2 Bed Flat, Single Let, London, E12 5BF, £300,000

Walton Road, Manor Park, London, E12 5BF - 3 months ago

Sold STC

Leasehold

BTL

ROI: 4%

~68 m²

+11 photos

ValuationUndervalued

Sold Prices	£129K - £515K
Sold Prices/m²	£2.3K/m² - £7.8K/m²

Square Metres	~68.11 m²
Price/m²	£4.4K/m²
Value Estimate	£351,330£351,330
BMV	17%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£75,000£75,000
Stamp Duty & Legal Fees	£12,700£12,700
Total Cash In	£87,700£87,700

Cash Out
Rent Range	£1,450 - £7,778£1,450 - £7,778
Rent Estimate	£1,575
Running Costs/mo	£1,273£1,273
Cashflow/mo	£303£303
Cashflow/yr	£3,630£3,630
ROI	4%4%
Gross Yield	6%6%

Local Sold Prices

50 sold prices from £129K to £515K, average is £292.5K. £2.3K/m² to £7.8K/m², average is £5.2K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£295K	08/22	0.15 mi	86b, Sheringham Avenue, London, Greater London E12 5PE	-	-	2	Flat
£245K	11/22	0.17 mi	Flat 46, Charlbury House, Grantham Road, Manor Park, London, Greater London E12 5NR	-	-	2	Flat
£129K	04/23	0.23 mi	1027, Romford Road, Manor Park, London, Greater London E12 5LH	£2,345	55	2	Flat
£320K	07/22	0.23 mi	Flat A, 202, Sheringham Avenue, London, Greater London E12 5PQ	£6,275	51	2	Flat
£240K	02/21	0.26 mi	104, Riverdene Road, Ilford, Greater London IG1 2EB	£5,174	46	2	Flat
£310K	10/22	0.28 mi	6, Lowbrook Road, Ilford, Greater London IG1 2HD	£5,741	54	2	Flat
£296.8K	06/23	0.29 mi	171, Gainsborough Avenue, London, Greater London E12 6JN	£5,396	55	2	Flat
£247K	05/21	0.31 mi	26, Lowbrook Road, Ilford, Greater London IG1 2HB	£6,175	40	2	Flat
£207.5K	06/21	0.34 mi	56, Pretoria Road, Ilford, Greater London IG1 2HW	£3,144	66	2	Flat
£265K	01/23	0.43 mi	4 Vicarage Court, Baxter Road, Ilford, Greater London IG1 2HN	£6,163	43	2	Flat
£360K	03/21	0.45 mi	40c, York Road, Ilford, Greater London IG1 3AF	£4,235	85	2	Flat
£129K	03/21	0.48 mi	75, Lavender Place, Ilford, Greater London IG1 2BG	£2,389	54	2	Flat
£235K	05/23	0.48 mi	81, Lavender Place, Ilford, Greater London IG1 2BG	£7,833	30	2	Flat
£200K	09/22	0.48 mi	107, Lavender Place, Ilford, Greater London IG1 2BG	£4,348	46	2	Flat
£295K	12/20	0.49 mi	16a, Chesterford Road, London, Greater London E12 6LB	-	-	2	Flat
£243K	09/22	0.52 mi	Flat 14, Springfield Court, Forsythia Close, Ilford, Greater London IG1 2BN	-	-	2	Flat
£400K	06/21	0.52 mi	24, Barrington Road, London, Greater London E12 6JH	-	-	2	Flat
£295K	06/21	0.58 mi	168a, Shakespeare Crescent, London, Greater London E12 6NB	£5,175	57	2	Flat
£283K	11/22	0.6 mi	83, Forest View Road, London, Greater London E12 5HU	£4,422	64	2	Flat
£230K	03/23	0.61 mi	Flat 23, Conifer Court, Bluebell Way, Ilford, Greater London IG1 2GZ	-	-	2	Flat
£350K	03/21	0.67 mi	43a, Carlyle Road, London, Greater London E12 6BL	-	-	2	Flat
£242K	02/23	0.67 mi	9, Lupin Crescent, Ilford, Greater London IG1 2JR	-	-	2	Flat
£220K	01/21	0.68 mi	52, Snowshill Road, London, Greater London E12 6BB	-	-	2	Flat
£282K	01/23	0.68 mi	Flat 12, Berberis Court, Hyacinth Close, Ilford, Greater London IG1 2FT	-	-	2	Flat
£138K	07/21	0.69 mi	33d, Grosvenor Road, Ilford, Greater London IG1 1LD	-	-	2	Flat
£515K	05/21	0.71 mi	115, Northbrook Road, Ilford, Greater London IG1 3BL	£4,364	118	2	Flat
£330K	07/22	0.72 mi	Flat, 42b, Essex Road, London, Greater London E12 6RE	-	-	2	Flat
£175K	06/21	0.72 mi	163, Gurney Close, Barking, Greater London IG11 8JZ	-	-	2	Flat
£257K	02/23	0.74 mi	258, Gurney Close, Barking, Greater London IG11 8LB	£4,849	53	2	Flat
£160K	02/21	0.75 mi	12, Centreway, Ilford, Greater London IG1 1ND	£3,200	50	2	Flat
£252K	01/23	0.75 mi	269, Gurney Close, Barking, Greater London IG11 8LB	£5,143	49	2	Flat
£413.1K	06/21	0.76 mi	22, Forest Drive, London, Greater London E12 5DF	£6,430	64	2	Flat
£322.5K	03/21	0.76 mi	9, Forest Drive, London, Greater London E12 5DF	£5,119	63	2	Flat
£280K	01/21	0.76 mi	78a, Devere Gardens, Ilford, Greater London IG1 3EE	£5,000	56	2	Flat
£320K	08/22	0.76 mi	134, Queensberry Place, London, Greater London E12 6UW	£5,366	60	2	Flat
£240K	12/22	0.78 mi	85, Gurney Close, Barking, Greater London IG11 8JY	£5,333	45	2	Flat
£280K	06/23	0.78 mi	62a, Leigh Road, London, Greater London E6 2AS	£6,087	46	2	Flat
£360K	02/23	0.78 mi	74, Leigh Road, London, Greater London E6 2AS	£4,737	76	2	Flat
£307.5K	03/21	0.79 mi	132, Queensberry Place, London, Greater London E12 6UW	£4,805	64	2	Flat
£330K	09/22	0.79 mi	104, Queensberry Place, London, Greater London E12 6UW	£5,762	57	2	Flat
£305K	01/21	0.79 mi	115, Queensberry Place, London, Greater London E12 6UW	£5,259	58	2	Flat
£312K	02/21	0.79 mi	127, Queensberry Place, London, Greater London E12 6UW	£4,199	74	2	Flat
£300K	05/23	0.79 mi	107, Queensberry Place, London, Greater London E12 6UW	£5,357	56	2	Flat
£235K	02/23	0.79 mi	303, Gurney Close, Barking, Greater London IG11 8LD	£4,796	49	2	Flat
£360K	06/21	0.8 mi	73, Balfour Road, Ilford, Greater London IG1 4HR	£5,568	65	2	Flat
£350K	06/23	0.8 mi	61a, Balfour Road, Ilford, Greater London IG1 4HR	£5,833	60	2	Flat
£296K	08/21	0.8 mi	78a, Wellesley Road, Ilford, Greater London IG1 4JZ	-	-	2	Flat
£325K	12/22	0.81 mi	97, Queensberry Place, London, Greater London E12 6UW	£5,040	64	2	Flat
£315K	08/22	0.81 mi	69, Queensberry Place, London, Greater London E12 6UN	£4,632	68	2	Flat
£290K	12/22	0.83 mi	25, Meath Road, Ilford, Greater London IG1 1JA	£5,577	52	2	Flat

Local Rents

50 rents from £1.4K/mo to £7.8K/mo, average is £1.9K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,900	03/24	0 mi	Springate House, Walton Road, London, E12	2	Flat
£2,200	02/24	0.05 mi	-	2	Flat
£1,900	02/24	0.05 mi	-	2	Flat
£2,000	01/25	0.05 mi	-	2	Flat
£2,000	03/25	0.05 mi	-	2	Flat
£1,450	03/25	0.13 mi	-	2	Flat
£2,200	03/25	0.19 mi	-	2	Flat
£1,500	01/25	0.21 mi	-	2	Flat
£1,650	03/24	0.22 mi	Romford Road, London, E12	2	Flat
£1,695	03/24	0.26 mi	Church Road, Manor Park, E12	2	Flat
£1,700	04/24	0.29 mi	-	2	Flat
£1,700	04/24	0.29 mi	Manor Park, London, E12	2	Flat
£1,800	04/25	0.3 mi	-	2	Flat
£1,750	04/24	0.3 mi	-	2	Terraced House
£1,850	04/24	0.32 mi	Mill Road, Ilford, London, IG1	2	Flat
£7,778	04/24	0.32 mi	Mill Road, Ilford, London, IG1	2	Flat
£2,100	10/21	0.32 mi	Roden Street, Ilford, London, IG1	2	Flat
£2,050	02/24	0.32 mi	Roden Street, Ilford, London, IG1	2	Flat
£2,050	05/24	0.32 mi	Roden Street, Ilford, London, IG1	2	Flat
£1,950	12/24	0.33 mi	-	2	Flat
£1,900	05/24	0.33 mi	Manor Park, London, E12	2	Flat
£1,800	04/25	0.34 mi	-	2	Flat
£1,995	03/22	0.34 mi	Ilford Hill, Ilford, London, IG1	2	Flat
£2,075	04/24	0.34 mi	Ilford Hill, Ilford, London, IG1	2	Flat
£1,975	02/24	0.34 mi	Ilford Hill, Ilford, London, IG1	2	Flat
£1,950	04/24	0.34 mi	Orchestra House, Ilford Hill, Ilford, IG1	2	Flat
£2,100	05/24	0.34 mi	Ilford Hill, Ilford, London, IG1	2	Flat
£1,899	05/24	0.34 mi	Ilford Hill, Ilford, London, IG1	2	Flat
£2,050	05/24	0.34 mi	Ilford Hill, Ilford, London, IG1	2	Flat
£2,100	05/24	0.34 mi	Ilford Hill, Ilford, London, IG1	2	Flat
£2,050	12/24	0.34 mi	Ilford Hill, Ilford, London, IG1	2	Flat
£2,000	02/25	0.34 mi	-	2	Flat
£2,050	01/25	0.34 mi	-	2	Flat
£1,749	03/25	0.35 mi	-	2	Flat
£1,800	04/24	0.37 mi	-	2	Flat
£1,600	04/25	0.38 mi	-	2	Flat
£1,700	12/24	0.38 mi	-	2	Flat
£1,950	12/24	0.38 mi	-	2	Flat
£1,850	02/25	0.38 mi	-	2	Flat
£1,725	05/24	0.38 mi	-	2	Flat
£1,500	05/24	0.39 mi	Icon Building, Ilford, IG1	2	Flat
£1,500	12/24	0.39 mi	-	2	Flat
£1,800	04/24	0.39 mi	-	2	Flat
£1,650	12/24	0.39 mi	-	2	Flat
£1,850	04/24	0.39 mi	-	2	Flat
£1,850	04/24	0.39 mi	-	2	Flat
£1,850	03/25	0.39 mi	-	2	Flat
£1,800	01/25	0.4 mi	-	2	Flat
£1,750	02/25	0.4 mi	-	2	Flat
£1,750	04/25	0.4 mi	-	2	Flat

Local Area Statistics

Population in E12	41,86941,869
Population in London	4,771,9214,771,921
Town centre distance	7.49 miles away7.49 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.47 miles away0.47 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+6%+6%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+25%+25%

Property History

Listed for £300,000

January 16, 2025

Floor Plans

Description

Spacious two-bedroom apartment +
Long lease remaining – 111 years +
Private courtyard and communal gardens +
Permit residents parking +
Close to all local amenities +
Close to Manor Park and Ilford stations +

A beautifully presented two-bedroom apartment in Springate House on Walton Road, Manor Park E12.
The property is very spacious throughout and comprises of an open plan reception room with sleek fitted kitchen. You have access to a private courtyard area as well as communal gardens.
This great apartment has two large well-appointed double bedrooms and a nice family bathroom with three-piece suite. You have ample storage within the property and has a private entry door.
This property is offered to the market with a long lease of 111 years remaining making it a very attractive purchase for both first time buyers and investors alike. Residents parking permits are available.
Located near to shopping facilities including The Mall Ilford, extensive bus services, good schools and Little Ilford Park. Both Manor Park and Ilford Stations on the Elizabeth line are within easy access. A short bus takes you right into the heart of Stratford with the ever-popular Westfields Shopping Centre and The Queen Elizabeth Park. You’re area also within walking distance to the lovely green spaces of the Wanstead Flats.

Agent Details

Bairstow Eves, East Ham

020 3872 3729

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, E12 5BF, £300,000

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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