3 Bed Flat, Refurb/BRRR, London, N17 9HR, £350,000

19 Devon Close, Tottenham - 4 views - 3 years ago

Leasehold
Refurb/BRRR
ROI: 8%
74 m²
+6 photos

ValuationFair Value

Sold Prices£283K - £850K
Sold Prices/m²£3.3K/m² - £9.7K/m²

 

 

Square Metres

74 m²
Price/m²£4.7K/m²

Value Estimate

£350,000

 

 

End Value (After Refurb)

£473,256

Uplift in Value

+35%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£87,500

Stamp Duty & Legal Fees

£16,700

Refurb Costs

£39,148

Bridging Loan Interest

£9,188

Total Cash In

£154,286

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£473,256

Agent Fees (1%)

£4,733

Bridging Loan

£262,500

Bridging Loan Interest

£9,188

Flip Profit

£51,737

Local Sold Prices

51 sold prices from £283K to £850K, average is £500K. £3.3K/m² to £9.7K/m², average is £6.5K/m².

PriceDateDistanceAddressBeds 
£442K02/230.5 miGround Floor Flat, 131, Mount Pleasant Road, London, Greater London N17 6TQ3
£435K04/210.53 mi16, Reedham Close, London, Greater London N17 9PT3
£475K01/210.63 mi113, Lansdowne Road, London, Greater London N17 0NN3
£475K12/200.68 mi54, Handsworth Road, London, Greater London N17 6DE3
£515K03/210.69 mi33, Southey Road, London, Greater London N15 5LJ3
£515K03/210.79 mi33, Southey Road, London, Greater London N15 5LJ3
£470K03/211.1 mi66a, Abbotsford Avenue, London, Greater London N15 3BS3
£540K12/201.14 mi60b, Rusper Road, London, Greater London N22 6RA3
£566K11/221.2 mi5, Manchester Road, London, Greater London N15 6HP3
£587.5K06/211.22 mi20, Manchester Road, London, Greater London N15 6HP3
£490K03/211.25 mi14, Heysham Road, London, Greater London N15 6HL3
£515K06/211.25 mi125, Sirdar Road, London, Greater London N22 6QS3
£500K01/211.26 mi5, Heysham Road, London, Greater London N15 6HL3
£458K01/211.29 mi75, Cornwallis Road, London, Greater London E17 6NL3
£330K08/221.29 mi182, Langhedge Lane, London, Greater London N18 2TJ3
£350K06/211.3 mi88, Tiverton Road, London, Greater London N15 6RR3
£431.5K12/221.36 mi246, Lymington Avenue, London, Greater London N22 6JN3
£505K09/211.38 mi33a, Carlingford Road, London, Greater London N15 3EJ3
£357K10/201.4 mi214, Lymington Avenue, London, Greater London N22 6JH3
£515K01/231.41 mi163a, Harringay Road, London, Greater London N15 3HP3
£445K04/211.42 mi21, Chewton Road, London, Greater London E17 7DW3
£555K06/211.43 mi91a, Harringay Road, London, Greater London N15 3HU3
£416K08/211.45 mi10a, Claremont Road, London, Greater London E17 5RJ3
£703K12/201.45 mi50a, Cranwich Road, London, Greater London N16 5JN3
£470K01/241.49 miLincoln Court, Flat 99, Bethune Road, London, Greater London N16 5EA3
£625K12/211.51 mi116, Warner Road, London, Greater London E17 7DZ3
£460K03/211.53 miFlat 31, Carlton Mansions, Holmleigh Road, London, Greater London N16 5PX3
£500K08/231.53 miFlat 39, Carlton Mansions, Holmleigh Road, London, Greater London N16 5PX3
£820K02/211.6 mi98a, Bethune Road, London, Greater London N16 5BA3
£302K12/211.66 mi6, Dorrit Mews, London, Greater London N18 1PB3
£283K04/231.66 mi29, Copperfield Mews, London, Greater London N18 1PE3
£390K11/201.66 mi22, Acacia Road, London, Greater London N22 5SB3
£850K03/211.7 mi20, Hewitt Road, London, Greater London N8 0BL3
£555K12/201.72 mi64b, Seymour Road, London, Greater London N8 0BE3
£440K11/201.72 mi23, Hermitage Road, London, Greater London N4 1DF3
£480K12/201.73 mi670a, Lordship Lane, London, Greater London N22 5JJ3
£550K11/201.75 miFlat A, 28, Pemberton Road, London, Greater London N4 1AZ3
£830K03/241.75 miWaterside Apartments, Flat 51, Goodchild Road, London, Greater London N4 2AJ3
£785K03/241.75 miWaterside Apartments, Flat 39, Goodchild Road, London, Greater London N4 2AJ3
£520K11/201.76 miGround Floor Flat, 28, Alexandra Road, Hornsey, London, Greater London N8 0PP3
£540K11/201.77 mi82b, Erskine Road, Walthamstow, London, Greater London E17 6SA3
£352.5K10/231.77 mi14c, Cavendish Road, London, Greater London N4 1RT3
£510K06/211.78 mi209, Wightman Road, London, Greater London N8 0BA3
£300K11/201.79 mi26, Folkestone Road, London, Greater London N18 2EN3
£441.8K08/211.81 mi20, Bakers Hill, London, Greater London E5 9HL3
£441.8K08/211.81 mi20, Bakers Hill, London, Greater London E5 9HL3
£522K01/231.82 mi56, North Countess Road, London, Greater London E17 5HT3
£585K10/231.82 mi34a, Umfreville Road, London, Greater London N4 1SB3
£500K03/211.82 mi44, North Countess Road, London, Greater London E17 5HT3
£535K09/211.83 mi46, Mersey Road, London, Greater London E17 5LB3
£580K02/231.83 mi68, Mersey Road, London, Greater London E17 5LB3

Local Rents

51 rents from £2K/mo to £4K/mo, average is £3.4K/mo.

RentDateDistanceAddressBeds 
£2,00002/240.04 mi-3
£2,10002/240.04 mi-3
£2,35005/240.05 miScales Road, Tottenham, London3
£4,00001/250.06 mi-3
£3,00003/250.06 mi-3
£2,50005/240.13 mi-3
£2,50005/240.13 mi-3
£2,70005/240.13 mi-3
£2,20002/250.13 mi-3
£2,60003/250.14 mi-3
£2,00012/240.23 mi-3
£2,15003/250.23 mi-3
£3,58005/240.23 miAshley Road, London, N173
£3,58005/240.23 miAshley Road, London, N173
£3,58005/240.23 miAshley Road, London, N173
£3,60006/240.23 miAshley Road, London, N173
£3,60006/240.23 miAshley Road, London, N173
£3,61012/240.23 miAshley Road, London, N173
£3,60012/240.23 miAshley Road, London, N173
£3,82005/240.24 miThe Sessile, 18 Ashley Road, London, N17 9NT3
£3,69505/240.24 miThe Sessile, 18 Ashley Road, London, N17 9NW3
£3,80005/240.24 miThe Sessile, 18 Ashley Road, London, N17 9NT3
£3,61006/240.24 miThe Sessile, 18 Ashley Road, London, N17 9ZS3
£3,75506/240.24 miThe Sessile, 18 Ashley Road, London, N17 9ZS3
£3,58005/240.24 miAshley Road, London, N173
£3,58005/240.26 miThe Sessile, 18 Ashley Road, Tottenham Hale N173
£3,59005/240.26 miThe Sessile, 18 Ashley Road, Tottenham Hale N173
£3,53506/240.26 miAshley Road Tottenham Hale N173
£2,50005/240.27 mi-3
£3,60006/240.27 miAshley Road, London N17 9NW3
£3,78505/240.27 miSessile Apartments, Tottenham, London, N173
£3,72505/240.27 miSessile Apartments, Tottenham, London, N173
£3,38006/240.28 miAshley Road, London N17 9NW3
£3,38006/240.28 miAshley Road, London N17 9NW3
£3,38006/240.28 miAshley Road, London N17 9NW3
£2,20005/240.28 miThackeray Avenue, Tottenham, London, N173
£2,99512/240.28 mi-3
£2,20012/240.28 miArnold Road, London, N153
£3,38006/240.3 miAshley Road, London N17 9NW3
£3,34505/240.32 miThe Gessner, 3 Watermead Way, Tottenham Hale, N17 9QZ3
£3,49506/240.32 miThe Gessner, 3 Watermead Way, Tottenham Hale, N17 9QZ3
£3,49506/240.33 miThe Gessner, Ashley Road, N17 9NW3
£3,35006/240.33 miThe Gessner, Ashley Road, N17 9NW3
£2,50002/240.36 mi-3
£2,25012/240.37 mi-3
£2,25012/240.37 miPark View Road, London, N173
£2,45003/240.37 miGreyhound Road, London, N173
£2,85002/250.37 mi-3
£2,50006/240.38 miSt. Andrews Court, Scotland Green, Tottenham, N173
£2,10012/240.38 mi-3
£2,50003/240.38 miPark View Road, London, N173

Local Area Statistics

Population in N17

62,843

Population in London

4,771,921

Town centre distance

4.69 miles away

Nearest school

0.10 miles away

Nearest train station

0.21 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+3%

Sales demand

Balanced market

Capital growth (5yrs)

+14%

Property History

Listed for £350,000

October 7, 2022

Floor Plans

Description

  • Three Bedroom Flat +
  • First Floor +
  • In Need of Modernisation +
  • Fitted Kitchen +
  • Storage Space Throughout +
  • Private Balcony +
  • Cul-De-Sac location +
  • Excellent Location +
  • Short Walking Distance to Tottenham Hale Station +
  • Awaiting EPC Rating +

Kings Group are pleased to present this three bedroom first floor flat located in a quiet cul-de-sac minutes away from Tottenham Hale Station. The property is in need of modernisation and benefits from plenty of storage space throughout with additional storage next to the entrance of the property. The property benefits from one large spacious reception room, fitted kitchen leading to a private balcony, three double bedrooms and a two piece family bathroom suite with separate W/C. This property has great potential to become a family home or investment opportunity.

Situated minutes away from Tottenham Hale Train and Bus Station, the excellent transport links provides easy access into Central London and the surrounding areas. Tottenham Hale connects local residents to Stratford and Liverpool, with the fast train taking only 15 minutes (Overground), Stansted Airport (Stansted Express) and Central London (Victoria Line). Tottenham Retail Park is moments away with plenty of shops, restaurants and convenience stores. Regeneration is currently taking place in the area with the station and stadium under refurbishment and the proposed Crossrail 2 project passing through the station.

Agent Details

Kings Group, Tottenham

020 3870 6388

Next Steps?

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