3 Bed Flat, Single Let, Enfield, EN3 5SF, £300,000

Cherry Road, ENFIELD, Greater London, EN3 5SF - 1 views - 2 years ago

Sold STC

Leasehold

BTL

ROI: 7%

~70 m²

+8 photos

ValuationOvervalued

Sold Prices	£208K - £925K
Sold Prices/m²	£2.5K/m² - £10.3K/m²

Square Metres	~69.50 m²
Price/m²	£4.3K/m²
Value Estimate	£263,488£263,488

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£75,000£75,000
Stamp Duty & Legal Fees	£12,700£12,700
Total Cash In	£87,700£87,700

Cash Out
Rent Range	£1,700 - £5,315£1,700 - £5,315
Rent Estimate	£1,794
Running Costs/mo	£1,316£1,316
Cashflow/mo	£478£478
Cashflow/yr	£5,732£5,732
ROI	7%7%
Gross Yield	7%7%

Local Sold Prices

32 sold prices from £208K to £925K, average is £302.5K. £2.5K/m² to £10.3K/m², average is £3.8K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£290K	02/23	0.4 mi	10a, Ordnance Road, Enfield, Greater London EN3 6BN	£3,800	76	3	Flat
£320K	10/21	0.41 mi	17, Old Road, Enfield, Greater London EN3 5XX	£3,784	85	3	Flat
£290K	11/22	0.7 mi	63, Ashton Road, Enfield, Greater London EN3 6DG	£3,867	75	3	Flat
£277K	06/21	0.77 mi	7, Yeomans Way, Enfield, Greater London EN3 5AP	£3,795	73	3	Flat
£265K	10/20	0.78 mi	8, Yeomans Way, Enfield, Greater London EN3 5AP	£3,193	83	3	Flat
£315K	11/22	1.33 mi	91, Fishers Close, Waltham Cross, Hertfordshire EN8 7NN	-	-	3	Flat
£285K	03/21	1.38 mi	70, Park Lane, Waltham Cross, Hertfordshire EN8 8AQ	£3,654	78	3	Flat
£320K	03/21	1.52 mi	26, Lancaster Road, Enfield, Greater London EN2 0AX	£4,507	71	3	Flat
£335K	01/21	1.66 mi	36, Cheviot Close, Enfield, Greater London EN1 3UZ	£4,036	83	3	Flat
£267.5K	09/21	1.68 mi	Flat 44, Westminster Court, Eleanor Way, Waltham Cross, Hertfordshire EN8 7SH	-	-	3	Flat
£320K	10/20	1.7 mi	20, Ermine Side, Enfield, Greater London EN1 1DD	£4,103	78	3	Flat
£265K	02/21	1.77 mi	64, Hadrians Ride, Enfield, Greater London EN1 1DG	£3,681	72	3	Flat
£420K	10/22	1.8 mi	Flat 1, Temple House, Old Park Ride, Waltham Cross, Hertfordshire EN7 5HY	-	-	3	Flat
£362K	06/21	1.84 mi	48, Beresford Gardens, Enfield, Greater London EN1 1NN	£5,487	66	3	Flat
£360K	06/21	1.84 mi	24, Beresford Gardens, Enfield, Greater London EN1 1NN	£5,373	67	3	Flat
£270K	03/21	1.87 mi	Flat 15, Reynolds House, Ayley Croft, Enfield, Greater London EN1 1XR	-	-	3	Flat
£307.5K	01/21	1.9 mi	60, St Marks Road, Enfield, Greater London EN1 1BE	£4,731	65	3	Flat
£282K	10/20	2.06 mi	11, Foxwood Chase, Waltham Abbey, Essex EN9 3YW	£4,029	70	3	Flat
£417.5K	02/21	2.11 mi	61, Kirkland Drive, Enfield, Greater London EN2 0RJ	£3,728	112	3	Flat
£299.9K	06/21	2.22 mi	7a, Causeyware Road, Edmonton, London, Greater London N9 8BP	-	-	3	Flat
£925K	08/21	2.49 mi	Flat 10, Holly Tree Lodge, The Ridgeway, Enfield, Greater London EN2 8QT	-	-	3	Flat
£465K	07/22	2.63 mi	46, Rugby Avenue, London, Greater London N9 9EP	-	-	3	Flat
£295K	10/20	2.7 mi	119, Bounces Road, London, Greater London N9 8LJ	£4,155	71	3	Flat
£331K	04/23	2.7 mi	350, Roundhills, Waltham Abbey, Essex EN9 1UQ	£3,378	98	3	Flat
£283K	02/21	2.7 mi	209, Bounces Road, London, Greater London N9 8LL	£3,369	84	3	Flat
£305K	10/23	2.7 mi	205, Bounces Road, London, Greater London N9 8LL	£3,427	89	3	Flat
£270K	11/20	2.71 mi	275, Bounces Road, London, Greater London N9 8LP	£2,967	91	3	Flat
£335K	11/23	2.76 mi	50, Picketts Lock Lane, London, Greater London N9 0AX	-	-	3	Flat
£250K	05/21	2.78 mi	82, Kingsley Avenue, Cheshunt, Waltham Cross, Hertfordshire EN8 9PR	£3,788	66	3	Flat
£268K	03/21	2.81 mi	60, Osward Place, London, Greater London N9 7EF	£3,116	86	3	Flat
£208K	06/23	2.81 mi	64, Osward Place, London, Greater London N9 7EF	£2,476	84	3	Flat
£328K	11/21	3 mi	137a, Church Street, London, Greater London N9 9RN	£10,250	32	3	Flat

Local Rents

45 rents from £1.7K/mo to £5.3K/mo, average is £2.2K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,750	04/24	0.09 mi	-	3	Semi-Detached House
£1,800	12/24	0.09 mi	-	3	Semi-Detached House
£1,800	04/24	0.15 mi	The Loning, Enfield	3	Terraced House
£2,000	04/24	0.15 mi	Longfield Avenue, EN3	3	Terraced House
£2,595	03/24	0.17 mi	Longfield Avenue, Enfield, EN3	3	Flat
£1,900	11/24	0.17 mi	-	3	Terraced House
£2,150	03/25	0.18 mi	-	3	Semi-Detached House
£2,500	04/24	0.21 mi	-	3	Terraced House
£2,100	03/24	0.23 mi	Elmore Road,	3	Detached House
£2,150	04/24	0.24 mi	-	3	Flat
£2,150	04/24	0.24 mi	Turkey Street, Enfield, EN3	3	Flat
£2,100	05/24	0.25 mi	-	3	Semi-Detached House
£2,500	03/25	0.25 mi	-	3	Terraced House
£2,400	03/25	0.26 mi	-	3	Terraced House
£5,315	04/24	0.32 mi	-	3	Semi-Detached House
£2,000	04/24	0.34 mi	Beaconsfield Road, EN3	3	Terraced House
£2,250	04/24	0.36 mi	Auckland Close, Enfield	3	Flat
£2,300	03/25	0.38 mi	-	3	Terraced House
£2,250	03/25	0.4 mi	-	3	Flat
£2,100	04/24	0.41 mi	-	3	Terraced House
£2,200	04/24	0.41 mi	Uckfield Road, Enfield, Middlesex	3	Terraced House
£2,500	04/24	0.43 mi	Enfield Mews, Ordnance Road, EN3	3	Detached House
£2,500	04/24	0.43 mi	Enfield Mews, Ordnance Road, EN3	3	Detached House
£2,300	04/24	0.43 mi	Enfield Mews, Ordnance Road, EN3	3	Flat
£2,200	03/25	0.43 mi	-	3	Terraced House
£3,350	03/24	0.44 mi	Ordnance Road, Enfield	3	Flat
£2,400	04/24	0.44 mi	Enfield Mews, Ordnance Road, EN3	3	Detached House
£2,600	03/25	0.45 mi	-	3	Terraced House
£2,400	03/25	0.45 mi	-	3	Terraced House
£2,300	02/25	0.47 mi	-	3	Terraced House
£2,025	02/25	0.47 mi	-	3	Terraced House
£2,500	03/24	0.47 mi	Stoneleigh Avenue, Enfield, EN1	3	Detached House
£1,700	03/24	0.49 mi	-	3	Terraced House
£1,850	03/24	0.49 mi	The Sunny Road, Enfield Highway, EN3	3	Flat
£1,950	01/25	0.49 mi	-	3	Flat
£2,200	04/24	0.49 mi	Aylands Road, Enfield EN3	3	Terraced House
£2,050	12/24	0.51 mi	-	3	Terraced House
£2,180	03/25	0.51 mi	-	3	Terraced House
£2,000	03/24	0.54 mi	Great Cambridge Road, Enfield, EN1	3	Flat
£2,200	05/24	0.54 mi	Aylands Road, Enfield EN3	3	Terraced House
£2,250	04/24	0.54 mi	Carterhatch Road	3	Detached House
£2,350	03/25	0.58 mi	-	3	Detached House
£2,100	04/24	0.6 mi	Putney Road, En3	3	Terraced House
£2,500	04/24	0.6 mi	Allandale Road, EN3	3	Terraced House
£1,950	03/24	0.61 mi	Westmoor Gardens, Enfield	3	Flat

Local Area Statistics

Population in EN3	55,68755,687
Population in Enfield	130,248130,248
Town centre distance	2.63 miles away2.63 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.39 miles away0.39 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+5%+5%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+20%+20%

Property History

Listed for £300,000

February 27, 2023

Floor Plans

Description

Three Good Size Bedrooms +
Double Glazing & Gas Central Heating +
14ft Lounge/Diner with Access to Balcony +
12ft Kitchen/Breakfast Room +
Lease - 91 Years Remaining +
Communal Grounds & Parking +

EQUITY ESTATE AGENTS are pleased to offer this SPACIOUS and WELL PRESENTED Three Bedroom FIRST FLOOR Flat Located just moments away from the Hertford Road. The property is within close proximity to Turkey Street station only 0.7 miles away which has good links into London. Short walk away to local Shops, Bus stops and Local Schools.

Benefits include a Spacious Lounge/Diner with access to a private Balcony, 12ft Kitchen with access to shared Balcony, Modern Bathroom Suite, Three Good Size Bedrooms, Double Glazing, Gas Central Heating, Security Entryphone System, Communal Grounds and Parking. Council Tax Band D

Agent Details

Equity Estate Agents, Enfield

020 3908 8521

Next Steps?

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

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