2 Bed Flat, Refurb/BRRR, London, E4 6SQ £350,000

Celandine Court, Chingford, E4 6SQ - 1 views - 9 months ago

Refurb/BRRR

ROI: 3%

~56 m²

ValuationOvervalued

Sold Prices	£122.8K - £775K
Sold Prices/m²	£2.4K/m² - £7.1K/m²

Square Metres	~55.80 m²
Price/m²	£6.3K/m²
Value Estimate	£310,500£310,500

End Value (After Refurb)	£337,000£337,000

Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (25%)	£87,500£87,500
Stamp Duty & Legal Fees	£26,200£26,200
Refurb Costs	£32,400£32,400
Bridging Loan Interest	£9,188£9,188
Total Cash In	£157,038£157,038

Cash Out
Monetisation	FlipRefinance & RentRefinance & Rent
Revaluation	£337,000£337,000
Mortgage (After Refinance)	£252,750£252,750
Mortgage LTV	75%75%
Cash Left In	£157,038£157,038
Equity	£84,250£84,250
Rent Range	£1,400 - £2,550£1,400 - £2,550
Rent Estimate	£1,752
Running Costs/mo	£1,424£1,424
Cashflow/mo	£328£328
Cashflow/yr	£3,942£3,942
ROI	3%3%
Gross Yield	6%6%

Local Sold Prices

50 sold prices from £122.8K to £775K, average is £354.5K. £2.4K/m² to £7.1K/m², average is £5.4K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£320K	06/21	0.03 mi	Flat 29, Ingrebourne Court, Chingford Avenue, London, Greater London E4 6RL	-	-	2	Flat
£317.5K	06/21	0.03 mi	Flat 4, Ingrebourne Court, Chingford Avenue, Chingford, London, Greater London E4 6RL	-	-	2	Flat
£372.5K	06/21	0.04 mi	Ground Floor Flat, 41a, Chingford Avenue, Chingford, London, Greater London E4 6RJ	-	-	2	Flat
£407.5K	06/25	0.05 mi	41a, Chingford Avenue, Chingford E4 6RJ	£5,401	75	2	Flat
£407.5K	06/25	0.05 mi	41a, Chingford Avenue, Chingford E4 6RJ	-	-	2	Flat
£345K	04/23	0.05 mi	70, Chingford Avenue, Chingford, London, Greater London E4 6RP	£5,565	62	2	Flat
£337K	04/23	0.18 mi	Flat 2, Kingsmead Lodge, Heathcote Grove, London, Greater London E4 6RU	-	-	2	Flat
£377K	02/23	0.21 mi	8, Hale Close, London, Greater London E4 6SA	£5,310	71	2	Flat
£359K	02/25	0.21 mi	16 Kenilworth Court, 7, Heathcote Grove, London E4 6RX	-	-	2	Flat
£375K	03/25	0.23 mi	7, Hale Close, London E4 6SA	£5,357	70	2	Flat
£370K	03/25	0.24 mi	31, Heathfield, London E4 6SE	£5,362	69	2	Flat
£310K	01/23	0.38 mi	108b, New Road, London, Greater London E4 9SY	£6,327	49	2	Flat
£122.8K	12/24	0.39 mi	67a, The Ridgeway, London E4 6QW	£2,393	51	2	Flat
£170K	02/23	0.42 mi	32b, Brindwood Road, London, Greater London E4 8BD	-	-	2	Flat
£340K	05/25	0.48 mi	2, 39 Chelsea Court, The Ridgeway, London E4 6TN	£6,415	53	2	Flat
£340K	05/25	0.48 mi	2, 39 Chelsea Court, The Ridgeway, London E4 6TN	-	-	2	Flat
£268K	06/21	0.48 mi	52a, Old Church Road, London, Greater London E4 8DB	£3,436	78	2	Flat
£380K	07/23	0.5 mi	26, Shingly Place, London, Greater London E4 6AE	£5,352	71	2	Flat
£405K	02/23	0.5 mi	66, Shingly Place, London, Greater London E4 6AE	£5,192	78	2	Flat
£320K	03/25	0.58 mi	27a, Woodland Road, Chingford E4 7ET	£7,111	45	2	Flat
£395K	12/22	0.62 mi	Flat 10, Bowyer Court, The Ridgeway, Chingford, London, Greater London E4 6UH	-	-	2	Flat
£390K	07/25	0.63 mi	11, 3 Pineview Court, The Ridgeway, London E4 6TL	-	-	2	Flat
£447.5K	07/25	0.63 mi	18, 3 Pineview Court, The Ridgeway, London E4 6TL	-	-	2	Flat
£350K	07/23	0.66 mi	19, Arbor Road, London, Greater London E4 6LJ	£5,738	61	2	Flat
£280K	09/21	0.74 mi	26, Kingsley Gardens, London, Greater London E4 8JS	£5,385	52	2	Flat
£390K	03/25	0.74 mi	4, 15 Oakdale Court, Oakdale Gardens, London E4 9HJ	£5,270	74	2	Flat
£395K	03/25	0.74 mi	3, 15 Oakdale Court, Oakdale Gardens, London E4 9HJ	£5,000	79	2	Flat
£310K	12/22	0.76 mi	6, Chadwick Avenue, London, Greater London E4 6NE	-	-	2	Flat
£303.5K	06/21	0.78 mi	3, Hall Gardens, London, Greater London E4 8HR	£6,194	49	2	Flat
£330K	06/23	0.78 mi	1, Hall Gardens, London, Greater London E4 8HR	£4,818	69	2	Flat
£327K	12/24	0.81 mi	The Croft, 19, Friday Hill, London E4 6EZ	£4,798	68	2	Flat
£375K	10/21	0.82 mi	53, Queens Grove Road, London, Greater London E4 7BT	£6,818	55	2	Flat
£375K	08/25	0.84 mi	16, Top House Rise, London E4 7EE	-	-	2	Flat
£425K	12/24	0.85 mi	1a Willow Apartments, 4, Willow Street, London E4 7EG	£6,538	65	2	Flat
£385K	03/25	0.86 mi	25, Stanley Road, London E4 7DB	£4,326	89	2	Flat
£775K	06/21	0.87 mi	1a, Waterhall Avenue, London, Greater London E4 6NB	-	-	2	Flat
£440K	01/25	0.88 mi	66, Merriam Close, London E4 9JQ	£6,027	73	2	Flat
£450K	01/25	0.88 mi	68, Merriam Close, London E4 9JQ	£5,625	80	2	Flat
£437.5K	12/24	0.89 mi	104, Merriam Close, London E4 9GF	£6,076	72	2	Flat
£415K	12/22	0.9 mi	1, Richmond Avenue, Highams Park, London, Greater London E4 9RR	£5,929	70	2	Flat
£304K	02/23	0.9 mi	Flat 32, Stonehill Court, Markfield Gardens, London, Greater London E4 7NS	£5,333	57	2	Flat
£320K	09/21	0.91 mi	126, Hampton Road, London, Greater London E4 8NR	£5,246	61	2	Flat
£350K	02/25	0.92 mi	1, 87 Draymans Court, Chingford Mount Road, London E4 8LU	£5,645	62	2	Flat
£285K	03/23	0.94 mi	10, Redwood Gardens, Chingford, London, Greater London E4 7NZ	-	-	2	Flat
£328.1K	02/23	0.95 mi	Flat 4, Larkswood Court, The Avenue, London, Greater London E4 9SF	-	-	2	Flat
£365K	01/23	0.95 mi	Flat 11, Larkswood Court, The Avenue, London, Greater London E4 9SF	-	-	2	Flat
£345K	02/25	0.95 mi	10, Larkswood Court, The Avenue, Chingford E4 9SF	£4,726	73	2	Flat
£410K	03/25	0.95 mi	23, 153 Larkswood Court, The Avenue, London E4 9SF	-	-	2	Flat
£310K	05/25	0.96 mi	52, Rolls Park Avenue, London E4 9DQ	£5,849	53	2	Flat
£310K	05/25	0.96 mi	52, Rolls Park Avenue, London E4 9DQ	-	-	2	Flat

Local Rents

50 rents from £1.4K/mo to £2.5K/mo, average is £1.7K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,400	06/25	0.05 mi	Chingford Avenue, Phoenix Court Chingford Avenue, E4	2	Flat
£1,400	07/25	0.05 mi	Chingford Avenue, Phoenix Court Chingford Avenue, E4	2	Flat
£2,000	06/25	0.14 mi	Chingford Avenue, London, E4	2	Flat
£1,900	07/25	0.14 mi	Chingford Avenue, London, E4	2	Flat
£1,900	08/25	0.14 mi	-	2	Flat
£1,600	09/25	0.17 mi	-	2	Terraced House
£1,600	10/25	0.17 mi	-	2	Flat
£1,800	03/24	0.17 mi	Peel Close, Chingford E4	2	Flat
£1,650	09/25	0.18 mi	Peel Close, London, E4	2	Flat
£1,800	11/25	0.21 mi	Heathcote Grove, London	2	Flat
£1,750	02/25	0.29 mi	-	2	Flat
£1,750	09/25	0.31 mi	The Ridgeway, London, E4	2	Flat
£1,750	10/25	0.31 mi	The Ridgeway, London, E4	2	Flat
£1,850	10/25	0.31 mi	The Ridgeway, London, E4	2	Flat
£1,800	10/25	0.32 mi	The Ridgeway, North Chingford, E4	2	Flat
£1,650	10/25	0.32 mi	Lea Court, The Ridgeway, North Chingford	2	Flat
£1,550	06/25	0.32 mi	73 Warren Road, North Chingford	2	Flat
£1,550	11/25	0.32 mi	73 Warren Road, North Chingford	2	Flat
£1,550	11/25	0.32 mi	73 Warren Road, North Chingford	2	Flat
£1,450	12/24	0.35 mi	-	2	Flat
£1,450	06/25	0.35 mi	-	2	Flat
£1,500	07/25	0.39 mi	The Ridgeway, London, E4	2	Flat
£1,675	10/25	0.39 mi	Old Church Road, Chingford E4 6ST	2	Flat
£1,675	11/25	0.39 mi	Old Church Road, London, E4	2	Flat
£1,700	03/24	0.41 mi	Warren Road, North Chingford E4	2	Flat
£1,750	11/25	0.41 mi	-	2	Flat
£1,950	05/25	0.41 mi	Friars Close, Chingford E4	2	Terraced House
£1,625	07/25	0.41 mi	-	2	Flat
£1,625	05/25	0.41 mi	Old Church Road, London, E4	2	Flat
£1,675	10/25	0.41 mi	-	2	Flat
£1,675	10/25	0.41 mi	Old Church, Road, London, E4	2	Flat
£1,675	10/25	0.41 mi	Old Church Road, London, E4	2	Flat
£1,625	07/25	0.42 mi	Old Church Road, London, E4	2	Flat
£2,300	11/25	0.43 mi	-	2	Flat
£1,650	06/25	0.43 mi	-	2	Flat
£1,650	09/25	0.45 mi	Pirin Court, Brook Crescent, Chingford	2	Flat
£1,600	03/24	0.45 mi	Mapleton Road, London, E4	2	Flat
£2,550	06/25	0.47 mi	-	2	Semi-Detached House
£1,700	08/25	0.47 mi	Normanshire Drive, Chingford, London. E4 9HD	2	Flat
£1,700	10/25	0.47 mi	Normanshire Drive, Chingford, London. E4 9HD	2	Flat
£2,200	05/25	0.48 mi	-	2	Flat
£1,690	04/24	0.5 mi	Holmes Court, Larkshall Road, E4	2	Flat
£1,675	08/25	0.5 mi	Shingly Place, Chingford, E4	2	Flat
£1,650	10/25	0.52 mi	Old Church Road, London, E4	2	Flat
£1,999	06/25	0.52 mi	Larkshall Road, London, E4	2	Flat
£2,000	08/25	0.52 mi	The Ridgeway, London, E4	2	Flat
£1,950	07/25	0.52 mi	Shingly Place, E4	2	Flat
£1,950	09/25	0.52 mi	Shingly Place, E4	2	Flat
£1,950	06/25	0.53 mi	Cherrydown Avenue, London, UK, E4 8DP	2	Flat
£1,550	03/24	0.54 mi	Cherrydown Avenue, London, E4	2	Flat

Local Area Statistics

Population in E4	60,22560,225
Population in London	4,771,9214,771,921
Town centre distance	7.77 miles away7.77 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	1.07 miles away1.07 miles away

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

Property History

Listed for £350,000

February 17, 2025

Floor Plans

Description

Nestled in the charming area of Chingford Avenue, London, this delightful second-floor apartment offers a perfect blend of comfort and modern living. Spanning an impressive 600 square feet, the property boasts two generously sized double bedrooms, making it an ideal choice for couples, small families, or those seeking a spacious home office.

Upon entering, you are welcomed into a well-appointed lounge diner, which provides a warm and inviting space for relaxation and entertaining. The room is bathed in natural light, creating a bright and airy atmosphere that enhances the overall appeal of the flat. The excellent condition of the property ensures that it is ready for you to move in without the need for any immediate renovations.

The apartment also features a well-designed bathroom, catering to all your daily needs with ease. With a share of the freehold, you can enjoy the benefits of ownership while being part of a community that values the property.

In summary, this good-sized flat in excellent condition presents a wonderful opportunity for those looking to establish their home in a vibrant and accessible part of London. Don't miss the chance to make this charming apartment your own.

Agent Details

Churchill Estates, South Chingford & Highams Park

020 3835 2295

Next Steps?

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

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2 Bed Flat, Refurb/BRRR, London, E4 6SQ £350,000

ValuationOvervalued

Investment OpportunityOpen in Analyser

Local Sold PricesDownload Show map

Local RentsDownload Show map

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Local Area Statistics

Property History

Floor Plans

Description

Agent Details

Next Steps?

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Investment Opportunity

Local Sold Prices

Local Rents