2 Bed Flat, Single Let, London, E3 2JJ, £490,000

Wick Lane, Bow, London, E3 2JJ - 7 months ago

Leasehold

BTL

~68 m²

+7 photos

ValuationOvervalued

Sold Prices	£275K - £1.2M
Sold Prices/m²	£4.7K/m² - £11.9K/m²

Square Metres	~68.11 m²
Price/m²	£7.2K/m²
Value Estimate	£460,702£460,702

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£122,500£122,500
Stamp Duty & Legal Fees	£27,900£27,900
Total Cash In	£150,400£150,400

Cash Out
Rent Range	£1,750 - £4,000£1,750 - £4,000
Rent Estimate	£1,900
Running Costs/mo	£1,931£1,931
Cashflow/mo	£-31£-31
Cashflow/yr	£-375£-375
Gross Yield	5%5%

Local Sold Prices

51 sold prices from £275K to £1.2M, average is £405K. £4.7K/m² to £11.9K/m², average is £6.7K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£360K	02/23	0.27 mi	Flat 65, Winford House, Jodrell Road, London, Greater London E3 2LF	-	-	2	Flat
£500K	06/21	0.27 mi	7, Eden Way, London, Greater London E3 2JD	£9,434	53	2	Flat
£555K	09/21	0.27 mi	8, Eden Way, London, Greater London E3 2JD	£7,603	73	2	Flat
£390K	04/23	0.32 mi	73, Hewison Street, London, Greater London E3 2HZ	£5,821	67	2	Flat
£320K	04/23	0.39 mi	34, Brymay Close, London, Greater London E3 2SY	£6,163	52	2	Flat
£365K	02/21	0.48 mi	Flat 6, Barford House, Tredegar Road, London, Greater London E3 5HP	-	-	2	Flat
£355K	02/21	0.53 mi	Flat 17, Astra House, Alfred Street, London, Greater London E3 2BA	-	-	2	Flat
£415K	08/23	0.53 mi	Flat 13, Brine House, St Stephens Road, London, Greater London E3 5PG	-	-	2	Flat
£367K	06/21	0.56 mi	8, Otter Close, London, Greater London E15 2PZ	£6,016	61	2	Flat
£370K	04/21	0.56 mi	43, Otter Close, London, Greater London E15 2PZ	£6,736	55	2	Flat
£275K	08/21	0.56 mi	2, Otter Close, London, Greater London E15 2PZ	£4,661	59	2	Flat
£460K	12/22	0.56 mi	96, Hitchin Square, London, Greater London E3 5QF	-	-	2	Flat
£372.5K	06/23	0.58 mi	79, Otter Close, London, Greater London E15 2PT	£4,862	77	2	Flat
£393K	06/21	0.58 mi	144, Bow Road, London, Greater London E3 3AH	-	-	2	Flat
£572K	06/21	0.59 mi	23, Tredegar Road, London, Greater London E3 2EH	£11,917	48	2	Flat
£572K	06/21	0.59 mi	23, Tredegar Road, London, Greater London E3 2EH	£11,917	48	2	Flat
£412.7K	12/22	0.59 mi	82a, Bow Road, London, Greater London E3 4DL	£5,685	73	2	Flat
£550K	04/21	0.6 mi	20, Printers Mews, London, Greater London E3 5NZ	-	-	2	Flat
£600K	07/23	0.6 mi	15, Printers Mews, London, Greater London E3 5NZ	£7,895	76	2	Flat
£455K	06/23	0.6 mi	Flat 22, Marina Court, Alfred Street, London, Greater London E3 2BH	-	-	2	Flat
£353K	02/21	0.6 mi	100, Otter Close, London, Greater London E15 2PX	£6,193	57	2	Flat
£323.7K	12/20	0.61 mi	Flat 56, Corbin House, Bromley High Street, London, Greater London E3 3BQ	-	-	2	Flat
£379.5K	10/20	0.63 mi	73, Leabank Square, London, Greater London E9 5LR	£5,345	71	2	Flat
£400K	06/21	0.63 mi	68, Leabank Square, London, Greater London E9 5LR	£6,154	65	2	Flat
£500K	05/23	0.64 mi	128, Antill Road, London, Greater London E3 5BN	-	-	2	Flat
£300K	11/20	0.65 mi	Flat 6, Dorrington Point, Bromley High Street, London, Greater London E3 3EL	-	-	2	Flat
£350K	02/21	0.65 mi	78, Berkshire Road, London, Greater London E9 5LU	-	-	2	Flat
£430K	12/21	0.67 mi	7b, Tomlins Grove, London, Greater London E3 4NX	£6,466	67	2	Flat
£301.5K	03/23	0.67 mi	Flat 32, Wellington Buildings, Wellington Way, London, Greater London E3 4NA	-	-	2	Flat
£1.2M	08/21	0.68 mi	40, Medway Road, London, Greater London E3 5BY	£11,431	102	2	Flat
£425K	04/21	0.68 mi	36, Leabank Square, London, Greater London E9 5LP	£6,538	65	2	Flat
£390K	10/21	0.68 mi	34, Leabank Square, London, Greater London E9 5LP	£5,949	66	2	Flat
£330K	10/20	0.68 mi	20, Bisson Road, London, Greater London E15 2RD	£5,000	66	2	Flat
£420K	02/23	0.69 mi	419a, Roman Road, London, Greater London E3 5QS	£8,055	52	2	Flat
£417K	04/23	0.71 mi	1, Regal Place, London, Greater London E3 2BG	£8,653	48	2	Flat
£545K	11/20	0.72 mi	16a, Zealand Road, London, Greater London E3 5RB	-	-	2	Flat
£812K	03/21	0.76 mi	342, Old Ford Road, London, Greater London E3 5TA	£8,547	95	2	Flat
£415K	03/21	0.78 mi	90, Buxhall Crescent, London, Greater London E9 5JZ	£6,792	61	2	Flat
£380K	06/23	0.78 mi	465, Mile End Road, London, Greater London E3 4PA	-	-	2	Flat
£368.1K	02/21	0.79 mi	31b - 31c, Brookfield Road, Hackney, London, Greater London E9 5AH	-	-	2	Flat
£592K	05/23	0.79 mi	31a, Brookfield Road, Hackney, London, Greater London E9 5AH	£9,573	62	2	Flat
£368K	08/23	0.83 mi	14, Shalbourne Square, London, Greater London E9 5JN	£6,815	54	2	Flat
£332K	06/21	0.84 mi	Flat 22, Denbury House, Talwin Street, London, Greater London E3 3JB	-	-	2	Flat
£765.5K	01/21	0.86 mi	42a, Wetherell Road, London, Greater London E9 7DB	£8,506	90	2	Flat
£705K	12/22	0.86 mi	43a, Wetherell Road, London, Greater London E9 7DB	£7,646	92	2	Flat
£520K	11/20	0.89 mi	Flat 127, Gascoyne House, Gascoyne Road, London, Greater London E9 7BN	-	-	2	Flat
£465K	06/21	0.89 mi	Flat 101, Gascoyne House, Gascoyne Road, London, Greater London E9 7BL	-	-	2	Flat
£280K	06/23	0.9 mi	Flat 58, Vaine House, Cassland Road, London, Greater London E9 5BT	-	-	2	Flat
£343K	03/21	0.94 mi	159, Fairfoot Road, London, Greater London E3 4EJ	£5,310	65	2	Flat
£411.3K	09/21	0.94 mi	113, Fairfoot Road, London, Greater London E3 4EJ	£5,961	69	2	Flat
£405K	01/21	0.95 mi	35a, Kenworthy Road, London, Greater London E9 5RB	£7,879	51	2	Flat

Local Rents

50 rents from £1.8K/mo to £4K/mo, average is £2.3K/mo.

Rent	Date	Distance	Address	Beds	Type
£2,200	05/24	0.02 mi	-	2	Flat
£2,200	03/25	0.02 mi	-	2	Flat
£2,000	02/24	0.02 mi	-	2	Flat
£2,200	04/24	0.02 mi	Wick Lane, London, E3	2	Flat
£2,200	05/24	0.02 mi	Wick Lane, London, E3	2	Flat
£2,199	03/24	0.02 mi	Wick Lane, London, E3	2	Flat
£2,700	04/24	0.02 mi	-	2	Flat
£2,349	03/24	0.04 mi	Wick Lane, Hackney Wick	2	Flat
£2,300	05/24	0.04 mi	Ink Court, Hackney Wick	2	Flat
£2,300	03/24	0.06 mi	-	2	Flat
£2,700	04/24	0.06 mi	Hart Yard, Hackney Wick	2	Flat
£2,800	03/24	0.07 mi	-	2	Flat
£2,500	04/24	0.09 mi	Iron Works, 58 Dace Road	2	Flat
£2,500	03/24	0.1 mi	-	2	Flat
£2,297	05/24	0.1 mi	Dace Road, Hackney Wick	2	Flat
£2,496	04/24	0.12 mi	Dace Road, Hackney Wick	2	Flat
£2,795	04/25	0.17 mi	-	2	Flat
£2,100	02/25	0.17 mi	-	2	Flat
£2,900	03/24	0.17 mi	Wendon Street, Tower Hamlets, London, E3	2	Flat
£2,500	03/24	0.17 mi	-	2	Flat
£2,362	03/24	0.19 mi	Fabian Bell Tower, Bow E3	2	Flat
£2,301	05/24	0.19 mi	Pancras Way, E3	2	Flat
£2,300	02/24	0.2 mi	-	2	Flat
£2,400	04/24	0.21 mi	Altius Apartments, 714 Wick Lane, London, E3 2PZ	2	Flat
£2,300	12/24	0.21 mi	-	2	Flat
£2,000	04/24	0.21 mi	John Bell Tower, Heart Of Bow, E3	2	Flat
£1,800	05/24	0.22 mi	Edward Heylyn House, London, E3	2	Flat
£1,750	05/24	0.22 mi	-	2	Flat
£4,000	04/24	0.22 mi	-	2	Flat
£2,400	04/24	0.22 mi	Iceni Court, Bow, E3	2	Flat
£2,201	03/24	0.23 mi	Douro Street, E3	2	Flat
£1,900	05/24	0.23 mi	Wick Lane, Bow, London, E3	2	Flat
£1,900	05/24	0.23 mi	-	2	Flat
£2,400	04/24	0.24 mi	Lefevre Walk, Bow, London, E3	2	Flat
£2,200	03/24	0.24 mi	Menai Place, Bow, London, E3	2	Flat
£2,232	05/24	0.25 mi	-	2	Flat
£2,200	03/24	0.25 mi	Menai Place, Bow, E3	2	Flat
£2,100	05/24	0.25 mi	Menai Place, Blondin Street, Bow, E3	2	Flat
£2,000	04/24	0.26 mi	Jodrell Road, London	2	Flat
£2,448	04/24	0.26 mi	-	2	Flat
£2,250	04/25	0.27 mi	-	2	Flat
£4,000	04/24	0.27 mi	-	2	Flat
£3,500	02/24	0.27 mi	-	2	Flat
£3,500	02/24	0.27 mi	-	2	Flat
£3,800	04/24	0.27 mi	-	2	Flat
£3,500	04/24	0.27 mi	-	2	Flat
£3,999	04/24	0.27 mi	-	2	Flat
£3,800	05/24	0.27 mi	-	2	Flat
£3,850	04/24	0.27 mi	-	2	Flat
£4,000	05/24	0.27 mi	-	2	Flat

Local Area Statistics

Population in E3	51,61851,618
Population in London	4,771,9214,771,921
Town centre distance	3.63 miles away3.63 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.40 miles away0.40 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+13%+13%
Sales demand	Buyer's marketBuyer's market
Capital growth (5yrs)	+1%+1%

Property History

Listed for £490,000

September 25, 2024

Floor Plans

Description

Located in newly developed residential area +
Close to fantastic amenities within walking distance +
Well mantained +
Private balcony +
2 large double bedrooms +
Kitchen with fitted appliances +
Large and modern open plan reception room +

Well maintained modern 2 bedroom flat offering 1 bathroom, charming open plan reception room/kitchen with fitte appliances leading to a private balcony overlooking a communal garden.

This fantastic property is located in newly developed residential area with access to fantastic amenities and within walking distance to the green open spaces of the Olympic park and Stratford station area.

Please use the reference CHPK3211796 when contacting Foxtons.

Agent Details

Foxtons, Bow

020 7123 8467

Next Steps?

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

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