3 Bed Terraced House, Refurb/BRRR, London, E4 8HU, £475,000

30 The Avenue, Highams Park, E4 9LD - 4 views - 7 months ago

Sold STC
Refurb/BRRR
ROI: 1%
~95 m²
+10 photos

ValuationFair Value

Sold Prices£426K - £670K
Sold Prices/m²£3.4K/m² - £10.5K/m²

 

 

Square Metres

~94.57 m²
Price/m²£5K/m²

Value Estimate

£484,500

 

 

End Value (After Refurb)

£493,689

Uplift in Value

+4%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£118,750

Stamp Duty & Legal Fees

£26,700

Refurb Costs

£50,031

Bridging Loan Interest

£12,469

Total Cash In

£209,699

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£493,689

Mortgage (After Refinance)

£370,267

Mortgage LTV

75%

Cash Released

£14,017

Cash Left In

£195,683

Equity

£123,422

Rent Range

£1,850 - £2,750

Rent Estimate

£2,143

Running Costs/mo

£1,991

Cashflow/mo

£152

Cashflow/yr

£1,819

ROI

1%

Gross Yield

5%

Local Sold Prices

50 sold prices from £426K to £670K, average is £498.5K. £3.4K/m² to £10.5K/m², average is £5.6K/m².

PriceDateDistanceAddressBeds 
£480K06/210.03 mi12, Waverley Avenue, London, Greater London E4 8HT3
£540K06/210.03 mi32, Waverley Avenue, London, Greater London E4 8HT3
£450K08/230.07 mi79, Russell Road, Chingford, London, Greater London E4 8HA3
£455K04/210.12 mi138, Hall Lane, Chingford, London, Greater London E4 8EX3
£550K10/210.13 mi270, Hall Lane, Chingford, London, Greater London E4 8HY3
£505K06/230.17 mi101, Marmion Avenue, London, Greater London E4 8EJ3
£485K12/200.19 mi141, Hampton Road, London, Greater London E4 8NS3
£540K06/210.25 mi42, Middleton Avenue, London, Greater London E4 8EG3
£526.3K05/230.25 mi63, Middleton Avenue, London, Greater London E4 8EF3
£515K06/230.25 mi36, Middleton Avenue, London, Greater London E4 8EG3
£515K01/230.25 mi74, Waltham Way, London, Greater London E4 8HE3
£480K12/200.25 mi74, Hurst Avenue, London, Greater London E4 8DL3
£502K04/210.28 mi2, Burnham Road, London, Greater London E4 8PE3
£515K07/230.3 mi43, Burnham Road, London, Greater London E4 8PD3
£495K02/230.31 mi30, Tufton Road, London, Greater London E4 8LE3
£467.5K11/200.31 mi57, Tufton Road, London, Greater London E4 8LE3
£475K06/230.31 mi24, Marmion Avenue, London, Greater London E4 8EP3
£480K06/210.33 mi54, Marmion Close, London, Greater London E4 8EW3
£670K07/220.34 mi151, Sinclair Road, London, Greater London E4 8PP3
£465K11/200.36 mi4, York Road, Chingford, London, Greater London E4 8QN3
£460K12/200.36 mi44, York Road, Chingford, London, Greater London E4 8QN3
£645K06/220.37 mi215, Westward Road, London, Greater London E4 8QG3
£544K05/210.37 mi90, Cherrydown Avenue, London, Greater London E4 8DU3
£445K03/210.37 mi4, Hampton Road, London, Greater London E4 8NJ3
£540K10/210.38 mi130, Cherrydown Avenue, London, Greater London E4 8DX3
£620K04/230.38 mi110, Cherrydown Avenue, London, Greater London E4 8DX3
£550K06/210.38 mi144, Sinclair Road, London, Greater London E4 8PR3
£482K05/230.41 mi33, Warwick Road, Chingford, London, Greater London E4 8NN3
£457.5K05/230.42 mi3, Norton Close, London, Greater London E4 8LS3
£470K02/210.43 mi21, Cherrydown Close, London, Greater London E4 8DY3
£510K06/230.44 mi119, Middleton Avenue, London, Greater London E4 8EE3
£492.5K11/200.44 mi152, Middleton Avenue, London, Greater London E4 8EE3
£485K02/210.44 mi63, Sinclair Road, London, Greater London E4 8PW3
£545K02/210.47 mi68, Priory Avenue, London, Greater London E4 8AD3
£450K05/210.48 mi163, Waltham Way, London, Greater London E4 8AG3
£525K07/230.48 mi173, Waltham Way, London, Greater London E4 8AG3
£555K02/230.48 mi171, Waltham Way, London, Greater London E4 8AG3
£438K06/210.51 mi10, Westward Road, London, Greater London E4 8LX3
£585K11/220.54 mi4, Rampton Close, London, Greater London E4 8BE3
£545K01/230.55 mi58, Leadale Avenue, London, Greater London E4 8AY3
£454K09/210.56 mi21, Bateman Road, London, Greater London E4 8ND3
£470K04/210.56 mi41, Bateman Road, London, Greater London E4 8ND3
£470K01/210.56 mi63, Bateman Road, London, Greater London E4 8ND3
£550K06/210.57 mi5, Normanshire Drive, London, Greater London E4 9HE3
£545K06/210.57 mi9, Larkswood Road, London, Greater London E4 9DS3
£495K05/210.58 mi54, Mount Avenue, London, Greater London E4 6SY3
£426K04/210.58 mi27, Mount Avenue, London, Greater London E4 6SY3
£530K11/200.59 mi47, Leadale Avenue, London, Greater London E4 8AX3
£430K04/210.59 mi3, Acorn Close, London, Greater London E4 9DA3
£520K04/210.61 mi74, Leadale Avenue, London, Greater London E4 8AY3

Local Rents

19 rents from £1.9K/mo to £2.8K/mo, average is £2.2K/mo.

RentDateDistanceAddressBeds 
£2,30004/240.14 miLower Hall Lane, London, E4N/A
£1,95003/240.16 mi-3
£2,75005/240.16 mi-3
£2,35012/240.32 mi-3
£2,40003/250.34 mi-3
£2,10003/240.38 mi-3
£2,20002/250.38 mi-3
£2,00004/240.39 mi-3
£1,95003/240.4 miAlbert Avenue, Chingford3
£2,20003/240.41 miMiddleton Avenue, Chingford, E43
£2,20004/240.42 mi-3
£2,05003/250.49 mi-3
£2,20002/250.5 mi-3
£1,85003/240.5 miWaltham Way, Chingford, London, E43
£2,20003/240.56 miBateman Road, London, Greater London, E4 8ND3
£1,95003/240.57 miLarkswood Road, Chingford, London. E4 9DS3
£2,40001/250.58 mi-3
£2,00003/240.6 miAinslie wood Road, Chingford, E43
£2,20003/240.62 miNormanshire Drive, Chingford, E43

Local Area Statistics

Population in E4

60,225

Population in London

4,771,921

Town centre distance

6.96 miles away

Nearest school

0.20 miles away

Nearest train station

1.06 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+13%

Sales demand

Seller's market

Capital growth (5yrs)

+26%

Property History

Listed for £475,000

September 3, 2024

Floor Plans

Description

  • Three bedrooms +
  • Mid-terrace +
  • Generous rear garden +
  • Rear access +
  • New heating system +
  • Opportunity for refurbishment +
  • Chain free +
  • Popular location +
  • Good road links +
  • Through lounge +

Look to put your own stamp on your new home? This three bedroom mid terraced house is a great opportunity for a renovation project. The property offers rear access and is offered for sale chain free.

Nestled on the charming Hall Lane in Chingford, this classic 1930s mid-terrace home offers a fantastic opportunity for those looking to create their dream home. Ripe for renovation, this three-bedroom property is brimming with potential, ready to be transformed into a contemporary family haven while retaining its period charm.

Inside, you'll find spacious rooms that offer a blank canvas for modern updates, and with a little imagination, this house could truly shine. The generous garden is a standout feature, offering ample space for outdoor entertaining, gardening, or even future extensions. With convenient rear access, it provides practicality as well as privacy, perfect for families or anyone with a green fingers.

Situated in a sought-after location, the property is offered for sale chain-free, making for a smooth and hassle-free transaction. With excellent road links nearby, including easy access to the M25 and North Circular, commuting and exploring the wider area is effortless. Whether you’re a first-time buyer, investor, or someone with a vision for renovation, this property represents an exciting opportunity to put your stamp on a home in one of Chingford's desirable areas.

Agent Details

William Rose, Highams Park & Chingford

020 3907 3535

Next Steps?

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