2 Bed Flat, Single Let, London, E12 5PS, £300,000

Sixth Avenue, London, E12 5PS - 1 views - 6 months ago

Leasehold
BTL
ROI: 5%
~68 m²
+2 photos

ValuationUndervalued

Sold Prices£129K - £413.1K
Sold Prices/m²£2.3K/m² - £7.8K/m²

 

 

Square Metres

~68.11 m²
Price/m²£4.4K/m²

Value Estimate

£352,504
BMV18%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£75,000

Stamp Duty & Legal Fees

£12,700

Total Cash In

£87,700

 

 

Cash Out

 

Rent Range

£1,450 - £2,200

Rent Estimate

£1,650

Running Costs/mo

£1,288

Cashflow/mo

£363

Cashflow/yr

£4,350

ROI

5%

Gross Yield

7%

Local Sold Prices

50 sold prices from £129K to £413.1K, average is £295K. £2.3K/m² to £7.8K/m², average is £5.2K/m².

PriceDateDistanceAddressBeds 
£320K07/220.14 miFlat A, 202, Sheringham Avenue, London, Greater London E12 5PQ2
£295K08/220.17 mi86b, Sheringham Avenue, London, Greater London E12 5PE2
£245K11/220.31 miFlat 46, Charlbury House, Grantham Road, Manor Park, London, Greater London E12 5NR2
£296.8K06/230.32 mi171, Gainsborough Avenue, London, Greater London E12 6JN2
£295K12/200.36 mi16a, Chesterford Road, London, Greater London E12 6LB2
£220K01/210.37 mi52, Snowshill Road, London, Greater London E12 6BB2
£283K11/220.37 mi83, Forest View Road, London, Greater London E12 5HU2
£295K06/210.39 mi168a, Shakespeare Crescent, London, Greater London E12 6NB2
£129K04/230.4 mi1027, Romford Road, Manor Park, London, Greater London E12 5LH2
£350K03/210.41 mi43a, Carlyle Road, London, Greater London E12 6BL2
£320K08/220.46 mi134, Queensberry Place, London, Greater London E12 6UW2
£330K07/220.46 miFlat, 42b, Essex Road, London, Greater London E12 6RE2
£400K06/210.47 mi24, Barrington Road, London, Greater London E12 6JH2
£307.5K03/210.48 mi132, Queensberry Place, London, Greater London E12 6UW2
£330K09/220.48 mi104, Queensberry Place, London, Greater London E12 6UW2
£305K01/210.48 mi115, Queensberry Place, London, Greater London E12 6UW2
£312K02/210.48 mi127, Queensberry Place, London, Greater London E12 6UW2
£300K05/230.48 mi107, Queensberry Place, London, Greater London E12 6UW2
£325K12/220.5 mi97, Queensberry Place, London, Greater London E12 6UW2
£315K08/220.5 mi69, Queensberry Place, London, Greater London E12 6UN2
£413.1K06/210.52 mi22, Forest Drive, London, Greater London E12 5DF2
£322.5K03/210.52 mi9, Forest Drive, London, Greater London E12 5DF2
£311.5K06/210.53 mi1, Queensberry Place, London, Greater London E12 6UN2
£297K03/230.53 mi41, Queensberry Place, London, Greater London E12 6UN2
£317K04/210.53 mi14, Queensberry Place, London, Greater London E12 6UN2
£207.5K06/210.54 mi56, Pretoria Road, Ilford, Greater London IG1 2HW2
£240K02/210.57 mi104, Riverdene Road, Ilford, Greater London IG1 2EB2
£310K10/220.58 mi6, Lowbrook Road, Ilford, Greater London IG1 2HD2
£247K05/210.59 mi26, Lowbrook Road, Ilford, Greater London IG1 2HB2
£129K03/210.59 mi75, Lavender Place, Ilford, Greater London IG1 2BG2
£235K05/230.59 mi81, Lavender Place, Ilford, Greater London IG1 2BG2
£200K09/220.59 mi107, Lavender Place, Ilford, Greater London IG1 2BG2
£265K01/230.62 mi4 Vicarage Court, Baxter Road, Ilford, Greater London IG1 2HN2
£243K09/220.67 miFlat 14, Springfield Court, Forsythia Close, Ilford, Greater London IG1 2BN2
£175K04/210.68 mi198, Halley Road, London, Greater London E12 6UD2
£254K06/210.68 mi244, Halley Road, London, Greater London E12 6UD2
£360K03/210.68 mi40c, York Road, Ilford, Greater London IG1 3AF2
£280K06/230.68 mi62a, Leigh Road, London, Greater London E6 2AS2
£360K02/230.68 mi74, Leigh Road, London, Greater London E6 2AS2
£230K03/230.68 miFlat 23, Conifer Court, Bluebell Way, Ilford, Greater London IG1 2GZ2
£310K11/220.68 mi15, Saints Drive, London, Greater London E7 0RF2
£275K11/200.73 mi270a, Strone Road, London, Greater London E12 6TP2
£282K01/230.74 miFlat 12, Berberis Court, Hyacinth Close, Ilford, Greater London IG1 2FT2
£175K06/210.76 mi163, Gurney Close, Barking, Greater London IG11 8JZ2
£242K02/230.76 mi9, Lupin Crescent, Ilford, Greater London IG1 2JR2
£230K05/210.79 mi198, Burges Road, London, Greater London E6 2BS2
£240K12/220.8 mi85, Gurney Close, Barking, Greater London IG11 8JY2
£257K02/230.8 mi258, Gurney Close, Barking, Greater London IG11 8LB2
£252K01/230.81 mi269, Gurney Close, Barking, Greater London IG11 8LB2
£380K01/230.83 mi142, Windsor Road, London, Greater London E7 0RB2

Local Rents

50 rents from £1.4K/mo to £2.2K/mo, average is £1.8K/mo.

RentDateDistanceAddressBeds 
£2,00002/250.08 mi-2
£2,05001/250.08 mi-2
£1,90005/240.11 miManor Park, London, E122
£1,50001/250.11 mi-2
£1,95012/240.13 mi-2
£1,85002/250.13 mi-2
£2,20003/250.15 mi-2
£1,85003/240.16 miThird Avenue, London, E122
£1,69503/240.2 miChurch Road, Manor Park, E122
£1,60004/250.22 mi-2
£1,80004/250.23 mi-2
£1,72505/240.23 mi-2
£1,45003/250.23 mi-2
£1,70005/240.25 miGround Floor, London, E122
£1,70005/240.25 mi-2
£1,65003/240.27 miRomford Road, London, E122
£1,70004/240.27 miManor Park, London, E122
£1,70004/240.27 mi-2
£1,80005/240.28 mi-2
£1,80005/240.28 mi-2
£1,75004/240.28 miWashington Avenue, London, E122
£2,20002/240.29 mi-2
£1,90002/240.29 mi-2
£2,00001/250.29 mi-2
£2,00003/250.29 mi-2
£1,75002/250.3 mi-2
£1,90003/240.31 miSpringate House, Walton Road, London, E122
£1,60005/240.32 miSheridan Road, London, E12 6QY2
£1,75001/250.32 mi-2
£1,80005/240.32 mi-2
£1,50005/240.33 mi-2
£1,80001/250.35 mi-2
£1,75002/250.35 mi-2
£1,75004/250.35 mi-2
£1,75003/240.37 mi-2
£1,65003/240.4 mi-2
£2,10012/240.42 mi-2
£2,00001/250.43 mi-2
£2,20003/250.44 mi-2
£1,70004/250.48 mi-2
£1,75004/240.48 miSalisbury Road2
£2,00012/240.48 mi-2
£1,69004/250.49 mi-2
£1,99003/250.51 mi-2
£1,80001/250.51 mi-2
£1,90003/240.51 mi Browning Road, London, E12 6PB2
£1,50003/250.52 mi-2
£1,90005/240.52 miLondon, E122
£1,90005/240.53 miRomford Road, Manor Park, London, E122
£1,95004/250.53 mi-2

Local Area Statistics

Population in E12

41,869

Population in London

4,771,921

Town centre distance

7.19 miles away

Nearest school

0.10 miles away

Nearest train station

0.50 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+6%

Sales demand

Balanced market

Capital growth (5yrs)

+25%

Property History

Listed for £300,000

October 21, 2024

Floor Plans

Description

  • FIRST FLOOR CONVERSION +
  • DOUBLE BEDROOMS +
  • SHARE OF FREEHOLD +
  • CHAIN FREE +
  • OPEN PLAN LOUNGE/KITCHEN +
  • EXCELLENT LOCATION +

With no onward chain this would really suit a first time buyer looking for their first home. The bright and spacious rooms comes off a large split level hallway and this flat could be treated as a blank canvas to create your dream first home. Please call us to arrange your viewing at the upcoming Open House.

Agent Details

haart, East Ham

020 3835 6423

Next Steps?

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