3 Bed Flat, Single Let, London, E4 7AP, £400,000

12 Queens Road, Buckhurst Hill, Essex, IG9 5BY - 3 views - 2 months ago

Sold STC

Leasehold

BTL

ROI: 5%

~93 m²

+6 photos

ValuationUndervalued

Sold Prices	£245K - £660K
Sold Prices/m²	£2.8K/m² - £6.3K/m²

Square Metres	~93 m²
Price/m²	£4.3K/m²
Value Estimate	£455,106£455,106
BMV	14%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£100,000£100,000
Stamp Duty & Legal Fees	£20,700£20,700
Total Cash In	£120,700£120,700

Cash Out
Rent Range	£2,100 - £2,750£2,100 - £2,750
Rent Estimate	£2,263
Running Costs/mo	£1,723£1,723
Cashflow/mo	£540£540
Cashflow/yr	£6,485£6,485
ROI	5%5%
Gross Yield	7%7%

Local Sold Prices

20 sold prices from £245K to £660K, average is £407.8K. £2.8K/m² to £6.3K/m², average is £4.9K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£390K	11/20	0.16 mi	63, Buxton Road, Chingford, London, Greater London E4 7DP	£4,699	83	3	Flat
£461.3K	05/23	0.28 mi	2a, Queens Grove Road, London, Greater London E4 7BT	£5,492	84	3	Flat
£660K	11/20	0.5 mi	9, Larkshall Road, London, Greater London E4 7HS	£6,346	104	3	Flat
£245K	12/22	0.64 mi	10, Wyemead Crescent, London, Greater London E4 6HW	£5,213	47	3	Flat
£404K	07/23	0.76 mi	10a, Endlebury Road, London, Greater London E4 6QF	-	-	3	Flat
£550K	03/21	1.12 mi	Flat 37, Forest Heights, Epping New Road, Buckhurst Hill, Essex IG9 5TE	-	-	3	Flat
£550K	03/21	1.12 mi	Flat 37, Forest Heights, Epping New Road, Buckhurst Hill, Essex IG9 5TE	-	-	3	Flat
£321K	02/21	1.2 mi	268, Old Church Road, London, Greater London E4 8BT	£5,262	61	3	Flat
£370K	01/23	1.28 mi	Flat 677, High Clere, High Road, Buckhurst Hill, Greater London IG9 5HW	-	-	3	Flat
£450K	01/23	1.31 mi	42, The Albany, Woodford Green, Greater London IG8 0TJ	£5,045	89	3	Flat
£500K	07/23	1.31 mi	18, The Albany, Woodford Green, Greater London IG8 0TJ	-	-	3	Flat
£411.5K	12/20	1.32 mi	37, The Albany, Woodford Green, Greater London IG8 0TJ	-	-	3	Flat
£275K	03/21	1.52 mi	60, Old Church Road, London, Greater London E4 8DB	£2,835	97	3	Flat
£272.5K	05/21	1.52 mi	64, Old Church Road, London, Greater London E4 8DB	£3,119	87	3	Flat
£511.5K	12/22	1.6 mi	7, Parkmore Close, Woodford Green, Greater London IG8 0SJ	£4,650	110	3	Flat
£455K	06/23	1.6 mi	15, Parkmore Close, Woodford Green, Greater London IG8 0SJ	£4,252	107	3	Flat
£400K	05/23	1.6 mi	5, Parkmore Close, Woodford Green, Greater London IG8 0SJ	-	-	3	Flat
£460K	07/23	1.92 mi	Flat 1, Carlton House, Algers Road, Loughton, Essex IG10 4RS	£4,894	94	3	Flat
£335K	11/23	1.95 mi	50, Picketts Lock Lane, London, Greater London N9 0AX	-	-	3	Flat
£350K	06/21	1.97 mi	105, Loughton Way, Buckhurst Hill, Essex IG9 6AS	-	-	3	Flat

Local Rents

14 rents from £2.1K/mo to £2.8K/mo, average is £2.4K/mo.

Rent	Date	Distance	Address	Beds	Type
£2,400	02/24	0.19 mi	-	3	Semi-Detached House
£2,500	04/24	0.24 mi	Chingford, E4, London, P4451	3	House
£2,750	05/24	0.29 mi	Station Road, Chingford	3	Terraced House
£2,650	12/24	0.36 mi	-	3	Semi-Detached House
£2,250	05/24	0.48 mi	Whitehall Gardens, Chingford	3	Terraced House
£2,300	11/24	0.56 mi	-	3	Semi-Detached House
£2,300	11/24	0.56 mi	-	3	Semi-Detached House
£2,100	12/23	0.56 mi	-	3	Flat
£2,300	03/25	0.59 mi	-	3	Semi-Detached House
£2,450	01/25	0.59 mi	-	3	Semi-Detached House
£2,350	02/25	0.59 mi	-	3	Semi-Detached House
£2,350	02/25	0.59 mi	-	3	Semi-Detached House
£2,350	02/25	0.59 mi	-	3	Semi-Detached House
£2,500	03/25	0.59 mi	-	3	Semi-Detached House

Local Area Statistics

Population in E4	60,22560,225
Population in London	4,771,9214,771,921
Town centre distance	8.80 miles away8.80 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	0.17 miles away0.17 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 £400,000

January 16, 2025

Floor Plans

Description

Guide Price £400,000 - £450,000 +
Spacious Three Double Bedrooms +
Two Bathrooms +
Large Kitchen/Breakfast Room +
Lounge/Diner +
Close To Local Amenities +
Top Floor Apartment +
Situated Near Chingford Overground Station +

Guide Price £400,000 - £450,000

We are pleased to offer to the market this spacious three double bedroom apartment in North Chingford. A short walk from North Chingford Overground Station, Station Rd with many restaurants and amenities, plus Chingford Plains.

The property has a spacious reception room with wooden flooring throughout, a large fully integrated kitchen/breakfast room, large bedroom with fitted wardrobes, second bedroom with en suite shower room, third double and family bathrooms. The property has a communal garden and its own private garage.

Lease remaining 943 years / Ground Rent £20.00pa / Service Charge £800.00pa

Agent Details

Caplen Estates, Buckhurst Hill

020 3834 8583

Next Steps?

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

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ValuationUndervalued

CashflowsOpen in Analyser

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Local RentsDownload Show map

Links

Local Area Statistics

Property History

Floor Plans

Description

Agent Details

Next Steps?

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Local Rents