2 Bed Flat, Single Let, Woodford Green, IG8 7DS, £260,000

St. Barnabas Road, Woodford Green, Essex, IG8 7DS - a month ago

Leasehold
Auction
BTL
ROI: 7%
~68 m²

ValuationUndervalued

Sold Prices£200K - £760K
Sold Prices/m²£4.3K/m² - £8.6K/m²

 

 

Square Metres

~68.11 m²
Price/m²£3.8K/m²

Value Estimate

£322,400
BMV24%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£65,000

Stamp Duty & Legal Fees

£14,700

Total Cash In

£79,700

 

 

Cash Out

 

Rent Range

£1,500 - £2,750

Rent Estimate

£1,600

Running Costs/mo

£1,153

Cashflow/mo

£448

Cashflow/yr

£5,370

ROI

7%

Gross Yield

7%

Local Sold Prices

50 sold prices from £200K to £760K, average is £355.3K. £4.3K/m² to £8.6K/m², average is £5.7K/m².

PriceDateDistanceAddressBeds 
£215K02/230.17 miFlat 90, Blenheim Court, Navestock Crescent, Woodford Green, Greater London IG8 7BB2
£200K12/220.18 miFlat 182, Lambourne Court, Navestock Crescent, Woodford Green, Greater London IG8 7BD2
£330K12/210.19 mi98, St Barnabas Road, Woodford Green, Greater London IG8 7DE2
£375K11/200.19 mi108, St Barnabas Road, Woodford Green, Greater London IG8 7DE2
£210K03/230.2 miFlat 266, Sunset Court, Navestock Crescent, Woodford Green, Greater London IG8 7BE2
£285.1K11/200.21 mi12, Lynwood Close, London, Greater London E18 1DP2
£410K02/210.22 miGround Floor Flat, 57, Gordon Road, South Woodford, London, Greater London E18 1DT2
£405K11/220.24 mi31, Fyfield Road, Woodford Green, Greater London IG8 7JU2
£390K12/220.26 mi30, St Anthonys Avenue, Woodford Green, Greater London IG8 7EW2
£341K11/210.26 mi32, St Anthonys Avenue, Woodford Green, Greater London IG8 7EW2
£370K11/210.26 mi64, St Anthonys Avenue, Woodford Green, Greater London IG8 7EW2
£350K10/200.26 mi54, St Anthonys Avenue, Woodford Green, Greater London IG8 7EW2
£345K10/220.26 mi38, St Anthonys Avenue, Woodford Green, Greater London IG8 7EW2
£289K06/210.28 mi9, Roycroft Close, London, Greater London E18 1DZ2
£350K03/210.28 mi25, St Anthonys Avenue, Woodford Green, Greater London IG8 7EP2
£305K06/210.28 mi53, St Anthonys Avenue, Woodford Green, Greater London IG8 7EP2
£340K11/220.3 mi241, Chigwell Road, Woodford Green, Greater London IG8 8PP2
£325K05/210.3 mi39, Avondale Court, London, Greater London E18 2RD2
£352K09/210.3 mi33, Avondale Court, London, Greater London E18 2RD2
£352.5K11/200.3 mi2, Avondale Court, London, Greater London E18 2RD2
£305K03/210.3 mi26, Avondale Court, London, Greater London E18 2RD2
£327.4K05/210.3 mi15, Avondale Court, London, Greater London E18 2RD2
£300K05/210.33 mi333, Chigwell Road, Woodford Green, Greater London IG8 8PL2
£370K10/200.34 mi90, Finchingfield Avenue, Woodford Green, Greater London IG8 7JR2
£430K11/220.35 mi37, Crescent Road, London, Greater London E18 1JA2
£375K08/210.35 mi5, Roxwell Way, Woodford Green, Greater London IG8 7JY2
£280K11/210.36 mi42, Chalford Walk, Woodford Green, Greater London IG8 8PH2
£408K12/220.37 mi35, Finchingfield Avenue, Woodford Green, Greater London IG8 7JZ2
£377.5K06/210.37 mi33, Finchingfield Avenue, Woodford Green, Greater London IG8 7JZ2
£380K04/210.41 miFlat 1, Mitre Court, Churchfields, London, Greater London E18 2TJ2
£325K05/210.43 mi30, Tamar Square, Woodford Green, Greater London IG8 0EA2
£330K12/200.43 mi27, Tamar Square, Woodford Green, Greater London IG8 0EA2
£535K03/210.48 mi20, Ashdon Close, Woodford Green, Greater London IG8 0EF2
£450K08/210.51 mi60a, Mulberry Way, London, Greater London E18 1ED2
£300K12/220.53 mi92a, Snakes Lane East, Woodford Green, Greater London IG8 7HX2
£375K08/210.54 mi13, Lechmere Avenue, Woodford Green, Greater London IG8 8QF2
£365K08/210.54 mi17, Lechmere Avenue, Woodford Green, Greater London IG8 8QF2
£390K05/230.54 mi92, Lechmere Avenue, Woodford Green, Greater London IG8 8QG2
£420K06/210.54 miFlat 5, Hanover House, Eastwood Road, London, Greater London E18 1BN2
£345K02/210.56 mi54, Lechmere Avenue, Woodford Green, Greater London IG8 8QQ2
£358K11/200.59 mi55, Glengall Road, Woodford Green, Greater London IG8 0DN2
£450K01/210.6 mi59a, Cowslip Road, London, Greater London E18 1JN2
£395K03/210.64 mi7a, Daisy Road, London, Greater London E18 1EA2
£760K05/210.64 mi27, Higham Road, Woodford Green, Greater London IG8 9JN2
£370K02/230.66 mi43, Snakes Lane West, Woodford Green, Greater London IG8 0DE2
£415K06/210.69 mi24, Alveston Square, London, Greater London E18 1AQ2
£455K03/210.69 mi20a, Victoria Road, London, Greater London E18 1LG2
£300K11/210.7 miFlat 29, Old Mill Court, Chigwell Road, London, Greater London E18 1NJ2
£335.5K07/230.72 miFlat 3, Deborah Court, Victoria Road, London, Greater London E18 1LF2
£495K01/210.72 miGround Floor Flat, 28, Chelmsford Road, South Woodford, London, Greater London E18 2PL2

Local Rents

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

RentDateDistanceAddressBeds 
£1,70005/240 miThe Firs, St. Barnabas Road, Woodford Green, Essex, IG82
£1,65012/240.17 mi-2
£1,85004/240.19 miLynwood Close, South Woodford2
£1,85005/240.19 miLynwood Close, South Woodford2
£1,80005/240.2 miGordon Road, London, E182
£1,80005/240.2 mi-2
£1,75001/250.2 mi-2
£2,35012/240.2 mi-2
£1,79012/240.2 mi-2
£1,75002/250.2 mi-2
£1,75003/240.21 miGordon Road, London2
£1,75004/240.28 miGordon Road, South Woodford, E182
£1,75012/240.28 mi-2
£1,60003/240.3 miChurchfields, London, E182
£1,70004/240.3 miAvondale Court, South Woodford, E182
£1,50005/240.3 miFirst Floor Flat, Avondale Court2
£1,60004/240.31 mi-2
£1,80012/240.31 mi-2
£1,60004/240.32 miGoldhaze Close, Woodford Green, IG82
£1,80005/240.33 mi-2
£1,70006/240.33 mi-2
£1,75003/240.33 miDiana Close, South Woodford2
£1,80004/240.33 miWoodford Green, IG82
£1,70004/240.33 miWoodford Green, IG82
£1,55004/240.33 miDiana Close, South Woodford2
£1,75004/240.34 miDiana Close, South Woodford, E182
£1,75011/230.35 mi-2
£1,75003/240.37 miDiana Close, South Woodford2
£1,60005/240.38 miThe Albany , Woodford Green, 2
£1,85003/240.4 miKingswood Heights, Queen Marys Gate, South Woodford, E182
£1,75003/250.43 mi-2
£1,99503/240.44 miQueen Mary Avenue, London, E182
£1,99503/240.44 miQueen Mary Avenue, London2
£2,00012/240.44 mi-2
£1,85005/240.46 miQueen Mary Avenue, London, E182
£1,85004/240.46 mi-2
£1,85003/240.46 miQueen Mary Avenue, London, E182
£1,85002/250.47 mi-2
£1,95003/250.47 mi-2
£1,80005/240.48 miQueen Mary Avenue, E182
£2,20003/240.49 miQueen Mary Avenue, London, E182
£2,15004/240.49 miQueen Mary Avenue, London, E182
£2,15005/240.49 miQueen Mary Avenue, London, E182
£2,75003/240.49 mi-2
£2,15005/240.49 mi-2
£1,95002/250.49 mi-2
£1,90005/240.5 mi-2
£1,90004/240.5 miQueen Mary Avenue, London, E182
£1,90004/240.5 miQueen Mary Gate, South Woodford E182
£1,90011/240.5 mi-2

Local Area Statistics

Population in IG8

35,894

Town centre distance

0.57 miles away

Nearest school

0.10 miles away

Nearest train station

0.50 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+27%

Sales demand

Balanced market

Capital growth (5yrs)

+12%

Property History

Listed for £260,000

March 7, 2025

Floor Plans

Description

  • Buyers Fees apply - see brochure for details +
  • <b>OPEN HOUSE SATURDAY 29TH MARCH 2025</b> - by appointment only +
  • 2 bedroom first floor flat +
  • No onwards chain +
  • For sale by Modern Auction – T&Cs apply +
  • Subject to an undisclosed Reserve Price +

This flat located on the first floor is ready to move straight into. The lounge area is a great size with large windows allowing natural light in to brighten up the room. It is an ideal purchase for a first time buyer or those looking for an investment especially as it is being offered with no onwards chain. The location is ideal for those commuting to Central London as Woodford Green Train Station is conveniently situated nearby. This property is for sale by the Modern Method of Auction. Should you view, offer or bid on the property, your information will be shared with the Auctioneer.  
Please refer to the footnote regarding the services and appliances.

Room sizes:

  • Entrance Hall
  • Lounge/Dining Room: 12'6 x 10'2 (3.81m x 3.10m)
  • Kitchen: 7'0 x 6'6 (2.14m x 1.98m)
  • Bedroom 1: 12'4 x 8'0 (3.76m x 2.44m)
  • Bedroom 2: 9'1 x 5'4 (2.77m x 1.63m)
  • Bathroom
  • Off Street Parking  
    AUCTIONEER'S COMMENTS This property is for sale by the Modern Method of Auction. Should you view, offer or bid on the property, your information will be shared with the Auctioneer, iamsold. This method of auction requires both parties to complete the transaction within 56 days of the draft contract for sale being received by the buyers solicitor. This additional time allows buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey). The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee, this being 4.2% of the purchase price including VAT, subject to a minimum of £6,000.00 including VAT. The Reservation Fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability. Buyers will be required to go through an identification verification process with iamsold and provide proof of how the purchase would be funded. This property has a Buyer Information Pack which is a collection of documents in relation to the property. The documents may not tell you everything you need to know about the property, so you are required to complete your own due diligence before bidding. A sample copy of the Reservation Agreement and terms and conditions are also contained within this pack. The buyer will also make payment of £349 including VAT towards the preparation cost of the pack, where it has been provided by iamsold. The property is subject to an undisclosed Reserve Price with both the Reserve Price and Starting Bid being subject to change. The seller can instruct iamsold to agree a sale without a bidding process taking place or prior to a closing date. No further bids can be accepted after a buyer has paid a Reservation Fee REFERRAL ARRANGEMENTS Douglas Allen and Auctioneer may recommend the services of third parties to you. Whilst these services are recommended as it is believed they will be of benefit; you are under no obligation to use any of these services and you should always consider your options before services are accepted. Where services are accepted the Auctioneer or Douglas Allen may receive payment for the recommendation and you will be informed of any referral arrangement and payment prior to any services being taken by you. TO VIEW OR MAKE A BID - Contact Douglas Allen _
     
    The information provided about this property does not constitute or form part of an offer or contract, nor may it be regarded as representations. All interested parties must verify accuracy and your solicitor must verify tenure/lease information, fixtures & fittings and, where the property has been extended/converted, planning/building regulation consents. All dimensions are approximate and quoted for guidance only as are floor plans which are not to scale and their accuracy cannot be confirmed. Reference to appliances and/or services does not imply that they are necessarily in working order or fit for the purpose.
     
    We are pleased to offer our customers a range of additional services to help them with moving home. None of these services are obligatory and you are free to use service providers of your choice. Current regulations require all estate agents to inform their customers of the fees they earn for recommending third party services. If you choose to use a service provider recommended by Douglas Allen, details of all referral fees can be found at the link below. If you decide to use any of our services, please be assured that this will not increase the fees you pay to our service providers, which remain as quoted directly to you.
    _

Agent Details

Douglas Allen, Woodford Green

020 3870 5619

Next Steps?

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