ValuationUndervalued

Sold Prices	£685K - £1.3M
Sold Prices/m²	£4.5K/m² - £9.1K/m²

Square Metres	~312.43 m²
Price/m²	£4.8K/m²
Value Estimate	£1,810,159£1,810,159
BMV	21%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£375,000£375,000
Stamp Duty & Legal Fees	£137,450£137,450
Total Cash In	£512,450£512,450

Cash Out
Room Rate	£916£916
Gross Rent	£8,244
Running Costs/mo	£7,755£7,755
Cashflow/mo	£489£489
Cashflow/yr	£5,869£5,869
ROI	1%1%
Gross Yield	7%7%

Local Sold Prices

50 sold prices from £685K to £1.3M, average is £845K. £4.5K/m² to £9.1K/m², average is £5.8K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£735K	10/22	0.12 mi	26, Palmerston Crescent, London, Greater London N13 4UA	-	-	4	Semi-Detached House
£720K	11/22	0.12 mi	54, Palmerston Crescent, London, Greater London N13 4UA	-	-	4	Terraced House
£690.5K	03/24	0.15 mi	69, The Grove, London, Greater London N13 5LD	£4,634	149	4	Semi-Detached House
£890K	11/23	0.15 mi	73, The Grove, London, Greater London N13 5LD	£6,403	139	4	Semi-Detached House
£722K	07/21	0.16 mi	4, Riverway, London, Greater London N13 5LJ	£5,685	127	4	Terraced House
£688K	10/24	0.18 mi	9, Devonshire Road, Southgate N13 4QU	£5,212	132	4	Terraced House
£900K	10/22	0.19 mi	57, Broomfield Avenue, London, Greater London N13 4JR	-	-	4	Semi-Detached House
£708K	08/23	0.21 mi	63, Palmerston Crescent, London, Greater London N13 4UD	-	-	4	Semi-Detached House
£895.5K	07/23	0.21 mi	71, Palmerston Crescent, London, Greater London N13 4UD	-	-	4	Detached House
£798K	09/23	0.23 mi	49, Devonshire Road, Palmers Green, London, Greater London N13 4QU	-	-	4	Terraced House
£798K	11/22	0.24 mi	80, Riverway, London, Greater London N13 5JX	£5,782	138	4	Terraced House
£805K	12/24	0.24 mi	54, The Grove, London, Greater London N13 5JR	£7,385	109	4	Terraced House
£860K	07/23	0.25 mi	96, Broomfield Avenue, London, Greater London N13 4JP	£7,167	120	4	Terraced House
£1.1M	02/25	0.25 mi	99, Broomfield Avenue, London, Greater London N13 4JR	£5,500	200	4	Terraced House
£865K	08/22	0.25 mi	97, Broomfield Avenue, London, Greater London N13 4JR	£5,805	149	4	Semi-Detached House
£877K	05/25	0.25 mi	11, Hamilton Crescent, London N13 5LN	£6,449	136	4	Semi-Detached House
£877K	05/25	0.25 mi	11, Hamilton Crescent, London N13 5LN	-	-	4	Semi-Detached House
£1.0M	12/22	0.29 mi	13, Broomfield Lane, London, Greater London N13 4HB	-	-	4	Semi-Detached House
£685K	05/23	0.3 mi	11, Hazelwood Lane, London, Greater London N13 5EZ	£7,446	92	4	Terraced House
£1.2M	10/22	0.3 mi	37, Old Park Road, London, Greater London N13 4RG	-	-	4	Semi-Detached House
£791K	11/22	0.3 mi	42, Hamilton Crescent, London, Greater London N13 5LW	-	-	4	Terraced House
£750K	04/23	0.3 mi	55, Hawthorn Avenue, London, Greater London N13 4JS	£7,500	100	4	Terraced House
£1.3M	07/23	0.35 mi	19, Grovelands Road, London, Greater London N13 4RJ	£6,599	197	4	Semi-Detached House
£852K	11/21	0.39 mi	44, Kingsley Road, London, Greater London N13 5PL	£7,540	113	4	Terraced House
£900K	02/24	0.39 mi	56, Park Avenue, Palmers Green, London, Greater London N13 5PF	-	-	4	Terraced House
£870K	11/22	0.4 mi	36, Park Avenue, Palmers Green, London, Greater London N13 5PF	-	-	4	Terraced House
£815K	01/25	0.4 mi	58, Kelvin Avenue, London, Greater London N13 4TG	£5,191	157	4	Terraced House
£850K	10/23	0.4 mi	26, Kelvin Avenue, London, Greater London N13 4TG	£8,791	97	4	Terraced House
£1.2M	02/23	0.41 mi	41, Lakeside Road, London, Greater London N13 4PS	£7,500	160	4	Semi-Detached House
£930K	01/23	0.43 mi	11, Windsor Road, London, Greater London N13 5PP	£5,886	158	4	Semi-Detached House
£840K	06/25	0.44 mi	55, New River Crescent, London N13 5RD	£5,350	157	4	Terraced House
£840K	06/25	0.44 mi	55, New River Crescent, London N13 5RD	-	-	4	Terraced House
£697.5K	05/21	0.44 mi	29, Windsor Road, London, Greater London N13 5PP	-	-	4	Semi-Detached House
£720K	06/21	0.45 mi	40, New River Crescent, London, Greater London N13 5RF	£4,528	159	4	Terraced House
£1.0M	06/21	0.46 mi	110, Powys Lane, London, Greater London N13 4HR	-	-	4	Semi-Detached House
£860K	07/23	0.47 mi	55, Belsize Avenue, London, Greater London N13 4TL	£9,053	95	4	Terraced House
£1.1M	09/21	0.48 mi	14, Ulleswater Road, London, Greater London N14 7BS	£6,667	159	4	Detached House
£1.0M	03/23	0.48 mi	46, Ulleswater Road, London, Greater London N14 7BS	-	-	4	Semi-Detached House
£837.5K	03/24	0.49 mi	28, Osborne Road, London, Greater London N13 5PS	£5,301	158	4	Semi-Detached House
£1.1M	12/22	0.49 mi	9, Ulleswater Road, London, Greater London N14 7BL	-	-	4	Semi-Detached House
£840K	03/25	0.5 mi	49, Berkshire Gardens, London N13 6AA	£6,512	129	4	Semi-Detached House
£855K	06/21	0.5 mi	17, Doveridge Gardens, London, Greater London N13 5BJ	£4,597	186	4	Semi-Detached House
£717.5K	03/25	0.5 mi	32, Spencer Avenue, Southgate N13 4TR	£5,199	138	4	Terraced House
£717.5K	03/25	0.5 mi	32, Spencer Avenue, Southgate N13 4TR	-	-	4	Terraced House
£875K	08/23	0.5 mi	4, Spencer Avenue, London, Greater London N13 4TR	-	-	4	Terraced House
£1.0M	07/24	0.5 mi	101, Derwent Road, London, Greater London N13 4QA	£6,217	166	4	Semi-Detached House
£740K	10/24	0.51 mi	29, Moffat Road, London N13 4SA	£5,000	148	4	Terraced House
£825K	04/22	0.51 mi	153, Powys Lane, London N13 4NS	£5,255	157	4	Detached House
£825K	04/22	0.51 mi	153, Powys Lane, London N13 4NS	-	-	4	Detached House
£714.8K	12/23	0.51 mi	26, Berkshire Gardens, London, Greater London N13 6AB	£5,628	127	4	Terraced House

Local Area Statistics

Population in N13	31,68131,681
Population in London	4,771,9214,771,921
Town centre distance	6.07 miles away6.07 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	0.17 miles away0.17 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	-4%-4%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+14%+14%

Property History

Listed for £1,500,000

December 7, 2022

Floor Plans

Description

*Investment Opportunity**
This property is a three-story Edwardian built semi-detached house with provisions for off street parking to front and access to rear garden.
Currently the property is arranged as a house of multiple occupancy and is converted into 9 separate units with a mixture of self-contained studios and small 1-bedroom flats.
All the units have independent electrical supply, separately metered and gas supply for the whole building.
Currently all the units are Let out on 1 year AST and provide a monthly income in the region of £8245.00pcm ( some rents have increased since).
The property can also be purchased with the neighbouring property (both buildings mirror each other).
Located on Green Lanes N13 , (Borough Of Enfield) and within proximity to local shops, schools, bus links and Palmers Green Mainline into Moorgate.
The semi-detached property next door is also for sale for investment.

Agent Details

Anthony Pepe Estate Agents, Palmers Green

020 3897 2950

Next Steps?

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

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