3 Bed Flat, Single Let, London, E14 3HY, £400,000

Manchester Road, London, E14 3HY - 4 views - 2 months ago

Leasehold

BTL

ROI: 7%

~93 m²

+7 photos

ValuationUndervalued

Sold Prices	£295K - £1.2M
Sold Prices/m²	£4.2K/m² - £10.3K/m²

Square Metres	~93 m²
Price/m²	£4.3K/m²
Value Estimate	£496,000£496,000
BMV	24%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£100,000£100,000
Stamp Duty & Legal Fees	£20,700£20,700
Total Cash In	£120,700£120,700

Cash Out
Rent Range	£2,150 - £5,695£2,150 - £5,695
Rent Estimate	£2,462
Running Costs/mo	£1,762£1,762
Cashflow/mo	£700£700
Cashflow/yr	£8,395£8,395
ROI	7%7%
Gross Yield	7%7%

Local Sold Prices

50 sold prices from £295K to £1.2M, average is £467.5K. £4.2K/m² to £10.3K/m², average is £6K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£790K	02/21	0.14 mi	Flat 28, Cubitt Wharf, Storers Quay, London, Greater London E14 3BF	-	-	3	Flat
£795K	10/21	0.48 mi	112, St Davids Square, London, Greater London E14 3WB	£6,974	114	3	Flat
£510K	06/21	0.52 mi	7, Taeping Street, London, Greater London E14 9UN	£9,444	54	3	Flat
£680K	12/20	0.54 mi	226, St Davids Square, London, Greater London E14 3WE	£5,763	118	3	Flat
£385K	04/23	0.64 mi	Flat 9, Conway House, Cahir Street, London, Greater London E14 3RA	-	-	3	Flat
£460K	12/23	0.67 mi	Flat 46, Rockfield House, Welland Street, London, Greater London SE10 9DS	-	-	3	Flat
£825K	07/23	0.71 mi	5, Da Gama Place, London, Greater London E14 3QQ	£7,933	104	3	Flat
£810K	12/20	0.89 mi	4, Landons Close, London, Greater London E14 9QQ	£6,480	125	3	Flat
£360K	02/21	0.91 mi	Flat 23, Haddo House, Haddo Street, London, Greater London SE10 9SG	-	-	3	Flat
£365K	09/23	0.91 mi	Flat 95, Haddo House, Haddo Street, London, Greater London SE10 9SE	-	-	3	Flat
£425K	03/21	0.92 mi	Flat C, 72, Woolwich Road, London, Greater London SE10 0JU	-	-	3	Flat
£650K	12/21	0.93 mi	Apartment 9, Meridian Point, Creek Road, London, Greater London SE8 3DB	-	-	3	Flat
£710K	09/23	0.98 mi	Flat 5, Swanne House, Gloucester Circus, London, Greater London SE10 8RU	-	-	3	Flat
£570K	08/23	0.99 mi	320, Boardwalk Place, London, Greater London E14 5SH	£8,074	71	3	Flat
£398.8K	12/22	1.02 mi	Flat 2, Gilbert House, Mcmillan Street, London, Greater London SE8 3DJ	-	-	3	Flat
£395K	09/23	1.03 mi	80d, Humber Road, London, Greater London SE3 7LX	-	-	3	Flat
£475K	01/21	1.09 mi	36a, Coleraine Road, London, Greater London SE3 7PQ	£5,337	89	3	Flat
£380K	11/20	1.09 mi	34b, Coleraine Road, London, Greater London SE3 7PQ	£4,222	90	3	Flat
£450K	09/23	1.09 mi	34e, Coleraine Road, London, Greater London SE3 7PQ	£5,056	89	3	Flat
£405K	10/20	1.1 mi	Flat 2, Finch House, Bronze Street, London, Greater London SE8 3DU	-	-	3	Flat
£750K	02/24	1.11 mi	53b, Coleraine Road, London, Greater London SE3 7PF	£10,339	73	3	Flat
£415K	05/21	1.12 mi	3, Ormiston Road, London, Greater London SE10 0LJ	£4,940	84	3	Flat
£390K	12/20	1.15 mi	7a, Station Crescent, London, Greater London SE3 7EQ	£6,167	63	3	Flat
£375K	06/21	1.17 mi	Flat 26, Holden House, Deptford Church Street, London, Greater London SE8 4SQ	-	-	3	Flat
£295K	11/20	1.17 mi	Flat 51, Pelican House, Bowditch, London, Greater London SE8 3AP	-	-	3	Flat
£420K	08/23	1.18 mi	56, Beaconsfield Close, London, Greater London SE3 7LH	£5,600	75	3	Flat
£490K	01/23	1.21 mi	10, Blissett Street, London, Greater London SE10 8UP	£5,568	88	3	Flat
£415K	11/20	1.26 mi	Flat 11, Rickman House, Grove Street, London, Greater London SE8 5RB	-	-	3	Flat
£670K	04/23	1.27 mi	Flat 2, Conduit House, Hyde Vale, London, Greater London SE10 8HW	-	-	3	Flat
£310K	06/21	1.28 mi	Flat 3, Kittiwake Court, Abinger Grove, London, Greater London SE8 5SW	-	-	3	Flat
£592K	09/21	1.31 mi	21, Greenwich High Road, London, Greater London SE10 8JL	-	-	3	Flat
£385K	06/21	1.32 mi	20, Payne Street, London, Greater London SE8 4LP	-	-	3	Flat
£425K	02/21	1.33 mi	35a, Dupree Road, London, Greater London SE7 7RR	£5,247	81	3	Flat
£430K	09/21	1.33 mi	31a, Dupree Road, London, Greater London SE7 7RR	£5,375	80	3	Flat
£421K	07/21	1.34 mi	83, Edward Street, London, Greater London SE8 5HB	£5,785	73	3	Flat
£692K	11/21	1.34 mi	69, Rope Street, London, Greater London SE16 7TF	£10,029	69	3	Flat
£674.5K	02/23	1.4 mi	297a, Rotherhithe Street, London, Greater London SE16 5EY	£6,551	103	3	Flat
£600K	03/23	1.4 mi	Flat 21, Copenhagen Court, Yeoman Street, London, Greater London SE8 5ER	-	-	3	Flat
£645.4K	10/20	1.41 mi	Flat 73, Copenhagen Court, Pell Street, London, Greater London SE8 5ES	-	-	3	Flat
£583K	06/23	1.45 mi	Flat C, 23, Charlton Road, London, Greater London SE3 7EU	-	-	3	Flat
£400K	04/21	1.49 mi	28, Brownfield Street, London, Greater London E14 6NE	£5,970	67	3	Flat
£555K	09/21	1.51 mi	First Floor Flat, 15, Scawen Road, London, Greater London SE8 5AG	-	-	3	Flat
£700K	01/23	1.51 mi	18, Milligan Street, London, Greater London E14 8AU	£9,152	76	3	Flat
£355K	06/21	1.52 mi	14, Willis Street, London, Greater London E14 6NB	-	-	3	Flat
£415K	02/23	1.52 mi	8, Willis Street, London, Greater London E14 6NB	£5,685	73	3	Flat
£475K	09/23	1.54 mi	75, Inverine Road, London, Greater London SE7 7NJ	£6,786	70	3	Flat
£486K	11/20	1.56 mi	3, The Birches, London, Greater London SE7 7PB	£7,043	69	3	Flat
£1.2M	01/23	1.56 mi	9b, The Orchard, London, Greater London SE3 0QS	-	-	3	Flat
£557K	03/21	1.57 mi	67, Acorn Walk, London, Greater London SE16 5DY	£4,973	112	3	Flat
£353K	06/21	1.57 mi	108, Coldbath Street, London, Greater London SE13 7RL	-	-	3	Flat

Local Rents

50 rents from £2.1K/mo to £5.7K/mo, average is £3K/mo.

Rent	Date	Distance	Address	Beds	Type
£2,950	12/24	0.01 mi	-	3	Flat
£2,850	12/24	0.05 mi	-	3	Flat
£2,496	03/24	0.06 mi	Seyssel Street, E14	3	Flat
£2,750	03/24	0.12 mi	Manchester Road, Docklands	3	Flat
£5,695	04/24	0.13 mi	-	3	Flat
£2,500	04/25	0.15 mi	-	3	Terraced House
£2,500	04/25	0.17 mi	-	3	Terraced House
£2,450	12/24	0.18 mi	-	3	Flat
£2,860	04/24	0.19 mi	Glengarnock Avenue,Isle of dogs, Docklands, London, E14	3	Flat
£3,600	12/24	0.22 mi	-	3	Flat
£3,080	02/24	0.22 mi	-	3	Flat
£2,650	03/24	0.24 mi	Cumberland Mills Square, Cubitt Town, E14	3	Flat
£2,175	12/24	0.31 mi	-	3	Flat
£2,150	03/25	0.31 mi	-	3	Flat
£2,150	04/25	0.31 mi	-	3	Flat
£2,990	02/24	0.32 mi	-	3	Flat
£2,500	12/24	0.35 mi	Cross Harbour, Isle of Dogs, London	3	Flat
£2,860	03/24	0.4 mi	Manchester Road, Isle of dogs, London, E14	3	Flat
£3,000	11/23	0.41 mi	Gordian Apartments, Cable Walk, SE10	3	Flat
£3,100	08/24	0.41 mi	Distel Apartments, Enderby Wharf, North Greenwich, London, SE10 0TG	3	Flat
£3,200	08/24	0.41 mi	TELEGRAPH AVENUE, Greenwich, London, SE10	3	Flat
£2,800	08/24	0.41 mi	Lariat Apartments, 36 Cable Walk, Greenwich, London, SE10 0TR	3	Flat
£2,500	02/25	0.41 mi	-	3	Flat
£2,500	03/25	0.41 mi	-	3	Flat
£2,500	03/25	0.41 mi	-	3	Flat
£2,400	04/25	0.41 mi	-	3	Flat
£2,300	04/25	0.41 mi	-	3	Flat
£2,300	04/25	0.41 mi	-	3	Flat
£3,500	08/24	0.42 mi	-	3	Flat
£2,999	08/24	0.42 mi	Harrison Walk, Greenwich	3	Flat
£3,500	08/24	0.42 mi	Atlantic Point, London, SE10	3	Flat
£2,450	05/24	0.42 mi	-	3	Terraced House
£2,450	05/24	0.42 mi	London, London, E14	3	Terraced House
£3,000	08/24	0.44 mi	Ossel Court, 13 Telegraph Avenue, London, SE10	3	Flat
£3,750	08/24	0.44 mi	Bond Court, Greenwich, SE10	3	Flat
£3,100	08/24	0.44 mi	Banning Street, Canary Wharf, SE10	3	Flat
£3,700	08/24	0.44 mi	-	3	Flat
£3,450	08/24	0.44 mi	Ossel Court, Greenwich, SE10 0TE	3	Flat
£3,200	08/24	0.44 mi	Telegraph Avenue London SE10	3	Flat
£3,293	08/24	0.44 mi	Telegraph Avenue, London, SE10	3	Flat
£2,850	08/24	0.44 mi	River Gardens Walk London SE10	3	Flat
£3,100	08/24	0.44 mi	24 Cable Walk Greenwich SE10	3	Flat
£3,098	08/24	0.44 mi	Cable Walk, Greenwich	3	Flat
£3,000	04/25	0.44 mi	-	3	Flat
£3,250	08/24	0.44 mi	2 Springham Walk London SE10	3	Flat
£5,200	01/25	0.45 mi	-	3	Terraced House
£2,999	03/24	0.45 mi	34 ,Thermopylae Gate, London, E14	3	Semi-Detached House
£3,250	08/24	0.45 mi	Granite Apartments, Greenwich, SE10	3	Flat
£2,850	08/24	0.46 mi	Telegraph Avenue SE10	3	Terraced House
£3,000	09/24	0.46 mi	Telegraph Avenue SE10	3	Terraced House

Local Area Statistics

Population in E14	79,76079,760
Population in London	4,771,9214,771,921
Town centre distance	4.97 miles away4.97 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	0.33 miles away0.33 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	-4%-4%
Sales demand	Buyer's marketBuyer's market
Capital growth (5yrs)	-3%-3%

Property History

Listed for £400,000

February 11, 2025

Floor Plans

Description

Offers in Excess of £400,000 +
Three Bedroom Flat +
Open Plan Living Room +
Modern Fitted Kitchen with Breakfast Bar +
Private Rear Garden +
Good Sized Bedrooms +
Contemporary Family Bathroom +
Excellent Road & Transport Links +
Close to Local Shops & Amenities +
No Onward Chain +

Yopa are delighted to bring to market this spacious, three bedroom, ground floor flat, set within easy reach of the many amenities in Canary Wharf. The property boasts a bright & airy open plan reception room with ample space to dine and a modern fitted kitchen with breakfast bar, private rear garden with patio decking and a shed, three good sized bedrooms; two with fitted wardrobes and a large contemporary family bathroom. Further benefits include ample storage throughout and the property is available with no onward chain. This property would make an ideal first-time purchase, investment or family home so an internal viewing is highly recommended. Book a viewing online today to avoid missing out! Farnworth House is enviably located close to a great selection shops & amenities including cafés, restaurants and a 24 hour supermarket as well as the excellent shopping, bars and restaurants of Canary Wharf. Crossharbour, Mudchute & Island Gardens (DLR) stations are close by providing easy access into the City, West End and beyond. The Thames Clipper Service can be found just moments away at Masthouse Pier, ideal for those commuting across the City/Canary Wharf.

LEASE INFORMATION We have been informed by the current owners of the following: Lease Term: 88 yrs Service Charge: c. £1,500 pa Ground Rent: £10 pa EPC Rating: D Council Tax: B Disclaimer Whilst we make enquiries with the Seller to ensure the information provided is accurate, Yopa makes no representations or warranties of any kind with respect to the statements contained in the particulars which should not be relied upon as representations of fact. All representations contained in the particulars are based on details supplied by the Seller. Your Conveyancer is legally responsible for ensuring any purchase agreement fully protects your position. Please inform us if you become aware of any information being inaccurate. Money Laundering Regulations Should a purchaser(s) have an offer accepted on a property marketed by Yopa, they will need to undertake an identification check and asked to provide information on the source and proof of funds. This is done to meet our obligation under Anti Money Laundering Regulations (AML) and is a legal requirement. We use a specialist third party service together with an in-house compliance team to verify your information. The cost of these checks is £70 +VAT per purchase, which is paid in advance, when an offer is agreed and prior to a sales memorandum being issued. This charge is non-refundable under any circumstances.

Agent Details

Yopa, South East & London

01322 952994

Next Steps?

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