2 Bed Flat, Refurb/BRRR, London, E17 4JP, £235,000

Brookscroft Road, London, E17 4JP - 1 views - 4 months ago

Sold STC
Leasehold
Auction
Refurb/BRRR
ROI: 4%
~55 m²
+10 photos

ValuationFair Value

Sold Prices£277K - £585K
Sold Prices/m²£4.5K/m² - £11.3K/m²

 

 

Square Metres

~55.10 m²
Price/m²£4.3K/m²

Value Estimate

£237,350

 

 

End Value (After Refurb)

£357,039

Uplift in Value

+52%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£58,750

Stamp Duty & Legal Fees

£12,950

Refurb Costs

£29,150

Bridging Loan Interest

£6,169

Total Cash In

£108,768

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£357,039

Agent Fees (1%)

£3,570

Bridging Loan

£176,250

Bridging Loan Interest

£6,169

Flip Profit

£68,450

Local Sold Prices

50 sold prices from £277K to £585K, average is £440.4K. £4.5K/m² to £11.3K/m², average is £6.9K/m².

PriceDateDistanceAddressBeds 
£414K02/210.11 mi27, Northbank Road, London, Greater London E17 4JY2
£420K12/200.31 mi70, Spruce Hills Road, London, Greater London E17 4LD2
£420K12/200.34 mi278, Brettenham Road, London, Greater London E17 5AU2
£472K06/230.34 mi312, Brettenham Road, London, Greater London E17 5AU2
£434K12/200.35 mi321, Brettenham Road, London, Greater London E17 5AT2
£435K08/210.42 mi266, Brettenham Road, London, Greater London E17 5AY2
£524.5K02/230.42 mi250, Brettenham Road, London, Greater London E17 5AY2
£325K04/210.43 mi221, Brettenham Road, London, Greater London E17 5AX2
£344.5K03/230.47 mi13, Sky Peals Road, Woodford Green, Greater London IG8 9NE2
£325K03/210.52 mi174, Hale End Road, Woodford Green, Greater London IG8 9LZ2
£447.5K01/210.54 mi119, Brettenham Road, London, Greater London E17 5AZ2
£325K01/210.54 mi6, Winsbeach, London, Greater London E17 3SS2
£478K06/210.55 mi36, Brettenham Road, London, Greater London E17 5BA2
£277K02/210.55 miFlat 1, Boyden House, Shernhall Street, London, Greater London E17 3ET2
£340K06/230.59 miFlat 17, Powell Court, Prospect Hill, London, Greater London E17 3EN2
£362K07/210.6 miFlat 10, Newton House, Prospect Hill, London, Greater London E17 3ER2
£520K02/230.6 mi198, Carr Road, Walthamstow, London, Greater London E17 5EW2
£497K02/210.6 mi214, Carr Road, Walthamstow, London, Greater London E17 5EW2
£440K11/210.61 mi82, Carr Road, London, Greater London E17 5EN2
£428K11/200.61 mi148, Carr Road, Walthamstow, London, Greater London E17 5EW2
£380K01/230.61 mi14, Fyfield Road, London, Greater London E17 3RG2
£433K06/210.61 mi64, Carr Road, Walthamstow, London, Greater London E17 5EN2
£460K04/230.61 mi32, Carr Road, Walthamstow, London, Greater London E17 5EN2
£405K01/210.63 mi53a, Carr Road, London, Greater London E17 5ER2
£469.9K04/210.65 mi18, Winns Terrace, London, Greater London E17 5EJ2
£476.5K12/200.65 mi208, Fleeming Road, Walthamstow, London, Greater London E17 5EU2
£477.5K05/210.65 mi65, Winns Terrace, London, Greater London E17 5EJ2
£505K11/210.65 mi174, Fleeming Road, Walthamstow, London, Greater London E17 5EU2
£485K11/210.65 mi222, Fleeming Road, London, Greater London E17 5EU2
£460.2K11/200.66 mi90, Fleeming Road, Walthamstow, London, Greater London E17 5ES2
£475K05/230.66 mi48, Fleeming Road, Walthamstow, London, Greater London E17 5ES2
£460K03/210.66 mi72, Fleeming Road, Walthamstow, London, Greater London E17 5ES2
£485K06/230.66 mi74, Fleeming Road, Walthamstow, London, Greater London E17 5ES2
£470K12/200.67 mi14, Fleeming Road, London, Greater London E17 5ES2
£405K12/220.68 mi152a, Selwyn Avenue, London, Greater London E4 9LS2
£480K07/230.68 mi73, Fleeming Road, Walthamstow, London, Greater London E17 5ET2
£585K03/230.68 mi40, Winns Avenue, Walthamstow, London, Greater London E17 5EL2
£440.8K03/210.68 mi6, Winns Avenue, Walthamstow, London, Greater London E17 5EL2
£495K01/230.69 mi58, Winns Avenue, Walthamstow, London, Greater London E17 5EL2
£465K05/210.7 mi73, Badlis Road, London, Greater London E17 5LG2
£506.5K02/210.7 mi13, Badlis Road, London, Greater London E17 5LG2
£435K01/210.7 mi25, Church Hill Road, London, Greater London E17 9RX2
£325K04/210.71 miFirst Floor Flat, 33, Cavendish Road, London, Greater London E4 9NQ2
£435.8K05/210.72 mi116, Diana Road, Walthamstow, London, Greater London E17 5LF2
£330K09/210.72 mi397a, Hale End Road, Woodford Green, Greater London IG8 9LL2
£405K05/210.74 mi2e, Church Hill Road, London, Greater London E17 9RX2
£448K04/210.76 mi12, Mersey Road, London, Greater London E17 5LB2
£303K12/200.77 mi27, Beaufort Close, London, Greater London E4 9XF2
£303K12/200.77 mi27, Beaufort Close, London, Greater London E4 9XF2
£450K02/230.77 mi445, Forest Road, Walthamstow, London, Greater London E17 5LD2

Local Rents

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

RentDateDistanceAddressBeds 
£1,45012/240.11 mi-2
£1,45002/250.11 mi-2
£1,70002/240.13 mi-2
£1,75005/240.19 miKitchener Road, Walthamstow E172
£1,60004/240.19 miFulbourne Road, Walthamstow, London, E172
£1,60004/240.19 miFulbourne Road, Walthamstow2
£2,25002/250.23 mi-2
£1,80003/250.23 mi-2
£1,65004/240.25 miSt. Johns Road, London2
£1,85003/240.27 mi-2
£2,30001/240.28 mi-2
£1,99503/240.33 miHawker Place, London, E172
£1,90005/240.35 mi-2
£1,75003/240.36 miBrettenham Road, Walthamstow2
£1,80004/240.38 miCecil House, Chingford Road, Walthamstow E172
£1,80004/240.38 miCecil House, Walthamstow2
£1,50003/240.38 miWadham Avenue, Walthamstow, London, E172
£1,70003/250.47 mi-2
£1,70002/250.48 mi-2
£2,45003/250.53 mi-2
£2,22002/240.54 mi-2
£1,49903/240.55 mi-2
£1,49902/240.55 mi-2
£2,10003/240.56 miWoodlands Road, Walthamstow E172
£1,55003/250.56 mi-2
£1,47503/250.56 mi-2
£1,69503/240.57 miOff Wood St, Walthamstow, London, E172
£1,69504/240.57 miOff Wood St, Walthamstow, London, E172
£1,60003/240.57 miHavant Road, Walthamstow, London, E172
£1,75005/240.58 miHillcrest Road, Walthamstow2
£1,75003/240.59 miFernhill Court, (PP404), Walthamstow2
£1,75012/240.6 mi-2
£1,55003/240.6 miForest Road, Walthamstow2
£1,85004/240.6 miCarr Road, E172
£2,15003/240.6 miHoward Road, Walthamstow2
£1,90001/250.6 mi-2
£2,20001/240.6 mi-2
£2,40003/240.61 mi-2
£1,60003/240.61 miPoplars House, The Drive, Walthamstow, E172
£1,80003/240.61 miCarr Road, Walthamstow, London, E172
£1,90004/240.61 miCarr Road, Walthamstow, London, E172
£1,90004/240.61 miCarr Road, Walthamstow, London, E172
£2,10003/250.61 mi-2
£1,95003/240.62 miForest Road, Walthamstow2

Local Area Statistics

Population in E17

102,968

Population in London

4,771,921

Town centre distance

6.29 miles away

Nearest school

0.20 miles away

Nearest train station

0.78 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+1%

Sales demand

Seller's market

Capital growth (5yrs)

+19%

Property History

Price changed to £235,000

January 8, 2025

Listed for £265,000

December 9, 2024

Floor Plans

Description

  • Being Sold By GOTO Online Auction +
  • Buy-It-Now Option Available +
  • Buyer’S Fees Apply +
  • Two Bedroom Ground Floor Flat +
  • Excellent Walthamstow Location +
  • In Need Of Full Refurbishment +
  • Chain Free +
  • Auction +

The Property
*Attention all project enthusiasts! Modern Method Auction*

This two-bedroom ground-floor flat is now available for viewing and offers an exciting opportunity to create your dream home. While the property requires a complete refurbishment and a lease extension, its fantastic potential is undeniable.

Inside, the flat features two well-proportioned bedrooms, a family bathroom, and a kitchen, providing a solid foundation for you to personalize and reimagine. The highlight is undoubtedly the generously sized mature garden, offering a private outdoor oasis perfect for entertaining, gardening, or simply unwinding after a long day.

Lease info: 99 years from 25 March 1982 which may affect the ability to purchase the property with a mortgage or lending.

Location
Located in the vibrant neighborhood of Walthamstow, Brookscroft Road presents an ideal setting for families and professionals alike, combining community charm with urban convenience. The area is renowned for its family-friendly atmosphere, boasting a variety of highly regarded local schools within easy reach, making it a prime choice for those prioritizing education.

Nature enthusiasts and active families will appreciate the abundance of nearby parks and green spaces, perfect for leisurely strolls, outdoor activities, or simply unwinding in a tranquil setting. Complementing this are Walthamstow’s distinctive amenities, including a rich selection of independent cafes, trendy eateries, and boutique shops that lend the area its unique character and vibrant local culture.

Brookscroft Road is exceptionally well-connected, with excellent transport options that make commuting to central London and beyond a breeze. Whether by car or public transport, residents can easily access key destinations, enhancing the appeal of this sought-after location. Its blend of connectivity, amenities, and community feel makes it an attractive choice for a diverse range of residents.

Specification
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.

Being Sold by GOTO Online Auction
Starting Bids from £235000

Buy it now option available

Please call or visit Purplebricks Online Auctions for more information.

This property is for sale by Online Auction. The Online Modern Method of Auction is a flexible buyer friendly method of purchase. The purchaser will have 56 working days to exchange and complete once the draft contract has been received by the buyer’s solicitor (or 10 working days after receipt of the buyer’s premium, whichever is earlier). Allowing the additional time to exchange and complete on the property means interested parties can proceed with traditional residential finance. Upon close of a successful auction or if the vendor accepts an offer during the auction, the buyer will be required to put down a non-refundable reservation fee called a Buyer’s Premium. This secures the transaction and takes the property off the market. The buyer will be required to agree to our terms and conditions prior to solicitors being instructed. Copies of the Reservation form and all terms and conditions can be found on the online Auction website or requested from our Auction Department.

Please note this property is subject to an undisclosed Reserve Price which is typically no more than 10% in excess of the Starting Bid. Both the Starting Bid and Reserve Price can be subject to change. Our primary duty of care is to the vendor. Terms and conditions apply to the Modern Method of Auction, which is operated by GOTO Auctions.
To book a viewing visit Purplebricks

Spec Continued

Auctioneer's Comments

This property is for sale by Online Auction which is a flexible and buyer friendly method of purchase. The purchaser will not be exchanging contracts on the fall of the virtual hammer but will be given 56 working days in which to complete the transaction, from the date the Draft Contract is issued by the seller’s solicitor. By giving a buyer time to exchange contracts on the property, means normal residential finance can be arranged.

The Buyer’s Premium secures the transaction and takes the property off the market. Fees paid to the Auctioneer reserve the property to the buyer during the Reservation Period and are paid in addition to the purchase price and are considered within calculations for Stamp Duty Land Tax. Further clarification on this must be sought from your legal representative. The buyer will be required to sign a Reservation form to confirm acceptance of terms prior to solicitors being instructed. Copies of the Reservation form and all terms and conditions can be found in the Legal Pack which can be downloaded for free from our website or requested from our Auction Department.

Buyer Fees
• Upon close of a successful auction or if the vendor accepts an offer during the auction, the buyer will be required to make payment of a non-refundable Buyer’s Premium of 3.6% of the purchase price including VAT (this is subject to a minimum amount of £6,600 including VAT) and a Legal Pack fee of £372 including VAT. This secures the transaction and takes the property off the market.
• 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: No review period

Service charge review period: No review period

Lease end date: 24/03/2081

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 💪