2 Bed Terraced House, Single Let, London, E15 2NS, £370,000

High Street, London, E15 2NS - 2 months ago

Leasehold

BTL

ROI: 3%

~59 m²

+10 photos

ValuationUndervalued

Sold Prices	£260K - £985K
Sold Prices/m²	£4.4K/m² - £12.9K/m²

Square Metres	~58.50 m²
Price/m²	£6.3K/m²
Value Estimate	£421,544£421,544
BMV	14%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£92,500£92,500
Stamp Duty & Legal Fees	£28,200£28,200
Total Cash In	£120,700£120,700

Cash Out
Rent Range	£1,850 - £4,099£1,850 - £4,099
Rent Estimate	£1,900
Running Costs/mo	£1,556£1,556
Cashflow/mo	£344£344
Cashflow/yr	£4,125£4,125
ROI	3%3%
Gross Yield	6%6%

Local Sold Prices

28 sold prices from £260K to £985K, average is £456.8K. £4.4K/m² to £12.9K/m², average is £7.2K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£480K	01/23	0.18 mi	25, Bisson Road, London, Greater London E15 2RD	£6,000	80	2	Terraced House
£543.5K	06/21	0.33 mi	23, Wrexham Road, London, Greater London E3 2TJ	£9,100	60	2	Terraced House
£985K	04/22	0.5 mi	15, Douro Street, London, Greater London E3 2TS	-	-	2	Detached House
£385K	06/21	0.67 mi	34, Mortham Street, London, Greater London E15 3LS	£4,695	82	2	Terraced House
£260K	04/21	0.68 mi	Flat 1, Marina Court, Alfred Street, London, Greater London E3 2BH	-	-	2	Semi-Detached House
£585K	02/21	0.69 mi	30, Hewison Street, London, Greater London E3 2HY	-	-	2	Terraced House
£490K	09/21	0.7 mi	86, Pond Road, London, Greater London E15 3BE	£8,971	55	2	Terraced House
£490K	05/22	0.7 mi	1, Rokeby Street, London, Greater London E15 3NS	£7,206	68	2	Semi-Detached House
£497.5K	06/21	0.72 mi	383b, Old Ford Road, London, Greater London E3 2LU	£9,950	50	2	Terraced House
£425K	01/23	0.73 mi	5, Richardson Road, London, Greater London E15 3BB	£6,439	66	2	Terraced House
£435K	06/21	0.74 mi	47, Marriott Road, London, Greater London E15 4QF	£6,493	67	2	Semi-Detached House
£435K	06/21	0.74 mi	47, Marriott Road, London, Greater London E15 4QF	£6,493	67	2	Semi-Detached House
£425K	06/21	0.76 mi	65, Pitchford Street, London, Greater London E15 4RZ	£7,589	56	2	Terraced House
£410K	12/20	0.78 mi	19, Pitchford Street, London, Greater London E15 4RZ	£6,613	62	2	Semi-Detached House
£765K	11/22	0.79 mi	175, Swaton Road, London, Greater London E3 4EP	£9,444	81	2	Terraced House
£520K	04/23	0.84 mi	39, Malmesbury Road, London, Greater London E3 2EB	-	-	2	Terraced House
£500K	06/23	0.84 mi	27, Malmesbury Road, London, Greater London E3 2EB	-	-	2	Terraced House
£595K	02/21	0.88 mi	13, St Stephens Road, London, Greater London E3 5JD	£12,935	46	2	Terraced House
£440K	03/21	0.91 mi	51, Ranelagh Road, Stratford, London, Greater London E15 3DP	£4,427	99	2	Terraced House
£440K	04/23	0.93 mi	28, Faringford Road, London, Greater London E15 4DW	-	-	2	Terraced House
£465K	06/21	0.93 mi	10, Faringford Road, London, Greater London E15 4DW	-	-	2	Terraced House
£445K	10/20	0.93 mi	9, Aldworth Road, London, Greater London E15 4DN	£7,063	63	2	Terraced House
£421K	04/21	0.94 mi	48, Aldworth Road, London, Greater London E15 4DL	£8,258	51	2	Terraced House
£501.3K	01/21	0.94 mi	78, Aldworth Road, London, Greater London E15 4DL	£8,355	60	2	Terraced House
£440K	03/23	0.95 mi	17, Faringford Road, London, Greater London E15 4DP	£6,769	65	2	Terraced House
£420K	04/23	0.96 mi	142, Corporation Street, London, Greater London E15 3DY	£6,029	70	2	Terraced House
£535K	07/23	0.98 mi	32, Lyal Road, London, Greater London E3 5QG	£12,621	42	2	Terraced House
£448.5K	08/23	0.98 mi	107, Tennyson Road, Stratford, London, Greater London E15 4DR	£9,750	46	2	Terraced House

Local Rents

50 rents from £1.9K/mo to £4.1K/mo, average is £2.2K/mo.

Rent	Date	Distance	Address	Beds	Type
£2,000	03/24	0 mi	Central house High Street, London, E15	2	Flat
£1,850	03/24	0 mi	Central House \| Stratford High Street \| E15	2	Flat
£2,000	03/24	0 mi	High Street, London, E15	2	Flat
£2,000	05/24	0 mi	Central house High Street, London, E15	2	Flat
£2,000	03/24	0 mi	Central House, High Street, London, E15	2	Flat
£2,200	03/24	0 mi	-	2	Flat
£2,100	03/24	0 mi	-	2	Flat
£2,100	02/25	0 mi	-	2	Flat
£2,200	02/25	0 mi	-	2	Flat
£1,900	02/25	0 mi	-	2	Flat
£2,100	03/25	0 mi	-	2	Flat
£2,000	04/25	0 mi	-	2	Flat
£2,000	04/25	0 mi	-	2	Flat
£2,000	03/24	0 mi	High Street, London, E15	2	Flat
£2,000	02/24	0 mi	-	2	Flat
£2,000	03/24	0 mi	-	2	Flat
£1,900	01/25	0.01 mi	-	2	Flat
£1,950	04/24	0.01 mi	High Street, London, E15	2	Flat
£2,200	02/25	0.01 mi	-	2	Flat
£2,000	04/25	0.01 mi	-	2	Flat
£2,300	02/25	0.04 mi	-	2	Flat
£2,000	03/24	0.04 mi	George Hudson Tower, 28 High Street, Stratford, E15	2	Flat
£2,100	04/24	0.04 mi	George Hudson Tower, 28 High Street, Stratford, E15	2	Flat
£2,500	05/24	0.04 mi	-	2	Flat
£2,200	04/24	0.04 mi	High Street, Stratford	2	Flat
£2,350	03/24	0.04 mi	-	2	Flat
£2,100	02/24	0.04 mi	-	2	Flat
£2,200	05/24	0.04 mi	Thomas Frye Court, London, E15	2	Flat
£2,200	05/24	0.04 mi	-	2	Flat
£2,000	03/24	0.05 mi	High Street, Stratford, E15	2	Flat
£2,199	03/25	0.06 mi	-	2	Flat
£2,349	03/24	0.06 mi	High Street, Stratford	2	Flat
£2,300	03/24	0.07 mi	Highland Street London E15	2	Flat
£2,500	03/24	0.08 mi	Barley Lane, London	2	House
£2,000	03/25	0.08 mi	-	2	Flat
£2,400	04/25	0.08 mi	-	2	Flat
£2,200	04/24	0.08 mi	High Street, London, E15	2	Flat
£2,500	03/24	0.1 mi	Malt House, Stratford Mill, E15	2	Flat
£2,475	03/24	0.1 mi	Malt House, Stratford Mill, E15	2	Flat
£2,500	04/24	0.11 mi	-	2	Flat
£2,500	04/24	0.11 mi	-	2	Flat
£2,500	05/24	0.11 mi	-	2	Flat
£2,708	04/25	0.11 mi	-	2	Flat
£2,500	04/24	0.11 mi	Sky View Tower, 12 High Street, Stratford, London, E15	2	Flat
£4,099	12/24	0.11 mi	-	2	Flat
£2,600	03/24	0.11 mi	Sky View Tower, 12 High Street, E15	2	Flat
£2,375	04/24	0.11 mi	Sky View Tower, 12 High Street, London, E15	2	Flat
£2,000	04/24	0.11 mi	Central House, 32-66 High Street, London, E15	2	Flat
£2,548	03/24	0.12 mi	Sky View Tower, Stratford E15	2	Flat
£2,550	03/24	0.12 mi	High Street, London, E15	2	Flat

Local Area Statistics

Population in E15	52,19952,199
Population in London	4,771,9214,771,921
Town centre distance	4.06 miles away4.06 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	0.20 miles away0.20 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+16%+16%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+22%+22%

Property History

Price changed to £370,000

April 1, 2025

Listed for £378,000

February 7, 2025

Floor Plans

Description

Gated development +
Balcony +
Concierge +
Gymnasium with steam and sauna +
Allocated parking +

A fantastic opportunity to purchase this two-bedroom, two bathroom apartment situated in the popular Central House, a secure gated development in the heart of Stratford.
This newly refurbished apartment is situated on the second floor, and comprises of a spacious lounge leading to a large private terrace, separate fully fitted and renovated kitchen, double bedroom with en-suite and a second double bedroom. There is also another bathroom and storage cupboards.
Central House benefits from a secure entrance with CCTV, concierge, private residence gymnasium, lift access, allocated parking space and a roof terrace overlooking Stratford and the City of London. This property is offered to the market with no onward chain and long lease of over 900 years remaining. Central house is located moments from Pudding Mill Lane DLR and Stratford International Station.

Service Charge - £3,800 per annum approx.
Chain Free
Leasehold: 900+ Years Lease
Council Tax: London Borough of Newham Band C
EPC Rating: C

Agent Details

City & Urban, Shoreditch

020 3872 4833

Next Steps?

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

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