2 Bed Terraced House, Refurb/BRRR, London, E15 1UF, £500,000

Blenheim Road, Stratford, E15 1UF - 4 views - 7 months ago

Refurb/BRRR
Planning
~68 m²
+5 photos

ValuationFair Value

Sold Prices£280K - £700.1K
Sold Prices/m²£3.4K/m² - £9.4K/m²

 

 

Square Metres

~68.11 m²
Price/m²£7.3K/m²

Value Estimate

£490,800

 

 

End Value (After Refurb)

£490,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£125,000

Stamp Duty & Legal Fees

£28,700

Refurb Costs

£36,033

Bridging Loan Interest

£13,125

Total Cash In

£204,608

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£490,000

Mortgage (After Refinance)

£367,500

Mortgage LTV

75%

Cash Left In

£204,608

Equity

£122,500

Rent Range

£1,250 - £2,800

Rent Estimate

£1,857

Running Costs/mo

£1,923

Cashflow/mo

£-66

Cashflow/yr

£-788

Gross Yield

4%

Local Sold Prices

52 sold prices from £280K to £700.1K, average is £500K. £3.4K/m² to £9.4K/m², average is £7.2K/m².

PriceDateDistanceAddressBeds 
£390K01/210.07 mi43, Trevelyan Road, London, Greater London E15 1SU2
£470K11/220.1 mi14, Heyworth Road, London, Greater London E15 1SS2
£530K12/200.19 mi69, Trumpington Road, London, Greater London E7 9EH2
£375K06/210.21 mi163a, Cann Hall Road, London, Greater London E11 3NJ2
£490K11/200.21 mi41, Cary Road, London, Greater London E11 3LG2
£500K06/230.22 mi24, Cary Road, London, Greater London E11 3LQ2
£575K11/200.22 mi59, Selby Road, London, Greater London E11 3LS2
£550K01/210.23 mi50, Selby Road, London, Greater London E11 3LR2
£535.5K03/210.26 mi193, Odessa Road, London, Greater London E7 9DX2
£535.5K03/210.26 mi193, Odessa Road, London, Greater London E7 9DX2
£481K02/210.26 mi173, Odessa Road, London, Greater London E7 9DX2
£474K11/200.27 mi206, Odessa Road, London, Greater London E7 9DY2
£560K07/220.27 mi182, Odessa Road, London, Greater London E7 9DY2
£572.5K02/230.28 mi44, Buxton Road, London, Greater London E15 1QU2
£440K06/210.29 mi97, Tower Hamlets Road, London, Greater London E7 9DD2
£440K06/210.29 mi97, Tower Hamlets Road, London, Greater London E7 9DD2
£575K03/230.3 mi9, Chichester Road, London, Greater London E11 3LH2
£700.1K03/210.31 mi72, Matcham Road, London, Greater London E11 3LF2
£410K11/200.31 mi147, Wellington Road, Forest Gate, London, Greater London E7 9BT2
£387K05/210.31 mi107, Wellington Road, Forest Gate, London, Greater London E7 9BT2
£280K09/210.32 mi128, Wellington Road, Forest Gate, London, Greater London E7 9BP2
£550K03/210.32 mi38, Wragby Road, London, Greater London E11 3LB2
£565.5K06/210.32 mi2, Wragby Road, London, Greater London E11 3LB2
£530K01/230.34 mi23, Huddlestone Road, London, Greater London E7 0AW2
£540K02/230.34 mi25, Hughan Road, London, Greater London E15 1LS2
£400K04/210.34 mi207, Ramsay Road, London, Greater London E7 9ES2
£440K11/200.34 mi20, Huddlestone Road, London, Greater London E7 0AN2
£527.8K02/210.34 mi6, Huddlestone Road, London, Greater London E7 0AN2
£465K06/210.34 mi34, Huddlestone Road, London, Greater London E7 0AN2
£560K11/210.34 mi26, Huddlestone Road, London, Greater London E7 0AN2
£485K12/200.35 mi33, Huddlestone Road, London, Greater London E7 0AW2
£495.2K04/210.35 mi21, Huddlestone Road, London, Greater London E7 0AW2
£545K06/210.35 mi89, Huddlestone Road, London, Greater London E7 0AW2
£525K11/200.35 mi62, Thorpe Road, Forest Gate, London, Greater London E7 9EB2
£480K12/200.35 mi60, Thorpe Road, Forest Gate, London, Greater London E7 9EB2
£515K12/220.35 mi68, Thorpe Road, Forest Gate, London, Greater London E7 9EB2
£500K12/220.35 mi33, Dunmow Road, London, Greater London E15 1TZ2
£490K12/200.35 mi41, Thorpe Road, Forest Gate, London, Greater London E7 9EA2
£507K01/210.35 mi15, Pevensey Road, London, Greater London E7 0AR2
£550K03/210.35 mi41, Pevensey Road, London, Greater London E7 0AR2
£395K12/200.35 mi198, Ramsay Road, London, Greater London E7 9ET2
£485K02/210.36 mi67, Wellington Road, Forest Gate, London, Greater London E7 9BY2
£450K11/200.37 mi28, Henniker Road, London, Greater London E15 1JZ2
£515K05/210.4 mi7, Dean Street, London, Greater London E7 9BJ2
£630K03/230.41 mi19, Amethyst Road, London, Greater London E15 2BE2
£500K02/210.41 mi145, Stewart Road, London, Greater London E15 2BD2
£485K05/210.41 mi140, Stewart Road, London, Greater London E15 2BD2
£505K05/210.41 mi143, Stewart Road, London, Greater London E15 2BD2
£455K06/210.41 mi154, Stewart Road, London, Greater London E15 2BD2
£450K08/210.41 mi14, Dean Street, London, Greater London E7 9BJ2
£499K02/210.43 mi124, Chandos Road, London, Greater London E15 1TT2
£518K11/200.43 mi129, Downsell Road, London, Greater London E15 2BS2

Local Rents

50 rents from £1.3K/mo to £2.8K/mo, average is £1.8K/mo.

RentDateDistanceAddressBeds 
£1,47504/250.04 mi-2
£1,80003/240.06 miBlenheim Road, London, E152
£1,59503/240.08 miTrevelyan road, London, E152
£1,85003/240.08 miBorthwick Road, Stratford, London, E152
£1,80004/240.08 miBorthwick Road, Stratford, E152
£2,80002/250.09 mi-2
£2,00001/250.09 mi-2
£2,00003/240.13 mi-2
£1,60003/240.15 mi-2
£1,60001/250.17 mi-2
£1,85004/240.19 miHatfield Road, London, E152
£1,69004/250.19 mi-2
£1,80003/240.19 mi-2
£1,80003/240.2 miWorsley Road, Leytonstone E112
£1,69004/250.2 mi-2
£2,00012/240.22 mi-2
£1,70004/240.22 miMaidenway Court, 220a High Road Leytonstone, Leytonstone, E112
£2,20005/240.23 mi-2
£2,00005/240.23 mi-2
£2,00004/250.23 mi-2
£2,20003/240.23 mi-2
£1,60004/240.27 miOdessa Road, London, E72
£1,80003/240.28 miRamsay Road, Forest Gate, E72
£1,90005/240.28 miFlat 6 1a Wingfield Road2
£1,75003/250.29 mi-2
£1,80005/240.29 miHigh Road Leytonstone,London,E112
£1,80003/240.29 miHigh Road Leytonstone, Leytonstone E112
£1,85012/240.3 mi-2
£1,85012/240.3 mi-2
£1,80003/250.3 mi-2
£1,80004/240.3 miLeytonstone Road, Stratford, E152
£2,20005/240.32 miPevensey Road, Forest Gate, London, E72
£2,50003/250.33 mi-2
£2,00003/240.34 mi-2
£1,25004/240.35 miTrumpington Road, London, E72
£1,75003/240.35 miMagpie Close, Forest Gate, E72
£1,95004/240.37 miNapier Road,London,E112
£1,85012/240.37 mi-2
£1,49502/240.37 mi-2
£1,75004/240.37 miParkland Court, Maryland Park, Stratford, E152
£1,75001/250.37 mi-2
£2,00003/250.37 mi-2
£2,20002/250.37 mi-2
£2,15004/250.37 mi-2
£1,75005/240.38 miWoodhouse Road, Leytonstone, London, E112
£1,60003/240.39 miLuxembourg Mews, Stratford2
£1,80003/240.39 miSaffron Court, Newham, London, E152
£1,80004/240.39 miSaffron Court, Newham, London, E152
£1,80004/240.39 miSaffron Court, Newham, London, E152
£1,80004/240.39 miSaffron Court, Newham, London, E152

Local Area Statistics

Population in E15

52,199

Population in London

4,771,921

Town centre distance

5.26 miles away

Nearest school

0.20 miles away

Nearest train station

0.50 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+16%

Sales demand

Balanced market

Capital growth (5yrs)

+22%

Property History

Listed for £500,000

September 16, 2024

Floor Plans

Description

  • PERIOD HOME +
  • TWO BEDROOMS +
  • TWO RECEPTIONS +
  • GROUND FLOOR BATHROOM +
  • 33FT REAR GARDEN +
  • REQUIRES UPDATING +

A delightful two bedroom Victorian mid-terrace property located on the desirable Blenheim Road. This house offers an excellent opportunity for those looking to create their dream home. While the property requires modernisation, it presents huge potential for further development, subject to planning permission (STPP).

As you enter the property, you are greeted by an entrance hallway. To the right is reception one, a spacious room perfect for a cosy living area. Moving through the hallway, the staircase is centrally located, taking you up to two spacious double bedrooms. On the other side of the stairs is reception two, which could serve as a dining room or second living space. Beyond the receptions, you'll find the kitchen which then leads to a separate toilet and bathroom at the rear of the ground floor.

The layout offers great scope for reconfiguration and modernisation, with potential to extend further into the garden, subject to planning permission.

Blenheim Road is ideally located for excellent transport links, just a short walk to Maryland Station on the Elizabeth Line, providing quick and easy access to central London, Canary Wharf, and beyond. The area is also close to local amenities, parks, schools, and shopping options, making it a convenient and desirable place to live.

This property would be perfect for buyers with a vision, offering the chance to renovate and add value. With its excellent location and development potential, it's an exciting opportunity to create a beautiful home.

Agent Details

haart, Stratford

020 3917 4081

Next Steps?

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