2 Bed Flat, Single Let, London, E4 8TP, £250,000

2 Flat 2, 248 Albany Court, Westward Road, London, E17 4RX - 3 months ago

Leasehold

BTL

ROI: 6%

~50 m²

+3 photos

ValuationUndervalued

Sold Prices	£170K - £330K
Sold Prices/m²	£3.4K/m² - £6.4K/m²

Square Metres	~49.50 m²
Price/m²	£5.1K/m²
Value Estimate	£260,526£260,526
BMV	4%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£62,500£62,500
Stamp Duty & Legal Fees	£13,700£13,700
Total Cash In	£76,200£76,200

Cash Out
Rent Range	£1,450 - £2,000£1,450 - £2,000
Rent Estimate	£1,513
Running Costs/mo	£1,104£1,104
Cashflow/mo	£409£409
Cashflow/yr	£4,910£4,910
ROI	6%6%
Gross Yield	7%7%

Local Sold Prices

25 sold prices from £170K to £330K, average is £280K. £3.4K/m² to £6.4K/m², average is £5.3K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£287K	07/23	0.21 mi	Flat 12, Morley Court, Sinclair Road, London, Greater London E4 8QR	-	-	2	Flat
£253K	03/21	0.28 mi	29, Mandeville Court, Chingford, London, Greater London E4 8JB	£4,081	62	2	Flat
£260K	03/23	0.28 mi	36, Mandeville Court, Chingford, London, Greater London E4 8JB	£5,778	45	2	Flat
£253K	03/21	0.28 mi	29, Mandeville Court, Chingford, London, Greater London E4 8JB	£4,081	62	2	Flat
£263K	09/21	0.28 mi	128, Mandeville Court, London, Greater London E4 8JD	-	-	2	Flat
£320K	09/21	0.32 mi	126, Hampton Road, London, Greater London E4 8NR	£5,246	61	2	Flat
£308K	08/21	0.35 mi	52b, Sinclair Road, London, Greater London E4 8PW	£6,417	48	2	Flat
£303.5K	06/21	0.45 mi	3, Hall Gardens, London, Greater London E4 8HR	£6,194	49	2	Flat
£310K	12/20	0.45 mi	9, Hall Gardens, London, Greater London E4 8HR	£5,536	56	2	Flat
£330K	06/23	0.45 mi	1, Hall Gardens, London, Greater London E4 8HR	£4,818	69	2	Flat
£300K	01/21	0.45 mi	55, Sinclair Road, London, Greater London E4 8PH	£5,263	57	2	Flat
£311K	03/21	0.56 mi	12, Chingford Mount Road, London, Greater London E4 9AB	£6,018	52	2	Flat
£260K	04/21	0.6 mi	30, Kingsley Gardens, London, Greater London E4 8JS	£4,906	53	2	Flat
£280K	09/21	0.6 mi	26, Kingsley Gardens, London, Greater London E4 8JS	£5,385	52	2	Flat
£255K	02/21	0.62 mi	32, Lockwood Place, London, Greater London E4 9AD	£4,811	53	2	Flat
£325K	07/23	0.66 mi	59, Frances Road, London, Greater London E4 9DL	£6,192	52	2	Flat
£235K	10/20	0.68 mi	25, Cherrydown Avenue, London, Greater London E4 8DP	£3,615	65	2	Flat
£268K	06/21	0.74 mi	52a, Old Church Road, London, Greater London E4 8DB	£3,436	78	2	Flat
£303K	12/20	0.88 mi	27, Beaufort Close, London, Greater London E4 9XF	£6,447	47	2	Flat
£303K	12/20	0.88 mi	27, Beaufort Close, London, Greater London E4 9XF	£6,447	47	2	Flat
£170K	02/23	0.95 mi	32b, Brindwood Road, London, Greater London E4 8BD	-	-	2	Flat
£260K	04/21	0.97 mi	46, Leopold Road, London, Greater London N18 2EW	£4,409	59	2	Flat
£266K	12/21	0.97 mi	70, Leopold Road, London, Greater London N18 2HX	£5,216	51	2	Flat
£325K	12/20	0.97 mi	87, Manor Road, Walthamstow, London, Greater London E17 5RY	£5,702	57	2	Flat
£270K	11/21	0.98 mi	50, Leopold Road, London, Greater London N18 2HX	-	-	2	Flat

Local Rents

19 rents from £1.4K/mo to £2K/mo, average is £1.7K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,600	03/24	0 mi	Westward Road, London	2	Flat
£1,700	03/24	0.03 mi	Albany Court, CHINGFORD, E4	2	Flat
£1,600	05/24	0.08 mi	Sinclair Road, London, E4	2	Flat
£1,750	12/24	0.09 mi	-	2	Flat
£1,600	05/24	0.1 mi	-	2	Flat
£1,650	02/25	0.28 mi	-	2	Flat
£1,450	03/24	0.28 mi	Mandeville Court, London	2	Flat
£1,600	12/24	0.3 mi	-	2	Flat
£1,800	01/25	0.41 mi	-	2	Terraced House
£1,800	03/24	0.45 mi	Hall Gardens, London, E4	2	Flat
£1,800	03/24	0.48 mi	Westward Road, London	2	Flat
£1,500	03/24	0.52 mi	Chingford Mount Road, Chingford, E4	2	Flat
£1,550	03/24	0.52 mi	Chingford Mount Road, Chingford, E4	2	Flat
£1,500	03/24	0.53 mi	Chingford Mount Road Chingford, E4	2	Flat
£1,800	03/25	0.53 mi	-	2	Flat
£1,800	03/25	0.53 mi	-	2	Flat
£1,925	03/24	0.53 mi	-	2	Flat
£2,000	05/24	0.61 mi	Lockwood Place, Chingford, London, E4	2	Flat
£1,800	03/24	0.62 mi	Lockwood Place, Chingford, E4	2	Flat

Local Area Statistics

Population in E4	60,22560,225
Population in London	4,771,9214,771,921
Town centre distance	6.58 miles away6.58 miles away
Nearest school	0.30 miles away0.30 miles away
Nearest train station	0.87 miles away0.87 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+13%+13%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+26%+26%

Property History

Listed for £250,000

December 26, 2024

Floor Plans

Description

GROUND FLOOR TWO BEDROOM FLAT +
ONE DOUBLE & ONE SINGLE ROOM +
OPEN RECEPTION +
NEUTRAL DECOR, BRIGHT AND AIRY +
GAS CENTRAL HEATING +
DOUBLE GLAZING +

Guide Price £250,000 - £275,000

Nestled on the desirable Westward Road in London, this charming two-bedroom purpose-built flat offers a perfect blend of comfort and convenience. Spanning an inviting 533 square feet, the property features a well-proportioned reception room, ideal for both relaxation and entertaining guests.

The fitted kitchen is designed with practicality in mind, providing ample space for culinary pursuits. The family bathroom is thoughtfully appointed, ensuring a pleasant experience for all residents.

This flat also benefits from an allocated parking space, a rare find in the bustling city, making it an excellent choice for those who require easy access to their vehicle. With a lease of 115 years remaining, this property presents a secure investment for the future. Ground is peppercorn £50 per year and service charge is £2,740 per year.

•Double Glazing
•Gas Central Heating
•Two Bedroom
•Large Spacious Lounge
•Allocated Parking Space
•Lease 115 years
•Ground rent £50 per year
•Service Charge £2,740 per year

Whether you are a first-time buyer or looking to downsize, this flat on Westward Road is a delightful opportunity to enjoy city living in a comfortable and well-equipped home. Don't miss the chance to make this lovely flat your own.

Agent Details

Humphrey & CO Property Services, London

020 3834 8007

Next Steps?

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

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2 Bed Flat, Single Let, London, E4 8TP, £250,000

ValuationUndervalued

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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