2 Bed Flat, Single Let, London, E12 6LA, £290,000

Elsenham Road, London, E12 6LA - 1 views - 4 months ago

Leasehold

BTL

ROI: 4%

~68 m²

+17 photos

ValuationUndervalued

Sold Prices	£129K - £400K
Sold Prices/m²	£2.3K/m² - £7.8K/m²

Square Metres	~68.11 m²
Price/m²	£4.3K/m²
Value Estimate	£350,285£350,285
BMV	21%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£72,500£72,500
Stamp Duty & Legal Fees	£11,900£11,900
Total Cash In	£84,400£84,400

Cash Out
Rent Range	£1,450 - £2,200£1,450 - £2,200
Rent Estimate	£1,494
Running Costs/mo	£1,225£1,225
Cashflow/mo	£269£269
Cashflow/yr	£3,227£3,227
ROI	4%4%
Gross Yield	6%6%

Local Sold Prices

50 sold prices from £129K to £400K, average is £281K. £2.3K/m² to £7.8K/m², average is £5.1K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£295K	12/20	0.05 mi	16a, Chesterford Road, London, Greater London E12 6LB	-	-	2	Flat
£400K	06/21	0.15 mi	24, Barrington Road, London, Greater London E12 6JH	-	-	2	Flat
£295K	06/21	0.16 mi	168a, Shakespeare Crescent, London, Greater London E12 6NB	£5,175	57	2	Flat
£296.8K	06/23	0.18 mi	171, Gainsborough Avenue, London, Greater London E12 6JN	£5,396	55	2	Flat
£320K	07/22	0.24 mi	Flat A, 202, Sheringham Avenue, London, Greater London E12 5PQ	£6,275	51	2	Flat
£330K	07/22	0.35 mi	Flat, 42b, Essex Road, London, Greater London E12 6RE	-	-	2	Flat
£280K	06/23	0.37 mi	62a, Leigh Road, London, Greater London E6 2AS	£6,087	46	2	Flat
£360K	02/23	0.37 mi	74, Leigh Road, London, Greater London E6 2AS	£4,737	76	2	Flat
£129K	03/21	0.37 mi	75, Lavender Place, Ilford, Greater London IG1 2BG	£2,389	54	2	Flat
£235K	05/23	0.37 mi	81, Lavender Place, Ilford, Greater London IG1 2BG	£7,833	30	2	Flat
£200K	09/22	0.37 mi	107, Lavender Place, Ilford, Greater London IG1 2BG	£4,348	46	2	Flat
£295K	08/22	0.4 mi	86b, Sheringham Avenue, London, Greater London E12 5PE	-	-	2	Flat
£230K	03/23	0.41 mi	Flat 23, Conifer Court, Bluebell Way, Ilford, Greater London IG1 2GZ	-	-	2	Flat
£207.5K	06/21	0.42 mi	56, Pretoria Road, Ilford, Greater London IG1 2HW	£3,144	66	2	Flat
£282K	01/23	0.46 mi	Flat 12, Berberis Court, Hyacinth Close, Ilford, Greater London IG1 2FT	-	-	2	Flat
£243K	09/22	0.46 mi	Flat 14, Springfield Court, Forsythia Close, Ilford, Greater London IG1 2BN	-	-	2	Flat
£265K	01/23	0.46 mi	4 Vicarage Court, Baxter Road, Ilford, Greater London IG1 2HN	£6,163	43	2	Flat
£175K	06/21	0.46 mi	163, Gurney Close, Barking, Greater London IG11 8JZ	-	-	2	Flat
£240K	12/22	0.49 mi	85, Gurney Close, Barking, Greater London IG11 8JY	£5,333	45	2	Flat
£230K	05/21	0.49 mi	198, Burges Road, London, Greater London E6 2BS	£4,107	56	2	Flat
£242K	02/23	0.49 mi	9, Lupin Crescent, Ilford, Greater London IG1 2JR	-	-	2	Flat
£257K	02/23	0.51 mi	258, Gurney Close, Barking, Greater London IG11 8LB	£4,849	53	2	Flat
£252K	01/23	0.51 mi	269, Gurney Close, Barking, Greater London IG11 8LB	£5,143	49	2	Flat
£220K	01/21	0.54 mi	52, Snowshill Road, London, Greater London E12 6BB	-	-	2	Flat
£245K	11/22	0.55 mi	Flat 46, Charlbury House, Grantham Road, Manor Park, London, Greater London E12 5NR	-	-	2	Flat
£247K	05/21	0.56 mi	26, Lowbrook Road, Ilford, Greater London IG1 2HB	£6,175	40	2	Flat
£320K	08/22	0.56 mi	134, Queensberry Place, London, Greater London E12 6UW	£5,366	60	2	Flat
£235K	02/23	0.57 mi	303, Gurney Close, Barking, Greater London IG11 8LD	£4,796	49	2	Flat
£307.5K	03/21	0.59 mi	132, Queensberry Place, London, Greater London E12 6UW	£4,805	64	2	Flat
£330K	09/22	0.59 mi	104, Queensberry Place, London, Greater London E12 6UW	£5,762	57	2	Flat
£305K	01/21	0.59 mi	115, Queensberry Place, London, Greater London E12 6UW	£5,259	58	2	Flat
£312K	02/21	0.59 mi	127, Queensberry Place, London, Greater London E12 6UW	£4,199	74	2	Flat
£300K	05/23	0.59 mi	107, Queensberry Place, London, Greater London E12 6UW	£5,357	56	2	Flat
£310K	10/22	0.59 mi	6, Lowbrook Road, Ilford, Greater London IG1 2HD	£5,741	54	2	Flat
£315K	08/22	0.62 mi	69, Queensberry Place, London, Greater London E12 6UN	£4,632	68	2	Flat
£325K	12/22	0.62 mi	97, Queensberry Place, London, Greater London E12 6UW	£5,040	64	2	Flat
£240K	02/21	0.63 mi	104, Riverdene Road, Ilford, Greater London IG1 2EB	£5,174	46	2	Flat
£312.4K	01/21	0.63 mi	64b, Burges Road, London, Greater London E6 2BH	-	-	2	Flat
£129K	04/23	0.63 mi	1027, Romford Road, Manor Park, London, Greater London E12 5LH	£2,345	55	2	Flat
£311.5K	06/21	0.64 mi	1, Queensberry Place, London, Greater London E12 6UN	£5,371	58	2	Flat
£297K	03/23	0.64 mi	41, Queensberry Place, London, Greater London E12 6UN	£5,211	57	2	Flat
£317K	04/21	0.64 mi	14, Queensberry Place, London, Greater London E12 6UN	-	-	2	Flat
£350K	03/21	0.67 mi	43a, Carlyle Road, London, Greater London E12 6BL	-	-	2	Flat
£283K	11/22	0.67 mi	83, Forest View Road, London, Greater London E12 5HU	£4,422	64	2	Flat
£275K	12/20	0.7 mi	54a, Caulfield Road, London, Greater London E6 2EN	£4,934	56	2	Flat
£175K	04/21	0.74 mi	198, Halley Road, London, Greater London E12 6UD	£3,500	50	2	Flat
£254K	06/21	0.74 mi	244, Halley Road, London, Greater London E12 6UD	£4,980	51	2	Flat
£280K	05/21	0.74 mi	Flat 47, Sixpenny Court, Tanner Street, Barking, Greater London IG11 8PQ	-	-	2	Flat
£275K	11/20	0.76 mi	270a, Strone Road, London, Greater London E12 6TP	£6,111	45	2	Flat
£322.5K	03/21	0.8 mi	9, Forest Drive, London, Greater London E12 5DF	£5,119	63	2	Flat

Local Rents

50 rents from £1.4K/mo to £2.2K/mo, average is £1.8K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,800	01/25	0.09 mi	-	2	Flat
£1,750	02/25	0.09 mi	-	2	Flat
£1,750	04/25	0.09 mi	-	2	Flat
£1,650	03/24	0.12 mi	-	2	Flat
£1,695	03/24	0.18 mi	Church Road, Manor Park, E12	2	Flat
£2,000	12/24	0.19 mi	-	2	Semi-Detached House
£1,950	12/24	0.21 mi	-	2	Flat
£1,850	02/25	0.21 mi	-	2	Flat
£2,200	03/25	0.23 mi	-	2	Terraced House
£1,500	05/24	0.24 mi	-	2	Semi-Detached House
£2,000	02/25	0.25 mi	-	2	Flat
£2,050	01/25	0.25 mi	-	2	Flat
£1,700	02/25	0.25 mi	-	2	Flat
£1,600	05/24	0.25 mi	Sheridan Road, London, E12 6QY	2	Flat
£1,850	03/24	0.31 mi	Third Avenue, London, E12	2	Flat
£1,450	03/25	0.31 mi	-	2	Flat
£1,900	03/24	0.35 mi	Browning Road, London, E12 6PB	2	Flat
£1,900	05/24	0.36 mi	London, E12	2	Flat
£1,900	02/25	0.36 mi	-	2	Flat
£1,650	05/24	0.37 mi	-	2	Flat
£1,700	05/24	0.37 mi	Lavender Place, Ilford, IG1	2	Flat
£1,650	05/24	0.37 mi	Lavender Place, Ilford, IG1	2	Flat
£1,650	05/24	0.37 mi	Lavender Place, Ilford, IG1	2	Flat
£1,700	04/25	0.38 mi	-	2	Flat
£1,500	01/25	0.38 mi	-	2	Flat
£1,750	01/25	0.38 mi	-	2	Flat
£2,100	12/24	0.38 mi	-	2	Terraced House
£2,200	02/24	0.39 mi	-	2	Flat
£1,900	02/24	0.39 mi	-	2	Flat
£2,000	01/25	0.39 mi	-	2	Flat
£2,000	03/25	0.39 mi	-	2	Flat
£1,800	12/24	0.39 mi	-	2	Flat
£1,850	12/24	0.39 mi	-	2	Flat
£1,800	04/25	0.39 mi	-	2	Flat
£1,800	04/24	0.39 mi	-	2	Flat
£1,500	04/24	0.4 mi	-	2	Flat
£1,700	04/24	0.42 mi	Azalea Close, Ilford, IG1	2	Flat
£1,900	03/24	0.44 mi	Springate House, Walton Road, London, E12	2	Flat
£1,900	05/24	0.44 mi	Manor Park, London, E12	2	Flat
£1,750	01/25	0.45 mi	-	2	Flat
£1,550	02/25	0.45 mi	-	2	Flat
£1,800	06/24	0.45 mi	-	2	Flat
£2,000	01/25	0.45 mi	-	2	Flat
£1,600	12/24	0.47 mi	-	2	Flat
£1,500	02/25	0.47 mi	-	2	Flat
£1,700	12/24	0.47 mi	-	2	Flat
£1,650	03/24	0.47 mi	Burges Road, East Ham, E6	2	Flat
£1,700	04/24	0.47 mi	-	2	Flat
£1,600	03/25	0.47 mi	-	2	Flat
£1,450	12/24	0.49 mi	-	2	Flat

Local Area Statistics

Population in E12	41,86941,869
Population in London	4,771,9214,771,921
Town centre distance	7.28 miles away7.28 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	0.65 miles away0.65 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+6%+6%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+25%+25%

Property History

Listed for £290,000

December 13, 2024

Floor Plans

Description

JUST MOOVIN are pleased to bring you this delightful upper floor apartment perfectly situated in a prime location in London, this offers two bedrooms, one reception room, and a bathroom. The property is conveniently located near schools, public transport links, and Manor Park station, making it an ideal choice for families or commuters. Thoughtfully designed for affordability, this apartment provides a bright and welcoming living space.

Relish the tranquility of the serene surroundings and the security of the well-maintained building. Step out onto the balcony to enjoy the views or unwind in the communal gardens. With ample outside space, this property offers a peaceful escape from the city's hustle and bustle.

Don't miss out on the chance to call this spacious and cosy apartment your new home. Contact us today to schedule a viewing and discover the allure of this property firsthand.

Agent Details

Just Moovin, Barking

020 3910 6688

Next Steps?

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

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