3 Bed Terraced House, Refurb/BRRR, London, E4 7BN, £560,000

Richmond Road, North Chingford, E4 7BN - 2 views - a month ago

Refurb/BRRR
ROI: 1%
~93 m²
+15 photos

ValuationOvervalued

Sold Prices£435K - £1.3M
Sold Prices/m²£3.4K/m² - £14.5K/m²

 

 

Square Metres

~93 m²
Price/m²£6K/m²

Value Estimate

£525,000

 

 

End Value (After Refurb)

£560,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£140,000

Stamp Duty & Legal Fees

£33,500

Refurb Costs

£49,200

Bridging Loan Interest

£14,700

Total Cash In

£239,150

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£560,000

Mortgage (After Refinance)

£420,000

Mortgage LTV

75%

Cash Left In

£239,150

Equity

£140,000

Rent Range

£1,800 - £2,900

Rent Estimate

£2,434

Running Costs/mo

£2,257

Cashflow/mo

£177

Cashflow/yr

£2,126

ROI

1%

Gross Yield

5%

Local Sold Prices

51 sold prices from £435K to £1.3M, average is £605K. £3.4K/m² to £14.5K/m², average is £5.7K/m².

PriceDateDistanceAddressBeds 
£550K05/210.05 mi26, Richmond Road, Chingford, London, Greater London E4 7BN3
£646.5K12/200.13 mi95, Beresford Road, London, Greater London E4 6EF3
£690K04/230.16 mi27, Buxton Road, Chingford, London, Greater London E4 7DP3
£550K01/210.16 mi23, Kings Road, Chingford, London, Greater London E4 7HP3
£570K02/210.16 mi43, Kings Road, Chingford, London, Greater London E4 7HP3
£650K01/230.16 mi34, Whitehall Gardens, London, Greater London E4 6EH3
£510K10/200.16 mi3, Springfield Road, London, Greater London E4 7DJ3
£560K12/200.2 mi68, Whitehall Gardens, London, Greater London E4 6EH3
£560K12/200.2 mi68, Whitehall Gardens, London, Greater London E4 6EH3
£550K04/210.2 mi21, Whitehall Gardens, London, Greater London E4 6EH3
£450K09/210.2 mi16, Whitehall Gardens, London, Greater London E4 6EH3
£670K06/230.2 mi15, Whitehall Gardens, London, Greater London E4 6EH3
£630K02/210.21 mi20, Scholars Road, London, Greater London E4 7HH3
£570K01/230.22 mi22, Scholars Road, London, Greater London E4 7HH3
£615K03/210.23 mi50, Scholars Road, London, Greater London E4 7HH3
£580K12/200.24 mi13, Balgonie Road, London, Greater London E4 7HL3
£530K10/200.31 mi4, Arabia Close, London, Greater London E4 7DU3
£685K09/210.32 mi16, Beresford Road, London, Greater London E4 6ED3
£930K06/230.32 mi6, Beresford Road, London, Greater London E4 6ED3
£590K06/230.32 mi15, Kimberley Way, London, Greater London E4 6DE3
£610K08/210.33 mi24, Pretoria Crescent, London, Greater London E4 7HE3
£467.5K07/230.33 mi48, Coney Burrows, London, Greater London E4 6EB3
£710K11/200.35 mi90, Kimberley Road, Chingford, London, Greater London E4 6DQ3
£686.5K03/210.37 mi42, Elmfield Road, London, Greater London E4 7HU3
£784K12/200.38 mi33, Woodberry Way, London, Greater London E4 7DY3
£440K06/230.4 mi4, St Egberts Way, London, Greater London E4 6QH3
£1.3M02/210.4 mi36, Forest View, Chingford, London, Greater London E4 7AU3
£565K04/210.4 mi36, Fairlight Avenue, London, Greater London E4 6PA3
£610K03/210.41 mi16, Fairlight Close, London, Greater London E4 6PB3
£665K02/230.41 mi8, Fairlight Close, London, Greater London E4 6PB3
£802.5K03/230.43 mi42, Pole Hill Road, London, Greater London E4 7LZ3
£650K10/210.44 mi16, Faversham Avenue, London, Greater London E4 6DT3
£440K06/210.44 mi165, Kings Head Hill, London, Greater London E4 7JG3
£625K09/210.46 mi5, Valance Avenue, London, Greater London E4 6DR3
£495K12/200.47 mi34, Endlebury Road, London, Greater London E4 6QG3
£645K02/210.49 mi51, Endlebury Road, London, Greater London E4 6QB3
£630K12/200.5 mi11, British Legion Road, London, Greater London E4 6DP3
£435K01/210.51 mi11, Buckrell Road, London, Greater London E4 6JN3
£615K11/210.52 mi3, Dale View Avenue, London, Greater London E4 6PJ3
£605K11/200.52 mi6, Beech Tree Glade, London, Greater London E4 6BG3
£630K11/200.52 mi99, Forest Side, London, Greater London E4 6BA3
£606K06/210.55 mi43, Dale View Avenue, London, Greater London E4 6PJ3
£445K04/210.55 mi59, Normanton Park, London, Greater London E4 6HE3
£510K05/210.55 mi136, Bluehouse Road, London, Greater London E4 6HP3
£435K06/210.55 mi119, Bluehouse Road, London, Greater London E4 6HP3
£465K06/230.57 mi130, Manor Farm Drive, Chingford, London, Greater London E4 6HH3
£800K12/220.57 mi11, Rosslyn Avenue, London, Greater London E4 6DX3
£450K03/210.57 mi15, Little Friday Road, London, Greater London E4 6HD3
£650K06/210.58 mi131, Larkshall Road, London, Greater London E4 6PE3
£450K11/200.59 mi68, Withy Mead, London, Greater London E4 6JW3
£589.5K11/200.6 mi3, Courtland Avenue, London, Greater London E4 6DU3

Local Rents

16 rents from £1.8K/mo to £2.9K/mo, average is £2.5K/mo.

RentDateDistanceAddressBeds 
£2,50004/240.1 miChingford, E4, London, P44513
£2,75005/240.15 miStation Road, Chingford3
£2,40002/240.15 mi-3
£2,65012/240.18 mi-3
£2,25005/240.24 miWhitehall Gardens, Chingford3
£2,30011/240.31 mi-3
£2,30011/240.31 mi-3
£2,50012/240.37 mi-3
£2,10012/230.39 mi-3
£1,80004/240.53 miLea Court, The Ridgeway, London, E43
£2,90003/240.6 mi-3
£2,55004/240.6 mi-3
£2,50003/240.6 mi-3
£2,50004/240.6 mi-3
£2,55003/240.6 miWittenham Way, Chingford, E43
£2,39512/240.6 mi-3

Local Area Statistics

Population in E4

60,225

Population in London

4,771,921

Town centre distance

8.53 miles away

Nearest school

0.10 miles away

Nearest train station

0.26 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+13%

Sales demand

Seller's market

Capital growth (5yrs)

+26%

Property History

Listed for £560,000

February 17, 2025

Floor Plans

Description

  • Three Bedroom House +
  • Spacious Living Room +
  • Fitted Kitchen +
  • First Floor Bathroom +
  • Ground Floor WC +
  • Double Glazing +
  • Private Rear Garden +
  • Garage +
  • Off Street Parking +
  • Chain Free +

Situated on a quiet and sought after no through road in the heart of North Chingford is the three bedroom mid terraced house in need of modernisation. Added benefits include a spacious living room, fitted kitchen, first floor family bathroom, ground floor WC, double glazing, electric heating, an easy to maintain private rear garden, integrated garage and off street parking.

Richmond Road is located just off Station Road with plenty of independent retailers, bars, coffees shops and restaurants offering a vast array of cuisines for dining out. You will also find supermarkets such as Amazon Fresh, Co-op, and Tesco Express. Public transport includes local bus routes and Chingford Overground Station (which is just around the corner) with direct access into Liverpool Street. You can also inter-change on to the Underground at Walthamstow Central (Victoria Line - Zone 3).

A happy middle ground between city and country life, you'll find vast green scenic spaces of Epping Forest to explore for when you fancy a tranquil walk.

In our opinion this property would make an excellent family home with local schools primary schools Chingford C of E and St Mary's Catholic being just around the corner. Viewing is highly recommended.

Agent Details

Coultons, London

020 3907 9959

Next Steps?

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