2 Bed Terraced House, Planning Permission, London, E15 3BH, £460,000

Wakelin Road, Stratford, E15 3BH - 1 views - 7 months ago

Sold STC
Planning
ROI: 2%
~68 m²
+10 photos

ValuationOvervalued

Sold Prices£279K - £537.5K
Sold Prices/m²£4.1K/m² - £10.4K/m²

 

 

Square Metres

~68.11 m²
Price/m²£6.8K/m²

Value Estimate

£450,411

 

 

End Value (After Refurb)

£443,750

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£115,000

Stamp Duty & Legal Fees

£25,500

Refurb Costs

£36,033

Bridging Loan Interest

£12,075

Total Cash In

£190,358

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£443,750

Mortgage (After Refinance)

£332,813

Mortgage LTV

75%

Cash Left In

£190,358

Equity

£110,938

Rent Range

£1,300 - £2,800

Rent Estimate

£2,069

Running Costs/mo

£1,821

Cashflow/mo

£248

Cashflow/yr

£2,982

ROI

2%

Gross Yield

5%

Local Sold Prices

50 sold prices from £279K to £537.5K, average is £427.5K. £4.1K/m² to £10.4K/m², average is £6.6K/m².

PriceDateDistanceAddressBeds 
£425K01/230.05 mi5, Richardson Road, London, Greater London E15 3BB2
£490K09/210.08 mi86, Pond Road, London, Greater London E15 3BE2
£440K03/210.15 mi51, Ranelagh Road, Stratford, London, Greater London E15 3DP2
£420K04/230.2 mi142, Corporation Street, London, Greater London E15 3DY2
£385K06/210.23 mi34, Mortham Street, London, Greater London E15 3LS2
£440K06/210.24 mi3, Holbrook Road, London, Greater London E15 3DZ2
£430K12/220.27 mi21, Harcourt Road, London, Greater London E15 3DX2
£442.5K02/210.27 mi36, Holbrook Road, London, Greater London E15 3EA2
£400K06/210.31 mi10, Willis Road, London, Greater London E15 3HH2
£525K11/220.32 mi86, Corporation Street, London, Greater London E15 3HD2
£490K05/220.37 mi1, Rokeby Street, London, Greater London E15 3NS2
£435K06/210.4 mi47, Marriott Road, London, Greater London E15 4QF2
£435K06/210.4 mi47, Marriott Road, London, Greater London E15 4QF2
£370K03/210.45 mi60, Salmen Road, London, Greater London E13 0DT2
£417.5K06/210.47 mi118, Emma Road, London, Greater London E13 0DR2
£417.5K06/210.47 mi118, Emma Road, London, Greater London E13 0DR2
£425K06/210.47 mi65, Pitchford Street, London, Greater London E15 4RZ2
£415K03/230.48 mi322, Grange Road, London, Greater London E13 0HQ2
£410K12/200.48 mi19, Pitchford Street, London, Greater London E15 4RZ2
£410K05/230.49 mi2, Helena Road, London, Greater London E13 0DU2
£386K08/230.49 mi45, Helena Road, London, Greater London E13 0DU2
£352.5K07/210.5 mi72a, Evesham Road, London, Greater London E15 4AJ2
£330K01/230.5 mi16, Helena Road, London, Greater London E13 0DU2
£279K05/230.5 mi187a, Vicarage Lane, Stratford, London, Greater London E15 4HJ2
£425K01/230.53 mi106, Emma Road, London, Greater London E13 0DR2
£364.5K11/200.53 mi10, Ladysmith Road, London, Greater London E16 4NR2
£448.5K08/230.55 mi107, Tennyson Road, Stratford, London, Greater London E15 4DR2
£387K04/210.55 mi76, Pretoria Road, London, Greater London E16 4NP2
£440K04/230.55 mi28, Faringford Road, London, Greater London E15 4DW2
£465K06/210.55 mi10, Faringford Road, London, Greater London E15 4DW2
£472K05/230.58 mi8, Mafeking Road, London, Greater London E16 4NS2
£440K03/230.58 mi17, Faringford Road, London, Greater London E15 4DP2
£421K04/210.58 mi48, Aldworth Road, London, Greater London E15 4DL2
£501.3K01/210.58 mi78, Aldworth Road, London, Greater London E15 4DL2
£445K10/200.59 mi9, Aldworth Road, London, Greater London E15 4DN2
£537.5K06/230.6 mi117, East Road, London, Greater London E15 3QS2
£480K01/230.6 mi25, Bisson Road, London, Greater London E15 2RD2
£400K10/230.63 mi14, Turnstone Close, London, Greater London E13 0HN2
£390K09/230.65 mi60, Stock Street, London, Greater London E13 0BY2
£363K06/210.65 mi41, Turnstone Close, London, Greater London E13 0HW2
£355K08/210.65 mi55, Turnstone Close, London, Greater London E13 0HW2
£405K02/230.66 mi43, Turnstone Close, London, Greater London E13 0HW2
£460K03/210.66 mi93, Tennyson Road, London, Greater London E15 4DJ2
£532.5K12/210.66 mi41, Tennyson Road, Stratford, London, Greater London E15 4DJ2
£442K02/210.66 mi75, Tennyson Road, London, Greater London E15 4DJ2
£450K01/210.66 mi64, Vernon Road, London, Greater London E15 4DG2
£496.5K11/200.67 mi85, Vernon Road, Stratford, London, Greater London E15 4DQ2
£495K11/200.67 mi73, Vernon Road, Stratford, London, Greater London E15 4DQ2
£425K03/230.67 mi69, Vernon Road, Stratford, London, Greater London E15 4DQ2
£430K06/210.67 mi31, Vernon Road, Stratford, London, Greater London E15 4DQ2

Local Rents

50 rents from £1.3K/mo to £2.8K/mo, average is £2K/mo.

RentDateDistanceAddressBeds 
£1,99902/250.06 mi-2
£2,38304/240.07 miCorporation Street, London, E152
£1,85001/250.08 mi-2
£1,85001/250.08 mi-2
£1,85001/250.08 mi-2
£1,68504/240.08 miPond Road, Stratford E152
£2,00003/240.1 miCorporation Street London E152
£2,00004/240.1 miCorporation Street London E152
£1,85004/240.1 miCorporation Street London E152
£1,80003/240.14 miAlan Hocken Way, West Ham, E152
£1,60003/240.14 miJack Clow Road, West Ham, E152
£1,95001/250.15 mi-2
£1,85001/250.15 mi-2
£1,80003/240.15 miAlan Hocken Way, West Ham, E152
£1,80005/240.16 mi-2
£1,85004/240.16 mi-2
£1,80004/240.16 mi-2
£1,80003/240.16 miJack Clow Road, London, E152
£1,90004/240.16 miJack Clow Road, London, E152
£1,80004/240.16 miJack Clow Road, London, E152
£1,90005/240.16 miJack Clow Road, London, E152
£1,73904/240.19 miAbbey Road, London, E152
£1,76604/240.19 miAbbey Road, London, E152
£1,30004/240.22 miHarcourt Road2
£2,65003/250.25 mi-2
£2,08004/240.29 mi-2
£2,10005/240.29 mi-2
£2,10003/250.3 mi-2
£2,20002/250.32 mi-2
£2,45003/250.34 mi-2
£2,80005/240.35 mi-2
£2,80012/240.35 mi-2
£2,70012/240.35 mi-2
£2,10005/240.35 miWest Ham Lane, Stratford Village, E152
£2,45003/250.35 mi-2
£2,15004/240.35 miElmgreen Close, Stratford, London, E152
£1,80012/240.37 mi-2
£1,79504/240.38 miPlaistlow Road, Stratford, London, E152
£2,00003/240.38 miBarnby Street, Stratford, E152
£2,25005/240.39 miCaistor Park Road, Stratford, London, E152
£2,38304/240.4 miMarriott Road, London, E152
£2,00503/240.43 miLondon Road, Plaistow Hub, London, E132
£2,02503/240.43 miLondon Road, Plaistow Hub, London, E132
£1,95001/250.44 mi-2
£1,85003/240.45 miHallings Wharf Studios, Channelsea Road, Stratford, E152
£2,19012/240.45 mi-2
£2,74303/250.45 mi-2
£2,74312/240.45 mi-2
£2,25003/240.45 miHallings Wharf, Stratford, London, E152
£2,25003/240.45 miHallings Wharf Studios, Stratford, London, E152

Local Area Statistics

Population in E15

52,199

Population in London

4,771,921

Town centre distance

4.82 miles away

Nearest school

0.10 miles away

Nearest train station

0.10 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+16%

Sales demand

Balanced market

Capital growth (5yrs)

+22%

Property History

Listed for £460,000

September 4, 2024

Sold for £246,500

2007

Sold for £212,500

2007

Floor Plans

Description

  • Victorian Terraced House +
  • Freehold +
  • Two Double Bedrooms +
  • South East Facing Garden +
  • Close to West Ham Station +
  • Potential to Extend +

A bright and charming two-double bedroom terraced home with lovely period features, a secluded rear garden and great potential for development, including planning permission for a wrap around extension to the ground floor, and also for a loft extension.

It’s situated five minutes Abbey Road DLR, while West Ham station is just slightly further, and if you fancy a wander north, you’ll find Westfield Stratford and the Olympic Park less than half an hour away on foot.

IF YOU LIVED HERE…

You can take pride in knowing that you have a few little hidden gems on your doorstep, from the up-and-coming community of Plaistow to the lesser-explored part of Stratford, south of Westfield.

Back at home, you’ll be delighted by the light that flows through dual aspect reception room. Neutrally decorated - and with the potential to extend, it’s the perfect a blank canvas, with features such as the open tread staircase adding immediate charm.

Your kitchen will be the perfect pick-me-up on grey mornings with its rustic flooring and plentiful storage. Open the rear door and enjoy a drink in the south-east facing garden. The bathroom is to the rear of the kitchen, while on the first floor you’ll find two airy double bedrooms. The fact that planning permission has been granted for a loft extension brings up even more potential, so you’ll have a fun time plotting your mood boards.

WHAT ELSE?

- As well as having Abbey Road five mins away on foot, you're nine minutes from West Ham Station for the District, Hammersmith & City and Jubilee Lines, so you can nip to central London in less than 15 mins.
-You’re less than 15 minutes to London City Airport door to door. The world is your oyster.
- Parents will be pleased to know that you’ve got an abundance of popular primary and secondary schools within a mile.

Reception - 3.71m x 7.01m (12'2 x 23) -

Kitchen - 2.24 x 3.03 (7'4" x 9'11") -

Storage -

Bathroom - 2.06m x 2.01m (6'9" x 6'7") -

Bedroom - 3.71m x 3.15m (12'2" x 10'4") -

Bedroom - 2.85 x 3.18 (9'4" x 10'5") -

A WORD FROM THE OWNER...

"Wakelin Road is a quiet, friendly street – a great location for local shops, cycling on the Greenway and very close to the tube at West Ham, local buses on Manor Road and New Plaistow Road as well as Abbey Road DLR station (which was not even built when we selected the house for the other great transport links!). We have really enjoyed living here and witnessing the improvements to and transformation of the area before, during and after the London Olympic Games. We have loved living in this area, so much so that while we are moving as we want more space we will be staying local!
We hope you’ll enjoy living here and as a couple of tips, our favourite spots within easy walking distance are family run café and bakery Sawmill and the excellent board gamers pub Escape Bar.”

Agent Details

The Stow Brothers, Wanstead & Leytonstone

020 3907 3713

Next Steps?

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