2 Bed Flat, Refurb/BRRR, London, E17 8BJ, £475,000

1 Markhouse Road, Walthamstow, London, E17 - 3 views - 2 months ago

Sold STC
Refurb/BRRR
Planning
68 m²
+36 photos

ValuationOvervalued

Sold Prices£180K - £506K
Sold Prices/m²£2.3K/m² - £8.8K/m²

 

 

Square Metres

68 m²
Price/m²£7K/m²

Value Estimate

£455,259

 

 

End Value (After Refurb)

£503,484

Uplift in Value

+6%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£118,750

Stamp Duty & Legal Fees

£26,700

Refurb Costs

£35,974

Bridging Loan Interest

£12,469

Total Cash In

£195,643

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£503,484

Mortgage (After Refinance)

£377,613

Mortgage LTV

75%

Cash Released

£21,363

Cash Left In

£174,280

Equity

£125,871

Rent Range

£1,200 - £3,350

Rent Estimate

£1,825

Running Costs/mo

£1,958

Cashflow/mo

£-133

Cashflow/yr

£-1,601

Gross Yield

5%

Local Sold Prices

50 sold prices from £180K to £506K, average is £407K. £2.3K/m² to £8.8K/m², average is £6.9K/m².

PriceDateDistanceAddressBeds 
£360K02/230.08 mi36, Tudor Court, London, Greater London E17 8ET2
£330.8K10/210.09 mi36, Tudor Court, London, Greater London E17 8ET2
£275K05/230.09 mi6, Tudor Court, London, Greater London E17 8ET2
£450K03/210.14 mi18, Theydon Street, London, Greater London E17 8EL2
£475K11/210.14 mi28, Theydon Street, London, Greater London E17 8EL2
£360K01/230.18 mi82, Hibbert Road, London, Greater London E17 8HF2
£408K12/200.19 mi14a, Callis Road, London, Greater London E17 8PN2
£360K12/200.19 mi10a, Callis Road, London, Greater London E17 8PN2
£482.5K06/210.22 mi22, Harris Street, London, Greater London E17 8EQ2
£456.5K06/210.22 mi62, Harris Street, London, Greater London E17 8EQ2
£310K11/200.23 mi36, Low Hall Lane, London, Greater London E17 8BE2
£360K03/210.24 mi44, Ringwood Road, London, Greater London E17 8PP2
£420.5K12/200.27 mi68, Camden Road, London, Greater London E17 7NF2
£385K01/210.28 mi16a, Markhouse Avenue, London, Greater London E17 8AZ2
£480K09/210.29 mi24, Hitcham Road, London, Greater London E17 8HN2
£340K01/230.29 mi1, Hitcham Road, London, Greater London E17 8HL2
£435K08/230.29 mi99, Hitcham Road, London, Greater London E17 8HL2
£380K06/210.3 mi75a, Markhouse Avenue, London, Greater London E17 8AY2
£406K11/200.32 mi13, Blyth Road, London, Greater London E17 8HP2
£422.5K12/200.32 mi65, Blyth Road, London, Greater London E17 8HP2
£390K09/210.33 mi57, Brighton Avenue, London, Greater London E17 7NE2
£410K11/200.33 mi34, Brighton Avenue, London, Greater London E17 7NE2
£300K01/210.33 miFlat 11, Bridge Court, Lea Bridge Road, London, Greater London E10 7JS2
£286.5K11/200.36 miFlat 28, Bridge Court, Lea Bridge Road, London, Greater London E10 7JS2
£180K03/210.36 miFlat 44, Bridge Court, Lea Bridge Road, London, Greater London E10 7JS2
£286K12/200.37 mi258a, Lea Bridge Road, London, Greater London E10 7LD2
£429.5K02/230.41 mi264, Lea Bridge Road, London, Greater London E10 7LD2
£445K02/230.43 miFirst Floor Flat, 15, Edinburgh Road, London, Greater London E17 7QA2
£405K06/230.43 mi101a, Boundary Road, London, Greater London E17 8NQ2
£185K06/210.45 mi3, Falmouth Way, London, Greater London E17 7NZ2
£370K01/210.45 mi88, Malta Road, London, Greater London E10 7JU2
£450K06/230.45 mi143a, Manor Road, Leyton, London, Greater London E10 7HW2
£430K03/210.46 mi38, Devonshire Road, London, Greater London E17 8QJ2
£210K05/230.47 mi186, Lea Bridge Road, London, Greater London E10 7LN2
£435K12/200.48 mi82, Seymour Road, Leyton, London, Greater London E10 7LY2
£450K02/210.49 mi109, Leucha Road, London, Greater London E17 7LJ2
£506K02/230.49 mi41, Bloxhall Road, London, Greater London E10 7LW2
£431K03/210.49 mi15, Bloxhall Road, London, Greater London E10 7LW2
£355K03/210.49 mi11, Bloxhall Road, London, Greater London E10 7LW2
£370K06/210.49 mi81, Bloxhall Road, London, Greater London E10 7LW2
£450K04/230.51 mi46, Leucha Road, London, Greater London E17 7LG2
£420K11/210.51 mi54, Leucha Road, London, Greater London E17 7LG2
£425K02/230.51 mi20, Bloxhall Road, London, Greater London E10 7LP2
£451K10/210.51 mi28, Leucha Road, London, Greater London E17 7LG2
£440K07/210.51 mi302a, Capworth Street, London, Greater London E10 7BG2
£360K09/210.52 mi67, Kettlebaston Road, London, Greater London E10 7PE2
£420K09/210.54 mi7, Perth Road, London, Greater London E10 7PA2
£340K06/230.54 mi31, Perth Road, London, Greater London E10 7PA2
£405K04/210.54 mi93, Perth Road, London, Greater London E10 7PA2
£410K10/210.54 mi19, Perth Road, London, Greater London E10 7PA2

Local Rents

50 rents from £1.2K/mo to £3.4K/mo, average is £1.8K/mo.

RentDateDistanceAddressBeds 
£1,55003/240.02 miHalstead Court, Walthamstow, E172
£1,65010/230.06 miVerulam Avenue, London, E172
£1,75005/240.08 miTudor Court, Walthamstow2
£1,50005/240.09 miTudor Court, Walthamstow E172
£2,00004/240.1 mi-2
£2,00003/240.1 miWalthamstow, Walthamstow, London, E172
£1,50003/250.12 mi-2
£1,20003/250.12 mi-2
£1,75003/240.17 miMarkhouse Road, Walthamstow, London2
£1,75003/250.17 mi-2
£2,50004/250.17 mi-2
£1,90003/250.18 mi-2
£1,75012/240.18 mi-2
£1,79503/240.19 miCallis Road, Walthamstow2
£2,10003/250.19 mi-2
£1,80003/240.2 mi-2
£1,70003/250.2 mi-2
£1,85005/240.2 miWetherden Street, Walthamstow, London, E172
£3,35005/240.21 mi-2
£1,90003/250.21 mi-2
£2,20004/250.22 mi-2
£2,00003/250.22 mi-2
£2,10005/240.23 miQueens Road, Walthamstow, London, E172
£1,59505/240.23 mi-2
£1,59505/240.23 miHibbert Road, London, E172
£2,40002/250.23 mi-2
£1,99505/240.24 mi-2
£1,70004/240.25 miHarris Street, Walthamstow, London, E172
£2,00003/250.26 mi-2
£2,00003/250.26 mi-2
£1,90003/240.27 miBlyth Road, Walthamstow, London, E172
£1,70005/240.29 mi-2
£1,69504/240.3 miMarkhouse Avenue, Walthamstow2
£1,70003/240.31 miHibbert Road, Walthamstow, E172
£1,70004/240.31 miHibbert Road, Walthamstow, E172
£1,70004/240.31 miHibbert Road, Walthamstow, E172
£1,70004/240.31 miHibbert Road, Walthamstow, E172
£2,00001/250.32 mi-2
£1,55004/250.33 mi-2
£2,00004/240.33 miSt. Helens Place, Leyton, E102
£1,80002/250.33 mi-2
£1,70004/240.34 miLea Bridge Road, Walthamstow2
£1,75003/240.34 miMarkhouse Road, Walthamstow, London2
£1,80003/240.34 mi Markhouse Road, Walthamstow, London2
£1,95003/250.35 mi-2
£1,85012/240.35 mi-2
£1,60004/240.35 miLea Bridge Road, London2
£1,65005/240.35 mi-2
£1,79503/240.35 miStation Road, London2
£1,50003/240.4 miSt. James's Street, London, E172

Local Area Statistics

Population in E17

102,968

Population in London

4,771,921

Town centre distance

4.59 miles away

Nearest school

0.10 miles away

Nearest train station

0.47 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+1%

Sales demand

Seller's market

Capital growth (5yrs)

+19%

Property History

Listed for £475,000

January 29, 2025

Floor Plans

Description

  • First floor Warner conversion flat +
  • 2 Bedrooms +
  • Planning permission granted for loft conversion +
  • Double glazing & gas central heating +
  • St James Street station: 0.6 mile +
  • EPC rating: C (74) +
  • Council tax band: B +
  • Rear garden: approx 30ft +
  • Chain-free +
  • Internal: 629 sq ft (58 sq m) +

A beautifully refurbished, two-bedroom Warner flat on Markhouse Road. Enjoying a location on the border where E17 meets E10, this property is ideally positioned for both areas. Head down to Lea Valley ice rink for a skate and then refresh yourself with a pint and a pizza at the Hare & Hounds. Or head to Crate St James for a drink and as wide a selection of street food as you could ever hope to see in one place. And when you need to get further afield, there are numerous transport links to get you to the City and beyond.

The flat itself is literally turn-key ready. The renovation has been done to an incredibly high standard, with stylish fixtures and fittings throughout, as well as fantastic flooring underfoot. There is a bay windowed reception to the front, two double bedrooms, a fully fitted kitchen diner, and a fabulous three piece family bathroom, with rainfall shower over the tub.

Outside there is a delightful private garden to the rear, with lawn and patio areas.

Oh, and we almost forgot – the property also has planning permission for a loft extension, of you fancy adding space (and value) yourself.

Great flat, beautifully presented, and with scope to extend – it’s win, win, win! Shall we take a look…?

Communal Entrance - Via communal front door leading into:

Communal Hallway - Door to flat.

Entrance - Via flat entrance door leading into:

Entrance Hallway - Staircase leading to first floor.

First Floor Landing - Door to reception room, kitchen, bedroom one & bedroom two.

Reception Room - 4.80m x 3.43m (15'9 x 11'3) -

Kitchen - 3.53m x 3.35m (11'7 x 11'0) - Door to bathroom.

Bedroom One - 3.35m x 3.00m (11'0 x 9'10) -

Bedroom Two - 3.05m x 2.74m (10'0 x 9'0) -

Bathroom - 2.69m x 2.01m (8'10 x 6'7) - Door to inner hall

Inner Hall - Door with stairs leading into rear garden.

Rear Garden - approx 9.14m (approx 30') -

Additional Information: - Head Lease Term: 999 years from and including 1 June 2013
Head Lease Remaining: 987 years remaining
Ground Rent: £0 N/A per annum
Service Charge: £ TBC (Pending) per annum
Local Authority: London Borough Of Waltham Forest
Council Tax Band: B

Notice: - All photographs, floorplan and video tours are provided for guidance only.

Disclaimer: - The information provided about this property does not constitute or form part of any offer or contract, nor may it be relied upon as representations or statements of fact. All measurements are approximate and should be used as a guide only. Any systems, services or appliances listed herein have not been tested by us and therefore we cannot verify or guarantee they are in working order. Details of planning and building regulations for any works carried out on the property should be specifically verified by the purchasers’ conveyancer or solicitor, as should tenure/lease information (where appropriate).

Agent Details

Estates East, Walthamstow

020 3897 7792

Next Steps?

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