2 Bed Flat, Single Let, London, E17 8HL, £360,000

Hitcham Road, London, E17 8HL - 3 months ago

Leasehold
Auction
BTL
ROI: 2%
~68 m²
+12 photos

ValuationUndervalued

Sold Prices£180K - £525K
Sold Prices/m²£4.3K/m² - £8.8K/m²

 

 

Square Metres

~68.11 m²
Price/m²£5.3K/m²

Value Estimate

£450,000
BMV25%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£90,000

Stamp Duty & Legal Fees

£17,500

Total Cash In

£107,500

 

 

Cash Out

 

Rent Range

£1,595 - £3,350

Rent Estimate

£1,600

Running Costs/mo

£1,465

Cashflow/mo

£135

Cashflow/yr

£1,620

ROI

2%

Gross Yield

5%

Local Sold Prices

50 sold prices from £180K to £525K, average is £405.5K. £4.3K/m² to £8.8K/m², average is £6.7K/m².

PriceDateDistanceAddressBeds 
£340K01/230.03 mi1, Hitcham Road, London, Greater London E17 8HL2
£435K08/230.03 mi99, Hitcham Road, London, Greater London E17 8HL2
£406K11/200.05 mi13, Blyth Road, London, Greater London E17 8HP2
£422.5K12/200.05 mi65, Blyth Road, London, Greater London E17 8HP2
£480K09/210.06 mi24, Hitcham Road, London, Greater London E17 8HN2
£429.5K02/230.09 mi264, Lea Bridge Road, London, Greater London E10 7LD2
£286K12/200.12 mi258a, Lea Bridge Road, London, Greater London E10 7LD2
£360K01/230.14 mi82, Hibbert Road, London, Greater London E17 8HF2
£210K05/230.15 mi186, Lea Bridge Road, London, Greater London E10 7LN2
£482.5K06/210.15 mi22, Harris Street, London, Greater London E17 8EQ2
£456.5K06/210.15 mi62, Harris Street, London, Greater London E17 8EQ2
£506K02/230.17 mi41, Bloxhall Road, London, Greater London E10 7LW2
£431K03/210.17 mi15, Bloxhall Road, London, Greater London E10 7LW2
£355K03/210.17 mi11, Bloxhall Road, London, Greater London E10 7LW2
£370K06/210.17 mi81, Bloxhall Road, London, Greater London E10 7LW2
£435K12/200.18 mi82, Seymour Road, Leyton, London, Greater London E10 7LY2
£425K02/230.18 mi20, Bloxhall Road, London, Greater London E10 7LP2
£450K03/210.19 mi18, Theydon Street, London, Greater London E17 8EL2
£475K11/210.19 mi28, Theydon Street, London, Greater London E17 8EL2
£360K09/210.19 mi67, Kettlebaston Road, London, Greater London E10 7PE2
£286.5K11/200.2 miFlat 28, Bridge Court, Lea Bridge Road, London, Greater London E10 7JS2
£180K03/210.2 miFlat 44, Bridge Court, Lea Bridge Road, London, Greater London E10 7JS2
£300K01/210.2 miFlat 11, Bridge Court, Lea Bridge Road, London, Greater London E10 7JS2
£420K09/210.21 mi7, Perth Road, London, Greater London E10 7PA2
£340K06/230.21 mi31, Perth Road, London, Greater London E10 7PA2
£405K04/210.21 mi93, Perth Road, London, Greater London E10 7PA2
£410K10/210.21 mi19, Perth Road, London, Greater London E10 7PA2
£375K03/210.25 mi16, Clementina Road, London, Greater London E10 7PD2
£410K04/210.26 mi62, Perth Road, London, Greater London E10 7PB2
£410K09/210.26 mi48, Perth Road, London, Greater London E10 7PB2
£388K01/210.26 mi20, Clementina Road, London, Greater London E10 7LS2
£330.8K10/210.3 mi36, Tudor Court, London, Greater London E17 8ET2
£275K05/230.3 mi6, Tudor Court, London, Greater London E17 8ET2
£360K02/230.3 mi36, Tudor Court, London, Greater London E17 8ET2
£440K07/210.39 mi302a, Capworth Street, London, Greater London E10 7BG2
£370K01/210.41 mi88, Malta Road, London, Greater London E10 7JU2
£450K06/230.44 mi143a, Manor Road, Leyton, London, Greater London E10 7HW2
£525K01/210.5 mi281, Capworth Street, London, Greater London E10 7AJ2
£408K12/200.52 mi14a, Callis Road, London, Greater London E17 8PN2
£360K12/200.52 mi10a, Callis Road, London, Greater London E17 8PN2
£310K11/200.55 mi36, Low Hall Lane, London, Greater London E17 8BE2
£385K01/210.56 mi16a, Markhouse Avenue, London, Greater London E17 8AZ2
£360K03/210.57 mi44, Ringwood Road, London, Greater London E17 8PP2
£380K06/210.58 mi75a, Markhouse Avenue, London, Greater London E17 8AY2
£405K06/230.6 mi101a, Boundary Road, London, Greater London E17 8NQ2
£420.5K12/200.6 mi68, Camden Road, London, Greater London E17 7NF2
£445K06/210.62 mi56, Melbourne Road, London, Greater London E10 7HF2
£390K09/210.65 mi57, Brighton Avenue, London, Greater London E17 7NE2
£410K11/200.65 mi34, Brighton Avenue, London, Greater London E17 7NE2
£430K03/210.67 mi38, Devonshire Road, London, Greater London E17 8QJ2

Local Rents

50 rents from £1.6K/mo to £3.4K/mo, average is £1.8K/mo.

RentDateDistanceAddressBeds 
£1,60004/240.04 miLea Bridge Road, London2
£1,90003/240.06 miBlyth Road, Walthamstow, London, E172
£1,70005/240.06 mi-2
£2,00003/250.06 mi-2
£1,80002/250.06 mi-2
£1,99505/240.09 mi-2
£2,00003/250.09 mi-2
£2,00004/240.1 miSt. Helens Place, Leyton, E102
£2,40002/250.1 mi-2
£1,70003/240.11 miHibbert Road, Walthamstow, E172
£1,70004/240.11 miHibbert Road, Walthamstow, E172
£1,70004/240.11 miHibbert Road, Walthamstow, E172
£1,70004/240.11 miHibbert Road, Walthamstow, E172
£1,59505/240.12 mi-2
£1,59505/240.12 miHibbert Road, London, E172
£1,85003/240.13 mi-2
£1,85003/240.13 miBelvedere Road, London, E102
£1,70004/240.13 miLea Bridge Road, Walthamstow2
£3,35005/240.14 mi-2
£1,80003/250.14 mi-2
£1,90003/250.15 mi-2
£1,70004/240.15 miHarris Street, Walthamstow, London, E172
£1,85005/240.15 miWetherden Street, Walthamstow, London, E172
£2,20004/250.16 mi-2
£2,25003/240.16 miLea Bridge Road, Walthamstow, London, E102
£1,65003/240.16 miSeymour Road, Leyton2
£1,65002/250.17 mi-2
£2,20003/240.17 miMorieux Road, Leyton, London, E102
£1,90003/250.17 mi-2
£1,60003/240.17 miBloxhall Road London E102
£2,00004/250.18 mi-2
£2,10003/250.18 mi-2
£1,85003/250.18 mi-2
£2,80003/250.19 mi-2
£1,85012/240.19 mi-2
£1,90002/240.2 mi-2
£1,80003/240.2 mi-2
£1,65005/240.2 mi-2
£1,75003/250.2 mi-2
£1,60005/240.21 mi-2
£2,50004/250.21 mi-2
£1,90003/250.22 mi-2
£2,10003/240.24 miFreya Court, Lea Bridge Road, Leyton, London E102
£2,10004/240.24 miFreya Court, Lea Bridge Road, Leyton, London E102
£1,70004/240.24 miWellington Road, London2
£1,80002/250.24 mi-2
£1,75005/240.25 mi-2
£1,75005/240.25 miClementina Road, London, E102
£1,70004/240.25 miClementina Road, London, E102
£1,70004/240.25 mi-2

Local Area Statistics

Population in E17

102,968

Population in London

4,771,921

Town centre distance

4.34 miles away

Nearest school

0.20 miles away

Nearest train station

0.35 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+1%

Sales demand

Seller's market

Capital growth (5yrs)

+19%

Property History

Listed for £360,000

January 7, 2025

Floor Plans

Description

  • Being sold via Secure Sale online bidding. Terms & Conditions apply. +
  • Two Double Bedrooms +
  • Warner Property +
  • Shared Garden +
  • Good Condition +
  • Ground Floor +
  • Walking Distance To Local Shops And Amenities +
  • Currently Achieving £1600pcm +

We are delighted to present this 2 bedroom Warner flat Nestled on the charming Hitcham Road in London, this delightful ground floor Warner flat presents an excellent opportunity for those seeking a comfortable and stylish living space. The property boasts two well-proportioned bedrooms, making it ideal for small families, couples, or individuals looking for extra room. Currently achieving £1600pcm Rental.

Upon entering, you will find a welcoming reception room that serves as the heart of the home, perfect for relaxation or entertaining guests. The flat is in good condition, ensuring that you can move in with ease and enjoy your new surroundings from day one.

One of the standout features of this property is the private shared garden, offering a serene outdoor space for gardening enthusiasts or simply a tranquil area to unwind after a busy day. The garden is a rare find in London flats and adds significant value to the property.

The property is to be sold with tenants in situ. The property is currently achieving £1600pcm (£19,200 per annum).

In summary, this ground floor flat on Hitcham Road combines comfort, convenience, and charm, making it a wonderful place to call home. Don’t miss the chance to view this lovely property and experience all it has to offer.

Locality

Enjoying this prized location gives you a wealth of options when it comes to indulging in everything Walthamstow has to offer. A brisk twenty minute walk or a short seven minute bike ride and you will be in the centre of the famous Walthamstow village which is one of the most charming and oldest villages in London (the original settlement dates back to 1086), Walthamstow Village is a little slice of country life in London and renowned for its local produce shops and historic buildings. When it comes to amenities you have everything you could ever need, all located on the famous 1km Walthamstow Market which is only 0.8 miles from your front door. A range of enterprising independent businesses compliment the market and provide the quintessential neighbourhood to accommodate everything your heart desires. Other Amenities such as Crate at St James Street, The Curious Goat at Old Brewer Way & Iyo Sushi on Markhouse Road all within walking distance and provide the ideal local conveniences that you could ever ask for. Public transport is also easily accessible right from your door step, with bus stops at Markhouse Road just 0.07 miles & 0.11 miles away as well as bus stops at Lea Bridge Road just 0.1 miles away. Underground and over ground stations such as Walthamstow Central & Queens Road are just 0.83 miles & 0.68 miles away respectively, while national rail stations including Lea Bridge Road are 0.54 miles from the property. Finally the property gives access to a bounty of nursery, primary and secondary schools all within walking distance. Sybourn Primary, Kelmscott Secondary school & Low Hall Nursery school are all under 0.41 miles from your front door and offer both good and outstanding Ofsted ratings.

Tenure & Council Tax

Tenure: Leasehold
Lease length: 137 Years Remaining
Service Charge: Ask Agent
Ground Rent: Ask Agent
Council Tax Band: B
Annual Council Tax Estimate: £1,691
Currently achieving : £1600pcm Rental

Entrance Hall - 9.46 x 0.86 (31'0" x 2'9") - Under stairs storage cupboard, single radiator, carpeted flooring, power points.

Bathroom - 2.33 x 1.38 (7'7" x 4'6") - Double glazed windows to the rear aspect, spotlights, tiled walls, heated towel rail, lino flooring, panel enclosed bath with mixer taps, hand wash basin with vanity unit, loiw level flush WC.

Reception Room - 3.12 x 3.29 (10'2" x 10'9") - Double glazed windows to the front aspect., centre ceiling rose, single radiator, carpeted flooring, power points.

Kitchen - 3.56 x 3.56 (11'8" x 11'8") - Double glazed windows to the rear aspect, single radiator, lino flooring, range of base and wall units with flat top work surfaces, integrated cooker, electric oven, gas hob. extractor hood, sink drainer unit, space for fridge freezer, plumbing for washing machine, spotlights, door leading to the garden.

Bedroom One - 3.17 x 3.27 (10'4" x 10'8") - Double glazed windows to the rear aspect, single radiator, carpeted flooring, power points.

Bedroom Two - 2.33 x 2.36 (7'7" x 7'8") - Double glazed windows to the side aspect, centre ceiling rose, single radiator, carpeted flooring, built in wardrobes, power points.

Council Tax Band: B
Tenure: Leasehold
Length Of Lease: 137
Ground Rent Review Period: Peppercorn
Service Charge Review Period: No service charge

Agent Details

Pattinson Estate Agents, Auction

0191 625 0242

Next Steps?

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