3 Bed Flat, Single Let, London, E16 1JA, £380,000

Ruscoe Road, London, E16 1JA - 1 views - 9 years ago

Leasehold

BTL

ROI: 8%

~93 m²

+2 photos

ValuationUndervalued

Sold Prices	£120K - £810K
Sold Prices/m²	£3.6K/m² - £9.2K/m²

Square Metres	~93 m²
Price/m²	£4.1K/m²
Value Estimate	£453,228£453,228
BMV	19%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£95,000£95,000
Stamp Duty & Legal Fees	£19,100£19,100
Total Cash In	£114,100£114,100

Cash Out
Rent Range	£2,200 - £6,500£2,200 - £6,500
Rent Estimate	£2,461
Running Costs/mo	£1,700£1,700
Cashflow/mo	£761£761
Cashflow/yr	£9,136£9,136
ROI	8%8%
Gross Yield	8%8%

Local Sold Prices

44 sold prices from £120K to £810K, average is £360K. £3.6K/m² to £9.2K/m², average is £4.9K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£342K	12/22	0.36 mi	22, Clements Avenue, London, Greater London E16 3AA	£4,957	69	3	Flat
£340K	12/22	0.4 mi	58, Bridgeland Road, London, Greater London E16 3AD	£4,857	70	3	Flat
£295K	06/21	0.51 mi	123, Carson Road, London, Greater London E16 4BG	£4,449	66	3	Flat
£305K	11/21	0.52 mi	113, Carson Road, London, Greater London E16 4BG	-	-	3	Flat
£310K	10/20	0.55 mi	35, Carson Road, London, Greater London E16 4BD	£5,254	59	3	Flat
£360K	12/22	0.61 mi	10, Gerald Road, London, Greater London E16 4HX	-	-	3	Flat
£342K	05/21	0.67 mi	100, Anne Street, London, Greater London E13 8BY	£3,977	86	3	Flat
£330K	05/21	0.94 mi	14, Germander Way, London, Greater London E15 3AB	£4,714	70	3	Flat
£120K	05/21	0.94 mi	43, Germander Way, London, Greater London E15 3AB	-	-	3	Flat
£285K	03/21	1.04 mi	19, Emma Road, London, Greater London E13 0DS	£4,318	66	3	Flat
£330K	06/21	1.05 mi	57, Chesterton Terrace, London, Greater London E13 0BZ	£6,969	47	3	Flat
£325K	03/21	1.07 mi	87, Tollgate Road, London, Greater London E16 3LQ	£3,571	91	3	Flat
£220K	07/22	1.09 mi	562a, Barking Road, Plaistow, London, Greater London E13 9JU	£3,929	56	3	Flat
£355K	06/21	1.1 mi	14, Willis Street, London, Greater London E14 6NB	-	-	3	Flat
£415K	02/23	1.1 mi	8, Willis Street, London, Greater London E14 6NB	£5,685	73	3	Flat
£360K	01/23	1.1 mi	34, Given Wilson Walk, London, Greater London E13 0EB	£3,711	97	3	Flat
£570K	08/23	1.17 mi	320, Boardwalk Place, London, Greater London E14 5SH	£8,074	71	3	Flat
£810K	12/20	1.17 mi	4, Landons Close, London, Greater London E14 9QQ	£6,480	125	3	Flat
£400K	04/21	1.17 mi	28, Brownfield Street, London, Greater London E14 6NE	£5,970	67	3	Flat
£770K	03/21	1.2 mi	154, Barrier Point Road, London, Greater London E16 2SE	£6,016	128	3	Flat
£650K	04/23	1.25 mi	203, Barrier Point Road, London, Greater London E16 2SF	£6,915	94	3	Flat
£400K	04/23	1.28 mi	Flat 27, Stanborough House, Empson Street, London, Greater London E3 3LY	-	-	3	Flat
£375K	08/23	1.45 mi	68a, Stopford Road, London, Greater London E13 0LZ	-	-	3	Flat
£335K	02/21	1.45 mi	68a, Stopford Road, London, Greater London E13 0LZ	-	-	3	Flat
£350K	11/20	1.52 mi	200a, Harold Road, London, Greater London E13 0SE	£4,795	73	3	Flat
£421.3K	03/21	1.54 mi	162, Rounton Road, London, Greater London E3 4EX	£6,195	68	3	Flat
£450K	12/20	1.55 mi	104, Bisson Road, London, Greater London E15 2RE	£5,885	76	3	Flat
£360K	12/20	1.58 mi	127, Campbell Road, London, Greater London E3 4DP	£4,390	82	3	Flat
£395K	12/20	1.61 mi	208, Hind Grove, London, Greater London E14 6HP	£4,702	84	3	Flat
£405K	12/21	1.61 mi	16, Tidey Street, London, Greater London E3 4DD	£5,400	75	3	Flat
£393K	04/23	1.64 mi	6, Plashet Road, London, Greater London E13 0PU	£4,137	95	3	Flat
£327.5K	04/21	1.64 mi	14a, Plashet Road, London, Greater London E13 0PU	£3,808	86	3	Flat
£177.5K	10/22	1.64 mi	28a, Plashet Road, London, Greater London E13 0PU	-	-	3	Flat
£385K	12/22	1.68 mi	77a, Meeson Road, London, Greater London E15 4AW	£4,497	86	3	Flat
£350K	03/21	1.7 mi	11, Atlas Gardens, London, Greater London SE7 7TB	£3,868	90	3	Flat
£790K	02/21	1.76 mi	Flat 28, Cubitt Wharf, Storers Quay, London, Greater London E14 3BF	-	-	3	Flat
£700K	01/23	1.9 mi	18, Milligan Street, London, Greater London E14 8AU	£9,152	76	3	Flat
£325K	09/22	1.9 mi	241, Lonsdale Avenue, London, Greater London E6 3QA	£3,779	86	3	Flat
£319K	09/22	1.9 mi	33, Greatfield Avenue, London, Greater London E6 3RU	£4,090	78	3	Flat
£385K	01/23	1.91 mi	37, Greatfield Avenue, London, Greater London E6 3RU	£4,873	79	3	Flat
£425K	03/21	1.93 mi	Flat C, 72, Woolwich Road, London, Greater London SE10 0JU	-	-	3	Flat
£480K	08/21	1.94 mi	33, Ambrose Walk, London, Greater London E3 2AR	£5,000	96	3	Flat
£425K	02/21	1.96 mi	35a, Dupree Road, London, Greater London SE7 7RR	£5,247	81	3	Flat
£430K	09/21	1.96 mi	31a, Dupree Road, London, Greater London SE7 7RR	£5,375	80	3	Flat

Local Rents

50 rents from £2.2K/mo to £6.5K/mo, average is £3.3K/mo.

Rent	Date	Distance	Address	Beds	Type
£2,900	03/25	0.03 mi	-	3	Detached House
£2,500	04/24	0.06 mi	-	3	Semi-Detached House
£2,450	05/24	0.09 mi	-	3	Terraced House
£2,500	05/24	0.14 mi	-	3	Flat
£2,795	04/24	0.17 mi	Coral Apartments, 17 Western Gateway, Canary Wharf, Canning town, London, E16 1AQ	3	Flat
£3,500	03/25	0.19 mi	-	3	Terraced House
£2,200	12/24	0.19 mi	-	3	Flat
£3,290	03/24	0.2 mi	Silvertown Way, London, E16	3	Flat
£3,300	04/24	0.2 mi	Silvertown Way, London, E16	3	Flat
£3,300	04/24	0.2 mi	Silvertown Way, London, E16	3	Flat
£3,290	04/24	0.2 mi	Silvertown Way, London, E16	3	Flat
£3,310	04/24	0.2 mi	Silvertown Way, London, E16	3	Flat
£3,310	04/24	0.2 mi	Silvertown Way, London, E16	3	Flat
£3,310	04/24	0.2 mi	Silvertown Way, London, E16	3	Flat
£3,310	04/24	0.2 mi	Silvertown Way, London, E16	3	Flat
£3,310	04/24	0.2 mi	Silvertown Way, London, E16	3	Flat
£3,285	05/24	0.2 mi	Silvertown Way, London, E16	3	Flat
£3,285	05/24	0.2 mi	Silvertown Way, London, E16	3	Flat
£3,285	05/24	0.2 mi	Silvertown Way, London, E16	3	Flat
£3,285	05/24	0.2 mi	Silvertown Way, London, E16	3	Flat
£3,285	05/24	0.2 mi	Silvertown Way, London, E16	3	Flat
£3,285	12/24	0.2 mi	Silvertown Way, London, E16	3	Flat
£2,799	03/24	0.21 mi	Effra Gardens, London E16	3	Flat
£3,200	04/24	0.21 mi	Effra Gardens, London, Newham, E16	3	Flat
£3,000	05/24	0.21 mi	Prince Court, 5 Nelson Street, London, E16	3	Flat
£2,500	04/24	0.23 mi	-	3	Semi-Detached House
£2,500	03/24	0.23 mi	Tarling Road, London, E16	3	Semi-Detached House
£3,500	05/24	0.23 mi	Maud Street, London, Newham, E16	3	Flat
£6,500	04/24	0.23 mi	-	3	Flat
£4,500	02/25	0.23 mi	-	3	Flat
£2,700	05/24	0.23 mi	Ivy Point, 5 Hannaford Walk, Bromley by Bow, London, E3 3TF	3	Flat
£2,496	03/24	0.25 mi	Fife Road, Canning Town	3	Flat
£2,496	03/24	0.25 mi	Fife Road, Canning Town	3	Flat
£2,495	03/24	0.26 mi	Canning Town, London, E16	3	Flat
£3,000	03/24	0.27 mi	Heartwell Avenue, London, E16	3	Flat
£2,800	03/24	0.27 mi	Heartwell Avenue, London, E16	3	Flat
£3,000	04/24	0.27 mi	Heartwell Avenue, London, E16	3	Flat
£2,800	04/24	0.27 mi	Heartwell Avenue, London, E16	3	Flat
£3,000	04/24	0.27 mi	Heartwell Avenue, London, E16	3	Flat
£2,800	05/24	0.27 mi	Heartwell Avenue, London, E16	3	Flat
£3,250	04/24	0.27 mi	Barking Road, London, E16	3	Flat
£2,600	05/24	0.28 mi	Barking Road, Canning Town	3	Flat
£3,597	03/24	0.31 mi	Corson House, London City Island, London, E14	3	Flat
£3,358	03/24	0.31 mi	City Island, London	3	Flat
£3,250	03/24	0.33 mi	City Island Way	3	Flat
£3,000	12/24	0.35 mi	-	3	Detached House
£3,597	12/24	0.36 mi	City Island 46 Botanic Square, London	3	Flat
£3,449	05/24	0.36 mi	Grantham House, London City Island, London, E14	3	Flat
£3,350	03/24	0.36 mi	-	3	Flat
£3,000	03/24	0.36 mi	Gateway Tower, 28 Western Gateway, Royal Victoria, London, E16	3	Flat

Local Area Statistics

Population in E16	44,88044,880
Population in London	4,771,9214,771,921
Town centre distance	5.25 miles away5.25 miles away
Nearest school	0.30 miles away0.30 miles away
Nearest train station	0.26 miles away0.26 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	-4%-4%
Sales demand	Buyer's marketBuyer's market
Capital growth (5yrs)	-3%-3%

Property History

Listed for £380,000

January 4, 2016

Floor Plans

Description

Exceptional three-bedroom apartment located in a pub conversion +
Modern decor throughout +
Moments from Canning Town Jubilee and DLR +
Public House conversion +
Lease Term : 125 years from 1 January 2006 +
Bedroom 1 (3.18m x 2.25m / 7.16m²): +
Bedroom 2 (3.35m x 2.80m / 9.38m²): +
Bedroom 3 (3.90m x 2.80m / 10.92m²): +

Next Home Ltd is delighted to present this exceptional three-bedroom apartment located in this pub conversion, located just a short from Canning Town DLR station. Offered chain-free, this beautifully converted public house boasts a stylish and contemporary finish throughout, making it a fantastic opportunity for first-time buyers, professionals, or investors alike. Upon entering via the communal front door, you are welcomed into a bright and airy entrance hall with solid wood flooring, leading to the spacious reception area. The property seamlessly blends character with modern conveniences, ensuring both comfort and style.The modern fitted kitchen is designed to impress, featuring a range of high-quality wall and base units, worktops, a sink unit with mixer taps, an integrated oven, hob with extractor, fridge freezer, and washing machine. The sleek finish and ample workspace make it perfect for cooking and entertaining.
This unique home now comprises three well-proportioned bedrooms:
Bedroom 1 (3.18m x 2.25m / 7.16m²): Currently achieve £800
Bedroom 2 (3.35m x 2.80m / 9.38m²): Currently achieve £800
Bedroom 3 (3.90m x 2.80m / 10.92m²): Currently achieves £800
The property also features a luxurious bathroom suite, complete with a panel bath, pedestal wash basin, low-level W/C, separate shower cubicle, fully tiled walls, ceramic flooring, a heated towel rail, downlighters, and a skylight, creating a bright and spa-like atmosphere.For those who enjoy outdoor space, this home boasts a private patio garden (approx. 18ft x 15ft), with a decking area leading to a gravel section - an ideal setting for relaxing or entertaining guests.

This stunning property is a must-see to fully appreciate the quality and attention to detail. Contact Next Home Ltd today to arrange your viewing!

Agent Details

Next Home Ltd, Leyton

020 3910 6440

Next Steps?

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

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