3 Bed Flat, Single Let, London, E3 2JJ, £550,000

Wick Lane, Bow, London, E3 2JJ - 5 months ago

Leasehold

BTL

ROI: 2%

~106 m²

+14 photos

ValuationUndervalued

Sold Prices	£222K - £875K
Sold Prices/m²	£4.4K/m² - £7.5K/m²

Square Metres	~105.60 m²
Price/m²	£5.2K/m²
Value Estimate	£632,075£632,075
BMV	15%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£137,500£137,500
Stamp Duty & Legal Fees	£43,700£43,700
Total Cash In	£181,200£181,200

Cash Out
Rent Range	£2,500 - £3,900£2,500 - £3,900
Rent Estimate	£2,500
Running Costs/mo	£2,239£2,239
Cashflow/mo	£261£261
Cashflow/yr	£3,135£3,135
ROI	2%2%
Gross Yield	5%5%

Local Sold Prices

31 sold prices from £222K to £875K, average is £485K. £4.4K/m² to £7.5K/m², average is £6K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£450K	11/21	0.24 mi	41, Ollerton Green, London, Greater London E3 2LB	-	-	3	Flat
£425K	07/23	0.24 mi	48, Ollerton Green, London, Greater London E3 2LB	-	-	3	Flat
£453K	03/23	0.27 mi	35, Parnell Road, London, Greater London E3 2RS	-	-	3	Flat
£542K	04/23	0.35 mi	72, Pulteney Close, London, Greater London E3 5LP	-	-	3	Flat
£382K	01/23	0.41 mi	Flat 26, Cruden House, Vernon Road, London, Greater London E3 5HE	-	-	3	Flat
£480K	08/21	0.49 mi	33, Ambrose Walk, London, Greater London E3 2AR	£5,000	96	3	Flat
£432.5K	01/21	0.5 mi	Flat 9, Partridge House, Stafford Road, London, Greater London E3 5EZ	-	-	3	Flat
£505K	12/20	0.51 mi	187, St Stephens Road, London, Greater London E3 5JW	£5,805	87	3	Flat
£485K	06/21	0.51 mi	181, St Stephens Road, London, Greater London E3 5JW	£5,336	91	3	Flat
£448K	09/21	0.53 mi	81, St Stephens Road, London, Greater London E3 5JN	£5,149	87	3	Flat
£500K	06/21	0.55 mi	Flat 13, Dethick Court, Ford Road, London, Greater London E3 5PQ	-	-	3	Flat
£440K	04/23	0.55 mi	Flat 17, Dethick Court, Ford Road, London, Greater London E3 5PQ	-	-	3	Flat
£550K	05/23	0.55 mi	Flat 7, Dethick Court, Ford Road, London, Greater London E3 5PQ	-	-	3	Flat
£438K	04/23	0.56 mi	71, Rosebank Gardens, London, Greater London E3 5EF	£5,615	78	3	Flat
£513K	06/23	0.56 mi	8, Rosebank Gardens, London, Greater London E3 5EE	£6,181	83	3	Flat
£530K	03/23	0.56 mi	11, Ford Street, London, Greater London E3 5NU	£6,162	86	3	Flat
£545K	03/23	0.59 mi	5, Ford Street, London, Greater London E3 5NU	£6,264	87	3	Flat
£535K	06/21	0.59 mi	6, Ford Street, London, Greater London E3 5NU	£6,086	88	3	Flat
£875K	06/21	0.69 mi	15a, Cadogan Terrace, London, Greater London E9 5EG	-	-	3	Flat
£450K	12/20	0.71 mi	104, Bisson Road, London, Greater London E15 2RE	£5,885	76	3	Flat
£308.2K	11/20	0.84 mi	Flat 17, Bunsen House, Grove Road, London, Greater London E3 5TD	-	-	3	Flat
£360K	12/20	0.87 mi	127, Campbell Road, London, Greater London E3 4DP	£4,390	82	3	Flat
£300K	12/20	0.88 mi	Flat 26, Selman House, Hedgers Grove, London, Greater London E9 5AP	-	-	3	Flat
£500K	02/21	0.89 mi	Flat 75, Gascoyne House, Gascoyne Road, London, Greater London E9 7BJ	-	-	3	Flat
£650K	02/21	0.91 mi	Flat 12, Banbury House, Banbury Road, London, Greater London E9 7EB	-	-	3	Flat
£615K	06/21	0.91 mi	Flat 5, Banbury House, Banbury Road, London, Greater London E9 7EB	-	-	3	Flat
£499.9K	10/20	0.96 mi	33a, Mabley Street, London, Greater London E9 5RH	£7,462	67	3	Flat
£495K	06/21	0.98 mi	Flat 5, Dycer House, Wick Road, London, Greater London E9 5AS	-	-	3	Flat
£222K	01/23	0.99 mi	Flat 84, Granard House, Bradstock Road, London, Greater London E9 5BW	-	-	3	Flat
£600K	01/21	0.99 mi	15, Banbury Road, London, Greater London E9 7DU	£7,500	80	3	Flat
£421.3K	03/21	1 mi	162, Rounton Road, London, Greater London E3 4EX	£6,195	68	3	Flat

Local Rents

50 rents from £2.5K/mo to £3.9K/mo, average is £3K/mo.

Rent	Date	Distance	Address	Beds	Type
£2,750	02/24	0.01 mi	-	3	Flat
£2,750	02/24	0.01 mi	-	3	House
£3,400	12/24	0.19 mi	-	3	Flat
£2,600	03/24	0.21 mi	Fortius Apartments, Tredegar Road, London	3	Flat
£2,800	03/24	0.21 mi	Tredegar Road, London, E3	3	Flat
£3,255	04/24	0.22 mi	-	3	Flat
£3,350	05/24	0.22 mi	-	3	Flat
£3,350	04/24	0.22 mi	Iceni Court, London, E3	3	Flat
£2,500	01/25	0.23 mi	-	3	Flat
£2,500	04/24	0.24 mi	Ollerton Green, London, E3 2LB	3	Flat
£3,400	03/24	0.26 mi	Wyke Road, London, E3	3	Flat
£3,000	03/24	0.27 mi	Vincent Mews, Bow, E3	3	Terraced House
£3,000	05/24	0.27 mi	Vincent Mews, Bow, E3	3	Terraced House
£3,250	03/24	0.29 mi	-	3	Terraced House
£3,750	01/25	0.3 mi	-	3	Flat
£3,900	03/24	0.3 mi	Wyke Road, London, E3	3	Flat
£3,275	02/25	0.32 mi	-	3	Flat
£2,800	04/24	0.32 mi	-	3	Terraced House
£2,800	04/25	0.32 mi	-	3	Terraced House
£3,500	01/25	0.32 mi	-	3	Terraced House
£3,500	02/25	0.32 mi	-	3	Terraced House
£3,100	03/25	0.33 mi	-	3	Terraced House
£2,850	05/24	0.33 mi	-	3	Terraced House
£2,850	03/24	0.33 mi	Primrose Close, London, E3	3	Terraced House
£3,350	03/24	0.35 mi	Roach Road, London, E3	3	Flat
£3,400	04/24	0.35 mi	Omega Works, London, E3	3	Flat
£3,150	04/24	0.35 mi	-	3	Flat
£2,995	04/25	0.35 mi	-	3	Flat
£3,400	04/24	0.35 mi	-	3	Flat
£3,250	03/24	0.36 mi	Cardigan Road, Bow, London	3	Flat
£2,850	12/24	0.38 mi	Roman Road, Bow, London	3	Flat
£2,500	10/23	0.42 mi	Mostyn Grove, Bow, London	3	Flat
£2,900	04/24	0.44 mi	Fairfield Road, London	3	Flat
£2,900	05/24	0.44 mi	Fairfield Road, London	3	Flat
£2,600	03/24	0.45 mi	Tredegar Road, Bow, London, E3	3	Terraced House
£2,500	04/24	0.45 mi	Lunan House, London, E3	3	Flat
£2,500	04/24	0.45 mi	-	3	Flat
£3,000	04/25	0.47 mi	-	3	Terraced House
£3,050	04/25	0.47 mi	-	3	Terraced House
£2,500	03/25	0.51 mi	-	3	Flat
£2,500	03/24	0.51 mi	-	3	Flat
£3,000	02/24	0.52 mi	-	3	Flat
£3,600	05/24	0.53 mi	-	3	Flat
£3,200	05/24	0.53 mi	-	3	Flat
£2,800	01/25	0.53 mi	-	3	Flat
£2,750	12/24	0.53 mi	-	3	Flat
£2,950	03/25	0.53 mi	-	3	Flat
£2,950	03/25	0.53 mi	-	3	Flat
£2,750	05/24	0.54 mi	-	3	Flat
£2,850	04/24	0.56 mi	City West Tower, 6 High Street, Stratford, London, E15	3	Flat

Local Area Statistics

Population in E3	51,61851,618
Population in London	4,771,9214,771,921
Town centre distance	3.63 miles away3.63 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.40 miles away0.40 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+13%+13%
Sales demand	Buyer's marketBuyer's market
Capital growth (5yrs)	+1%+1%

Property History

Price changed to £550,000

March 8, 2025

Price changed to £575,000

December 21, 2024

Listed for £600,000

November 21, 2024

Floor Plans

Description

Spacious 3 bedroom flat +
Secure, modern development with lift access +
2 entrances to the flat +
Reception room with dining space +
Contemporary open-plan kitchen with fitted appliances +
3 good-sized, bright bedrooms +
Private Balcony with views towards the Olympic Stadium +
Neutral decor throughout +

Situated in a modern development with Lift, this large 3 bedroom flat benefits from a private balcony and views towards Stratford Olympic Park as well as the Canary Wharf skyline.

Conveniently situated for Stratford the property is also close to the open space of Victoria Park, River Lee and Greenway.

Please use the reference CHPK3211758 when contacting Foxtons.

Agent Details

Foxtons, Bow

020 7123 8467

Next Steps?

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

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