2 Bed Bungalow, Cash/Bridging Only, London, E15 4FH, £400,000

Ironbridge Mews, Stratford, London, E15 4FH - 5 views - 7 months ago

Cash
ROI: 2%
~65 m²
+4 photos

ValuationFair Value

Sold Prices£279K - £537.5K
Sold Prices/m²£4.4K/m² - £10.4K/m²

 

 

Square Metres

~64.70 m²
Price/m²£6.2K/m²

Value Estimate

£404,000

 

 

End Value (After Refurb)

£394,670

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£100,000

Stamp Duty & Legal Fees

£20,700

Refurb Costs

£34,228

Bridging Loan Interest

£10,500

Total Cash In

£167,178

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£394,670

Mortgage (After Refinance)

£296,003

Mortgage LTV

75%

Cash Left In

£167,178

Equity

£98,668

Rent Range

£1,600 - £3,800

Rent Estimate

£2,001

Running Costs/mo

£1,654

Cashflow/mo

£347

Cashflow/yr

£4,169

ROI

2%

Gross Yield

6%

Local Sold Prices

50 sold prices from £279K to £537.5K, average is £442.3K. £4.4K/m² to £10.4K/m², average is £7.1K/m².

PriceDateDistanceAddressBeds 
£352.5K07/210.03 mi72a, Evesham Road, London, Greater London E15 4AJ2
£279K05/230.07 mi187a, Vicarage Lane, Stratford, London, Greater London E15 4HJ2
£455K04/210.19 mi57, Ham Park Road, London, Greater London E15 4HE2
£448.5K08/230.19 mi107, Tennyson Road, Stratford, London, Greater London E15 4DR2
£430K03/210.25 mi9, White Road, London, Greater London E15 4HA2
£391K03/210.25 mi27, White Road, London, Greater London E15 4HA2
£476K05/230.25 mi17, White Road, London, Greater London E15 4HA2
£440K04/230.26 mi28, Faringford Road, London, Greater London E15 4DW2
£465K06/210.26 mi10, Faringford Road, London, Greater London E15 4DW2
£490K12/200.26 mi8, Maiden Road, London, Greater London E15 4EZ2
£440K03/230.26 mi17, Faringford Road, London, Greater London E15 4DP2
£421K04/210.28 mi48, Aldworth Road, London, Greater London E15 4DL2
£501.3K01/210.28 mi78, Aldworth Road, London, Greater London E15 4DL2
£475K06/210.28 mi57, Tavistock Road, London, Greater London E15 4EP2
£450K01/230.28 mi74, Tavistock Road, London, Greater London E15 4EP2
£427K12/200.28 mi42, Tavistock Road, London, Greater London E15 4EP2
£492.5K01/230.28 mi57, Tavistock Road, London, Greater London E15 4EP2
£460K10/210.29 mi67, Vernon Road, London, Greater London E15 4DQ2
£496.5K11/200.29 mi85, Vernon Road, Stratford, London, Greater London E15 4DQ2
£495K11/200.29 mi73, Vernon Road, Stratford, London, Greater London E15 4DQ2
£425K03/230.29 mi69, Vernon Road, Stratford, London, Greater London E15 4DQ2
£430K06/210.29 mi31, Vernon Road, Stratford, London, Greater London E15 4DQ2
£478K06/230.29 mi57, Vernon Road, Stratford, London, Greater London E15 4DQ2
£420K11/200.29 mi60, Glenavon Road, London, Greater London E15 4DD2
£437K01/210.29 mi82, Glenavon Road, London, Greater London E15 4DD2
£478K02/210.29 mi90, Glenavon Road, London, Greater London E15 4DD2
£445K10/200.29 mi9, Aldworth Road, London, Greater London E15 4DN2
£450K01/210.29 mi64, Vernon Road, London, Greater London E15 4DG2
£460K03/210.29 mi93, Tennyson Road, London, Greater London E15 4DJ2
£532.5K12/210.29 mi41, Tennyson Road, Stratford, London, Greater London E15 4DJ2
£442K02/210.29 mi75, Tennyson Road, London, Greater London E15 4DJ2
£450K07/230.33 mi64, Tennyson Road, Stratford, London, Greater London E15 4DH2
£421K12/210.33 mi18, Tavistock Road, London, Greater London E15 4ER2
£430K12/220.33 mi21, Harcourt Road, London, Greater London E15 3DX2
£400K06/210.34 mi10, Willis Road, London, Greater London E15 3HH2
£410K12/200.35 mi19, Pitchford Street, London, Greater London E15 4RZ2
£442.5K02/210.36 mi36, Holbrook Road, London, Greater London E15 3EA2
£435K06/210.36 mi47, Marriott Road, London, Greater London E15 4QF2
£435K06/210.36 mi47, Marriott Road, London, Greater London E15 4QF2
£425K06/210.37 mi65, Pitchford Street, London, Greater London E15 4RZ2
£537.5K06/230.37 mi117, East Road, London, Greater London E15 3QS2
£490K05/220.39 mi1, Rokeby Street, London, Greater London E15 3NS2
£440K03/210.42 mi51, Ranelagh Road, Stratford, London, Greater London E15 3DP2
£516K11/200.43 mi36, York Road, London, Greater London E7 9HT2
£385K06/210.44 mi34, Mortham Street, London, Greater London E15 3LS2
£440K06/210.45 mi3, Holbrook Road, London, Greater London E15 3DZ2
£525K11/220.47 mi86, Corporation Street, London, Greater London E15 3HD2
£425K01/230.5 mi5, Richardson Road, London, Greater London E15 3BB2
£490K09/210.5 mi86, Pond Road, London, Greater London E15 3BE2
£442K06/230.51 mi69, Carnarvon Road, Stratford, London, Greater London E15 4JW2

Local Rents

50 rents from £1.6K/mo to £3.8K/mo, average is £2K/mo.

RentDateDistanceAddressBeds 
£2,00003/240.11 miPortway, Stratford, E152
£1,85005/240.12 miByford Close - Stratford - E152
£1,70003/250.12 mi-2
£1,60003/250.12 mi-2
£2,07501/250.16 mi-2
£1,84504/240.17 miVicarage Lane, Stratford, E152
£1,85003/240.17 miTennyson Road, London, E152
£1,95003/240.18 miTennyson Road, London, Greater London, E152
£1,85003/240.19 miTennyson Road, Stratford E152
£1,85003/240.19 miTennyson Road, London, E152
£1,80012/240.2 mi-2
£2,15004/240.21 miElmgreen Close, Stratford, London, E152
£1,95003/250.21 mi-2
£2,25003/240.22 miTennyson Road, E152
£2,10005/240.23 miWest Ham Lane, Stratford Village, E152
£2,80005/240.25 mi-2
£2,80012/240.25 mi-2
£2,70012/240.25 mi-2
£1,92503/240.25 miAmmonite house, Stratford2
£1,87503/240.25 miAmmonite House | Stratford | E152
£2,00003/240.25 miBarnby Street, Stratford, E152
£2,30004/240.25 miFaringford Road, Stratford E152
£1,90001/250.25 mi-2
£1,90001/250.25 mi-2
£2,00004/240.26 miWhite Road, Stratford, E152
£2,30004/240.26 miFaringford Road, Stratford, London, E152
£2,19505/240.26 mi-2
£2,19502/250.26 mi-2
£2,25002/250.26 mi-2
£1,92503/240.26 miStone Court, 11A Flint Close, Stratford, London, E152
£2,05001/250.26 mi-2
£3,75002/250.26 mi-2
£2,05004/250.26 mi-2
£2,14501/250.27 mi-2
£2,00003/250.27 mi-2
£2,00004/240.27 miAldworth Road, Stratford E152
£2,20004/250.27 mi-2
£1,79803/240.27 miAldworth Road, London, E15 4DL2
£2,20004/250.27 mi-2
£1,85004/240.28 miMaitland Road, Stratford E152
£2,00001/250.28 mi-2
£3,80002/250.28 mi-2
£1,95002/250.28 mi-2
£1,90003/240.29 miPark Road, Stratford, London, E152
£2,10004/250.29 mi-2
£2,30001/250.29 mi-2
£2,00003/250.29 mi-2
£1,90004/240.29 miWorland Road, Stratford, E152
£2,00003/240.29 miPaul Street, Stratford, London, E152
£1,85003/240.29 miVernon Road, Stratford, London, E152

Local Area Statistics

Population in E15

52,199

Population in London

4,771,921

Town centre distance

5.09 miles away

Nearest school

0.10 miles away

Nearest train station

0.53 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+16%

Sales demand

Balanced market

Capital growth (5yrs)

+22%

Property History

Listed for £400,000

September 25, 2024

Floor Plans

Description

  • Charming 1 bedroom property +
  • Newly Built +
  • Private garden +
  • High end finishes +
  • Underfloor heating +
  • Open plan kitchen/reception room +
  • Contemporary shower room +
  • Off street parking +

Set back on a private mews, this stunning 1 bedroom property boasts an open plan kitchen/reception room, ample bedroom and contemporary shower room as well as a private garden and off street parking.
Cash Buyers Only.

The property is set in an excellent location within a gated mews, close to the multiple amenities and transport links of Stratford.

Please use the reference CHPK4932294 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 💪