2 Bed Flat, Single Let, London, E7 8BA, £200,000

Woodgrange Road, London, E7 8BA - 3 views - 6 months ago

Leasehold

BTL

ROI: 14%

~68 m²

+2 photos

ValuationUndervalued

Sold Prices	£175K - £442.5K
Sold Prices/m²	£2.6K/m² - £8.8K/m²

Square Metres	~68.11 m²
Price/m²	£2.9K/m²
Value Estimate	£244,000£244,000
BMV	22%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£50,000£50,000
Stamp Duty & Legal Fees	£7,200£7,200
Total Cash In	£57,200£57,200

Cash Out
Rent Range	£1,450 - £2,800£1,450 - £2,800
Rent Estimate	£1,638
Running Costs/mo	£973£973
Cashflow/mo	£665£665
Cashflow/yr	£7,985£7,985
ROI	14%14%
Gross Yield	10%10%

Local Sold Prices

50 sold prices from £175K to £442.5K, average is £352.8K. £2.6K/m² to £8.8K/m², average is £5.5K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£432.5K	01/21	0.13 mi	108, Earlham Grove, London, Greater London E7 9AS	£5,088	85	2	Flat
£360K	06/21	0.15 mi	29, Osborne Road, Forest Gate, London, Greater London E7 0PJ	£6,102	59	2	Flat
£442.5K	04/21	0.16 mi	93, Clova Road, London, Greater London E7 9AG	£5,304	83	2	Flat
£310K	05/23	0.25 mi	44, Moore Walk, London, Greater London E7 0HY	£4,189	74	2	Flat
£432.5K	06/21	0.28 mi	39a, Avenue Road, London, Greater London E7 0LA	-	-	2	Flat
£375K	12/22	0.32 mi	9c, Macdonald Road, London, Greater London E7 0HE	-	-	2	Flat
£365K	02/23	0.36 mi	47a, Earlham Grove, London, Greater London E7 9AN	£4,740	77	2	Flat
£360K	12/20	0.37 mi	112a, Hampton Road, London, Greater London E7 0NU	-	-	2	Flat
£357.5K	06/21	0.43 mi	Ground Floor Flat, 18, St Georges Road, London, Greater London E7 8HY	£6,272	57	2	Flat
£325K	02/23	0.43 mi	28, Knox Road, London, Greater London E7 9HW	£6,771	48	2	Flat
£353K	07/23	0.45 mi	177a, Ham Park Road, London, Greater London E7 9LG	£5,439	65	2	Flat
£320K	08/22	0.46 mi	2a, Stork Road, London, Greater London E7 9HR	£8,421	38	2	Flat
£286K	07/21	0.46 mi	15, St Georges Road, London, Greater London E7 8HT	£3,967	72	2	Flat
£240.5K	06/21	0.49 mi	552, Katherine Road, London, Greater London E7 8EA	£2,969	81	2	Flat
£310K	12/22	0.51 mi	522a, Katherine Road, London, Greater London E7 8EA	£5,167	60	2	Flat
£406K	02/21	0.52 mi	4a, Bolton Road, London, Greater London E15 4JY	£6,548	62	2	Flat
£320K	12/22	0.53 mi	3, Globe Road, London, Greater London E15 1RF	-	-	2	Flat
£412K	08/22	0.55 mi	130b, Claremont Road, London, Greater London E7 0PX	-	-	2	Flat
£292K	06/21	0.56 mi	55a, Birchdale Road, London, Greater London E7 8AS	-	-	2	Flat
£225K	02/21	0.56 mi	13a, Birchdale Road, London, Greater London E7 8AS	-	-	2	Flat
£362K	11/21	0.56 mi	108, Dames Road, London, Greater London E7 0EB	-	-	2	Flat
£417K	03/23	0.56 mi	186, Dames Road, London, Greater London E7 0EB	£6,299	66	2	Flat
£410K	09/21	0.56 mi	78, Ridley Road, London, Greater London E7 0LT	£8,200	50	2	Flat
£410K	09/21	0.56 mi	78, Ridley Road, London, Greater London E7 0LT	£8,200	50	2	Flat
£360K	12/20	0.58 mi	75, Sidney Road, London, Greater London E7 0ED	£5,212	69	2	Flat
£380K	01/23	0.58 mi	142, Windsor Road, London, Greater London E7 0RB	£6,007	63	2	Flat
£380K	06/21	0.59 mi	55b, Carnarvon Road, London, Greater London E15 4JW	£8,837	43	2	Flat
£200K	03/23	0.6 mi	25, Carroll Close, London, Greater London E15 1RS	£2,597	77	2	Flat
£265K	02/23	0.6 mi	28, Carroll Close, London, Greater London E15 1RS	£3,487	76	2	Flat
£375K	03/23	0.62 mi	19, Gawsworth Close, London, Greater London E15 1RT	£4,213	89	2	Flat
£425K	06/21	0.63 mi	78, Capel Road, London, Greater London E7 0JR	£6,967	61	2	Flat
£332.5K	05/21	0.65 mi	39, Hatfield Road, London, Greater London E15 1RA	£6,045	55	2	Flat
£410K	01/23	0.67 mi	61b, Albert Square, London, Greater London E15 1HJ	-	-	2	Flat
£325K	03/21	0.68 mi	116a, Neville Road, London, Greater London E7 9QT	£5,508	59	2	Flat
£360K	11/20	0.69 mi	227a, Neville Road, London, Greater London E7 9QL	£6,667	54	2	Flat
£310K	12/20	0.69 mi	209a, Neville Road, London, Greater London E7 9QL	-	-	2	Flat
£215K	10/21	0.71 mi	239a, Ramsay Road, London, Greater London E7 9EX	-	-	2	Flat
£310K	11/22	0.73 mi	15, Saints Drive, London, Greater London E7 0RF	£5,448	57	2	Flat
£235K	08/22	0.73 mi	First Floor Flat, 14, Stafford Road, London, Greater London E7 8NN	-	-	2	Flat
£370K	01/23	0.77 mi	16, Gwendoline Avenue, London, Greater London E13 0RF	£6,167	60	2	Flat
£352.5K	11/20	0.78 mi	44, Claude Road, London, Greater London E13 0QB	£5,279	67	2	Flat
£295K	09/22	0.78 mi	Flat 1, Fry House, St Stephens Road, London, Greater London E6 1AL	-	-	2	Flat
£324K	01/23	0.79 mi	23, Janson Close, London, Greater London E15 1TF	£4,467	73	2	Flat
£175K	04/21	0.83 mi	198, Halley Road, London, Greater London E12 6UD	£3,500	50	2	Flat
£254K	06/21	0.83 mi	244, Halley Road, London, Greater London E12 6UD	£4,980	51	2	Flat
£275K	11/20	0.84 mi	270a, Strone Road, London, Greater London E12 6TP	£6,111	45	2	Flat
£345K	06/21	0.86 mi	24, Park Road, London, Greater London E15 3QP	£5,476	63	2	Flat
£305K	04/23	0.89 mi	100b, Portway, London, Greater London E15 3QJ	£6,100	50	2	Flat
£435K	07/21	0.89 mi	Flat A, 100, Selby Road, London, Greater London E11 3LR	-	-	2	Flat
£355K	10/21	0.9 mi	57, Selwyn Road, London, Greater London E13 0PY	-	-	2	Flat

Local Rents

50 rents from £1.4K/mo to £2.8K/mo, average is £1.9K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,900	03/24	0.04 mi	-	2	Flat
£1,800	12/24	0.05 mi	-	2	Flat
£2,000	12/24	0.12 mi	-	2	Flat
£2,000	12/24	0.12 mi	-	2	Flat
£1,600	05/24	0.12 mi	Ralph jackson House	2	Flat
£1,850	03/24	0.13 mi	-	2	Flat
£1,850	04/24	0.13 mi	Earlham Grove, London, E7	2	Flat
£2,200	03/25	0.16 mi	-	2	Terraced House
£1,825	03/24	0.18 mi	Earlham Grove, London, E7	2	Flat
£1,800	10/23	0.18 mi	Sebert Road, London, E7	2	Flat
£2,250	01/25	0.19 mi	-	2	Flat
£1,900	05/24	0.2 mi	Sprowston Mews, Forest Gate, London, E7	2	Flat
£2,040	02/24	0.27 mi	-	2	Flat
£2,210	04/24	0.27 mi	-	2	Flat
£2,210	04/24	0.27 mi	Emily Duncan Place, London, E7	2	Flat
£1,950	04/25	0.28 mi	-	2	Flat
£2,100	02/25	0.3 mi	-	2	Flat
£2,200	04/24	0.3 mi	19 Atherton Mews, London	2	Flat
£1,600	03/24	0.32 mi	Green Street, London	2	Flat
£2,000	04/25	0.32 mi	-	2	Flat
£1,800	04/25	0.33 mi	-	2	Flat
£1,750	05/24	0.34 mi	Station Road , E7	2	Semi-Detached House
£1,750	05/24	0.34 mi	Station Road , E7	2	Semi-Detached House
£1,650	04/24	0.35 mi	Windsor Road, London, E7	2	Flat
£2,800	04/24	0.36 mi	-	2	Flat
£1,450	03/25	0.36 mi	-	2	Flat
£2,000	04/24	0.37 mi	Bignold Road \| Forest Gate \| E7	2	Flat
£2,000	04/24	0.37 mi	Bignold Road \| Forest Gate \| E7	2	Flat
£1,700	04/24	0.37 mi	Radlett Close, Stratford, E7	2	Flat
£1,700	05/24	0.37 mi	Radlett Close, Stratford, E7	2	Flat
£1,650	05/24	0.38 mi	Radlett Close, Forest Gate, London, E7	2	Flat
£1,885	05/24	0.38 mi	Bignold Road, London	2	Flat
£1,725	04/24	0.38 mi	Forest Gate	2	Flat
£1,750	03/24	0.38 mi	Magpie Close, Forest Gate, E7	2	Flat
£2,000	02/24	0.39 mi	-	2	Flat
£1,725	04/24	0.4 mi	Cranmer Road, Forest Gate, London, E7	2	Flat
£2,000	03/24	0.42 mi	Eric Road, London	2	Flat
£1,695	02/24	0.42 mi	-	2	Flat
£1,695	02/24	0.42 mi	-	2	Flat
£1,695	02/24	0.42 mi	-	2	Flat
£1,760	04/25	0.44 mi	-	2	Flat
£1,800	04/24	0.46 mi	-	2	Flat
£1,900	03/25	0.46 mi	-	2	Flat
£1,900	04/25	0.46 mi	-	2	Flat
£1,950	02/25	0.48 mi	-	2	Flat
£1,850	02/24	0.5 mi	-	2	Flat
£1,800	03/24	0.5 mi	Stratford, London, E15	2	Flat
£1,840	04/24	0.5 mi	-	2	Flat
£1,950	01/25	0.5 mi	-	2	Flat
£1,800	03/24	0.51 mi	-	2	Flat

Local Area Statistics

Population in E7	54,56554,565
Population in London	4,771,9214,771,921
Town centre distance	5.78 miles away5.78 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.13 miles away0.13 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+6%+6%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+19%+19%

Property History

Listed for £200,000

October 24, 2024

Description

Shops and amenities nearby +
Close to public transport +
GREAT FTB +
Good Investment +
Chain free +

Introducing this exceptional two bedroom flat nestled in the heart of Woodgrange Road presenting a golden opportunity for first-time buyers and astute investors, boasting a prime location. The flat is chain-free, making it a hassle-free investment with a wealth of amenities and conveniences nearby, this property offers the perfect blend of comfort and accessibility.

Convenience is key, and this property epitomizes just that. Transportation is a breeze with the Forest Gate railway station at your door step, as well as the Forest Gate bus stop (0.41km) in close proximity. Nearby supermarkets such as Tesco (0.22km) and Co-op (0.47km) make grocery shopping a convenient affair, while a variety of dining options are available with walking distance, perfect for indulging in delightful meals.

Furthermore, the property is surrounded by an array of amenities, including the Wild Fighters Gym (0.33km), Happy Parents Happy Baby-Antenatal Classes (0.52km), Woodgrange Pharmacy & Travel Clinic (0.43km), and the Forest Gate Community Garden (0.15km), offering the perfect balance of fitness, healthcare, and outdoor leisure activities.

For a touch of entertainment, the West Field Stratford shopping center (0.98km), Stratford Picture House cinema (1.7km), and Stratford Circus theatre (1.72km) are just a stones throw away, ensuring a vibrant lifestyle for residents.

Boasting a prime location and an array of nearby amenities, this property presents an exceptional opportunity for those seeking a comfortable and convenient lifestyle. Dont miss out on this fantastic investment!

Agent Details

Woodland, Ilford

020 8554 5544

Next Steps?

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

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ValuationUndervalued

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Local Area Statistics

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Description

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