3 Bed Detached House, Refurb/BRRR, London, E4 7NU, £475,000

128 Kings Head Hill, London, Greater London, E4 7NU - 4 views - 5 months ago

Sold STC
Cash
Refurb/BRRR
Planning
ROI: 1%
97 m²

ValuationFair Value

Sold Prices£420K - £1.3M
Sold Prices/m²£3.4K/m² - £9K/m²

 

 

Square Metres

97 m²
Price/m²£4.9K/m²

Value Estimate

£475,000

 

 

End Value (After Refurb)

£529,091

Uplift in Value

+11%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£118,750

Stamp Duty & Legal Fees

£26,700

Refurb Costs

£51,316

Bridging Loan Interest

£12,469

Total Cash In

£210,985

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£529,091

Mortgage (After Refinance)

£396,818

Mortgage LTV

75%

Cash Released

£40,568

Cash Left In

£170,417

Equity

£132,273

Rent Range

£1,800 - £2,750

Rent Estimate

£2,371

Running Costs/mo

£2,148

Cashflow/mo

£223

Cashflow/yr

£2,681

ROI

1%

Gross Yield

6%

Local Sold Prices

50 sold prices from £420K to £1.3M, average is £548.5K. £3.4K/m² to £9K/m², average is £5.7K/m².

PriceDateDistanceAddressBeds 
£547K01/210.08 mi5, Holly Drive, London, Greater London E4 7NG3
£500K07/230.11 mi31, Maida Avenue, London, Greater London E4 7JH3
£560K09/210.14 mi13, Maida Way, London, Greater London E4 7JL3
£540K02/210.16 mi18, Maida Avenue, London, Greater London E4 7JN3
£420K06/210.17 mi130, College Gardens, London, Greater London E4 7LP3
£440K06/210.17 mi165, Kings Head Hill, London, Greater London E4 7JG3
£802.5K03/230.17 mi42, Pole Hill Road, London, Greater London E4 7LZ3
£465K04/210.18 mi2, Merryhill Close, London, Greater London E4 7PT3
£831K01/230.19 mi4, South Avenue, London, Greater London E4 7NW3
£535K06/210.2 mi13, South Avenue, London, Greater London E4 7NW3
£440K06/230.23 mi4, St Egberts Way, London, Greater London E4 6QH3
£600K03/210.23 mi8, Seymour Road, Chingford, London, Greater London E4 7LS3
£450K05/210.24 mi83, Mansfield Hill, London, Greater London E4 7JP3
£500K11/200.24 mi81, Mansfield Hill, London, Greater London E4 7JP3
£784K12/200.25 mi33, Woodberry Way, London, Greater London E4 7DY3
£520K05/210.25 mi2, Margaret Avenue, London, Greater London E4 7NP3
£467.5K12/210.3 mi35, Mark Avenue, London, Greater London E4 7NR3
£529K01/210.3 mi17, Mark Avenue, London, Greater London E4 7NR3
£485K06/210.36 mi3, Meadow Close, London, Greater London E4 7LD3
£445K05/210.36 mi15, Meadow Close, London, Greater London E4 7LD3
£510K03/230.36 mi40, Epping Way, London, Greater London E4 7PB3
£530K10/200.37 mi4, Arabia Close, London, Greater London E4 7DU3
£610K08/210.44 mi24, Pretoria Crescent, London, Greater London E4 7HE3
£615K06/230.47 mi68, Hawkwood Crescent, London, Greater London E4 7PJ3
£520K03/230.47 mi105, Hawkwood Crescent, London, Greater London E4 7PH3
£615K03/210.49 mi50, Scholars Road, London, Greater London E4 7HH3
£570K01/230.5 mi22, Scholars Road, London, Greater London E4 7HH3
£630K02/210.5 mi20, Scholars Road, London, Greater London E4 7HH3
£485K06/210.5 mi42, Hawkwood Crescent, London, Greater London E4 7PN3
£690K04/230.53 mi27, Buxton Road, Chingford, London, Greater London E4 7DP3
£600K11/200.54 mi34, Silverthorn Gardens, London, Greater London E4 8BP3
£580K12/200.56 mi13, Balgonie Road, London, Greater London E4 7HL3
£550K05/210.57 mi26, Richmond Road, Chingford, London, Greater London E4 7BN3
£1.3M02/210.57 mi36, Forest View, Chingford, London, Greater London E4 7AU3
£460K03/210.58 mi29, Yardley Lane, London, Greater London E4 7RS3
£495K12/200.61 mi34, Endlebury Road, London, Greater London E4 6QG3
£686.5K03/210.61 mi42, Elmfield Road, London, Greater London E4 7HU3
£550K01/210.64 mi23, Kings Road, Chingford, London, Greater London E4 7HP3
£570K02/210.64 mi43, Kings Road, Chingford, London, Greater London E4 7HP3
£615K11/210.64 mi3, Dale View Avenue, London, Greater London E4 6PJ3
£565K04/210.67 mi36, Fairlight Avenue, London, Greater London E4 6PA3
£645K02/210.69 mi51, Endlebury Road, London, Greater London E4 6QB3
£730K01/230.69 mi56, Dale View Crescent, London, Greater London E4 6PQ3
£525K11/210.69 mi16, Denner Road, London, Greater London E4 7SQ3
£475K11/200.7 mi258, Old Church Road, London, Greater London E4 8BT3
£483K12/200.7 mi29, Lansdowne Road, London, Greater London E4 7SH3
£510K10/200.7 mi3, Springfield Road, London, Greater London E4 7DJ3
£595.1K06/210.71 mi50, Wellington Avenue, London, Greater London E4 6RE3
£610K03/210.71 mi16, Fairlight Close, London, Greater London E4 6PB3
£665K02/230.71 mi8, Fairlight Close, London, Greater London E4 6PB3

Local Rents

13 rents from £1.8K/mo to £2.8K/mo, average is £2.4K/mo.

RentDateDistanceAddressBeds 
£2,10012/230.32 mi-3
£2,50002/240.32 mi-3
£2,20003/240.35 miAmesbury Drive, North Chingford, E43
£2,50012/230.37 mi-3
£2,50001/250.41 mi-3
£2,30003/250.42 mi-3
£2,45001/250.42 mi-3
£2,35002/250.42 mi-3
£2,35003/250.42 mi-3
£2,35003/250.42 mi-3
£2,50003/250.42 mi-3
£1,80004/240.42 miLea Court, The Ridgeway, London, E43
£2,75005/240.45 miStation Road, Chingford3

Local Area Statistics

Population in E4

60,225

Population in London

4,771,921

Town centre distance

8.40 miles away

Nearest school

0.20 miles away

Nearest train station

0.76 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+13%

Sales demand

Seller's market

Capital growth (5yrs)

+26%

Property History

Listed for £475,000

November 27, 2024

Sold for £205,000

2002

Floor Plans

Description

  • 3 bedrooms +
  • Detached +
  • Ideal for INVESTORS +
  • Corner plot +
  • Close to station +
  • In need of planning permission +
  • No chain +
  • Close to good schooling +
  • Parking +
  • Popular location +

CASH BUYERS ONLY Situated on a wide plot is this 3 bedroom detached bungalow which is in need of complete refurbishment. Huge potential for investor subject to the correct planning permission.

CASH BUYERS ONLY

Located on the corner of Kings Head Hill and Holly Drive is this 3 bedroom detached bungalow which is an ideal purchase for an investor to utilise the comer plot (subject to planning).
The property is very run down and in need of complete renovation

The property is conveniently situated 0.5 miles from Station Road in North Chingford. Amenities here include independent boutiques and beauty salons, restaurants and bars, supermarkets (Tesco Express & The Co-op) and coffee shops (Cafe Nero & Costa Coffee)

Chingford overground station is approximately 1 mile away and offers direct links into Liverpool Street. It is worth mentioning that one of the stops on the Chingford Line is Walthamstow where the tube line (Victorian Line) can be picked up.

For the outdoor types local amenities include Epping Forest which offers a huge area to exercise the dog or for that Saturday morning run, Chingford Golf Club and Chingford Leisure Centre.

Motorists are well served by the close proximity of the M25, Junction 26 (approximately 5 miles) and M11, Junction 4(approximately 4 miles)

A further variety of amenities can be found in the neighbouring towns of Buckhurst Hill, Loughton, Epping, Chigwell and Woodford.

E.P.C Rating: G
Council Tax: Band: (Waltham Forest Borough band G)
Freehold

All the information provided about this property does not constitute or form part of an offer or contract, nor maybe it be regarded as representations. All interested parties must verify accuracy and your solicitor must verify tenure/lease information, fixtures & fittings and, where the property has been extended/converted, planning/building regulation consents. All dimensions are approximate and quoted for guidance only as are floor plans which are not to scale, and their accuracy cannot be confirmed. Reference to appliances and/or services does not imply that they are necessarily in working order or fit for the purpose.

Agent Details

William Rose, Highams Park & Chingford

020 3907 3535

Next Steps?

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