2 Bed Flat, Refurb/BRRR, London, N17 0UB, £260,000

Taylor Close, Tottenham , London, N17 0UB - 11 views - 3 years ago

Under Offer

Leasehold

Cash

Refurb/BRRR

ROI: 4%

~68 m²

+6 photos

ValuationFair Value

Sold Prices	£179K - £540K
Sold Prices/m²	£3K/m² - £8.3K/m²

Square Metres	~68.11 m²
Price/m²	£3.8K/m²
Value Estimate	£260,000£260,000

End Value (After Refurb)	£358,498£358,498
Uplift in Value	+38%+38%

Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (25%)	£65,000£65,000
Stamp Duty & Legal Fees	£9,500£9,500
Refurb Costs	£36,033£36,033
Bridging Loan Interest	£6,825£6,825
Total Cash In	£119,108£119,108

Cash Out
Monetisation	FlipRefinance & RentFlip
Estimated Sale Price	£358,498£358,498
Agent Fees (1%)	£3,585£3,585
Bridging Loan	£195,000£195,000
Bridging Loan Interest	£6,825£6,825
Flip Profit	£40,805£40,805

Local Sold Prices

50 sold prices from £179K to £540K, average is £274.5K. £3K/m² to £8.3K/m², average is £5K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£285K	11/22	0.01 mi	1, Taylor Close, London, Greater London N17 0UB	£4,914	58	2	Flat
£307K	03/21	0.03 mi	69, Northumberland Park, London, Greater London N17 0TG	£6,532	47	2	Flat
£342K	02/23	0.13 mi	123, Northumberland Park, London, Greater London N17 0TL	£6,333	54	2	Flat
£274K	03/23	0.22 mi	10, Park Lane Close, London, Greater London N17 0HL	£4,281	64	2	Flat
£300K	06/21	0.27 mi	106, Middleham Road, London, Greater London N18 2SD	£5,882	51	2	Flat
£245K	03/21	0.34 mi	Flat 14, Corbridge House, Northumberland Park, London, Greater London N17 0QE	-	-	2	Flat
£285K	07/23	0.36 mi	Flat 3, Whittingham House, Northumberland Park, London, Greater London N17 0QG	£3,958	72	2	Flat
£321K	06/21	0.42 mi	28, Gascoigne Close, London, Greater London N17 8BA	£5,350	60	2	Flat
£320K	08/21	0.47 mi	Flat 37, Somerset Hall, Creighton Road, London, Greater London N17 8SH	-	-	2	Flat
£275K	11/20	0.47 mi	Flat 55, Somerset Hall, Creighton Road, London, Greater London N17 8SH	-	-	2	Flat
£290K	11/22	0.47 mi	Flat 46, Somerset Hall, Creighton Road, London, Greater London N17 8SH	-	-	2	Flat
£310K	04/21	0.48 mi	17, Academia Way, London, Greater London N17 8HE	£4,559	68	2	Flat
£233K	02/22	0.49 mi	Flat 7, Bridport House, Colyton Way, London, Greater London N18 2XJ	-	-	2	Flat
£415K	04/23	0.52 mi	52, Pembury Road, London, Greater London N17 8LY	-	-	2	Flat
£262K	03/21	0.55 mi	40, Siddons Road, London, Greater London N17 9UT	£4,596	57	2	Flat
£400K	11/22	0.55 mi	46, Siddons Road, London, Greater London N17 9UT	-	-	2	Flat
£275K	04/23	0.6 mi	26, Culpepper Close, London, Greater London N18 2DZ	£4,661	59	2	Flat
£270K	03/23	0.6 mi	12, Culpepper Close, London, Greater London N18 2DZ	£4,091	66	2	Flat
£266K	12/21	0.62 mi	70, Leopold Road, London, Greater London N18 2HX	£5,216	51	2	Flat
£270K	11/21	0.63 mi	50, Leopold Road, London, Greater London N18 2HX	-	-	2	Flat
£260K	04/21	0.63 mi	46, Leopold Road, London, Greater London N18 2EW	£4,409	59	2	Flat
£335K	06/21	0.64 mi	157, Shelbourne Road, London, Greater London N17 9YD	-	-	2	Flat
£326K	06/21	0.64 mi	161a, Shelbourne Road, London, Greater London N17 9YD	£5,344	61	2	Flat
£245K	02/22	0.64 mi	6, Inverness Road, London, Greater London N18 2EE	£5,000	49	2	Flat
£320K	04/23	0.75 mi	25b, Forest Gardens, London, Greater London N17 6XA	-	-	2	Flat
£250K	01/22	0.75 mi	56, Leopold Road, London, Greater London N18 2HX	£4,237	59	2	Flat
£270K	11/21	0.75 mi	50, Leopold Road, London, Greater London N18 2HX	-	-	2	Flat
£380K	12/22	0.75 mi	First Floor Flat, 42, Bruce Grove, London, Greater London N17 6RN	£5,672	67	2	Flat
£251K	10/21	0.76 mi	14, Dickens Lane, London, Greater London N18 1PH	-	-	2	Flat
£230K	06/22	0.77 mi	23, Dickens Lane, London, Greater London N18 1PH	£5,610	41	2	Flat
£265K	07/22	0.77 mi	28, Herne Mews, London, Greater London N18 2QZ	-	-	2	Flat
£245K	07/22	0.78 mi	82, Wigston Close, London, Greater London N18 1XF	£4,737	52	2	Flat
£365K	06/21	0.78 mi	4b, Linley Road, London, Greater London N17 6RP	-	-	2	Flat
£370K	05/21	0.8 mi	3b, Radley Road, London, Greater London N17 6RH	£6,379	58	2	Flat
£375K	06/23	0.83 mi	Flat 9, Gaven House, Broadwater Road, London, Greater London N17 6JB	-	-	2	Flat
£250K	08/22	0.85 mi	55, Tanners End Lane, London, Greater London N18 1PQ	£3,571	70	2	Flat
£255K	06/22	0.86 mi	49, Tanners End Lane, London, Greater London N18 1PQ	£5,835	44	2	Flat
£243K	02/23	0.87 mi	38, Tanners End Lane, London, Greater London N18 1PG	£3,197	76	2	Flat
£270K	03/21	0.89 mi	27, Reed Road, London, Greater London N17 9BU	-	-	2	Flat
£179K	12/21	0.89 mi	5, Reed Road, London, Greater London N17 9BU	£2,995	60	2	Flat
£400K	10/20	0.91 mi	Ground Floor Flat, 271, Mount Pleasant Road, London, Greater London N17 6HD	£5,797	69	2	Flat
£374K	03/21	0.91 mi	28b, The Avenue, Tottenham, London, Greater London N17 6TD	-	-	2	Flat
£491K	06/23	0.91 mi	14, The Avenue, Tottenham, London, Greater London N17 6TD	£8,322	59	2	Flat
£260K	12/22	0.91 mi	52, Pycroft Way, London, Greater London N9 9XY	£4,407	59	2	Flat
£540K	06/23	0.94 mi	Flat Left, 18, Sperling Road, London, Greater London N17 6UH	-	-	2	Flat
£358K	12/20	0.95 mi	20a, Chandos Road, London, Greater London N17 6HN	£5,683	63	2	Flat
£270K	09/22	0.95 mi	49, Pycroft Way, London, Greater London N9 9XU	£5,348	50	2	Flat
£260K	03/21	0.95 mi	53, Pycroft Way, London, Greater London N9 9XU	£4,906	53	2	Flat
£257.5K	09/21	0.96 mi	42, Grilse Close, London, Greater London N9 0UU	£4,952	52	2	Flat
£262K	05/21	0.96 mi	Flat 4, Romany House, Beaconsfield Road, London, Greater London N9 0PY	-	-	2	Flat

Local Rents

52 rents from £1.5K/mo to £3.5K/mo, average is £1.9K/mo.

Rent	Date	Distance	Address	Beds	Type
£3,500	02/25	0.05 mi	-	2	Flat
£2,495	02/25	0.05 mi	-	2	Bungalow
£2,495	01/25	0.05 mi	-	2	Bungalow
£2,395	02/25	0.05 mi	-	2	Bungalow
£2,345	02/25	0.05 mi	-	2	Bungalow
£2,345	02/25	0.05 mi	-	2	Bungalow
£2,345	02/25	0.05 mi	-	2	Bungalow
£2,195	03/25	0.05 mi	-	2	Bungalow
£1,662	05/24	0.07 mi	Trulock Road, Tottenham, London, N17	2	Flat
£1,750	06/24	0.07 mi	Trulock Road, Tottenham, London, N17	2	Flat
£1,750	04/25	0.08 mi	-	2	Flat
£1,800	05/24	0.09 mi	Trulock Road, Northumberland Park, Tottenham, London, N17	2	Terraced House
£2,150	12/24	0.09 mi	-	2	Semi-Detached House
£1,850	03/25	0.09 mi	-	2	Flat
£1,950	01/25	0.11 mi	-	2	Flat
£2,400	04/25	0.12 mi	-	2	Flat
£1,900	05/24	0.12 mi	-	2	Flat
£1,650	04/25	0.15 mi	-	2	Flat
£1,700	06/24	0.15 mi	Brantwood Road, Tottenham, London, N17	2	Flat
£1,650	06/24	0.26 mi	Park Lane, Tottenham, London, N17	2	Flat
£1,550	05/24	0.26 mi	Park Lane, TOTTENHAM, N17	2	Flat
£1,850	06/24	0.27 mi	Leyburn Grove, Edmonton, London	2	House
£1,850	02/24	0.28 mi	-	2	Flat
£1,850	02/24	0.28 mi	-	2	Flat
£1,850	02/24	0.28 mi	-	2	Flat
£1,700	02/24	0.29 mi	-	2	Flat
£1,700	02/24	0.29 mi	-	2	Flat
£1,700	05/24	0.29 mi	-	2	Flat
£1,900	01/25	0.32 mi	-	2	Flat
£1,700	05/24	0.33 mi	Denmark Street, London, N17	2	Flat
£2,200	03/25	0.34 mi	-	2	Flat
£2,050	12/24	0.34 mi	-	2	Flat
£1,900	04/25	0.34 mi	-	2	Flat
£2,000	04/25	0.34 mi	-	2	Flat
£2,000	03/25	0.35 mi	-	2	Flat
£3,000	05/24	0.37 mi	-	2	Flat
£1,750	04/25	0.37 mi	-	2	Flat
£1,900	03/25	0.38 mi	-	2	Flat
£1,900	12/24	0.38 mi	-	2	Flat
£1,800	05/24	0.39 mi	-	2	Flat
£1,800	06/24	0.4 mi	Briaris Close, N17, Tottenham, London, N17	2	Flat
£1,500	01/25	0.4 mi	-	2	Flat
£1,600	03/25	0.4 mi	-	2	Flat
£1,800	01/25	0.4 mi	-	2	Flat
£1,600	04/25	0.43 mi	-	2	Flat
£1,900	01/25	0.44 mi	-	2	Flat
£1,850	03/25	0.45 mi	-	2	Flat
£1,700	05/24	0.46 mi	Lansdowne Road, Tottenham, North london, N17	2	Flat
£1,995	04/25	0.46 mi	-	2	Flat
£1,980	04/25	0.46 mi	-	2	Flat
£1,600	06/24	0.47 mi	Somerset Hall, Creighton Road, Tottenham N17	2	Flat
£1,850	02/25	0.47 mi	-	2	Flat

Local Area Statistics

Population in N17	62,84362,843
Population in London	4,771,9214,771,921
Town centre distance	5.68 miles away5.68 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	0.34 miles away0.34 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+3%+3%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+14%+14%

Property History

Listed for £260,000

January 12, 2022

Floor Plans

Description

Ground Floor Flat with Visual Display intercom system +
18ft Reception room - Bright and Airy with Large Windows +
Two Bedrooms +
Separate Kitchen +
In need of some updating +
Double Glazed and Gas Central Heating (untested) +
Ready made buy to let investment for Cash buyers +
Residents Parking on Site (subject to Permit) +

Ready made investment for *CASH BUYERS* only with tenant-in-situ. Knights are delighted to offer for sale this Two Bedroom Ground Floor purpose built flat. The property benefits from a 18ft Reception Room and a separate Kitchen. Fully double glazed, gas central heating (untested) and is offered CHAIN FREE. Ideal for a buy to let investment. Call Knights to book your viewing.

Entrance Hall with doors to,

Bedroom One:
Bedroom Two.
Reception Room.
Kitchen.
Bathroom.

Residents parking on site (subject to obtaining a parking permit)
Communal Garden with Benches.

Our Vendor Has informed us of the following.
Service Charges £852.00 per annum
Ground Rent TBC
Lease 78 years remaining. Extension currently being applied for.
Currently let and managed by Knights Residential

Please note the pictures are from before the property became tenanted.
Call Knights to book your viewing.

Agent Details

Knights Residential, London

020 3889 9185

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪

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