2 Bed Flat, Cash/Bridging Only, London, E14 4EG, £599,000

Hertsmere Road, London, E14 4EG - 5 views - 7 months ago

Leasehold
Cash
ROI: 4%
~68 m²
+4 photos

ValuationOvervalued

Sold Prices£193K - £665K
Sold Prices/m²£4.1K/m² - £8.9K/m²

 

 

Square Metres

~68.11 m²
Price/m²£8.8K/m²

Value Estimate

£445,002

 

 

End Value (After Refurb)

£570,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£149,750

Stamp Duty & Legal Fees

£36,620

Refurb Costs

£36,043

Bridging Loan Interest

£15,724

Total Cash In

£239,887

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£570,000

Mortgage (After Refinance)

£427,500

Mortgage LTV

75%

Cash Left In

£239,887

Equity

£142,500

Rent Range

£1,950 - £7,500

Rent Estimate

£3,370

Running Costs/mo

£2,475

Cashflow/mo

£895

Cashflow/yr

£10,737

ROI

4%

Gross Yield

7%

Local Sold Prices

34 sold prices from £193K to £665K, average is £421.3K. £4.1K/m² to £8.9K/m², average is £6.5K/m².

PriceDateDistanceAddressBeds 
£365K11/210.32 mi1, Landon Walk, London, Greater London E14 0BH2
£325K12/200.34 miFlat 34, Storey House, Cottage Street, London, Greater London E14 0HE2
£306K02/230.36 miFlat 20, Russell House, Saracen Street, London, Greater London E14 6HJ2
£415K04/230.37 mi32, Rich Street, London, Greater London E14 8AL2
£295K06/230.45 mi80, Kerbey Street, London, Greater London E14 6AW2
£310K07/210.48 miFlat 12, Anglesey House, Lindfield Street, London, Greater London E14 6HS2
£376K06/230.52 miFlat 3, Charlesworth House, Dod Street, London, Greater London E14 7EE2
£532K11/210.56 miFlat 22, Mermaid Court, Rotherhithe Street, London, Greater London SE16 5UB2
£475K06/210.57 mi2, Meridian Place, London, Greater London E14 9FE2
£500K06/210.57 mi22, Meridian Place, London, Greater London E14 9FE2
£620K02/230.57 mi37, Meridian Place, London, Greater London E14 9FE2
£395K09/210.6 mi99, Acorn Walk, London, Greater London SE16 5DX2
£542K02/230.62 miFlat 44, Turner House, Cassilis Road, London, Greater London E14 9LJ2
£375K08/210.62 mi44, Acorn Walk, London, Greater London SE16 5DU2
£545K01/210.64 miFlat 66, Constable House, Cassilis Road, London, Greater London E14 9LH2
£500K02/230.64 miFlat 34, Turner House, Cassilis Road, London, Greater London E14 9LJ2
£465K12/200.66 mi2, Admiral Place, London, Greater London SE16 5NY2
£505K12/200.69 mi23, Edward Square, London, Greater London SE16 5EE2
£375K08/210.71 mi14, Locksons Close, London, Greater London E14 6BH2
£380K09/210.72 miFlat 19, Bryan House, Rotherhithe Street, London, Greater London SE16 5HB2
£575K01/210.72 mi10, William Square, London, Greater London SE16 5XJ2
£365K01/210.74 mi51, Dora Street, London, Greater London E14 7TP2
£475K12/200.77 mi4, Sophia Square, London, Greater London SE16 5XL2
£400K05/230.81 mi223, Rotherhithe Street, London, Greater London SE16 5XW2
£265.5K10/210.85 miFlat 24, Bracken House, Devons Road, London, Greater London E3 3RG2
£422.5K06/210.89 miFlat 5, Coombrook Court, Elgar Street, London, Greater London SE16 7QG2
£487.5K12/200.9 mi18, Frederick Square, London, Greater London SE16 5XR2
£505K06/210.91 mi8, St Georges Square, London, Greater London E14 8DL2
£665K11/200.95 mi39, Queen Of Denmark Court, London, Greater London SE16 7TB2
£193K03/230.95 miFlat 28, Kelson House, Stewart Street, London, Greater London E14 3JQ2
£409K06/210.98 mi81, Wheat Sheaf Close, London, Greater London E14 9UY2
£605K03/230.99 mi44, Princes Court, London, Greater London SE16 7TD2
£542.5K06/230.99 mi8, Princes Court, London, Greater London SE16 7TD2
£420K11/210.99 mi11, Midship Close, London, Greater London SE16 6BT2

Local Rents

50 rents from £1.9K/mo to £7.5K/mo, average is £3.6K/mo.

RentDateDistanceAddressBeds 
£3,75003/250 mi-2
£5,99902/250.01 mi-2
£4,00003/240.01 miOne West India Quay, E142
£4,11704/240.01 miHertsmere Road, E142
£4,11704/240.01 miNo1. West India Quay, Canary Wharf E142
£3,50004/240.01 miHertsmere Road, London, E142
£7,50003/240.01 miHertsmere Road, London, E142
£3,20005/240.01 miHertsmere Road, West India Quay, E142
£3,29803/240.02 miHertsmere Road, Canary Wharf2
£3,29803/240.02 miHertsmere Road, Canary Wharf2
£3,29803/240.02 miHertsmere Road, Canary Wharf2
£3,29804/240.02 miHertsmere Road, Canary Wharf2
£4,00003/250.02 mi-2
£4,11704/240.02 miNo. 1 West India Quay, Hertsmere Road, London, E142
£3,40003/240.02 miNo1 West India Quay, 26 Hertsmere Road, London, E142
£3,67904/240.02 miHertsmere Road, London, E142
£3,67904/240.02 miHertsmere Road, London, E142
£3,68304/240.02 mi-2
£4,11705/240.02 miNo 1. West India Quay, Canary Wharf, London, E14 4EG2
£3,50003/240.02 miHertsmere Road, Canary Wharf, E142
£3,75004/240.02 miNo. 1 West India Quay, 26 Hertsmere Road, London, E142
£4,11704/240.02 miWest India Quay, Hertsmere Road, Canary Wharf, London, E142
£3,25004/240.02 miWest India Quay, 26 Hertsmere Road, E142
£4,11605/240.02 miNo1 West India Quay, 26 Hertsmere Road, London, E142
£3,81303/240.02 miWest India Quay, Canary Wharf, London, E142
£3,68304/240.02 miOne West India Quay, Hertsmere Road, London2
£3,70012/240.03 miWest India Quay, 26 Hertsmere Road, Canary Wharf, London, E142
£3,30003/240.03 miHertsmere Road, Canary Wharf, London, E142
£4,00003/240.03 miWest India Quay, Canary Wharf, London, E142
£3,20003/240.04 mi1 West India Quay, 26 Hertsmere Road, Canary Wharf, London, E142
£2,75003/240.05 miHorizon Building, Canary Wharf, London, E142
£2,74703/240.05 miHorizon Building, Hertsmere Road, Canary Wharf E142
£2,40012/240.05 miHorizon Building, 15 Hertsmere Road, London, E142
£2,38312/240.06 mi-2
£2,38312/240.06 mi-2
£2,16701/250.06 mi-2
£2,75003/240.06 miHorizon Building, 15 Hertsmere Road, E142
£2,79903/250.06 mi-2
£2,44803/240.08 miPort East Apartments, Hertsmere Road, London, E142
£3,70003/240.08 miPort East Apartments, London, 12 Hertsmere Road, E142
£2,80012/240.08 miBlock C, London, E142
£2,80012/240.08 mi-2
£3,65004/240.08 miHertsmere Road, Canary Wharf, E142
£3,65004/240.09 miPort East Apartments, E14, Docklands, London, E142
£3,64904/240.12 miHertsmere Road, Canary Wharf2
£3,64904/240.12 miHertsmere Road, Canary Wharf2
£1,95003/240.12 miStoneyard Lane, Poplar E14 0BY2
£4,11604/240.14 miWest India Quay, Canary Wharf, E142
£2,00004/240.14 miStoneyard Lane, Poplar, London,E142
£2,20004/240.14 miStoneyard Lane, Poplar, London,E142

Local Area Statistics

Population in E14

79,760

Population in London

4,771,921

Town centre distance

3.93 miles away

Nearest school

0.20 miles away

Nearest train station

0.02 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-4%

Sales demand

Buyer's market

Capital growth (5yrs)

-3%

Property History

Listed for £599,000

September 24, 2024

Floor Plans

Description

  • High Specification +
  • In the Heart of Canary Wharf +
  • 30th Floor with City Views +
  • 24 Hour Concierge +
  • Secure Parking +
  • Air-Conditioning +

CASH BUYERS ONLY

Experience luxury living at its finest in this stunning 2 bedroom, 2 bathroom apartment located in the heart of Canary Wharf, at 26 Hertsmere Road, Greater London. Situated on the highly sought-after 30th floor, this exceptional property offers breathtaking city views that stretch as far as the eye can see.

As you step inside, you'll be immediately struck by the high specification finishes and attention to detail throughout. The spacious reception room provides the perfect setting to relax and entertain, with ample natural light flooding the space. The modern kitchen is equipped with top-of-the-line appliances and sleek, stylish cabinetry, making it a joy for any homeowner to prepare meals.

The two generously sized bedrooms offer a tranquil retreat away from the bustling city. The master bedroom boasts an en-suite bathroom, complete with a luxurious bathtub and high-end fixtures. The second bedroom is equally inviting, with access to a sleek, well-appointed bathroom.

One of the standout features of this property is its breathtaking views. Situated on the 30th floor, you'll be able to enjoy panoramic views of the cityscape, providing a dramatic backdrop to your daily life. Imagine waking up to the mesmerizing city lights and watching the sunset over the London skyline.

In addition to its stunning interiors and views, this apartment offers a range of amenities that cater to your every need. The 24-hour concierge service ensures your security and convenience at all times, while the secure parking provides peace of mind for those with vehicles. Stay comfortable year-round with the air-conditioning system, offering a cool oasis during the summer months.

Location-wise, this property leaves nothing to be desired. Nestled in the heart of Canary Wharf, you'll have world-class restaurants, shopping centers, and entertainment options right at your doorstep. The vibrant area caters to all lifestyles, whether you're a young professional seeking convenience or a family looking for a thriving community to call home.

Overall, this 2-bedroom, 2-bathroom apartment offers an extraordinary opportunity to own a piece of luxury living in Canary Wharf. From the high specification finishes to the captivating views, every aspect of this property has been carefully designed for the discerning homeowner. Don't miss out on this chance to experience the pinnacle of comfort and elegance - schedule your viewing today!

Agent Details

Victorstone Property Consultants, City Road

020 3907 3330

Next Steps?

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