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

Celandine Court, Chingford, E4 6SQ - 2 views - a month ago

Refurb/BRRR

ROI: 2%

~68 m²

+10 photos

ValuationFair Value

Sold Prices	£137.5K - £775K
Sold Prices/m²	£2.8K/m² - £6.8K/m²

Square Metres	~68.11 m²
Price/m²	£5.1K/m²
Value Estimate	£357,000£357,000

End Value (After Refurb)	£369,351£369,351
Uplift in Value	+6%+6%

Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (25%)	£87,500£87,500
Stamp Duty & Legal Fees	£16,700£16,700
Refurb Costs	£36,033£36,033
Bridging Loan Interest	£9,188£9,188
Total Cash In	£151,170£151,170

Cash Out
Monetisation	FlipRefinance & RentRefinance & Rent
Revaluation	£369,351£369,351
Mortgage (After Refinance)	£277,013£277,013
Mortgage LTV	75%75%
Cash Released	£14,513£14,513
Cash Left In	£136,657£136,657
Equity	£92,338£92,338
Rent Range	£1,450 - £2,550£1,450 - £2,550
Rent Estimate	£1,772
Running Costs/mo	£1,529£1,529
Cashflow/mo	£243£243
Cashflow/yr	£2,921£2,921
ROI	2%2%
Gross Yield	6%6%

Local Sold Prices

45 sold prices from £137.5K to £775K, average is £317.5K. £2.8K/m² to £6.8K/m², average is £5.3K/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
£280K	01/21	0.05 mi	Flat 12, Phoenix Court, Chingford Avenue, Chingford, London, Greater London E4 6RH	-	-	2	Flat
£285K	05/21	0.05 mi	Flat 2, Phoenix Court, Chingford Avenue, Chingford, London, Greater London E4 6RH	-	-	2	Flat
£345K	04/23	0.05 mi	70, Chingford Avenue, Chingford, London, Greater London E4 6RP	£5,565	62	2	Flat
£305K	03/21	0.15 mi	17, Peel Close, London, Greater London E4 6XU	£5,169	59	2	Flat
£337K	04/23	0.18 mi	Flat 2, Kingsmead Lodge, Heathcote Grove, London, Greater London E4 6RU	-	-	2	Flat
£295K	02/21	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
£350K	10/20	0.21 mi	Flat 1, Kenilworth Court, Heathcote Grove, London, Greater London E4 6RX	-	-	2	Flat
£317K	04/21	0.32 mi	26, Suffield Road, London, Greater London E4 9TA	£5,870	54	2	Flat
£310K	01/23	0.38 mi	108b, New Road, London, Greater London E4 9SY	£6,327	49	2	Flat
£170K	02/23	0.42 mi	32b, Brindwood Road, London, Greater London E4 8BD	-	-	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
£235K	10/20	0.54 mi	25, Cherrydown Avenue, London, Greater London E4 8DP	£3,615	65	2	Flat
£360K	12/20	0.58 mi	42, Woodland Road, Chingford, London, Greater London E4 7EU	£5,538	65	2	Flat
£275K	12/20	0.58 mi	11, Woodland Road, London, Greater London E4 7ET	-	-	2	Flat
£395K	12/22	0.62 mi	Flat 10, Bowyer Court, The Ridgeway, Chingford, London, Greater London E4 6UH	-	-	2	Flat
£350K	07/23	0.66 mi	19, Arbor Road, London, Greater London E4 6LJ	£5,738	61	2	Flat
£265K	02/21	0.69 mi	63, Hatch Lane, London, Greater London E4 6LP	£4,015	66	2	Flat
£260K	04/21	0.74 mi	30, Kingsley Gardens, London, Greater London E4 8JS	£4,906	53	2	Flat
£280K	09/21	0.74 mi	26, Kingsley Gardens, London, Greater London E4 8JS	£5,385	52	2	Flat
£310K	12/22	0.76 mi	6, Chadwick Avenue, London, Greater London E4 6NE	-	-	2	Flat
£312K	10/20	0.77 mi	8, Chadwick Avenue, London, Greater London E4 6NE	£4,588	68	2	Flat
£303.5K	06/21	0.78 mi	3, Hall Gardens, London, Greater London E4 8HR	£6,194	49	2	Flat
£310K	12/20	0.78 mi	9, Hall Gardens, London, Greater London E4 8HR	£5,536	56	2	Flat
£330K	06/23	0.78 mi	1, Hall Gardens, London, Greater London E4 8HR	£4,818	69	2	Flat
£375K	10/21	0.82 mi	53, Queens Grove Road, London, Greater London E4 7BT	£6,818	55	2	Flat
£345K	12/20	0.83 mi	19, Top House Rise, London, Greater London E4 7EE	£4,742	73	2	Flat
£775K	06/21	0.87 mi	1a, Waterhall Avenue, London, Greater London E4 6NB	-	-	2	Flat
£320K	04/21	0.88 mi	9, Markfield Gardens, London, Greater London E4 7NN	-	-	2	Flat
£425K	10/20	0.88 mi	19b, Buxton Road, London, Greater London E4 7DP	-	-	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
£300K	01/21	0.91 mi	55, Sinclair Road, London, Greater London E4 8PH	£5,263	57	2	Flat
£285K	03/23	0.94 mi	10, Redwood Gardens, Chingford, London, Greater London E4 7NZ	-	-	2	Flat
£137.5K	12/20	0.94 mi	14, Redwood Gardens, Chingford, London, Greater London E4 7NZ	£2,750	50	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
£325K	07/23	0.97 mi	59, Frances Road, London, Greater London E4 9DL	£6,192	52	2	Flat
£308K	08/21	0.99 mi	52b, Sinclair Road, London, Greater London E4 8PW	£6,417	48	2	Flat

Local Rents

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

Rent	Date	Distance	Address	Beds	Type
£1,800	03/24	0.17 mi	Peel Close, Chingford E4	2	Flat
£1,750	02/25	0.29 mi	-	2	Flat
£1,450	12/24	0.35 mi	-	2	Flat
£1,700	03/24	0.41 mi	Warren Road, North Chingford E4	2	Flat
£1,650	03/25	0.43 mi	-	2	Flat
£1,600	03/24	0.45 mi	Mapleton Road, London, E4	2	Flat
£2,550	01/25	0.47 mi	-	2	Semi-Detached House
£1,690	04/24	0.5 mi	Holmes Court, Larkshall Road, E4	2	Flat
£1,550	03/24	0.54 mi	Cherrydown Avenue, London, E4	2	Flat
£1,700	05/24	0.55 mi	The Ridgeway, North Chingford E4	2	Flat
£1,750	12/24	0.57 mi	-	2	Flat
£1,800	04/24	0.59 mi	Nation Way, North Chingford, E4	2	Flat
£1,898	03/24	0.59 mi	246 Chingford Mount Road, London, E4 8JL	2	Detached House
£1,800	01/25	0.59 mi	-	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)	+13%+13%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+26%+26%

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

020 3835 2295

Next Steps?

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

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