3 Bed Flat, Refurb/BRRR, London, E7 9EW, £500,000

Ramsay Road, London, E7 9EW - a month ago

Leasehold
Refurb/BRRR
~93 m²
+13 photos

ValuationFair Value

Sold Prices£255K - £730K
Sold Prices/m²£3.1K/m² - £10.1K/m²

 

 

Square Metres

~93 m²
Price/m²£5.4K/m²

Value Estimate

£505,000

 

 

End Value (After Refurb)

£628,198

Uplift in Value

+26%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£125,000

Stamp Duty & Legal Fees

£38,700

Refurb Costs

£49,200

Bridging Loan Interest

£13,125

Total Cash In

£227,775

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£628,198

Agent Fees (1%)

£6,282

Bridging Loan

£375,000

Bridging Loan Interest

£13,125

Flip Profit

£19,141

Local Sold Prices

28 sold prices from £255K to £730K, average is £459.5K. £3.1K/m² to £10.1K/m², average is £5.2K/m².

PriceDateDistanceAddressBeds 
£410K05/210.27 mi14, Buckingham Road, London, Greater London E15 1SW3
£410K03/230.47 mi181, Sansom Road, London, Greater London E11 3HG3
£333K01/210.52 mi35, Maryland Street, London, Greater London E15 1JD3
£255K03/230.56 mi18, Mcgrath Road, London, Greater London E15 4JP3
£410K10/210.61 mi22, Manbey Park Road, London, Greater London E15 1EY3
£464K12/220.62 mi35a, Carnarvon Road, Stratford, London, Greater London E15 4JW3
£320K05/210.62 mi10, John Barnes Walk, London, Greater London E15 4SZ3
£470K11/200.62 mi17b, Clova Road, London, Greater London E7 9AQ3
£342K07/210.67 mi40, Windmill Lane, London, Greater London E15 1PH3
£312.5K04/210.67 mi64, Windmill Lane, Stratford, London, Greater London E15 1PH3
£540K11/210.7 mi55, Francis Road, London, Greater London E10 6PN3
£495K04/210.72 mi7a, Warren Road, Leyton, London, Greater London E10 5PZ3
£330K04/230.75 mi8, Dyson Road, London, Greater London E15 4JX3
£418K12/220.77 mi5, Faraday Road, London, Greater London E15 4JT3
£478.5K10/200.8 mi199, Richmond Road, London, Greater London E11 4DA3
£730K02/230.8 mi193, Richmond Road, Leytonstone, London, Greater London E11 4DA3
£455K06/210.83 mi104, Twickenham Road, London, Greater London E11 4BW3
£507.5K04/230.85 mi594, High Road Leytonstone, London, Greater London E11 3DA3
£620K08/220.88 mi46a, Capel Road, London, Greater London E7 0JP3
£586K01/210.88 mi46a, Capel Road, London, Greater London E7 0JP3
£485K09/210.91 mi17, Huxley Road, London, Greater London E10 5QT3
£475K01/230.92 mi112, Newport Road, London, Greater London E10 6PG3
£415.3K08/220.92 mi32a, Chaucer Road, London, Greater London E7 9NB3
£475K12/200.92 mi25a, Fillebrook Road, London, Greater London E11 4AU3
£330K11/200.93 miFlat 15, St. Augustines Court, Mornington Road, Leytonstone, London, Greater London E11 3BQ3
£550K02/230.95 mi136, Newport Road, London, Greater London E10 6PF3
£530K04/210.97 mi198, Albert Road, Leyton, London, Greater London E10 6PD3
£310K11/210.99 miFlat 3, Drayton House, Drayton Road, London, Greater London E11 4AS3

Local Rents

50 rents from £1.8K/mo to £4.5K/mo, average is £2.4K/mo.

RentDateDistanceAddressBeds 
£2,40004/240.1 mi-3
£2,30004/250.11 mi-3
£2,00003/240.12 miCann Hall Road - E113
£2,10004/240.13 miRanelagh Road, London, E113
£2,60003/240.15 miRanelagh Road, London3
£2,80003/240.15 mi-3
£2,30005/240.15 mi-3
£2,10003/240.15 miChichester Road, Leytonstone3
£2,30003/240.16 miCheneys Road, London, E113
£2,30003/240.17 miCheneys Road, Leytonstone3
£2,40003/240.18 miTrevelyan Road, Stratford E153
£2,40004/240.19 miTrevelyan Road, London, E153
£2,55005/240.2 mi-3
£2,55005/240.2 miChichester Road, London, E113
£2,50012/240.21 mi-3
£1,75012/240.21 mi-3
£4,50004/240.23 mi-3
£4,20001/250.23 mi-3
£2,25002/250.26 mi-3
£2,30003/240.27 miHatfield Road, London, E153
£2,30003/240.27 mi-3
£2,30004/250.27 mi-3
£2,00010/230.28 miMatcham Road, Leytonstone, E113
£3,05012/240.29 mi-3
£2,40004/250.29 mi-3
£2,40004/250.29 mi-3
£2,40003/240.3 miTrumpington Road, London, E73
£2,40005/240.32 miRamsay Road, Forest Gate, E73
£2,39504/240.33 miCann Hall Road, London, E113
£2,20003/240.33 miPevensey Road3
£2,50003/240.34 miSt. James Road, London, E153
£2,49501/250.34 mi-3
£2,40003/250.34 mi-3
£2,20004/240.35 miHall Road, Stratford, E153
£2,80003/240.36 mi-3
£2,50005/240.36 mi-3
£2,00004/240.36 miTower Hamlets Road, E73
£2,30011/190.37 miWellington Road, Forest Gate, E73
£2,00004/240.41 miHigh Stone Apartments, E113
£2,50004/250.41 mi-3
£2,25005/240.43 mi-3
£2,35003/240.43 miEric Close, E7, London3
£2,50003/250.45 mi-3
£2,50001/250.45 mi-3
£2,20004/250.45 mi-3
£2,40004/250.45 mi-3
£2,45004/240.46 mi-3
£2,40004/240.46 miThorogood Gardens, London, E153
£4,20001/250.46 mi-3
£2,00003/240.47 miLynn Mews, London3

Local Area Statistics

Population in E7

54,565

Population in London

4,771,921

Town centre distance

5.29 miles away

Nearest school

0.10 miles away

Nearest train station

0.60 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+6%

Sales demand

Seller's market

Capital growth (5yrs)

+19%

Property History

Listed for £500,000

March 19, 2025

Floor Plans

Description

Situated in the sought-after Lanes area of Forest Gate is this Victorian terraced family home offering a great amount of potential. Whilst in need renovation throughout, it presents the perfect opportunity for buyers to create a home tailored to their taste. It also serves as an excellent investment for those looking to refurbish and either sell or rent.

Upon entry, the hallway leads to a bright and airy through lounge, enhanced by square bay windows that flood the space with natural light. The spacious kitchen provides ample dining space and access to the ground floor bathroom. Additionally, the lean-to opens to both the side return and a generous 20ft rear garden.

Upstairs, the landing leads to three double bedrooms, each benefiting from an abundance of natural light and ample space for wardrobes.

Ramsay Road is located walking distance to numerous amenities, including Forest Gate's Elizabeth Line (offering access to Liverpool Street in just 14 minutes) and Wanstead Park train stations. The area boasts excellent transport links and a vibrant array of cafes, bars, restaurants, and community hubs. Highlights include the Wild Goose Bakery for fresh bread and pastries, E7 Movement for yoga and fitness classes, and the Can Club kids' playzone and café. Additionally, Pretty Decent Beer Co., Fiore's delicious pasta and pizza and The Holly Tree, named one of the 50 best pubs in London by Time Out, are all just a short walk away. The large green expanse of Wanstead Flats is also nearby, providing a perfect retreat for outdoor activities.

Viewings will be taking place on Saturday 29th March 2025, please call to arrange an appointment.

-Sole Agents-

Ground Floor

Hallway

Through Lounge (Front) (3.96m x 3.35m (13'0 x 11'0)

Through Lounge (Rear) (3.38m x 2.90m (11'1 x 9'6)

Kitchen (6.10m at longest x 2.87m (20'0 at longest x 9'5)

Bathroom (1.88m x 1.47m (6'2 x 4'10)

Lean To

First Floor

Landing

Bedroom (2.79m x 4.34m (9'2 x 14'3)

Bedroom (3.38m x 2.90m (11'1 x 9'6)

Bedroom (3.99m x 2.62m (13'1 x 8'7)

Exterior

Rear Garden (6.10m (20'0))

Property Disclaimer

The property misdescription act 1991
Whilst Wilkinson Estate Agents endeavour to ensure the accuracy of property details produced and displayed, we have not tested any apparatus, equipment, fixtures and fittings or services so we cannot verify that they are connected, in working order or fit for the purpose. Photographs are for illustration only and may depict items not included in the sale of the property. Floor plans and measurements should not be relied upon for the purchase of carpets and any other fittings. Neither have we had a sight of the legal documents to verify the Freehold or Leasehold status of any property. A buyer is advised to obtain verification from their Solicitor and/or Surveyor. A Buyer must check the availability of any property and make an appointment to view before embarking on any journey to see a property.

Agent Details

Wilkinson Estate Agents, London

020 3870 3632

Next Steps?

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