2 Bed Flat, Single Let, London, E11 3JA, £400,000

1 Steele Road, Leytonstone, London, E11 - 2 months ago

Leasehold
BTL
~52 m²
+16 photos

ValuationFair Value

Sold Prices£200K - £600K
Sold Prices/m²£2.6K/m² - £9.6K/m²

 

 

Square Metres

~51.93 m²
Price/m²£7.7K/m²

Value Estimate

£403,714

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£100,000

Stamp Duty & Legal Fees

£31,200

Total Cash In

£131,200

 

 

Cash Out

 

Rent Range

£1,475 - £2,800

Rent Estimate

£1,543

Running Costs/mo

£1,579

Cashflow/mo

£-36

Cashflow/yr

£-427

Gross Yield

5%

Local Sold Prices

50 sold prices from £200K to £600K, average is £425K. £2.6K/m² to £9.6K/m², average is £7.8K/m².

PriceDateDistanceAddressBeds 
£435K07/210.15 miFlat A, 100, Selby Road, London, Greater London E11 3LR2
£324K01/230.27 mi23, Janson Close, London, Greater London E15 1TF2
£472.5K05/230.29 mi112a, Millais Road, London, Greater London E11 4HA2
£447.5K04/230.35 miFlat A, 122, Leslie Road, London, Greater London E11 4HG2
£285K05/230.37 mi2d, Chobham Road, London, Greater London E15 1LU2
£332.5K05/210.37 mi39, Hatfield Road, London, Greater London E15 1RA2
£420K11/200.38 mi21a, Frith Road, London, Greater London E11 4EX2
£435K01/210.43 mi128, Chobham Road, London, Greater London E15 1LZ2
£375K03/230.45 mi19, Gawsworth Close, London, Greater London E15 1RT2
£410K01/230.46 mi61b, Albert Square, London, Greater London E15 1HJ2
£200K03/230.46 mi25, Carroll Close, London, Greater London E15 1RS2
£265K02/230.46 mi28, Carroll Close, London, Greater London E15 1RS2
£330K01/230.48 mi96, Maryland Street, London, Greater London E15 1JD2
£338K08/210.49 mi14, Norman Road, London, Greater London E11 4PX2
£374K03/210.51 mi104b, Grove Green Road, London, Greater London E11 4EL2
£320K12/220.54 mi3, Globe Road, London, Greater London E15 1RF2
£405K11/200.54 mi81a, Granleigh Road, London, Greater London E11 4RG2
£215K10/210.55 mi239a, Ramsay Road, London, Greater London E7 9EX2
£472K08/210.56 mi35, Francis Road, London, Greater London E10 6PN2
£483.5K07/230.56 mi105a, Warren Road, Leyton, London, Greater London E10 5PZ2
£600K12/200.58 mi122, Ashville Road, London, Greater London E11 4DU2
£461K05/210.6 mi101, Ashville Road, London, Greater London E11 4DS2
£375K08/210.63 mi3, Oakdale Road, London, Greater London E11 4DJ2
£496.6K01/230.65 mi117, Pearcroft Road, London, Greater London E11 4DP2
£335K08/210.65 mi1, Waddington Street, London, Greater London E15 1QJ2
£362K11/210.66 mi108, Dames Road, London, Greater London E7 0EB2
£417K03/230.66 mi186, Dames Road, London, Greater London E7 0EB2
£482K05/230.66 mi48a, Francis Road, London, Greater London E10 6PP2
£425K12/200.67 mi185, Richmond Road, Leytonstone, London, Greater London E11 4DA2
£512.5K05/230.67 mi195, Richmond Road, Leytonstone, London, Greater London E11 4DA2
£365K02/230.67 mi47a, Earlham Grove, London, Greater London E7 9AN2
£375K12/220.67 mi9c, Macdonald Road, London, Greater London E7 0HE2
£380K06/210.68 mi55b, Carnarvon Road, London, Greater London E15 4JW2
£425K06/210.69 mi210, Richmond Road, Leytonstone, London, Greater London E11 4BS2
£510.5K06/230.69 mi122, Richmond Road, Leytonstone, London, Greater London E11 4BS2
£457K11/200.69 mi202, Richmond Road, Leytonstone, London, Greater London E11 4BS2
£509.2K01/230.7 mi138, Richmond Road, Leytonstone, London, Greater London E11 4BS2
£520K02/230.7 mi118, Richmond Road, Leytonstone, London, Greater London E11 4BS2
£465K04/210.71 mi84, Twickenham Road, Leyton, London, Greater London E11 4BW2
£490K04/210.71 mi88, Twickenham Road, London, Greater London E11 4BW2
£390K03/210.72 mi105, Twickenham Road, London, Greater London E11 4BN2
£495K07/230.72 mi9, Twickenham Road, London, Greater London E11 4BN2
£500K06/230.72 mi107, Twickenham Road, London, Greater London E11 4BN2
£432.5K01/230.72 miFlat A, 47, Richmond Road, Leytonstone, London, Greater London E11 4BX2
£360K12/200.73 mi75, Sidney Road, London, Greater London E7 0ED2
£440K01/210.73 mi99, Huxley Road, London, Greater London E10 5QX2
£405.6K02/210.75 mi15, Huxley Road, London, Greater London E10 5QT2
£500K02/230.76 miLower Maisonette, 56, Newport Road, London, Greater London E10 6PJ2
£433K06/210.76 mi122, Huxley Road, London, Greater London E10 5QY2
£465.5K02/210.77 mi75, Newport Road, London, Greater London E10 6PH2

Local Rents

50 rents from £1.5K/mo to £2.8K/mo, average is £1.8K/mo.

RentDateDistanceAddressBeds 
£1,70004/240.06 miMaidenway Court, 220a High Road Leytonstone, Leytonstone, E112
£2,00005/240.06 mi-2
£2,00004/250.06 mi-2
£2,20005/240.06 mi-2
£1,80003/240.07 miWorsley Road, Leytonstone E112
£1,80003/240.07 mi-2
£1,60003/240.08 mi-2
£1,85012/240.08 mi-2
£1,85012/240.08 mi-2
£1,80003/250.08 mi-2
£1,80005/240.09 miHigh Road Leytonstone,London,E112
£1,75003/250.09 mi-2
£1,80003/240.09 miHigh Road Leytonstone, Leytonstone E112
£2,00003/240.11 mi-2
£1,85003/240.15 miBorthwick Road, Stratford, London, E152
£1,80004/240.16 miBorthwick Road, Stratford, E152
£1,80003/240.17 miBlenheim Road, London, E152
£2,20003/240.17 mi-2
£1,60001/250.18 mi-2
£1,47504/250.19 mi-2
£1,80004/240.19 miSouth Birkbeck Road, Leytonstone, E112
£2,20002/250.2 mi-2
£2,00001/250.23 mi-2
£1,95004/240.24 miNapier Road,London,E112
£1,70003/240.26 mi-2
£1,90002/250.26 mi-2
£2,00001/250.27 mi-2
£2,80002/250.28 mi-2
£1,90005/240.28 miFlat 6 1a Wingfield Road2
£1,59503/240.31 miTrevelyan road, London, E152
£2,30012/240.31 mi-2
£1,80004/240.33 miLeytonstone Road, Stratford, E152
£1,70005/240.35 miLeslie Road, Leyton2
£1,75005/240.35 miWoodhouse Road, Leytonstone, London, E112
£1,69004/250.36 mi-2
£1,69004/250.37 mi-2
£1,80003/240.37 miRamsay Road, Forest Gate, E72
£1,85004/240.37 miHatfield Road, London, E152
£1,75005/240.38 miFrith Road, Leytonstone, London, E112
£2,10003/240.38 miFrith Road, Leytonstone2
£2,00004/240.38 miFrith Road, Leytonstone, E112
£1,60004/240.4 miOdessa Road, London, E72
£2,00012/240.4 mi-2
£1,70003/240.41 miMillais Road, LEYTON, E112
£1,80005/240.41 miMillais Road, London, E112
£2,30005/240.41 mi-2
£1,70003/240.42 miShire House, 135 Harrow Road, Leytonstone, London, E11 3PX2
£1,65003/240.43 miHigh Road, Leytonstone2
£1,65003/240.43 miHigh Road, Leytonstone2
£1,49502/240.44 mi-2

Local Area Statistics

Population in E11

55,128

Population in London

4,771,921

Town centre distance

5.14 miles away

Nearest school

0.10 miles away

Nearest train station

0.51 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+2%

Sales demand

Seller's market

Capital growth (5yrs)

+27%

Property History

Price changed to £400,000

April 5, 2025

Listed for £425,000

February 25, 2025

Floor Plans

Description

  • Guide Price: £400,000-£425,000 +
  • First floor Victorian conversion flat +
  • 2 Bedrooms +
  • Double glazed & Gas central heating +
  • Leyton Tube station & Maryland Station: 0.7 mile +
  • Proximity to Westfield Shopping Centre & Olympic Village +
  • Close to Langthorne Park +
  • EPC rating: D (60) & Council tax band: B +
  • On street permit parking +
  • Internal: 559 sq ft (52 sq m) +

Guide Price: £400,000-£425,000. This 2 bedroom Victorian conversion boasts well-proportioned spaces and a thoughtful, intuitive layout. Step into the welcoming and spacious living room, filled with natural light, thanks to the expansive west-facing bay window that floods the space with sunshine throughout the day. The room is further enhanced by a beautiful original fireplace that adds to the elegance of the space and the continuous flow of engineered hardwood flooring that continues through the hallways and bedrooms. The modern kitchen provides a stylish culinary space, featuring a unique Moroccan-style tile backsplash and ceramic wood-effect floor tiles. The contemporary bathroom, with floor-to-ceiling grey metro tiles, is complemented by patterned floor tiles that add a touch of character. Both bedrooms, and indeed the entire flat, are painted in Farrow & Ball hues. The primary double bedroom is a tranquil retreat, bathed in natural light from its large window, while the second bedroom features a calming green shade. There is also on-street permit parking available.
Beyond the flat itself, the location offers a vibrant and convenient lifestyle. Just a two-minute stroll away, you'll find Dina, a charming wine bar and community farm shop on Cann Hall Road that provides fresh local produce, while the well-stocked Londis caters to everyday needs. Explore the diverse neighbourhoods nearby, including the trendy Francis Road in Leyton and the bustling High Road in Leytonstone.

For a wider range of shopping and entertainment, Stratford Westfield is a short bus ride away, and the eclectic Hackney Wick is accessible via a lovely half-hour walk or a quick cycle through the scenic Olympic Park. Closer to home, Langthorne Park offers a green escape for strolls, dog walking & outdoor activities. For commuters, Maryland and Leyton Tube stations are 0.7 miles away, making the location exceptionally well-connected.

Shall we take a look?

Communal Entrance - Via communal front door leading into:

Communal Hallway - Door to flat.

Entrance - Via flat entrance door leading into:

Entrance Hallway - Staircase leading to first floor.

First Floor Landing - Door to reception room, kitchen, bedroom one & bathroom.

Reception Room - 4.88m x 4.01m (16'0 x 13'2) -

Kitchen - 3.02m x 2.79m (9'11 x 9'2) - Door to bedroom two.

Bedroom One - 3.38m x 3.33m (11'1 x 10'11) -

Bedroom Two - 2.79m x 2.03m (9'2 x 6'8) - Door to kitchen.

Bathroom - 1.93m x 1.88m (6'4 x 6'2) -

On Street Permit Parking -

Additional Information: - Lease Term: 189 years from 25 December 1989
Lease Remaining: 153 years remaining
Ground Rent: £250 per annum
Service Charge: £662.52 per annum
Local Authority: London Borough Of Waltham Forest
Council Tax Band: B

Notice: - All photographs, floorplan and video tours are provided for guidance only.

Disclaimer: - The information provided about this property does not constitute or form part of any offer or contract, nor may it be relied upon as representations or statements of fact. All measurements are approximate and should be used as a guide only. Any systems, services or appliances listed herein have not been tested by us and therefore we cannot verify or guarantee they are in working order. Details of planning and building regulations for any works carried out on the property should be specifically verified by the purchasers’ conveyancer or solicitor, as should tenure/lease information (where appropriate).

Agent Details

Estates East, Leyton and Leytonstone

020 3906 2159

Next Steps?

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