2 Bed Flat, Single Let, London, E18 2JQ £375,000

Grove Hill, London, E18 2JQ - 1 views - a year ago
Sold STC
BTL
ROI: 1%
~68 m²
Property image

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
BMV8%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£93,750

Stamp Duty & Legal Fees

£28,700

Total Cash In

£122,450

 

 

Cash Out

 

Rent Range

£1,500 - £2,450

Rent Estimate

£1,650

Running Costs/mo

£1,522

Cashflow/mo

£128

Cashflow/yr

£1,538

ROI

1%

Gross Yield

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
Beds
 
£318K12/240.02 miDale Court, Flat 21, Grove Hill, South Woodford, London E18 2JD2
£465K02/250.06 mi43, Grove Hill, South Woodford, London E18 2JB2
£410K03/250.09 mi27, 89 111 Regency Court, High Road, South Woodford, London E18 2JT2
£410K03/250.09 mi27, 89 111 Regency Court, High Road, South Woodford, London E18 2JT2
£354K06/210.11 miFlat 79, Malford Court, The Drive, London, Greater London E18 2HT2
£400K12/210.11 miFlat 78, Malford Court, The Drive, London, Greater London E18 2HT2
£365K10/220.12 miFlat 39, Malford Court, The Drive, London, Greater London E18 2HS2
£410K01/230.12 miFlat 84, Malford Court, The Drive, London, Greater London E18 2HT2
£415K02/230.16 miFlat 3, Millbrook, Woodford Road, London, Greater London E18 2EB2
£327.5K12/240.2 miDorchester Court, Flat 15, Buckingham Road, South Woodford, London E18 2NG2
£390K12/240.21 miHillboro Court, 2, Buckingham Road, South Woodford, London E18 2NQ2
£420K06/210.22 miFlat 5, Hanover House, Eastwood Road, London, Greater London E18 1BN2
£415K06/210.23 mi24, Alveston Square, London, Greater London E18 1AQ2
£390K03/250.23 mi37, Alveston Square, South Woodford, London E18 1AQ2
£348K03/250.25 miFlat 2, 64, Marlborough Road, South Woodford, London E18 1AP2
£348K03/250.25 miFlat 2, 64, Marlborough Road, South Woodford, London E18 1AP2
£560K02/250.27 mi20a, Malmesbury Road, South Woodford, London E18 2NN2
£340K12/240.28 miImperial Heights, 28, Queen Mary Avenue, South Woodford, London E18 2FJ2
£410K11/220.28 mi78a, Marlborough Road, London, Greater London E18 1AP2
£402.5K08/250.29 miFlat 8, Ferndown, Woodford Road, South Woodford, London E18 2ED2
£350K12/240.31 miMarquess Heights, 9, Queen Mary Avenue, South Woodford, London E18 2FS2
£675K05/250.31 miFlat 1, Embassy Court, Woodford Road, South Woodford, London E18 2EE2
£675K05/250.31 miFlat 1, Embassy Court, Woodford Road, South Woodford, London E18 2EE2
£365K03/250.34 miFlat 21, 7 Woodleigh, Churchfields, South Woodford, London E18 2RF2
£465K12/240.34 mi33 Walbrook, Flat 10, Woodford Road, South Woodford, London E18 2EG2
£450K08/210.36 mi60a, Mulberry Way, London, Greater London E18 1ED2
£375K01/250.37 miLaurel Mead Court, Flat 7, Churchfields, South Woodford, London E18 2RB2
£365K02/250.37 miFlat 11, 35 Laurel Mead Court, Churchfields, South Woodford, London E18 2RB2
£405K03/250.37 miFlat 5, Helmsley, Cleveland Road, South Woodford, London E18 2AY2
£437.5K09/210.38 mi50, George Lane, London, Greater London E18 1LW2
£386K11/220.38 miFlat 23, Helmsley, Cleveland Road, London, Greater London E18 2AY2
£375K03/230.38 miFlat 5, Helmsley, Cleveland Road, London, Greater London E18 2AY2
£450K09/240.41 mi24a, Tavistock Road, South Woodford, London E18 2AP2
£365K12/240.43 mi20, Flat First Floor, St Albans Crescent, Woodford Green IG8 9EH2
£352K09/210.46 mi33, Avondale Court, London, Greater London E18 2RD2
£327.4K05/210.46 mi15, Avondale Court, London, Greater London E18 2RD2
£355K12/240.47 mi31, Avondale Court, South Woodford, London E18 2RD2
£460K03/250.47 mi1, 6 8 Acorn Court, Oakdale Road, South Woodford, London E18 1JX2
£357K01/250.48 mi3 Albert House, Flat 10, Victoria Road, South Woodford, London E18 1LJ2
£289K06/210.48 mi9, Roycroft Close, London, Greater London E18 1DZ2
£300K03/230.49 miFlat 8, Swift House, Chigwell Road, London, Greater London E18 1TP2
£335.5K07/230.5 miFlat 3, Deborah Court, Victoria Road, London, Greater London E18 1LF2
£342.5K03/230.52 mi47, Osprey Close, London, Greater London E11 1SZ2
£310K08/250.55 miFlat 31, Highland Court, Gordon Road, South Woodford, London E18 1RE2
£385.1K01/250.55 mi11, Osprey Close, Wanstead, London E11 1SY2
£502K03/250.55 miFlat Ground Floor, 106, Hermon Hill, London E18 1QB2
£395K03/250.56 mi24, Clementine Walk, Woodford Green IG8 9GT2
£395K03/250.56 mi24, Clementine Walk, Woodford Green IG8 9GT2
£360K03/250.56 mi17, Crescent Road, South Woodford, London E18 1JA2
£360K03/250.56 mi17, Crescent Road, South Woodford, London E18 1JA2

Local Rents

50 rents from £1.5K/mo to £2.5K/mo, average is £1.9K/mo.

Rent
Date
Distance
Address
Beds
 
£1,80006/250 miThe Chiltons, Grove Hill, South Woodford2
£2,00011/250.01 miThe Chiltons, South Woodford, E182
£1,65007/250.03 mi-2
£1,65005/240.03 miGrove Hill, London, E182
£1,65006/240.03 mi-2
£1,70003/240.04 miDale Court, London, E182
£1,70003/240.04 mi-2
£1,80010/250.04 miHigh Road, South Woodford2
£2,30010/250.06 miRegency Court, London, E182
£2,30010/250.06 mi-2
£1,80003/240.06 mi-2
£1,50004/240.06 miHigh Road, London, E182
£2,45009/250.08 miGrove Hill, South Woodford, London2
£1,90011/250.08 miRegency Court, 8-111 High Road, South Woodford, E182
£1,89510/250.09 miRegency Court, 8-111 High Road, South Woodford, E182
£2,20008/250.09 miHigh Road, London, E182
£1,90010/250.09 miRegency court, South Woodford, E182
£2,20010/250.09 miRegency Court, London, E182
£2,20010/250.09 miRegency Court, London, E182
£2,20010/250.09 mi-2
£1,85005/240.09 miRegency Court, 8-111 High Road, South Woodford, London, E182
£1,75003/240.09 miRegency Court, 8-111 High Road, South Woodford, E182
£1,85004/240.1 miRegency Court, 8-111 High Road, South Woodford, E182
£1,90006/250.1 miRegency Court, 8-111 High Road, South Woodford, E182
£1,85003/240.1 miRegency Court, 8-111 High Road, South Woodford, E182
£1,89507/250.1 miRegency Court, 8-111 High Road, South Woodford, E182
£1,89509/250.1 miRegency Court, 8-111 High Road, South Woodford, E182
£2,30012/240.11 mi-2
£1,87507/250.11 miHorizon Building, 204 George Lane, London, E182
£1,95006/250.11 miRegency Court, South Woodford2
£1,95008/250.11 miRegency Court, South Woodford2
£1,90003/240.11 miRegency Court, High Road, South Woodford, London, E182
£1,75003/240.11 miSouth Woodford, E182
£2,05009/250.11 miThe Drive, London, E182
£1,80002/240.12 mi-2
£1,62505/240.12 mi-2
£1,62503/240.12 miHigh Rd, London, E182
£1,95011/250.13 miMalford Court, The Drive, South Woodford, London, E182
£1,89510/250.13 miHigh Road, London, E182
£1,95010/250.14 mi-2
£1,95008/250.14 miMalford Court, London, E182
£2,00005/240.18 miThe Drive, South Woodford, E182
£1,75010/250.19 miRedbridge, London, E182
£1,65004/240.19 miBuckingham Road, London, E182
£1,70007/250.19 miBuckingham Road, South Woodford2
£1,70009/250.2 miWoburn Court, South Woodford, E182
£1,80011/250.2 miWoburn Court, South Woodford, E182
£1,85003/240.2 miGrove Road, South Woodford, E182
£1,59505/240.21 miWoburn Court, Bedford Road, South Woodford, E182
£1,82509/250.21 mi-2

Local Area Statistics

Population in E18

19,022

Population in London

4,771,921

Town centre distance

7.10 miles away

Nearest school

0.20 miles away

Nearest train station

0.29 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+21%

Sales demand

Balanced market

Capital growth (5yrs)

+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.

Agent Details

Peter Andrews, South Woodford

020 3835 6437

Next Steps?

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

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