2 Bed Flat, Single Let, Enfield, EN2 8NS, £350,000

The Ridgeway, London, EN2 8NS - 2 years ago

Under Offer
Leasehold
BTL
ROI: 1%
~59 m²
+8 photos

ValuationOvervalued

Sold Prices£112K - £665K
Sold Prices/m²£4.6K/m² - £6.7K/m²

 

 

Square Metres

~59.10 m²
Price/m²£5.9K/m²

Value Estimate

£339,429

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£87,500

Stamp Duty & Legal Fees

£23,700

Total Cash In

£111,200

 

 

Cash Out

 

Rent Range

£1,400 - £2,695

Rent Estimate

£1,550

Running Costs/mo

£1,424

Cashflow/mo

£126

Cashflow/yr

£1,515

ROI

1%

Gross Yield

5%

Local Sold Prices

50 sold prices from £112K to £665K, average is £323.5K. £4.6K/m² to £6.7K/m², average is £5.8K/m².

PriceDateDistanceAddressBeds 
£320K01/210.07 mi27a, The Ridgeway, Enfield, Greater London EN2 8PB2
£360K04/210.1 mi5d, Glebe Avenue, Enfield, Greater London EN2 8NZ2
£345K11/200.15 mi4, Millers Green Close, Enfield, Greater London EN2 7BD2
£412.5K07/230.17 mi11, Hermitage Close, Enfield, Greater London EN2 8EL2
£320K04/210.19 mi9, Canford Close, Enfield, Greater London EN2 8QN2
£257K01/230.21 mi67b, Windmill Hill, Enfield, Greater London EN2 7AF2
£325K03/210.22 mi91, Chase Green Avenue, Enfield, Greater London EN2 8EN2
£565K12/200.26 miFlat 2, Mountford House, Crescent Road, Enfield, Greater London EN2 7BL2
£364K09/210.28 mi27b, Chase Green Avenue, Enfield, Greater London EN2 8EA2
£367K05/230.28 mi27, Monks Close, Enfield, Greater London EN2 8DZ2
£420K04/230.29 mi29, Florence Drive, Enfield, Greater London EN2 8DG2
£295K03/230.29 mi48, Waverley Road, Enfield, Greater London EN2 7AQ2
£340K12/200.29 mi46, Waverley Road, Enfield, Greater London EN2 7AQ2
£347.5K02/230.29 mi13, West Bank, Enfield, Greater London EN2 8DU2
£500K06/230.3 miFlat 13, Claremont Heights, Crescent Road, Enfield, Greater London EN2 7RY2
£360K06/230.31 mi10, Englefield Close, Enfield, Greater London EN2 7QD2
£290K08/210.31 miFlat 73, Ingleborough, Cavell Drive, Enfield, Greater London EN2 7PR2
£250K03/210.32 miFlat 16, Ingleborough, Cavell Drive, Enfield, Greater London EN2 7PR2
£260K08/210.32 miFlat 50, Ingleborough, Cavell Drive, Enfield, Greater London EN2 7PR2
£280K01/230.32 miFlat 85, Ingleborough, Cavell Drive, Enfield, Greater London EN2 7PR2
£395K06/210.32 mi9, Mcadam Drive, Enfield, Greater London EN2 8PS2
£285K03/210.32 mi53, Gladbeck Way, Enfield, Greater London EN2 7EL2
£665K06/210.34 mi31, The Coppice, Enfield, Greater London EN2 7BX2
£395K12/200.34 mi22, Chase Ridings, Enfield, Greater London EN2 7QF2
£365K06/230.34 mi31, Chase Ridings, Enfield, Greater London EN2 7QF2
£305K03/210.39 mi175, Gladbeck Way, Enfield, Greater London EN2 7EW2
£412.5K01/210.41 mi4, Windmill Hill, Enfield, Greater London EN2 6SA2
£317.5K03/230.43 mi73, Crofton Way, Enfield, Greater London EN2 8HR2
£315K03/230.45 mi52, John Gooch Drive, Enfield, Greater London EN2 8HG2
£300K01/210.45 mi60, John Gooch Drive, Enfield, Greater London EN2 8HG2
£360K10/220.45 mi58, Crofton Way, Enfield, Greater London EN2 8HS2
£338K11/220.45 mi64, Crofton Way, Enfield, Greater London EN2 8HS2
£520K05/210.46 mi75a, Chase Side, Enfield, Greater London EN2 6NL2
£315K10/200.46 mi17b, Links Side, Enfield, Greater London EN2 7QT2
£340K11/220.46 mi19, Links Side, Enfield, Greater London EN2 7QT2
£310K12/220.47 mi1, Woodridge Close, Enfield, Greater London EN2 8HJ2
£315K03/210.48 mi6, Woodridge Close, Enfield, Greater London EN2 8HJ2
£316K01/230.48 mi2, Woodridge Close, Enfield, Greater London EN2 8HJ2
£315K03/210.48 mi6, Woodridge Close, Enfield, Greater London EN2 8HJ2
£297K06/210.48 mi4, Kirkland Drive, Enfield, Greater London EN2 0RT2
£297.5K02/210.52 mi123, Kirkland Drive, Enfield, Greater London EN2 0RJ2
£328K12/200.52 mi155, Kirkland Drive, Enfield, Greater London EN2 0RJ2
£315K08/210.54 mi107, Kirkland Drive, Enfield, Greater London EN2 0RJ2
£320K11/220.54 mi115, Kirkland Drive, Enfield, Greater London EN2 0RJ2
£303K10/210.55 mi129, Kirkland Drive, Enfield, Greater London EN2 0RJ2
£420K06/210.56 mi30a, Little Park Gardens, Enfield, Greater London EN2 6PG2
£112K01/230.61 mi70, Parsonage Lane, Enfield, Greater London EN2 0AH2
£322K04/210.61 mi96a, Gordon Hill, Enfield, Greater London EN2 0QS2
£402K04/210.64 mi3, Shooters Road, Enfield, Greater London EN2 8RN2
£350K04/210.7 miFlat 12, John Keats Lodge, Chase Side Crescent, Enfield, Greater London EN2 0JZ2

Local Rents

50 rents from £1.4K/mo to £2.7K/mo, average is £1.7K/mo.

RentDateDistanceAddressBeds 
£1,67504/240.01 miThe Ridgeway, Enfield, Middlesex, EN22
£1,70004/240.01 mi10-12 The Ridgeway, Enfield2
£1,75003/240.08 miSlades Hill, ENFIELD2
£1,65004/240.12 miThe Ridgeway, London, EN22
£1,70003/240.12 miHelen Clare Court, Enfield, EN22
£1,80004/240.14 miBycullah Road, ENFIELD2
£1,79504/240.14 miBycullah Court, Enfield2
£1,57512/230.14 mi-2
£1,75004/240.15 miMillers Green Close, ENFIELD2
£1,65004/240.15 miBycullah Road, ENFIELD2
£1,70004/240.21 miWindmill Hill, EN22
£1,85002/250.22 mi-2
£1,65004/240.23 miThe Ridgeway, Enfield, EN22
£1,65004/240.23 miThe Ridgeway, Enfield, EN22
£1,60003/240.24 miWindmill Hill, Enfield2
£2,00003/250.24 mi-2
£1,80003/250.25 mi-2
£1,60005/240.26 miWindmill Hill, Enfield2
£1,79804/240.27 miUplands Park Road, Enfield EN22
£1,80004/240.27 miBycullah Road, Enfield, EN22
£1,85002/240.28 mi-2
£1,85003/240.28 miFlorence Drive, Enfield, EN22
£1,70003/240.29 miThe Glade, Enfield2
£1,65005/240.29 miWaverley Road, Enfield2
£1,60005/240.29 miWaverley Road, Enfield2
£1,60005/240.29 miWaverley Road, Enfield2
£1,70003/240.29 mi-2
£1,71203/240.31 miThe Grove, Enfield EN22
£1,79504/240.32 miGladbeck Way, Enfield2
£1,70004/240.35 mi-2
£1,70004/240.35 mi-2
£2,50004/240.35 miBergamot House, Rowantree Road, Enfield2
£2,50004/240.35 miBergamot House, Rowantree Road, Enfield2
£2,69503/240.36 miBergamot House, 52 Rowantree Road, Enfield, EN22
£2,69503/240.36 miBergamot House, 52 Rowantree Road, Enfield, EN22
£2,69503/240.36 miBergamot House, Enfield2
£1,85001/250.38 mi-2
£1,90004/240.38 miSaphire Court, Enfield, EN22
£1,40003/240.4 miChasewood Avenue, Enfield, EN22
£1,74503/240.4 miMonks Road, Winchmore Hill2
£1,40009/230.4 mi-2
£2,00004/240.41 miMonks Road, Enfield, EN22
£1,75003/240.41 miMonks Road, EN22
£2,09703/240.41 miMonks Road, Enfield, EN22
£1,55004/240.43 miTrinity Street, Enfield, Middlesex, EN22
£1,55002/240.45 mi-2
£1,85003/250.49 mi-2
£1,40004/240.52 miKirkland Drive2
£1,70005/240.52 miKirkland Drive, ENFIELD2
£1,70005/240.53 miKirkland Drive, Enfield2

Local Area Statistics

Population in EN2

29,471

Population in Enfield

130,248

Town centre distance

0.45 miles away

Nearest school

0.50 miles away

Nearest train station

0.34 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+1%

Sales demand

Balanced market

Capital growth (5yrs)

+19%

Property History

Listed for £350,000

September 14, 2023

Floor Plans

Description

  • Two Double Bedroom First Floor Flat +
  • Chain Free +
  • Modern Kitchen and Bathroom +
  • Close to Enfield Chase Station +
  • Sought-After Location +
  • New Gas Central Heating System +
  • Kitchen +
  • Living room +
  • Bathroom +

Grange Homes are pleased to be marketing this spacious two bedroom first floor flat located close to Enfield Chase station (30 mins Moorgate) local shops and amenities. The property benefits from two double bedrooms, modern kitchen and bathroom, spacious lounge and ample storage. Property is offered Chain Free.

Agent Details

Grange Homes Estate Agents, Enfield

020 3909 8937

Next Steps?

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