Studio for sale
From £135,000
Property info
Property features
- Price Range: £135, 000 - £165, 000
- 1 bedroom studio flat
- Chain free, convenient location
- Close to Central Line stations
- Ideal first time buyer/buy to let
Property description
Offering a fantastic opportunity for those getting their foot on the ladder of the Wanstead property market, this purpose built studio/1 bedroom flat is situated almost equal distance from Snaresbrook and Wanstead Central Line stations, ideal for commuting to work or those looking for a second home as a London base.
The property would be an ideal investment as the local area has a strong demand from professionals wishing to rent affordable accommodation.
Wanstead has a fantastic High Street with a great range of bars, restaurants and local shops, ideal for entertaining friends and family and is also an easy commute into the City or West End.
Please refer to the footnote regarding the services and appliances.
What the Owner says:The property has been a great investment for us and has always let quickly.
It would suit variety of buyers such as buy to let investors, first time buyers or perhaps someone looking to buy a second home/London base.
The accommodation has been re-arranged to create a 1 bedroom apartment.
Room sizes:
Please note that these particulars do not constitute or form part of an offer or contract, nor may they be regarded as representations. All interested parties must verify their accuracy and your solicitor must verify tenure/lease information, fixtures and fittings and planning/building regulation consents. All dimensions are approximate and quoted for guidance only. Reference to appliances and/or services does not imply that they are necessarily in working order or fit for the purpose.
For more information about this property, please contact
Douglas Allen, E11 on 020 8166 7327 (local rate)
Similar properties for sale nearby
This 1 bedroom studio, located in Cambridge Road, London E11 is listed for sale for £135,000 . The current asking price is 37% lower than the average current value for properties on Cambridge Road which is £215,053. There have been 21 property sales on Cambridge Road in the last 3 years, with sold house prices averaging £184,059. This property has 1 bedroom and is located in Wanstead.
£307,099 £710,127 £460,637 £314,478 £209,818
stats for
£285 (0.09%) £929 (0.30%) £3,932 (1.30%) £7,235 (-2.30%) £26,384 (9.40%) £28,798 (-8.58%) £18,153 (-5.58%)
from
Property value data/graphs for E11
| Property type | Avg. current value | Avg. £ per sq ft. | Avg. # beds | Avg. £ paid (last 12m) |
|---|---|---|---|---|
| Detached | £710,057 | £391 | 4.1 | £630,959 |
| Semi-detached | £460,486 | £337 | 3.8 | £482,381 |
| Terraced | £314,413 | £310 | 3.1 | £318,752 |
| Flats | £209,701 | £321 | 1.8 | £204,048 |
Current asking prices in E11
| Property type | 1 bed | 2 beds | 3 beds | 4 beds | 5 beds |
|---|---|---|---|---|---|
| Houses |
£199,443 (9) |
£281,579 (24) |
£350,360 (63) |
£503,596 (40) |
£698,123 (16) |
| Flats |
£169,689 (56) |
£230,451 (57) |
£275,748 (12) |
- | - |
| All |
£173,809 (65) |
£245,600 (81) |
£338,422 (75) |
£503,596 (40) |
£698,123 (16) |
Current asking rents in E11
| Property type | 1 bed | 2 beds | 3 beds | 4 beds | 5 beds |
|---|---|---|---|---|---|
| Houses |
£4,384 pcm (17) |
£6,768 pcm (33) |
£6,395 pcm (52) |
£10,252 pcm (33) |
£12,092 pcm (20) |
| Flats |
£1,898 pcm (106) |
£2,279 pcm (153) |
£3,664 pcm (32) |
£5,220 pcm (3) |
£1,998 pcm (1) |
| All |
£2,242 pcm (123) |
£3,076 pcm (186) |
£5,355 pcm (84) |
£9,832 pcm (36) |
£11,611 pcm (21) |
Fun facts for E11
| Highest value streets | Zed-Index What is the Zed-Index |
|---|---|
| Grove Park | £921,331 |
| Draycot Road | £869,850 |
| Felstead Road | £838,765 |
| St. Mary's Avenue | £809,925 |
| The Warren Drive | £793,614 |
| Highest turnover streets | Turnover What is Turnover? |
|---|---|
| Guernsey Road | 52.9% |
| Hollybush Close | 40.0% |
| Cowley Road | 37.5% |
| Buxton Drive | 37.0% |
| High Street Wanstead | 36.4% |
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