Description

Wanstead flats are at the end of the road so you can enjoy leisurely strolls of an evening and weekend, yet you are a stone's throw away from the thriving area of Stratford and Westfield Shopping Centre.

There are also excellent transport, with Wanstead Park and Forest Gate Stations being just 0.4miles away providing excellent links in to central London as well as the much anticipated Cross-Rail that will be running in 2020. Furthermore this home is also within the catchment area for both Woo Continued...

Letting fees

Rental fees

before you move in


Set up fee (tenant's share): £354 (inc VAT)
Includes contract negotiation (amending and agreeing terms) and arranging the tenancy and agreement.

Full reference fee: £36 (Inc VAT) per tenant.
Referencing identity, immigration and visa confirmation, financial credit checks, obtaining references from current or previous employers / landlords and any other relevant information to assess affordability.

Guarantor fee: £120 (inc VAT) per guarantor (if required)
Covering credit referencing and preparing a Deed of Guarantee as part of the Tenancy Agreement.

Pet deposit: Returnable additional security deposit of £500
To cover the added risk of property damage. This will be protected with your security deposit in a Government-authorised scheme and may be returned at the end of the tenancy.

Check out Fee (tenant's share): £90-£195(inc VAT)
Attending the property to undertake an updated Schedule of Condition based on the original inventory and negotiating the repayment of the security deposit(s).


During your tenancy


Amendment fee: £60 (inc VAT)
Contract negotiation, amending terms and updating your tenancy agreement during your tenancy.

Tenancy re-assignment: £300.00 (inc VAT)
Where a tenant wishes to surrender their tenancy

renewal fee (tenant's share): £120 (inc VAT) 12 months contract - £60 (inc VAT) 6 months contract.
Including contract negotiation, amending and updating terms and arranging a further tenancy and agreement.

Ending your tenancy:


Other fees and charges


Lost security items: £36 (inc VAT) plus item cost
Obtaining necessary permissions, sourcing providers and travel costs.

Out of hours services: £36 per hour (inc VAT) plus costs incurred.
Where actions of the tenant results in the agent (or nominated contractor) attending the property, time to remedy the situation is charged at the hourly rate.


Unpaid rents / returned payments


Interest at 9.6%(Inc VAT) above Bank of England Base Rate from date due.

Professional cleaning (if required): £80 (inc VAT) per hour - deducted from the security deposit
Only charged where professional cleaning is necessary to return the property to the same condition as at the start of the tenancy

Property features

  • 0.5m to Forest Gate & Manor Park Stations
  • 0.4m to Wanstead Park Station
  • Cellar
  • Contemporary kitchen/diner
  • Stunning family bathroom
  • Located in the heart of the Sought after Forest Gate Village
  • Beautiful condition throughout
  • Victorian property
  • Three double bedrooms
Travel time to work:

  • Wanstead Park - 0.60km, 9 mins walk
    • Overground
  • Manor Park - 0.75km, 11 mins walk
    • National Rail
  • Woodgrange Park - 0.78km, 12 mins walk
    • Overground

Rental Yield

Average rental value

£367pw

Average weekly rent of nearby 3 beds.

Annual rental yield

2.7%

Gross yield if rented for the average rent.

Sale price

Average asking price

£736,555

Average asking price of nearby 3 beds.

Value for money

2% cheaper

This property is slightly cheaper than average.

Price growth

Last 5 year price growth

Property prices in this area have increased at this rate per year over the last 5 years.

Estimated Value in 5 years

If historic price growth continues, this property could be worth this much in 5 years.

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Marketed by

Petty Son & Prestwich
11 Woodbine Place, Wanstead, London, E11 2RH

020 8033 7734

Contact agent