3 Bed Flat, Single Let, Potters Bar, EN6 5DG, £300,000

Blunesfield, Potters Bar, EN6 5DG - 1 views - 3 years ago

Sold STC

BTL

ROI: 6%

~106 m²

+12 photos

ValuationUndervalued

Sold Prices	£268K - £1.0M
Sold Prices/m²	£3.1K/m² - £5.6K/m²

Square Metres	~105.82 m²
Price/m²	£2.8K/m²
Value Estimate	£360,000£360,000
BMV	20%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£75,000£75,000
Stamp Duty & Legal Fees	£18,700£18,700
Total Cash In	£93,700£93,700

Cash Out
Rent Range	£1,700 - £2,750£1,700 - £2,750
Rent Estimate	£1,800
Running Costs/mo	£1,318£1,318
Cashflow/mo	£483£483
Cashflow/yr	£5,790£5,790
ROI	6%6%
Gross Yield	7%7%

Local Sold Prices

8 sold prices from £268K to £1.0M, average is £369K. £3.1K/m² to £5.6K/m², average is £5K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£425K	07/23	0.16 mi	8, Stapleton Close, Potters Bar, Hertfordshire EN6 4AF	£5,592	76	3	Flat
£322.5K	10/22	0.37 mi	120, Chace Avenue, Potters Bar, Hertfordshire EN6 5NP	-	-	3	Flat
£268K	02/23	0.42 mi	8, Aston Way, Potters Bar, Hertfordshire EN6 5NT	£3,124	86	3	Flat
£330K	09/22	0.67 mi	13, St Johns Close, Potters Bar, Hertfordshire EN6 5PD	-	-	3	Flat
£408K	01/21	0.77 mi	11, Firs Wood Close, Potters Bar, Hertfordshire EN6 4BY	£5,589	73	3	Flat
£312K	11/20	1.51 mi	12, Cranborne Close, Potters Bar, Hertfordshire EN6 3AU	£4,333	72	3	Flat
£1.0M	02/21	2.5 mi	87, Camlet Way, Barnet, Greater London EN4 0NL	-	-	3	Flat
£540K	09/21	2.61 mi	59, Brookside Crescent, Cuffley, Potters Bar, Hertfordshire EN6 4QP	-	-	3	Flat

Local Rents

20 rents from £1.7K/mo to £2.8K/mo, average is £2K/mo.

Rent	Date	Distance	Address	Beds	Type
£2,395	03/25	0.08 mi	-	3	Semi-Detached House
£2,400	02/25	0.08 mi	-	3	Semi-Detached House
£2,750	12/24	0.11 mi	Torrington Drive, Potters Bar	3	Semi-Detached House
£1,700	04/25	0.28 mi	-	3	Terraced House
£1,800	04/24	0.3 mi	Hatfield Road, Potters Bar, Hertfordshire, EN6	3	Flat
£1,800	12/24	0.31 mi	Hatfield Road, Potters Bar, Herts	3	Flat
£1,975	04/24	0.44 mi	Frampton Road, Potters Bar	3	Terraced House
£2,200	04/24	0.6 mi	Park Avenue, Potters Bar, Hertfordshire, EN6	3	Bungalow
£2,200	04/24	0.65 mi	Oakmere Avenue, Potters Bar, EN6	3	Semi-Detached House
£2,000	04/24	0.78 mi	Albemarle Avenue, Potters Bar	3	Semi-Detached House
£1,950	04/24	0.8 mi	Mutton Lane, Potters Bar, Hertfordshire, EN6	3	Detached House
£2,600	12/24	0.83 mi	-	3	Detached House
£2,300	04/24	0.86 mi	Mutton Lane, Potters Bar, EN6	3	Semi-Detached House
£1,950	12/24	0.91 mi	-	3	Terraced House
£1,950	04/24	0.99 mi	Northaw Road West, EN6	3	Terraced House
£1,950	04/24	1.01 mi	Powis Court, Potters Bar, EN6	3	Terraced House
£1,950	12/24	1.01 mi	-	3	Terraced House
£1,950	04/24	1.16 mi	Laurel Avenue, Potters Bar, Hertfordshire, EN6	3	Semi-Detached House
£2,300	01/25	1.18 mi	-	3	Bungalow
£2,000	03/24	1.2 mi	Clive Close, Potters Bar, EN6	3	Terraced House

Local Area Statistics

Population in EN6	29,06729,067
Population in Potters Bar	29,07529,075
Town centre distance	0.69 miles away0.69 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	1.14 miles away1.14 miles away

Rental demand	Balanced marketBalanced market
Rental growth (12m)	+16%+16%
Sales demand	Buyer's marketBuyer's market
Capital growth (5yrs)	+14%+14%

Property History

Listed for £300,000

July 14, 2022

Floor Plans

Description

Three Bedrooms +
Sought After Location +
Share of Freehold + 970 Year Lease +
Garage En Bloc +
Recently Refurbished +
No Chain +
Close to Local Shops, Restaurants and Schools +
Close to Excellent Transport Links +
Communal Gardens +

* * CHAIN FREE * *

A spacious and RECENTLY REFURBISHED 3 BEDROOM flat situated on the Second (Top) Floor of this well favoured block in a sought after location off The Causeway in Potters Bar.

This modern apartment benefits from a long lease of 970 YEARS with SHARE OF FREEHOLD and is is well located for shops, restaurants and schools. This property also has the added benefits of Communal Gardens and Garage En-Bloc.

For more information and to arrange a viewing please contact Auckland Estates.

GARAGE EN BLOC

LONG LEASE OF 970 YEARS WITH SHARE OF FREEHOLD

CHAIN FREE

Agent Details

Auckland Estates Limited, Potters Bar

01707 241361

Next Steps?

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

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