2 Bed Flat, Single Let, London, E15 2SL, £400,000

Burford Wharf, Cam Road, Stratford, E15 2SL - 2 views - 5 months ago

Sold STC

Leasehold

BTL

ROI: 2%

~68 m²

+5 photos

ValuationUndervalued

Sold Prices	£200K - £435K
Sold Prices/m²	£2.6K/m² - £8.8K/m²

Square Metres	~68.11 m²
Price/m²	£5.9K/m²
Value Estimate	£409,782£409,782
BMV	2%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£100,000£100,000
Stamp Duty & Legal Fees	£20,700£20,700
Total Cash In	£120,700£120,700

Cash Out
Rent Range	£1,850 - £3,850£1,850 - £3,850
Rent Estimate	£1,875
Running Costs/mo	£1,645£1,645
Cashflow/mo	£230£230
Cashflow/yr	£2,760£2,760
ROI	2%2%
Gross Yield	6%6%

Local Sold Prices

41 sold prices from £200K to £435K, average is £341.5K. £2.6K/m² to £8.8K/m², average is £6.1K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£365K	06/23	0.29 mi	9, Chopwell Close, London, Greater London E15 4RP	£6,655	55	2	Flat
£400K	12/22	0.32 mi	1, Barnby Street, London, Greater London E15 4PY	£5,405	74	2	Flat
£325K	08/21	0.32 mi	9, Barnby Street, London, Greater London E15 4PY	£4,851	67	2	Flat
£372.5K	06/23	0.36 mi	79, Otter Close, London, Greater London E15 2PT	£4,862	77	2	Flat
£353K	02/21	0.36 mi	100, Otter Close, London, Greater London E15 2PX	£6,193	57	2	Flat
£330K	10/20	0.38 mi	20, Bisson Road, London, Greater London E15 2RD	£5,000	66	2	Flat
£367K	10/21	0.39 mi	1b, Aldworth Road, London, Greater London E15 4DN	£6,673	55	2	Flat
£385K	02/21	0.39 mi	1a, Aldworth Road, London, Greater London E15 4DN	£7,404	52	2	Flat
£341.5K	06/21	0.39 mi	1d, Aldworth Road, London, Greater London E15 4DN	£6,969	49	2	Flat
£275K	08/21	0.39 mi	2, Otter Close, London, Greater London E15 2PZ	£4,661	59	2	Flat
£367K	06/21	0.39 mi	8, Otter Close, London, Greater London E15 2PZ	£6,016	61	2	Flat
£370K	04/21	0.39 mi	43, Otter Close, London, Greater London E15 2PZ	£6,736	55	2	Flat
£390K	06/21	0.41 mi	6, Gerry Raffles Square, London, Greater London E15 1BG	-	-	2	Flat
£380K	06/21	0.41 mi	31, Gerry Raffles Square, London, Greater London E15 1BG	£6,909	55	2	Flat
£415K	01/21	0.42 mi	119, Gerry Raffles Square, London, Greater London E15 1BQ	£5,895	70	2	Flat
£360K	10/20	0.42 mi	56, Gerry Raffles Square, London, Greater London E15 1BG	£7,018	51	2	Flat
£275K	06/21	0.48 mi	Flat 5, Stafford Morris House, Church Street, Stratford, London, Greater London E15 3JY	-	-	2	Flat
£335K	08/21	0.64 mi	1, Waddington Street, London, Greater London E15 1QJ	-	-	2	Flat
£305K	04/23	0.64 mi	100b, Portway, London, Greater London E15 3QJ	£6,100	50	2	Flat
£310K	11/20	0.66 mi	47, Durban Road, London, Greater London E15 3BW	£4,471	69	2	Flat
£320K	10/20	0.68 mi	28, Memorial Avenue, London, Greater London E15 3BT	£5,079	63	2	Flat
£302.5K	11/20	0.69 mi	21, Holland Road, West Ham, London, Greater London E15 3BP	£5,216	58	2	Flat
£330K	01/23	0.81 mi	96, Maryland Street, London, Greater London E15 1JD	£6,542	50	2	Flat
£323.7K	12/20	0.81 mi	Flat 56, Corbin House, Bromley High Street, London, Greater London E3 3BQ	-	-	2	Flat
£345K	06/21	0.82 mi	24, Park Road, London, Greater London E15 3QP	£5,476	63	2	Flat
£380K	06/21	0.83 mi	55b, Carnarvon Road, London, Greater London E15 4JW	£8,837	43	2	Flat
£346K	06/21	0.83 mi	75, Stratford Road, London, Greater London E13 0JN	£4,873	71	2	Flat
£406K	02/21	0.86 mi	4a, Bolton Road, London, Greater London E15 4JY	£6,548	62	2	Flat
£320K	04/23	0.87 mi	34, Brymay Close, London, Greater London E3 2SY	£6,163	52	2	Flat
£300K	11/20	0.9 mi	Flat 6, Dorrington Point, Bromley High Street, London, Greater London E3 3EL	-	-	2	Flat
£435K	01/21	0.9 mi	128, Chobham Road, London, Greater London E15 1LZ	-	-	2	Flat
£340K	04/21	0.91 mi	76, Salmen Road, London, Greater London E13 0DT	£5,862	58	2	Flat
£285K	05/23	0.91 mi	2d, Chobham Road, London, Greater London E15 1LU	£6,271	45	2	Flat
£320K	08/22	0.92 mi	2a, Stork Road, London, Greater London E7 9HR	£8,421	38	2	Flat
£393K	06/21	0.93 mi	144, Bow Road, London, Greater London E3 3AH	-	-	2	Flat
£410K	01/23	0.94 mi	61b, Albert Square, London, Greater London E15 1HJ	-	-	2	Flat
£325K	02/23	0.94 mi	28, Knox Road, London, Greater London E7 9HW	£6,771	48	2	Flat
£360K	07/22	0.97 mi	15, Fothergill Close, London, Greater London E13 0LJ	£6,000	60	2	Flat
£332K	06/21	0.98 mi	Flat 22, Denbury House, Talwin Street, London, Greater London E3 3JB	-	-	2	Flat
£200K	03/23	1 mi	25, Carroll Close, London, Greater London E15 1RS	£2,597	77	2	Flat
£265K	02/23	1 mi	28, Carroll Close, London, Greater London E15 1RS	£3,487	76	2	Flat

Local Rents

50 rents from £1.9K/mo to £3.9K/mo, average is £2.3K/mo.

Rent	Date	Distance	Address	Beds	Type
£2,100	03/24	0 mi	Burford Wharf, Cam Road, Stratford, E15	2	Flat
£1,900	04/24	0.03 mi	Burford Wharf Apartments, Stratford E15	2	Flat
£2,250	02/25	0.04 mi	-	2	Flat
£2,150	12/24	0.04 mi	-	2	Flat
£2,250	03/24	0.04 mi	Hallings Wharf Studios - Stratford - E15	2	Flat
£2,300	03/24	0.05 mi	Victoria Mills Studios - Stratford - E15	2	Flat
£2,500	03/24	0.05 mi	Burford Road, London, E15	2	Flat
£2,743	04/25	0.05 mi	-	2	Flat
£2,743	12/24	0.05 mi	-	2	Flat
£3,850	02/25	0.05 mi	-	2	Flat
£2,000	05/24	0.05 mi	Channelsea Road, Stratford, London, E15	2	Flat
£2,250	03/24	0.06 mi	Hallings Wharf, Stratford, London, E15	2	Flat
£2,250	03/24	0.06 mi	Hallings Wharf Studios, Stratford, London, E15	2	Flat
£2,190	12/24	0.06 mi	-	2	Flat
£1,850	03/24	0.06 mi	Hallings Wharf Studios, Channelsea Road, Stratford, E15	2	Flat
£3,250	04/24	0.06 mi	-	2	Flat
£2,880	01/25	0.06 mi	-	2	Flat
£2,400	04/25	0.06 mi	-	2	Flat
£3,250	03/24	0.06 mi	Victoria Mills Studio, Stratford, London, E15	2	Flat
£2,150	01/25	0.09 mi	-	2	Flat
£2,150	03/25	0.09 mi	-	2	Flat
£2,000	03/24	0.09 mi	Velocity Building, Stratford, London, E15	2	Flat
£2,600	03/24	0.1 mi	Velocity Building, 1 Ward Road, Stratford, London, E15	2	Flat
£2,249	04/24	0.1 mi	Ward Road, Stratford	2	Flat
£2,800	04/25	0.1 mi	-	2	Flat
£2,300	12/24	0.1 mi	-	2	Flat
£2,100	01/25	0.1 mi	-	2	Flat
£2,200	03/25	0.1 mi	-	2	Flat
£2,225	03/24	0.1 mi	Ward Road, London, E15	2	Flat
£2,225	03/24	0.1 mi	Ward Road, London, E15	2	Flat
£2,350	01/25	0.11 mi	-	2	Flat
£1,900	04/24	0.13 mi	Edge Apartments, Stratford, E15	2	Flat
£1,900	04/24	0.13 mi	Edge Apartments, Stratford, E15	2	Flat
£2,500	04/24	0.16 mi	High Street, London, E15	2	Flat
£2,200	05/24	0.17 mi	Jupp Road, Stratford, London, E15	2	Flat
£2,300	03/25	0.17 mi	-	2	Flat
£2,250	03/24	0.18 mi	Rick Roberts Way, London, E15	2	Flat
£2,250	03/24	0.18 mi	Rick Roberts Way, London, E15	2	Terraced House
£2,250	04/24	0.18 mi	2 bedroom property in London	2	Flat
£2,250	05/24	0.18 mi	2 bedroom property in London	2	Flat
£2,485	03/24	0.18 mi	2 bedroom property in London	2	Flat
£2,230	03/24	0.18 mi	2 bedroom property in London	2	Flat
£2,150	04/24	0.18 mi	2 bedroom property in London	2	Flat
£2,550	03/24	0.18 mi	2 bedroom property in London	2	Flat
£2,550	03/24	0.18 mi	2 bedroom property in London	2	Flat
£2,550	05/24	0.18 mi	2 bedroom property in London	2	Flat
£2,185	03/24	0.18 mi	2 bedroom property in London	2	Flat
£2,180	03/24	0.18 mi	2 bedroom property in London	2	Flat
£2,165	04/24	0.18 mi	2 bedroom property in London	2	Flat
£2,170	04/24	0.18 mi	2 bedroom property in London	2	Flat

Local Area Statistics

Population in E15	52,19952,199
Population in London	4,771,9214,771,921
Town centre distance	4.52 miles away4.52 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.11 miles away0.11 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+16%+16%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+22%+22%

Property History

Listed for £400,000

November 22, 2024

Floor Plans

Description

2 Bedroom apartment +
12th floor with fantastic views +
Concierge Service +
Secure development +
Private underground parking space +
Open plan kitchen / reception room +
0.2 mile walk to Stratford High Street DLR +
0.4 mile walk to Stratford Underground Station +
Approx. 860 sq ft (79.9 sq m) +
EPC: C +

This spacious 2 double bedroom apartment is located on the twelfth floor within the Burford Wharf development, where residents are conveniently located close to Stratford Station for easy access the City and Canary Wharf.

Situated on the 12th floor and comprising of approximately 860 square feet, the property boasts an open-plan kitchen/living area with integrated appliances, 2 double bedrooms with a modern separate family bathroom.
Burford Wharf is located just a short walk from Stratford International DLR and Stratford Underground Station. Residents further benefit from a concierge service, private balcony with views across London, and is close to local amenities.

This particular property has the added benefit of a secure underground parking space.

Years remaining on lease: 974, Service charge: TBC pa, Ground rent: TBC, Council tax band: E To check broadband and mobile phone coverage please visit Ofcom here ofcom.org.uk/phones-telecoms-and-internet/advice-for-consumers/advice/ofcom-checker

Agent Details

JLL, Stratford

020 3909 6739

Next Steps?

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

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