2 Bed Flat, Single Let, London, E12 5PU, £305,000

Sixth Avenue, London, E12 5PU - 4 views - 4 months ago

Leasehold
BTL
ROI: 3%
~64 m²
+10 photos

ValuationUndervalued

Sold Prices£129K - £413.1K
Sold Prices/m²£2.3K/m² - £7.8K/m²

 

 

Square Metres

~64.40 m²
Price/m²£4.7K/m²

Value Estimate

£333,237
BMV9%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£76,250

Stamp Duty & Legal Fees

£19,200

Total Cash In

£95,450

 

 

Cash Out

 

Rent Range

£1,450 - £2,200

Rent Estimate

£1,500

Running Costs/mo

£1,273

Cashflow/mo

£227

Cashflow/yr

£2,723

ROI

3%

Gross Yield

6%

Local Sold Prices

50 sold prices from £129K to £413.1K, average is £295K. £2.3K/m² to £7.8K/m², average is £5.2K/m².

PriceDateDistanceAddressBeds 
£320K07/220.12 miFlat A, 202, Sheringham Avenue, London, Greater London E12 5PQ2
£295K08/220.22 mi86b, Sheringham Avenue, London, Greater London E12 5PE2
£296.8K06/230.27 mi171, Gainsborough Avenue, London, Greater London E12 6JN2
£295K12/200.27 mi16a, Chesterford Road, London, Greater London E12 6LB2
£295K06/210.31 mi168a, Shakespeare Crescent, London, Greater London E12 6NB2
£220K01/210.37 mi52, Snowshill Road, London, Greater London E12 6BB2
£245K11/220.38 miFlat 46, Charlbury House, Grantham Road, Manor Park, London, Greater London E12 5NR2
£330K07/220.39 miFlat, 42b, Essex Road, London, Greater London E12 6RE2
£400K06/210.39 mi24, Barrington Road, London, Greater London E12 6JH2
£283K11/220.43 mi83, Forest View Road, London, Greater London E12 5HU2
£320K08/220.44 mi134, Queensberry Place, London, Greater London E12 6UW2
£350K03/210.45 mi43a, Carlyle Road, London, Greater London E12 6BL2
£307.5K03/210.46 mi132, Queensberry Place, London, Greater London E12 6UW2
£330K09/220.46 mi104, Queensberry Place, London, Greater London E12 6UW2
£305K01/210.46 mi115, Queensberry Place, London, Greater London E12 6UW2
£312K02/210.46 mi127, Queensberry Place, London, Greater London E12 6UW2
£300K05/230.46 mi107, Queensberry Place, London, Greater London E12 6UW2
£129K04/230.47 mi1027, Romford Road, Manor Park, London, Greater London E12 5LH2
£315K08/220.49 mi69, Queensberry Place, London, Greater London E12 6UN2
£325K12/220.49 mi97, Queensberry Place, London, Greater London E12 6UW2
£311.5K06/210.51 mi1, Queensberry Place, London, Greater London E12 6UN2
£297K03/230.51 mi41, Queensberry Place, London, Greater London E12 6UN2
£317K04/210.51 mi14, Queensberry Place, London, Greater London E12 6UN2
£207.5K06/210.52 mi56, Pretoria Road, Ilford, Greater London IG1 2HW2
£129K03/210.55 mi75, Lavender Place, Ilford, Greater London IG1 2BG2
£235K05/230.55 mi81, Lavender Place, Ilford, Greater London IG1 2BG2
£200K09/220.55 mi107, Lavender Place, Ilford, Greater London IG1 2BG2
£413.1K06/210.57 mi22, Forest Drive, London, Greater London E12 5DF2
£322.5K03/210.57 mi9, Forest Drive, London, Greater London E12 5DF2
£265K01/230.59 mi4 Vicarage Court, Baxter Road, Ilford, Greater London IG1 2HN2
£247K05/210.59 mi26, Lowbrook Road, Ilford, Greater London IG1 2HB2
£310K10/220.59 mi6, Lowbrook Road, Ilford, Greater London IG1 2HD2
£240K02/210.6 mi104, Riverdene Road, Ilford, Greater London IG1 2EB2
£280K06/230.6 mi62a, Leigh Road, London, Greater London E6 2AS2
£360K02/230.6 mi74, Leigh Road, London, Greater London E6 2AS2
£230K03/230.62 miFlat 23, Conifer Court, Bluebell Way, Ilford, Greater London IG1 2GZ2
£243K09/220.63 miFlat 14, Springfield Court, Forsythia Close, Ilford, Greater London IG1 2BN2
£175K04/210.65 mi198, Halley Road, London, Greater London E12 6UD2
£254K06/210.65 mi244, Halley Road, London, Greater London E12 6UD2
£282K01/230.68 miFlat 12, Berberis Court, Hyacinth Close, Ilford, Greater London IG1 2FT2
£310K11/220.69 mi15, Saints Drive, London, Greater London E7 0RF2
£175K06/210.7 mi163, Gurney Close, Barking, Greater London IG11 8JZ2
£275K11/200.7 mi270a, Strone Road, London, Greater London E12 6TP2
£242K02/230.71 mi9, Lupin Crescent, Ilford, Greater London IG1 2JR2
£230K05/210.71 mi198, Burges Road, London, Greater London E6 2BS2
£240K12/220.73 mi85, Gurney Close, Barking, Greater London IG11 8JY2
£257K02/230.74 mi258, Gurney Close, Barking, Greater London IG11 8LB2
£252K01/230.74 mi269, Gurney Close, Barking, Greater London IG11 8LB2
£360K03/210.74 mi40c, York Road, Ilford, Greater London IG1 3AF2
£312.4K01/210.77 mi64b, Burges Road, London, Greater London E6 2BH2

Local Rents

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

RentDateDistanceAddressBeds 
£2,00002/250 mi-2
£2,05001/250 mi-2
£1,95012/240.05 mi-2
£1,85002/250.05 mi-2
£2,20003/250.08 mi-2
£1,85003/240.12 miThird Avenue, London, E122
£1,69503/240.16 miChurch Road, Manor Park, E122
£1,50001/250.18 mi-2
£1,90005/240.2 miManor Park, London, E122
£1,45003/250.24 mi-2
£1,60005/240.25 miSheridan Road, London, E12 6QY2
£1,50005/240.26 mi-2
£1,80001/250.29 mi-2
£1,75002/250.29 mi-2
£1,75004/250.29 mi-2
£1,75001/250.3 mi-2
£1,80004/250.3 mi-2
£1,60004/250.3 mi-2
£1,72505/240.31 mi-2
£2,20002/240.31 mi-2
£1,90002/240.31 mi-2
£2,00001/250.31 mi-2
£2,00003/250.31 mi-2
£1,70005/240.33 miGround Floor, London, E122
£1,70005/240.33 mi-2
£1,65003/240.34 mi-2
£1,75002/250.34 mi-2
£1,90003/240.34 miSpringate House, Walton Road, London, E122
£1,65003/240.35 miRomford Road, London, E122
£1,80005/240.35 mi-2
£1,70004/240.36 miManor Park, London, E122
£1,70004/240.36 mi-2
£1,80005/240.36 mi-2
£1,80005/240.36 mi-2
£1,75004/240.36 miWashington Avenue, London, E122
£2,10012/240.36 mi-2
£2,00001/250.38 mi-2
£1,75003/240.39 mi-2
£2,00012/240.42 mi-2
£1,90003/240.44 mi Browning Road, London, E12 6PB2
£1,70004/250.44 mi-2
£1,69004/250.44 mi-2
£1,90005/240.45 miLondon, E122
£1,99003/250.46 mi-2
£1,90002/250.47 mi-2
£1,50003/250.48 mi-2
£1,75004/240.48 miSalisbury Road2
£1,75001/250.49 mi-2
£1,70002/250.49 mi-2
£1,80001/250.49 mi-2

Local Area Statistics

Population in E12

41,869

Population in London

4,771,921

Town centre distance

7.18 miles away

Nearest school

0.10 miles away

Nearest train station

0.54 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+6%

Sales demand

Balanced market

Capital growth (5yrs)

+25%

Property History

Price changed to £305,000

February 28, 2025

Listed for £325,000

December 20, 2024

Floor Plans

Description

  • Book Viewings Online 24/7 +
  • Modern Interior +
  • Local Amenities +
  • Local Transport Links +
  • Ideal First Time Buy Or Buy To Let +
  • Book Now To Avoid Disappointment +

The Property
Nestled in the heart of vibrant Greater London, this beautifully presented two-bedroom flat offers a perfect blend of modern living and convenient location. Situated in a sought-after area, the property is ideal for first-time buyers, professionals, or investors looking for an excellent opportunity.

Key Features
Two Double Bedrooms – Generously sized and flooded with natural light, offering plenty of space for relaxation or home-working setups.
Spacious Lounge – A bright and airy living area, perfect for entertaining or unwinding after a long day.
Modern Kitchen – Fully fitted with contemporary appliances and ample storage to meet all your culinary needs.
Private Balcony – A delightful outdoor space to enjoy your morning coffee or evening sunsets.
Allocated Parking – A rare and convenient feature in London, ensuring stress-free parking.
Location Highlights
This property benefits from excellent transport links, with nearby stations providing swift access to central London and beyond. The surrounding area is packed with amenities, including:

Shops, restaurants, and cafes within walking distance.
Green spaces and parks perfect for outdoor activities.
Excellent schools and healthcare facilities close by.
With a location that offers the best of both worlds – vibrant city life and peaceful residential surroundings – this property is sure to tick all the boxes.

* Book online 24/7 using brochure link *

Property ownership information

Ground rent review period: No review period

Service charge review period: No review period

Lease end date: 18/06/2129

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 💪