2 Bed Flat, Single Let, London, E15 2JD £400,000

Icona Point E15 2JD, Stratford, London, E15 - a year ago

Leasehold

BTL

ROI: 3%

~68 m²

ValuationUndervalued

Sold Prices	£275K - £740K
Sold Prices/m²	£4.7K/m² - £10K/m²

Square Metres	~68.11 m²
Price/m²	£5.9K/m²
Value Estimate	£419,144£419,144
BMV	5%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£100,000£100,000
Stamp Duty & Legal Fees	£20,700£20,700
Total Cash In	£120,700£120,700

Cash Out
Rent Range	£495 - £3,100£495 - £3,100
Rent Estimate	£1,944
Running Costs/mo	£1,659£1,659
Cashflow/mo	£285£285
Cashflow/yr	£3,422£3,422
ROI	3%3%
Gross Yield	6%6%

Local Sold Prices

50 sold prices from £275K to £740K, average is £427K. £4.7K/m² to £10K/m², average is £7K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£387.5K	12/24	0.14 mi	Apollo Court, Flat 40, High Street, Stratford, London E15 2FF	£5,962	65	2	Flat
£395K	05/25	0.15 mi	Flat 7, 58 Icona Point, Warton Road, Stratford, London E15 2JD	£7,054	56	2	Flat
£395K	05/25	0.15 mi	Flat 7, 58 Icona Point, Warton Road, Stratford, London E15 2JD	-	-	2	Flat
£350K	06/25	0.18 mi	Flat 86, Burford Wharf, Cam Road, Stratford, London E15 2SL	-	-	2	Flat
£420K	07/25	0.18 mi	Flat 67, Burford Wharf, Cam Road, Stratford, London E15 2SL	-	-	2	Flat
£350K	06/25	0.18 mi	Flat 86, Burford Wharf, Cam Road, Stratford, London E15 2SL	-	-	2	Flat
£420K	01/25	0.19 mi	1, Flat 23, Rick Roberts Way, Stratford, London E15 2FP	£5,455	77	2	Flat
£445K	02/25	0.19 mi	1, Flat 77, Rick Roberts Way, Stratford, London E15 2FP	£6,742	66	2	Flat
£425K	06/25	0.19 mi	Flat 87, 1, Rick Roberts Way, Stratford, London E15 2FP	£6,855	62	2	Flat
£425K	06/25	0.19 mi	Flat 87, 1, Rick Roberts Way, Stratford, London E15 2FP	-	-	2	Flat
£690K	04/24	0.23 mi	1 Lantana Heights, 1402, Glasshouse Gardens, Stratford, London E20 1HT	£8,961	77	2	Flat
£650K	12/24	0.23 mi	1 Lantana Heights, 1503, Glasshouse Gardens, Stratford, London E20 1HT	£8,784	74	2	Flat
£650K	12/24	0.23 mi	1503, 1 Lantana Heights, Glasshouse Gardens, Stratford, London E20 1HT	-	-	2	Flat
£617.5K	02/25	0.25 mi	55 Stratosphere Tower, Flat 218, Great Eastern Road, Stratford, London E15 1DU	£8,459	73	2	Flat
£598K	12/24	0.25 mi	55 Stratosphere Tower, Flat 223, Great Eastern Road, Stratford, London E15 1DU	£8,192	73	2	Flat
£580K	01/25	0.25 mi	55 Stratosphere Tower, Flat 111, Great Eastern Road, Stratford, London E15 1DS	£7,945	73	2	Flat
£620K	07/25	0.25 mi	Flat 243, 55 Stratosphere Tower, Great Eastern Road, Stratford, London E15 1DU	-	-	2	Flat
£470K	01/25	0.25 mi	55 Stratosphere Tower, Flat 153, Great Eastern Road, Stratford, London E15 1DS	£8,545	55	2	Flat
£690K	09/24	0.26 mi	2 Cassia Point, 1507, Glasshouse Gardens, Stratford, London E20 1HW	£9,200	75	2	Flat
£705K	09/24	0.26 mi	1707, 2 Cassia Point, Glasshouse Gardens, Stratford, London E20 1HW	£9,156	77	2	Flat
£715K	12/24	0.26 mi	2 Cassia Point, 2705, Glasshouse Gardens, Stratford, London E20 1HY	£9,931	72	2	Flat
£705K	09/24	0.26 mi	2 Cassia Point, 1707, Glasshouse Gardens, Stratford, London E20 1HW	£9,156	77	2	Flat
£372.5K	06/23	0.31 mi	79, Otter Close, London, Greater London E15 2PT	£4,862	77	2	Flat
£275K	08/21	0.33 mi	2, Otter Close, London, Greater London E15 2PZ	£4,661	59	2	Flat
£367K	06/21	0.33 mi	8, Otter Close, London, Greater London E15 2PZ	£6,016	61	2	Flat
£365K	06/23	0.37 mi	9, Chopwell Close, London, Greater London E15 4RP	£6,655	55	2	Flat
£390K	06/21	0.38 mi	6, Gerry Raffles Square, London, Greater London E15 1BG	-	-	2	Flat
£380K	06/21	0.38 mi	31, Gerry Raffles Square, London, Greater London E15 1BG	£6,909	55	2	Flat
£427K	09/23	0.45 mi	8, Whales Yard, West Ham Lane, Stratford, London E15 4PB	£8,212	52	2	Flat
£427K	09/23	0.45 mi	Whales Yard, 8, West Ham Lane, Stratford, London E15 4PB	£8,212	52	2	Flat
£400K	12/22	0.48 mi	1, Barnby Street, London, Greater London E15 4PY	£5,405	74	2	Flat
£325K	08/21	0.48 mi	9, Barnby Street, London, Greater London E15 4PY	£4,851	67	2	Flat
£367K	10/21	0.48 mi	1b, Aldworth Road, London, Greater London E15 4DN	£6,673	55	2	Flat
£341.5K	06/21	0.48 mi	1d, Aldworth Road, London, Greater London E15 4DN	£6,969	49	2	Flat
£355K	03/25	0.51 mi	Flat 131, 32 66 Central House, High Street, Stratford, London E15 2NZ	-	-	2	Flat
£740K	09/24	0.52 mi	22 Manhattan Loft Apartments, Apartment 1507, International Way, Stratford, London E20 1GQ	£10,000	74	2	Flat
£335K	08/21	0.59 mi	1, Waddington Street, London, Greater London E15 1QJ	-	-	2	Flat
£345K	01/25	0.61 mi	39 Granite Apartments, Flat 14, Windmill Lane, Stratford, London E15 1PX	£5,074	68	2	Flat
£471K	04/24	0.62 mi	Cavesson House, 47, Ribbons Walk, Stratford, London E20 1AZ	£6,452	73	2	Flat
£460K	03/25	0.63 mi	1401, 12 Sky View Tower, High Street, Stratford, London E15 2GT	£5,750	80	2	Flat
£275K	06/21	0.64 mi	Flat 5, Stafford Morris House, Church Street, Stratford, London, Greater London E15 3JY	-	-	2	Flat
£460K	10/24	0.65 mi	24, Kaleidoscope House, Mirabelle Gardens, Stratford, London E20 1BU	£6,571	70	2	Flat
£565K	10/24	0.65 mi	Festuca House, 5, Mirabelle Gardens, Stratford, London E20 1BR	£8,071	70	2	Flat
£565K	10/24	0.65 mi	5, Festuca House, Mirabelle Gardens, Stratford, London E20 1BR	£8,071	70	2	Flat
£585K	02/25	0.65 mi	22, Festuca House, Mirabelle Gardens, Stratford, London E20 1BR	£8,125	72	2	Flat
£585K	02/25	0.65 mi	22, Festuca House, Mirabelle Gardens, Stratford, London E20 1BR	-	-	2	Flat
£565K	10/24	0.65 mi	5, Festuca House, Mirabelle Gardens, Stratford, London E20 1BR	-	-	2	Flat
£585K	11/24	0.67 mi	86, Vesta House, Liberty Bridge Road, Stratford, London E20 1AN	£8,357	70	2	Flat
£585K	11/24	0.67 mi	86, Vesta House, Liberty Bridge Road, Stratford, London E20 1AN	-	-	2	Flat
£401K	03/25	0.69 mi	88, Vicarage Lane, Stratford, London E15 4HQ	£5,419	74	2	Flat

Local Rents

50 rents from £495/mo to £3.1K/mo, average is £2.1K/mo.

Rent	Date	Distance	Address	Beds	Type
£2,650	08/25	0.07 mi	Jupp Road West, London, E15	2	Flat
£1,900	11/25	0.07 mi	Otter Close, London, E15	2	Flat
£2,225	03/24	0.07 mi	Ward Road, London, E15	2	Flat
£2,225	03/24	0.07 mi	Ward Road, London, E15	2	Flat
£2,400	09/25	0.07 mi	Ward Road London E15	2	Flat
£2,300	05/25	0.08 mi	Velocity Building, Ward Road, London, E15	2	Flat
£2,300	12/24	0.08 mi	-	2	Flat
£2,350	10/25	0.08 mi	-	2	Flat
£2,350	09/25	0.08 mi	Ward Road, London, E15	2	Flat
£2,249	04/24	0.08 mi	Ward Road, Stratford	2	Flat
£1,300	05/25	0.08 mi	-	2	Flat
£2,600	03/24	0.08 mi	Velocity Building, 1 Ward Road, Stratford, London, E15	2	Flat
£2,000	03/24	0.09 mi	Velocity Building, Stratford, London, E15	2	Flat
£2,300	08/25	0.1 mi	Ward Road, Stratford, London, E15	2	Flat
£2,000	10/25	0.1 mi	Otter Close, London, E15	2	Flat
£2,150	10/25	0.1 mi	London, London, E15	2	Flat
£2,100	08/25	0.11 mi	-	2	Flat
£2,513	05/25	0.11 mi	Edge Apartment, 1 Lett Road, Stratford, London, E15 2HP	2	Flat
£2,100	08/25	0.11 mi	Edge Apartments, London, E15	2	Flat
£1,900	04/24	0.11 mi	Edge Apartments, Stratford, E15	2	Flat
£1,900	04/24	0.11 mi	Edge Apartments, Stratford, E15	2	Flat
£2,100	10/25	0.11 mi	Edge Apartments, London, E15 2HP	2	Flat
£2,250	11/25	0.11 mi	Edge Apartments, London, E15 2HP	2	Flat
£2,100	06/25	0.11 mi	Lett Road , London, E15	2	Flat
£2,350	01/25	0.11 mi	-	2	Flat
£1,900	08/25	0.11 mi	Kennard Road, Stratford E15	2	Terraced House
£1,900	08/25	0.11 mi	Kennard Road, Stratford E15	2	Terraced House
£1,900	11/25	0.12 mi	Otter Close, London, E15	2	Flat
£2,200	05/24	0.12 mi	Jupp Road, Stratford, London, E15	2	Flat
£2,150	09/25	0.12 mi	Jupp Road, Stratford, London, E15	2	Flat
£2,150	01/25	0.13 mi	-	2	Flat
£2,150	03/25	0.13 mi	-	2	Flat
£2,100	01/25	0.13 mi	-	2	Flat
£2,200	03/25	0.13 mi	-	2	Flat
£2,200	10/25	0.13 mi	-	2	Flat
£1,950	05/25	0.13 mi	High Street, London	2	Flat
£2,100	02/24	0.14 mi	-	2	Flat
£2,300	04/25	0.14 mi	-	2	Flat
£2,100	05/24	0.14 mi	Adrian House, Jupp Road, Stratford, E15	2	Flat
£2,100	05/24	0.14 mi	Jupp Road, London, E15	2	Flat
£2,100	08/25	0.14 mi	Adrian House, 32 Jupp Road, E15 1LF	2	Flat
£2,358	05/25	0.14 mi	-	2	Flat
£2,500	04/24	0.14 mi	High Street, London, E15	2	Flat
£2,250	08/25	0.14 mi	High Street, London, E15	2	Flat
£3,100	06/25	0.14 mi	-	2	Flat
£2,500	12/24	0.15 mi	-	2	Flat
£2,100	02/25	0.15 mi	-	2	Flat
£2,145	08/25	0.15 mi	58 Warton Road	2	Flat
£2,095	04/24	0.15 mi	Icona Point, E15	2	Flat
£495	08/25	0.15 mi	Icona Point, Warton Road	2	Flat

Local Area Statistics

Population in E15	52,19952,199
Population in London	4,771,9214,771,921
Town centre distance	4.38 miles away4.38 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	0.44 miles away0.44 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	-5%-5%
Sales demand	Buyer's marketBuyer's market
Capital growth (5yrs)	+3%+3%

Property History

Listed for £400,000

December 16, 2024

Floor Plans

Description

Lovely ample 2 bedroom flat +
2 bathrooms +
Spacious open plan reception room +
Modern kitchen +
Private balcony +
Excellent transport links +
Close to fantastic amenities +

Lovely ample 2 bedroom flat offering 2 bathrooms, storage space, spacious open plan reception room/kitchen leading to large private balcony.

Located in newly developed area with access to many fantastic amenities in Stratford area and within walking distance from excellent transport links.

Please use the reference CHPK3643732 when contacting Foxtons.

Agent Details

Foxtons, Stratford

020 3889 9150

Next Steps?

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

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CashflowsOpen in Analyser

Local Sold PricesDownload Show map

Local RentsDownload Show map

Links

Local Area Statistics

Property History

Floor Plans

Description

Agent Details

Next Steps?

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