3 Bed Terraced House, Motivated Seller, London, E4 6LB, £360,000

Connington Crescent, London, Essex, E4 6LB - 21 views - 4 months ago

Sold STC
Motivated
Cash
ROI: 2%
~93 m²
+6 photos

ValuationUndervalued

Sold Prices£334.8K - £762.5K
Sold Prices/m²£4.1K/m² - £7.1K/m²

 

 

Square Metres

~93 m²
Price/m²£3.9K/m²

Value Estimate

£370,800
BMV3%

 

 

End Value (After Refurb)

£517,175

Uplift in Value

+44%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£90,000

Stamp Duty & Legal Fees

£17,500

Refurb Costs

£49,200

Bridging Loan Interest

£9,450

Total Cash In

£167,900

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£517,175

Agent Fees (1%)

£5,172

Bridging Loan

£270,000

Bridging Loan Interest

£9,450

Flip Profit

£74,103

Local Sold Prices

50 sold prices from £334.8K to £762.5K, average is £507.5K. £4.1K/m² to £7.1K/m², average is £6K/m².

PriceDateDistanceAddressBeds 
£455K06/210.04 mi34, Wittenham Way, London, Greater London E4 6JR3
£375K03/210.11 mi17, Connington Crescent, Chingford, London, Greater London E4 6LE3
£425K08/230.11 mi59, Longshaw Road, London, Greater London E4 6LH3
£430K04/230.12 mi80, Wittenham Way, London, Greater London E4 6JP3
£420K02/210.15 mi3, Arbor Road, London, Greater London E4 6LJ3
£450K03/210.16 mi15, Little Friday Road, London, Greater London E4 6HD3
£435K01/210.17 mi11, Buckrell Road, London, Greater London E4 6JN3
£450K11/200.18 mi68, Withy Mead, London, Greater London E4 6JW3
£432K12/200.18 mi23, Chingdale Road, London, Greater London E4 6HZ3
£410K07/230.2 mi44, Withy Mead, London, Greater London E4 6JZ3
£472K03/230.2 mi54, Withy Mead, London, Greater London E4 6JZ3
£380K04/230.21 mi29, Withy Mead, London, Greater London E4 6JY3
£421K06/210.23 mi73, Chingdale Road, London, Greater London E4 6HZ3
£475K09/210.23 mi93, Chingdale Road, London, Greater London E4 6HZ3
£495K04/210.24 mi7a, Newgate Street, London, Greater London E4 6JB3
£445K04/210.24 mi59, Normanton Park, London, Greater London E4 6HE3
£400K05/210.24 mi80, Bernwell Road, London, Greater London E4 6HY3
£650K06/210.25 mi131, Larkshall Road, London, Greater London E4 6PE3
£470K11/200.26 mi130, Larkshall Road, London, Greater London E4 6NH3
£590K03/210.28 mi22, Betoyne Avenue, London, Greater London E4 9SG3
£671.9K06/210.28 mi14, Betoyne Avenue, London, Greater London E4 9SG3
£550K03/230.29 mi3, The Bramblings, London, Greater London E4 6LT3
£585K11/210.29 mi21, The Bramblings, London, Greater London E4 6LT3
£762.5K07/230.3 mi33, Balliol Avenue, London, Greater London E4 6LX3
£570K11/200.3 mi22, Balliol Avenue, London, Greater London E4 6LX3
£558K01/210.3 mi31, Balliol Avenue, London, Greater London E4 6LX3
£465K06/230.31 mi130, Manor Farm Drive, Chingford, London, Greater London E4 6HH3
£570K05/230.33 mi25, Hornbeam Grove, London, Greater London E4 6JE3
£525K07/230.33 mi31, Hornbeam Grove, London, Greater London E4 6JE3
£535K03/210.34 mi7, Manor Way, London, Greater London E4 6NW3
£623K10/210.34 mi20, The Bramblings, London, Greater London E4 6LU3
£334.8K06/230.34 mi88, The Bramblings, London, Greater London E4 6LU3
£625K11/200.34 mi64, The Bramblings, London, Greater London E4 6LU3
£610K03/210.35 mi16, Fairlight Close, London, Greater London E4 6PB3
£665K02/230.35 mi8, Fairlight Close, London, Greater London E4 6PB3
£538K09/210.35 mi81, Dale View Crescent, London, Greater London E4 6PH3
£572K11/200.36 mi76, Balliol Avenue, London, Greater London E4 6LY3
£435K06/210.37 mi119, Bluehouse Road, London, Greater London E4 6HP3
£606K06/210.37 mi43, Dale View Avenue, London, Greater London E4 6PJ3
£465K12/200.38 mi41, Mead Crescent, London, Greater London E4 6NX3
£680K05/230.38 mi249, The Avenue, London, Greater London E4 9SE3
£580K04/210.38 mi206, Larkshall Road, London, Greater London E4 6NP3
£491.5K05/210.39 mi221, The Avenue, London, Greater London E4 9SE3
£565K04/210.39 mi36, Fairlight Avenue, London, Greater London E4 6PA3
£645K02/210.4 mi51, Endlebury Road, London, Greater London E4 6QB3
£467.5K07/230.4 mi48, Coney Burrows, London, Greater London E4 6EB3
£510K05/210.41 mi136, Bluehouse Road, London, Greater London E4 6HP3
£650K01/220.42 mi6, Crofton Grove, London, Greater London E4 6NY3
£505K05/210.42 mi4, Daphne Gardens, London, Greater London E4 9SP3
£630K07/230.42 mi56, Abbotts Crescent, London, Greater London E4 9SB3

Local Rents

27 rents from £1.8K/mo to £2.9K/mo, average is £2.4K/mo.

RentDateDistanceAddressBeds 
£2,55004/240.11 mi-3
£2,50003/240.11 mi-3
£2,50004/240.11 mi-3
£2,55003/240.11 miWittenham Way, Chingford, E43
£2,90003/240.11 mi-3
£2,39512/240.16 mi-3
£1,80001/250.16 mi-3
£2,10003/240.2 miBlackthorne Drive, Chingford Hatch E43
£2,50012/230.22 mi-3
£1,80003/240.22 miHatch Lane, London3
£2,00003/240.24 miLukin Crescent, Chingford, E43
£1,80003/240.25 miHatch Lane, Chingford, E43
£2,20003/240.26 miLukin Crescent, Chingford E43
£2,50005/240.3 mi-3
£2,25011/240.3 mi-3
£2,50012/240.32 mi-3
£2,40004/250.33 mi-3
£2,40012/240.33 mi-3
£2,30012/240.33 mi-3
£2,40003/250.33 mi-3
£2,40003/250.33 mi-3
£1,85004/240.37 mi-3
£2,30011/240.4 mi-3
£2,30011/240.4 mi-3
£2,70003/240.46 miDale View Crescent, London3
£2,25005/240.46 miWhitehall Gardens, Chingford3
£2,65012/240.6 mi-3

Local Area Statistics

Population in E4

60,225

Population in London

4,771,921

Town centre distance

8.04 miles away

Nearest school

0.40 miles away

Nearest train station

0.83 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+13%

Sales demand

Seller's market

Capital growth (5yrs)

+26%

Property History

Listed for £360,000

November 25, 2024

Floor Plans

Description

  • Council Tax Band D, Freehold, +
  • Fitted Family Bathroom +
  • Fitted Kitchen +
  • Three-Well Proportioned Bedrooms +
  • Dual-Level Rear Yard +
  • Lean To Greenhouse +
  • Very Spacious Living Room With Bay Windows +
  • Driveway for Off-Road Parking +
  • Great Location, Close Proximity to Chingford Overground +
  • Viewing Advised +

CASH BUYERS ONLY-
This characterful end terraced property with traditional features would make a perfect family home or great investment opportunity. With close proximity to Epping Forest and the London Overground this is an ideal location. Don't miss out and book your viewing now!

This end terrace home is located on the outskirts of London just a 10 minute drive away from Epping forest, providing 2,400 hectares of ancient woodlands, enchanted forest and beautiful countryside. 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 with the property being closely located to the Chingford Overground station, providing regular services to London Liverpool Street.

The accommodation briefly comprises a welcoming entrance way through to a very spacious living/dining room with front facing bay windows, a fitted kitchen with a separate utility room and a four-piece bathroom with a tub-shower combination, a bidet, a hand wash basin and a WC. As well as a lean to greenhouse for side access to the property.

To the first floor is an inviting landing area through to three well-proportioned bedrooms.

Externally, the property benefits from a dual-level rear yard complete with a shed, a front driveway for off-road parking and a tiled path for access to the garden from the front of the property.

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.

Agent Details

Springbok Properties, Nationwide

0161 416 6302

Next Steps?

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