3 Bed Terraced House, Refurb/BRRR, London, E14 3AY, £650,000

East Ferry Road, London, E14 3AY - 4 views - 2 months ago

Refurb/BRRR

ROI: 1%

~93 m²

+6 photos

ValuationUndervalued

Sold Prices	£600K - £1.1M
Sold Prices/m²	£5.5K/m² - £14.1K/m²

Square Metres	~93 m²
Price/m²	£7K/m²
Value Estimate	£707,000£707,000
BMV	1%

End Value (After Refurb)	£728,272£728,272
Uplift in Value	+4%+4%

Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (25%)	£162,500£162,500
Stamp Duty & Legal Fees	£44,700£44,700
Refurb Costs	£49,214£49,214
Bridging Loan Interest	£17,063£17,063
Total Cash In	£275,226£275,226

Cash Out
Monetisation	FlipRefinance & RentRefinance & Rent
Revaluation	£728,272£728,272
Mortgage (After Refinance)	£546,204£546,204
Mortgage LTV	75%75%
Cash Released	£58,704£58,704
Cash Left In	£216,522£216,522
Equity	£182,068£182,068
Rent Range	£2,450 - £5,200£2,450 - £5,200
Rent Estimate	£3,074
Running Costs/mo	£2,911£2,911
Cashflow/mo	£163£163
Cashflow/yr	£1,960£1,960
ROI	1%1%
Gross Yield	6%6%

Local Sold Prices

49 sold prices from £600K to £1.1M, average is £780K. £5.5K/m² to £14.1K/m², average is £8.3K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£900K	11/20	0 mi	174, East Ferry Road, London, Greater London E14 3AY	£9,278	97	3	Terraced House
£920K	07/23	0 mi	224, East Ferry Road, London, Greater London E14 3AY	£8,364	110	3	Terraced House
£870K	05/23	0 mi	216, East Ferry Road, London, Greater London E14 3AY	£5,506	158	3	Terraced House
£913K	09/22	0.01 mi	222, East Ferry Road, London, Greater London E14 3AY	-	-	3	Terraced House
£855K	08/22	0.01 mi	192, East Ferry Road, London, Greater London E14 3AY	-	-	3	Terraced House
£812K	03/21	0.11 mi	5, Macquarie Way, London, Greater London E14 3AU	£10,278	79	3	Semi-Detached House
£800K	08/22	0.12 mi	30, Chapel House Street, London, Greater London E14 3AS	-	-	3	Semi-Detached House
£600K	01/21	0.12 mi	24, Chapel House Street, London, Greater London E14 3AS	£8,939	67	3	Terraced House
£660K	06/21	0.14 mi	35, Thermopylae Gate, London, Greater London E14 3AX	£10,154	65	3	Terraced House
£940K	12/22	0.14 mi	28, Thermopylae Gate, London, Greater London E14 3AX	-	-	3	Semi-Detached House
£750K	03/21	0.19 mi	14, Hesperus Crescent, London, Greater London E14 3AD	£7,353	102	3	Terraced House
£840K	01/21	0.21 mi	11, Pointers Close, London, Greater London E14 3AP	£5,879	143	3	Terraced House
£735K	03/23	0.21 mi	29, Pointers Close, London, Greater London E14 3AP	£6,563	112	3	Terraced House
£668.5K	03/21	0.26 mi	18, Parsonage Street, London, Greater London E14 3DB	£7,865	85	3	Semi-Detached House
£650K	11/21	0.29 mi	22, Undine Road, London, Greater London E14 9UW	£8,442	77	3	Semi-Detached House
£800K	10/22	0.31 mi	116, Telegraph Place, London, Greater London E14 9XD	£9,671	83	3	Terraced House
£705K	02/21	0.31 mi	162, Telegraph Place, London, Greater London E14 9XD	£9,527	74	3	Terraced House
£650K	11/21	0.33 mi	22, Undine Road, London, Greater London E14 9UW	£8,442	77	3	Semi-Detached House
£710K	09/21	0.33 mi	21, Barnfield Place, London, Greater London E14 9YA	£6,396	111	3	Semi-Detached House
£780K	02/21	0.36 mi	6, Magellan Place, London, Greater London E14 3QW	£6,240	125	3	Terraced House
£780K	02/21	0.37 mi	6, Magellan Place, London, Greater London E14 3QW	£6,240	125	3	Terraced House
£791K	05/23	0.37 mi	158, Wheat Sheaf Close, London, Greater London E14 9UZ	-	-	3	Terraced House
£761K	09/22	0.39 mi	32, Barnsdale Avenue, London, Greater London E14 9WR	£6,592	115	3	Terraced House
£738K	04/22	0.4 mi	161, Telegraph Place, London, Greater London E14 9XB	£9,462	78	3	Semi-Detached House
£855K	06/21	0.41 mi	8, Isambard Mews, London, Greater London E14 3XB	-	-	3	Semi-Detached House
£840K	07/22	0.42 mi	49, Friars Mead, London, Greater London E14 3JY	-	-	3	Terraced House
£855K	06/21	0.43 mi	8, Isambard Mews, London, Greater London E14 3XB	-	-	3	Semi-Detached House
£930K	10/22	0.47 mi	8, Sextant Avenue, London, Greater London E14 3DX	-	-	3	Terraced House
£685K	10/20	0.48 mi	1, Chichester Way, London, Greater London E14 3EG	£7,965	86	3	Terraced House
£685K	10/20	0.48 mi	1, Chichester Way, London, Greater London E14 3EG	£7,965	86	3	Terraced House
£750K	04/21	0.5 mi	51, Basevi Way, London, Greater London SE8 3JU	£8,621	87	3	Terraced House
£640K	12/22	0.51 mi	31, Charnwood Gardens, London, Greater London E14 9WD	£6,214	103	3	Terraced House
£830K	09/22	0.52 mi	52, Basevi Way, London, Greater London SE8 3JS	£8,737	95	3	Terraced House
£702K	06/21	0.6 mi	1, Hickin Street, London, Greater London E14 3LW	£9,750	72	3	Terraced House
£853K	11/22	0.6 mi	6, Churchfields, London, Greater London SE10 9JZ	£14,090	61	3	Terraced House
£613K	07/22	0.63 mi	4, Carrick Mews, London, Greater London SE8 3HY	£7,046	87	3	Terraced House
£737.5K	07/22	0.63 mi	5, Greenwich Park Street, London, Greater London SE10 9AA	£8,780	84	3	Semi-Detached House
£800K	01/23	0.63 mi	10, Greenwich Park Street, London, Greater London SE10 9AA	£10,870	74	3	Terraced House
£740K	06/21	0.64 mi	66, Old Woolwich Road, London, Greater London SE10 9NY	£8,132	91	3	Terraced House
£795.9K	11/20	0.64 mi	54, Old Woolwich Road, London, Greater London SE10 9NY	£11,525	69	3	Terraced House
£945K	02/23	0.64 mi	52, Old Woolwich Road, London, Greater London SE10 9NY	£8,591	110	3	Terraced House
£695K	06/21	0.66 mi	19, Trenchard Street, London, Greater London SE10 9PA	£7,989	87	3	Semi-Detached House
£775K	12/22	0.67 mi	4, Trenchard Street, London, Greater London SE10 9PA	£11,097	70	3	Terraced House
£695K	06/21	0.67 mi	19, Trenchard Street, London, Greater London SE10 9PA	£7,989	87	3	Semi-Detached House
£955K	02/21	0.67 mi	86, Straightsmouth, London, Greater London SE10 9LD	£7,640	125	3	Terraced House
£685K	03/21	0.67 mi	1, Hoskins Street, London, Greater London SE10 9NZ	-	-	3	Terraced House
£685K	03/21	0.67 mi	1, Hoskins Street, London, Greater London SE10 9NZ	-	-	3	Terraced House
£1.1M	08/23	0.67 mi	12, Feathers Place, London, Greater London SE10 9NE	£8,307	126	3	Terraced House
£815K	07/22	0.67 mi	1, Roffey Street, London, Greater London E14 3NH	£7,477	109	3	Semi-Detached House

Local Rents

50 rents from £2.5K/mo to £5.2K/mo, average is £2.9K/mo.

Rent	Date	Distance	Address	Beds	Type
£2,860	03/24	0.09 mi	Manchester Road, Isle of dogs, London, E14	3	Flat
£5,200	01/25	0.1 mi	-	3	Terraced House
£3,467	03/24	0.11 mi	St. Davids Square, London, E14	3	Flat
£3,250	12/24	0.13 mi	St. Davids Square, Cubitt Town, E14	3	Flat
£2,999	03/24	0.14 mi	Thermopylae Gate E14, Canary Wharf, London, E14	3	Terraced House
£3,200	04/24	0.15 mi	Isle Of Dogs, London, E14	3	Flat
£2,999	03/24	0.15 mi	34 ,Thermopylae Gate, London, E14	3	Semi-Detached House
£3,250	04/24	0.15 mi	St David's Square, Isle of Dogs E14	3	Flat
£3,150	03/25	0.15 mi	-	3	Semi-Detached House
£3,146	03/24	0.15 mi	St. Davids Square, Canary Wharf	3	Flat
£3,146	04/24	0.15 mi	St. Davids Square, Canary Wharf	3	Flat
£3,497	04/24	0.15 mi	St. Davids Square, Canary Wharf	3	Flat
£2,850	12/24	0.16 mi	-	3	Flat
£2,817	04/24	0.16 mi	St. Davids Square, Cubitt Town, E14	3	Flat
£3,000	03/24	0.18 mi	Hesperus Crescent, Cubitt Town, E14	3	Terraced House
£2,750	12/24	0.19 mi	-	3	Terraced House
£2,750	02/25	0.19 mi	-	3	Terraced House
£2,700	04/25	0.19 mi	-	3	Terraced House
£2,800	02/25	0.19 mi	-	3	Terraced House
£2,600	04/24	0.19 mi	Hesperus Crescent, London, Greater London. E14	3	Flat
£2,548	04/24	0.19 mi	Hesperus Crescent, London, Greater London. E14	3	Flat
£2,548	05/24	0.19 mi	Hesperus Crescent, London, Greater London. E14	3	Flat
£4,995	12/24	0.21 mi	-	3	Terraced House
£4,250	01/25	0.21 mi	-	3	Terraced House
£3,080	02/24	0.22 mi	-	3	Flat
£3,600	12/24	0.22 mi	-	3	Flat
£2,925	05/24	0.24 mi	Ambassador Square, Isle of dogs, Canary Wharf,London, E14	3	Flat
£2,860	04/24	0.25 mi	Glengarnock Avenue,Isle of dogs, Docklands, London, E14	3	Flat
£3,120	05/24	0.26 mi	Ambassador Square,Canary Wharf, London, E14	3	Flat
£2,450	05/24	0.26 mi	-	3	Terraced House
£2,450	05/24	0.26 mi	London, London, E14	3	Terraced House
£2,450	12/24	0.26 mi	-	3	Flat
£3,033	03/24	0.26 mi	Ambassador Square, London, E14	3	Flat
£2,990	04/24	0.26 mi	Ambassador Square, Canary Wharf,London, E14	3	Flat
£2,500	04/25	0.27 mi	-	3	Terraced House
£3,000	12/24	0.27 mi	Cahir Street, London, E14	3	Flat
£2,500	04/25	0.28 mi	-	3	Terraced House
£2,500	04/25	0.28 mi	-	3	Terraced House
£2,500	04/25	0.28 mi	-	3	Terraced House
£2,750	12/24	0.28 mi	-	3	Flat
£2,750	12/24	0.28 mi	-	3	Flat
£2,750	12/24	0.28 mi	-	3	Flat
£2,500	04/25	0.28 mi	-	3	Terraced House
£2,600	02/24	0.28 mi	-	3	Terraced House
£3,120	03/24	0.29 mi	Ambassador Square, London, E14	3	Flat
£2,500	04/25	0.29 mi	-	3	Terraced House
£2,500	04/25	0.29 mi	-	3	Terraced House
£2,500	04/25	0.29 mi	-	3	Terraced House
£2,500	04/25	0.29 mi	-	3	Terraced House
£3,700	03/24	0.31 mi	Telegraph Place, Isle Of Dogs, London, E14	3	Flat

Local Area Statistics

Population in E14	79,76079,760
Population in London	4,771,9214,771,921
Town centre distance	4.82 miles away4.82 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	0.14 miles away0.14 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

Price changed to £650,000

February 28, 2025

Listed for £700,000

February 13, 2025

Floor Plans

Description

3 BEDROOMS +
LOUNGE +
KITCHEN +
G/F WET ROOM +
GAS CENTRAL HEATING +
DOUBLE GLAZING +
REQUIRES MODERNISATION +
OPPOSITE PARK +
GREAT POTENTIAL +
NO ONWARD CHAIN +

Canopied entrance porch with part glazed entrance door to entrance lobby with further door to:

LOUNGE 14' 3" x 11' 2" (4.34m x 3.4m) 2 single light double glazed windows to front elevation. Feature fire place. Radiator. Understairs cupboard. Door to:

KITCHEN 10' 39" x 7' 4" (4.04m x 2.24m) Single light double glazed window to rear elevation. A range of base and eye level cupboards incorporating a one and half bowl sink unit with mixer tap. Gas cooker point. Door to LOBBY with further door to:

SHOWER ROOM/WET ROOM Fully tiled. Mira shower unit. Low level WC. Wash hand basin. Radiator.

From the entrance lobby there is access via an enclosed staircase to:

LANDING Loft access point.

BEDROOM 1 15' 2" x 10' (4.62m x 3.05m) 2 single light double glazed windows to front elevation. Feature fire place. Over-stairs cupboard. Radiator.

BEDROOM 2 10' 3" x 8' 10" (3.12m x 2.69m) Single light double glazed window to rear. Feature fire place. Built in wall cupboard housing 'Vaillant' gas central heating boiler. Radiator.

BEDROOM 3 Single light double glazed window.

GARDEN 60' (18.29m Good size garden offering great potential for extending the house, subject to the usual consents. Concreted patio area. Tool shed.

Agent Details

Michael Steven, Plaistow

020 3840 3882

Next Steps?

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