2 Bed Flat, Cash/Bridging Only, Woodford Green, IG8 7BD, £210,000

11 Woodbine Place, Wanstead, London, E11 2RH - 3 views - 3 months ago

Leasehold
Cash
ROI: 3%
60 m²
+12 photos

ValuationFair Value

Sold Prices£200K - £535K
Sold Prices/m²£4.3K/m² - £8.6K/m²

 

 

Square Metres

60 m²
Price/m²£3.5K/m²

Value Estimate

£210,000

 

 

End Value (After Refurb)

£362,338

Uplift in Value

+73%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£52,500

Stamp Duty & Legal Fees

£7,500

Refurb Costs

£31,742

Bridging Loan Interest

£5,513

Total Cash In

£99,004

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£362,338

Agent Fees (1%)

£3,623

Bridging Loan

£157,500

Bridging Loan Interest

£5,513

Flip Profit

£102,210

Local Sold Prices

50 sold prices from £200K to £535K, average is £350K. £4.3K/m² to £8.6K/m², average is £5.7K/m².

PriceDateDistanceAddressBeds 
£210K03/230.04 miFlat 266, Sunset Court, Navestock Crescent, Woodford Green, Greater London IG8 7BE2
£200K12/220.04 miFlat 182, Lambourne Court, Navestock Crescent, Woodford Green, Greater London IG8 7BD2
£215K02/230.06 miFlat 90, Blenheim Court, Navestock Crescent, Woodford Green, Greater London IG8 7BB2
£300K05/210.11 mi333, Chigwell Road, Woodford Green, Greater London IG8 8PL2
£280K11/210.14 mi42, Chalford Walk, Woodford Green, Greater London IG8 8PH2
£340K11/220.15 mi241, Chigwell Road, Woodford Green, Greater London IG8 8PP2
£405K11/220.2 mi31, Fyfield Road, Woodford Green, Greater London IG8 7JU2
£285.1K11/200.22 mi12, Lynwood Close, London, Greater London E18 1DP2
£370K10/200.24 mi90, Finchingfield Avenue, Woodford Green, Greater London IG8 7JR2
£408K12/220.29 mi35, Finchingfield Avenue, Woodford Green, Greater London IG8 7JZ2
£377.5K06/210.29 mi33, Finchingfield Avenue, Woodford Green, Greater London IG8 7JZ2
£375K08/210.3 mi5, Roxwell Way, Woodford Green, Greater London IG8 7JY2
£330K12/210.3 mi98, St Barnabas Road, Woodford Green, Greater London IG8 7DE2
£375K11/200.3 mi108, St Barnabas Road, Woodford Green, Greater London IG8 7DE2
£345K10/220.31 mi38, St Anthonys Avenue, Woodford Green, Greater London IG8 7EW2
£390K12/220.32 mi30, St Anthonys Avenue, Woodford Green, Greater London IG8 7EW2
£341K11/210.32 mi32, St Anthonys Avenue, Woodford Green, Greater London IG8 7EW2
£370K11/210.32 mi64, St Anthonys Avenue, Woodford Green, Greater London IG8 7EW2
£350K03/210.33 mi25, St Anthonys Avenue, Woodford Green, Greater London IG8 7EP2
£305K06/210.33 mi53, St Anthonys Avenue, Woodford Green, Greater London IG8 7EP2
£410K02/210.37 miGround Floor Flat, 57, Gordon Road, South Woodford, London, Greater London E18 1DT2
£430K11/220.39 mi37, Crescent Road, London, Greater London E18 1JA2
£390K05/230.39 mi92, Lechmere Avenue, Woodford Green, Greater London IG8 8QG2
£375K08/210.43 mi13, Lechmere Avenue, Woodford Green, Greater London IG8 8QF2
£365K08/210.43 mi17, Lechmere Avenue, Woodford Green, Greater London IG8 8QF2
£289K06/210.43 mi9, Roycroft Close, London, Greater London E18 1DZ2
£345K02/210.44 mi54, Lechmere Avenue, Woodford Green, Greater London IG8 8QQ2
£352K09/210.5 mi33, Avondale Court, London, Greater London E18 2RD2
£352.5K11/200.5 mi2, Avondale Court, London, Greater London E18 2RD2
£305K03/210.5 mi26, Avondale Court, London, Greater London E18 2RD2
£327.4K05/210.5 mi15, Avondale Court, London, Greater London E18 2RD2
£325K05/210.5 mi39, Avondale Court, London, Greater London E18 2RD2
£300K12/220.55 mi92a, Snakes Lane East, Woodford Green, Greater London IG8 7HX2
£325K05/210.56 mi30, Tamar Square, Woodford Green, Greater London IG8 0EA2
£330K12/200.56 mi27, Tamar Square, Woodford Green, Greater London IG8 0EA2
£380K04/210.61 miFlat 1, Mitre Court, Churchfields, London, Greater London E18 2TJ2
£450K08/210.61 mi60a, Mulberry Way, London, Greater London E18 1ED2
£285K10/210.62 mi6, Copford Close, Woodford Green, Greater London IG8 8EH2
£535K03/210.62 mi20, Ashdon Close, Woodford Green, Greater London IG8 0EF2
£350K11/220.63 mi11, Oakwood Close, Woodford Green, Greater London IG8 8EQ2
£450K01/210.68 mi59a, Cowslip Road, London, Greater London E18 1JN2
£420K06/210.69 miFlat 5, Hanover House, Eastwood Road, London, Greater London E18 1BN2
£300K11/210.7 miFlat 29, Old Mill Court, Chigwell Road, London, Greater London E18 1NJ2
£325K12/210.71 mi9, Westfield Park Drive, Woodford Green, Greater London IG8 8FD2
£395K03/210.73 mi7a, Daisy Road, London, Greater London E18 1EA2
£455K03/210.75 mi20a, Victoria Road, London, Greater London E18 1LG2
£335.5K07/230.76 miFlat 3, Deborah Court, Victoria Road, London, Greater London E18 1LF2
£358K11/200.76 mi55, Glengall Road, Woodford Green, Greater London IG8 0DN2
£300K03/230.78 miFlat 8, Swift House, Chigwell Road, London, Greater London E18 1TP2
£415K06/210.8 mi24, Alveston Square, London, Greater London E18 1AQ2

Local Rents

43 rents from £1.5K/mo to £2.4K/mo, average is £1.8K/mo.

RentDateDistanceAddressBeds 
£1,65012/240.05 mi-2
£1,80012/240.09 mi-2
£1,80004/240.11 miWoodford Green, IG82
£1,70004/240.11 miWoodford Green, IG82
£1,75012/240.11 mi-2
£1,80005/240.11 mi-2
£1,70006/240.11 mi-2
£1,75011/230.13 mi-2
£1,60004/240.16 mi-2
£1,60004/240.16 miGoldhaze Close, Woodford Green, IG82
£2,10004/250.19 mi-2
£2,35012/240.22 mi-2
£1,79012/240.22 mi-2
£1,75004/250.22 mi-2
£1,70005/240.22 miThe Firs, St. Barnabas Road, Woodford Green, Essex, IG82
£1,85004/240.24 miLynwood Close, South Woodford2
£1,85005/240.24 miLynwood Close, South Woodford2
£1,75003/240.27 miGordon Road, London2
£1,80005/240.28 miGordon Road, London, E182
£1,80005/240.28 mi-2
£1,75001/250.28 mi-2
£1,75003/250.34 mi-2
£1,60005/240.35 miThe Albany , Woodford Green, 2
£2,00005/240.41 mi-2
£1,55004/240.42 miDiana Close, South Woodford2
£1,75003/240.43 miDiana Close, South Woodford2
£1,75004/240.43 miDiana Close, South Woodford, E182
£1,75004/240.45 miGordon Road, South Woodford, E182
£1,75003/240.48 miDiana Close, South Woodford2
£1,60003/240.5 miChurchfields, London, E182
£1,70004/240.5 miAvondale Court, South Woodford, E182
£1,50005/240.5 miFirst Floor Flat, Avondale Court2
£1,90004/240.51 miUplands Road, Woodford Green, IG82
£1,90011/240.56 mi-2
£1,85003/240.57 miKingswood Heights, Queen Marys Gate, South Woodford, E182
£1,80004/240.58 miScenix House, Chigwell Road, South Woodford, E182
£1,85001/240.61 mi-2
£1,90007/240.61 mi-2
£1,90005/240.61 miThe Broadway, Woodford Green, IG82
£1,95002/250.61 mi-2
£2,00012/240.62 mi-2
£1,99503/240.62 miQueen Mary Avenue, London, E182
£1,99503/240.62 miQueen Mary Avenue, London2

Local Area Statistics

Population in IG8

35,894

Town centre distance

0.61 miles away

Nearest school

0.30 miles away

Nearest train station

0.55 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+27%

Sales demand

Balanced market

Capital growth (5yrs)

+12%

Property History

Listed for £210,000

February 11, 2025

Floor Plans

Description

  • Two bedrooms +
  • Situated on the 10th floor +
  • Spacious lounge/diner +
  • Private balcony +
  • Chain free +
  • 0.6 miles to Woodford Central Line Station +
  • Cash buyers only +

*CASH BUYERS ONLY* Petty Son & Prestwich are delighted to present this generously sized two-bedroom apartment, located on the 10th floor and spanning an impressive 780 square feet.

Boasting a spacious lounge/diner with a private balcony, this property offers stunning views over the surrounding area. Positioned on Navestock Crescent, the apartment is just a 0.6-mile walk from Woodford Central Line Station, ensuring excellent transport links. Families will appreciate the proximity to several highly regarded schools, including Woodbridge High School (0.3 miles, rated ‘Good’ by Ofsted), Mallards Wood Daycare and Pre-School (0.2 miles), and Churchfields Junior School (1 mile, rated ‘Outstanding’ by Ofsted). This property is ideal for investors or those in need of both space and a prime location for commuting and schooling. Upon entering, you'll find two generously sized double bedrooms, a family bathroom with a separate WC, and ample storage throughout. The expansive lounge/diner is perfect for family gatherings and entertaining, while the private balcony offers a peaceful retreat with views over the open green space.

Offered chain-free, this apartment presents a fantastic opportunity for those looking to move quickly.

EPC Rating: C79
Council Tax Band: A
Lease Information: 125 years from 22nd October 1990 (90 years currently remain)
Service Charge: Approx. £2250 per annum
Ground Rent: £10 per annum
Heating is billed directly from Redbridge Council

Reception/Dining Room - 4.88 x 3.51 (16'0" x 11'6") -

Kitchen - 3.51 x 2.24 (11'6" x 7'4") -

Bedroom - 4.91 x 2.69 (16'1" x 8'9") -

Bedroom - 4.96 x 2.59 (16'3" x 8'5") -

Agent Details

Petty Son & Prestwich Ltd, London

020 3879 9971

Next Steps?

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

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