2 Bed Flat, Single Let, London, E11 1EJ, £80,000

Hainault Road, London, E11 1EJ - 24 views - 5 months ago

Sold STC
Leasehold
BTL
ROI: 29%
~68 m²
+6 photos

ValuationUndervalued

Sold Prices£150K - £774K
Sold Prices/m²£4.3K/m² - £11.5K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.2K/m²

Value Estimate

£98,400
BMV23%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£20,000

Stamp Duty & Legal Fees

£3,600

Total Cash In

£23,600

 

 

Cash Out

 

Rent Range

£1,500 - £3,400

Rent Estimate

£1,050

Running Costs/mo

£480

Cashflow/mo

£570

Cashflow/yr

£6,840

ROI

29%

Gross Yield

16%

Local Sold Prices

50 sold prices from £150K to £774K, average is £450K. £4.3K/m² to £11.5K/m², average is £7.6K/m².

PriceDateDistanceAddressBeds 
£400K04/230.07 miFlat B, 20, Wallwood Road, London, Greater London E11 1DF2
£390K05/230.11 mi47, Wallwood Road, London, Greater London E11 1DQ2
£390K03/210.13 mi2a, Clarendon Road, Leytonstone, London, Greater London E11 1DA2
£417K04/210.16 mi9d, Queens Road, Leytonstone, London, Greater London E11 1BA2
£330K06/210.2 mi3, Serbin Close, London, Greater London E10 6JL2
£298K01/210.2 mi10, Serbin Close, London, Greater London E10 6JL2
£315K01/230.2 miFlat 3, Bloomsbury Court, Chelmsford Road, Leytonstone, London, Greater London E11 1DP2
£309K02/230.21 miFlat 12, Fairlop Court, Fairlop Road, Leytonstone, London, Greater London E11 1BG2
£287.5K11/200.22 mi187, Forest Road, Leytonstone, London, Greater London E11 1JS2
£350K06/210.22 miFlat 6, Queens Court, Queens Road, Leytonstone, London, Greater London E11 1BD2
£435.5K02/210.26 mi38, Cavendish Drive, London, Greater London E11 1DN2
£460K11/200.27 mi58a, Kings Road, London, Greater London E11 1AT2
£774K02/210.29 mi74, Lytton Road, London, Greater London E11 1JH2
£435K06/230.31 mi26a, Fletcher Lane, London, Greater London E10 6JE2
£405K06/210.32 mi460c, Grove Green Road, London, Greater London E11 1SL2
£470K02/210.33 mi23, Fillebrook Road, London, Greater London E11 4AU2
£150K06/210.34 mi91, Morley Road, London, Greater London E10 6LH2
£375K02/230.34 mi4b, Forest Road, Leytonstone, London, Greater London E11 1JT2
£430K03/210.35 mi131, Albert Road, Leyton, London, Greater London E10 6PA2
£489K06/230.35 mi144, Newport Road, London, Greater London E10 6PF2
£480K02/230.36 mi140a, Wallwood Road, London, Greater London E11 1AN2
£480K02/230.36 miLower Ground Floor Flat, 140, Wallwood Road, London, Greater London E11 1AN2
£498.5K02/230.36 mi182, Albert Road, Leyton, London, Greater London E10 6PD2
£456K05/210.36 mi188, Albert Road, Leyton, London, Greater London E10 6PD2
£471K02/210.36 mi218, Albert Road, Leyton, London, Greater London E10 6PD2
£504K11/210.39 mi118, Newport Road, London, Greater London E10 6PG2
£465K03/210.39 mi155, Newport Road, London, Greater London E10 6PG2
£225K04/210.4 miFlat 31, Chessington Mansions, Colworth Road, London, Greater London E11 1HZ2
£450K06/230.41 mi4, Jersey Road, London, Greater London E11 4BL2
£470K04/210.41 mi9, Jersey Road, London, Greater London E11 4BL2
£456K02/210.42 mi83, Scotts Road, London, Greater London E10 6LN2
£485K03/210.42 mi65, Scotts Road, London, Greater London E10 6LN2
£459K12/200.42 mi25, Scotts Road, London, Greater London E10 6LN2
£511K02/230.42 mi33, Scotts Road, London, Greater London E10 6LN2
£500K04/210.44 mi85, Poppleton Road, London, Greater London E11 1LS2
£421K06/210.44 mi144, Albert Road, Leyton, London, Greater London E10 6PB2
£545K03/210.44 miGround Floor Flat, 63, Poppleton Road, London, Greater London E11 1LP2
£453.3K12/200.45 mi4a, Morley Road, London, Greater London E10 6LL2
£462K12/200.45 mi132, Morley Road, London, Greater London E10 6LL2
£330K09/210.45 miFlat B, 127, Poppleton Road, London, Greater London E11 1LS2
£432.5K01/230.45 miFlat A, 47, Richmond Road, Leytonstone, London, Greater London E11 4BX2
£425K11/200.47 mi45a, Claude Road, London, Greater London E10 6NG2
£475K04/210.47 mi84, Brunswick Road, London, Greater London E10 6RS2
£492.5K01/210.47 mi36, Brunswick Road, London, Greater London E10 6RS2
£450K06/210.47 mi94, Brunswick Road, London, Greater London E10 6RS2
£485K04/230.47 mi14, Brunswick Road, London, Greater London E10 6RS2
£350K11/200.48 mi50, Scotts Road, London, Greater London E10 6LW2
£470K06/210.48 mi74, Brunswick Road, London, Greater London E10 6RS2
£191.9K02/210.48 mi24, Claude Road, London, Greater London E10 6ND2
£449.4K10/210.48 mi110, Murchison Road, London, Greater London E10 6LX2

Local Rents

50 rents from £1.5K/mo to £3.4K/mo, average is £1.8K/mo.

RentDateDistanceAddressBeds 
£1,89805/240.08 miHainult Road E112
£1,70012/240.1 mi-2
£1,60004/250.1 mi-2
£1,70003/240.13 miBulwer Road, Leytonstone, E112
£1,70003/240.15 mi-2
£1,90003/240.16 miBulwer Road, London, E112
£1,80004/240.18 miWoodriffe Road, Leytonstone, E112
£1,90004/250.19 mi-2
£1,65012/240.2 mi-2
£1,60001/250.2 mi-2
£1,65005/240.2 miBulwer Court Road, Leytonstone2
£2,10004/250.2 mi-2
£1,85002/240.21 mi-2
£1,50005/240.21 mi-2
£1,50004/240.21 miBulwer Court, London, E112
£2,00012/240.21 mi-2
£2,00002/250.21 mi-2
£2,00002/240.21 mi-2
£1,85003/250.21 mi-2
£2,20003/250.21 mi-2
£1,85003/240.21 miFairlop Road, London, E112
£2,00003/250.22 mi-2
£2,10010/230.22 miForest Drive East, Leytonstone, E112
£2,50005/240.22 mi-2
£1,70004/240.22 miQueens Road, Leytonstone, E112
£1,80010/230.22 miQueens Road, Leytonstone, E112
£1,70003/250.22 mi-2
£1,60001/250.22 mi-2
£1,85003/240.23 miQueens Road, Leytonstone, E11 1BA2
£3,30004/240.23 mi-2
£3,30004/240.23 mi-2
£3,40004/250.23 mi-2
£3,40001/250.23 mi-2
£1,82504/240.23 miQueens Road, Leytonstone, London, E112
£2,19511/240.24 mi-2
£1,75003/240.25 miHainault Road, Leytonstone London, E11 1EA2
£1,79504/240.26 miLeigh Road, London, E102
£1,79504/240.26 mi-2
£1,79504/240.26 mi-2
£1,79504/240.26 mi-2
£1,79504/240.26 mi-2
£1,65003/240.27 miChelmsford Road, Leytonstone, E112
£1,90003/240.27 mi-2
£2,00004/240.27 mi-2
£1,80003/240.28 mi2 Bedroom Flat - Leytonstone2
£1,70004/240.28 miColchester Road, Leyton, E102
£1,80005/240.28 miColchester Road, Leyton, E102
£1,90003/250.28 mi-2
£1,65004/240.29 miNorlington Road, Leyton2
£1,50005/240.3 miWesley Road, Leyton, E102

Local Area Statistics

Population in E11

55,128

Population in London

4,771,921

Town centre distance

5.44 miles away

Nearest school

0.20 miles away

Nearest train station

0.35 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+2%

Sales demand

Seller's market

Capital growth (5yrs)

+27%

Property History

Listed for £80,000

November 26, 2024

Description

  • Third Floor 2 double bedroom property +
  • Living Room 4.44m x 3.48m +
  • Bedroom 3.15m x 4.43m +
  • Bedroom 3.17m x 2.83m +
  • Kitchen 3.84m x 1.70m +
  • Bathroom/WC +
  • Leasehold with a remaining term of approximately 12.36 years from the date of this report, at a ground rent of £25 per annum (rising to £50 per annum) +

Next Home Ltd are delighted to offer this this well-appointed flat offers spacious accommodation, featuring a bright and airy living room, two comfortable bedrooms, a functional kitchen and a family bathroom with WC. The property also benefits from access to a well-maintained communal garden, perfect for relaxation.

Prime Location:Situated between the popular areas of Bakers Arms and High Road Leytonstone, the flat enjoys easy access to local amenities such as shops, gyms, restaurants, and leisure facilities. Transport links are excellent, with Leyton Midland Road (0.3 miles), Leytonstone Station (Central Line, 0.4 miles), and Leytonstone High Road Station (0.9 miles) all within walking distance. Liverpool Street is only a 10-12 minute journey from Leytonstone, making this an ideal location for commuters.

Green Spaces:Nature lovers will appreciate the nearby Abbotts Park and the vast open spaces of Epping Forest, offering ample opportunities for outdoor activities just a stone's throw away.

Additional Features:Centrally heated via a gas-fired system, which also provides domestic hot water.Mains-connected electricity, water, gas, and drainage.The property is leasehold with a remaining term of approximately 12.36 years from the date of this report, at a ground rent of £25 per annum (rising to £50 per annum).This is a rare opportunity to acquire a property in a highly sought-after part of Leytonstone. Viewings are highly recommended!

Agent Details

Next Home Ltd, Leyton

020 3910 6440

Next Steps?

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