2 Bed Flat, Single Let, London, E4 7NZ, £270,000

Redwood Gardens, London, Greater London, E4 7NZ - 3 months ago

Leasehold
BTL
ROI: 5%
~56 m²
+11 photos

ValuationUndervalued

Sold Prices£137.5K - £425K
Sold Prices/m²£2.8K/m² - £6.8K/m²

 

 

Square Metres

~56 m²
Price/m²£4.8K/m²

Value Estimate

£299,192
BMV11%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£67,500

Stamp Duty & Legal Fees

£15,700

Total Cash In

£83,200

 

 

Cash Out

 

Rent Range

£1,000 - £2,400

Rent Estimate

£1,475

Running Costs/mo

£1,159

Cashflow/mo

£316

Cashflow/yr

£3,795

ROI

5%

Gross Yield

7%

Local Sold Prices

27 sold prices from £137.5K to £425K, average is £337K. £2.8K/m² to £6.8K/m², average is £5.3K/m².

PriceDateDistanceAddressBeds 
£285K03/230.01 mi10, Redwood Gardens, Chingford, London, Greater London E4 7NZ2
£137.5K12/200.01 mi14, Redwood Gardens, Chingford, London, Greater London E4 7NZ2
£304K02/230.06 miFlat 32, Stonehill Court, Markfield Gardens, London, Greater London E4 7NS2
£320K04/210.11 mi9, Markfield Gardens, London, Greater London E4 7NN2
£250K06/210.38 mi14, Epping Glade, London, Greater London E4 7PQ2
£340K05/230.38 mi12, Epping Glade, London, Greater London E4 7PQ2
£345K12/200.6 mi19, Top House Rise, London, Greater London E4 7EE2
£380K07/230.62 mi26, Shingly Place, London, Greater London E4 6AE2
£405K02/230.62 mi66, Shingly Place, London, Greater London E4 6AE2
£395K12/220.64 miFlat 10, Bowyer Court, The Ridgeway, Chingford, London, Greater London E4 6UH2
£275K12/200.7 mi11, Woodland Road, London, Greater London E4 7ET2
£360K12/200.72 mi42, Woodland Road, Chingford, London, Greater London E4 7EU2
£425K10/200.8 mi19b, Buxton Road, London, Greater London E4 7DP2
£305K03/210.81 mi17, Peel Close, London, Greater London E4 6XU2
£350K10/200.9 miFlat 1, Kenilworth Court, Heathcote Grove, London, Greater London E4 6RX2
£375K10/210.91 mi53, Queens Grove Road, London, Greater London E4 7BT2
£345K04/230.92 mi70, Chingford Avenue, Chingford, London, Greater London E4 6RP2
£337K04/230.93 miFlat 2, Kingsmead Lodge, Heathcote Grove, London, Greater London E4 6RU2
£295K02/210.93 miFlat 2, Kingsmead Lodge, Heathcote Grove, London, Greater London E4 6RU2
£372.5K06/210.95 miGround Floor Flat, 41a, Chingford Avenue, Chingford, London, Greater London E4 6RJ2
£280K01/210.95 miFlat 12, Phoenix Court, Chingford Avenue, Chingford, London, Greater London E4 6RH2
£285K05/210.95 miFlat 2, Phoenix Court, Chingford Avenue, Chingford, London, Greater London E4 6RH2
£320K06/210.97 miFlat 29, Ingrebourne Court, Chingford Avenue, London, Greater London E4 6RL2
£317.5K06/210.97 miFlat 4, Ingrebourne Court, Chingford Avenue, Chingford, London, Greater London E4 6RL2
£402.5K08/210.97 mi9, Farnley Road, London, Greater London E4 7AD2
£402.5K08/210.97 mi9, Farnley Road, London, Greater London E4 7AD2
£170K02/230.99 mi32b, Brindwood Road, London, Greater London E4 8BD2

Local Rents

40 rents from £1K/mo to £2.4K/mo, average is £1.8K/mo.

RentDateDistanceAddressBeds 
£2,10002/250.12 mi-2
£1,00004/240.14 miSewardstone Road, London2
£2,10001/250.14 mi-2
£1,75004/240.3 mi-2
£1,80004/240.38 miEpping Glade, Chingford2
£1,65004/240.49 miSewardstone Gardens, London2
£1,60004/240.49 miSewardstone Gardens, London2
£1,80004/240.59 miNation Way, North Chingford, E42
£1,70005/240.66 miThe Ridgeway, North Chingford E42
£1,75012/240.72 mi-2
£1,70003/240.73 miWarren Road, North Chingford E42
£1,80003/240.8 miPeel Close, Chingford E42
£2,40004/240.8 miBuxton Road, Chingford E42
£1,65012/240.82 mi-2
£1,57505/240.84 miThaxton Place, Chingford, E42
£1,75002/250.9 mi-2
£1,50003/240.9 miThe Drive, Chingford2
£1,75002/250.91 mi-2
£2,30003/240.91 miGrosvenor Heights, Forest View, North Chingford2
£2,30004/240.91 miGrosvenor Heights, Forest View, North Chingford2
£2,30005/240.91 miGrosvenor Heights, Forest View, North Chingford2
£1,80012/230.93 mi-2
£1,90003/240.98 miGarfield Road, North Chingford, E42
£1,65003/241 miFarnley Road, London2
£1,65003/241 miFarnley Road, London, E42
£1,75002/251.04 mi-2
£1,92505/241.04 miDuck Lees Lane, Enfield2
£1,65003/251.07 mi-2
£2,20005/241.1 mi2 bed, Ground Floor Organdie at Quail Court in Elements2
£1,88005/241.1 mi1 bed, Fourth Floor Titanium at Quail Court in Elements2
£1,45012/241.12 mi-2
£2,10012/241.12 mi-2
£1,85012/241.12 mi-2
£1,69004/241.13 miHolmes Court, Larkshall Road, E42
£1,85003/241.15 mi2 Bed, 3rd Floor Zinc at Cape Court in Elements2
£1,65003/241.15 miFriday Hill, The Croft, E42
£1,52503/241.18 mi-2
£1,50003/241.18 miScotland Green Road North, Enfield, Middlesex, EN32
£1,75005/241.2 miChingford, E42
£2,00003/251.23 mi-2

Local Area Statistics

Population in E4

60,225

Population in London

4,771,921

Town centre distance

8.50 miles away

Nearest school

0.40 miles away

Nearest train station

0.99 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+13%

Sales demand

Seller's market

Capital growth (5yrs)

+26%

Property History

Price changed to £270,000

March 8, 2025

Listed for £250,000

December 11, 2024

Floor Plans

Description

  • Two Bedroom First Floor Purpose Built Apartment +
  • Sold on a Chain Free Basis +
  • Allocated Residential Parking +
  • Fully Double Glazed +
  • New Carpets Throughout +
  • Bay Window With Panoramic Views of Lea Valley Reservoir +
  • Communal Entrance with Phone Entry System +
  • Fully Fitted Kitchen & Bathroom +

Discover the perfect blend of comfort, style, and convenience in this stunning two-bedroom first-floor purpose-built apartment, located in the desirable Redwood Gardens development. Offered chain-free, this property is ideal for first-time buyers, professionals, or investors seeking a hassle-free purchase in a prime location.

Upon entering through the communal entrance with a secure phone entry system, you'll be greeted by a well-maintained and welcoming environment. Inside, the apartment has been thoughtfully upgraded with brand-new carpets throughout, creating a fresh and inviting feel. The property is fully double-glazed, ensuring a warm and quiet living space year-round.

The living room is the heart of the home, featuring a striking bay window that frames panoramic views of the Lea Valley Reservoir, offering a serene and picturesque outlook that changes with the seasons. The fully fitted kitchen is both functional and stylish, equipped with ample storage, modern appliances, and everything you need for everyday living or entertaining guests. The fully fitted bathroom is sleek and well-appointed, adding a touch of luxury to your daily routine.

Both bedrooms are generously sized, providing ample space for relaxation or home working. The apartment also includes the convenience of allocated residential parking, making life easier for those with a vehicle.

Situated in a peaceful yet well-connected area, Redwood Gardens offers the best of both worlds: tranquil surroundings and easy access to everything you need. The Lea Valley Reservoir and nearby parklands provide an idyllic escape for nature lovers, with walking and cycling trails right on your doorstep.

For everyday essentials, a variety of shops, cafes, and restaurants are just a short stroll away, ensuring you'll never have to travel far. Excellent transport links make this location a commuter's dream, with nearby stations providing direct connections into Central London, while major road links like the M25 and A406 offer convenient access to the wider region.

This exceptional apartment combines modern living with scenic beauty and unparalleled convenience. Don't miss out on the opportunity to make this your new home-contact us today to arrange a viewing!

Agent Details

Strettons, Strettons Residential Agency

020 3909 6558

Next Steps?

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