2 Bed Flat, Single Let, London, N9 0XN, £250,000

127 St Marks Road, Bush Hill Park, EN1 1BJ - 11 views - 2 years ago

Leasehold

BTL

ROI: 10%

~68 m²

+4 photos

ValuationUndervalued

Sold Prices	£222.5K - £315K
Sold Prices/m²	£3.9K/m² - £6K/m²

Square Metres	~68.11 m²
Price/m²	£3.7K/m²
Value Estimate	£312,500£312,500
BMV	25%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£62,500£62,500
Stamp Duty & Legal Fees	£8,700£8,700
Total Cash In	£71,200£71,200

Cash Out
Rent Range	£1,500 - £4,000£1,500 - £4,000
Rent Estimate	£1,712
Running Costs/mo	£1,144£1,144
Cashflow/mo	£568£568
Cashflow/yr	£6,820£6,820
ROI	10%10%
Gross Yield	8%8%

Local Sold Prices

42 sold prices from £222.5K to £315K, average is £261K. £3.9K/m² to £6K/m², average is £4.8K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£240K	04/21	0.02 mi	30, Pentland Close, London, Greater London N9 0XN	£4,898	49	2	Flat
£240K	04/21	0.02 mi	30, Pentland Close, London, Greater London N9 0XN	£4,898	49	2	Flat
£225K	04/21	0.02 mi	32, Buxton Close, London, Greater London N9 0XL	-	-	2	Flat
£257K	10/22	0.05 mi	14, Hennessy Road, London, Greater London N9 0XQ	-	-	2	Flat
£240K	10/22	0.05 mi	6, Hennessy Road, London, Greater London N9 0XQ	-	-	2	Flat
£240K	10/23	0.08 mi	96, Hudson Way, Edmonton, London, Greater London N9 0XG	£4,444	54	2	Flat
£248K	05/21	0.08 mi	114, Hudson Way, London, Greater London N9 0XG	£4,206	59	2	Flat
£247.5K	06/21	0.08 mi	21, Hennessy Road, London, Greater London N9 0XA	-	-	2	Flat
£253K	05/21	0.23 mi	35, Martin Close, London, Greater London N9 8UE	£3,953	64	2	Flat
£248K	06/21	0.34 mi	201, St Marys Road, Edmonton, London, Greater London N9 8NR	£3,992	62	2	Flat
£275K	03/22	0.62 mi	41, Jeremys Green, London, Greater London N18 2NB	£4,260	65	2	Flat
£257.5K	09/21	0.69 mi	42, Grilse Close, London, Greater London N9 0UU	£4,952	52	2	Flat
£278K	10/22	0.72 mi	13, Sawyer Close, London, Greater London N9 9XP	£6,043	46	2	Flat
£262.5K	04/21	0.78 mi	62, Milestone Close, London, Greater London N9 9GA	£4,953	53	2	Flat
£273.5K	07/21	0.78 mi	17, Ruskin Walk, London, Greater London N9 9DT	£3,907	70	2	Flat
£226K	01/21	0.79 mi	124, Croyland Road, London, Greater London N9 7BD	£3,965	57	2	Flat
£270K	12/22	0.83 mi	27, Beechwood Mews, London, Greater London N9 9XH	£4,762	57	2	Flat
£250K	09/23	0.83 mi	31, Beechwood Mews, London, Greater London N9 9XH	£4,545	55	2	Flat
£250K	01/21	0.83 mi	15, Beechwood Mews, London, Greater London N9 9XH	£4,604	54	2	Flat
£290K	03/23	0.83 mi	29, Beechwood Mews, London, Greater London N9 9XH	£5,257	55	2	Flat
£262K	05/21	0.85 mi	Flat 4, Romany House, Beaconsfield Road, London, Greater London N9 0PY	-	-	2	Flat
£222.5K	10/20	0.86 mi	119, Croyland Road, London, Greater London N9 7BH	-	-	2	Flat
£303K	09/22	0.86 mi	17, Lichfield Road, London, Greater London N9 9HD	£5,203	58	2	Flat
£277K	03/21	0.87 mi	70, Sandhurst Road, London, Greater London N9 8BJ	£5,130	54	2	Flat
£277K	05/21	0.87 mi	36, Sandhurst Road, London, Greater London N9 8BJ	£5,653	49	2	Flat
£285K	02/23	0.87 mi	80, Sandhurst Road, London, Greater London N9 8BJ	£5,089	56	2	Flat
£274.5K	06/21	0.87 mi	84, Sandhurst Road, London, Greater London N9 8BJ	-	-	2	Flat
£280K	02/23	0.87 mi	89, Church Lane, London, Greater London N9 9QA	£4,000	70	2	Flat
£250K	01/22	0.9 mi	56, Leopold Road, London, Greater London N18 2HX	£4,237	59	2	Flat
£270K	11/21	0.9 mi	50, Leopold Road, London, Greater London N18 2HX	-	-	2	Flat
£315K	06/21	0.9 mi	99, Sandhurst Road, London, Greater London N9 8BA	-	-	2	Flat
£280K	10/23	0.9 mi	57, Sandhurst Road, London, Greater London N9 8BA	-	-	2	Flat
£280K	09/21	0.9 mi	49, Sandhurst Road, London, Greater London N9 8BA	£4,667	60	2	Flat
£258K	12/20	0.91 mi	21, All Saints Close, London, Greater London N9 9AT	£4,868	53	2	Flat
£315K	10/23	0.93 mi	16a, Sunnyside Road North, London, Greater London N9 9SW	-	-	2	Flat
£265K	07/22	0.95 mi	28, Herne Mews, London, Greater London N18 2QZ	-	-	2	Flat
£277K	11/20	0.98 mi	21, Kennedy Avenue, Enfield, Greater London EN3 4PA	£4,946	56	2	Flat
£263K	09/21	0.98 mi	128, Mandeville Court, London, Greater London E4 8JD	-	-	2	Flat
£253K	03/21	1 mi	29, Mandeville Court, Chingford, London, Greater London E4 8JB	£4,081	62	2	Flat
£260K	03/23	1 mi	36, Mandeville Court, Chingford, London, Greater London E4 8JB	£5,778	45	2	Flat
£253K	03/21	1 mi	29, Mandeville Court, Chingford, London, Greater London E4 8JB	£4,081	62	2	Flat
£245K	02/22	1 mi	6, Inverness Road, London, Greater London N18 2EE	£5,000	49	2	Flat

Local Rents

21 rents from £1.5K/mo to £4K/mo, average is £1.8K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,500	01/25	0.13 mi	-	2	Flat
£1,850	12/24	0.2 mi	-	2	Flat
£1,850	12/24	0.2 mi	-	2	Flat
£1,790	02/25	0.21 mi	-	2	Flat
£1,800	03/25	0.23 mi	-	2	Terraced House
£1,550	05/24	0.24 mi	Bunting Close, London, N9	2	Flat
£1,950	07/24	0.33 mi	Town Road London N9	2	Terraced House
£2,200	01/25	0.34 mi	-	2	Terraced House
£1,700	05/24	0.37 mi	-	2	Terraced House
£1,850	01/25	0.4 mi	-	2	Terraced House
£1,749	06/24	0.46 mi	-	2	Flat
£1,749	07/24	0.46 mi	-	2	Flat
£1,749	12/24	0.46 mi	-	2	Flat
£1,800	12/24	0.47 mi	-	2	Terraced House
£1,900	01/25	0.48 mi	-	2	Flat
£1,900	02/25	0.48 mi	-	2	Flat
£1,650	01/25	0.5 mi	-	2	Flat
£4,000	05/24	0.56 mi	-	2	Flat
£1,690	01/25	0.6 mi	-	2	Flat
£1,850	05/24	0.6 mi	-	2	Flat
£1,850	06/24	0.6 mi	-	2	Flat

Local Area Statistics

Population in N9	51,42251,422
Population in London	4,771,9214,771,921
Town centre distance	7.29 miles away7.29 miles away
Nearest school	0.30 miles away0.30 miles away
Nearest train station	0.74 miles away0.74 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+26%+26%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+12%+12%

Property History

Listed for £250,000

August 14, 2023

Sold for £155,000

2005

Sold for £109,950

2001

Description

Communal Garden +
Allocated parking +
Economy 7 Heating +
2 Double Bedrooms +
Laminate Flooring +

RENTAL INVESTMENT OPPORTUNITY - Andrew Stevens are pleased to offer this very well maintained two bedroom flat situated on the second floor of a modern purpose built block. This property benefits from allocated parking space, economy 7 heating, laminate flooring, generous size bedrooms and a fully fitted kitchen. Viewings highly recommended.

Bedroom 1 - 4.27m x 2.51m (14 x 8'3) - Laminate flooring, doubled glazed window to rear aspect, TV point, power points, fitted wardrobe, telephone point and electric heater.

Bedroom 2 - 2.67m x 3.23m (8'9 x 10'7) - Laminate flooring, doubled glazed window to rear aspect, TV point, power points, fitted wardrobe, telephone point and electric heater.

Bathroom - 2.06m x 1.63m (6'9 x 5'4) - Lino flooring, heated towel rail, extractor fan, paneled bath with shower mixer tap and a Triton electric shower, pedestal and wash basin with mixer tap, low flush WC, partly filed walls, globe light.

Hallway - Laminate flooring, two storage cupboards, smoke alarm, access to loft, electric storage heater, entry phone system.

Reception - 5.38m x 3.05m (17'8 x 10) - Laminate flooring, power points, doubled glazed window to side and rear aspect, telephone point, electric storage heater. Arch leading into kitchen.

Kitchen - 2.31m x 2.36m (7'7 x 7'9) - A range of wall and base units, partly tiled walls, double glazed window to front aspect, electric oven and hob, power points, stainless steel sink with mixer tap, plumbed for washing machine, extractor hood.