2 Bed Flat, Single Let, London, E4 6EZ, £300,000

The Croft, North Chingford, E4 6EZ - 2 views - 2 months ago

Leasehold

BTL

ROI: 4%

~68 m²

+11 photos

ValuationUndervalued

Sold Prices	£265K - £775K
Sold Prices/m²	£3.7K/m² - £6.8K/m²

Square Metres	~68.11 m²
Price/m²	£4.4K/m²
Value Estimate	£370,884£370,884
BMV	24%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£75,000£75,000
Stamp Duty & Legal Fees	£21,200£21,200
Total Cash In	£96,200£96,200

Cash Out
Rent Range	£700 - £2,400£700 - £2,400
Rent Estimate	£1,575
Running Costs/mo	£1,273£1,273
Cashflow/mo	£303£303
Cashflow/yr	£3,630£3,630
ROI	4%4%
Gross Yield	6%6%

Local Sold Prices

38 sold prices from £265K to £775K, average is £353K. £3.7K/m² to £6.8K/m², average is £5.4K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£375K	10/21	0.29 mi	53, Queens Grove Road, London, Greater London E4 7BT	£6,818	55	2	Flat
£320K	05/21	0.44 mi	Flat 46, Seymour Court, Whitehall Road, London, Greater London E4 6DZ	-	-	2	Flat
£360K	12/20	0.45 mi	42, Woodland Road, Chingford, London, Greater London E4 7EU	£5,538	65	2	Flat
£390K	06/23	0.47 mi	Flat 2, Cavendish Court, Gordon Road, London, Greater London E4 6DL	-	-	2	Flat
£275K	12/20	0.47 mi	11, Woodland Road, London, Greater London E4 7ET	-	-	2	Flat
£395K	12/22	0.52 mi	Flat 10, Bowyer Court, The Ridgeway, Chingford, London, Greater London E4 6UH	-	-	2	Flat
£390K	06/21	0.52 mi	1a, Forest Avenue, London, Greater London E4 6AR	£5,270	74	2	Flat
£350K	07/23	0.53 mi	19, Arbor Road, London, Greater London E4 6LJ	£5,738	61	2	Flat
£402.5K	08/21	0.54 mi	9, Farnley Road, London, Greater London E4 7AD	£6,289	64	2	Flat
£402.5K	08/21	0.54 mi	9, Farnley Road, London, Greater London E4 7AD	£6,289	64	2	Flat
£380K	07/23	0.59 mi	26, Shingly Place, London, Greater London E4 6AE	£5,352	71	2	Flat
£405K	02/23	0.59 mi	66, Shingly Place, London, Greater London E4 6AE	£5,192	78	2	Flat
£312K	10/20	0.59 mi	8, Chadwick Avenue, London, Greater London E4 6NE	£4,588	68	2	Flat
£265K	02/21	0.6 mi	63, Hatch Lane, London, Greater London E4 6LP	£4,015	66	2	Flat
£310K	12/22	0.61 mi	6, Chadwick Avenue, London, Greater London E4 6NE	-	-	2	Flat
£345K	12/20	0.61 mi	19, Top House Rise, London, Greater London E4 7EE	£4,742	73	2	Flat
£775K	06/21	0.61 mi	1a, Waterhall Avenue, London, Greater London E4 6NB	-	-	2	Flat
£337K	04/23	0.63 mi	Flat 2, Kingsmead Lodge, Heathcote Grove, London, Greater London E4 6RU	-	-	2	Flat
£295K	02/21	0.63 mi	Flat 2, Kingsmead Lodge, Heathcote Grove, London, Greater London E4 6RU	-	-	2	Flat
£377K	02/23	0.63 mi	8, Hale Close, London, Greater London E4 6SA	£5,310	71	2	Flat
£345K	04/23	0.76 mi	70, Chingford Avenue, Chingford, London, Greater London E4 6RP	£5,565	62	2	Flat
£372.5K	06/21	0.77 mi	Ground Floor Flat, 41a, Chingford Avenue, Chingford, London, Greater London E4 6RJ	-	-	2	Flat
£375K	06/21	0.79 mi	28, The Albany, Woodford Green, Greater London IG8 0TJ	-	-	2	Flat
£320K	06/21	0.79 mi	Flat 29, Ingrebourne Court, Chingford Avenue, London, Greater London E4 6RL	-	-	2	Flat
£317.5K	06/21	0.79 mi	Flat 4, Ingrebourne Court, Chingford Avenue, Chingford, London, Greater London E4 6RL	-	-	2	Flat
£370K	12/22	0.79 mi	17, The Cedars, Buckhurst Hill, Essex IG9 5TS	£5,692	65	2	Flat
£380K	01/21	0.8 mi	21, The Cedars, Buckhurst Hill, Essex IG9 5TS	£6,479	59	2	Flat
£365K	02/21	0.8 mi	18, The Cedars, Buckhurst Hill, Essex IG9 5TS	£3,724	98	2	Flat
£356K	03/21	0.85 mi	169a, Whitehall Road, Woodford Green, Greater London IG8 0RH	£5,060	70	2	Flat
£280K	01/21	0.86 mi	Flat 12, Phoenix Court, Chingford Avenue, Chingford, London, Greater London E4 6RH	-	-	2	Flat
£285K	05/21	0.86 mi	Flat 2, Phoenix Court, Chingford Avenue, Chingford, London, Greater London E4 6RH	-	-	2	Flat
£320K	02/21	0.88 mi	Flat 42, Forest Heights, Epping New Road, Buckhurst Hill, Essex IG9 5TE	-	-	2	Flat
£408K	09/22	0.88 mi	Flat 43, Forest Heights, Epping New Road, Buckhurst Hill, Essex IG9 5TE	-	-	2	Flat
£305K	03/21	0.88 mi	17, Peel Close, London, Greater London E4 6XU	£5,169	59	2	Flat
£317K	04/21	0.91 mi	26, Suffield Road, London, Greater London E4 9TA	£5,870	54	2	Flat
£310K	01/23	0.97 mi	108b, New Road, London, Greater London E4 9SY	£6,327	49	2	Flat
£365K	01/23	0.97 mi	Flat 11, Larkswood Court, The Avenue, London, Greater London E4 9SF	-	-	2	Flat
£328.1K	02/23	0.98 mi	Flat 4, Larkswood Court, The Avenue, London, Greater London E4 9SF	-	-	2	Flat

Local Rents

42 rents from £700/mo to £2.4K/mo, average is £1.7K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,650	03/24	0.03 mi	Friday Hill, The Croft, E4	2	Flat
£1,750	02/25	0.17 mi	-	2	Flat
£1,750	04/25	0.17 mi	-	2	Flat
£1,795	03/24	0.24 mi	north Chingford	2	Flat
£1,900	03/24	0.28 mi	Garfield Road, North Chingford, E4	2	Flat
£1,700	04/25	0.31 mi	-	2	Semi-Detached House
£1,700	03/25	0.34 mi	-	2	Flat
£1,575	04/24	0.35 mi	Whitehall Road, Chingford	2	Flat
£1,575	04/24	0.35 mi	Whitehall Road, Chingford	2	Flat
£1,690	04/24	0.35 mi	Holmes Court, Larkshall Road, E4	2	Flat
£1,650	03/24	0.36 mi	Woodedge Close, London, E4	2	Flat
£1,650	12/24	0.37 mi	-	2	Flat
£1,750	03/24	0.39 mi	Bluehouse Road, Chingford	2	Terraced House
£1,650	03/25	0.4 mi	-	2	Flat
£1,575	05/24	0.4 mi	Thaxton Place, Chingford, E4	2	Flat
£1,750	03/24	0.41 mi	Crescent Road, North Chingford	2	Flat
£1,800	12/23	0.42 mi	-	2	Flat
£1,600	04/24	0.44 mi	Seymour Court, Whitehall Road, Chingford	2	Flat
£1,595	03/24	0.44 mi	-	2	Flat
£1,600	05/24	0.44 mi	-	2	Flat
£1,600	12/24	0.44 mi	-	2	Flat
£1,600	12/24	0.44 mi	-	2	Flat
£1,600	04/24	0.44 mi	Seymour Court, London, E4	2	Flat
£2,400	04/24	0.45 mi	Buxton Road, Chingford E4	2	Terraced House
£1,750	12/24	0.45 mi	-	2	Flat
£1,600	03/24	0.48 mi	Connington Crescent, Chingford, E4	2	Flat
£1,750	05/24	0.51 mi	Chingford, E4	2	Flat
£1,500	03/24	0.51 mi	The Drive, Chingford	2	Flat
£1,700	05/24	0.52 mi	The Ridgeway, North Chingford E4	2	Flat
£2,100	12/24	0.52 mi	-	2	Flat
£1,850	12/24	0.52 mi	-	2	Flat
£1,700	03/24	0.53 mi	Warren Road, North Chingford E4	2	Flat
£1,750	02/25	0.53 mi	-	2	Flat
£1,600	03/24	0.54 mi	Ashton Court, Connington Crescent, London	2	Flat
£1,600	04/24	0.54 mi	Ashton Court, Connington Crescent, London	2	Flat
£700	12/24	0.56 mi	-	2	Flat
£1,650	03/24	0.57 mi	Farnley Road, London	2	Flat
£1,650	03/24	0.57 mi	Farnley Road, London, E4	2	Flat
£1,800	04/24	0.57 mi	Nation Way, North Chingford, E4	2	Flat
£2,300	03/24	0.61 mi	Grosvenor Heights, Forest View, North Chingford	2	Flat
£2,300	04/24	0.61 mi	Grosvenor Heights, Forest View, North Chingford	2	Flat
£2,300	05/24	0.61 mi	Grosvenor Heights, Forest View, North Chingford	2	Flat

Local Area Statistics

Population in E4	60,22560,225
Population in London	4,771,9214,771,921
Town centre distance	8.39 miles away8.39 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.44 miles away0.44 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

Price changed to £300,000

April 5, 2025

Listed for £325,000

February 7, 2025

Floor Plans

Description

Spacious Two Double Bedroom Ground Floor Flat +
Modern Development +
Accessible To The Main Line Station +
No Onward Chain +
Allocated Parking Space +
Additional Visitors Parking +
Security Entry Phone System +
Ideal First Purchase +
Viewing Recommended +

Spacious two double bedroom ground floor flat which is situated in this modern development and is accessible to the main line station - Allocated Parking Space - Additional Visitors Parking - No Onward Chain - Security Entry Phone System - Ideal First Purchase.

IDEAL FIRST PURCHASE!!! We are delighted to offer this spacious two double bedroom ground floor flat which is situated in this modern development and is accessible to the main line station. The property which is being offered with no onward chain benefits from allocated parking space, additional visitors parking, fitted kitchen, security entryphone system and we feel would make an ideal first purchase.

EPC Rating D

Council Tax Band

Lease Term 125 Years From January 1995

Ground Rent £420.22 Per Annum

Service Charges £2137.50

Agent Details

Churchill Estates, North Chingford & Sewardstone

020 3835 6473

Next Steps?

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

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