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2 Bed Flat, Single Let, London, E18 2JQ £375,000
ValuationUndervalued
| Sold Prices | £289K - £675K |
| Sold Prices/m² | £914/m² - £8.4K/m² |
| |
Square Metres | ~68.11 m² |
| Price/m² | £5.5K/m² |
Value Estimate | £405,260£405,260 |
| BMV | 8% |
Cashflows
Cash In | |
Purchase Finance | MortgageMortgage |
Deposit (25%) | £93,750£93,750 |
Stamp Duty & Legal Fees | £28,700£28,700 |
Total Cash In | £122,450£122,450 |
| |
Cash Out | |
Rent Range | £1,500 - £2,450£1,500 - £2,450 |
Rent Estimate | £1,650 |
Running Costs/mo | £1,522£1,522 |
Cashflow/mo | £128£128 |
Cashflow/yr | £1,538£1,538 |
ROI | 1%1% |
Gross Yield | 5%5% |
Local Sold Prices
50 sold prices from £289K to £675K, average is £385.6K. £914/m² to £8.4K/m², average is £5.9K/m².
Price | Date | Distance | Address | Price/m² | m² | Beds | Type | ||
| £318K | 12/24 | 0.02 mi | Dale Court, Flat 21, Grove Hill, South Woodford, London E18 2JD | £5,390 | 59 | 2 | Flat | ||
| £465K | 02/25 | 0.06 mi | 43, Grove Hill, South Woodford, London E18 2JB | £7,266 | 64 | 2 | Flat | ||
| £410K | 03/25 | 0.09 mi | 27, 89 111 Regency Court, High Road, South Woodford, London E18 2JT | £5,857 | 70 | 2 | Flat | ||
| £410K | 03/25 | 0.09 mi | 27, 89 111 Regency Court, High Road, South Woodford, London E18 2JT | - | - | 2 | Flat | ||
| £354K | 06/21 | 0.11 mi | Flat 79, Malford Court, The Drive, London, Greater London E18 2HT | - | - | 2 | Flat | ||
| £400K | 12/21 | 0.11 mi | Flat 78, Malford Court, The Drive, London, Greater London E18 2HT | - | - | 2 | Flat | ||
| £365K | 10/22 | 0.12 mi | Flat 39, Malford Court, The Drive, London, Greater London E18 2HS | - | - | 2 | Flat | ||
| £410K | 01/23 | 0.12 mi | Flat 84, Malford Court, The Drive, London, Greater London E18 2HT | - | - | 2 | Flat | ||
| £415K | 02/23 | 0.16 mi | Flat 3, Millbrook, Woodford Road, London, Greater London E18 2EB | - | - | 2 | Flat | ||
| £327.5K | 12/24 | 0.2 mi | Dorchester Court, Flat 15, Buckingham Road, South Woodford, London E18 2NG | £5,117 | 64 | 2 | Flat | ||
| £390K | 12/24 | 0.21 mi | Hillboro Court, 2, Buckingham Road, South Woodford, London E18 2NQ | £4,875 | 80 | 2 | Flat | ||
| £420K | 06/21 | 0.22 mi | Flat 5, Hanover House, Eastwood Road, London, Greater London E18 1BN | - | - | 2 | Flat | ||
| £415K | 06/21 | 0.23 mi | 24, Alveston Square, London, Greater London E18 1AQ | £5,608 | 74 | 2 | Flat | ||
| £390K | 03/25 | 0.23 mi | 37, Alveston Square, South Woodford, London E18 1AQ | - | - | 2 | Flat | ||
| £348K | 03/25 | 0.25 mi | Flat 2, 64, Marlborough Road, South Woodford, London E18 1AP | £6,960 | 50 | 2 | Flat | ||
| £348K | 03/25 | 0.25 mi | Flat 2, 64, Marlborough Road, South Woodford, London E18 1AP | - | - | 2 | Flat | ||
| £560K | 02/25 | 0.27 mi | 20a, Malmesbury Road, South Woodford, London E18 2NN | £8,358 | 67 | 2 | Flat | ||
| £340K | 12/24 | 0.28 mi | Imperial Heights, 28, Queen Mary Avenue, South Woodford, London E18 2FJ | £4,857 | 70 | 2 | Flat | ||
| £410K | 11/22 | 0.28 mi | 78a, Marlborough Road, London, Greater London E18 1AP | £8,378 | 49 | 2 | Flat | ||
| £402.5K | 08/25 | 0.29 mi | Flat 8, Ferndown, Woodford Road, South Woodford, London E18 2ED | - | - | 2 | Flat | ||
| £350K | 12/24 | 0.31 mi | Marquess Heights, 9, Queen Mary Avenue, South Woodford, London E18 2FS | £5,303 | 66 | 2 | Flat | ||
| £675K | 05/25 | 0.31 mi | Flat 1, Embassy Court, Woodford Road, South Woodford, London E18 2EE | £5,153 | 131 | 2 | Flat | ||
| £675K | 05/25 | 0.31 mi | Flat 1, Embassy Court, Woodford Road, South Woodford, London E18 2EE | - | - | 2 | Flat | ||
| £365K | 03/25 | 0.34 mi | Flat 21, 7 Woodleigh, Churchfields, South Woodford, London E18 2RF | - | - | 2 | Flat | ||
| £465K | 12/24 | 0.34 mi | 33 Walbrook, Flat 10, Woodford Road, South Woodford, London E18 2EG | £6,039 | 77 | 2 | Flat | ||
| £450K | 08/21 | 0.36 mi | 60a, Mulberry Way, London, Greater London E18 1ED | - | - | 2 | Flat | ||
| £375K | 01/25 | 0.37 mi | Laurel Mead Court, Flat 7, Churchfields, South Woodford, London E18 2RB | £7,212 | 52 | 2 | Flat | ||
| £365K | 02/25 | 0.37 mi | Flat 11, 35 Laurel Mead Court, Churchfields, South Woodford, London E18 2RB | £5,530 | 66 | 2 | Flat | ||
| £405K | 03/25 | 0.37 mi | Flat 5, Helmsley, Cleveland Road, South Woodford, London E18 2AY | £914 | 443 | 2 | Flat | ||
| £437.5K | 09/21 | 0.38 mi | 50, George Lane, London, Greater London E18 1LW | £6,530 | 67 | 2 | Flat | ||
| £386K | 11/22 | 0.38 mi | Flat 23, Helmsley, Cleveland Road, London, Greater London E18 2AY | - | - | 2 | Flat | ||
| £375K | 03/23 | 0.38 mi | Flat 5, Helmsley, Cleveland Road, London, Greater London E18 2AY | - | - | 2 | Flat | ||
| £450K | 09/24 | 0.41 mi | 24a, Tavistock Road, South Woodford, London E18 2AP | £7,031 | 64 | 2 | Flat | ||
| £365K | 12/24 | 0.43 mi | 20, Flat First Floor, St Albans Crescent, Woodford Green IG8 9EH | - | - | 2 | Flat | ||
| £352K | 09/21 | 0.46 mi | 33, Avondale Court, London, Greater London E18 2RD | - | - | 2 | Flat | ||
| £327.4K | 05/21 | 0.46 mi | 15, Avondale Court, London, Greater London E18 2RD | - | - | 2 | Flat | ||
| £355K | 12/24 | 0.47 mi | 31, Avondale Court, South Woodford, London E18 2RD | £7,553 | 47 | 2 | Flat | ||
| £460K | 03/25 | 0.47 mi | 1, 6 8 Acorn Court, Oakdale Road, South Woodford, London E18 1JX | - | - | 2 | Flat | ||
| £357K | 01/25 | 0.48 mi | 3 Albert House, Flat 10, Victoria Road, South Woodford, London E18 1LJ | £5,950 | 60 | 2 | Flat | ||
| £289K | 06/21 | 0.48 mi | 9, Roycroft Close, London, Greater London E18 1DZ | - | - | 2 | Flat | ||
| £300K | 03/23 | 0.49 mi | Flat 8, Swift House, Chigwell Road, London, Greater London E18 1TP | - | - | 2 | Flat | ||
| £335.5K | 07/23 | 0.5 mi | Flat 3, Deborah Court, Victoria Road, London, Greater London E18 1LF | - | - | 2 | Flat | ||
| £342.5K | 03/23 | 0.52 mi | 47, Osprey Close, London, Greater London E11 1SZ | - | - | 2 | Flat | ||
| £310K | 08/25 | 0.55 mi | Flat 31, Highland Court, Gordon Road, South Woodford, London E18 1RE | - | - | 2 | Flat | ||
| £385.1K | 01/25 | 0.55 mi | 11, Osprey Close, Wanstead, London E11 1SY | £7,131 | 54 | 2 | Flat | ||
| £502K | 03/25 | 0.55 mi | Flat Ground Floor, 106, Hermon Hill, London E18 1QB | - | - | 2 | Flat | ||
| £395K | 03/25 | 0.56 mi | 24, Clementine Walk, Woodford Green IG8 9GT | £5,563 | 71 | 2 | Flat | ||
| £395K | 03/25 | 0.56 mi | 24, Clementine Walk, Woodford Green IG8 9GT | - | - | 2 | Flat | ||
| £360K | 03/25 | 0.56 mi | 17, Crescent Road, South Woodford, London E18 1JA | - | - | 2 | Flat | ||
| £360K | 03/25 | 0.56 mi | 17, Crescent Road, South Woodford, London E18 1JA | - | - | 2 | Flat |
Local Rents
50 rents from £1.5K/mo to £2.5K/mo, average is £1.9K/mo.
Rent | Date | Distance | Address | Beds | Type | ||
| £1,800 | 06/25 | 0 mi | The Chiltons, Grove Hill, South Woodford | 2 | Flat | ||
| £2,000 | 11/25 | 0.01 mi | The Chiltons, South Woodford, E18 | 2 | Flat | ||
| £1,650 | 07/25 | 0.03 mi | - | 2 | Flat | ||
| £1,650 | 05/24 | 0.03 mi | Grove Hill, London, E18 | 2 | Flat | ||
| £1,650 | 06/24 | 0.03 mi | - | 2 | Flat | ||
| £1,700 | 03/24 | 0.04 mi | Dale Court, London, E18 | 2 | Flat | ||
| £1,700 | 03/24 | 0.04 mi | - | 2 | Flat | ||
| £1,800 | 10/25 | 0.04 mi | High Road, South Woodford | 2 | Flat | ||
| £2,300 | 10/25 | 0.06 mi | Regency Court, London, E18 | 2 | Flat | ||
| £2,300 | 10/25 | 0.06 mi | - | 2 | Flat | ||
| £1,800 | 03/24 | 0.06 mi | - | 2 | Flat | ||
| £1,500 | 04/24 | 0.06 mi | High Road, London, E18 | 2 | Flat | ||
| £2,450 | 09/25 | 0.08 mi | Grove Hill, South Woodford, London | 2 | Semi-Detached House | ||
| £1,900 | 11/25 | 0.08 mi | Regency Court, 8-111 High Road, South Woodford, E18 | 2 | Flat | ||
| £1,895 | 10/25 | 0.09 mi | Regency Court, 8-111 High Road, South Woodford, E18 | 2 | Flat | ||
| £2,200 | 08/25 | 0.09 mi | High Road, London, E18 | 2 | Flat | ||
| £1,900 | 10/25 | 0.09 mi | Regency court, South Woodford, E18 | 2 | Flat | ||
| £2,200 | 10/25 | 0.09 mi | Regency Court, London, E18 | 2 | Flat | ||
| £2,200 | 10/25 | 0.09 mi | Regency Court, London, E18 | 2 | Flat | ||
| £2,200 | 10/25 | 0.09 mi | - | 2 | Flat | ||
| £1,850 | 05/24 | 0.09 mi | Regency Court, 8-111 High Road, South Woodford, London, E18 | 2 | Flat | ||
| £1,750 | 03/24 | 0.09 mi | Regency Court, 8-111 High Road, South Woodford, E18 | 2 | Flat | ||
| £1,850 | 04/24 | 0.1 mi | Regency Court, 8-111 High Road, South Woodford, E18 | 2 | Flat | ||
| £1,900 | 06/25 | 0.1 mi | Regency Court, 8-111 High Road, South Woodford, E18 | 2 | Flat | ||
| £1,850 | 03/24 | 0.1 mi | Regency Court, 8-111 High Road, South Woodford, E18 | 2 | Flat | ||
| £1,895 | 07/25 | 0.1 mi | Regency Court, 8-111 High Road, South Woodford, E18 | 2 | Flat | ||
| £1,895 | 09/25 | 0.1 mi | Regency Court, 8-111 High Road, South Woodford, E18 | 2 | Flat | ||
| £2,300 | 12/24 | 0.11 mi | - | 2 | Flat | ||
| £1,875 | 07/25 | 0.11 mi | Horizon Building, 204 George Lane, London, E18 | 2 | Flat | ||
| £1,950 | 06/25 | 0.11 mi | Regency Court, South Woodford | 2 | Flat | ||
| £1,950 | 08/25 | 0.11 mi | Regency Court, South Woodford | 2 | Flat | ||
| £1,900 | 03/24 | 0.11 mi | Regency Court, High Road, South Woodford, London, E18 | 2 | Flat | ||
| £1,750 | 03/24 | 0.11 mi | South Woodford, E18 | 2 | Flat | ||
| £2,050 | 09/25 | 0.11 mi | The Drive, London, E18 | 2 | Flat | ||
| £1,800 | 02/24 | 0.12 mi | - | 2 | Flat | ||
| £1,625 | 05/24 | 0.12 mi | - | 2 | Flat | ||
| £1,625 | 03/24 | 0.12 mi | High Rd, London, E18 | 2 | Flat | ||
| £1,950 | 11/25 | 0.13 mi | Malford Court, The Drive, South Woodford, London, E18 | 2 | Flat | ||
| £1,895 | 10/25 | 0.13 mi | High Road, London, E18 | 2 | Flat | ||
| £1,950 | 10/25 | 0.14 mi | - | 2 | Flat | ||
| £1,950 | 08/25 | 0.14 mi | Malford Court, London, E18 | 2 | Flat | ||
| £2,000 | 05/24 | 0.18 mi | The Drive, South Woodford, E18 | 2 | Flat | ||
| £1,750 | 10/25 | 0.19 mi | Redbridge, London, E18 | 2 | Flat | ||
| £1,650 | 04/24 | 0.19 mi | Buckingham Road, London, E18 | 2 | Flat | ||
| £1,700 | 07/25 | 0.19 mi | Buckingham Road, South Woodford | 2 | Flat | ||
| £1,700 | 09/25 | 0.2 mi | Woburn Court, South Woodford, E18 | 2 | Flat | ||
| £1,800 | 11/25 | 0.2 mi | Woburn Court, South Woodford, E18 | 2 | Flat | ||
| £1,850 | 03/24 | 0.2 mi | Grove Road, South Woodford, E18 | 2 | Flat | ||
| £1,595 | 05/24 | 0.21 mi | Woburn Court, Bedford Road, South Woodford, E18 | 2 | Flat | ||
| £1,825 | 09/25 | 0.21 mi | - | 2 | Flat |
Local Area Statistics
Population in E18 | 19,02219,022 |
Population in London | 4,771,9214,771,921 |
Town centre distance | 7.10 miles away7.10 miles away |
Nearest school | 0.20 miles away0.20 miles away |
Nearest train station | 0.29 miles away0.29 miles away |
| |
Rental demand | Landlord's marketLandlord's market |
Rental growth (12m) | +21%+21% |
Sales demand | Balanced marketBalanced market |
Capital growth (5yrs) | +10%+10% |
Property History
Listed for £375,000
September 19, 2024
Description
- EXCELLENT LOCATION +
- 2 BEDROOM SPLIT LEVEL APARTMENT +
- LOUNGE/DINER +
- LARGE SHOWER ROOM/W.C. +
- DOUBLE GLAZING - GAS CENTRAL HEATING - ENTRY PHONE +
- NO ONWARD CHAIN +
Great opportunity to acquire this quiet ground floor 2 bedroom split level apartment overlooking the rear communal garden is situated in an excellent location within minutes walking distance of George Lane shops, bars, restaurants and South Woodford Central line tube station. The flat's key features include, double glazing, gas central heating, fitted kitchen and communal off road parking. This apartment also benefits from A SHARE IN THE FREEHOLD, a 999 year lease, NO GROUND RENT and services charges at present is £100 pcm. We highly recommend a viewing of this property and confirm that it is offered with NO ONWARD CHAIN! Telephone to arrange a viewing appointment.
Communal Security Entrance -
Reception Hallway - Two storage cupboards, fitted carpet, wall mounted security handset, stairs to first floor.
Kitchen - 3.403 x 2.134 (11'1" x 7'0") - Fitted kitchen comprising range of base and eye level units, work surface area incorporating stainless steel single drainer sink unit with mixer tap, gas cooker with extractor hood above, fridge/freezer, Miele washing machine and dishwasher. Cupboard housing gas central heating boiler. Double glazed window.
Lounge/Diner - 5.315 x 3.286 (17'5" x 10'9") - Double glazed window with blind, double radiator and fitted carpet.
Bedroom One - 4.379 x 3.345 (14'4" x 10'11") - Double glazed window, fitted carpet, freestanding wardrobe plus two additional large built-in cupboards and radiator.
Bedroom Two - 3.453 x 2.215 (11'3" x 7'3") - Double glazed window with blind, fitted carpet and radiator.
Shower Room/W.C. - 2.689 x 1.679 (8'9" x 5'6") - Double shower cubicle, w.c., vanity wash hand basin with cupboards below, extractor fan and tiled walls.
Communal Grounds and parking
Disclaimer - Whilst every care has been taken to ensure the accuracy of these particulars, such accuracy cannot be guaranteed, and therefore does not constitute any part of an offer or contract. The agent has not tested any apparatus, equipment, fixtures , fittings or services and so does not verify they are in working order, fit for purpose, or within ownership of the sellers, therefore the buyer cannot assume any information is correct. Photographs of the interior of the property are given purely to give an indication of décor, style etc., and does not imply that any furniture/fittings etc., are included.
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