2 Bed Flat, Single Let, London, E4 9AD, £260,000

Lockwood Place, Chingford, E4 9AD - 4 months ago

Leasehold
Auction
BTL
ROI: 6%
~68 m²
+5 photos

ValuationUndervalued

Sold Prices£170K - £524.5K
Sold Prices/m²£3.4K/m² - £11.3K/m²

 

 

Square Metres

~68.11 m²
Price/m²£3.8K/m²

Value Estimate

£314,600
BMV21%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£65,000

Stamp Duty & Legal Fees

£14,700

Total Cash In

£79,700

 

 

Cash Out

 

Rent Range

£1,500 - £2,550

Rent Estimate

£1,500

Running Costs/mo

£1,133

Cashflow/mo

£368

Cashflow/yr

£4,410

ROI

6%

Gross Yield

7%

Local Sold Prices

48 sold prices from £170K to £524.5K, average is £322.5K. £3.4K/m² to £11.3K/m², average is £6K/m².

PriceDateDistanceAddressBeds 
£311K03/210 mi12, Chingford Mount Road, London, Greater London E4 9AB2
£255K02/210.07 mi32, Lockwood Place, London, Greater London E4 9AD2
£325K07/230.1 mi59, Frances Road, London, Greater London E4 9DL2
£300K01/210.18 mi55, Sinclair Road, London, Greater London E4 8PH2
£308K08/210.23 mi52b, Sinclair Road, London, Greater London E4 8PW2
£260K04/210.29 mi30, Kingsley Gardens, London, Greater London E4 8JS2
£280K09/210.29 mi26, Kingsley Gardens, London, Greater London E4 8JS2
£303K12/200.32 mi27, Beaufort Close, London, Greater London E4 9XF2
£303K12/200.32 mi27, Beaufort Close, London, Greater London E4 9XF2
£287K07/230.38 miFlat 12, Morley Court, Sinclair Road, London, Greater London E4 8QR2
£320K09/210.42 mi126, Hampton Road, London, Greater London E4 8NR2
£405K12/220.49 mi152a, Selwyn Avenue, London, Greater London E4 9LS2
£303.5K06/210.53 mi3, Hall Gardens, London, Greater London E4 8HR2
£310K12/200.53 mi9, Hall Gardens, London, Greater London E4 8HR2
£330K06/230.53 mi1, Hall Gardens, London, Greater London E4 8HR2
£235K10/200.59 mi25, Cherrydown Avenue, London, Greater London E4 8DP2
£268K06/210.63 mi52a, Old Church Road, London, Greater London E4 8DB2
£325K04/210.64 miFirst Floor Flat, 33, Cavendish Road, London, Greater London E4 9NQ2
£310K01/230.68 mi108b, New Road, London, Greater London E4 9SY2
£253K03/210.72 mi29, Mandeville Court, Chingford, London, Greater London E4 8JB2
£260K03/230.72 mi36, Mandeville Court, Chingford, London, Greater London E4 8JB2
£253K03/210.72 mi29, Mandeville Court, Chingford, London, Greater London E4 8JB2
£263K09/210.75 mi128, Mandeville Court, London, Greater London E4 8JD2
£400K09/200.75 mi31, Suffield Road, London, Greater London E4 9TA2
£317K04/210.75 mi26, Suffield Road, London, Greater London E4 9TA2
£434K12/200.81 mi321, Brettenham Road, London, Greater London E17 5AT2
£415K12/220.82 mi1, Richmond Avenue, Highams Park, London, Greater London E4 9RR2
£325K04/210.84 mi221, Brettenham Road, London, Greater London E17 5AX2
£349.5K04/230.84 mi51e, Handsworth Avenue, London, Greater London E4 9PF2
£420K12/200.84 mi278, Brettenham Road, London, Greater London E17 5AU2
£472K06/230.84 mi312, Brettenham Road, London, Greater London E17 5AU2
£435K08/210.86 mi266, Brettenham Road, London, Greater London E17 5AY2
£524.5K02/230.86 mi250, Brettenham Road, London, Greater London E17 5AY2
£341K01/210.87 mi8, Castle Avenue, London, Greater London E4 9QD2
£447.5K01/210.89 mi119, Brettenham Road, London, Greater London E17 5AZ2
£365K06/210.9 miFlat 10, Briarview Court, Handsworth Avenue, London, Greater London E4 9PQ2
£325K10/200.9 miFlat 1, Briarview Court, Handsworth Avenue, London, Greater London E4 9PQ2
£330K09/210.9 mi397a, Hale End Road, Woodford Green, Greater London IG8 9LL2
£478K06/210.92 mi36, Brettenham Road, London, Greater London E17 5BA2
£325K03/210.93 mi174, Hale End Road, Woodford Green, Greater London IG8 9LZ2
£344.5K03/230.93 mi13, Sky Peals Road, Woodford Green, Greater London IG8 9NE2
£328.1K02/230.94 miFlat 4, Larkswood Court, The Avenue, London, Greater London E4 9SF2
£365K01/230.95 miFlat 11, Larkswood Court, The Avenue, London, Greater London E4 9SF2
£170K02/230.95 mi32b, Brindwood Road, London, Greater London E4 8BD2
£295K09/200.96 mi86, Oak Hill, Woodford Green, Greater London IG8 9PE2
£280K01/210.99 miFlat 12, Phoenix Court, Chingford Avenue, Chingford, London, Greater London E4 6RH2
£285K05/210.99 miFlat 2, Phoenix Court, Chingford Avenue, Chingford, London, Greater London E4 6RH2
£485K11/211 mi222, Fleeming Road, London, Greater London E17 5EU2

Local Rents

48 rents from £1.5K/mo to £2.5K/mo, average is £1.7K/mo.

RentDateDistanceAddressBeds 
£1,55003/240.04 miChingford Mount Road, Chingford, E42
£1,70003/250.07 mi-2
£2,00005/240.08 miLockwood Place, Chingford, London, E42
£1,80003/240.08 miLockwood Place, Chingford, E42
£1,80003/250.09 mi-2
£1,80004/240.09 mi-2
£1,80003/240.09 mi-2
£1,80004/240.09 mi-2
£1,80004/240.09 mi-2
£1,80003/240.13 miWestward Road, London2
£1,70004/240.13 miEdward Avenue, Chingford E42
£1,80003/250.14 mi-2
£1,80003/250.14 mi-2
£1,80001/250.17 mi-2
£1,92503/240.2 mi-2
£1,50003/240.25 miChingford Mount Road Chingford, E42
£1,50003/240.25 miChingford Mount Road, Chingford, E42
£1,54503/240.29 miMarlborough Road, Chingford, E42
£1,55004/240.32 miBeaufort Close, London, E42
£1,50005/240.32 miBeaufort Close, Chingford, E42
£1,65003/240.35 mi-2
£1,60004/240.35 mi-2
£1,55004/240.35 mi-2
£1,65002/250.35 mi-2
£1,60002/250.35 mi-2
£1,55003/240.35 miPoplar Court, London, E42
£1,55003/250.35 mi-2
£1,60004/240.37 mi-2
£1,60003/240.37 miHawthorn Court, London, E42
£2,45001/250.41 mi-2
£1,89803/240.47 mi246 Chingford Mount Road, London, E4 8JL2
£1,80001/250.47 mi-2
£1,60005/240.51 miSinclair Road, London, E42
£1,80003/240.53 miHall Gardens, London, E42
£1,90005/240.55 miHighams Park2
£1,75005/240.55 miJacks Farm Way, Highams Park2
£1,60005/240.55 miInks Green, Chingford, London, E42
£2,55001/250.55 mi-2
£1,60003/240.56 miWestward Road, London2
£1,75012/240.57 mi-2
£1,50003/240.58 miWadham Avenue, Walthamstow, London, E172
£1,79512/240.58 mi-2
£1,70002/250.58 mi-2
£1,55003/240.59 miCherrydown Avenue, London, E42
£1,70003/240.59 miAlbany Court, CHINGFORD, E42
£2,10004/240.61 miHaldan Road, Highams Park2
£2,20004/240.61 miJacks Farm Way, London, E42
£2,30005/240.61 mi-2

Local Area Statistics

Population in E4

60,225

Population in London

4,771,921

Town centre distance

6.79 miles away

Nearest school

0.30 miles away

Nearest train station

0.74 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+13%

Sales demand

Seller's market

Capital growth (5yrs)

+26%

Property History

Price changed to £260,000

March 4, 2025

Price changed to £300,000

January 19, 2025

Listed for £325,000

November 13, 2024

Floor Plans

Description

  • Buyers Fees apply - see brochure for details +
  • Modern first floor apartment +
  • Long lease +
  • Open plan kitchen/diner +
  • Close to local amenities +
  • For Sale by Modern Auction - T&Cs apply +
  • Subject to an undisclosed reserve price +

Douglas Allen are pleased to offer for sale this two double bedroom purpose-built apartment located in the heart of Chingford. Featuring good sized rooms, Lockwood Place would make the ideal first time purchase. This property is for sale by the Modern Method of Auction. Should you view, offer or bid on the property, your information will be shared with the Auctioneer, iamsold.

Room sizes:

  • Lounge/Diner: 13'8 x 11'1 (4.17m x 3.38m)
  • Kitchen: 9'7 x 6'6 (2.92m x 1.98m)
  • Bedroom 1: 12'8 x 9'7 (3.86m x 2.92m)
  • Shower En Suite
  • Bedroom 2: 11'2 x 10'4 (3.41m x 3.15m)
  • Bathroom
  • Balcony
  • Allocated Parking Space  
    AUCTIONEER'S COMMENTS This property is for sale by the Modern Method of Auction. Should you view, offer or bid on the property, your information will be shared with the Auctioneer, iamsold. This method of auction requires both parties to complete the transaction within 56 days of the draft contract for sale being received by the buyers solicitor. This additional time allows buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey). The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee, this being 4.2% of the purchase price including VAT, subject to a minimum of £6,000.00 including VAT. The Reservation Fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability. Buyers will be required to go through an identification verification process with iamsold and provide proof of how the purchase would be funded. This property has a Buyer Information Pack which is a collection of documents in relation to the property. The documents may not tell you everything you need to know about the property, so you are required to complete your own due diligence before bidding. A sample copy of the Reservation Agreement and terms and conditions are also contained within this pack. The buyer will also make payment of £349 including VAT towards the preparation cost of the pack, where it has been provided by iamsold. The property is subject to an undisclosed Reserve Price with both the Reserve Price and Starting Bid being subject to change. The seller can instruct iamsold to agree a sale without a bidding process taking place or prior to a closing date. No further bids can be accepted after a buyer has paid a Reservation Fee REFERRAL ARRANGEMENTS Douglas Allen and Auctioneer may recommend the services of third parties to you. Whilst these services are recommended as it is believed they will be of benefit; you are under no obligation to use any of these services and you should always consider your options before services are accepted. Where services are accepted the Auctioneer or Douglas Allen may receive payment for the recommendation and you will be informed of any referral arrangement and payment prior to any services being taken by you. TO VIEW OR MAKE A BID - Contact Douglas Allen _
     
    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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