3 Bed Semi-Detached House, Refurb/BRRR, London, E4 9EB, £700,000

Underwood Road, London, E4 9EB - 4 views - 2 months ago

Under Offer

Refurb/BRRR

~93 m²

+15 photos

ValuationOvervalued

Sold Prices	£426K - £686.3K
Sold Prices/m²	£3.8K/m² - £7.9K/m²

Square Metres	~93 m²
Price/m²	£7.5K/m²
Value Estimate	£503,196£503,196

End Value (After Refurb)	£580,096£580,096

Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (25%)	£175,000£175,000
Stamp Duty & Legal Fees	£44,700£44,700
Refurb Costs	£49,200£49,200
Bridging Loan Interest	£18,375£18,375
Total Cash In	£289,025£289,025

Cash Out
Monetisation	FlipRefinance & RentRefinance & Rent
Revaluation	£580,096£580,096
Mortgage (After Refinance)	£435,072£435,072
Mortgage LTV	75%75%
Cash Left In	£289,025£289,025
Equity	£145,024£145,024
Rent Range	£1,650 - £2,700£1,650 - £2,700
Rent Estimate	£2,229
Running Costs/mo	£2,279£2,279
Cashflow/mo	£-50£-50
Cashflow/yr	£-595£-595
Gross Yield	4%4%

Local Sold Prices

50 sold prices from £426K to £686.3K, average is £517.5K. £3.8K/m² to £7.9K/m², average is £5.6K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£550K	02/21	0.08 mi	12, Palace View Road, London, Greater London E4 9EN	£6,180	89	3	Semi-Detached House
£520K	04/21	0.16 mi	101, Larkswood Road, London, Greater London E4 9DU	-	-	3	Semi-Detached House
£480K	12/20	0.17 mi	114, Normanshire Drive, London, Greater London E4 9HD	£5,275	91	3	Terraced House
£475K	04/21	0.19 mi	158, Normanshire Drive, London, Greater London E4 9HD	-	-	3	Terraced House
£570K	03/21	0.19 mi	50, Inks Green, London, Greater London E4 9EL	£6,951	82	3	Semi-Detached House
£565K	06/21	0.21 mi	70, Ropers Avenue, London, Greater London E4 9EQ	-	-	3	Semi-Detached House
£545K	06/21	0.24 mi	9, Larkswood Road, London, Greater London E4 9DS	-	-	3	Terraced House
£490K	04/21	0.24 mi	83, New Road, London, Greater London E4 9EX	£5,213	94	3	Semi-Detached House
£673K	01/23	0.26 mi	9, Woodside Gardens, London, Greater London E4 9BE	-	-	3	Terraced House
£550K	06/21	0.26 mi	5, Normanshire Drive, London, Greater London E4 9HE	£6,455	85	3	Semi-Detached House
£430K	04/21	0.26 mi	3, Acorn Close, London, Greater London E4 9DA	£5,181	83	3	Semi-Detached House
£560K	06/21	0.27 mi	58, New Road, London, Greater London E4 8ET	-	-	3	Terraced House
£686.3K	01/23	0.28 mi	51, Ainslie Wood Road, London, Greater London E4 9BX	£6,663	103	3	Terraced House
£545K	02/21	0.28 mi	47, Cranston Gardens, London, Greater London E4 9BG	-	-	3	Terraced House
£480K	04/23	0.33 mi	11, Chivers Road, Chingford, London, Greater London E4 9TD	£5,217	92	3	Semi-Detached House
£570K	03/21	0.33 mi	12, Brook Crescent, London, Greater London E4 9EP	£5,758	99	3	Semi-Detached House
£475K	12/20	0.33 mi	13, Brook Crescent, London, Greater London E4 9EP	£4,897	97	3	Detached House
£460K	08/21	0.34 mi	2, Village Close, London, Greater London E4 9HT	-	-	3	Terraced House
£515K	08/21	0.34 mi	184, New Road, London, Greater London E4 9SJ	£5,920	87	3	Terraced House
£475K	06/23	0.34 mi	142, New Road, London, Greater London E4 9SJ	£6,169	77	3	Terraced House
£485K	01/23	0.35 mi	33, Suffield Road, London, Greater London E4 9TA	-	-	3	Detached House
£450K	04/21	0.36 mi	8, Edward Avenue, London, Greater London E4 9DN	-	-	3	Semi-Detached House
£535K	03/21	0.36 mi	38, Coningsby Gardens, London, Greater London E4 9BD	£5,095	105	3	Terraced House
£435K	03/21	0.36 mi	24, Royston Avenue, London, Greater London E4 9DF	£5,179	84	3	Terraced House
£660K	07/22	0.38 mi	24a, Templeton Avenue, London, Greater London E4 6SP	£4,962	133	3	Detached House
£565K	12/22	0.39 mi	64, Harold Road, Chingford, London, Greater London E4 9SN	-	-	3	Semi-Detached House
£457.5K	05/23	0.4 mi	3, Norton Close, London, Greater London E4 8LS	£5,446	84	3	Terraced House
£502.5K	06/21	0.4 mi	63, Templeton Avenue, London, Greater London E4 6SS	-	-	3	Terraced House
£540K	04/21	0.41 mi	16, Warboys Crescent, Highams Park, London, Greater London E4 9HR	£5,684	95	3	Terraced House
£550K	06/21	0.42 mi	92, Marlborough Road, Chingford, London, Greater London E4 9AL	-	-	3	Terraced House
£555K	03/23	0.42 mi	243a, Larkshall Road, London, Greater London E4 9HY	-	-	3	Terraced House
£592.8K	02/23	0.42 mi	92, Coningsby Gardens, London, Greater London E4 9BD	-	-	3	Semi-Detached House
£530K	12/20	0.44 mi	106, Coolgardie Avenue, London, Greater London E4 9HX	£6,489	82	3	Terraced House
£670K	12/22	0.44 mi	16, Tudor Road, London, Greater London E4 9AN	-	-	3	Semi-Detached House
£495K	05/21	0.45 mi	54, Mount Avenue, London, Greater London E4 6SY	£7,734	64	3	Semi-Detached House
£426K	04/21	0.45 mi	27, Mount Avenue, London, Greater London E4 6SY	-	-	3	Semi-Detached House
£656K	05/23	0.45 mi	32, Coolgardie Avenue, London, Greater London E4 9HP	£7,904	83	3	Terraced House
£455K	06/21	0.47 mi	48, Alpha Road, London, Greater London E4 6TB	-	-	3	Terraced House
£445K	03/21	0.47 mi	4, Hampton Road, London, Greater London E4 8NJ	-	-	3	Semi-Detached House
£465K	12/20	0.47 mi	41, Mead Crescent, London, Greater London E4 6NX	£5,741	81	3	Terraced House
£600K	03/21	0.48 mi	5, Richmond Avenue, London, Greater London E4 9RR	£6,250	96	3	Terraced House
£572K	02/21	0.48 mi	37, Richmond Avenue, London, Greater London E4 9RR	-	-	3	Terraced House
£580K	04/21	0.49 mi	206, Larkshall Road, London, Greater London E4 6NP	£4,915	118	3	Terraced House
£545K	07/23	0.49 mi	65, Marlborough Road, Chingford, London, Greater London E4 9AJ	-	-	3	Terraced House
£495K	02/23	0.49 mi	30, Tufton Road, London, Greater London E4 8LE	-	-	3	Terraced House
£467.5K	11/20	0.49 mi	57, Tufton Road, London, Greater London E4 8LE	£5,194	90	3	Terraced House
£482K	05/23	0.49 mi	33, Warwick Road, Chingford, London, Greater London E4 8NN	-	-	3	Terraced House
£438K	06/21	0.5 mi	10, Westward Road, London, Greater London E4 8LX	£3,776	116	3	Terraced House
£470K	07/23	0.51 mi	54, Marlborough Road, Chingford, London, Greater London E4 9AL	-	-	3	Terraced House
£470K	01/21	0.52 mi	63, Bateman Road, London, Greater London E4 8ND	£5,165	91	3	Semi-Detached House

Local Rents

43 rents from £1.6K/mo to £2.7K/mo, average is £2.3K/mo.

Rent	Date	Distance	Address	Beds	Type
£2,500	03/24	0.11 mi	Ainslie Wood Road, Chingford, E4	3	Detached House
£2,200	03/24	0.19 mi	Inks Green, Chingford	3	Semi-Detached House
£2,200	04/24	0.19 mi	Inks Green, Chingford	3	Semi-Detached House
£2,200	03/24	0.23 mi	Normanshire Drive, Chingford, E4	3	Terraced House
£1,950	03/24	0.23 mi	Larkswood Road, Chingford, London. E4 9DS	3	Terraced House
£2,700	02/24	0.24 mi	-	3	Terraced House
£2,200	03/25	0.28 mi	-	3	Semi-Detached House
£2,295	04/24	0.3 mi	Cranston Gardens, London	3	House
£2,000	03/24	0.31 mi	Ainslie wood Road, Chingford, E4	3	Terraced House
£2,600	03/25	0.39 mi	-	3	Terraced House
£1,950	03/24	0.41 mi	Albert Avenue, Chingford	3	Detached House
£1,900	03/24	0.43 mi	-	3	Flat
£2,400	12/24	0.45 mi	-	3	Detached House
£2,400	03/25	0.46 mi	-	3	Terraced House
£2,400	01/25	0.47 mi	-	3	Detached House
£1,850	04/24	0.48 mi	-	3	Terraced House
£2,350	12/24	0.48 mi	-	3	Terraced House
£1,650	03/24	0.49 mi	Bellamy Road, London, E4	3	Flat
£2,400	01/25	0.5 mi	-	3	Terraced House
£2,400	01/25	0.5 mi	-	3	Terraced House
£2,400	01/25	0.5 mi	-	3	Terraced House
£2,400	01/25	0.5 mi	-	3	Terraced House
£2,000	04/24	0.5 mi	-	3	Flat
£2,450	05/24	0.52 mi	Jacks Farm Way, Highams Park, E4	3	Terraced House
£2,200	03/24	0.52 mi	Bateman Road, London, Greater London, E4 8ND	3	Terraced House
£2,199	03/25	0.53 mi	-	3	Semi-Detached House
£2,200	02/25	0.54 mi	-	3	Terraced House
£2,450	01/25	0.55 mi	-	3	Detached House
£2,450	01/25	0.55 mi	-	3	Detached House
£2,400	12/24	0.56 mi	-	3	Terraced House
£2,300	12/24	0.56 mi	-	3	Terraced House
£2,400	03/25	0.56 mi	-	3	Terraced House
£2,400	03/25	0.56 mi	-	3	Terraced House
£2,400	03/25	0.56 mi	-	3	Terraced House
£2,500	05/24	0.56 mi	-	3	Terraced House
£2,250	11/24	0.56 mi	-	3	Terraced House
£2,200	02/25	0.58 mi	-	3	Terraced House
£2,050	03/25	0.58 mi	-	3	Terraced House
£2,200	04/24	0.59 mi	-	3	Flat
£2,000	03/24	0.6 mi	-	3	Flat
£2,200	03/24	0.6 mi	Lukin Crescent, Chingford E4	3	Terraced House
£1,800	04/24	0.61 mi	Lakeview Court, E4	3	Flat
£1,800	03/24	0.61 mi	Hatch Lane, Chingford, E4	3	Flat

Local Area Statistics

Population in E4	60,22560,225
Population in London	4,771,9214,771,921
Town centre distance	7.22 miles away7.22 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.56 miles away0.56 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 £700,000

January 26, 2025

Floor Plans

Description

NO ONWARD CHAIN +
MODERNISATION REQUIRED THROUGHOUT +
DOUBLE GLAZING AND GAS CENTRAL HEATING +
FAVOURED LOCATION CLOSE TO PARKLAND, SOUTH CHINGFORD AND HIGHAMS PARK +
EXTENDED TO THE GROUND FLOOR +
AMPLE POTENTIAL TO FURTHER EXTEND AND IMPROVE (STP) +
BEAUTIFUL REAR GARDEN WITH OPEN ASPECT +
GROUND FLOOR CLOAKROOM/WC +

Offered with no onward chain, a much loved three bedroom extended semi detached family home which requires modernisation throughout.

The property already has the advantage of gas central heating and double glazing and a lovely rear garden which has it's own rear access to parkland from the rear garden, ideal for families or dog walkers.

Underwood Road is a sought after residential location situated within easy access of Highams Park mainline station, Chingford Mount and a great selection of shops, transport facilities and schools. Major road links are nearby with direct access to A406/M11/M25.

Overall a fabulous property in a great location! Please call for details!

Agent Details

Clarke Residential, Chingford

01992 661949

Next Steps?

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

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