3 Bed Terraced House, Refurb/BRRR, London, E4 9BN, £550,000

Ainslie Wood Gardens, Chingford, E4 9BN - 5 months ago

Sold STC
Refurb/BRRR
ROI: 1%
~93 m²
+5 photos

ValuationOvervalued

Sold Prices£426K - £686.3K
Sold Prices/m²£3.4K/m² - £7.7K/m²

 

 

Square Metres

~93 m²
Price/m²£5.9K/m²

Value Estimate

£493,469

 

 

End Value (After Refurb)

£530,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£137,500

Stamp Duty & Legal Fees

£43,700

Refurb Costs

£49,200

Bridging Loan Interest

£14,438

Total Cash In

£246,588

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£530,000

Mortgage (After Refinance)

£397,500

Mortgage LTV

75%

Cash Left In

£246,588

Equity

£132,500

Rent Range

£1,650 - £2,700

Rent Estimate

£2,244

Running Costs/mo

£2,125

Cashflow/mo

£119

Cashflow/yr

£1,427

ROI

1%

Gross Yield

5%

Local Sold Prices

50 sold prices from £426K to £686.3K, average is £485K. £3.4K/m² to £7.7K/m², average is £5.2K/m².

PriceDateDistanceAddressBeds 
£550K02/210.12 mi12, Palace View Road, London, Greater London E4 9EN3
£520K04/210.13 mi101, Larkswood Road, London, Greater London E4 9DU3
£545K06/210.14 mi9, Larkswood Road, London, Greater London E4 9DS3
£430K04/210.15 mi3, Acorn Close, London, Greater London E4 9DA3
£686.3K01/230.18 mi51, Ainslie Wood Road, London, Greater London E4 9BX3
£550K06/210.19 mi5, Normanshire Drive, London, Greater London E4 9HE3
£480K12/200.22 mi114, Normanshire Drive, London, Greater London E4 9HD3
£475K04/210.22 mi158, Normanshire Drive, London, Greater London E4 9HD3
£490K04/210.24 mi83, New Road, London, Greater London E4 9EX3
£560K06/210.24 mi58, New Road, London, Greater London E4 8ET3
£545K02/210.27 mi47, Cranston Gardens, London, Greater London E4 9BG3
£435K03/210.27 mi24, Royston Avenue, London, Greater London E4 9DF3
£673K01/230.27 mi9, Woodside Gardens, London, Greater London E4 9BE3
£457.5K05/230.28 mi3, Norton Close, London, Greater London E4 8LS3
£570K03/210.29 mi50, Inks Green, London, Greater London E4 9EL3
£570K03/210.29 mi12, Brook Crescent, London, Greater London E4 9EP3
£475K12/200.29 mi13, Brook Crescent, London, Greater London E4 9EP3
£565K06/210.29 mi70, Ropers Avenue, London, Greater London E4 9EQ3
£450K04/210.31 mi8, Edward Avenue, London, Greater London E4 9DN3
£480K04/230.34 mi11, Chivers Road, Chingford, London, Greater London E4 9TD3
£535K03/210.35 mi38, Coningsby Gardens, London, Greater London E4 9BD3
£660K07/220.35 mi24a, Templeton Avenue, London, Greater London E4 6SP3
£445K03/210.36 mi4, Hampton Road, London, Greater London E4 8NJ3
£502.5K06/210.36 mi63, Templeton Avenue, London, Greater London E4 6SS3
£482K05/230.38 mi33, Warwick Road, Chingford, London, Greater London E4 8NN3
£495K02/230.38 mi30, Tufton Road, London, Greater London E4 8LE3
£467.5K11/200.38 mi57, Tufton Road, London, Greater London E4 8LE3
£550K06/210.38 mi92, Marlborough Road, Chingford, London, Greater London E4 9AL3
£438K06/210.39 mi10, Westward Road, London, Greater London E4 8LX3
£485K01/230.39 mi33, Suffield Road, London, Greater London E4 9TA3
£592.8K02/230.39 mi92, Coningsby Gardens, London, Greater London E4 9BD3
£495K05/210.41 mi54, Mount Avenue, London, Greater London E4 6SY3
£426K04/210.41 mi27, Mount Avenue, London, Greater London E4 6SY3
£454K09/210.42 mi21, Bateman Road, London, Greater London E4 8ND3
£470K04/210.42 mi41, Bateman Road, London, Greater London E4 8ND3
£470K01/210.42 mi63, Bateman Road, London, Greater London E4 8ND3
£515K08/210.43 mi184, New Road, London, Greater London E4 9SJ3
£475K06/230.43 mi142, New Road, London, Greater London E4 9SJ3
£670K12/220.43 mi16, Tudor Road, London, Greater London E4 9AN3
£480K12/200.44 mi74, Hurst Avenue, London, Greater London E4 8DL3
£465K11/200.44 mi4, York Road, Chingford, London, Greater London E4 8QN3
£460K12/200.44 mi44, York Road, Chingford, London, Greater London E4 8QN3
£485K02/210.44 mi63, Sinclair Road, London, Greater London E4 8PW3
£455K06/210.44 mi48, Alpha Road, London, Greater London E4 6TB3
£545K07/230.44 mi65, Marlborough Road, Chingford, London, Greater London E4 9AJ3
£565K12/220.45 mi64, Harold Road, Chingford, London, Greater London E4 9SN3
£460K08/210.45 mi2, Village Close, London, Greater London E4 9HT3
£510K12/200.45 mi3, Leonard Road, London, Greater London E4 8NE3
£475K06/230.46 mi24, Marmion Avenue, London, Greater London E4 8EP3
£432K08/210.46 mi15, George Road, London, Greater London E4 8NF3

Local Rents

33 rents from £1.6K/mo to £2.7K/mo, average is £2.2K/mo.

RentDateDistanceAddressBeds 
£2,50003/240.12 miAinslie Wood Road, Chingford, E43
£1,95003/240.14 miLarkswood Road, Chingford, London. E4 9DS3
£2,20003/240.18 miNormanshire Drive, Chingford, E43
£2,00003/240.2 miAinslie wood Road, Chingford, E43
£2,70002/240.24 mi-3
£2,29504/240.28 miCranston Gardens, London3
£2,20003/240.28 miInks Green, Chingford3
£2,20004/240.28 miInks Green, Chingford3
£1,95003/240.31 miAlbert Avenue, Chingford3
£2,20003/250.31 mi-3
£1,90003/240.34 mi-3
£2,40003/250.35 mi-3
£2,35012/240.37 mi-3
£2,00004/240.42 mi-3
£2,60003/250.42 mi-3
£2,20003/240.42 miBateman Road, London, Greater London, E4 8ND3
£2,40001/250.43 mi-3
£2,20002/250.47 mi-3
£2,05003/250.48 mi-3
£2,40001/250.5 mi-3
£2,40001/250.5 mi-3
£2,40001/250.5 mi-3
£2,40001/250.5 mi-3
£1,65003/240.51 miBellamy Road, London, E43
£2,19903/250.51 mi-3
£2,45001/250.51 mi-3
£2,45001/250.51 mi-3
£2,20004/240.52 mi-3
£2,40012/240.54 mi-3
£2,20002/250.57 mi-3
£2,45005/240.58 miJacks Farm Way, Highams Park, E43
£1,85004/240.58 mi-3
£2,20003/240.59 miMiddleton Avenue, Chingford, E43

Local Area Statistics

Population in E4

60,225

Population in London

4,771,921

Town centre distance

7.15 miles away

Nearest school

0.20 miles away

Nearest train station

0.65 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+13%

Sales demand

Seller's market

Capital growth (5yrs)

+26%

Property History

Listed for £550,000

October 30, 2024

Floor Plans

Description

  • Large family home +
  • In need of modernisation +
  • Fantastic location +
  • Must be seen +
  • Chain free +
  • Close to transport links and Chingford Memorial Park +

This charming 1930s mid-terrace property, situated on Ainslie Wood Gardens in Chingford, offers a unique opportunity for those seeking a home to personalize and modernize. Featuring three spacious bedrooms, this home retains much of its original character and presents a versatile layout ready for renovation. To the rear, a garden extending over a hundred feet provides ample outdoor space, perfect for family gatherings or quiet retreats. Ideally located, the property is just a short distance from Chingford's vibrant selection of shops, bars, and restaurants, as well as convenient transport links, offering an excellent balance of tranquility and connectivity.

Room sizes:

  • Lounge: 14'1 x 12'1 (4.30m x 3.69m)
  • Dining Room: 14'0 x 10'2 (4.27m x 3.10m)
  • Kitchen: 10'9 x 7'5 (3.28m x 2.26m)
  • Bedroom 1: 14'2 x 10'1 (4.32m x 3.08m)
  • Bedroom 2: 11'2 x 10'2 (3.41m x 3.10m)
  • Bedroom 3: 6'8 x 6'3 (2.03m x 1.91m)
  • Bathroom
  • Garage
  • Rear Garden  
    The information provided about this property does not constitute or form part of an offer or contract, nor may it be regarded as representations. All interested parties must verify accuracy and your solicitor must verify tenure/lease information, fixtures & fittings and, where the property has been extended/converted, planning/building regulation consents. All dimensions are approximate and quoted for guidance only as are floor plans which are not to scale and their accuracy cannot be confirmed. Reference to appliances and/or services does not imply that they are necessarily in working order or fit for the purpose.
     
    We are pleased to offer our customers a range of additional services to help them with moving home. None of these services are obligatory and you are free to use service providers of your choice. Current regulations require all estate agents to inform their customers of the fees they earn for recommending third party services. If you choose to use a service provider recommended by Douglas Allen, details of all referral fees can be found at the link below. If you decide to use any of our services, please be assured that this will not increase the fees you pay to our service providers, which remain as quoted directly to you.

Agent Details

Douglas Allen, Covering Chingford

020 3835 6291

Next Steps?

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