2 Bed Flat, Single Let, Loughton, IG10 2RS, £200,000

9b Peterson Court, Loughton, Essex, IG10 2RS - 3 views - 6 months ago

Sold STC
Leasehold
Auction
BTL
ROI: 10%
~66 m²
+15 photos

ValuationUndervalued

Sold Prices£170K - £475K
Sold Prices/m²£2.3K/m² - £7.8K/m²

 

 

Square Metres

~66.40 m²
Price/m²£3K/m²

Value Estimate

£248,000
BMV24%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£50,000

Stamp Duty & Legal Fees

£7,200

Total Cash In

£57,200

 

 

Cash Out

 

Rent Range

£1,395 - £2,500

Rent Estimate

£1,429

Running Costs/mo

£931

Cashflow/mo

£498

Cashflow/yr

£5,978

ROI

10%

Gross Yield

9%

Local Sold Prices

50 sold prices from £170K to £475K, average is £320K. £2.3K/m² to £7.8K/m², average is £5.5K/m².

PriceDateDistanceAddressBeds 
£295K11/200.36 mi125, Pyrles Lane, Loughton, Essex IG10 2NH2
£285K11/210.46 mi82, Swanshope, Loughton, Essex IG10 2NB2
£285K12/200.46 mi83, Swans Hope, Loughton, Essex IG10 2NB2
£267.5K04/210.46 mi75, Swans Hope, Loughton, Essex IG10 2NB2
£475K06/210.48 mi45, Queens Road, Loughton, Essex IG10 1RR2
£455K02/210.48 mi21, Queens Road, Loughton, Essex IG10 1RR2
£335K09/220.6 mi18, York Hill, Loughton, Essex IG10 1RL2
£290K12/200.63 mi38, Borders Lane, Loughton, Essex IG10 3QU2
£265K03/210.7 mi297a, High Road, Loughton, Essex IG10 1AL2
£265K11/200.7 mi303a, High Road, Loughton, Essex IG10 1AL2
£265K03/210.7 mi297a, High Road, Loughton, Essex IG10 1AL2
£320K01/230.79 mi19, Bryony Close, Loughton, Essex IG10 3PG2
£295K05/230.79 mi20, Bryony Close, Loughton, Essex IG10 3PG2
£315K10/210.79 mi12, Bryony Close, Loughton, Essex IG10 3PG2
£305K06/210.8 mi52, School House Gardens, Loughton, Essex IG10 3PD2
£325K11/200.8 mi24, School House Gardens, Loughton, Essex IG10 3PD2
£255K01/211.06 mi84, Longcroft Rise, Loughton, Essex IG10 3ND2
£170K11/201.06 mi86, Longcroft Rise, Loughton, Essex IG10 3ND2
£291.5K12/221.07 mi53, Longcroft Rise, Loughton, Essex IG10 3ND2
£280K12/201.07 mi31, Barncroft Road, Loughton, Essex IG10 3EY2
£323K04/211.07 mi4, Barncroft Road, Loughton, Essex IG10 3EY2
£305K04/211.07 mi11, Barncroft Road, Loughton, Essex IG10 3EY2
£340K12/221.07 mi31, Barncroft Road, Loughton, Essex IG10 3EY2
£310K02/211.07 mi22, Barncroft Road, Loughton, Essex IG10 3EY2
£241K11/201.15 mi133, Highwood Lane, Loughton, Essex IG10 3LY2
£218K06/231.15 mi154, Highwood Lane, Loughton, Essex IG10 3LY2
£320K01/211.17 mi134, River Way, Loughton, Essex IG10 3LL2
£317.5K10/201.17 mi126, River Way, Loughton, Essex IG10 3LL2
£250K09/211.18 mi98, Highwood Lane, Loughton, Essex IG10 3LX2
£232K06/231.18 mi106, Highwood Lane, Loughton, Essex IG10 3LX2
£343K02/211.19 mi109, River Way, Loughton, Essex IG10 3LN2
£283K06/211.19 mi99, River Way, Loughton, Essex IG10 3LN2
£350K06/211.19 mi145, River Way, Loughton, Essex IG10 3LN2
£370K01/211.2 mi10, Meadow Road, Loughton, Essex IG10 4HX2
£462.5K06/211.27 miFlat 13, Collins Court, Lower Park Road, Loughton, Essex IG10 4NL2
£419.5K01/211.27 mi3a, Lower Park Road, Loughton, Essex IG10 4NB2
£360K06/211.3 miFlat 41, Carlton House, Algers Road, Loughton, Essex IG10 4RS2
£395K11/201.3 miFlat 51, Carlton House, Algers Road, Loughton, Essex IG10 4RS2
£335K09/211.3 mi24, Valley Close, Loughton, Essex IG10 3AB2
£370K07/231.3 mi3, Valley Close, Loughton, Essex IG10 3AB2
£400K02/231.33 mi7, Algers Road, Loughton, Essex IG10 4NQ2
£410K03/231.34 mi1, Algers Mead, Loughton, Essex IG10 4NJ2
£415K02/231.35 mi18, Algers Close, Loughton, Essex IG10 4NH2
£385K06/211.35 mi6, Algers Close, Loughton, Essex IG10 4NH2
£395K07/231.36 mi90, Lower Park Road, Loughton, Essex IG10 4NE2
£310K03/211.44 mi35, Cheltenham Gardens, Loughton, Essex IG10 3AW2
£340K12/201.57 mi5, Avondale Close, Loughton, Essex IG10 3DH2
£360K06/211.72 miFlat 27, Hubbard Court, Valley Hill, Loughton, Essex IG10 3BH2
£342K01/211.72 miFlat 15, Hubbard Court, Valley Hill, Loughton, Essex IG10 3BH2
£342K06/211.72 miFlat 35, Hubbard Court, Valley Hill, Loughton, Essex IG10 3BH2

Local Rents

29 rents from £1.4K/mo to £2.5K/mo, average is £1.8K/mo.

RentDateDistanceAddressBeds 
£1,50004/240.04 miGoldings Hill, Loughton2
£1,60005/240.05 miLoughton, IG102
£1,39501/240.06 miGoldings Hill, Loughton, Essex, IG102
£1,45004/240.06 miMilliners Court, Loughton2
£1,95004/240.09 miLower Road, Loughton, IG102
£1,79904/240.13 mi-2
£1,79912/240.13 mi-2
£2,00004/240.21 miLoughton, IG102
£1,80004/240.42 miChurch Lane, Loughton, IG102
£1,50006/240.42 miDroveway Close, Loughton, IG102
£1,60005/240.42 mi4, Droveway, Loughton, Essex, IG102
£1,45006/240.42 miDroveway, Loughton, IG102
£1,60005/240.45 miChurch Hill, Loughton, Essex, IG102
£1,75005/240.45 miLawton Green, Loughton, IG102
£1,75005/240.45 mi-2
£1,85002/250.45 mi-2
£1,70004/240.46 miSycamore Close, Loughton, IG102
£1,70003/250.47 mi-2
£1,70003/250.53 mi-2
£1,90004/240.53 miBurney Drive, Loughton, IG102
£1,79504/240.54 miMonroe House, 12-16 Church Hill, Loughton, IG102
£1,79504/240.55 miMonroe House Loughton2
£1,80005/240.57 miAbbess Terrace, Loughton, IG102
£1,70005/240.58 miAbbess Terrace, Loughton2
£1,85004/240.59 miLuna Court, Loughton2
£1,75004/240.6 miLuna Court, Newmans Lane, Loughton, IG102
£2,50004/240.61 miBorders Lane, Loughton2
£2,35004/240.62 miBorders Lane, Loughton2
£1,50004/240.62 miYork Crescent, Loughton2

Local Area Statistics

Population in IG10

31,513

Population in Loughton

31,515

Town centre distance

0.72 miles away

Nearest school

0.20 miles away

Nearest train station

1.06 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-3%

Sales demand

Balanced market

Capital growth (5yrs)

+11%

Property History

Listed for £200,000

October 21, 2024

Floor Plans

Description

  • Immediate 'exchange of contracts' available +
  • Sold via 'Secure Sale' +
  • TOP FLOOR +
  • TWO BEDS +
  • ONE RECEPTION +
  • KITCHEN/BREAKFAST ROOM +
  • BATHROOM +

Being Sold via Secure Sale online bidding. Terms & Conditions apply. Starting Bid £220,000. This property will be legally prepared enabling any interested buyer to secure the property immediately once their bid/offer has been accepted. Ultimately a transparent process which provides speed, security and certainty for all parties.
Auctioneers Additional Comments
Pattinson Auction are working in Partnership with the marketing agent on this online auction sale and are referred to below as 'The Auctioneer'.

This auction lot is being sold either under conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with the marketing agent.

The property is available to be viewed strictly by appointment only via the Marketing Agent or The Auctioneer. Bids can be made via the Marketing Agents or via The Auctioneers website.

Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between both any marketing agent and The Auctioneer in order that all matters can be dealt with effectively.

The property is being sold via a transparent online auction.
In order to submit a bid upon any property being marketed by The Auctioneer, all bidders/buyers will be required to adhere to a verification of identity process in accordance with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere.
Our verification process is in place to ensure that AML procedure are carried out in accordance with the law.

A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers? obligations and sellers? commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.

Auctioneers Addition

Agent Details

Edward Taub & Co, Buckhurst Hill - Sales

020 3910 6700

Next Steps?

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