2 Bed Flat, Single Let, London, E15 2HP, £380,000

Lett Road, Stratford, London, E15 2HP - 1 views - 7 months ago

Leasehold

BTL

ROI: 3%

~63 m²

+31 photos

ValuationFair Value

Sold Prices	£200K - £435K
Sold Prices/m²	£2.6K/m² - £8.8K/m²

Square Metres	~63.04 m²
Price/m²	£6K/m²
Value Estimate	£380,189£380,189

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£95,000£95,000
Stamp Duty & Legal Fees	£26,700£26,700
Total Cash In	£121,700£121,700

Cash Out
Rent Range	£1,900 - £3,850£1,900 - £3,850
Rent Estimate	£1,900
Running Costs/mo	£1,588£1,588
Cashflow/mo	£313£313
Cashflow/yr	£3,750£3,750
ROI	3%3%
Gross Yield	6%6%

Local Sold Prices

40 sold prices from £200K to £435K, average is £338.3K. £2.6K/m² to £8.8K/m², average is £6K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£365K	06/23	0.27 mi	9, Chopwell Close, London, Greater London E15 4RP	£6,655	55	2	Flat
£390K	06/21	0.32 mi	6, Gerry Raffles Square, London, Greater London E15 1BG	-	-	2	Flat
£380K	06/21	0.32 mi	31, Gerry Raffles Square, London, Greater London E15 1BG	£6,909	55	2	Flat
£415K	01/21	0.33 mi	119, Gerry Raffles Square, London, Greater London E15 1BQ	£5,895	70	2	Flat
£367K	10/21	0.38 mi	1b, Aldworth Road, London, Greater London E15 4DN	£6,673	55	2	Flat
£385K	02/21	0.38 mi	1a, Aldworth Road, London, Greater London E15 4DN	£7,404	52	2	Flat
£341.5K	06/21	0.38 mi	1d, Aldworth Road, London, Greater London E15 4DN	£6,969	49	2	Flat
£400K	12/22	0.38 mi	1, Barnby Street, London, Greater London E15 4PY	£5,405	74	2	Flat
£325K	08/21	0.38 mi	9, Barnby Street, London, Greater London E15 4PY	£4,851	67	2	Flat
£372.5K	06/23	0.39 mi	79, Otter Close, London, Greater London E15 2PT	£4,862	77	2	Flat
£353K	02/21	0.4 mi	100, Otter Close, London, Greater London E15 2PX	£6,193	57	2	Flat
£275K	08/21	0.41 mi	2, Otter Close, London, Greater London E15 2PZ	£4,661	59	2	Flat
£367K	06/21	0.41 mi	8, Otter Close, London, Greater London E15 2PZ	£6,016	61	2	Flat
£370K	04/21	0.41 mi	43, Otter Close, London, Greater London E15 2PZ	£6,736	55	2	Flat
£330K	10/20	0.44 mi	20, Bisson Road, London, Greater London E15 2RD	£5,000	66	2	Flat
£335K	08/21	0.54 mi	1, Waddington Street, London, Greater London E15 1QJ	-	-	2	Flat
£275K	06/21	0.55 mi	Flat 5, Stafford Morris House, Church Street, Stratford, London, Greater London E15 3JY	-	-	2	Flat
£305K	04/23	0.69 mi	100b, Portway, London, Greater London E15 3QJ	£6,100	50	2	Flat
£330K	01/23	0.72 mi	96, Maryland Street, London, Greater London E15 1JD	£6,542	50	2	Flat
£310K	11/20	0.78 mi	47, Durban Road, London, Greater London E15 3BW	£4,471	69	2	Flat
£380K	06/21	0.79 mi	55b, Carnarvon Road, London, Greater London E15 4JW	£8,837	43	2	Flat
£435K	01/21	0.8 mi	128, Chobham Road, London, Greater London E15 1LZ	-	-	2	Flat
£302.5K	11/20	0.81 mi	21, Holland Road, West Ham, London, Greater London E15 3BP	£5,216	58	2	Flat
£285K	05/23	0.82 mi	2d, Chobham Road, London, Greater London E15 1LU	£6,271	45	2	Flat
£323.7K	12/20	0.86 mi	Flat 56, Corbin House, Bromley High Street, London, Greater London E3 3BQ	-	-	2	Flat
£406K	02/21	0.86 mi	4a, Bolton Road, London, Greater London E15 4JY	£6,548	62	2	Flat
£410K	01/23	0.87 mi	61b, Albert Square, London, Greater London E15 1HJ	-	-	2	Flat
£345K	06/21	0.88 mi	24, Park Road, London, Greater London E15 3QP	£5,476	63	2	Flat
£320K	04/23	0.89 mi	34, Brymay Close, London, Greater London E3 2SY	£6,163	52	2	Flat
£346K	06/21	0.91 mi	75, Stratford Road, London, Greater London E13 0JN	£4,873	71	2	Flat
£320K	08/22	0.92 mi	2a, Stork Road, London, Greater London E7 9HR	£8,421	38	2	Flat
£325K	02/23	0.94 mi	28, Knox Road, London, Greater London E7 9HW	£6,771	48	2	Flat
£200K	03/23	0.94 mi	25, Carroll Close, London, Greater London E15 1RS	£2,597	77	2	Flat
£265K	02/23	0.94 mi	28, Carroll Close, London, Greater London E15 1RS	£3,487	76	2	Flat
£375K	03/23	0.94 mi	19, Gawsworth Close, London, Greater London E15 1RT	£4,213	89	2	Flat
£300K	11/20	0.95 mi	Flat 6, Dorrington Point, Bromley High Street, London, Greater London E3 3EL	-	-	2	Flat
£320K	12/22	0.95 mi	3, Globe Road, London, Greater London E15 1RF	-	-	2	Flat
£324K	01/23	0.97 mi	23, Janson Close, London, Greater London E15 1TF	£4,467	73	2	Flat
£393K	06/21	0.97 mi	144, Bow Road, London, Greater London E3 3AH	-	-	2	Flat
£332.5K	05/21	0.98 mi	39, Hatfield Road, London, Greater London E15 1RA	£6,045	55	2	Flat

Local Rents

50 rents from £1.9K/mo to £3.9K/mo, average is £2.5K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,900	04/24	0.01 mi	Edge Apartments, Stratford, E15	2	Flat
£1,900	04/24	0.01 mi	Edge Apartments, Stratford, E15	2	Flat
£2,650	04/25	0.06 mi	-	2	Flat
£2,300	12/24	0.06 mi	-	2	Flat
£2,249	04/24	0.06 mi	Ward Road, Stratford	2	Flat
£2,200	05/24	0.06 mi	Jupp Road, Stratford, London, E15	2	Flat
£2,600	03/24	0.06 mi	Velocity Building, 1 Ward Road, Stratford, London, E15	2	Flat
£2,225	03/24	0.06 mi	Ward Road, London, E15	2	Flat
£2,225	03/24	0.06 mi	Ward Road, London, E15	2	Flat
£2,100	02/24	0.07 mi	-	2	Flat
£2,300	04/25	0.07 mi	-	2	Flat
£2,100	05/24	0.07 mi	Adrian House, Jupp Road, Stratford, E15	2	Flat
£2,100	05/24	0.07 mi	Jupp Road, London, E15	2	Flat
£2,000	03/24	0.08 mi	Velocity Building, Stratford, London, E15	2	Flat
£2,687	04/25	0.11 mi	-	2	Flat
£3,250	04/24	0.12 mi	-	2	Flat
£2,880	01/25	0.12 mi	-	2	Flat
£2,400	04/25	0.12 mi	-	2	Flat
£3,250	03/24	0.12 mi	Victoria Mills Studio, Stratford, London, E15	2	Flat
£2,100	03/24	0.12 mi	Burford Wharf, Cam Road, Stratford, E15	2	Flat
£2,150	01/25	0.13 mi	-	2	Flat
£2,150	03/25	0.13 mi	-	2	Flat
£3,850	02/25	0.13 mi	-	2	Flat
£2,350	01/25	0.13 mi	-	2	Flat
£2,300	03/24	0.14 mi	Victoria Mills Studios - Stratford - E15	2	Flat
£2,500	03/24	0.14 mi	Burford Road, London, E15	2	Flat
£2,650	03/24	0.14 mi	Station Street London E15	2	Flat
£2,550	03/24	0.14 mi	Station Street London E15	2	Flat
£2,750	03/24	0.14 mi	Station Street London E15	2	Flat
£2,600	04/24	0.14 mi	Unex Tower, London, E15	2	Flat
£2,700	04/24	0.14 mi	Station Street, London, E15	2	Flat
£2,800	04/24	0.14 mi	Unex Tower, 7 Station Street, London, E15	2	Flat
£1,900	04/24	0.14 mi	Burford Wharf Apartments, Stratford E15	2	Flat
£2,800	03/25	0.14 mi	-	2	Flat
£2,800	04/24	0.14 mi	Unex Tower, Station Street, London E15	N/A	House
£2,510	04/24	0.14 mi	-	2	Flat
£2,510	03/24	0.14 mi	Unex Tower, London, E15	2	Flat
£2,510	04/24	0.14 mi	Unex Tower, London, E15	2	Flat
£2,100	01/25	0.14 mi	-	2	Flat
£2,200	03/25	0.14 mi	-	2	Flat
£2,860	04/25	0.15 mi	-	2	Flat
£2,250	02/25	0.15 mi	-	2	Flat
£2,743	04/25	0.15 mi	-	2	Flat
£2,743	12/24	0.15 mi	-	2	Flat
£2,200	04/25	0.15 mi	-	2	Flat
£2,150	12/24	0.15 mi	-	2	Flat
£2,700	04/24	0.16 mi	Azure Building, London, E15	2	Flat
£2,250	03/24	0.16 mi	Hallings Wharf Studios - Stratford - E15	2	Flat
£2,699	03/24	0.16 mi	Great Eastern Road, Stratford, E15	2	Flat
£2,500	03/24	0.16 mi	Stratosphere Tower, Stratford E15	2	Flat

Local Area Statistics

Population in E15	52,19952,199
Population in London	4,771,9214,771,921
Town centre distance	4.48 miles away4.48 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.07 miles away0.07 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+16%+16%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+22%+22%

Property History

Price changed to £380,000

February 12, 2025

Price changed to £400,000

December 11, 2024

Price changed to £425,000

October 2, 2024

Listed for £450,000

September 25, 2024

Floor Plans

Description

A beautifully presented 2 bedroom, 3rd floor flat +
Generous reception room with dining space +
Smart kitchen with access to balcony +
Bright master bedroom with en suite shower room +
Spacious second bedroom and sleek modern bathroom +

A stunning two bedroom third floor flat with a private balcony and Olympic Park views, set within a modern development with impressive roof gardens found moments from the local amenities and Westfield shopping centre.

The property is within proximity to the shops and entertainment spots that can be found in Stratford, Olympic Park and Westfield shopping centre. Transport links include Stratford Station and for the motorist the A11, A12 and A13 roads are nearby.

Please use the reference CHPK3656699 when contacting Foxtons.

Agent Details

Foxtons, Stratford

020 3889 9150

Next Steps?

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

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2 Bed Flat, Single Let, London, E15 2HP, £380,000

ValuationFair Value

CashflowsOpen in Analyser

Local Sold PricesDownload Show map

Local RentsDownload Show map

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Local Area Statistics

Property History

Floor Plans

Description

Agent Details

Next Steps?

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Local Sold Prices

Local Rents