3 Bed Semi-Detached House, Single Let, Loughton, IG10 3PL, £395,000

Cherston Road, Loughton, IG10 3PL - 1 views - 3 months ago

Sold STC
BTL
ROI: 3%
~93 m²
+13 photos

ValuationUndervalued

Sold Prices£275K - £1.1M
Sold Prices/m²£3K/m² - £6.9K/m²

 

 

Square Metres

~93 m²
Price/m²£4.2K/m²

Value Estimate

£485,850
BMV23%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£98,750

Stamp Duty & Legal Fees

£20,300

Total Cash In

£119,050

 

 

Cash Out

 

Rent Range

£625 - £2,550

Rent Estimate

£1,988

Running Costs/mo

£1,652

Cashflow/mo

£336

Cashflow/yr

£4,032

ROI

3%

Gross Yield

6%

Local Sold Prices

50 sold prices from £275K to £1.1M, average is £446K. £3K/m² to £6.9K/m², average is £5.3K/m².

PriceDateDistanceAddressBeds 
£385K03/210.05 mi12, Cherston Gardens, Loughton, Essex IG10 3PN3
£410K11/220.06 mi35, Barfields, Loughton, Essex IG10 3JH3
£447K06/210.07 mi42, Barfields, Loughton, Essex IG10 3JF3
£600K12/220.09 mi7, Alderton Rise, Loughton, Essex IG10 3HL3
£435K12/200.09 mi8, Colson Gardens, Loughton, Essex IG10 3RE3
£490K02/230.09 mi22, Colson Gardens, Loughton, Essex IG10 3RE3
£500K12/220.09 mi7, Colson Path, Loughton, Essex IG10 3QZ3
£655K04/210.1 mi12, Alderton Rise, Loughton, Essex IG10 3HL3
£450K04/230.11 mi14, Honeycroft, Loughton, Essex IG10 3PR3
£646K01/230.11 mi22, Honeycroft, Loughton, Essex IG10 3PR3
£465K11/200.12 mi33, Greenfields, Loughton, Essex IG10 3HF3
£425K12/200.13 mi164, Colson Road, Loughton, Essex IG10 3RA3
£465K09/210.13 mi6, The Hawthorns, Loughton, Essex IG10 3QT3
£475K12/220.14 mi16, Deepdene Path, Loughton, Essex IG10 3PS3
£487K11/220.15 mi51, Poundfield Road, Loughton, Essex IG10 3JN3
£450K08/230.15 mi1, Deepdene Path, Loughton, Essex IG10 3PT3
£415K09/210.16 mi23, Poundfield Road, Loughton, Essex IG10 3JN3
£525K01/210.18 mi1, St Nicholas Place, Loughton, Essex IG10 1BF3
£410K05/210.19 mi20, Parkmead, Loughton, Essex IG10 3JW3
£440K04/210.19 mi107, Colson Road, Loughton, Essex IG10 3RF3
£470K09/210.2 mi20, School House Gardens, Loughton, Essex IG10 3PD3
£440K11/200.21 mi7, Maybury Close, Loughton, Essex IG10 3PF3
£550K06/210.22 mi48, Alderton Hall Lane, Loughton, Essex IG10 3HE3
£445K05/230.22 mi8, Deepdene Road, Loughton, Essex IG10 3PU3
£490K05/230.25 mi80, Chequers Road, Loughton, Essex IG10 3QQ3
£450K03/210.27 mi85, Chequers Road, Loughton, Essex IG10 3QF3
£440K06/210.27 mi91, Chequers Road, Loughton, Essex IG10 3QF3
£520K04/230.27 mi89, Chequers Road, Loughton, Essex IG10 3QF3
£375K06/210.28 mi39, Newmans Lane, Loughton, Essex IG10 1TW3
£370K11/220.31 mi10, Newmans Close, Loughton, Essex IG10 1TP3
£315K05/210.35 mi38, Longcroft Rise, Loughton, Essex IG10 3NB3
£515K03/210.35 mi81, Whitehills Road, Loughton, Essex IG10 1TU3
£380K09/210.35 mi88, Whitehills Road, Loughton, Essex IG10 1TU3
£435K10/200.35 mi24, Lushes Road, Loughton, Essex IG10 3QB3
£420K06/210.35 mi32, Lushes Road, Loughton, Essex IG10 3QB3
£445K03/210.36 mi21, Hatfields, Loughton, Essex IG10 1TJ3
£1.1M05/230.37 mi10, Spareleaze Hill, Loughton, Essex IG10 1BT3
£300K04/210.39 mi62, Monksgrove, Loughton, Essex IG10 3LR3
£405K04/210.39 mi11, Ladyfields, Loughton, Essex IG10 3RR3
£430K04/230.39 mi166, Borders Lane, Loughton, Essex IG10 3RZ3
£305K08/210.39 mi57, Newmans Lane, Loughton, Essex IG10 1TN3
£275K11/200.42 mi57, Highwood Lane, Loughton, Essex IG10 3LU3
£400K03/230.42 mi44, Highwood Lane, Loughton, Essex IG10 3LU3
£450K02/210.44 mi17, Barrington Green, Loughton, Essex IG10 2BA3
£416K06/230.44 mi4, Colson Road, Loughton, Essex IG10 3RN3
£415K10/200.44 mi2, Colson Road, Loughton, Essex IG10 3RN3
£495K02/210.45 mi4, Chigwell Lane, Loughton, Essex IG10 3RW3
£925K03/210.45 mi73, Roundmead Avenue, Loughton, Essex IG10 1PZ3
£790K02/210.45 mi27, Roundmead Avenue, Loughton, Essex IG10 1QA3
£450K09/210.46 mi42, Ibbetson Path, Loughton, Essex IG10 2AS3

Local Rents

21 rents from £625/mo to £2.5K/mo, average is £2.1K/mo.

RentDateDistanceAddressBeds 
£1,75004/250.05 mi-3
£2,20003/250.11 mi-3
£2,25004/240.11 miHoneycroft, Loughton, IG103
£2,25005/240.11 miHoneycroft, Loughton, IG103
£2,15005/240.15 mi-3
£2,10005/240.15 miDeepdene Path, Loughton, IG103
£1,85005/240.21 miMaybury Close, Loughton, IG103
£2,19505/240.23 miBryony Close, Loughton3
£2,10006/240.23 mi-3
£2,20003/250.23 mi-3
£2,19504/240.23 miBryony Close, Loughton, IG103
£2,10005/240.23 miBryony Close, Loughton, IG103
£2,30004/240.31 mi-3
£62504/250.34 mi-3
£2,55004/240.4 miNewmans Lane, Loughton, IG103
£1,90003/250.46 mi-3
£2,49511/240.52 mi-3
£2,00004/240.58 mi-3
£1,90003/250.58 mi-3
£1,90002/250.58 mi-3
£2,30004/240.61 mi-3

Local Area Statistics

Population in IG10

31,513

Population in Loughton

31,515

Town centre distance

0.63 miles away

Nearest school

0.20 miles away

Nearest train station

0.57 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-3%

Sales demand

Balanced market

Capital growth (5yrs)

+11%

Property History

Listed for £395,000

January 14, 2025

Floor Plans

Description

  • Three bedroom semi detached house +
  • Potential to improve & extend +
  • BISF non-standard construction +
  • Two reception rooms +
  • Gas Central Heating & Double Glazing +
  • Excellent investment opportunity +
  • Great choice of State & Independent Schools +
  • Sold with no onward chain +
  • Loughton & Debden Central Line Stations close by +
  • EPC rating tbc / Council Tax band D +

Offering enormous potential to extend and improve is this three bedroom semi-detached house which is well placed for the Central Line, Loughton High Road and local primary and secondary schools. Features include two good size reception rooms and kitchen on the ground floor with three bedrooms and a family bathroom upstairs. There is a nice size garden with outbuildings and the house is offered with no onward chain.

Location

Cherston Road is a residential turning, ideally situated between Loughton & Debden Central Line Stations. These offer direct links to The City and West End and for road users, the M11, M25 and routes into London are also close by. Loughton is always a popular choice for families with an excellent choice of both State and Independent primary and secondary schools, and there is a good range of sports and leisure options in the area, including a David Lloyds Centre and Loughton Leisure Centre near by.

Interior

This practical three bedroom house offers approximately 900 sq. ft. of accommodation commencing with a spacious entrance hall. The front sitting room has a feature fireplace, double glazed windows to the front aspect and a separate door to the dining room. The kitchen is fitted with a range of units and looks onto the rear garden, and there is a door to the dining / breakfast room which sits alongside. Upstairs are three good sized bedrooms, all served by a family bathroom.

Exterior

There is a front garden which would appear ideal for converting to off street parking, as many of the neighbours have done. There is a walkway to the side of the house which leads to a 40ft southerly facing rear garden with patio, lawn and outbuildings.

Agent Details

Farr O'Neil, Buckhurst Hill

020 3870 7037

Next Steps?

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