 2024

Description

Flat +
2 bedrooms +
Large Lounge +
Fitted kitchen +
Chain free +
Communal Gardens +
Walking distance to Canning Town, Royal Victoria, Emirates Royal Dock +

Two double bedroom flat, located within walking distance to Canning Town, Royal Victoria, Emirates Royal Docks transport links and popular shopping and eating venues. Sold with no onward chain, benefits include two double bedroom, fitted kitchen, large lounge and family bathroom. Externally there is street parking and communal gardens.

Agent Details

NGU Estates, London

020 3835 3083

Next Steps?

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

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