2 Bed Terraced House, Cash/Bridging Only, London, E15 1HH, £500,000

Albert Square, London, E15 1HH - 1 views - 18 days ago

Sold STC

Cash

~68 m²

+10 photos

ValuationOvervalued

Sold Prices	£280K - £655K
Sold Prices/m²	£3.4K/m² - £8.8K/m²

Square Metres	~68.11 m²
Price/m²	£7.3K/m²
Value Estimate	£489,264£489,264

End Value (After Refurb)	£463,000£463,000

Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (25%)	£125,000£125,000
Stamp Duty & Legal Fees	£38,700£38,700
Refurb Costs	£36,033£36,033
Bridging Loan Interest	£13,125£13,125
Total Cash In	£214,608£214,608

Cash Out
Monetisation	FlipRefinance & RentRefinance & Rent
Revaluation	£463,000£463,000
Mortgage (After Refinance)	£347,250£347,250
Mortgage LTV	75%75%
Cash Left In	£214,608£214,608
Equity	£115,750£115,750
Rent Range	£1,495 - £3,000£1,495 - £3,000
Rent Estimate	£1,914
Running Costs/mo	£1,850£1,850
Cashflow/mo	£64£64
Cashflow/yr	£772£772
ROI	0%0%
Gross Yield	5%5%

Local Sold Prices

51 sold prices from £280K to £655K, average is £460K. £3.4K/m² to £8.8K/m², average is £7.2K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£572.5K	02/23	0.1 mi	44, Buxton Road, London, Greater London E15 1QU	£5,301	108	2	Terraced House
£490K	01/21	0.17 mi	76, Louise Road, London, Greater London E15 4NW	£7,313	67	2	Terraced House
£450K	05/23	0.17 mi	68, Louise Road, London, Greater London E15 4NW	£6,350	71	2	Terraced House
£525K	11/22	0.17 mi	50, Louise Road, London, Greater London E15 4NW	-	-	2	Terraced House
£489.8K	04/21	0.2 mi	9, Torrens Square, London, Greater London E15 4NB	£5,901	83	2	Terraced House
£442K	06/23	0.23 mi	69, Carnarvon Road, Stratford, London, Greater London E15 4JW	£7,754	57	2	Terraced House
£470K	11/22	0.23 mi	14, Heyworth Road, London, Greater London E15 1SS	-	-	2	Terraced House
£430K	06/21	0.23 mi	111, Maryland Street, London, Greater London E15 1JD	£6,270	69	2	Terraced House
£450K	11/20	0.24 mi	28, Henniker Road, London, Greater London E15 1JZ	£6,338	71	2	Terraced House
£655K	11/21	0.24 mi	46, Manbey Grove, London, Greater London E15 1EX	-	-	2	Terraced House
£525K	09/21	0.25 mi	19, Maryland Road, London, Greater London E15 1JJ	£8,468	62	2	Terraced House
£510K	11/22	0.25 mi	21, Maryland Road, London, Greater London E15 1JJ	£8,361	61	2	Terraced House
£525K	10/20	0.26 mi	36, Trevelyan Road, London, Greater London E15 1SU	£8,333	63	2	Terraced House
£390K	01/21	0.26 mi	43, Trevelyan Road, London, Greater London E15 1SU	£8,125	48	2	Terraced House
£540K	02/23	0.28 mi	25, Hughan Road, London, Greater London E15 1LS	£7,200	75	2	Terraced House
£410K	04/21	0.3 mi	12, Tom Hood Close, London, Greater London E15 1JE	£6,863	60	2	Terraced House
£420K	09/21	0.3 mi	11, Tom Hood Close, London, Greater London E15 1JE	£7,028	60	2	Terraced House
£500K	12/22	0.37 mi	33, Dunmow Road, London, Greater London E15 1TZ	-	-	2	Terraced House
£499K	02/21	0.38 mi	124, Chandos Road, London, Greater London E15 1TT	£6,423	78	2	Terraced House
£440K	06/21	0.38 mi	97, Tower Hamlets Road, London, Greater London E7 9DD	£7,503	59	2	Terraced House
£440K	06/21	0.38 mi	97, Tower Hamlets Road, London, Greater London E7 9DD	£7,503	59	2	Terraced House
£421K	12/21	0.39 mi	18, Tavistock Road, London, Greater London E15 4ER	£5,824	72	2	Terraced House
£485K	02/21	0.39 mi	67, Wellington Road, Forest Gate, London, Greater London E7 9BY	£4,181	116	2	Semi-Detached House
£410K	11/20	0.4 mi	147, Wellington Road, Forest Gate, London, Greater London E7 9BT	£6,949	59	2	Terraced House
£387K	05/21	0.4 mi	107, Wellington Road, Forest Gate, London, Greater London E7 9BT	£6,242	62	2	Terraced House
£310K	08/21	0.41 mi	11, Waddington Street, London, Greater London E15 1QJ	£4,559	68	2	Terraced House
£280K	09/21	0.42 mi	128, Wellington Road, Forest Gate, London, Greater London E7 9BP	£3,373	83	2	Terraced House
£427K	12/20	0.44 mi	42, Tavistock Road, London, Greater London E15 4EP	£7,907	54	2	Terraced House
£475K	06/21	0.44 mi	57, Tavistock Road, London, Greater London E15 4EP	£8,482	56	2	Terraced House
£450K	01/23	0.44 mi	74, Tavistock Road, London, Greater London E15 4EP	£7,627	59	2	Terraced House
£492.5K	01/23	0.44 mi	57, Tavistock Road, London, Greater London E15 4EP	£8,795	56	2	Terraced House
£515K	05/21	0.47 mi	7, Dean Street, London, Greater London E7 9BJ	£8,047	64	2	Terraced House
£530K	12/20	0.48 mi	69, Trumpington Road, London, Greater London E7 9EH	£6,608	80	2	Terraced House
£630K	03/23	0.48 mi	19, Amethyst Road, London, Greater London E15 2BE	£7,548	83	2	Terraced House
£391K	03/21	0.48 mi	27, White Road, London, Greater London E15 4HA	£7,667	51	2	Terraced House
£430K	03/21	0.48 mi	9, White Road, London, Greater London E15 4HA	£6,935	62	2	Terraced House
£476K	05/23	0.48 mi	17, White Road, London, Greater London E15 4HA	-	-	2	Terraced House
£490K	12/20	0.48 mi	8, Maiden Road, London, Greater London E15 4EZ	£7,206	68	2	Terraced House
£450K	08/21	0.49 mi	14, Dean Street, London, Greater London E7 9BJ	£4,737	95	2	Terraced House
£420K	11/20	0.49 mi	60, Glenavon Road, London, Greater London E15 4DD	£5,185	81	2	Terraced House
£437K	01/21	0.49 mi	82, Glenavon Road, London, Greater London E15 4DD	-	-	2	Terraced House
£478K	02/21	0.49 mi	90, Glenavon Road, London, Greater London E15 4DD	£6,639	72	2	Terraced House
£496.5K	11/20	0.49 mi	85, Vernon Road, Stratford, London, Greater London E15 4DQ	£8,560	58	2	Terraced House
£495K	11/20	0.49 mi	73, Vernon Road, Stratford, London, Greater London E15 4DQ	£8,019	62	2	Terraced House
£430K	06/21	0.49 mi	31, Vernon Road, Stratford, London, Greater London E15 4DQ	£7,167	60	2	Terraced House
£460K	10/21	0.49 mi	67, Vernon Road, London, Greater London E15 4DQ	£7,077	65	2	Terraced House
£425K	03/23	0.49 mi	69, Vernon Road, Stratford, London, Greater London E15 4DQ	£7,328	58	2	Terraced House
£478K	06/23	0.49 mi	57, Vernon Road, Stratford, London, Greater London E15 4DQ	£8,691	55	2	Terraced House
£450K	07/23	0.5 mi	64, Tennyson Road, Stratford, London, Greater London E15 4DH	-	-	2	Terraced House
£450K	01/21	0.5 mi	64, Vernon Road, London, Greater London E15 4DG	£6,032	75	2	Terraced House
£500K	02/21	0.5 mi	145, Stewart Road, London, Greater London E15 2BD	-	-	2	Terraced House

Local Rents

51 rents from £1.5K/mo to £3K/mo, average is £1.9K/mo.

Rent	Date	Distance	Address	Beds	Type
£2,000	03/24	0.04 mi	-	2	Flat
£1,750	01/25	0.07 mi	-	2	Flat
£2,000	03/25	0.07 mi	-	2	Flat
£1,750	04/24	0.08 mi	Parkland Court, Maryland Park, Stratford, E15	2	Flat
£1,800	03/24	0.1 mi	Saffron Court, Newham, London, E15	2	Flat
£1,800	04/24	0.1 mi	Saffron Court, Newham, London, E15	2	Flat
£1,800	04/24	0.1 mi	Saffron Court, Newham, London, E15	2	Flat
£1,800	04/24	0.1 mi	Saffron Court, Newham, London, E15	2	Flat
£1,750	05/24	0.1 mi	-	2	Flat
£1,750	12/24	0.1 mi	-	2	Flat
£1,850	02/25	0.1 mi	-	2	Flat
£1,850	12/24	0.1 mi	-	2	Flat
£2,000	12/24	0.1 mi	-	2	Flat
£1,995	12/24	0.1 mi	-	2	Flat
£1,690	04/25	0.11 mi	-	2	Flat
£1,600	03/24	0.11 mi	Luxembourg Mews, Stratford	2	Flat
£1,690	04/25	0.12 mi	-	2	Flat
£1,850	04/24	0.13 mi	Hatfield Road, London, E15	2	Terraced House
£1,900	03/24	0.14 mi	Keogh Road, London	2	Flat
£1,750	04/24	0.14 mi	Ibex House, Stratford, E15	2	Flat
£1,700	04/24	0.14 mi	Forest Lane, London, E15	2	Flat
£2,100	03/24	0.15 mi	Martha Road, Stratford, London, E15	2	Terraced House
£1,495	02/24	0.16 mi	-	2	House
£1,850	03/24	0.18 mi	Leytonstone Road, London E15	2	Flat
£1,900	03/24	0.18 mi	Leytonstone Road, London, E15	2	Flat
£2,000	04/24	0.19 mi	Barberry Court, Manbey Park, Stratford, E15	2	Flat
£2,058	04/24	0.19 mi	-	2	Flat
£1,850	03/24	0.19 mi	Leytonstone Road, Stratford, London, E15	2	Flat
£3,000	04/25	0.21 mi	-	2	Flat
£2,000	03/24	0.21 mi	-	2	Flat
£1,800	04/24	0.22 mi	Leytonstone Road, Stratford, E15	2	Flat
£2,000	01/25	0.22 mi	-	2	Terraced House
£2,800	02/25	0.22 mi	-	2	Detached House
£1,800	04/24	0.22 mi	Carnarvon Road, Stratford, London, E15	2	Flat
£2,400	12/24	0.23 mi	-	2	Terraced House
£1,900	04/24	0.23 mi	-	2	Flat
£1,900	03/24	0.24 mi	Maldon Close, London, E15 1PR	2	Flat
£1,700	03/24	0.24 mi	Maldon Close, London, E15 1PR	2	Flat
£1,600	04/24	0.24 mi	10 Maldon close, Lodnon, E15 1PR	2	Flat
£1,700	04/24	0.25 mi	-	2	Flat
£1,800	04/24	0.25 mi	John Barnes Walk, Stratford, E15	2	Flat
£1,800	05/24	0.25 mi	John Barnes Walk, Stratford, E15	2	Flat
£1,800	05/24	0.25 mi	-	2	Flat
£2,000	03/24	0.26 mi	Well Street, Stratford, London, E15	2	Flat
£1,900	05/24	0.26 mi	Flat 6 1a Wingfield Road	2	Flat
£1,595	03/24	0.26 mi	Trevelyan road, London, E15	2	Flat
£1,750	12/24	0.31 mi	-	2	Flat
£2,000	03/24	0.31 mi	-	2	Flat
£2,300	02/25	0.32 mi	-	2	Flat
£2,000	04/24	0.32 mi	Granite Apartments, Stratford, E15	2	Flat
£2,000	04/24	0.32 mi	Granite Apartments, Stratford, E15	2	Flat

Local Area Statistics

Population in E15	52,19952,199
Population in London	4,771,9214,771,921
Town centre distance	5.13 miles away5.13 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	0.21 miles away0.21 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+16%+16%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+22%+22%

Property History

Listed for £500,000

March 21, 2025

Floor Plans

Description

This spacious Victorian mid terrace house is situated perfectly on Albert Square a quiet residential road, perfectly located, moments from Maryland, Stratford and Forest Gate stations.

This great property is bursting with potential and perfect for buyers looking to make a property their own. On the ground floor you will find two spacious reception rooms, a dining area and an additional space for a kitchen and ground floor bathroom. On the first floor you will find a large master bedroom, a second double bedroom and a kitchen area which can be converted into bedroom 3 and a first floor bathroom. An expansive rear garden completes the wonderful property which we feel will be more suited to cash buyers.
Albert Square is situated off Forest Lane and is within walking distance to Maryland Overground station. Perfectly located this property is within easy access to Stratford Station, Westfield shopping centre with its array of shops, bars and eateries, the Olympic Park, local schools and varies amenities.
Only upon internal inspection can you truly appreciate what this lovely home has to offer. Early viewing is highly recommended.

Agent Details

Bairstow Eves, Stratford

020 3873 5835

Next Steps?

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