3 Bed Flat, Refurb/BRRR, London, E7 0AA £550,000

Vansittart Road, Forest Gate, E7 0AA - 1 views - a year ago
Sold STC
Refurb/BRRR
~96 m²
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+2 photos

ValuationFair Value

Sold Prices£230K - £1.4M
Sold Prices/m²£2.7K/m² - £8.7K/m²

 

 

Square Metres

~96.10 m²
Price/m²£5.7K/m²

Value Estimate

£555,500

 

 

End Value (After Refurb)

£680,050

Uplift in Value

+24%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£137,500

Stamp Duty & Legal Fees

£46,200

Refurb Costs

£55,800

Bridging Loan Interest

£14,438

Total Cash In

£255,688

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£680,050

Mortgage (After Refinance)

£510,038

Mortgage LTV

75%

Cash Released

£97,538

Cash Left In

£158,150

Equity

£170,013

Rent Range

£1,800 - £4,200

Rent Estimate

£2,498

Running Costs/mo

£2,645

Cashflow/mo

£-147

Cashflow/yr

£-1,761

Gross Yield

5%

Local Sold Prices

25 sold prices from £230K to £1.4M, average is £390K. £2.7K/m² to £8.7K/m², average is £4.9K/m².

Price
Date
Distance
Address
Beds
 
£1.4M06/230.16 mi134, Trumpington Road, London E7 9EQ3
£360K02/250.45 mi112b, Earlham Grove, Forest Gate, London E7 9AT3
£360K02/250.45 mi112b, Earlham Grove, Forest Gate, London E7 9AT3
£620K08/220.5 mi46a, Capel Road, London, Greater London E7 0JP3
£458.5K02/250.52 mi92a, Sebert Road, Forest Gate, London E7 0NH3
£410K03/230.6 mi181, Sansom Road, London, Greater London E11 3HG3
£255K03/230.61 mi18, Mcgrath Road, London, Greater London E15 4JP3
£245K10/240.61 mi228 Sycamore Court, Flat 4, Romford Road, Forest Gate, London E7 9HB3
£410K03/250.63 mi1, Thorogood Gardens, Stratford, London E15 1HG3
£464K12/220.68 mi35a, Carnarvon Road, Stratford, London, Greater London E15 4JW3
£415.3K08/220.73 mi32a, Chaucer Road, London, Greater London E7 9NB3
£330K04/230.75 mi8, Dyson Road, London, Greater London E15 4JX3
£230K06/250.79 mi15, Gower Road, Forest Gate, London E7 9NF3
£410K10/210.8 mi22, Manbey Park Road, London, Greater London E15 1EY3
£350K09/210.8 mi100, Glenparke Road, London, Greater London E7 8BW3
£418K12/220.8 mi5, Faraday Road, London, Greater London E15 4JT3
£485.5K03/250.85 mi93b, Chobham Road, Stratford, London E15 1LX3
£332K11/240.91 mi556a, Katherine Road, Forest Gate, London E7 8EA3
£507.5K04/230.92 mi594, High Road Leytonstone, London, Greater London E11 3DA3
£342K07/210.92 mi40, Windmill Lane, London, Greater London E15 1PH3
£413.3K10/220.92 mi526a, Katherine Road, London, Greater London E7 8EA3
£315K05/250.96 mi92, Major Road, Stratford, London E15 1EH3
£315K05/250.96 mi92, Major Road, Stratford, London E15 1EH3
£390K01/250.97 mi48, Simons Walk, Stratford, London E15 1QE3
£350K03/250.99 mi20, High Road Leyton, London E15 2BP3

Local Rents

50 rents from £1.8K/mo to £4.2K/mo, average is £2.4K/mo.

Rent
Date
Distance
Address
Beds
 
£2,20006/250.03 mi-3
£2,20003/240.05 miPevensey Road3
£2,30008/250.05 miPevensey Road3
£1,95007/250.05 miPevensey Road3
£2,49505/250.06 mi-3
£2,35003/240.1 miEric Close, E7, London3
£4,20005/250.1 mi-3
£3,90011/250.1 mi-3
£2,25011/250.1 miThorpe Road, Forest Gate, London, E73
£3,05005/250.11 mi-3
£2,40005/250.11 mi-3
£2,40005/250.11 mi-3
£1,95011/250.12 miThorpe Road, London, E73
£1,80002/240.13 mi-3
£1,92505/250.13 mi-3
£2,30010/250.13 miThorpe Road, Forest Gate, E73
£2,40005/250.14 miTrumpington Road, London, E73
£2,50009/250.15 mi-3
£2,30011/250.15 mi-3
£2,30010/250.15 miThorpe Road, London, E73
£2,50005/250.16 mi-3
£3,00005/250.17 miLeonard Road3
£2,50004/240.18 miDames Road, Forest Gate3
£2,30010/250.18 mi-3
£2,40005/250.18 miRamsay Road, Forest Gate, E73
£2,40005/250.18 mi-3
£2,50010/250.19 miOdessa Road, E73
£3,50011/250.19 mi-3
£2,50008/250.2 miOdessa Road, London3
£2,30005/250.22 miWellington Road, Forest Gate, E73
£2,19909/250.22 miCann Hall Road, London, E113
£2,39504/240.22 miCann Hall Road, London, E113
£2,24509/250.22 miCann Hall Road, London, E113
£2,90005/250.22 miLightermans Yard, Forest Gate, London, E73
£2,50005/250.23 mi-3
£2,20005/250.23 mi-3
£2,40005/250.23 mi-3
£2,50011/250.23 miOdessa Road, E73
£2,00005/250.23 miTower Hamlets Road, E73
£2,15008/250.26 miStracey Road, LONDON3
£2,70010/250.26 miRamsay Road, E73
£2,29010/250.26 mi-3
£2,90004/240.26 miLightermans Yard, London, E73
£2,20010/250.26 miStracey Road, London, E7 3
£2,60009/250.26 miCobbold Road, Leytonstone3
£2,14511/250.27 miField Road, London, E73
£2,70011/250.28 miRamsay Road, E73
£2,30005/250.28 miTower Hamlets Road, London, E73
£2,30005/250.28 mi-3
£2,50007/250.29 mi-3

Local Area Statistics

Population in E7

54,565

Population in London

4,771,921

Town centre distance

5.65 miles away

Nearest school

0.30 miles away

Nearest train station

0.37 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+1%

Sales demand

Balanced market

Capital growth (5yrs)

+17%

Property History

Listed for £550,000

September 5, 2024

Floor Plans

Property image

Description

  • Three bedroom House +
  • A Great Renovation Opportunity +
  • Original Wood Floors +
  • Bathroom and Shower room +
  • Popular Location +
  • Close to Winchelsea Road Arches +
  • Moments to Wanstead flats +
  • A Short Walk to Forest Gate Viallge +

This wonderful, three bedroom , two bathroom home provides a fantastic renovation opportunity to create the perfect family home. All just a short walk away from Forest Gate and only a stone's throw from Winchelsea Road and Wanstead Flats.

Your door to door City commute could take as little as twenty three minutes. From nearby Forest Gate station the swift and efficient Elizabeth line offers regular direct services to Stratford, Liverpool Street, Paddington and Heathrow Airport.

IF YOU LIVED HERE...

Stepping through your double glazed front door and entrance porch, you'll see gorgeous original floorboards stretching out over the whole of your ground floor. The first room on your right is a 125 square foot reception, with a tiled fireplace and bright bay window. Carrying on down the hall you'll find your second reception room, with similar dimensions to the first. After that there's a handy ground floor WC and a large family bathroom sits next door, home to a modern white suite with handset shower over the tub.

To the rear, you'll find a classic kitchen, with bronzed splashbacks, white cabinets and an integrated chef's oven with gas cooking range. A door opens out onto your private patio garden, where neat borders are just waiting to be filled with flowers and vegetables. Back inside and heading upstairs, you'll find your first and second double bedrooms both feature ornate pewter hearths. Just across the landing there's a fully tiled, stroll in shower room and your third double bedroom sits to the rear of your first floor, overlooking the garden.

Head outside and in moments you'll be wandering along Winchelsea Road. This vibrant social hub has all the amenities you could possibly need. Nestled under the Forest Gate railway arches you'll find delicious fresh bread and baked goods at Wild Goose Bakery, an expertly curated selection of wines at Joyau and delicious craft beers and friendly vibes at The Wanstead Tap. The expansive meadows and scenic footpaths of Wanstead Flats are only five minutes away - start at the Sidney Road entrance and make your way past Jubilee Pond, to venture onto the Heath or past Alexandra Lake and along to Manor Park.

WHAT ELSE?

- Younger members of your family will enjoy a visit to the Can Club on Winchelsea Road. This creative play centre has great cafe too, so you can relax with a good book and a coffee while your little ones play and explore.
- An easy ten minute stroll will bring you to your new local, The Forest Tavern. This friendly gastropub has a warm, welcoming interior and serves the best Sunday roasts in Forest Gate.
- There are twenty five primary and secondary schools within a mile of your home. Three of which are independent and seven that have achieved the much coveted 'Outstanding' rating from Ofsted.

Reception - 3.22 x 3.86 (10'6" x 12'7") -

Reception - 3.22 x 3.10 (10'6" x 10'2") -

Wc -

Bathroom - 1.51 x 2.21 (4'11" x 7'3") -

Kitchen - 2.73 x 3.38 (8'11" x 11'1") -

Bedroom - 4.23 x 3.26 (13'10" x 10'8") -

Bedroom - 3.24 x 3.12 (10'7" x 10'2") -

Shower -

Bedroom - 2.73 x 2.35 (8'11" x 7'8") -

Garden - approx. 4.62 x 4.62 (approx. 15'1" x 15'1") -

A WORD FROM THE EXPERT...

"When I decided to move to Forest Gate a few years ago, I was drawn by the great housing stock, the green spaces of Wanstead Flats and the friendly, up-and-coming vibe of independent boutiques, eateries, and bars.
I’ve spent many a happy weekend walking on the flats and in Wanstead Park. Often, I’ll finish up with an all-trimmings roast at The Holly Tree or perhaps a fantastic curry from The Wanstead Kitchen.
After living here for a while, you really start to feel happy and settled. I love the arty, independent feel of Forest Gate, and I get the impression I’m not the only one — it’s something all the locals nurture and support."

JOSEPH EARNSHAW
E7 BRANCH MANAGER

Agent Details

The Stow Brothers, Wanstead & Leytonstone

020 3907 3713

Next Steps?

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