2 Bed Flat, Single Let, Buckhurst Hill, IG9 5RN, £325,000

Fernbank, Church Road, Buckhurst Hill, Essex, IG9 5RN - 7 months ago

Under Offer

Leasehold

BTL

ROI: 2%

~68 m²

+9 photos

ValuationUndervalued

Sold Prices	£265K - £710K
Sold Prices/m²	£3.7K/m² - £8.5K/m²

Square Metres	~68.11 m²
Price/m²	£4.8K/m²
Value Estimate	£344,670£344,670
BMV	6%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£81,250£81,250
Stamp Duty & Legal Fees	£14,700£14,700
Total Cash In	£95,950£95,950

Cash Out
Rent Range	£1,250 - £2,750£1,250 - £2,750
Rent Estimate	£1,450
Running Costs/mo	£1,326£1,326
Cashflow/mo	£124£124
Cashflow/yr	£1,493£1,493
ROI	2%2%
Gross Yield	5%5%

Local Sold Prices

33 sold prices from £265K to £710K, average is £355K. £3.7K/m² to £8.5K/m², average is £5K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£345K	02/23	0.16 mi	Flat 27, Block A, Ardmore Lane, Buckhurst Hill, Essex IG9 5RY	-	-	2	Flat
£380K	01/21	0.21 mi	21, The Cedars, Buckhurst Hill, Essex IG9 5TS	£6,479	59	2	Flat
£365K	02/21	0.21 mi	18, The Cedars, Buckhurst Hill, Essex IG9 5TS	£3,724	98	2	Flat
£370K	12/22	0.22 mi	17, The Cedars, Buckhurst Hill, Essex IG9 5TS	£5,692	65	2	Flat
£265K	10/22	0.25 mi	Flat 29, St James Gate, Palmerston Road, Buckhurst Hill, Essex IG9 5NJ	-	-	2	Flat
£320K	06/21	0.26 mi	Flat 21, Greenhill, High Road, Buckhurst Hill, Essex IG9 5SH	-	-	2	Flat
£320K	02/21	0.26 mi	Flat 42, Forest Heights, Epping New Road, Buckhurst Hill, Essex IG9 5TE	-	-	2	Flat
£408K	09/22	0.26 mi	Flat 43, Forest Heights, Epping New Road, Buckhurst Hill, Essex IG9 5TE	-	-	2	Flat
£415K	12/20	0.26 mi	Flat 22, Greenhill, High Road, Buckhurst Hill, Essex IG9 5SH	-	-	2	Flat
£355K	12/20	0.28 mi	Flat 70, Greenhill, High Road, Buckhurst Hill, Essex IG9 5SQ	-	-	2	Flat
£380K	03/21	0.37 mi	Flat 1, Knighton Green, High Road, Buckhurst Hill, Essex IG9 5HD	-	-	2	Flat
£380K	03/21	0.37 mi	Flat 1, Knighton Green, High Road, Buckhurst Hill, Essex IG9 5HD	-	-	2	Flat
£710K	12/20	0.38 mi	Flat 11, Roebuck Heights, North End, Buckhurst Hill, Essex IG9 5RF	-	-	2	Flat
£495K	11/22	0.39 mi	1, Wimborne Close, Buckhurst Hill, Essex IG9 5DN	£8,534	58	2	Flat
£395K	07/21	0.41 mi	73, Westbury Lane, Buckhurst Hill, Essex IG9 5PH	£4,969	80	2	Flat
£411K	06/21	0.43 mi	12, Russell Road, Buckhurst Hill, Essex IG9 5QJ	£7,339	56	2	Flat
£455K	02/23	0.46 mi	690, High Road, Buckhurst Hill, Greater London IG9 5HN	-	-	2	Flat
£320K	05/21	0.59 mi	Flat 46, Seymour Court, Whitehall Road, London, Greater London E4 6DZ	-	-	2	Flat
£465K	06/21	0.59 mi	Flat 6, George Court, Kings Place, Buckhurst Hill, Essex IG9 5HR	-	-	2	Flat
£356K	03/21	0.74 mi	169a, Whitehall Road, Woodford Green, Greater London IG8 0RH	£5,060	70	2	Flat
£337.5K	01/23	0.84 mi	22, Cedar Close, Buckhurst Hill, Essex IG9 6EJ	£6,136	55	2	Flat
£310K	12/20	0.85 mi	65, Cedar Close, Buckhurst Hill, Essex IG9 6EJ	£4,921	63	2	Flat
£305K	11/20	0.85 mi	30, Cedar Close, Buckhurst Hill, Essex IG9 6EJ	£5,259	58	2	Flat
£310K	12/20	0.85 mi	65, Cedar Close, Buckhurst Hill, Essex IG9 6EJ	£4,921	63	2	Flat
£320K	08/22	0.85 mi	32, Cedar Close, Buckhurst Hill, Essex IG9 6EJ	-	-	2	Flat
£315K	03/23	0.85 mi	66, Cedar Close, Buckhurst Hill, Essex IG9 6EJ	£4,922	64	2	Flat
£390K	06/23	0.85 mi	Flat 2, Cavendish Court, Gordon Road, London, Greater London E4 6DL	-	-	2	Flat
£390K	06/21	0.88 mi	1a, Forest Avenue, London, Greater London E4 6AR	£5,270	74	2	Flat
£340K	05/21	0.93 mi	Apartment 6, Raine Gardens, Mornington Road, Woodford Green, Greater London IG8 0UA	-	-	2	Flat
£350K	03/21	0.94 mi	Apartment 15, Raine Gardens, Mornington Road, Woodford Green, Greater London IG8 0UA	-	-	2	Flat
£295K	07/23	0.98 mi	23, Hornbeam Road, Buckhurst Hill, Essex IG9 6JT	£4,470	66	2	Flat
£290K	11/20	0.98 mi	29a, Hornbeam Road, Buckhurst Hill, Essex IG9 6JT	£4,328	67	2	Flat
£265K	02/21	0.98 mi	23, Hornbeam Road, Buckhurst Hill, Essex IG9 6JT	£4,015	66	2	Flat

Local Rents

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

Rent	Date	Distance	Address	Beds	Type
£1,590	08/24	0.02 mi	-	2	Flat
£2,000	07/24	0.14 mi	Buckhurst Hill, IG9	2	Flat
£1,675	05/24	0.15 mi	Buckhurst Hill	2	Flat
£1,800	07/24	0.17 mi	Buckhurst Hill, IG9	2	Flat
£1,600	05/24	0.23 mi	Stag Lane, Buckhurst Hill	2	Flat
£1,750	04/24	0.24 mi	Stag Lane, Buckhurst Hill	2	Flat
£1,800	08/24	0.24 mi	Stag Heights, Buckhurst Hill, IG9	2	Flat
£1,700	01/24	0.25 mi	Buckhurst Hill, Buckhurst Hill, IG9	2	Flat
£1,875	01/24	0.25 mi	Buckhurst Hill, Buckhurst Hill, IG9	2	Flat
£1,850	08/24	0.25 mi	Forest Heights, Epping New Road, Buckhurst Hill, IG9	2	Flat
£1,850	04/24	0.26 mi	Shore Point, High Road, Buckhurst Hill, IG9	2	Flat
£1,850	07/24	0.26 mi	Greenhill, High Rd	2	Flat
£2,000	04/24	0.26 mi	High Road, Buckhurst Hill	2	Flat
£1,550	03/25	0.26 mi	-	2	Flat
£1,450	08/24	0.26 mi	Buckhurst Hill	2	Flat
£1,850	04/24	0.28 mi	Green Hill, Buckhurst Hill, IG9	2	Flat
£1,850	02/25	0.28 mi	-	2	Flat
£1,650	04/24	0.29 mi	Buckhurst Hill House, Queens Road, Buckhurst Hill, IG9	2	Flat
£1,750	04/24	0.29 mi	Fawn Heights, Stag Lane, Buckhurst Hill IG9	2	Flat
£1,500	04/24	0.32 mi	-	2	Flat
£1,500	04/24	0.32 mi	-	2	Flat
£1,800	03/25	0.32 mi	-	2	Flat
£1,800	03/25	0.32 mi	-	2	Flat
£2,200	08/24	0.32 mi	-	2	Flat
£1,600	06/24	0.34 mi	Buckhurst Hill, IG9	2	Flat
£1,595	07/24	0.35 mi	Queens Road, Buckhurst Hill	2	Flat
£1,250	01/24	0.35 mi	Queens Road, Buckhurst Hill, IG9	2	Flat
£1,600	12/24	0.36 mi	-	2	Flat
£1,475	07/24	0.36 mi	-	2	Flat
£1,475	02/25	0.36 mi	-	2	Flat
£1,495	04/25	0.36 mi	-	2	Flat
£2,200	04/24	0.39 mi	-	2	Terraced House
£1,800	04/24	0.4 mi	-	2	Flat
£2,100	07/24	0.4 mi	Queens Road, Buckhurst Hill, IG9	2	Flat
£2,100	07/24	0.4 mi	Queens Road, Buckhurst Hill, IG9	2	Flat
£2,100	07/24	0.4 mi	Queens Road, Buckhurst Hill, IG9	2	Flat
£1,700	04/24	0.41 mi	Princes Road, Buckhurst Hill, IG9	2	Flat
£2,500	01/24	0.42 mi	Queens Road, Buckhurst Hill	2	Flat
£1,800	01/24	0.44 mi	Buckhurst Hill, Buckhurst Hill, IG9	2	Detached House
£1,600	04/24	0.44 mi	Ibrox Court, IG9	2	Flat
£1,995	08/24	0.44 mi	Princes Road, Buckhurst Hill	2	Flat
£1,550	05/24	0.49 mi	Buckhurst Hill	2	Flat
£1,500	06/24	0.49 mi	Roebuck Lane, Buckhurst Hill, IG9	2	Flat
£1,850	08/24	0.53 mi	83 Queens Road, Buckhurst Hill, IG9	2	Flat
£2,750	04/24	0.53 mi	Eton Heights, Whitehall Road, Woodford Green	2	Flat
£1,800	01/25	0.54 mi	-	2	Flat
£1,595	05/24	0.54 mi	Buckhurst Hill	2	Flat
£1,600	07/24	0.55 mi	Queens Road, Buckhurst Hill	2	Flat
£2,000	08/24	0.57 mi	Palace Gardens, Buckhurst Hill, IG9	2	Terraced House

Local Area Statistics

Population in IG9	12,74412,744
Population in Buckhurst Hill	12,81712,817
Town centre distance	0.52 miles away0.52 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	0.71 miles away0.71 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	-6%-6%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+9%+9%

Property History

Listed for £325,000

September 20, 2024

Floor Plans

Description

Two Bedroom Apartment +
Chain Free +
Long Lease +
Off-Street Parking +
Garage +
Secure Development +

Offered chain free is this wonderfully located newly decorated first floor apartment situated within this sought after gated development in Buckhurst Hill. Features include two well-appointed bedrooms, modern kitchen, family size bathroom,

Fernbank is located in an excellent spot with Queens Road's boutique shops, cafes, Waitrose, the Central Line Station and the highly regarded St Johns Primary School just a short walk away. The development is surrounded by green spaces with Epping Forest and the Duck Pond on the door step. Buckhurst Hill is a desirable location for many reasons including excellent transport links to the City via the underground and for road users, the M25, M11 and routes into London are close by. The area is also well served for leisure pursuits with a good selection of tennis, cricket and golf clubs and there are an outstanding range of state and independent schools.

S/C: £1200.00 pa
G/R: £250.00 pa

Agent Details

Upsdales Property Management, Manor Park

020 8016 3885

Next Steps?

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