2 Bed Flat, Motivated Seller, London, E3 2JJ, £515,000





ValuationUndervalued
Sold Prices | £275K - £1.2M |
Sold Prices/m² | £4.7K/m² - £11.9K/m² |
| |
Square Metres | ~99.80 m² |
Price/m² | £5.2K/m² |
Value Estimate | £628,300£628,300 |
BMV | 22% |
Cashflows
Cash In | |
Purchase Finance | MortgageMortgage |
Deposit (25%) | £128,750£128,750 |
Stamp Duty & Legal Fees | £29,900£29,900 |
Total Cash In | £158,650£158,650 |
| |
Cash Out | |
Rent Range | £1,750 - £4,000£1,750 - £4,000 |
Rent Estimate | £1,900 |
Running Costs/mo | £2,009£2,009 |
Cashflow/mo | £-109£-109 |
Cashflow/yr | £-1,312£-1,312 |
Gross Yield | 4%4% |
Local Sold Prices
51 sold prices from £275K to £1.2M, average is £400K. £4.7K/m² to £11.9K/m², average is £6.8K/m².
Price | Date | Distance | Address | Price/m² | m² | Beds | Type | |
£360K | 02/23 | 0.28 mi | Flat 65, Winford House, Jodrell Road, London, Greater London E3 2LF | - | - | 2 | Flat | |
£500K | 06/21 | 0.28 mi | 7, Eden Way, London, Greater London E3 2JD | £9,434 | 53 | 2 | Flat | |
£555K | 09/21 | 0.28 mi | 8, Eden Way, London, Greater London E3 2JD | £7,603 | 73 | 2 | Flat | |
£390K | 04/23 | 0.33 mi | 73, Hewison Street, London, Greater London E3 2HZ | £5,821 | 67 | 2 | Flat | |
£320K | 04/23 | 0.39 mi | 34, Brymay Close, London, Greater London E3 2SY | £6,163 | 52 | 2 | Flat | |
£365K | 02/21 | 0.5 mi | Flat 6, Barford House, Tredegar Road, London, Greater London E3 5HP | - | - | 2 | Flat | |
£355K | 02/21 | 0.54 mi | Flat 17, Astra House, Alfred Street, London, Greater London E3 2BA | - | - | 2 | Flat | |
£367K | 06/21 | 0.55 mi | 8, Otter Close, London, Greater London E15 2PZ | £6,016 | 61 | 2 | Flat | |
£370K | 04/21 | 0.55 mi | 43, Otter Close, London, Greater London E15 2PZ | £6,736 | 55 | 2 | Flat | |
£275K | 08/21 | 0.55 mi | 2, Otter Close, London, Greater London E15 2PZ | £4,661 | 59 | 2 | Flat | |
£415K | 08/23 | 0.55 mi | Flat 13, Brine House, St Stephens Road, London, Greater London E3 5PG | - | - | 2 | Flat | |
£372.5K | 06/23 | 0.57 mi | 79, Otter Close, London, Greater London E15 2PT | £4,862 | 77 | 2 | Flat | |
£460K | 12/22 | 0.58 mi | 96, Hitchin Square, London, Greater London E3 5QF | - | - | 2 | Flat | |
£393K | 06/21 | 0.59 mi | 144, Bow Road, London, Greater London E3 3AH | - | - | 2 | Flat | |
£353K | 02/21 | 0.59 mi | 100, Otter Close, London, Greater London E15 2PX | £6,193 | 57 | 2 | Flat | |
£412.7K | 12/22 | 0.6 mi | 82a, Bow Road, London, Greater London E3 4DL | £5,685 | 73 | 2 | Flat | |
£572K | 06/21 | 0.6 mi | 23, Tredegar Road, London, Greater London E3 2EH | £11,917 | 48 | 2 | Flat | |
£572K | 06/21 | 0.6 mi | 23, Tredegar Road, London, Greater London E3 2EH | £11,917 | 48 | 2 | Flat | |
£323.7K | 12/20 | 0.6 mi | Flat 56, Corbin House, Bromley High Street, London, Greater London E3 3BQ | - | - | 2 | Flat | |
£455K | 06/23 | 0.61 mi | Flat 22, Marina Court, Alfred Street, London, Greater London E3 2BH | - | - | 2 | Flat | |
£550K | 04/21 | 0.61 mi | 20, Printers Mews, London, Greater London E3 5NZ | - | - | 2 | Flat | |
£600K | 07/23 | 0.61 mi | 15, Printers Mews, London, Greater London E3 5NZ | £7,895 | 76 | 2 | Flat | |
£379.5K | 10/20 | 0.63 mi | 73, Leabank Square, London, Greater London E9 5LR | £5,345 | 71 | 2 | Flat | |
£400K | 06/21 | 0.63 mi | 68, Leabank Square, London, Greater London E9 5LR | £6,154 | 65 | 2 | Flat | |
£300K | 11/20 | 0.65 mi | Flat 6, Dorrington Point, Bromley High Street, London, Greater London E3 3EL | - | - | 2 | Flat | |
£500K | 05/23 | 0.65 mi | 128, Antill Road, London, Greater London E3 5BN | - | - | 2 | Flat | |
£350K | 02/21 | 0.65 mi | 78, Berkshire Road, London, Greater London E9 5LU | - | - | 2 | Flat | |
£330K | 10/20 | 0.67 mi | 20, Bisson Road, London, Greater London E15 2RD | £5,000 | 66 | 2 | Flat | |
£430K | 12/21 | 0.67 mi | 7b, Tomlins Grove, London, Greater London E3 4NX | £6,466 | 67 | 2 | Flat | |
£301.5K | 03/23 | 0.67 mi | Flat 32, Wellington Buildings, Wellington Way, London, Greater London E3 4NA | - | - | 2 | Flat | |
£425K | 04/21 | 0.67 mi | 36, Leabank Square, London, Greater London E9 5LP | £6,538 | 65 | 2 | Flat | |
£390K | 10/21 | 0.67 mi | 34, Leabank Square, London, Greater London E9 5LP | £5,949 | 66 | 2 | Flat | |
£1.2M | 08/21 | 0.69 mi | 40, Medway Road, London, Greater London E3 5BY | £11,431 | 102 | 2 | Flat | |
£420K | 02/23 | 0.71 mi | 419a, Roman Road, London, Greater London E3 5QS | £8,055 | 52 | 2 | Flat | |
£417K | 04/23 | 0.72 mi | 1, Regal Place, London, Greater London E3 2BG | £8,653 | 48 | 2 | Flat | |
£545K | 11/20 | 0.74 mi | 16a, Zealand Road, London, Greater London E3 5RB | - | - | 2 | Flat | |
£812K | 03/21 | 0.78 mi | 342, Old Ford Road, London, Greater London E3 5TA | £8,547 | 95 | 2 | Flat | |
£385K | 10/20 | 0.78 mi | 100, Buxhall Crescent, London, Greater London E9 5JZ | - | - | 2 | Flat | |
£415K | 03/21 | 0.78 mi | 90, Buxhall Crescent, London, Greater London E9 5JZ | £6,792 | 61 | 2 | Flat | |
£380K | 06/23 | 0.79 mi | 465, Mile End Road, London, Greater London E3 4PA | - | - | 2 | Flat | |
£368.1K | 02/21 | 0.8 mi | 31b - 31c, Brookfield Road, Hackney, London, Greater London E9 5AH | - | - | 2 | Flat | |
£592K | 05/23 | 0.8 mi | 31a, Brookfield Road, Hackney, London, Greater London E9 5AH | £9,573 | 62 | 2 | Flat | |
£368K | 08/23 | 0.83 mi | 14, Shalbourne Square, London, Greater London E9 5JN | £6,815 | 54 | 2 | Flat | |
£332K | 06/21 | 0.84 mi | Flat 22, Denbury House, Talwin Street, London, Greater London E3 3JB | - | - | 2 | Flat | |
£660K | 10/20 | 0.87 mi | 39b, Wetherell Road, London, Greater London E9 7DB | £8,189 | 81 | 2 | Flat | |
£765.5K | 01/21 | 0.87 mi | 42a, Wetherell Road, London, Greater London E9 7DB | £8,506 | 90 | 2 | Flat | |
£705K | 12/22 | 0.87 mi | 43a, Wetherell Road, London, Greater London E9 7DB | £7,646 | 92 | 2 | Flat | |
£520K | 11/20 | 0.9 mi | Flat 127, Gascoyne House, Gascoyne Road, London, Greater London E9 7BN | - | - | 2 | Flat | |
£465K | 06/21 | 0.9 mi | Flat 101, Gascoyne House, Gascoyne Road, London, Greater London E9 7BL | - | - | 2 | Flat | |
£280K | 06/23 | 0.9 mi | Flat 58, Vaine House, Cassland Road, London, Greater London E9 5BT | - | - | 2 | Flat | |
£343K | 03/21 | 0.94 mi | 159, Fairfoot Road, London, Greater London E3 4EJ | £5,310 | 65 | 2 | Flat |
Local Rents
50 rents from £1.8K/mo to £4K/mo, average is £2.3K/mo.
Rent | Date | Distance | Address | Beds | Type | |
£2,200 | 05/24 | 0 mi | - | 2 | Flat | |
£2,200 | 03/25 | 0 mi | - | 2 | Flat | |
£2,000 | 02/24 | 0 mi | - | 2 | Flat | |
£2,200 | 04/24 | 0 mi | Wick Lane, London, E3 | 2 | Flat | |
£2,200 | 05/24 | 0 mi | Wick Lane, London, E3 | 2 | Flat | |
£2,199 | 03/24 | 0.01 mi | Wick Lane, London, E3 | 2 | Flat | |
£2,700 | 04/24 | 0.01 mi | - | 2 | Flat | |
£2,349 | 03/24 | 0.03 mi | Wick Lane, Hackney Wick | 2 | Flat | |
£2,300 | 05/24 | 0.03 mi | Ink Court, Hackney Wick | 2 | Flat | |
£2,800 | 03/24 | 0.07 mi | - | 2 | Flat | |
£2,300 | 03/24 | 0.07 mi | - | 2 | Flat | |
£2,700 | 04/24 | 0.07 mi | Hart Yard, Hackney Wick | 2 | Flat | |
£2,500 | 03/24 | 0.09 mi | - | 2 | Flat | |
£2,500 | 04/24 | 0.09 mi | Iron Works, 58 Dace Road | 2 | Flat | |
£2,297 | 05/24 | 0.1 mi | Dace Road, Hackney Wick | 2 | Flat | |
£2,496 | 04/24 | 0.12 mi | Dace Road, Hackney Wick | 2 | Flat | |
£2,100 | 02/25 | 0.18 mi | - | 2 | Flat | |
£2,900 | 03/24 | 0.19 mi | Wendon Street, Tower Hamlets, London, E3 | 2 | Flat | |
£2,500 | 03/24 | 0.19 mi | - | 2 | Flat | |
£2,362 | 03/24 | 0.2 mi | Fabian Bell Tower, Bow E3 | 2 | Flat | |
£2,301 | 05/24 | 0.2 mi | Pancras Way, E3 | 2 | Flat | |
£2,300 | 02/24 | 0.21 mi | - | 2 | Flat | |
£1,800 | 05/24 | 0.21 mi | Edward Heylyn House, London, E3 | 2 | Flat | |
£1,750 | 05/24 | 0.21 mi | - | 2 | Flat | |
£2,400 | 04/24 | 0.21 mi | Altius Apartments, 714 Wick Lane, London, E3 2PZ | 2 | Flat | |
£2,300 | 12/24 | 0.22 mi | - | 2 | Flat | |
£2,000 | 04/24 | 0.23 mi | John Bell Tower, Heart Of Bow, E3 | 2 | Flat | |
£4,000 | 04/24 | 0.24 mi | - | 2 | Flat | |
£1,900 | 05/24 | 0.24 mi | - | 2 | Flat | |
£1,900 | 05/24 | 0.24 mi | Wick Lane, Bow, London, E3 | 2 | Flat | |
£2,400 | 04/24 | 0.24 mi | Iceni Court, Bow, E3 | 2 | Flat | |
£2,201 | 03/24 | 0.24 mi | Douro Street, E3 | 2 | Flat | |
£2,200 | 03/24 | 0.25 mi | Menai Place, Bow, London, E3 | 2 | Flat | |
£2,400 | 04/24 | 0.25 mi | Lefevre Walk, Bow, London, E3 | 2 | Flat | |
£2,200 | 03/24 | 0.26 mi | Menai Place, Bow, E3 | 2 | Flat | |
£2,100 | 05/24 | 0.26 mi | Menai Place, Blondin Street, Bow, E3 | 2 | Flat | |
£2,232 | 05/24 | 0.26 mi | - | 2 | Flat | |
£2,000 | 04/24 | 0.26 mi | Jodrell Road, London | 2 | Flat | |
£2,250 | 03/24 | 0.27 mi | Park East Building, The Bow Quarter | 2 | Flat | |
£2,201 | 04/24 | 0.27 mi | Bow Quarter, E3 | 2 | Flat | |
£2,050 | 03/24 | 0.27 mi | Menai Place, Blondin Street, London, E3 | 2 | Flat | |
£2,448 | 04/24 | 0.27 mi | - | 2 | Flat | |
£2,750 | 03/24 | 0.28 mi | Legacy House, Roach Road, London | 2 | Flat | |
£2,250 | 03/25 | 0.28 mi | - | 2 | Flat | |
£2,548 | 03/24 | 0.28 mi | Manhattan Building, London | 2 | Flat | |
£3,500 | 02/24 | 0.28 mi | - | 2 | Flat | |
£3,500 | 02/24 | 0.28 mi | - | 2 | Flat | |
£3,800 | 04/24 | 0.28 mi | - | 2 | Flat | |
£3,500 | 04/24 | 0.28 mi | - | 2 | Flat | |
£3,999 | 04/24 | 0.28 mi | - | 2 | Flat |
Local Area Statistics
Population in E3 | 51,61851,618 |
Population in London | 4,771,9214,771,921 |
Town centre distance | 3.64 miles away3.64 miles away |
Nearest school | 0.20 miles away0.20 miles away |
Nearest train station | 0.39 miles away0.39 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
Listed for £515,000
November 22, 2024
Floor Plans

Description
- Council Tax Band D Leasehold 125 years from 25 March 2005 +
- Ground Rent £250 p/a Service Charge £4000 p/a +
- EWS1 Form Available A1 Rating +
- Balcony Accessed from the Reception Room +
- Large Open Plan Kitchen/Dining/Reception Room +
- Two Bedrooms +
- Family Bathroom +
- Lifts to all Floors +
- Convenient Location +
- Viewing Advised +
*The property is currently undergoing repairs being paid for by the current owner, scheduled to be finished in January*
This spacious two bedroom apartment is not one to be missed out on. Situated within a prime area in Bow, London, offering easy reach to a wide range of amenities, transport and road links. Located on the second floor you will find a spacious lounge, and two double bedrooms. Call now to book!
This two bedroom apartment is located in Bow, London with close proximity to a range of amenities, schools, shopping facilities, food/drink establishments and more. The area also offers excellent road and transport links for travel both locally and further afield.
The accommodation briefly comprises a welcoming entrance way, a spacious living room, a fitted kitchen, two double bedrooms and a three-piece bathroom with tub-shower combination a hand wash basin and a WC.
Externally, you can benefit from parking for around £100 PCM.
This home is an excellent find. We anticipate a high amount of interest and as such we would recommend that any interested buyers inquire to arrange a viewing at the earliest convenience to ensure the opportunity is not missed.
Premium Fast Sale
The innovative Premium Fast Sale Plus method from Springbok Properties is a secure and straightforward way to buy property. It works like a typical sale, with a number of added benefits to the buyer.
Benefits
o Carefully implemented security measures
o A speedy process
o Realistically priced properties
o A Buy it Now option (ask for further information on this feature from our advisors)
o A significantly reduced chance of fall-throughs
o No risk of being "gazumped"
o The full focus of our highly motivated team
Springbok Properties' Premium Fast Sale Plus puts you in the driving seat thanks to our fast and secure methods.
All properties are competitively priced and carefully managed by motivated sellers for a quick, stress-free transaction.
Deposit
Sales can be secured with a reservation deposit of £5,000. This forms part of the final purchase price and is NOT an extra cost.
This deposit ensures that the property is taken off the market as soon as a sale is agreed. It is then exclusively reserved for you, eliminating gazumping, time wasting and financial loss.
An administration fee of £396 is required in order to draw up an exclusive legally binding contract between the buyer and seller. This gives the buyer exclusive rights to purchase within a pre-agreed timeframe.
Exclusivity
Following the payment of the above amount, Springbok Properties will facilitate a fixed exclusivity period (approximately 12 weeks). During this time, surveys should be arranged and preparations made for the exchange of contracts. The property will be reserved, so there will be no risk of gazumping.
Process
Our Premium Fast Sale Plus follows the below process:
STEP 1 - Register your interest
STEP 2 - Prepare your finances for the purchase
STEP 3 - Arrange a viewing
STEP 4 - Make an offer
STEP 5 - Secure your sale using our secure system
STEP 6 - Exchange and complete
Don't miss out on the chance to purchase this property. Call us today for further information and to arrange a viewing.
If you're interested in this property, we urge you to contact us immediately to arrange an early viewing and get the process started. This will help you to avoid missing out on this opportunity.
Springbok Properties' innovative Premium Fast Sale Plus is a secure and straightforward way to buy property.
Please note: to ensure the highest level of customer service, all calls may be recorded and monitored for training and quality purposes.
Please call us now to book an appointment.
We highly recommend early viewing as this property is priced relatively low and is likely to generate quite an interest.
Please call us now to book an appointment.
Call Recording
Please note to ensure the highest level of customer service, all calls may be recorded and monitored for training and quality purposes.
Disclaimer
Springbok Properties for itself and the Vendors or lessors of properties for whom they act give notice that:
The details shown on this website are a general outline for the guidance of intending purchasers, and do not constitute, nor constitute part of, an offer or contract or sales particulars. All descriptions, dimensions, references to condition and other details are given in good faith and are believed to be correct but any intending purchasers should not rely on them as statements or representations of fact but must satisfy themselves by inspection, searches, survey, enquiries or otherwise as to their correctness. We have not been able to test any of the building service installations and recommend that prospective purchasers arrange for a qualified person to check them before entering into any commitment. Further, any reference to, or use of any part of the properties is not a statement that any necessary planning, building regulations or other consent has been obtained. All photographs shown are indicative and cannot be guaranteed to represent the complete interior scheme or items included in the sale. No person in our employment has any authority to make or give any representation or warranty whatsoever in relation to this property.
TENURE
To be confirmed by the Vendor's Solicitors
Note
The price given is a marketing price and not an indication of the property's market value. The vendor like any seller is looking to achieve the maximum price possible. Hence, by making an enquiry on this property, you recognise and understand that this property is strictly offers in excess of the marketing price provided.
How to View this Property
Viewing is strictly by appointment please call us now for bookings.
AML REGULATIONS & PROOF OF FUNDING: Any proposed purchasers will be asked to provide identification and proof of funding before any offer is accepted. We would appreciate your co-operation with this to ensure there are no delays in agreeing the sale.
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