Flats/Maisonettes 2 sales on record

3 THE RIDINGS

LONDON, REDBRIDGE, GREATER LONDON, E11 1SU

£432,000

Location

Nearby

Nearest stations, universities and amenities (distance from property).

Type Name Distance
Shop Beaute Parfait 0.0 miles
Bus stop Snaresbrook Station 0.0 miles
Train station Snaresbrook 0.1 miles
University Arden University Stratford Campus 3.0 miles
Hospital Rainbow Ward 4.1 miles

Property details

Tenure

Leasehold

Property type

Flat

Bedrooms

2

Bathrooms

2

Floor area

67 m²

EPC rating

C

Year built

England and Wales: 1996-2002

Last sold

£432,000 Apr 2026

Price per m²

£6,448/m²

Local average

£403,364 (72 sales)

Street crime

323 incidents within 1 mile (Jun 2026)

EPC Rating & Upgrade Cost

Current rating: C

Potential rating: C

Inspection date: 27/10/2022

Expiry date: 26/10/2032

Est. upgrade cost to C: £2,600

Recommendations

  • Replace boiler with new condensing boiler (£2,200 - £3,000)

View full EPC on gov.uk

Price history

Event Date Price Type % change Today’s value (HPI) Action
Sold 13/04/2026 £432,000 Flat +47.4% £422,636 to May 2026 View transaction
Sold 26/02/2010 £293,000 Flat £521,414 to May 2026 View transaction

Sold comparables

Same street and nearby sales within 0.25 miles (last 5 years). Land Registry Price Paid Data.

Address Price Date Type
68 MALCOLM WAY, LONDON, REDBRIDGE, GREATER LONDON, E11 1PW £480,000 09/02/2026 Flat
LAYBROOK LODGE, 63 3 SNARESBROOK ROAD, LONDON, REDBRIDGE, GREATER LONDON, E11 1SR £900,695 05/01/2026 Flat
51 FLAT 1 HERMON HILL, LONDON, REDBRIDGE, GREATER LONDON, E11 2AR £408,000 02/10/2025 Flat
7 THE HOLLIES, LONDON, REDBRIDGE, GREATER LONDON, E11 2SL £443,000 25/09/2025 Flat
15 FLAT 2 HERMON HILL, LONDON, REDBRIDGE, GREATER LONDON, E11 2AR £350,000 28/08/2025 Flat
14 WELLESLEY ROAD, LONDON, REDBRIDGE, GREATER LONDON, E11 2HF £523,090 12/08/2025 Flat
WOODFORD HOUSE FLAT 18 WOODFORD ROAD, LONDON, REDBRIDGE, GREATER LONDON, E18 2ES £411,000 15/11/2024 Flat
21 THE HOLLIES, LONDON, REDBRIDGE, GREATER LONDON, E11 2SL £475,000 13/12/2023 Flat
18 THE HOLLIES, LONDON, REDBRIDGE, GREATER LONDON, E11 2SL £445,000 05/12/2023 Flat
47B HERMON HILL, LONDON, REDBRIDGE, GREATER LONDON, E11 2AR £250,000 11/10/2023 Flat
24 THE HOLLIES, LONDON, REDBRIDGE, GREATER LONDON, E11 2SL £570,000 21/07/2023 Flat
30 FLAT C HERMON HILL, LONDON, REDBRIDGE, GREATER LONDON, E11 2AP £440,000 18/05/2023 Flat
20 THE HOLLIES, LONDON, REDBRIDGE, GREATER LONDON, E11 2SL £479,999 10/05/2023 Flat
27 THE HOLLIES, LONDON, REDBRIDGE, GREATER LONDON, E11 2SL £625,000 28/04/2023 Flat
WILFRED HOUSE, 1 - 3 FLAT 4 STATION PARADE, WANSTEAD, LONDON, REDBRIDGE, GREATER LONDON, E11 1QF £375,000 19/12/2022 Flat
WOODFORD HOUSE FLAT 14 WOODFORD ROAD, LONDON, REDBRIDGE, GREATER LONDON, E18 2ES £450,000 16/12/2022 Flat
8 MALCOLM WAY, SNARESBROOK, LONDON, REDBRIDGE, GREATER LONDON, E11 1PW £380,000 11/11/2022 Flat
24A WELLESLEY ROAD, LONDON, REDBRIDGE, GREATER LONDON, E11 2HF £397,000 08/11/2022 Flat
30 FLAT B HERMON HILL, LONDON, REDBRIDGE, GREATER LONDON, E11 2AP £377,675 21/10/2022 Flat
64 FLAT 6 HERMON HILL, LONDON, REDBRIDGE, GREATER LONDON, E11 1PB £294,000 06/10/2022 Flat

Area average: £453,723 (20 sales)

For sale comparables

Active for-sale listings within 1 mile, matched to the same property type (all bedroom counts shown — none matched the 2-bedroom count for this property).

Address Price Beds Type Distance
Harley Court, Blake Hall Road, Wanstead £315,000 1 Flat 0.67 mi

Capital growth trend

Land Registry outcode average: last 12 months vs 5y and 10y ago (from sold prices).

5y growth 21.1%
10y growth 12.2%

House Price Index (HM Land Registry — official index, not sold-price averages): Redbridge. Series: Flats and maisonettes. As of May 2026.

1y (index) -0.4%
5y (index) 4.2%
10y (index) 16.4%

Rental Range

Estimated market rent for Redbridge. Low = conservative, Realistic = average, Optimistic = best case.

Low £1,552/mo
Realistic £1,724/mo
Optimistic £1,896/mo

Based on Local Authority from postcode lookup → Redbridge.

LHA (30th percentile) floor for Outer East London: Apr 2025 – Mar 2026

Rental Comparables

Residential lets in the area (all bedroom counts shown — none matched the 2-bedroom count for this property). Student lets are excluded.

Title Rent Beds Distance As seen on
1 Bed Flat, Thornton House, E11 £1,600/mo 1 0.5 miles OpenRent
Studio Flat, Kings Passage, E11 £1,200/mo 1 0.98 miles OpenRent

Average rent: £1,400/mo (2 listings)

Rent-driven metrics

Based on OpenRent comparables.

Rent ratio 0.32%
Max investor price (0.8%) £175,000
Target investor price (1%) £140,000
Gross yield 3.9%
Cost-to-rent ratio 25.7×
Monthly cashflow £-466/mo 75% LTV, 3.95% APR (5yr fixed), 25yr term
Cash-on-cash ROI -4.5%
  • Rent ratio — Monthly rent ÷ purchase price (1% rule). 1%+ = strong, 0.8–1% = okay, <0.8% = weak for cashflow.
  • Max investor price — Rent ÷ 0.8%; the price at which rent would be 0.8% of price (Stoke-style target).
  • Target investor price — Rent ÷ 1%; the price at which rent would be 1% of price (strong cashflow band).
  • Gross yield — Annual rent as % of purchase price (no costs).
  • Cost-to-rent — Price ÷ annual rent (from OpenRent comparables). Under 14× = strong, 14–16× = acceptable, 17×+ = compressed.
  • Cashflow — Rent minus mortgage, 10% maintenance, £25/mo compliance. Assumes 75% LTV, 3.95% APR (5yr fixed), 25yr term.
  • ROI — Annual profit ÷ cash in (deposit + 4% purchase costs).

Flood risk

Zone: 1

Risk: Low

Job (default Low)

Registered land (INSPIRE)

This location falls inside an HM Land Registry INSPIRE registered freehold polygon.

Building plot (shared): ~3,619 m² (0.89 acres) (area is for the building, not the flat)

Source: HM Land Registry INSPIRE Index Polygons.

Street-level crime

Category Count
Violence and sexual offences 79
Anti-social behaviour 67
Shoplifting 65
Vehicle crime 25
Other theft 22
Burglary 15
Public order 15
Drugs 12
Theft from the person 10
Robbery 8
Bicycle theft 2
Other crime 2
Possession of weapons 1
Total incidents 323

Within 1 mile during Jun 2026. Source: data.police.uk (England & Wales).

Schools nearby

Nearest open schools with Ofsted ratings (England). Closed schools are not shown. Data from Get Information about Schools and Ofsted.

Name Type Distance Ofsted
Wanstead Church School Primary 0.3 miles Good — 26 Jun 2024
Snaresbrook Primary School Primary 0.3 miles Good — 27 Nov 2014
Our Lady of Lourdes RC Primary School Primary 0.5 miles Good — 12 Feb 2015
Forest School Other 0.6 miles (No rating)
Nightingale Primary School Primary 0.6 miles Good — 13 Nov 2023

FENSA

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