3 Bed Semi-Detached House, Refurb/BRRR, London, E4 7AP, £799,995

63 Connaught Avenue, London, Greater London, E4 7AP - 8 views - 8 months ago

Sold STC
Refurb/BRRR
Planning
~93 m²
+12 photos

ValuationOvervalued

Sold Prices£420K - £1.3M
Sold Prices/m²£3.4K/m² - £9K/m²

 

 

Square Metres

~93 m²
Price/m²£8.6K/m²

Value Estimate

£518,385

 

 

End Value (After Refurb)

£765,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£199,999

Stamp Duty & Legal Fees

£52,700

Refurb Costs

£49,200

Bridging Loan Interest

£21,000

Total Cash In

£324,648

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£765,000

Mortgage (After Refinance)

£573,750

Mortgage LTV

75%

Cash Left In

£324,648

Equity

£191,250

Rent Range

£2,100 - £2,750

Rent Estimate

£2,408

Running Costs/mo

£2,892

Cashflow/mo

£-484

Cashflow/yr

£-5,811

Gross Yield

4%

Local Sold Prices

51 sold prices from £420K to £1.3M, average is £560K. £3.4K/m² to £9K/m², average is £5.6K/m².

PriceDateDistanceAddressBeds 
£1.3M02/210.11 mi36, Forest View, Chingford, London, Greater London E4 7AU3
£530K10/200.12 mi4, Arabia Close, London, Greater London E4 7DU3
£690K04/230.2 mi27, Buxton Road, Chingford, London, Greater London E4 7DP3
£784K12/200.23 mi33, Woodberry Way, London, Greater London E4 7DY3
£802.5K03/230.31 mi42, Pole Hill Road, London, Greater London E4 7LZ3
£510K10/200.35 mi3, Springfield Road, London, Greater London E4 7DJ3
£550K05/210.36 mi26, Richmond Road, Chingford, London, Greater London E4 7BN3
£440K06/230.4 mi4, St Egberts Way, London, Greater London E4 6QH3
£440K06/210.4 mi165, Kings Head Hill, London, Greater London E4 7JG3
£685K09/210.41 mi16, Beresford Road, London, Greater London E4 6ED3
£930K06/230.41 mi6, Beresford Road, London, Greater London E4 6ED3
£535K06/210.43 mi13, South Avenue, London, Greater London E4 7NW3
£529K01/210.43 mi17, Mark Avenue, London, Greater London E4 7NR3
£467.5K12/210.43 mi35, Mark Avenue, London, Greater London E4 7NR3
£547K01/210.44 mi5, Holly Drive, London, Greater London E4 7NG3
£520K05/210.44 mi2, Margaret Avenue, London, Greater London E4 7NP3
£520K03/230.44 mi105, Hawkwood Crescent, London, Greater London E4 7PH3
£646.5K12/200.45 mi95, Beresford Road, London, Greater London E4 6EF3
£630K02/210.46 mi20, Scholars Road, London, Greater London E4 7HH3
£570K01/230.46 mi22, Scholars Road, London, Greater London E4 7HH3
£615K03/210.47 mi50, Scholars Road, London, Greater London E4 7HH3
£831K01/230.49 mi4, South Avenue, London, Greater London E4 7NW3
£615K06/230.49 mi68, Hawkwood Crescent, London, Greater London E4 7PJ3
£550K01/210.5 mi23, Kings Road, Chingford, London, Greater London E4 7HP3
£570K02/210.5 mi43, Kings Road, Chingford, London, Greater London E4 7HP3
£610K08/210.51 mi24, Pretoria Crescent, London, Greater London E4 7HE3
£650K01/230.52 mi34, Whitehall Gardens, London, Greater London E4 6EH3
£580K12/200.52 mi13, Balgonie Road, London, Greater London E4 7HL3
£560K12/200.55 mi68, Whitehall Gardens, London, Greater London E4 6EH3
£560K12/200.55 mi68, Whitehall Gardens, London, Greater London E4 6EH3
£550K04/210.55 mi21, Whitehall Gardens, London, Greater London E4 6EH3
£450K09/210.55 mi16, Whitehall Gardens, London, Greater London E4 6EH3
£670K06/230.55 mi15, Whitehall Gardens, London, Greater London E4 6EH3
£500K07/230.56 mi31, Maida Avenue, London, Greater London E4 7JH3
£510K03/230.57 mi40, Epping Way, London, Greater London E4 7PB3
£560K09/210.58 mi13, Maida Way, London, Greater London E4 7JL3
£590K06/230.6 mi15, Kimberley Way, London, Greater London E4 6DE3
£465K04/210.6 mi2, Merryhill Close, London, Greater London E4 7PT3
£540K02/210.61 mi18, Maida Avenue, London, Greater London E4 7JN3
£485K06/210.63 mi42, Hawkwood Crescent, London, Greater London E4 7PN3
£420K06/210.63 mi130, College Gardens, London, Greater London E4 7LP3
£686.5K03/210.64 mi42, Elmfield Road, London, Greater London E4 7HU3
£710K11/200.65 mi90, Kimberley Road, Chingford, London, Greater London E4 6DQ3
£460K03/210.66 mi29, Yardley Lane, London, Greater London E4 7RS3
£600K03/210.67 mi8, Seymour Road, Chingford, London, Greater London E4 7LS3
£467.5K07/230.68 mi48, Coney Burrows, London, Greater London E4 6EB3
£565K04/210.69 mi36, Fairlight Avenue, London, Greater London E4 6PA3
£650K10/210.7 mi16, Faversham Avenue, London, Greater London E4 6DT3
£500K11/200.7 mi81, Mansfield Hill, London, Greater London E4 7JP3
£450K05/210.7 mi83, Mansfield Hill, London, Greater London E4 7JP3
£495K12/200.71 mi34, Endlebury Road, London, Greater London E4 6QG3

Local Rents

16 rents from £2.1K/mo to £2.8K/mo, average is £2.4K/mo.

RentDateDistanceAddressBeds 
£2,75005/240.27 miStation Road, Chingford3
£2,40002/240.33 mi-3
£2,50004/240.36 miChingford, E4, London, P44513
£2,30003/250.41 mi-3
£2,45001/250.41 mi-3
£2,35002/250.41 mi-3
£2,35003/250.41 mi-3
£2,35003/250.41 mi-3
£2,50002/250.41 mi-3
£2,50012/230.44 mi-3
£2,10012/230.47 mi-3
£2,65012/240.49 mi-3
£2,50001/250.49 mi-3
£2,25005/240.59 miWhitehall Gardens, Chingford3
£2,50002/240.59 mi-3
£2,20003/240.61 miAmesbury Drive, North Chingford, E43

Local Area Statistics

Population in E4

60,225

Population in London

4,771,921

Town centre distance

8.74 miles away

Nearest school

0.30 miles away

Nearest train station

0.35 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+13%

Sales demand

Seller's market

Capital growth (5yrs)

+26%

Property History

Listed for £799,995

August 20, 2024

Sold for £100,000

1995

Floor Plans

Description

  • 3 bedrooms +
  • Bathroom and separate w.c. +
  • Lounge with bay window +
  • Kitchen & separate dining room +
  • Approx. 145' rear garden +
  • Off street parking +
  • Close to Epping Forest and under 10 mins. walk to Chingford station +
  • Council Tax - Band E +
  • Conservation area +
  • No onward chain +

An attractive three bedroom semi detached house with a huge rear garden extending to over 140' in depth, situated in this highly desirable location at the upper end of Connaught Avenue, within a couple of minutes walk into Epping Forest! Although modernisation is required, there is great scope to improve and extend, subject to planning permission. Chingford Overground station is under 10 minutes walk away, as well as extensive shopping facilities, restaurants, coffee shops and bars. There is NO ONWARD CHAIN.

Accommodation on the ground floor comprises:-

Double doors opening to enclosed porch with inner main entrance door opening to:-

**RECEPTION HALL: ** large double glazed window to side, built in storage, coved ceiling, radiator.

**LOUNGE: ** double glazed bay window to front, coved ceiling, timber fireplace surround, radiator, wall light points, ceiling rose.

DINING ROOM: double glazed picture window and door opening to rear patio, coved ceiling, wall light points, two radiators.

**KITCHEN: ** double glazed windows to rear and side overlooking garden, double glazed door giving side access. Fitted range of wall and base units, tiled walls and floor, 1.5  bowl stainless steel sink unit with mixer tap.  Indesit washing machine, New World oven, four ring gas hob, space for upright fridge/freezer, wall mounted Potterton Suprima gas central heating boiler, coved ceiling, radiator.

Accommodation on the first floor comprises:-

**LANDING: ** double glazed window to side, coved ceiling, access to loft space.

**BEDROOM 1: ** double glazed bay window to front, coved ceiling, radiator.

**BEDROOM 2: ** double glazed windows to rear overlooking garden, sliding wardrobes to one side, radiator.

BEDROOM 3:  double glazed windows to front, coved ceiling, radiator.

**BATHROOM: ** double glazed window to rear, fully tiled walls, white bath with panelled side, chromium mixer taps and handheld shower fitting, vanity basin with storage below, radiator, built in airing cupboard with lagged hot water cylinder.

**SEPARATE W.C.: ** double glazed window to side, fully tiled walls, low flush w.c., coved ceiling.

LARGE GARDEN: approx. 145' (44m), paved patio, timber built storage, access to gated sideway, external tap.  Large lawn area with flowerbeds and shrubs bordering which leads to an additional rear garden area, where there is a mature Redwood tree, which we understand from the Vendors has a Tree Preservation Order.

FRONT GARDEN: off street parking for one car.

Any descriptions of equipment, appliances or services do not imply that they are in good or serviceable condition.  All areas, measurements & distances are approximate and are intended for guidance only. Purchasers must satisfy themselves about any statements made in these particulars, especially if they are travelling a long distance in order to view the property. Personal items and other belongings are not included in the sale, unless specifically stated in our text description.  As with all Estate Agents, Next Move are subject to The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017. We are registered with and supervised by HMRC for compliance, and therefore required by law to conduct due diligence on all customers (vendors and purchasers), which includes, but is not limited to, verifying customers identity by way of photo and address documentation, electronic checks, obtaining proof of ownership of property, establishing any beneficial owners, and verifying proof and source of funds. We obtain a copy of these documents for our records, and this data is kept for at least five years from the end of our business relationship. These requirements come under part of our Anti Money Laundering Policy and we are unable to begin a business relationship with any customer if we are unable to obtain the information needed. Subject to circumstances, we may also seek to obtain supporting documentation.

Agent Details

Next Move, North Chingford

020 3862 2260

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