2 Bed Flat, Single Let, London, E12 6UW, £310,000

Queensberry Place, London, E12 6UW - 5 months ago

Leasehold
BTL
ROI: 4%
~68 m²
+9 photos

ValuationUndervalued

Sold Prices£129K - £432.5K
Sold Prices/m²£2.3K/m² - £8.2K/m²

 

 

Square Metres

~68.11 m²
Price/m²£4.6K/m²

Value Estimate

£352,504
BMV16%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£77,500

Stamp Duty & Legal Fees

£13,100

Total Cash In

£90,600

 

 

Cash Out

 

Rent Range

£1,500 - £2,300

Rent Estimate

£1,588

Running Costs/mo

£1,306

Cashflow/mo

£282

Cashflow/yr

£3,380

ROI

4%

Gross Yield

6%

Local Sold Prices

50 sold prices from £129K to £432.5K, average is £308.8K. £2.3K/m² to £8.2K/m², average is £5.2K/m².

PriceDateDistanceAddressBeds 
£307.5K03/210 mi132, Queensberry Place, London, Greater London E12 6UW2
£330K09/220 mi104, Queensberry Place, London, Greater London E12 6UW2
£305K01/210 mi115, Queensberry Place, London, Greater London E12 6UW2
£312K02/210 mi127, Queensberry Place, London, Greater London E12 6UW2
£300K05/230 mi107, Queensberry Place, London, Greater London E12 6UW2
£320K08/220.02 mi134, Queensberry Place, London, Greater London E12 6UW2
£315K08/220.03 mi69, Queensberry Place, London, Greater London E12 6UN2
£325K12/220.04 mi97, Queensberry Place, London, Greater London E12 6UW2
£311.5K06/210.06 mi1, Queensberry Place, London, Greater London E12 6UN2
£297K03/230.06 mi41, Queensberry Place, London, Greater London E12 6UN2
£317K04/210.06 mi14, Queensberry Place, London, Greater London E12 6UN2
£220K01/210.13 mi52, Snowshill Road, London, Greater London E12 6BB2
£175K04/210.21 mi198, Halley Road, London, Greater London E12 6UD2
£254K06/210.21 mi244, Halley Road, London, Greater London E12 6UD2
£310K11/220.27 mi15, Saints Drive, London, Greater London E7 0RF2
£275K11/200.28 mi270a, Strone Road, London, Greater London E12 6TP2
£350K03/210.31 mi43a, Carlyle Road, London, Greater London E12 6BL2
£330K07/220.34 miFlat, 42b, Essex Road, London, Greater London E12 6RE2
£380K01/230.39 mi142, Windsor Road, London, Greater London E7 0RB2
£413.1K06/210.4 mi22, Forest Drive, London, Greater London E12 5DF2
£322.5K03/210.4 mi9, Forest Drive, London, Greater London E12 5DF2
£283K11/220.42 mi83, Forest View Road, London, Greater London E12 5HU2
£292K06/210.42 mi55a, Birchdale Road, London, Greater London E7 8AS2
£225K02/210.42 mi13a, Birchdale Road, London, Greater London E7 8AS2
£412K08/220.44 mi130b, Claremont Road, London, Greater London E7 0PX2
£310K12/220.48 mi522a, Katherine Road, London, Greater London E7 8EA2
£240.5K06/210.48 mi552, Katherine Road, London, Greater London E7 8EA2
£295K06/210.5 mi168a, Shakespeare Crescent, London, Greater London E12 6NB2
£235K08/220.55 miFirst Floor Flat, 14, Stafford Road, London, Greater London E7 8NN2
£295K12/200.57 mi16a, Chesterford Road, London, Greater London E12 6LB2
£320K07/220.58 miFlat A, 202, Sheringham Avenue, London, Greater London E12 5PQ2
£410K09/210.63 mi78, Ridley Road, London, Greater London E7 0LT2
£410K09/210.63 mi78, Ridley Road, London, Greater London E7 0LT2
£295K08/220.64 mi86b, Sheringham Avenue, London, Greater London E12 5PE2
£360K12/200.66 mi112a, Hampton Road, London, Greater London E7 0NU2
£312.4K01/210.7 mi64b, Burges Road, London, Greater London E6 2BH2
£296.8K06/230.71 mi171, Gainsborough Avenue, London, Greater London E12 6JN2
£400K06/210.71 mi24, Barrington Road, London, Greater London E12 6JH2
£245K11/220.75 miFlat 46, Charlbury House, Grantham Road, Manor Park, London, Greater London E12 5NR2
£425K06/210.77 mi78, Capel Road, London, Greater London E7 0JR2
£280K06/210.78 mi82, Plashet Grove, London, Greater London E6 1AB2
£280K06/230.78 mi62a, Leigh Road, London, Greater London E6 2AS2
£360K02/230.78 mi74, Leigh Road, London, Greater London E6 2AS2
£286K07/210.8 mi15, St Georges Road, London, Greater London E7 8HT2
£230K05/210.82 mi198, Burges Road, London, Greater London E6 2BS2
£275K12/200.82 mi54a, Caulfield Road, London, Greater London E6 2EN2
£129K04/230.84 mi1027, Romford Road, Manor Park, London, Greater London E12 5LH2
£360K06/210.85 mi29, Osborne Road, Forest Gate, London, Greater London E7 0PJ2
£295K09/220.87 miFlat 1, Fry House, St Stephens Road, London, Greater London E6 1AL2
£432.5K06/210.91 mi39a, Avenue Road, London, Greater London E7 0LA2

Local Rents

50 rents from £1.5K/mo to £2.3K/mo, average is £1.9K/mo.

RentDateDistanceAddressBeds 
£1,80001/250.04 mi-2
£1,95004/250.07 mi-2
£1,65003/240.08 miSherrard Road, E122
£1,85001/250.1 mi-2
£1,75004/240.11 miSalisbury Road2
£1,70004/250.11 mi-2
£1,69004/250.15 mi-2
£1,75001/250.16 mi-2
£2,00001/250.17 mi-2
£1,50003/250.17 mi-2
£1,90005/240.17 miRomford Road, Manor Park, London, E122
£1,70004/250.18 mi-2
£2,15003/250.18 mi-2
£1,99003/250.21 mi-2
£1,75003/240.22 mi-2
£1,80005/240.23 mi-2
£2,10012/240.26 mi-2
£1,80004/250.27 mi-2
£1,80004/250.27 mi-2
£1,95002/250.29 mi-2
£1,87502/240.29 mi-2
£1,72502/240.29 mi-2
£1,79503/250.29 mi-2
£1,75002/250.3 mi-2
£1,60002/240.32 mi-2
£2,25003/250.33 mi-2
£2,00004/250.33 mi-2
£1,85003/240.33 miThird Avenue, London, E122
£1,60005/240.34 miSheridan Road, London, E12 6QY2
£1,50005/240.36 mi-2
£2,20003/250.39 mi-2
£1,65004/250.41 mi-2
£2,00004/250.41 mi-2
£2,30004/250.42 mi-2
£2,20004/250.42 mi-2
£1,90003/240.42 mi Browning Road, London, E12 6PB2
£1,90005/240.43 miLondon, E122
£1,95012/240.44 mi-2
£1,85002/250.44 mi-2
£1,80004/250.44 mi-2
£2,00002/250.46 mi-2
£2,05001/250.46 mi-2
£2,00012/240.47 mi-2
£2,00001/250.47 mi-2
£1,90001/250.47 mi-2
£1,80002/250.47 mi-2
£1,90002/250.47 mi-2
£1,75001/250.47 mi-2
£1,85002/240.48 mi-2
£2,00003/240.48 mi-2

Local Area Statistics

Population in E12

41,869

Population in London

4,771,921

Town centre distance

6.73 miles away

Nearest school

0.10 miles away

Nearest train station

0.16 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+6%

Sales demand

Balanced market

Capital growth (5yrs)

+25%

Property History

Price changed to £310,000

March 12, 2025

Listed for £305,000

November 25, 2024

Floor Plans

Description

  • Buyer Fees Apply +
  • Being Sold By GOTO Reservation Fee Process +
  • Master With En-Suite +
  • Offered With No Chain +
  • Entry Phone System +
  • Spacious Living Space +
  • 360 Tour +
  • Fantastic Transport Links +
  • Highly Sought After Area +
  • Viewings Highly Recommended +

The Property
This bright and spacious two-bedroom apartment offers the perfect blend of comfort and convenience. Includes Car Park.

Internally the property briefly comprises entrance hallway, open plan lounge/dining with separate kitchen, bedroom one with en-suite shower room, bedroom two and family bathroom.

Located just off High Street North, the property features an allocated parking space and excellent transport links, with Manor Park, Wood Grange, and East Ham stations nearby. For motorists, the A13, A406, and M11 are easily accessible, making commuting a breeze.

Families will appreciate the proximity to several ‘Good’ and ‘Outstanding’ Ofsted-rated schools, while the green open spaces of Wanstead Flats, just a short walk away, provide a peaceful retreat for outdoor leisure.

With a low monthly service charge of £166, including ground rent, this apartment is ideal for professionals, families, or investors seeking a well-connected and vibrant location.

Viewings are highly recommended, book 24/7 by clicking the property brochure on online/phone via Purplebricks.

Leasehold Information: 125 years from 1 April 2001

Property Description
Material information:
The information above has been provided by the vendor, agent and GOTO Group and may not be accurate. Please refer to the property’s Legal Pack. (You can download this once you have registered your interest against the property). This pack provides material information which will help you make an informed decision before proceeding. It may not yet include everything you need to know so please make sure you do your own due diligence as well.

This property is offered for sale using the Reservation fee process. Reservation fee is a new, innovative and pioneering process for buying and selling property. It significantly reduces the risk of gazumping or double-selling by offering security to both parties by gaining a commitment from both parties to buy and sell. When an offer is accepted, the buyer will be required to make payment of a non-refundable Reservation Fee of £3,780 including VAT (in addition to the final negotiated selling price). This will secure the transaction and the property will be taken off the market. The purchaser will not be exchanging contracts but will be given 90 working days in which to complete the transaction, from the date the Draft Contract is received by the buyer’s solicitor (or 10 working days after receipt of the Reservation Fee, whichever is earlier).

The buyer will also be required to pay a legal pack fee of £372 including VAT and to sign the Reservation Form and agree the Terms and Conditions prior to solicitors being instructed. If you require a copy of these documents, or for further information, please contact the Reservation Fee team at GOTO Group.
Buyer Fees
• The Reservation fee and legal pack fee are in addition to the final negotiated selling price.
• Stamp Duty Land Tax (SDLT) is applicable if you buy a property or land over a certain price in England, Wales or Northern Ireland.

Property ownership information

Ground rent review period: Every 1 year

Service charge review period: Every 1 year

Lease end date: 31/03/2126

Property Description Disclaimer

This is a general description of the property only, and is not intended to constitute part of an offer or contract. It has been verified by the seller(s), unless marked as 'draft'. Purplebricks conducts some valuations online and some of our customers prepare their own property descriptions, so if you decide to proceed with a viewing or an offer, please note this information may have been provided solely by the vendor, and we may not have been able to visit the property to confirm it. If you require clarification on any point then please contact us, especially if you’re traveling some distance to view. All information should be checked by your solicitor prior to exchange of contracts. Successful buyers will be required to complete anti-money laundering checks. Our partner, Lifetime Legal Limited, will carry out the initial checks on our behalf. The current non-refundable cost is £80 inc. VAT per offer. You’ll need to pay this to Lifetime Legal and complete all checks before we can issue a memorandum of sale. The cost includes obtaining relevant data and any manual checks and monitoring which might be required, and includes a range of benefits. Purplebricks will receive some of the fee taken by Lifetime Legal to compensate for its role in providing these checks.

Agent Details

Purplebricks, covering East London

020 3889 9017

Next Steps?

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