3 Bed Semi-Detached House, Refurb/BRRR, London, E12 6HH, £450,000

Sheringham Avenue, Manor Park, E12 6HH - 3 views - 2 months ago

Leasehold
BTL
Refurb/BRRR
ROI: 3%
~93 m²
+7 photos

ValuationOvervalued

Sold Prices£195K - £543K
Sold Prices/m²£1.9K/m² - £6.4K/m²

 

 

Square Metres

~93 m²
Price/m²£4.8K/m²

Value Estimate

£430,361

 

 

End Value (After Refurb)

£427,498

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£112,500

Stamp Duty & Legal Fees

£24,700

Refurb Costs

£49,200

Bridging Loan Interest

£11,813

Total Cash In

£199,963

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£427,498

Mortgage (After Refinance)

£320,623

Mortgage LTV

75%

Cash Left In

£199,963

Equity

£106,874

Rent Range

£1,850 - £3,500

Rent Estimate

£2,407

Running Costs/mo

£1,837

Cashflow/mo

£570

Cashflow/yr

£6,836

ROI

3%

Gross Yield

6%

Local Sold Prices

50 sold prices from £195K to £543K, average is £425K. £1.9K/m² to £6.4K/m², average is £4.5K/m².

PriceDateDistanceAddressBeds 
£407K01/210.06 mi16, St Winefrides Avenue, London, Greater London E12 6HQ3
£285K06/210.07 mi104, Landseer Avenue, London, Greater London E12 6HR3
£475K10/220.09 mi35, Elsenham Road, London, Greater London E12 6JZ3
£412K06/210.1 mi56, Rectory Road, London, Greater London E12 6JA3
£395K06/210.1 mi56, Rectory Road, London, Greater London E12 6JA3
£420K06/210.11 mi15, Elsenham Road, London, Greater London E12 6JZ3
£445K11/200.13 mi367, Dersingham Avenue, London, Greater London E12 6JX3
£410K06/210.14 mi51, Chesterford Road, London, Greater London E12 6LD3
£408K02/210.17 mi9, Dore Avenue, London, Greater London E12 6JT3
£450K02/210.19 mi120, Sixth Avenue, London, Greater London E12 5PU3
£360K02/210.21 mi173, Walton Road, London, Greater London E12 5RN3
£415K04/210.21 mi6, Trevelyan Avenue, London, Greater London E12 5PL3
£387K10/210.22 mi26, Barrington Road, London, Greater London E12 6JH3
£460K12/200.23 mi225, Shakespeare Crescent, London, Greater London E12 6NA3
£370K06/230.24 mi185, Grantham Road, London, Greater London E12 5NB3
£540K06/210.25 mi245, Sheringham Avenue, London, Greater London E12 6HJ3
£195K02/210.25 mi140, Shakespeare Crescent, London, Greater London E12 6NB3
£450K03/210.25 mi138, Shakespeare Crescent, London, Greater London E12 6NB3
£410K05/210.26 mi136, Dersingham Avenue, London, Greater London E12 5QG3
£490K03/230.27 mi109, Little Ilford Lane, London, Greater London E12 5PN3
£483K11/220.29 mi126, Fourth Avenue, London, Greater London E12 6DR3
£450K07/210.29 mi146, Fourth Avenue, London, Greater London E12 6DR3
£457K01/210.29 mi93, Seventh Avenue, London, Greater London E12 5JJ3
£440K10/200.33 mi158, Rosebery Avenue, London, Greater London E12 6PS3
£202K01/210.37 mi68, Sheringham Avenue, London, Greater London E12 5PA3
£410K04/210.37 mi28, Little Ilford Lane, London, Greater London E12 5PW3
£435K03/230.37 mi115, Grantham Road, Manor Park, London, Greater London E12 5LZ3
£480K03/210.38 mi142, Browning Road, London, Greater London E12 6RD3
£450K03/230.38 mi35, Third Avenue, Manor Park, London, Greater London E12 6DX3
£485K06/210.4 mi140, First Avenue, Manor Park, London, Greater London E12 6AJ3
£485K06/210.4 mi140, First Avenue, Manor Park, London, Greater London E12 6AJ3
£405K06/230.4 mi15, Thornton Road, Ilford, Greater London IG1 2ER3
£430K02/210.41 mi25, Fifth Avenue, London, Greater London E12 6DA3
£375K06/210.42 mi22, Azalea Close, Ilford, Greater London IG1 2BF3
£515K04/210.42 mi33, Second Avenue, London, Greater London E12 6EJ3
£425K11/220.43 mi122, Meanley Road, London, Greater London E12 6AT3
£425K02/210.44 mi30, Second Avenue, London, Greater London E12 6EH3
£543K01/210.44 mi61, Essex Road, London, Greater London E12 6RF3
£455K12/200.45 mi11, First Avenue, London, Greater London E12 6AW3
£455K06/210.45 mi41, First Avenue, Manor Park, London, Greater London E12 6AW3
£420K11/200.45 mi11, Eltisley Road, Ilford, Greater London IG1 2EP3
£200K03/210.46 mi47, Shakespeare Crescent, London, Greater London E12 6LL3
£475K06/210.46 mi25, Shakespeare Crescent, London, Greater London E12 6LL3
£540K06/210.46 mi73, Shakespeare Crescent, London, Greater London E12 6LL3
£245.6K06/210.46 mi60, Sandyhill Road, Ilford, Greater London IG1 2ET3
£425K06/230.46 mi43, Sandyhill Road, Ilford, Greater London IG1 2ET3
£472.5K01/210.46 mi60, Shakespeare Crescent, London, Greater London E12 6LN3
£415K06/230.46 mi60, Leigh Road, London, Greater London E6 2AS3
£420K11/200.46 mi11, Eltisley Road, Ilford, Greater London IG1 2EP3
£405K03/230.46 mi57, Sandyhill Road, Ilford, Greater London IG1 2ET3

Local Rents

40 rents from £1.9K/mo to £3.5K/mo, average is £2.4K/mo.

RentDateDistanceAddressBeds 
£2,40012/240.14 mi-3
£3,50004/240.14 miDersingham Avenue, London, E123
£2,50003/250.2 mi-3
£2,35012/240.25 mi-3
£2,60002/250.34 mi-3
£2,65003/250.34 mi-3
£2,25005/240.35 miStevenage House, East Ham, London, E63
£2,35005/240.35 miStevenage House, East Ham, London, E63
£2,65004/240.37 mi-3
£2,75003/240.37 miGrantham Road, E123
£2,35012/240.39 mi-3
£2,20012/240.39 mi-3
£2,35004/240.4 mi-3
£2,35004/240.41 miThornton Road, IG13
£3,00002/250.41 mi-3
£2,50005/240.42 mi-3
£2,35004/240.42 miFourth Avenue, London, E123
£2,30004/240.44 miA Second Avenue, London3
£2,30004/240.44 miSecond Avenue, London3
£2,50004/240.44 miSecond Avenue, London, E123
£2,40004/240.44 miRixsen Road, Manor Park, London3
£2,40004/240.44 miRixsen Road, Manor Park, London3
£2,01503/250.45 mi-3
£2,20004/240.48 miBluebell Way, Ilford, Essex, IG13
£2,70004/250.5 mi-3
£2,50003/240.51 miWarwick Road, Manor Park, London, E123
£2,40004/250.51 mi-3
£2,40003/250.52 mi-3
£2,30004/240.52 miBluebell Way, Ilford3
£1,95004/240.53 mi-3
£2,50005/240.53 mi-3
£2,40003/250.53 mi-3
£2,00004/240.54 mi-3
£3,00003/250.58 mi-3
£1,85003/240.58 miBritannia Road, Ilford, IG13
£2,25012/240.61 mi-3
£2,35012/240.62 mi-3
£2,35004/240.62 miRiverdene Road, Ilford, IG13
£2,10002/250.62 mi-3
£2,60003/250.62 mi-3

Local Area Statistics

Population in E12

41,869

Population in London

4,771,921

Town centre distance

7.33 miles away

Nearest school

0.10 miles away

Nearest train station

0.73 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+6%

Sales demand

Balanced market

Capital growth (5yrs)

+25%

Property History

Listed for £450,000

February 19, 2025

Description

  • Three bedroom semi-detached home +
  • Modernisation required +
  • Chain free +
  • Private garden with side access +

Nestled in the vibrant heart of Manor Park, this charming three-bedroom terraced home is a delightful find! With no onward chain, it`s the perfect opportunity for those seeking a lovely residence in a thriving community. Whether you`re a family seeking a spacious residence or an investor looking for a promising purchase, this property has tremendous potential.

Sheringham Avenue boasts an ideal location, conveniently close to major road links and a host of local amenities all just a stone`s throw away!

Upon entering, you`ll find a cozy living room with an open planned dining area. A well-equipped kitchen. The kitchen shines with a generous window overlooking the private rear garden, filling the space with natural light and warmth. The layout offers fantastic flexibility, making it perfect for both relaxation and entertaining.

Venture outside to the rear garden, accessible from both the kitchen and a side-access, providing a seamless connection to outdoor living.

Upstairs, you`ll discover two generous double bedrooms and a single bedroom, each filled with potential and comfort. The family bathroom features a classic three-piece suite, making this home not only spacious but also thoughtfully designed for modern living.

This property is a true gem perfect for families or anyone looking to embrace the charm of Manor Park. Don`t miss out on the chance to make it your own!

Notice
Lettings
Stonebridge also offer a professional Lettings and Management Service. If you are considering renting your property, to purchase or are looking at buy to let investments or would like a free review of your current portfolio then please call the lettings manager.

Agents Notes
All dimensions are approximate and are quoted for guidance only, their accuracy cannot be confirmed. Reference to appliances and/or services does not imply they are necessarily in working order or fit for the purpose. Buyers are advised to obtain verification from their solicitors as to the Freehold/Leasehold status of the property, the position regarding any fixtures and fittings and where the property has been extended/converted as to Planning Approval and Building regulations compliance. These do not constitute or form part of an offer or contract nor may be regarded as representations. All interested parties must themselves verify their accuracy.

Agent Details

Stonebridge Estates, London

020 3834 8500

Next Steps?

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