3 Bed Semi-Detached House, Refurb/BRRR, Enfield, EN3 6TU, £450,000

Broadoak Avenue, Enfield, EN3 6TU - 2 views - 2 years ago

Sold STC
Refurb/BRRR
ROI: 2%
~87 m²
+9 photos

ValuationOvervalued

Sold Prices£269K - £607K
Sold Prices/m²£2.8K/m² - £7.3K/m²

 

 

Square Metres

~86.70 m²
Price/m²£5.2K/m²

Value Estimate

£421,858

 

 

End Value (After Refurb)

£435,470

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£112,500

Stamp Duty & Legal Fees

£24,700

Refurb Costs

£45,867

Bridging Loan Interest

£11,813

Total Cash In

£196,630

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£435,470

Mortgage (After Refinance)

£326,603

Mortgage LTV

75%

Cash Left In

£196,630

Equity

£108,868

Rent Range

£1,700 - £2,600

Rent Estimate

£2,043

Running Costs/mo

£1,789

Cashflow/mo

£254

Cashflow/yr

£3,043

ROI

2%

Gross Yield

5%

Local Sold Prices

50 sold prices from £269K to £607K, average is £427.5K. £2.8K/m² to £7.3K/m², average is £5.1K/m².

PriceDateDistanceAddressBeds 
£465K08/220.09 mi356, Green Street, Enfield, Greater London EN3 7SB3
£460K06/210.09 mi39, Brimsdown Avenue, Enfield, Greater London EN3 5EW3
£380K03/210.13 mi297, Carterhatch Road, Enfield, Greater London EN3 5DG3
£402K03/210.13 mi285, Carterhatch Road, Enfield, Greater London EN3 5DG3
£310K02/210.18 mi2, Sharon Road, Enfield, Greater London EN3 5DQ3
£442K06/210.18 mi257, Carterhatch Road, Enfield, Greater London EN3 5ED3
£510K07/220.22 mi18, Leyland Avenue, Enfield, Greater London EN3 5DH3
£410K03/210.24 mi31, Goldsdown Road, Enfield, Greater London EN3 7QZ3
£395K03/210.27 mi25, Fouracres, Enfield, Greater London EN3 5DR3
£465K06/210.3 mi23, Croft Road, Enfield, Greater London EN3 5HT3
£425K04/230.33 mi489, Alma Road, Enfield, Greater London EN3 7RT3
£510K06/210.33 mi467, Alma Road, Enfield, Greater London EN3 7RT3
£441.5K05/230.34 mi19, Greenwood Avenue, Enfield, Greater London EN3 5DN3
£424K07/230.35 mi24, Meads Road, Enfield, Greater London EN3 5HR3
£465K02/230.36 mi234, Green Street, Enfield, Greater London EN3 7NB3
£485K01/230.36 mi69, Greenwood Avenue, Enfield, Greater London EN3 5DU3
£360K03/210.37 mi216, Carterhatch Road, Enfield, Greater London EN3 5EB3
£377K02/210.37 mi177, Carterhatch Road, Enfield, Greater London EN3 5EB3
£400K10/220.37 mi177, Carterhatch Road, Enfield, Greater London EN3 5EB3
£465K11/220.38 mi228, Green Street, Enfield, Greater London EN3 7NB3
£460K06/230.39 mi441, Alma Road, Enfield, Greater London EN3 7RS3
£269K04/210.4 mi93, Greenwood Avenue, Enfield, Greater London EN3 5DX3
£450K02/230.41 mi5, Mayfield Road, Enfield, Greater London EN3 7LS3
£470K06/210.41 mi206, Carterhatch Road, Enfield, Greater London EN3 5LZ3
£450K03/230.41 mi45, Redlands Road, Enfield, Greater London EN3 5HN3
£515K11/210.41 mi35, Mayfield Road, Enfield, Greater London EN3 7LS3
£465K12/220.43 mi8, Avondale Crescent, Enfield, Greater London EN3 7RX3
£405K01/210.43 mi20, Westmoor Gardens, Enfield, Greater London EN3 7LQ3
£410K11/210.44 mi3, Westmoor Road, Enfield, Greater London EN3 7LE3
£418K06/230.44 mi10, Westmoor Road, Enfield, Greater London EN3 7LE3
£505K06/210.45 mi44, Ambleside Crescent, Enfield, Greater London EN3 7LY3
£445K02/210.47 mi2, Logan Close, Enfield, Greater London EN3 5NL3
£380K03/230.48 mi151, Greenwood Avenue, Enfield, Greater London EN3 5FD3
£410K01/210.51 mi19, Ian Square, Enfield, Greater London EN3 5ND3
£418K06/210.51 mi20, Castle Road, Enfield, Greater London EN3 5HP3
£500K12/200.52 mi154, Carterhatch Road, Enfield, Greater London EN3 5LX3
£398K08/210.53 mi119, Redlands Road, Enfield, Greater London EN3 5HW3
£438K11/220.53 mi121, Redlands Road, Enfield, Greater London EN3 5HW3
£355K04/210.56 mi20, Shaw Road, Enfield, Greater London EN3 5NE3
£395K08/210.57 mi22, Arbour Road, Enfield, Greater London EN3 7TX3
£414K07/230.57 mi185, Albany Park Avenue, Enfield, Greater London EN3 5NY3
£430K06/210.57 mi130, Albany Park Avenue, Enfield, Greater London EN3 5NY3
£503K12/220.59 mi31, Lansbury Road, Enfield, Greater London EN3 5NB3
£485K12/200.59 mi19, Exeter Road, Enfield, Greater London EN3 7TN3
£607K11/220.59 mi3, Ashford Crescent, Enfield, Greater London EN3 7HU3
£475K11/220.61 mi172, Albany Park Avenue, Enfield, Greater London EN3 5NZ3
£393.5K12/200.62 mi62, Carterhatch Road, Enfield, Greater London EN3 5LT3
£370K12/200.62 mi200, Albany Park Avenue, Enfield, Greater London EN3 5NZ3
£385K02/230.62 mi231, Albany Park Avenue, Enfield, Greater London EN3 5NZ3
£416K11/200.63 mi155, The Ride, Enfield, Greater London EN3 7EE3

Local Rents

15 rents from £1.7K/mo to £2.6K/mo, average is £2.3K/mo.

RentDateDistanceAddressBeds 
£1,90003/240.12 miBrimsdown Avenue, Enfield3
£2,40002/250.3 mi-3
£2,37504/240.34 miCarterhatch Road, Enfield, Greater London, EN3 5EA3
£1,90003/240.37 mi-3
£1,80004/240.38 miBowood Road, EN33
£1,95003/240.4 miWestmoor Gardens, Enfield3
£2,30004/250.41 mi-3
£1,85003/240.45 miThe Sunny Road, Enfield Highway, EN33
£2,30002/250.47 mi-3
£2,30004/250.47 mi-3
£2,60003/250.49 mi-3
£2,40004/250.49 mi-3
£1,70003/240.51 mi-3
£2,25004/240.52 miCarterhatch Road3
£2,10004/250.58 mi-3

Local Area Statistics

Population in EN3

55,687

Population in Enfield

130,248

Town centre distance

2.96 miles away

Nearest school

0.40 miles away

Nearest train station

1.93 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+5%

Sales demand

Seller's market

Capital growth (5yrs)

+20%

Property History

Listed for £450,000

July 18, 2023

Floor Plans

Description

  • Offered Chain Free +
  • 28ft Through Lounge +
  • Double Glazing & Gas Central Heating +
  • Walking Distance to all Amenities +
  • Off Street Parking & Garage +
  • Good Transport Links into London +

EQUITY ESTATE AGENTS are delighted to offer this CHAIN FREE Three Bedroom SEMI DETACHED family home located in a highly sought after turning. The property is situated within proximity to local Shops & Amenities and has great links to the A10, M25. Other benefits include a short walk away to WALTHAM CROSS Shopping Centre and Train Station that offers good links to TOTTENHAM HALE and LONDON LIVERPOOL STREET.

Benefits include a 28ft Through Lounge, 10ft Fitted Kitchen, First Floor Family Bathroom, Two Double Bedrooms and a Single Bedroom, Double Glazing, Gas Central Heating, Chain Free, Off-Street Parking, Garage to Rear, in need of some minor refurbishments. 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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