3 Bed Bungalow, Refurb/BRRR, London, E4 7NP, £550,000

Margaret Avenue, London, E4 7NP - 3 views - 2 months ago

Refurb/BRRR
ROI: 1%
~93 m²
+9 photos

ValuationOvervalued

Sold Prices£420K - £1.3M
Sold Prices/m²£3.4K/m² - £9K/m²

 

 

Square Metres

~93 m²
Price/m²£5.9K/m²

Value Estimate

£522,109

 

 

End Value (After Refurb)

£535,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£137,500

Stamp Duty & Legal Fees

£32,700

Refurb Costs

£49,200

Bridging Loan Interest

£14,438

Total Cash In

£235,588

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£535,000

Mortgage (After Refinance)

£401,250

Mortgage LTV

75%

Cash Left In

£235,588

Equity

£133,750

Rent Range

£2,100 - £2,750

Rent Estimate

£2,414

Running Costs/mo

£2,175

Cashflow/mo

£239

Cashflow/yr

£2,872

ROI

1%

Gross Yield

5%

Local Sold Prices

51 sold prices from £420K to £1.3M, average is £550K. £3.4K/m² to £9K/m², average is £5.6K/m².

PriceDateDistanceAddressBeds 
£520K05/210 mi2, Margaret Avenue, London, Greater London E4 7NP3
£535K06/210.06 mi13, South Avenue, London, Greater London E4 7NW3
£529K01/210.06 mi17, Mark Avenue, London, Greater London E4 7NR3
£467.5K12/210.06 mi35, Mark Avenue, London, Greater London E4 7NR3
£831K01/230.09 mi4, South Avenue, London, Greater London E4 7NW3
£510K03/230.14 mi40, Epping Way, London, Greater London E4 7PB3
£547K01/210.17 mi5, Holly Drive, London, Greater London E4 7NG3
£615K06/230.22 mi68, Hawkwood Crescent, London, Greater London E4 7PJ3
£520K03/230.23 mi105, Hawkwood Crescent, London, Greater London E4 7PH3
£465K04/210.25 mi2, Merryhill Close, London, Greater London E4 7PT3
£560K09/210.26 mi13, Maida Way, London, Greater London E4 7JL3
£485K06/210.26 mi42, Hawkwood Crescent, London, Greater London E4 7PN3
£500K07/230.27 mi31, Maida Avenue, London, Greater London E4 7JH3
£540K02/210.31 mi18, Maida Avenue, London, Greater London E4 7JN3
£802.5K03/230.32 mi42, Pole Hill Road, London, Greater London E4 7LZ3
£460K03/210.34 mi29, Yardley Lane, London, Greater London E4 7RS3
£784K12/200.34 mi33, Woodberry Way, London, Greater London E4 7DY3
£420K06/210.35 mi130, College Gardens, London, Greater London E4 7LP3
£500K11/200.38 mi81, Mansfield Hill, London, Greater London E4 7JP3
£450K05/210.38 mi83, Mansfield Hill, London, Greater London E4 7JP3
£440K06/210.38 mi165, Kings Head Hill, London, Greater London E4 7JG3
£530K10/200.41 mi4, Arabia Close, London, Greater London E4 7DU3
£440K06/230.43 mi4, St Egberts Way, London, Greater London E4 6QH3
£600K03/210.45 mi8, Seymour Road, Chingford, London, Greater London E4 7LS3
£435K07/230.47 mi66, Sewardstone Gardens, London, Greater London E4 7QE3
£460K06/210.49 mi26, Boardman Avenue, London, Greater London E4 7QD3
£1.3M02/210.52 mi36, Forest View, Chingford, London, Greater London E4 7AU3
£690K04/230.59 mi27, Buxton Road, Chingford, London, Greater London E4 7DP3
£445K05/210.6 mi15, Meadow Close, London, Greater London E4 7LD3
£485K06/210.6 mi3, Meadow Close, London, Greater London E4 7LD3
£610K08/210.65 mi24, Pretoria Crescent, London, Greater London E4 7HE3
£615K03/210.68 mi50, Scholars Road, London, Greater London E4 7HH3
£630K02/210.68 mi20, Scholars Road, London, Greater London E4 7HH3
£570K01/230.68 mi22, Scholars Road, London, Greater London E4 7HH3
£550K05/210.69 mi26, Richmond Road, Chingford, London, Greater London E4 7BN3
£580K12/200.74 mi13, Balgonie Road, London, Greater London E4 7HL3
£600K11/200.77 mi34, Silverthorn Gardens, London, Greater London E4 8BP3
£510K10/200.77 mi3, Springfield Road, London, Greater London E4 7DJ3
£550K01/210.8 mi23, Kings Road, Chingford, London, Greater London E4 7HP3
£570K02/210.8 mi43, Kings Road, Chingford, London, Greater London E4 7HP3
£686.5K03/210.82 mi42, Elmfield Road, London, Greater London E4 7HU3
£646.5K12/200.83 mi95, Beresford Road, London, Greater London E4 6EF3
£495K12/200.84 mi34, Endlebury Road, London, Greater London E4 6QG3
£685K09/210.85 mi16, Beresford Road, London, Greater London E4 6ED3
£930K06/230.85 mi6, Beresford Road, London, Greater London E4 6ED3
£650K01/230.86 mi34, Whitehall Gardens, London, Greater London E4 6EH3
£615K11/210.88 mi3, Dale View Avenue, London, Greater London E4 6PJ3
£565K04/210.88 mi36, Fairlight Avenue, London, Greater London E4 6PA3
£560K12/200.89 mi68, Whitehall Gardens, London, Greater London E4 6EH3
£560K12/200.89 mi68, Whitehall Gardens, London, Greater London E4 6EH3
£550K04/210.89 mi21, Whitehall Gardens, London, Greater London E4 6EH3

Local Rents

13 rents from £2.1K/mo to £2.8K/mo, average is £2.5K/mo.

RentDateDistanceAddressBeds 
£2,50012/230.12 mi-3
£2,50002/240.15 mi-3
£2,50001/250.16 mi-3
£2,20003/240.17 miAmesbury Drive, North Chingford, E43
£2,30003/250.19 mi-3
£2,45001/250.19 mi-3
£2,35002/250.19 mi-3
£2,35002/250.19 mi-3
£2,35002/250.19 mi-3
£2,50002/250.19 mi-3
£2,10012/230.54 mi-3
£2,50001/250.54 mi-3
£2,75005/240.57 miStation Road, Chingford3

Local Area Statistics

Population in E4

60,225

Population in London

4,771,921

Town centre distance

8.63 miles away

Nearest school

0.30 miles away

Nearest train station

0.79 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+13%

Sales demand

Seller's market

Capital growth (5yrs)

+26%

Property History

Listed for £550,000

January 24, 2025

Description

  • CHAIN FREE +
  • 3 Double Bedrooms +
  • Fitted Kitchen +
  • Gas Central Heating +
  • Off Street Parking for 3 Cars +
  • Garage +
  • Double Glazed +
  • Large Mature Garden +
  • Conservatory +
  • Great Potential +

Stein McBride Property Co. Ltd. are pleased to present to market this charming semi-detached bungalow, situated on a highly sought-after street in E4.

This delightful property boasts three generously-sized bedrooms, a spacious family shower room, a fitted kitchen/diner, and a separate, inviting lounge. With great potential, this home is sure to impress upon viewing.

While the property would benefit from some modernisation, its location is second to none. It's within easy reach of local amenities in Chingford, offering convenient transport links, shops, doctors' surgeries, and an array of picturesque green spaces.

Externally, there's ample parking for at least three vehicles on the driveway, along with a garage and a beautifully maintained mature rear garden.

Call agent to book viewing.

Agent Details

Stein McBride Property Co. Limited, London & Essex

020 3840 3857

Next Steps?

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