2 Bed Flat, Cash/Bridging Only, Edgware, HA8 0FL, £265,000

Flora Court, Fortune Avenue, Edgware, HA8 0FL - 11 views - a year ago

Leasehold
Cash
ROI: 7%
~52 m²
+5 photos

ValuationFair Value

Sold Prices£140K - £675K
Sold Prices/m²£3.5K/m² - £9K/m²

 

 

Square Metres

~52 m²
Price/m²£5.1K/m²

Value Estimate

£267,650

 

 

End Value (After Refurb)

£270,130

Uplift in Value

+2%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£66,250

Stamp Duty & Legal Fees

£9,900

Refurb Costs

£27,517

Bridging Loan Interest

£6,956

Total Cash In

£112,373

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£270,130

Mortgage (After Refinance)

£202,597

Mortgage LTV

75%

Cash Released

£3,847

Cash Left In

£108,526

Equity

£67,532

Rent Range

£1,395 - £4,995

Rent Estimate

£1,942

Running Costs/mo

£1,253

Cashflow/mo

£689

Cashflow/yr

£8,273

ROI

7%

Gross Yield

9%

Local Sold Prices

49 sold prices from £140K to £675K, average is £330K. £3.5K/m² to £9K/m², average is £5.5K/m².

PriceDateDistanceAddressBeds 
£295K05/230.19 miFlat 15, Mayna Court, Columbia Avenue, Edgware, Greater London HA8 5DE2
£295K12/220.2 mi335, Burnt Oak Broadway, Edgware, Greater London HA8 5AW2
£350K11/210.21 mi15, Littlefield Road, Edgware, Greater London HA8 0TA2
£270K10/200.23 mi115a, Vancouver Road, Edgware, Greater London HA8 5DG2
£388K07/230.28 mi52, Fairfield Crescent, Edgware, Greater London HA8 9AH2
£325K12/220.31 mi36, Colchester Road, Edgware, Greater London HA8 0RA2
£250K05/210.36 mi176, Deansbrook Road, Edgware, Greater London HA8 9DL2
£367.5K02/230.37 mi22, Summit Close, Edgware, Greater London HA8 6EJ2
£265K02/210.47 mi30, Methuen Close, Edgware, Greater London HA8 6HA2
£350K05/230.47 mi23, Methuen Close, Edgware, Greater London HA8 6HA2
£275K05/230.47 mi16, Methuen Close, Edgware, Greater London HA8 6HA2
£325K05/230.47 mi28, Methuen Close, Edgware, Greater London HA8 6HA2
£340K01/230.5 miFlat 10, Dean Court, Brook Avenue, Edgware, Greater London HA8 9XB2
£318.2K08/210.5 miFlat 1, Dean Court, Brook Avenue, Edgware, Greater London HA8 9XB2
£530K11/210.5 mi167, Hale Drive, London, Greater London NW7 3EH2
£270K09/210.52 mi22, Handel Way, Edgware, Greater London HA8 6LG2
£340K02/230.52 mi34, Handel Way, Edgware, Greater London HA8 6LG2
£140K11/220.53 mi228, De Havilland Road, Edgware, Greater London HA8 5QD2
£600K02/210.55 mi10, Brook Avenue, Edgware, Greater London HA8 9XF2
£245K03/210.56 mi66, Hale Drive, London, Greater London NW7 3ED2
£285K06/210.61 mi303, Watling Avenue, Edgware, Greater London HA8 0ND2
£275.5K10/210.61 mi293, Watling Avenue, Edgware, Greater London HA8 0ND2
£197.1K03/210.62 miLoft Space Above, 129, Station Road, Edgware, Greater London HA8 7JG2
£320K08/230.64 mi11, Warren Way, Edgware, Greater London HA8 5RB2
£310K05/230.65 mi107, Scott Road, Edgware, Greater London HA8 5QR2
£345K04/210.65 mi1a, Angus Gardens, London, Greater London NW9 5LG2
£144K05/210.65 miFlat 14, Montrose Court, The Hyde, London, Greater London NW9 5BS2
£300K03/210.65 miFlat 13, Montrose Court, The Hyde, London, Greater London NW9 5BS2
£330K06/210.67 mi9, Winton Gardens, Edgware, Greater London HA8 6QP2
£335K06/210.71 mi145, Whitchurch Lane, Edgware, Greater London HA8 6NZ2
£445K12/200.74 miFlat 2, Beddan Court, Fernhurst Gardens, Edgware, Greater London HA8 7NZ2
£289.8K01/230.74 mi21, Heronsgate, Edgware, Greater London HA8 7LD2
£457.5K06/210.75 mi27, Lodge Close, Edgware, Greater London HA8 7RL2
£380K03/230.77 mi3, Drive Court, Edgware, Greater London HA8 8PP2
£370K06/210.78 mi17, Belgrave Close, London, Greater London NW7 3QG2
£340K12/200.79 mi3, Storksmead Road, Edgware, Greater London HA8 0JW2
£180K06/210.84 mi133a, Hale Lane, Edgware, Greater London HA8 9QP2
£355K10/200.85 mi175, Hale Lane, Edgware, Greater London HA8 9QN2
£365K09/220.85 miFlat 6, Grosvenor Court, Hale Lane, London, Greater London NW7 3RY2
£375K06/210.86 mi5, Ashbrook, Edgware, Greater London HA8 7SU2
£410K06/210.86 mi180a, Whitchurch Lane, Edgware, Greater London HA8 6QJ2
£325K08/230.89 miFlat 19, Orchard Court, Stonegrove, Edgware, Greater London HA8 7SX2
£287.5K05/230.89 miFlat 26, Orchard Court, Stonegrove, Edgware, Greater London HA8 7SX2
£494K03/210.89 mi20, Campbell Croft, Edgware, Greater London HA8 8DS2
£295K03/210.89 mi9, Campbell Croft, Edgware, Greater London HA8 8DS2
£382K01/210.93 mi10a, Langley Park, London, Greater London NW7 2AA2
£410K04/210.94 mi26, Priory Field Drive, Edgware, Greater London HA8 9PU2
£400K01/210.94 mi18, Priory Field Drive, Edgware, Greater London HA8 9PU2
£675K03/210.96 mi23, Hale Grove Gardens, London, Greater London NW7 3LR2

Local Rents

51 rents from £1.4K/mo to £5K/mo, average is £1.8K/mo.

RentDateDistanceAddressBeds 
£1,90012/240.03 mi-2
£1,85004/250.03 mi-2
£1,60012/240.08 mi-2
£2,00012/240.11 mi-2
£2,20004/240.12 miLittlefield Road, Edgware, HA82
£2,10002/250.17 mi-2
£1,60012/240.18 mi-2
£1,65012/240.2 mi-2
£1,80002/250.2 mi-2
£1,70012/240.23 mi-2
£2,10012/240.23 mi-2
£2,10012/240.23 mi-2
£2,20011/230.25 miAbbots Road, Edgware, HA82
£1,75012/240.27 mi-2
£4,99512/240.28 mi-2
£2,30012/240.29 mi-2
£1,39512/240.3 mi-2
£1,39512/240.3 mi-2
£1,44504/250.3 mi-2
£2,20004/250.31 mi-2
£1,69503/250.32 mi-2
£1,70012/240.32 mi-2
£1,70012/240.32 mi-2
£1,85012/240.35 mi-2
£1,80012/240.35 mi-2
£1,92512/240.37 mi-2
£1,85004/250.37 mi-2
£1,90012/240.39 mi-2
£1,85012/240.39 mi-2
£1,80003/250.39 mi-2
£1,80003/250.39 mi-2
£1,80001/250.4 mi-2
£1,80012/240.47 mi-2
£1,50012/240.48 mi-2
£1,60004/240.49 mi-2
£2,20004/240.49 mi-2
£1,80012/240.49 mi-2
£1,75012/240.5 mi-2
£1,50003/250.51 mi-2
£1,71003/250.52 mi-2
£1,66502/250.52 mi-2
£1,71012/240.52 mi-2
£1,80004/250.52 mi-2
£2,10003/250.52 mi-2
£2,48001/250.53 mi-2
£1,85002/250.53 mi-2
£1,85004/250.53 mi-2
£1,80004/240.54 mi112 Station Road, Edgware, HA82
£1,85004/240.54 mi112 Station Road, Edgware, HA82
£1,85012/240.54 mi-2
£1,85004/240.54 miStation Road, Edgware, HA82

Local Area Statistics

Population in HA8

64,905

Population in Edgware

64,950

Town centre distance

0.73 miles away

Nearest school

0.10 miles away

Nearest train station

0.32 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+15%

Sales demand

Balanced market

Capital growth (5yrs)

+10%

Property History

Listed for £265,000

October 17, 2023

Floor Plans

Description

  • Two Double Bedroom +
  • Private Balcony +
  • Top Floor +
  • Lift in Block +
  • Popular Location +
  • En-Suite to Bedroom One +
  • Allocated Parking +

*CHAIN FREE* - CASH BUYERS ONLY - ideal opportunity to take advantage of the excellent value due to pending EWS1 certificate.

A modernised top floor two bedroom two bathroom apartment. This property is situated within the desirable Fortune Avenue development. Close Distance to both Edgware and Burnt Oak Tube stations, local schools as well as local shopping.

The property comprises open plan kitchen/living, two bedrooms and two bathrooms (one en-suite)

Features include allocated parking, two private balconies, communal gardens and playground. There is a lift in the block too. Great purchase for first time buyers and investors.

Please Call Benjamin Stevens to arrange a viewing

Agent Details

Benjamin Stevens, Edgware

020 3907 2994

Next Steps?

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

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