Avenue Road, Forest Gate, E7
HI

Avenue Road, Forest Gate, E7

By Highcastle Estates

£ 300,000

Reviews

2 out of 5 stars

Highcastle Estates says ..

GUIDE PRICE £300,000 to £325,000 Located in 'Forest Gate Village', this two bed fist floor flat offers a generous 690 sq. ft of living space, in need of some cosmetic work, this property has great potential to uplift its value and offers a great rental return currently achi...

Property Oracle says ..

The property is located on Avenue Road, Forest Gate, in the London Borough of Newham. Forest Gate benefits from good transport links, with Wanstead Park and Forest Gate Overground stations within a short distance, providing easy access to central London. Several primary schools with good Ofsted ratings are also nearby, making it potentially attractive to families.

Based on the provided images, the property appears to be in need of some modernisation and updating. The bathroom shows signs of wear and tear, and the overall condition of the property suggests a need for refurbishment to bring it up to a modern standard. The property does not appear to have a garden.

The list price of £300,000 is significantly below the average price for the area (£583,600). However, the average price per square foot in the area (£522) is considerably higher than what this property would command given its condition and lack of outdoor space. While the lower price may initially seem attractive, potential buyers should factor in the likely costs of renovation and modernisation. The price may reflect the need for significant work.

Considering the property’s condition, lack of outdoor space, and the need for modernisation, the price, while lower than the average for the area, may still require careful consideration in relation to the costs of renovation.

Therefore, we give this property 4 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

Price
5
Condition
4
Location
7
Land
1
Bedrooms
2
Bathrooms
1
Sqft (est)
699.65

The heatmap indicates the level of crime in the area. The color of the heatmap indicates the crime severity and recency.

Metrics Year-on-Year

Average area value
733,333.00 £
Increased by 49.34 %
from 491,063.00 £
Est sale value
361,719.05 £
Decreased by 4.08 %
from 377,111.35 £
Average area rental value
1,836.00 £/mo
Decreased by 10.92 %
from 2,061.00 £/mo
Est letting value
699.65 £/mo
Decreased by 50.00 %
from 1,399.30 £/mo
Est rental Yield
3.00 %
Decreased by 40.48 %
from 5.04 %
Crime Rate
4.00 %
Unchanged by 0.00 %
from 4.00 %

Agent Activity

  • Highcastle Estates marked this listing as sold.

  • Highcastle Estates created the listing.

Nearby Schools

NameTypeOfstedDistance
Woodgrange Infant SchoolCommunity SchoolGood0.18 KM
Godwin Junior SchoolCommunity SchoolGood0.27 KM
Kay Rowe Children'S CentreChildren's Centre0.31 KM
Kay Rowe Nursery SchoolLocal Authority Nursery SchoolOutstanding0.35 KM
Forest Gate Community SchoolAcademy Converter0.49 KM

Images

Nearby Streets

NameAverage PriceAverage SqftDistance
Brownlow Road £ 000.00 KM
Richmond Road £ 297,50000.00 KM
Post Office Approach £ 000.00 KM
Neagle Lane £ 000.00 KM
Adams Walk £ 122,50000.00 KM

Nearby Transport

NameNLCTLCDistance
Wanstead Park7408WNP0.13 KM
Forest Gate6876FOG0.40 KM
Woodgrange Park7467WGR1.90 KM
Manor Park6883MNP2.10 KM
Maryland6970MYL2.46 KM

Nearby Listings

AddressPriceTypeScoreDistance
Avenue Road, Forest Gate, E7 £ 300,000BUY4 / 100.00 KM
Avenue Road, Forest Gate, E7 £ 350,000BUY5 / 100.05 KM
Chestnut Avenue, Forest Gate £ 550,000BUY6 / 100.11 KM
Sebert Road, London, E7 £ 790,000BUY5 / 100.11 KM
Chestnut Avenue, London, Greater London, E7 £ 450,000BUYUnknown0.12 KM

Nearby Properties

AddressPriceDistance
19 Avenue Road £ 635,0000.02 KM
35a Avenue Road £ 135,0000.02 KM
39 Avenue Road £ 92,5000.02 KM
1 Avenue Road £ 625,0000.02 KM
39a Avenue Road £ 432,5000.02 KM