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

Forest View Road, Manor Park, London, E12 5HU - 6 months ago

Sold STC
Leasehold
BTL
ROI: 4%
~68 m²
+12 photos

ValuationUndervalued

Sold Prices£129K - £515K
Sold Prices/m²£2.3K/m² - £8.2K/m²

 

 

Square Metres

~68.11 m²
Price/m²£4.4K/m²

Value Estimate

£354,894
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

£1,538

Running Costs/mo

£1,265

Cashflow/mo

£273

Cashflow/yr

£3,275

ROI

4%

Gross Yield

6%

Local Sold Prices

50 sold prices from £129K to £515K, average is £310K. £2.3K/m² to £8.2K/m², average is £5.2K/m².

PriceDateDistanceAddressBeds 
£283K11/220 mi83, Forest View Road, London, Greater London E12 5HU2
£350K03/210.12 mi43a, Carlyle Road, London, Greater London E12 6BL2
£413.1K06/210.17 mi22, Forest Drive, London, Greater London E12 5DF2
£322.5K03/210.17 mi9, Forest Drive, London, Greater London E12 5DF2
£220K01/210.3 mi52, Snowshill Road, London, Greater London E12 6BB2
£320K08/220.42 mi134, Queensberry Place, London, Greater London E12 6UW2
£307.5K03/210.42 mi132, Queensberry Place, London, Greater London E12 6UW2
£330K09/220.42 mi104, Queensberry Place, London, Greater London E12 6UW2
£305K01/210.42 mi115, Queensberry Place, London, Greater London E12 6UW2
£312K02/210.42 mi127, Queensberry Place, London, Greater London E12 6UW2
£300K05/230.42 mi107, Queensberry Place, London, Greater London E12 6UW2
£325K12/220.42 mi97, Queensberry Place, London, Greater London E12 6UW2
£315K08/220.43 mi69, Queensberry Place, London, Greater London E12 6UN2
£311.5K06/210.44 mi1, Queensberry Place, London, Greater London E12 6UN2
£297K03/230.44 mi41, Queensberry Place, London, Greater London E12 6UN2
£317K04/210.44 mi14, Queensberry Place, London, Greater London E12 6UN2
£295K08/220.45 mi86b, Sheringham Avenue, London, Greater London E12 5PE2
£310K11/220.47 mi15, Saints Drive, London, Greater London E7 0RF2
£245K11/220.48 miFlat 46, Charlbury House, Grantham Road, Manor Park, London, Greater London E12 5NR2
£320K07/220.51 miFlat A, 202, Sheringham Avenue, London, Greater London E12 5PQ2
£129K04/230.54 mi1027, Romford Road, Manor Park, London, Greater London E12 5LH2
£175K04/210.61 mi198, Halley Road, London, Greater London E12 6UD2
£254K06/210.61 mi244, Halley Road, London, Greater London E12 6UD2
£380K01/230.61 mi142, Windsor Road, London, Greater London E7 0RB2
£412K08/220.63 mi130b, Claremont Road, London, Greater London E7 0PX2
£330K07/220.64 miFlat, 42b, Essex Road, London, Greater London E12 6RE2
£410K09/210.64 mi78, Ridley Road, London, Greater London E7 0LT2
£410K09/210.64 mi78, Ridley Road, London, Greater London E7 0LT2
£310K01/230.66 mi162, Empress Avenue, London, Greater London E12 5HW2
£249K12/220.67 mi178, Empress Avenue, London, Greater London E12 5HW2
£295K06/210.68 mi168a, Shakespeare Crescent, London, Greater London E12 6NB2
£296.8K06/230.69 mi171, Gainsborough Avenue, London, Greater London E12 6JN2
£275K11/200.69 mi270a, Strone Road, London, Greater London E12 6TP2
£295K12/200.69 mi16a, Chesterford Road, London, Greater London E12 6LB2
£292K06/210.71 mi55a, Birchdale Road, London, Greater London E7 8AS2
£225K02/210.71 mi13a, Birchdale Road, London, Greater London E7 8AS2
£425K06/210.71 mi78, Capel Road, London, Greater London E7 0JR2
£240.5K06/210.76 mi552, Katherine Road, London, Greater London E7 8EA2
£310K12/220.77 mi522a, Katherine Road, London, Greater London E7 8EA2
£280K01/210.77 mi78a, Devere Gardens, Ilford, Greater London IG1 3EE2
£360K03/210.77 mi40c, York Road, Ilford, Greater London IG1 3AF2
£360K12/200.79 mi112a, Hampton Road, London, Greater London E7 0NU2
£400K06/210.82 mi24, Barrington Road, London, Greater London E12 6JH2
£240K02/210.84 mi104, Riverdene Road, Ilford, Greater London IG1 2EB2
£450K09/220.86 miFirst Floor Maisonette, 80, Dover Road, London, Greater London E12 5EA2
£515K05/210.88 mi115, Northbrook Road, Ilford, Greater London IG1 3BL2
£310K10/220.88 mi6, Lowbrook Road, Ilford, Greater London IG1 2HD2
£207.5K06/210.9 mi56, Pretoria Road, Ilford, Greater London IG1 2HW2
£247K05/210.9 mi26, Lowbrook Road, Ilford, Greater London IG1 2HB2
£295K12/200.92 mi45b, Endsleigh Gardens, Ilford, Greater London IG1 3EQ2

Local Rents

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

RentDateDistanceAddressBeds 
£1,75002/250.14 mi-2
£1,80004/250.15 mi-2
£1,80005/240.16 mi-2
£1,70005/240.16 mi-2
£1,70005/240.16 miGround Floor, London, E122
£1,75004/240.17 miWashington Avenue, London, E122
£1,80005/240.17 mi-2
£1,75003/240.19 mi-2
£1,80005/240.2 mi-2
£1,65004/250.21 mi-2
£1,72505/240.22 mi-2
£1,60004/250.22 mi-2
£1,90005/240.28 miManor Park, London, E122
£1,90005/240.33 miRomford Road, Manor Park, London, E122
£1,75004/240.34 miSalisbury Road2
£1,70004/240.34 miManor Park, London, E122
£1,70004/240.34 mi-2
£1,75001/250.36 mi-2
£1,85003/240.37 miThird Avenue, London, E122
£1,50001/250.4 mi-2
£2,15003/250.41 mi-2
£1,70004/250.41 mi-2
£1,65003/240.41 miRomford Road, London, E122
£1,80001/250.43 mi-2
£2,00002/250.43 mi-2
£2,05001/250.43 mi-2
£1,95004/250.43 mi-2
£2,20003/250.44 mi-2
£1,80004/250.45 mi-2
£1,80004/250.45 mi-2
£1,95012/240.46 mi-2
£1,85002/250.46 mi-2
£1,65003/240.5 miSherrard Road, E122
£1,70004/250.5 mi-2
£2,00001/250.5 mi-2
£1,85001/250.52 mi-2
£1,69004/250.53 mi-2
£1,60005/240.54 miSheridan Road, London, E12 6QY2
£1,80004/240.54 mi-2
£2,10012/240.56 mi-2
£1,50005/240.56 mi-2
£1,50003/250.57 mi-2
£1,69503/240.57 miChurch Road, Manor Park, E122
£1,45003/250.57 mi-2
£1,99003/250.58 mi-2
£1,90003/240.6 miSpringate House, Walton Road, London, E122
£2,20002/240.61 mi-2
£1,90002/240.61 mi-2
£2,00001/250.61 mi-2
£2,00003/250.61 mi-2

Local Area Statistics

Population in E12

41,869

Population in London

4,771,921

Town centre distance

6.93 miles away

Nearest school

0.30 miles away

Nearest train station

0.19 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

November 1, 2024

Floor Plans

Description

  • Opposite Wanstead Flats +
  • Within a few minute's walk of Manor Park station +
  • Ample internal/external storage +
  • No onward chain +
  • Flexible viewing times +

Location,Location,Location. This first floor purpose built flat is located in an enviable location overlooking Wanstead Flats recreation area but also within a short walking distance of Manor Park Elizabeth Line Station. Shopping facilities and bus services on Romford Road are also very close to hand.

This is a CHAIN FREE property and would ideally suit first time buyers or buy to let investors. The accommodation comprises of 2 double bedrooms, bathroom/wc, good sized fitted kitchen and lounge with windows overlooking Wanstead Flats. There is a communal garden area and plenty of storage.

HIghly recommended, view early to avoid disappointment.

Agent Details

Bairstow Eves, East Ham

020 3872 3729

Next Steps?

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