2 Bed Flat, Single Let, London, E4 8LU, £220,000

Chingford Mount Road, Chingford, London, E4 8LU - 2 views - 6 months ago

Under Offer

Leasehold

BTL

ROI: 9%

~58 m²

+2 photos

ValuationUndervalued

Sold Prices	£170K - £524.5K
Sold Prices/m²	£3.4K/m² - £11.3K/m²

Square Metres	~57.90 m²
Price/m²	£3.8K/m²
Value Estimate	£268,400£268,400
BMV	22%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£55,000£55,000
Stamp Duty & Legal Fees	£7,800£7,800
Total Cash In	£62,800£62,800

Cash Out
Rent Range	£1,500 - £2,550£1,500 - £2,550
Rent Estimate	£1,500
Running Costs/mo	£1,008£1,008
Cashflow/mo	£493£493
Cashflow/yr	£5,910£5,910
ROI	9%9%
Gross Yield	8%8%

Local Sold Prices

47 sold prices from £170K to £524.5K, average is £325K. £3.4K/m² to £11.3K/m², average is £6K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£311K	03/21	0.04 mi	12, Chingford Mount Road, London, Greater London E4 9AB	£6,018	52	2	Flat
£255K	02/21	0.11 mi	32, Lockwood Place, London, Greater London E4 9AD	£4,811	53	2	Flat
£325K	07/23	0.14 mi	59, Frances Road, London, Greater London E4 9DL	£6,192	52	2	Flat
£300K	01/21	0.16 mi	55, Sinclair Road, London, Greater London E4 8PH	£5,263	57	2	Flat
£308K	08/21	0.19 mi	52b, Sinclair Road, London, Greater London E4 8PW	£6,417	48	2	Flat
£260K	04/21	0.29 mi	30, Kingsley Gardens, London, Greater London E4 8JS	£4,906	53	2	Flat
£280K	09/21	0.29 mi	26, Kingsley Gardens, London, Greater London E4 8JS	£5,385	52	2	Flat
£287K	07/23	0.34 mi	Flat 12, Morley Court, Sinclair Road, London, Greater London E4 8QR	-	-	2	Flat
£303K	12/20	0.36 mi	27, Beaufort Close, London, Greater London E4 9XF	£6,447	47	2	Flat
£303K	12/20	0.36 mi	27, Beaufort Close, London, Greater London E4 9XF	£6,447	47	2	Flat
£320K	09/21	0.39 mi	126, Hampton Road, London, Greater London E4 8NR	£5,246	61	2	Flat
£303.5K	06/21	0.5 mi	3, Hall Gardens, London, Greater London E4 8HR	£6,194	49	2	Flat
£310K	12/20	0.5 mi	9, Hall Gardens, London, Greater London E4 8HR	£5,536	56	2	Flat
£330K	06/23	0.5 mi	1, Hall Gardens, London, Greater London E4 8HR	£4,818	69	2	Flat
£405K	12/22	0.54 mi	152a, Selwyn Avenue, London, Greater London E4 9LS	£11,250	36	2	Flat
£235K	10/20	0.57 mi	25, Cherrydown Avenue, London, Greater London E4 8DP	£3,615	65	2	Flat
£268K	06/21	0.62 mi	52a, Old Church Road, London, Greater London E4 8DB	£3,436	78	2	Flat
£253K	03/21	0.68 mi	29, Mandeville Court, Chingford, London, Greater London E4 8JB	£4,081	62	2	Flat
£260K	03/23	0.68 mi	36, Mandeville Court, Chingford, London, Greater London E4 8JB	£5,778	45	2	Flat
£253K	03/21	0.68 mi	29, Mandeville Court, Chingford, London, Greater London E4 8JB	£4,081	62	2	Flat
£325K	04/21	0.69 mi	First Floor Flat, 33, Cavendish Road, London, Greater London E4 9NQ	-	-	2	Flat
£310K	01/23	0.69 mi	108b, New Road, London, Greater London E4 9SY	£6,327	49	2	Flat
£263K	09/21	0.7 mi	128, Mandeville Court, London, Greater London E4 8JD	-	-	2	Flat
£400K	09/20	0.76 mi	31, Suffield Road, London, Greater London E4 9TA	£6,250	64	2	Flat
£317K	04/21	0.76 mi	26, Suffield Road, London, Greater London E4 9TA	£5,870	54	2	Flat
£434K	12/20	0.82 mi	321, Brettenham Road, London, Greater London E17 5AT	£6,576	66	2	Flat
£325K	04/21	0.84 mi	221, Brettenham Road, London, Greater London E17 5AX	£7,065	46	2	Flat
£420K	12/20	0.85 mi	278, Brettenham Road, London, Greater London E17 5AU	£6,462	65	2	Flat
£472K	06/23	0.85 mi	312, Brettenham Road, London, Greater London E17 5AU	£6,556	72	2	Flat
£415K	12/22	0.86 mi	1, Richmond Avenue, Highams Park, London, Greater London E4 9RR	£5,929	70	2	Flat
£435K	08/21	0.86 mi	266, Brettenham Road, London, Greater London E17 5AY	-	-	2	Flat
£524.5K	02/23	0.86 mi	250, Brettenham Road, London, Greater London E17 5AY	£7,601	69	2	Flat
£349.5K	04/23	0.88 mi	51e, Handsworth Avenue, London, Greater London E4 9PF	£4,854	72	2	Flat
£447.5K	01/21	0.89 mi	119, Brettenham Road, London, Greater London E17 5AZ	£6,780	66	2	Flat
£341K	01/21	0.91 mi	8, Castle Avenue, London, Greater London E4 9QD	£5,167	66	2	Flat
£478K	06/21	0.92 mi	36, Brettenham Road, London, Greater London E17 5BA	£7,354	65	2	Flat
£365K	06/21	0.94 mi	Flat 10, Briarview Court, Handsworth Avenue, London, Greater London E4 9PQ	-	-	2	Flat
£325K	10/20	0.94 mi	Flat 1, Briarview Court, Handsworth Avenue, London, Greater London E4 9PQ	-	-	2	Flat
£170K	02/23	0.94 mi	32b, Brindwood Road, London, Greater London E4 8BD	-	-	2	Flat
£330K	09/21	0.94 mi	397a, Hale End Road, Woodford Green, Greater London IG8 9LL	-	-	2	Flat
£344.5K	03/23	0.97 mi	13, Sky Peals Road, Woodford Green, Greater London IG8 9NE	-	-	2	Flat
£325K	03/21	0.97 mi	174, Hale End Road, Woodford Green, Greater London IG8 9LZ	-	-	2	Flat
£328.1K	02/23	0.98 mi	Flat 4, Larkswood Court, The Avenue, London, Greater London E4 9SF	-	-	2	Flat
£365K	01/23	0.98 mi	Flat 11, Larkswood Court, The Avenue, London, Greater London E4 9SF	-	-	2	Flat
£485K	11/21	0.99 mi	222, Fleeming Road, London, Greater London E17 5EU	£6,831	71	2	Flat
£280K	01/21	1 mi	Flat 12, Phoenix Court, Chingford Avenue, Chingford, London, Greater London E4 6RH	-	-	2	Flat
£285K	05/21	1 mi	Flat 2, Phoenix Court, Chingford Avenue, Chingford, London, Greater London E4 6RH	-	-	2	Flat

Local Rents

46 rents from £1.5K/mo to £2.5K/mo, average is £1.7K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,550	03/24	0.01 mi	Chingford Mount Road, Chingford, E4	2	Flat
£1,800	03/24	0.1 mi	Westward Road, London	2	Flat
£1,700	03/25	0.11 mi	-	2	Flat
£2,000	05/24	0.11 mi	Lockwood Place, Chingford, London, E4	2	Flat
£1,800	03/24	0.11 mi	Lockwood Place, Chingford, E4	2	Flat
£1,800	03/25	0.13 mi	-	2	Flat
£1,800	04/24	0.13 mi	-	2	Flat
£1,800	03/24	0.13 mi	-	2	Flat
£1,800	04/24	0.13 mi	-	2	Flat
£1,800	04/24	0.13 mi	-	2	Flat
£1,800	01/25	0.13 mi	-	2	Terraced House
£1,800	03/25	0.13 mi	-	2	Flat
£1,800	03/25	0.13 mi	-	2	Flat
£1,700	04/24	0.18 mi	Edward Avenue, Chingford E4	2	Flat
£1,925	03/24	0.19 mi	-	2	Flat
£1,500	03/24	0.24 mi	Chingford Mount Road Chingford, E4	2	Flat
£1,500	03/24	0.24 mi	Chingford Mount Road, Chingford, E4	2	Flat
£1,545	03/24	0.32 mi	Marlborough Road, Chingford, E4	2	Flat
£1,550	04/24	0.36 mi	Beaufort Close, London, E4	2	Flat
£1,500	05/24	0.36 mi	Beaufort Close, Chingford, E4	2	Flat
£1,650	03/24	0.39 mi	-	2	Flat
£1,600	04/24	0.39 mi	-	2	Flat
£1,550	04/24	0.39 mi	-	2	Flat
£1,650	02/25	0.39 mi	-	2	Flat
£1,600	02/25	0.39 mi	-	2	Flat
£1,550	03/24	0.39 mi	Poplar Court, London, E4	2	Flat
£1,550	03/25	0.4 mi	-	2	Flat
£1,600	04/24	0.41 mi	-	2	Flat
£1,600	03/24	0.41 mi	Hawthorn Court, London, E4	2	Flat
£2,450	01/25	0.44 mi	-	2	Flat
£1,800	01/25	0.47 mi	-	2	Flat
£1,898	03/24	0.47 mi	246 Chingford Mount Road, London, E4 8JL	2	Detached House
£1,600	05/24	0.47 mi	Sinclair Road, London, E4	2	Flat
£1,800	03/24	0.5 mi	Hall Gardens, London, E4	2	Flat
£1,600	03/24	0.52 mi	Westward Road, London	2	Flat
£1,750	12/24	0.52 mi	-	2	Flat
£1,700	03/24	0.55 mi	Albany Court, CHINGFORD, E4	2	Flat
£2,550	01/25	0.56 mi	-	2	Semi-Detached House
£1,550	03/24	0.57 mi	Cherrydown Avenue, London, E4	2	Flat
£1,600	05/24	0.58 mi	-	2	Flat
£1,600	05/24	0.59 mi	Inks Green, Chingford, London, E4	2	Flat
£1,700	02/25	0.59 mi	-	2	Flat
£1,900	05/24	0.59 mi	Highams Park	2	Flat
£1,750	05/24	0.59 mi	Jacks Farm Way, Highams Park	2	Flat
£1,500	03/24	0.61 mi	Wadham Avenue, Walthamstow, London, E17	2	Flat
£1,795	12/24	0.62 mi	-	2	Flat

Local Area Statistics

Population in E4	60,22560,225
Population in London	4,771,9214,771,921
Town centre distance	6.77 miles away6.77 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.78 miles away0.78 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+13%+13%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+26%+26%

Property History

Listed for £220,000

September 25, 2024

Floor Plans

Description

Gorgeous 2 bed +
Set on the 2nd floor +
Exceptionally bright throughout +
Stylish kitchen +
2 double bedrooms +
Contemporary bathroom +
Great Location with easy city access +

Set on the 2nd floor, this exceptionally bright 2 bedroom apartment boasts a generous reception room, 2 double bedrooms, a stylish kitchen and modern bathroom, moments from amenities.

The property is set in a fantastic location, close to the shops and amenities of Chingford, as well as further benefitting from local bus routes to Walthamstow Central for easy access to the London Underground and the City.

Please use the reference CHPK4401969 when contacting Foxtons.

Agent Details

Foxtons, Walthamstow

020 3840 3669

Next Steps?

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

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