2 Bed Flat, Single Let, London, E16 1NE, £295,000

Butchers Road, Canning Town, London, E16 1NE - 4 views - 7 months ago

Leasehold

BTL

ROI: 8%

~68 m²

+2 photos

ValuationUndervalued

Sold Prices	£260K - £1.1M
Sold Prices/m²	£3.8K/m² - £7.1K/m²

Square Metres	~68.11 m²
Price/m²	£4.3K/m²
Value Estimate	£363,799£363,799
BMV	23%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£73,750£73,750
Stamp Duty & Legal Fees	£12,300£12,300
Total Cash In	£86,050£86,050

Cash Out
Rent Range	£1,750 - £3,400£1,750 - £3,400
Rent Estimate	£1,900
Running Costs/mo	£1,322£1,322
Cashflow/mo	£578£578
Cashflow/yr	£6,938£6,938
ROI	8%8%
Gross Yield	8%8%

Local Sold Prices

22 sold prices from £260K to £1.1M, average is £331K. £3.8K/m² to £7.1K/m², average is £5.3K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£300K	01/21	0.21 mi	51, Thorne Close, London, Greater London E16 1LP	£4,688	64	2	Flat
£300K	01/21	0.21 mi	51, Thorne Close, London, Greater London E16 1LP	£4,688	64	2	Flat
£366.5K	04/21	0.22 mi	22, Bray Drive, London, Greater London E16 1LD	£6,664	55	2	Flat
£332K	09/21	0.39 mi	Flat 7, Manchester Court, Garvary Road, London, Greater London E16 3GZ	-	-	2	Flat
£287K	06/21	0.55 mi	111, Cambus Road, London, Greater London E16 4AX	£5,740	50	2	Flat
£275K	10/20	0.64 mi	55, Holborn Road, London, Greater London E13 8PB	£5,392	51	2	Flat
£400K	08/22	0.65 mi	65a, New Barn Street, London, Greater London E13 8JY	£4,762	84	2	Flat
£300K	03/23	0.68 mi	42, Luton Road, London, Greater London E13 8HD	£3,750	80	2	Flat
£336.7K	03/21	0.68 mi	32, Luton Road, London, Greater London E13 8HD	£4,430	76	2	Flat
£297.5K	10/22	0.68 mi	22, Luton Road, London, Greater London E13 8HD	£6,071	49	2	Flat
£260K	07/22	0.69 mi	3, King Street, London, Greater London E13 8DB	£5,417	48	2	Flat
£336.5K	12/22	0.82 mi	49, Tollgate Road, London, Greater London E16 3LB	£5,341	63	2	Flat
£1.1M	03/21	0.86 mi	47, Starboard Way, London, Greater London E16 2NZ	£4,508	244	2	Flat
£313K	07/23	0.88 mi	29, Gentry Gardens, London, Greater London E13 8BS	-	-	2	Flat
£564K	02/21	0.89 mi	110, Barrier Point Road, London, Greater London E16 2SD	£7,139	79	2	Flat
£330K	02/21	0.91 mi	474b, Barking Road, Plaistow, London, Greater London E13 8QB	-	-	2	Flat
£540K	04/21	0.93 mi	182, Barrier Point Road, London, Greater London E16 2SE	£6,923	78	2	Flat
£292K	01/21	0.93 mi	1, Meredith Street, London, Greater London E13 0EG	£4,232	69	2	Flat
£290K	07/21	0.94 mi	5, Grange Road, London, Greater London E13 0EE	£4,328	67	2	Flat
£540K	06/21	0.94 mi	143, Barrier Point Road, Silvertown, London, Greater London E16 2SE	£6,067	89	2	Flat
£425.1K	06/21	0.94 mi	171, Barrier Point Road, London, Greater London E16 2SE	£6,114	70	2	Flat
£492.5K	01/21	0.98 mi	197, Barrier Point Road, London, Greater London E16 2SF	£4,964	99	2	Flat

Local Rents

50 rents from £1.8K/mo to £3.4K/mo, average is £2.3K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,750	12/24	0.05 mi	-	2	Flat
£2,000	04/24	0.15 mi	Rathbone Market, Canning Town, London, E16	2	Flat
£2,575	04/24	0.15 mi	Nautilus Apartments, Canning Town, London, E16	2	Flat
£2,575	05/24	0.15 mi	Nautilus Apartments, Canning Town, London, E16	2	Flat
£1,870	03/24	0.17 mi	-	2	Terraced House
£1,795	04/24	0.17 mi	-	2	Terraced House
£1,795	03/24	0.17 mi	Golden Plover Close, London, E16	2	Flat
£3,400	05/24	0.17 mi	-	2	Flat
£2,362	04/24	0.18 mi	Ariel Apartments, 1 Crediton Road, Royal Victoria Docks, London, E16 1GD	2	Flat
£2,270	03/25	0.18 mi	-	2	Flat
£2,800	02/25	0.19 mi	-	2	Flat
£2,000	03/24	0.19 mi	Docklands Excel, London, E16	2	Flat
£2,300	03/24	0.19 mi	-	2	Flat
£1,950	05/24	0.19 mi	-	2	Flat
£1,950	04/24	0.19 mi	Oceanis Apartments, London, E16	2	Flat
£2,100	04/25	0.19 mi	-	2	Flat
£2,350	01/25	0.19 mi	-	2	Flat
£2,145	03/24	0.19 mi	Oceanis Appartments, 19 Seagull Lane, Royal Victoria Docks, Canary Wharf, London, E16 1BY	2	Flat
£2,695	02/25	0.19 mi	-	2	Flat
£2,800	04/25	0.19 mi	-	2	Flat
£1,900	04/24	0.19 mi	-	2	Flat
£1,900	04/24	0.19 mi	The Oxygen, London, E16	2	Flat
£1,950	04/24	0.19 mi	Oceanis Apartments, Seagull Lane, London E16	2	Flat
£2,253	04/24	0.2 mi	The Oxygen, 18 Western Gateway	2	Flat
£2,750	04/24	0.2 mi	The Oxygen Apartments, Royal Victoria Dock, E16	2	Flat
£2,250	05/24	0.2 mi	The Oxygen Apartments, Royal Victoria Dock, E16	2	Flat
£2,500	02/25	0.2 mi	-	2	Flat
£2,492	05/24	0.21 mi	Oxygen Apartments, Western Gateway, Royal Victoria Docks, E16	2	Flat
£1,750	05/24	0.21 mi	Thorne Close, Canning Town, London, E16	2	Flat
£1,900	05/24	0.21 mi	Thorne Close, Canning Town E16	2	Flat
£1,900	05/24	0.21 mi	Thorne Close - Canning Town - E16	2	Flat
£2,600	03/24	0.21 mi	western Gateway, London, E16	2	Flat
£2,600	05/24	0.21 mi	western Gateway, London, E16	2	Flat
£2,492	04/24	0.21 mi	Galleria House, Western Gateway, London, E16	2	Flat
£2,400	05/24	0.21 mi	Galleria House, 12B Western Gateway, London, E16	2	Flat
£2,600	05/24	0.21 mi	Galleria House, 12B Western Gateway, London, E16	2	Flat
£2,548	05/24	0.21 mi	Galleria House, Western Gateway, London, E16	2	Flat
£2,340	04/24	0.22 mi	Oxygen Building, 18 Western Gateway, Royal Victoria, Canary Wharf, E16 1BL	2	Flat
£2,450	04/24	0.22 mi	Botanist House, 7 Seagull Lane, London, E16	2	Flat
£2,383	04/24	0.22 mi	Adriatic Apartment, Western Gateway, Royal Victoria Docks, London, E16 1BT	2	Flat
£2,750	03/25	0.22 mi	-	2	Flat
£2,500	03/25	0.22 mi	-	2	Flat
£2,300	03/24	0.22 mi	Adriatic Apartments, 20 Western Gateway, Royal Victoria, London, E16	2	Flat
£1,800	04/24	0.22 mi	-	2	Flat
£1,850	04/24	0.22 mi	-	2	Flat
£1,900	04/24	0.22 mi	Thorne Close, London	2	Flat
£2,850	01/25	0.22 mi	-	2	Flat
£2,400	05/24	0.23 mi	Botanist House, Seagull Lane, E16	2	Flat
£2,145	04/24	0.23 mi	Westgate Apartments, Royal Victoria, Excel, London, E16 1BN	2	Flat
£2,100	05/24	0.23 mi	Westgate Apartments, 14 Western Gateway	2	Flat

Local Area Statistics

Population in E16	44,88044,880
Population in London	4,771,9214,771,921
Town centre distance	5.52 miles away5.52 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	0.18 miles away0.18 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	-4%-4%
Sales demand	Buyer's marketBuyer's market
Capital growth (5yrs)	-3%-3%

Property History

Listed for £295,000

September 25, 2024

Floor Plans

Description

Spacious apartment +
2nd floor +
Bright and spacious interiors +
2 double bedrooms +
Private balcony +
Off street parking +

Set on the 2nd floor of a secure block with gated parking and a porter, this fantastic apartment offers spacious living with 2 bedrooms and a private balcony.

Peacefully located on Butchers Road, this property benefits from a close proximity to excellent transport links from Canning Town Station.

Please use the reference CHPK3256218 when contacting Foxtons.

Agent Details

Foxtons, Canary Wharf

020 3909 9891

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, E16 1NE, £295,000

ValuationUndervalued

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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