2 Bed Flat, Public Notice, London, E17 7JU, £315,000

Tower Mews, London, E17 7JU - 2 views - 4 months ago

Leasehold

BTL

ROI: 4%

~70 m²

+10 photos

ValuationUndervalued

Sold Prices	£185K - £562.5K
Sold Prices/m²	£2.3K/m² - £9.6K/m²

Square Metres	~70.40 m²
Price/m²	£4.5K/m²
Value Estimate	£390,600£390,600
BMV	24%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£78,750£78,750
Stamp Duty & Legal Fees	£20,200£20,200
Total Cash In	£98,950£98,950

Cash Out
Rent Range	£1,590 - £2,900£1,590 - £2,900
Rent Estimate	£1,631
Running Costs/mo	£1,331£1,331
Cashflow/mo	£300£300
Cashflow/yr	£3,605£3,605
ROI	4%4%
Gross Yield	6%6%

Local Sold Prices

50 sold prices from £185K to £562.5K, average is £450K. £2.3K/m² to £9.6K/m², average is £7.5K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£300K	04/21	0.12 mi	Flat 2, Blacksmiths House, Gillards Mews, London, Greater London E17 6RB	-	-	2	Flat
£490K	04/21	0.17 mi	19a, Westbury Road, London, Greater London E17 6RH	-	-	2	Flat
£491.5K	06/21	0.17 mi	First Floor Flat, 5, Second Avenue, London, Greater London E17 9QH	-	-	2	Flat
£465K	06/23	0.17 mi	33a, First Avenue, Walthamstow, London, Greater London E17 9QG	-	-	2	Flat
£462K	11/20	0.18 mi	23b, Second Avenue, London, Greater London E17 9QH	-	-	2	Flat
£426.5K	01/21	0.2 mi	22, Thomas Jacomb Place, London, Greater London E17 6GR	£7,108	60	2	Flat
£350K	02/21	0.21 mi	69, Somers Road, London, Greater London E17 6RS	-	-	2	Flat
£415K	06/23	0.26 mi	87b, Church Hill, London, Greater London E17 3BD	-	-	2	Flat
£467.5K	12/20	0.27 mi	36, Greenleaf Road, London, Greater London E17 6QQ	£7,083	66	2	Flat
£415K	12/21	0.28 mi	19, Eldon Road, London, Greater London E17 7BZ	£6,684	62	2	Flat
£500K	11/20	0.33 mi	28a, Grosvenor Park Road, London, Greater London E17 9PG	£9,434	53	2	Flat
£465K	01/21	0.33 mi	78c, Grosvenor Park Road, London, Greater London E17 9PG	-	-	2	Flat
£445K	02/23	0.35 mi	First Floor Flat, 15, Edinburgh Road, London, Greater London E17 7QA	-	-	2	Flat
£455K	11/20	0.36 mi	73, Melville Road, London, Greater London E17 6QT	-	-	2	Flat
£330K	11/21	0.36 mi	291a, Hoe Street, London, Greater London E17 9BG	£5,410	61	2	Flat
£405K	05/21	0.39 mi	2e, Church Hill Road, London, Greater London E17 9RX	-	-	2	Flat
£420K	06/23	0.4 mi	7, Bishops Close, London, Greater London E17 9RP	£8,615	49	2	Flat
£460K	12/20	0.4 mi	15, Bishops Close, London, Greater London E17 9RP	£9,583	48	2	Flat
£499K	12/20	0.41 mi	63b, Grove Road, Walthamstow, London, Greater London E17 9BL	-	-	2	Flat
£185K	06/21	0.42 mi	3, Falmouth Way, London, Greater London E17 7NZ	£2,342	79	2	Flat
£450K	12/21	0.46 mi	7a, Comely Bank Road, London, Greater London E17 9ND	-	-	2	Flat
£435K	01/21	0.46 mi	25, Church Hill Road, London, Greater London E17 9RX	£6,905	63	2	Flat
£410K	11/20	0.48 mi	34, Brighton Avenue, London, Greater London E17 7NE	£8,367	49	2	Flat
£467.5K	06/23	0.48 mi	443, Forest Road, Walthamstow, London, Greater London E17 5LD	-	-	2	Flat
£450K	02/23	0.48 mi	445, Forest Road, Walthamstow, London, Greater London E17 5LD	£6,910	65	2	Flat
£482.5K	11/20	0.48 mi	109, Warner Road, London, Greater London E17 7DX	£7,539	64	2	Flat
£390K	09/21	0.48 mi	57, Brighton Avenue, London, Greater London E17 7NE	£6,592	59	2	Flat
£475K	06/21	0.48 mi	155, Warner Road, London, Greater London E17 7DX	-	-	2	Flat
£340K	06/23	0.51 mi	Flat 17, Powell Court, Prospect Hill, London, Greater London E17 3EN	-	-	2	Flat
£430K	03/21	0.52 mi	38, Devonshire Road, London, Greater London E17 8QJ	£7,679	56	2	Flat
£545K	07/23	0.52 mi	Ground Floor Flat, 64, Buxton Road, Walthamstow, London, Greater London E17 7EJ	-	-	2	Flat
£420.5K	12/20	0.53 mi	68, Camden Road, London, Greater London E17 7NF	£8,832	48	2	Flat
£362K	07/21	0.53 mi	Flat 10, Newton House, Prospect Hill, London, Greater London E17 3ER	-	-	2	Flat
£465K	05/21	0.53 mi	73, Badlis Road, London, Greater London E17 5LG	£6,940	67	2	Flat
£506.5K	02/21	0.53 mi	13, Badlis Road, London, Greater London E17 5LG	£7,236	70	2	Flat
£460K	09/21	0.53 mi	21, Northcote Road, London, Greater London E17 7DT	-	-	2	Flat
£537.5K	07/23	0.53 mi	55, Northcote Road, London, Greater London E17 7DT	£8,958	60	2	Flat
£435.8K	05/21	0.54 mi	116, Diana Road, Walthamstow, London, Greater London E17 5LF	£6,704	65	2	Flat
£448K	04/21	0.54 mi	12, Mersey Road, London, Greater London E17 5LB	£7,467	60	2	Flat
£464K	03/23	0.54 mi	72, Bemsted Road, London, Greater London E17 5JZ	£9,098	51	2	Flat
£530K	06/23	0.54 mi	69, Mersey Road, London, Greater London E17 5LA	£7,528	70	2	Flat
£477.5K	05/21	0.55 mi	65, Winns Terrace, London, Greater London E17 5EJ	£7,579	63	2	Flat
£360K	03/21	0.55 mi	44, Ringwood Road, London, Greater London E17 8PP	-	-	2	Flat
£469.9K	04/21	0.55 mi	18, Winns Terrace, London, Greater London E17 5EJ	£7,230	65	2	Flat
£277K	02/21	0.57 mi	Flat 1, Boyden House, Shernhall Street, London, Greater London E17 3ET	-	-	2	Flat
£305K	06/21	0.57 mi	71, Brookfield Avenue, London, Greater London E17 9ER	£4,621	66	2	Flat
£562.5K	11/20	0.58 mi	39b, Fraser Road, London, Greater London E17 9DD	-	-	2	Flat
£471K	01/23	0.59 mi	12, Salisbury Road, London, Greater London E17 9JW	£8,564	55	2	Flat
£408K	12/20	0.6 mi	14a, Callis Road, London, Greater London E17 8PN	£8,681	47	2	Flat
£360K	12/20	0.6 mi	10a, Callis Road, London, Greater London E17 8PN	£7,660	47	2	Flat

Local Rents

50 rents from £1.6K/mo to £2.9K/mo, average is £1.9K/mo.

Rent	Date	Distance	Address	Beds	Type
£2,600	03/24	0.02 mi	Tower Mews, London, E17	2	Flat
£1,900	03/24	0.05 mi	-	2	Flat
£1,900	04/24	0.05 mi	-	2	Flat
£2,100	03/24	0.07 mi	Craig House, 263 Palace Parade, Walthamstow, E17	2	Flat
£2,100	04/24	0.07 mi	Craig House, 263 Palace Parade, Walthamstow, E17	2	Flat
£2,150	03/24	0.07 mi	Quant Building, Walthamstow E17	2	Flat
£1,800	10/23	0.07 mi	Stainforth Road, Walthamstow, London, E17	2	Flat
£2,500	05/24	0.08 mi	-	2	Flat
£1,995	03/24	0.09 mi	Stainforth Road, E17	2	Flat
£2,900	03/24	0.12 mi	The Quant Building, Church Hill, Walthamstow, London, E17	2	Flat
£1,950	05/24	0.12 mi	Walthamstow Central, London, E17	2	Flat
£1,950	05/24	0.12 mi	-	2	Flat
£1,675	12/24	0.13 mi	Priory Avenue, Walthamstow	2	Flat
£1,895	03/24	0.13 mi	First Avenue, London	2	Flat
£1,650	03/24	0.13 mi	Priory Avenue, Walthamstow	2	Flat
£2,425	03/24	0.13 mi	Cleveland Park Avenue, Walthamstow Central, London, E17	2	Flat
£1,650	05/24	0.14 mi	Westbury Road, Walthamstow	2	Flat
£1,695	04/24	0.14 mi	Westbury Road, Walthamstow	2	Flat
£1,900	03/24	0.16 mi	High Street, London, E17	2	Flat
£1,900	03/24	0.16 mi	High Street, London, E17	2	Flat
£1,650	03/24	0.17 mi	West Court, Church Hill, Walthamstow, London, E17	2	Flat
£1,695	05/24	0.17 mi	West Court, Church Hill, Wathamstow	2	Flat
£1,750	03/24	0.18 mi	Hoe Street, Walthamstow, E17	2	Flat
£2,500	05/24	0.18 mi	-	2	Flat
£2,500	04/24	0.18 mi	-	2	Terraced House
£1,700	03/25	0.19 mi	-	2	Flat
£1,900	03/24	0.19 mi	-	2	Flat
£2,200	04/24	0.2 mi	Westbury Road, Walthamstow, London, E17	2	Detached House
£1,700	04/25	0.2 mi	-	2	Flat
£1,590	03/24	0.21 mi	Hoe Street, London, E17	2	Flat
£1,850	03/24	0.21 mi	-	2	Flat
£1,850	02/25	0.21 mi	-	2	Flat
£1,795	04/24	0.21 mi	Cairo Road, Walthamstow	2	Flat
£1,900	02/24	0.22 mi	-	2	Flat
£1,950	02/25	0.22 mi	-	2	Flat
£1,950	04/25	0.22 mi	-	2	Flat
£1,750	03/24	0.23 mi	Hatherley Road, Walthamstow, London, E17	2	Flat
£2,000	03/24	0.25 mi	-	2	Flat
£1,650	02/25	0.25 mi	-	2	Flat
£1,875	03/25	0.27 mi	-	2	Flat
£1,875	05/24	0.27 mi	Howard Road, E17	2	Flat
£1,700	04/24	0.28 mi	-	2	Flat
£1,700	04/24	0.28 mi	Westbury Road, London, E17	2	Flat
£2,000	02/25	0.29 mi	-	2	Flat
£1,700	05/24	0.29 mi	Orford Road, Walthamstow, London, E17	2	Flat
£1,840	03/24	0.32 mi	Jewel Road, Walthamstow, London, E17	2	Flat
£1,600	03/24	0.32 mi	-	2	Flat
£1,600	03/24	0.33 mi	Selwyn Court, Yunus Khan Close, Walthamstow, London, E17	2	Flat
£2,095	03/24	0.34 mi	Grosvenor Park Road, London	2	Flat
£2,200	04/24	0.34 mi	Aubrey Road, Walthamstow, London, E17	2	House

Local Area Statistics

Population in E17	102,968102,968
Population in London	4,771,9214,771,921
Town centre distance	5.34 miles away5.34 miles away
Nearest school	0.30 miles away0.30 miles away
Nearest train station	0.07 miles away0.07 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+1%+1%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+19%+19%

Property History

Price changed to £315,000

February 4, 2025

Price changed to £325,000

January 11, 2025

Listed for £350,000

December 19, 2024

Floor Plans

Description

A purpose built two bedroom apartment set in the heart of Central Walthamstow offering easy access to the Victoria Line and Walthamstow Central Bus Station. Offered on a chain free basis and with the added benefit of full vacant possession this property would make an ideal purchase for a first time buyer or a Buy To Let investor looking to add to an existing portfolio. The property offers an open plan living/dining/kitchen area with a private balcony overlooking Walthamstow Central Bus Station and another from the second bedroom at the rear. This property is a blank canvas ready for you to make your own. Please call our sales team today to arrange your viewing.

PUBLIC NOTICE
Flat 33, The Point, Tower Mews E17 7JU
We are acting in the sale of the above property and have received an offer of £302,500
Any interested parties must submit any higher offers in writing to the selling agent before an exchange of contracts takes place.
EPC Rating: C

Agent Details

Bairstow Eves, Walthamstow

020 3835 3696

Next Steps?

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

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