3 Bed Terraced House, Refurb/BRRR, London, E4 7HF, £575,000

Brodie Road, North Chingford, E4 7HF - 6 views - 8 months ago

Sold STC
Refurb/BRRR
ROI: 1%
~93 m²
+16 photos

ValuationOvervalued

Sold Prices£380K - £802.5K
Sold Prices/m²£3.4K/m² - £8.4K/m²

 

 

Square Metres

~93 m²
Price/m²£6.2K/m²

Value Estimate

£534,499

 

 

End Value (After Refurb)

£510,756

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£143,750

Stamp Duty & Legal Fees

£34,700

Refurb Costs

£49,200

Bridging Loan Interest

£15,094

Total Cash In

£244,494

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£510,756

Mortgage (After Refinance)

£383,067

Mortgage LTV

75%

Cash Left In

£244,494

Equity

£127,689

Rent Range

£1,800 - £2,900

Rent Estimate

£2,375

Running Costs/mo

£2,091

Cashflow/mo

£284

Cashflow/yr

£3,407

ROI

1%

Gross Yield

5%

Local Sold Prices

51 sold prices from £380K to £802.5K, average is £560K. £3.4K/m² to £8.4K/m², average is £5.6K/m².

PriceDateDistanceAddressBeds 
£610K08/210.06 mi24, Pretoria Crescent, London, Greater London E4 7HE3
£615K03/210.08 mi50, Scholars Road, London, Greater London E4 7HH3
£580K12/200.09 mi13, Balgonie Road, London, Greater London E4 7HL3
£570K01/230.09 mi22, Scholars Road, London, Greater London E4 7HH3
£630K02/210.1 mi20, Scholars Road, London, Greater London E4 7HH3
£686.5K03/210.12 mi42, Elmfield Road, London, Greater London E4 7HU3
£565K04/210.18 mi36, Fairlight Avenue, London, Greater London E4 6PA3
£495K12/200.18 mi34, Endlebury Road, London, Greater London E4 6QG3
£610K03/210.22 mi16, Fairlight Close, London, Greater London E4 6PB3
£665K02/230.22 mi8, Fairlight Close, London, Greater London E4 6PB3
£550K01/210.22 mi23, Kings Road, Chingford, London, Greater London E4 7HP3
£570K02/210.22 mi43, Kings Road, Chingford, London, Greater London E4 7HP3
£615K11/210.23 mi3, Dale View Avenue, London, Greater London E4 6PJ3
£645K02/210.23 mi51, Endlebury Road, London, Greater London E4 6QB3
£550K05/210.27 mi26, Richmond Road, Chingford, London, Greater London E4 7BN3
£440K06/230.27 mi4, St Egberts Way, London, Greater London E4 6QH3
£606K06/210.29 mi43, Dale View Avenue, London, Greater London E4 6PJ3
£730K01/230.31 mi56, Dale View Crescent, London, Greater London E4 6PQ3
£650K01/230.31 mi34, Whitehall Gardens, London, Greater London E4 6EH3
£560K12/200.32 mi68, Whitehall Gardens, London, Greater London E4 6EH3
£560K12/200.32 mi68, Whitehall Gardens, London, Greater London E4 6EH3
£550K04/210.32 mi21, Whitehall Gardens, London, Greater London E4 6EH3
£450K09/210.32 mi16, Whitehall Gardens, London, Greater London E4 6EH3
£670K06/230.32 mi15, Whitehall Gardens, London, Greater London E4 6EH3
£440K06/210.33 mi165, Kings Head Hill, London, Greater London E4 7JG3
£650K06/210.38 mi131, Larkshall Road, London, Greater London E4 6PE3
£435K01/210.39 mi11, Buckrell Road, London, Greater London E4 6JN3
£802.5K03/230.39 mi42, Pole Hill Road, London, Greater London E4 7LZ3
£538K09/210.39 mi81, Dale View Crescent, London, Greater London E4 6PH3
£784K12/200.4 mi33, Woodberry Way, London, Greater London E4 7DY3
£690K04/230.4 mi27, Buxton Road, Chingford, London, Greater London E4 7DP3
£646.5K12/200.41 mi95, Beresford Road, London, Greater London E4 6EF3
£450K11/200.42 mi68, Withy Mead, London, Greater London E4 6JW3
£530K10/200.43 mi4, Arabia Close, London, Greater London E4 7DU3
£530K03/230.43 mi69, Heathcote Grove, London, Greater London E4 6SB3
£505K05/210.45 mi4, Daphne Gardens, London, Greater London E4 9SP3
£610K02/230.45 mi22, Moreland Way, London, Greater London E4 6SG3
£467.5K07/230.46 mi48, Coney Burrows, London, Greater London E4 6EB3
£485K06/210.46 mi3, Meadow Close, London, Greater London E4 7LD3
£600K05/230.46 mi5, Gunners Grove, London, Greater London E4 9SR3
£445K05/210.46 mi15, Meadow Close, London, Greater London E4 7LD3
£430K04/230.47 mi80, Wittenham Way, London, Greater London E4 6JP3
£510K10/200.48 mi3, Springfield Road, London, Greater London E4 7DJ3
£470K11/200.5 mi130, Larkshall Road, London, Greater London E4 6NH3
£455K06/210.53 mi34, Wittenham Way, London, Greater London E4 6JR3
£600K03/210.53 mi8, Seymour Road, Chingford, London, Greater London E4 7LS3
£380K04/230.54 mi29, Withy Mead, London, Greater London E4 6JY3
£450K03/210.56 mi15, Little Friday Road, London, Greater London E4 6HD3
£710K11/200.56 mi90, Kimberley Road, Chingford, London, Greater London E4 6DQ3
£547K01/210.56 mi5, Holly Drive, London, Greater London E4 7NG3
£500K07/230.58 mi31, Maida Avenue, London, Greater London E4 7JH3

Local Rents

25 rents from £1.8K/mo to £2.9K/mo, average is £2.4K/mo.

RentDateDistanceAddressBeds 
£2,10012/230.19 mi-3
£1,80004/240.24 miLea Court, The Ridgeway, London, E43
£2,75005/240.28 miStation Road, Chingford3
£2,70003/240.37 miDale View Crescent, London3
£2,25005/240.39 miWhitehall Gardens, Chingford3
£2,50004/240.41 miChingford, E4, London, P44513
£2,50012/240.42 mi-3
£2,30011/240.42 mi-3
£2,30011/240.42 mi-3
£2,65012/240.44 mi-3
£2,39512/240.44 mi-3
£2,40002/240.46 mi-3
£2,90003/240.46 mi-3
£2,55003/240.46 miWittenham Way, Chingford, E43
£2,55004/240.46 mi-3
£2,50003/240.46 mi-3
£2,50004/240.46 mi-3
£1,90004/240.49 miRetingham Way, Chingford, London. E4 6RR3
£2,00003/240.52 miLukin Crescent, Chingford, E43
£2,40004/250.55 mi-3
£2,40012/240.55 mi-3
£2,30012/240.55 mi-3
£2,40003/250.55 mi-3
£2,40003/250.55 mi-3
£2,20003/240.56 miLukin Crescent, Chingford E43

Local Area Statistics

Population in E4

60,225

Population in London

4,771,921

Town centre distance

8.24 miles away

Nearest school

0.10 miles away

Nearest train station

0.57 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+13%

Sales demand

Seller's market

Capital growth (5yrs)

+26%

Property History

Listed for £575,000

August 7, 2024

Floor Plans

Description

  • Three Bedroom Terraced House +
  • Two Reception Rooms +
  • Galley Kitchen +
  • First Floor Bathroom +
  • Double Glazing +
  • Gas Central Heating +
  • Approx. 70ft Rear Garden +
  • In Need of Modernisation +
  • Excellent Location +
  • Chain Free +

Situated on a quiet and sought after residential road in North Chingford is this 1930's mid terraced house which is in need of modernisation. The property benefits from three bedrooms, two reception rooms, a galley kitchen, a first floor bathroom with a separate WC, double glazing, gas central heating and a rear garden which is approximately 70ft in length. The property has the potential to be extended to the rear as well as above with the addition of a loft conversion (subject to planning consent) adding further living space.

Brodie Road is located a few minutes walk room Station Road in North Chingford with plenty of independent retailers, bars, coffees shops and restaurants offering a vast array of cuisines for dining out. You will also find supermarkets such as Amazon Fresh, Co-op, and Tesco Express. Public transport includes local bus routes and Chingford Overground Station with direct access into Liverpool Street. You can also inter-change on to the Underground Station at Walthamstow Central (Victoria Line - Zone 3).

A happy middle ground between city and country life, you'll find vast green scenic spaces of Epping Forest to explore for when you fancy a tranquil walk.

The property conveniently located within easy reach of Chingford CofE and St. Mary's primary schools.
In our opinion this property would make an excellent family home once modernised and viewing is highly recommended.

Agent Details

Coultons, London

020 3907 9959

Next Steps?

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