2 Bed Flat, Single Let, London, E12 5BH, £310,000

Clarence Road, Manor Park, London, E12 5BH - 7 months ago

Leasehold
BTL
ROI: 4%
~68 m²
+7 photos

ValuationUndervalued

Sold Prices£175K - £450K
Sold Prices/m²£3K/m² - £8.2K/m²

 

 

Square Metres

~68.11 m²
Price/m²£4.6K/m²

Value Estimate

£358,170
BMV16%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£77,500

Stamp Duty & Legal Fees

£19,700

Total Cash In

£97,200

 

 

Cash Out

 

Rent Range

£1,450 - £2,300

Rent Estimate

£1,600

Running Costs/mo

£1,309

Cashflow/mo

£291

Cashflow/yr

£3,495

ROI

4%

Gross Yield

6%

Local Sold Prices

50 sold prices from £175K to £450K, average is £316K. £3K/m² to £8.2K/m², average is £5.3K/m².

PriceDateDistanceAddressBeds 
£412K08/220.13 mi130b, Claremont Road, London, Greater London E7 0PX2
£310K11/220.14 mi15, Saints Drive, London, Greater London E7 0RF2
£380K01/230.14 mi142, Windsor Road, London, Greater London E7 0RB2
£410K09/210.22 mi78, Ridley Road, London, Greater London E7 0LT2
£410K09/210.22 mi78, Ridley Road, London, Greater London E7 0LT2
£292K06/210.27 mi55a, Birchdale Road, London, Greater London E7 8AS2
£225K02/210.27 mi13a, Birchdale Road, London, Greater London E7 8AS2
£360K12/200.28 mi112a, Hampton Road, London, Greater London E7 0NU2
£240.5K06/210.29 mi552, Katherine Road, London, Greater London E7 8EA2
£310K12/220.32 mi522a, Katherine Road, London, Greater London E7 8EA2
£413.1K06/210.37 mi22, Forest Drive, London, Greater London E12 5DF2
£322.5K03/210.37 mi9, Forest Drive, London, Greater London E12 5DF2
£311.5K06/210.37 mi1, Queensberry Place, London, Greater London E12 6UN2
£297K03/230.37 mi41, Queensberry Place, London, Greater London E12 6UN2
£317K04/210.37 mi14, Queensberry Place, London, Greater London E12 6UN2
£325K12/220.37 mi97, Queensberry Place, London, Greater London E12 6UW2
£425K06/210.38 mi78, Capel Road, London, Greater London E7 0JR2
£315K08/220.38 mi69, Queensberry Place, London, Greater London E12 6UN2
£175K04/210.4 mi198, Halley Road, London, Greater London E12 6UD2
£254K06/210.4 mi244, Halley Road, London, Greater London E12 6UD2
£307.5K03/210.4 mi132, Queensberry Place, London, Greater London E12 6UW2
£330K09/220.4 mi104, Queensberry Place, London, Greater London E12 6UW2
£305K01/210.4 mi115, Queensberry Place, London, Greater London E12 6UW2
£312K02/210.4 mi127, Queensberry Place, London, Greater London E12 6UW2
£300K05/230.4 mi107, Queensberry Place, London, Greater London E12 6UW2
£350K03/210.41 mi43a, Carlyle Road, London, Greater London E12 6BL2
£320K08/220.43 mi134, Queensberry Place, London, Greater London E12 6UW2
£220K01/210.44 mi52, Snowshill Road, London, Greater London E12 6BB2
£275K11/200.47 mi270a, Strone Road, London, Greater London E12 6TP2
£360K06/210.5 mi29, Osborne Road, Forest Gate, London, Greater London E7 0PJ2
£283K11/220.51 mi83, Forest View Road, London, Greater London E12 5HU2
£432.5K06/210.52 mi39a, Avenue Road, London, Greater London E7 0LA2
£235K08/220.61 miFirst Floor Flat, 14, Stafford Road, London, Greater London E7 8NN2
£310K05/230.66 mi44, Moore Walk, London, Greater London E7 0HY2
£286K07/210.68 mi15, St Georges Road, London, Greater London E7 8HT2
£330K07/220.74 miFlat, 42b, Essex Road, London, Greater London E12 6RE2
£432.5K01/210.76 mi108, Earlham Grove, London, Greater London E7 9AS2
£357.5K06/210.78 miGround Floor Flat, 18, St Georges Road, London, Greater London E7 8HY2
£375K12/220.79 mi9c, Macdonald Road, London, Greater London E7 0HE2
£360K12/200.8 mi75, Sidney Road, London, Greater London E7 0ED2
£442.5K04/210.81 mi93, Clova Road, London, Greater London E7 9AG2
£362K11/210.84 mi108, Dames Road, London, Greater London E7 0EB2
£417K03/230.84 mi186, Dames Road, London, Greater London E7 0EB2
£310K01/230.86 mi162, Empress Avenue, London, Greater London E12 5HW2
£450K09/220.87 miFirst Floor Maisonette, 80, Dover Road, London, Greater London E12 5EA2
£249K12/220.88 mi178, Empress Avenue, London, Greater London E12 5HW2
£295K09/220.89 miFlat 1, Fry House, St Stephens Road, London, Greater London E6 1AL2
£295K06/210.9 mi168a, Shakespeare Crescent, London, Greater London E12 6NB2
£360K11/200.91 mi227a, Neville Road, London, Greater London E7 9QL2
£310K12/200.91 mi209a, Neville Road, London, Greater London E7 9QL2

Local Rents

50 rents from £1.4K/mo to £2.3K/mo, average is £1.8K/mo.

RentDateDistanceAddressBeds 
£2,00004/250.13 mi-2
£1,80004/250.14 mi-2
£1,80004/250.14 mi-2
£2,30004/250.2 mi-2
£2,20004/250.2 mi-2
£2,15003/250.23 mi-2
£1,70004/250.23 mi-2
£1,90005/240.26 miRomford Road, Manor Park, London, E122
£1,85002/240.3 mi-2
£1,87502/240.31 mi-2
£1,72502/240.31 mi-2
£1,79503/250.31 mi-2
£1,95002/250.31 mi-2
£1,65004/240.31 miWindsor Road, London, E72
£1,75004/240.33 miSalisbury Road2
£1,65004/250.34 mi-2
£1,95001/250.34 mi-2
£1,45003/250.35 mi-2
£1,95004/250.35 mi-2
£1,80001/250.38 mi-2
£1,95004/250.38 mi-2
£1,80001/250.38 mi-2
£1,80004/250.38 mi-2
£1,72504/240.4 miForest Gate2
£1,72504/240.41 miCranmer Road, Forest Gate, London, E72
£1,75003/240.42 mi-2
£1,65003/240.42 miSherrard Road, E122
£1,85001/250.43 mi-2
£1,80005/240.46 mi-2
£2,20001/250.46 mi-2
£1,80004/250.47 mi-2
£2,00004/250.48 mi-2
£1,60002/240.48 mi-2
£1,60003/240.49 miGreen Street, London2
£1,90003/250.49 mi-2
£1,90004/250.49 mi-2
£1,75002/250.5 mi-2
£1,70004/250.51 mi-2
£1,75001/250.53 mi-2
£1,69004/250.54 mi-2
£1,50003/250.55 mi-2
£1,80010/230.56 miSebert Road, London, E72
£1,60005/240.56 miRalph jackson House2
£2,00001/250.57 mi-2
£2,04002/240.59 mi-2
£2,21004/240.59 mi-2
£2,21004/240.59 miEmily Duncan Place, London, E72
£1,99003/250.59 mi-2
£2,25001/250.61 mi-2
£1,90001/250.61 mi-2

Local Area Statistics

Population in E12

41,869

Population in London

4,771,921

Town centre distance

6.42 miles away

Nearest school

0.30 miles away

Nearest train station

0.25 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+6%

Sales demand

Balanced market

Capital growth (5yrs)

+25%

Property History

Price changed to £310,000

January 27, 2025

Listed for £325,000

September 25, 2024

Floor Plans

Description

  • Great residential area +
  • Close to local amenities +
  • Bright reception room +
  • Separate modern kitchen +
  • Back patio +
  • Lovely ample garden +
  • Parking space +

Charming 2 bedroom flat offering contemporary décor, separate kitchen, lovely reception room, large garden and private parking space.

This great property is located in quiet residential area with easy access to Manor Park Station and numerous local amenities in Romford road and Manor Park areas.

Please use the reference CHPK2123774 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 💪