2 Bed Flat, Single Let, Loughton, IG10 2PP, £300,000

The Croft, Loughton, IG10 2PP - 7 views - 4 months ago

Leasehold
BTL
ROI: 3%
~68 m²
+9 photos

ValuationUndervalued

Sold Prices£170K - £475K
Sold Prices/m²£2.3K/m² - £7.8K/m²

 

 

Square Metres

~68.11 m²
Price/m²£4.4K/m²

Value Estimate

£372,000
BMV24%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£75,000

Stamp Duty & Legal Fees

£12,700

Total Cash In

£87,700

 

 

Cash Out

 

Rent Range

£1,395 - £2,500

Rent Estimate

£1,450

Running Costs/mo

£1,248

Cashflow/mo

£203

Cashflow/yr

£2,430

ROI

3%

Gross Yield

6%

Local Sold Prices

50 sold prices from £170K to £475K, average is £320K. £2.3K/m² to £7.8K/m², average is £5.7K/m².

PriceDateDistanceAddressBeds 
£295K11/200.3 mi125, Pyrles Lane, Loughton, Essex IG10 2NH2
£285K11/210.4 mi82, Swanshope, Loughton, Essex IG10 2NB2
£285K12/200.4 mi83, Swans Hope, Loughton, Essex IG10 2NB2
£267.5K04/210.4 mi75, Swans Hope, Loughton, Essex IG10 2NB2
£475K06/210.53 mi45, Queens Road, Loughton, Essex IG10 1RR2
£455K02/210.53 mi21, Queens Road, Loughton, Essex IG10 1RR2
£290K12/200.63 mi38, Borders Lane, Loughton, Essex IG10 3QU2
£335K09/220.65 mi18, York Hill, Loughton, Essex IG10 1RL2
£265K03/210.75 mi297a, High Road, Loughton, Essex IG10 1AL2
£265K11/200.75 mi303a, High Road, Loughton, Essex IG10 1AL2
£265K03/210.75 mi297a, High Road, Loughton, Essex IG10 1AL2
£320K01/230.77 mi19, Bryony Close, Loughton, Essex IG10 3PG2
£295K05/230.77 mi20, Bryony Close, Loughton, Essex IG10 3PG2
£315K10/210.77 mi12, Bryony Close, Loughton, Essex IG10 3PG2
£305K06/210.78 mi52, School House Gardens, Loughton, Essex IG10 3PD2
£325K11/200.78 mi24, School House Gardens, Loughton, Essex IG10 3PD2
£255K01/211.06 mi84, Longcroft Rise, Loughton, Essex IG10 3ND2
£170K11/201.06 mi86, Longcroft Rise, Loughton, Essex IG10 3ND2
£291.5K12/221.06 mi53, Longcroft Rise, Loughton, Essex IG10 3ND2
£280K12/201.08 mi31, Barncroft Road, Loughton, Essex IG10 3EY2
£323K04/211.08 mi4, Barncroft Road, Loughton, Essex IG10 3EY2
£305K04/211.08 mi11, Barncroft Road, Loughton, Essex IG10 3EY2
£340K12/221.08 mi31, Barncroft Road, Loughton, Essex IG10 3EY2
£310K02/211.08 mi22, Barncroft Road, Loughton, Essex IG10 3EY2
£241K11/201.14 mi133, Highwood Lane, Loughton, Essex IG10 3LY2
£218K06/231.14 mi154, Highwood Lane, Loughton, Essex IG10 3LY2
£250K09/211.17 mi98, Highwood Lane, Loughton, Essex IG10 3LX2
£232K06/231.17 mi106, Highwood Lane, Loughton, Essex IG10 3LX2
£320K01/211.18 mi134, River Way, Loughton, Essex IG10 3LL2
£317.5K10/201.18 mi126, River Way, Loughton, Essex IG10 3LL2
£343K02/211.19 mi109, River Way, Loughton, Essex IG10 3LN2
£283K06/211.2 mi99, River Way, Loughton, Essex IG10 3LN2
£350K06/211.2 mi145, River Way, Loughton, Essex IG10 3LN2
£370K01/211.23 mi10, Meadow Road, Loughton, Essex IG10 4HX2
£462.5K06/211.31 miFlat 13, Collins Court, Lower Park Road, Loughton, Essex IG10 4NL2
£419.5K01/211.31 mi3a, Lower Park Road, Loughton, Essex IG10 4NB2
£370K07/231.32 mi3, Valley Close, Loughton, Essex IG10 3AB2
£335K09/211.32 mi24, Valley Close, Loughton, Essex IG10 3AB2
£360K06/211.34 miFlat 41, Carlton House, Algers Road, Loughton, Essex IG10 4RS2
£395K11/201.34 miFlat 51, Carlton House, Algers Road, Loughton, Essex IG10 4RS2
£400K02/231.36 mi7, Algers Road, Loughton, Essex IG10 4NQ2
£410K03/231.38 mi1, Algers Mead, Loughton, Essex IG10 4NJ2
£415K02/231.39 mi18, Algers Close, Loughton, Essex IG10 4NH2
£385K06/211.39 mi6, Algers Close, Loughton, Essex IG10 4NH2
£395K07/231.39 mi90, Lower Park Road, Loughton, Essex IG10 4NE2
£310K03/211.47 mi35, Cheltenham Gardens, Loughton, Essex IG10 3AW2
£340K12/201.58 mi5, Avondale Close, Loughton, Essex IG10 3DH2
£327.5K04/211.73 mi20, Forest Drive, Theydon Bois, Epping, Essex CM16 7EY2
£380K11/221.73 mi22, Forest Drive, Theydon Bois, Epping, Essex CM16 7EY2
£340K03/231.73 mi22b, Forest Drive, Theydon Bois, Epping, Essex CM16 7EY2

Local Rents

29 rents from £1.4K/mo to £2.5K/mo, average is £1.8K/mo.

RentDateDistanceAddressBeds 
£1,45004/240 miMilliners Court, Loughton2
£1,50004/240.08 miGoldings Hill, Loughton2
£1,79904/240.08 mi-2
£1,79912/240.08 mi-2
£1,60005/240.1 miLoughton, IG102
£1,39501/240.11 miGoldings Hill, Loughton, Essex, IG102
£1,95004/240.12 miLower Road, Loughton, IG102
£2,00004/240.22 miLoughton, IG102
£1,50006/240.36 miDroveway Close, Loughton, IG102
£1,60005/240.36 mi4, Droveway, Loughton, Essex, IG102
£1,45006/240.36 miDroveway, Loughton, IG102
£1,70004/240.4 miSycamore Close, Loughton, IG102
£1,75005/240.41 miLawton Green, Loughton, IG102
£1,75005/240.41 mi-2
£1,85002/250.41 mi-2
£1,80004/240.44 miChurch Lane, Loughton, IG102
£1,90004/240.47 miBurney Drive, Loughton, IG102
£1,70003/250.47 mi-2
£1,60005/240.5 miChurch Hill, Loughton, Essex, IG102
£1,70003/250.53 mi-2
£1,80005/240.55 miAbbess Terrace, Loughton, IG102
£1,70005/240.55 miAbbess Terrace, Loughton2
£1,85004/240.58 miLuna Court, Loughton2
£1,79504/240.58 miMonroe House, 12-16 Church Hill, Loughton, IG102
£1,75004/240.59 miLuna Court, Newmans Lane, Loughton, IG102
£1,79504/240.6 miMonroe House Loughton2
£2,50004/240.61 miBorders Lane, Loughton2
£2,35004/240.62 miBorders Lane, Loughton2
£2,10005/240.62 miEpping Gate, Loughton2

Local Area Statistics

Population in IG10

31,513

Population in Loughton

31,515

Town centre distance

0.76 miles away

Nearest school

0.30 miles away

Nearest train station

1.02 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-3%

Sales demand

Balanced market

Capital growth (5yrs)

+11%

Property History

Listed for £300,000

December 4, 2024

Sold for £168,000

2011

Sold for £161,700

2009

Sold for £160,000

2005

Sold for £115,000

2001

Sold for £55,500

1997

Floor Plans

Description

  • Top Floor Apartment +
  • Two Bedrooms +
  • Good Size Lounge +
  • Fitted kitchen +
  • Bathroom With Shower +
  • Gas Central Heating +
  • PARKING FOR 4 CARS +
  • CHAIN FREE +

Offered to the market with no onward chain and having allocated parking for 4 CARS we are pleased to present this top floor apartment. The accommodation consists of a master bedroom with built in wardrobes, a large second bedroom, a good size lounge, a modern fitted kitchen and bathroom with shower. This lovely apartment also benefits from gas central heating and we understand from our vendor that the lease has 94 years remaining, an annual service charge of £ 2150.00 and £ 125.00 ground rent.

Agent Details

Montagues, Epping

01992 571175

Next Steps?

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