3 Bed House, Refurb/BRRR, London, E15 1TG, £500,000

Janson Road, London, E15 1TG - 2 views - 3 months ago

Sold STC
Refurb/BRRR
ROI: 2%
~93 m²
+7 photos

ValuationFair Value

Sold Prices£315K - £710K
Sold Prices/m²£3.6K/m² - £9.1K/m²

 

 

Square Metres

~93 m²
Price/m²£5.4K/m²

Value Estimate

£510,000

 

 

End Value (After Refurb)

£570,283

Uplift in Value

+14%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£125,000

Stamp Duty & Legal Fees

£28,700

Refurb Costs

£49,200

Bridging Loan Interest

£13,125

Total Cash In

£217,775

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£570,283

Mortgage (After Refinance)

£427,712

Mortgage LTV

75%

Cash Released

£52,712

Cash Left In

£165,063

Equity

£142,571

Rent Range

£1,750 - £4,500

Rent Estimate

£2,619

Running Costs/mo

£2,326

Cashflow/mo

£293

Cashflow/yr

£3,517

ROI

2%

Gross Yield

6%

Local Sold Prices

50 sold prices from £315K to £710K, average is £560K. £3.6K/m² to £9.1K/m², average is £6.1K/m².

PriceDateDistanceAddressBeds 
£475K06/220.06 mi48, Arundel Close, London, Greater London E15 1UH3
£570K12/220.08 mi93, Gurney Road, London, Greater London E15 1SL3
£540K06/230.09 mi24, Gurney Road, London, Greater London E15 1SH3
£540K06/210.13 mi46, Devonshire Close, London, Greater London E15 1UG3
£693K11/220.14 mi19, Buxton Road, London, Greater London E15 1QU3
£581.5K03/220.14 mi18, Buxton Road, London, Greater London E15 1QU3
£570K05/230.15 mi7, Hatfield Road, London, Greater London E15 1RA3
£515K09/210.15 mi20, Cruikshank Road, London, Greater London E15 1SN3
£459K05/210.16 mi10, Trevelyan Road, London, Greater London E15 1SU3
£512.5K08/220.17 mi17, Trevelyan Road, London, Greater London E15 1SU3
£562.5K09/210.21 mi15, Chobham Road, London, Greater London E15 1LU3
£565K04/230.23 mi83, Ramsay Road, London, Greater London E7 9EN3
£521.3K12/210.23 mi4, Dunmow Road, London, Greater London E15 1TZ3
£490K12/200.23 mi22, Dunmow Road, London, Greater London E15 1TZ3
£650K08/210.24 mi11, Dunmow Road, London, Greater London E15 1TZ3
£575K09/220.24 mi75, Idmiston Road, London, Greater London E15 1RG3
£710K09/210.24 mi22, Worsley Road, London, Greater London E11 3JN3
£555K11/220.25 mi52, Ash Road, London, Greater London E15 1HL3
£315K08/210.26 mi90, Chatsworth Road, London, Greater London E15 1QZ3
£587K06/210.28 mi101, St James Road, Stratford, London, Greater London E15 1RN3
£560K01/210.29 mi71, Chandos Road, London, Greater London E15 1TT3
£610K03/230.29 mi122, Colegrave Road, London, Greater London E15 1EA3
£547.3K01/210.31 mi69, Selby Road, London, Greater London E11 3LS3
£585K03/230.32 mi32, Elsham Road, London, Greater London E11 3JH3
£601K04/230.32 mi19, Elsham Road, London, Greater London E11 3JH3
£540K01/230.32 mi22, Trumpington Road, London, Greater London E7 9EJ3
£645K04/230.33 mi11, Napier Road, London, Greater London E11 3JJ3
£530K03/210.33 mi70, Selby Road, London, Greater London E11 3LR3
£615.5K11/200.33 mi40, St James Road, Stratford, London, Greater London E15 1RL3
£562.3K11/210.34 mi3, Cary Road, London, Greater London E11 3LG3
£560K12/200.34 mi90, Henniker Road, London, Greater London E15 1JP3
£570K01/210.34 mi19, Trumpington Road, London, Greater London E7 9EH3
£522K12/200.34 mi9, David Street, London, Greater London E15 1PP3
£695K01/230.35 mi96a, Chobham Road, London, Greater London E15 1LZ3
£440K05/230.35 mi91, Keogh Road, London, Greater London E15 4NS3
£630K01/210.35 mi132, Chobham Road, London, Greater London E15 1LZ3
£525K02/210.35 mi3, Ellingham Road, London, Greater London E15 2AU3
£445K10/210.35 mi21, Ellingham Road, London, Greater London E15 2AU3
£475K01/210.35 mi124, Keogh Road, London, Greater London E15 4NT3
£495K03/230.35 mi133, Keogh Road, London, Greater London E15 4NT3
£575K04/210.36 mi105, Ramsay Road, London, Greater London E7 9EP3
£600K04/230.36 mi147, Ramsay Road, London, Greater London E7 9EP3
£400K01/210.36 mi170, Cann Hall Road, London, Greater London E11 3NH3
£705K07/230.36 mi186, Cann Hall Road, London, Greater London E11 3NH3
£520K03/210.36 mi33, Selby Road, London, Greater London E11 3LT3
£587.5K05/210.36 mi52, Kingsdown Road, London, Greater London E11 3LP3
£490K01/210.38 mi30, Louise Road, London, Greater London E15 4NW3
£500K11/200.38 mi149, Crownfield Road, London, Greater London E15 2AS3
£390K03/210.38 mi72, Cemetery Road, London, Greater London E7 9DG3
£580K03/210.39 mi36, Cheneys Road, London, Greater London E11 3LN3

Local Rents

50 rents from £1.8K/mo to £4.5K/mo, average is £2.5K/mo.

RentDateDistanceAddressBeds 
£2,25002/250.03 mi-3
£2,30003/240.11 mi-3
£2,30004/250.11 mi-3
£2,30003/240.11 miHatfield Road, London, E153
£1,75012/240.12 mi-3
£2,30005/240.13 mi-3
£2,40004/240.15 miTrevelyan Road, London, E153
£2,40003/240.17 miTrevelyan Road, Stratford E153
£2,45004/240.24 mi-3
£2,40004/240.24 miThorogood Gardens, London, E153
£2,10004/240.24 miRanelagh Road, London, E113
£2,60003/240.25 miRanelagh Road, London3
£2,30004/250.26 mi-3
£2,50003/240.28 miSt. James Road, London, E153
£2,80003/240.29 mi-3
£2,50005/240.29 mi-3
£4,50012/240.29 mi-3
£2,20004/240.29 miHall Road, Stratford, E153
£2,40004/240.31 mi-3
£2,80003/240.32 mi-3
£2,00003/240.36 miCann Hall Road - E113
£2,90012/240.37 mi-3
£2,75003/240.38 miChobham Road, Stratford, London, E153
£3,30004/250.39 mi-3
£2,10003/240.39 miGazelle House, Manbey Park Road, Stratford, E153
£2,30003/240.39 miCheneys Road, London, E113
£2,10003/240.39 miChichester Road, Leytonstone3
£2,30003/240.39 miCheneys Road, Leytonstone3
£2,00004/240.4 miTower Hamlets Road, E73
£2,25003/240.4 miColegrave Road, Stratford, London, E153
£2,40003/250.41 mi-3
£2,30003/240.41 miCrownfield Road, Stratford, E153
£2,30011/190.42 miWellington Road, Forest Gate, E73
£2,50004/250.42 mi-3
£2,70004/250.43 mi-3
£2,50012/240.43 mi-3
£2,55005/240.44 mi-3
£2,55005/240.44 miChichester Road, London, E113
£2,50003/250.44 mi-3
£2,75004/240.45 miManbey Mews, Stratford, London, E153
£2,80012/240.45 mi-3
£4,50004/240.45 mi-3
£4,20001/250.45 mi-3
£2,65003/240.45 miDownsell Road, London, E153
£2,60004/240.45 miDownsell Road, London, E153
£2,60005/240.45 mi-3
£3,30012/240.47 mi-3
£2,50004/240.47 mi-3
£2,60004/240.47 miJohn Barnes Walk, London, E153
£2,50004/240.47 miJohn Barnes Walk, London, E153

Local Area Statistics

Population in E15

52,199

Population in London

4,771,921

Town centre distance

5.12 miles away

Nearest school

0.10 miles away

Nearest train station

0.36 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+16%

Sales demand

Balanced market

Capital growth (5yrs)

+22%

Property History

Listed for £500,000

February 4, 2025

Floor Plans

Description

  • Three Bedroom House +
  • Two Reception Rooms +
  • Shared Side Access +
  • First Floor Bathroom +
  • Chain Free +
  • Requires Modernisation Throughout +
  • EPC Rating D +
  • Council Tax Waltham Forest Band C +

We are delighted to offer this three-bedroom ex-local authority house presents a wonderful opportunity for those looking to create their ideal home. Spanning an impressive 1,053 square feet, the property boasts two spacious reception rooms.

The first-floor bathroom adds convenience to the layout, while the shared side access enhances the practicality of the home. Although the property requires modernisation throughout, it is being sold as seen, with all furniture included.

Location is key, and this house is ideally situated just a short walk from Maryland station, providing excellent transport links to the rest of London. This property is perfect for those with a vision, offering the chance to personalise and transform it into a contemporary living space.

Whether you are a first-time buyer or an investor looking for a project, this house on Janson Road is a promising prospect in a vibrant area.

Entrance Via - door to porch - secondary door to:

Hallway - stairs ascending to first floor - cupboard housing gas meter, electric meter and consumer unit - radiator - power points - wood effect floor covering - doors to:

Lounge - double glazed window to front elevation - radiator - power points - carpet to remain.

Kitchen - double glazed window to rear elevation - cupboard housing Worcester boiler - range of eye and base level units incorporating a sink with mixer taps and drainer - gas cooker point - space and plumbing for washing machine - space for fridge/freezer - tiled splash backs - power points - wood effect floor covering - door to rear garden - door to:

Dining Room - double glazed window to rear elevation - radiator - power points - storage cupboard - carpet to remain.

First Floor Landing - access to loft - storage cupboard - wood effect floor covering - doors to:

Bathroom - obscure double glazed window to rear elevation - three piece suite comprising of a panel enclosed bath with mixer taps and shower over - pedestal wash basin - low flush w/c - tiled splash backs - radiator - exposed floor boards.

Bedroom 2 - double glazed window to rear elevation - radiator - power points - exposed floor boards.

Bedroom 1 - double glazed window to front elevation - radiator - power points - exposed floor boards .

Bedroom 3 - double glazed window to front elevation - radiator- power points - exposed floor boards - storage cupboard.

Rear Garden - 24.02m x 7.00m (78'9" x 22'11") - mainly laid to lawn - outside w/c - small brick shed - shared side access

Outside W/C - (untested)

Additional Information: - Council Tax London Borough of Waltham Forest Band C

Parking: On Street, a permit must be acquired from the local council.

An Ofcom online search shows that there is the following coverage via the following mobile networks:
EE: Indoor voice and data coverage likely. Outdoor voice and data coverage likely.
Three: Indoor voice and data coverage likely. Outdoor voice and data coverage likely.
O2: Indoor voice coverage likely and data coverage limited. Outdoor voice and data coverage likely.
Vodafone: Indoor voice and data coverage limited. Outdoor voice and data coverage likely.

An Ofcom Online search shows that standard, superfast and ultrafast broadband is available. (you may need to organise installation of an FTTP connection in order to achieve ultrafast speeds).

This checker shows the predicted broadband and mobile coverage availability and performance at your address. Please make your own enquiries prior to making an offer.

The property has mains electric, mains gas, mains water, mains sewerage and is heated via gas central heating.

The following is noted on the title register:

1 The parts of the land in this title affected thereby are subject to the restrictive covenants imposed thereon prior to registration so far as the same are enforceable.
2 A Transfer of the land in this title dated 12 October 1981 made between (1) The Mayor and Burgesses of The London Borough of Waltham Forest and (2) Thomas Brian Callaghan and Audrey Elizabeth Callaghan contains restrictive covenants.

Please note: the figures and information quoted above have been provided by the seller and documentary proof is awaited.

Referral Services - David Daniels can recommend a conveyancer and an independent financial advisor for you if required. These recommendations come from companies that we have worked with and have found to be efficient and reliable.

David Daniels will receive a referral fee from the below companies should you take up the services, these are as follow and will not impact upon the quotes you are given:

Sweeney Miller Solicitors & Knight Richardson Solicitors £240.00 INC VAT.

Mortgage Referral to Clickmortgages.net : 50% of procurement fee paid by the lender to the financial advisor on completion of your mortgage.

Please note that this arrangement does not affect the way in which David Daniels will act for you. Any advice given is completely independent.

Please get in touch should you require a quotation and we will be pleased to organise this for you.

Disclaimer - The information provided about this property does not constitute or form part of an offer or contract, nor may be it be regarded as representations. All interested parties must verify accuracy and your solicitor must verify tenure/lease information, fixtures & fittings and, where the property has been extended/converted, planning/building regulation consents. All dimensions are approximate and quoted for guidance only as are floor plans which are not to scale and their accuracy cannot be confirmed. Reference to appliances and/or services does not imply that they are necessarily in working order or fit for the purpose.

Agent Details

David Daniels, Stratford

020 8555 3521

Next Steps?

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