2 Bed Terraced House, Refurb/BRRR, Enfield, EN1 1PB, £435,000

Downs Road, Enfield, EN1 1PB - a year ago

Sold STC
Refurb/BRRR
~85 m²
+6 photos

ValuationFair Value

Sold Prices£295K - £740K
Sold Prices/m²£5K/m² - £9.1K/m²

 

 

Square Metres

~85.10 m²
Price/m²£5.1K/m²

Value Estimate

£439,350

 

 

End Value (After Refurb)

£465,391

Uplift in Value

+7%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£108,750

Stamp Duty & Legal Fees

£23,500

Refurb Costs

£45,021

Bridging Loan Interest

£11,419

Total Cash In

£190,439

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£465,391

Mortgage (After Refinance)

£349,043

Mortgage LTV

75%

Cash Released

£22,793

Cash Left In

£167,646

Equity

£116,348

Rent Range

£1,400 - £2,450

Rent Estimate

£1,766

Running Costs/mo

£1,828

Cashflow/mo

£-62

Cashflow/yr

£-739

Gross Yield

5%

Local Sold Prices

50 sold prices from £295K to £740K, average is £469K. £5K/m² to £9.1K/m², average is £6K/m².

PriceDateDistanceAddressBeds 
£463K08/210.03 miDaisy Cottage, 5, Cross Road, Enfield, Greater London EN1 1PD2
£420K11/200.03 mi23, Burleigh Road, Enfield, Greater London EN1 1NY2
£490K06/210.06 mi137, Fotheringham Road, Enfield, Greater London EN1 1QD2
£458K04/210.09 mi58, Falmer Road, Enfield, Greater London EN1 1PY2
£431K04/210.13 mi104, Lincoln Road, Enfield, Greater London EN1 1JX2
£358K03/210.21 mi141, Lincoln Road, Enfield, Greater London EN1 1LH2
£740K11/210.23 mi69, Abbey Road, Enfield, Greater London EN1 2QW2
£450K11/200.27 mi8, Main Avenue, Enfield, Greater London EN1 1DA2
£470K01/230.29 mi1, Craddock Road, Enfield, Greater London EN1 3SR2
£522.5K12/210.31 mi203, Southbury Road, Enfield, Greater London EN1 1QR2
£522.5K12/210.31 mi203, Southbury Road, Enfield, Greater London EN1 1QR2
£507K07/230.32 mi55, Percival Road, Enfield, Greater London EN1 1QS2
£415K02/210.32 mi53, Percival Road, Enfield, Greater London EN1 1QS2
£433.5K11/200.32 mi63, Percival Road, Enfield, Greater London EN1 1QS2
£400K04/210.33 mi42, Percival Road, Enfield, Greater London EN1 1QX2
£476K06/210.36 mi41, Bertram Road, Enfield, Greater London EN1 1LR2
£435K10/200.36 mi21, Bertram Road, Enfield, Greater London EN1 1LR2
£440K12/200.36 mi9, Bertram Road, Enfield, Greater London EN1 1LR2
£510K12/220.36 mi41, Bertram Road, Enfield, Greater London EN1 1LR2
£464K03/230.37 mi42, Bertram Road, Enfield, Greater London EN1 1LT2
£418.5K12/200.38 mi88, Bertram Road, Enfield, Greater London EN1 1LS2
£420K12/200.41 mi73, Clive Road, Enfield, Greater London EN1 1RB2
£468K01/230.41 mi73, Clive Road, Enfield, Greater London EN1 1RB2
£295K09/210.42 mi1, Winchester Close, Enfield, Greater London EN1 2ES2
£450K06/210.42 mi1, Mortimer Drive, Enfield, Greater London EN1 2LH2
£500K05/210.44 mi97, Cecil Road, Enfield, Greater London EN2 6TL2
£490K04/210.45 mi16, The Vineries, Enfield, Greater London EN1 3DQ2
£525K12/220.45 mi5, Raleigh Road, Enfield, Greater London EN2 6UD2
£600K09/210.46 mi43, Raleigh Road, Enfield, Greater London EN2 6UD2
£525K06/210.49 mi71a, Riversfield Road, Enfield, Greater London EN1 3DH2
£525K06/210.49 mi71a, Riversfield Road, Enfield, Greater London EN1 3DH2
£437.5K12/210.51 mi66, Landseer Road, Enfield, Greater London EN1 1DR2
£425.3K01/210.51 mi56, Landseer Road, Enfield, Greater London EN1 1DR2
£590K01/210.57 mi85, Cecil Road, Enfield, Greater London EN2 6TJ2
£705K05/210.66 mi13, Orchardmede, London, Greater London N21 2DL2
£510K11/200.68 mi51, Holly Walk, Enfield, Greater London EN2 6QB2
£540K11/200.75 mi50, The Brackens, Enfield, Greater London EN1 2JZ2
£687K03/210.76 mi43, Gentlemans Row, Enfield, Greater London EN2 6PU2
£715K12/220.76 mi26, Gentlemans Row, Enfield, Greater London EN2 6PU2
£600K01/230.76 mi43, Gentlemans Row, Enfield, Greater London EN2 6PU2
£570K02/210.77 mi19, Manorway, Enfield, Greater London EN1 2JB2
£390K11/210.82 mi91, Chatsworth Drive, Enfield, Greater London EN1 1EU2
£615K06/210.83 mi14, Crossway, Enfield, Greater London EN1 2LA2
£380K04/210.83 mi53, Churchbury Road, Enfield, Greater London EN1 3HP2
£550K06/210.84 mi3, Chase Side Place, Enfield, Greater London EN2 6QA2
£383K05/210.84 mi22, Mansfield Close, London, Greater London N9 7LU2
£375K10/210.85 mi3, Firbank Close, Enfield, Greater London EN2 7ER2
£375K10/210.85 mi3, Firbank Close, Enfield, Greater London EN2 7ER2
£474K06/210.86 mi34, Tempsford Close, Enfield, Greater London EN2 7EP2
£435K06/230.86 mi158, St Edmunds Road, London, Greater London N9 7PN2

Local Rents

50 rents from £1.4K/mo to £2.5K/mo, average is £1.8K/mo.

RentDateDistanceAddressBeds 
£1,95003/240 miDowns Road, ENFIELD2
£1,60003/240.09 mi-2
£1,55003/240.13 miWoodfield Close, EN12
£1,65005/240.21 miBeresford Gardens, Enfield, EN12
£2,06204/240.23 miVillage Road, Bush Hill Park, Enfield, EN12
£1,60002/240.26 mi-2
£2,00002/240.28 mi-2
£1,60004/240.3 mi69 London Road, Enfield2
£1,50003/240.31 miSketty Road, Enfield, EN12
£1,50003/240.31 miSketty Road, Enfield, EN12
£1,40003/240.31 miSketty Road, Enfield, EN12
£1,40003/240.31 miSketty Road, Enfield, EN12
£2,00003/240.31 miPercival Road, Enfield, EN12
£1,85004/240.31 miPercival Road, Enfield, London EN12
£1,75003/250.34 mi-2
£1,55012/240.34 mi-2
£1,85002/250.34 mi-2
£1,80004/240.34 miLondon Road, London, EN22
£1,50012/240.36 mi-2
£1,50003/250.36 mi-2
£1,85003/250.36 mi-2
£1,80012/240.36 mi-2
£1,80002/240.36 mi-2
£1,80012/240.36 mi-2
£1,75003/240.36 miWellington Road, ENFIELD2
£1,90003/240.37 miBertram Road, Enfield2
£2,10003/240.37 miSydney Road, Enfield Town, EN22
£1,75003/240.37 miTower Point, Sydney Road, EN22
£2,45004/240.37 miTower Point, 52 Sydney Road, Enfield, London, EN22
£1,60004/240.37 miTower Point, EN22
£1,60005/240.37 miTower Point, EN22
£1,50003/250.37 mi-2
£1,75003/240.37 miSydney Road, London, EN22
£1,75003/240.37 miColman Parade, Southbury Road, Enfield, EN12
£1,75005/240.37 miColman Parade, Southbury Road, Enfield, EN12
£1,85002/250.38 mi-2
£1,75003/240.38 miGenotin Terrace, Enfield2
£1,75003/250.38 mi-2
£1,67504/240.39 miGenotin Terrace, Enfield2
£1,60003/240.39 miGenotin Road, Enfield Town2
£1,82503/240.42 miRedwood House, Enfield, EN22
£1,55003/240.42 miWinchester Close, Enfield, EN12
£2,20005/240.43 mi-2
£1,75003/240.44 miTower Point, Sydney Road, Enfield2
£1,55004/240.44 miQueen Annes Place, Enfield2
£1,89512/240.45 mi-2
£1,89512/240.45 mi-2
£1,89512/240.45 mi-2
£1,89512/240.45 mi-2
£1,89501/250.45 mi-2

Local Area Statistics

Population in EN1

45,671

Population in Enfield

130,248

Town centre distance

1.05 miles away

Nearest school

0.30 miles away

Nearest train station

0.36 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+5%

Sales demand

Balanced market

Capital growth (5yrs)

+18%

Property History

Listed for £435,000

January 10, 2024

Sold for £208,000

2003

Sold for £73,500

1995

Floor Plans

Description

  • No Chain +
  • Two Double Bedrooms +
  • Large Upstairs Shower Room / Wet Room / Wc +
  • 50' Rear Garden +
  • Spacious Through Lounge +
  • Gas Central Heating +
  • Ground Floor Cloakroom / WC +
  • Utility Room +

SUMMARY
Barnfields offer this late Victorian mid terraced two bedroom house in a most convenient and sought after residential turning, within level walking distance of Enfield Town centre and Enfield Town Rail Station (Liverpool Street Line). Bush Hill Park playing fields and good schools are close at hand.

DESCRIPTION
Barnfields offer this late Victorian mid terraced two bedroom house in a most convenient and sought after residential turning, within level walking distance of Enfield Town multiple shopping centre and Enfield Town Rail Station (Liverpool Street Line). Bush Hill Park playing fields and good schools are close at hand.

The property requires some modernisation but offers superb potential.

Agents Note 
The sale of this property is subject to grant of probate. Please seek an update from the branch with regards to the potential timeframes involved.

Entrance Hall 
Fitted carpet, radiator.

Lounge 24' 4" x 10' ( 7.42m x 3.05m )
Fitted carpet, two radiators, understairs storage cupboard.

Kitchen 9' x 8' 6" ( 2.74m x 2.59m )
Base units, one and half bowl sink unit, matching wall cabinets, inset gas hob unit with fume extractor hood over, built-in oven.

Lobby 
Vinyl floor, airing cupboard housing hot water tank.

Cloakroom / Wc 
Low flush WC, bracket wash hand basin.

Utility Room 
Housing plumbing for washing machine, large butler sink, wall mounted combination gas central heating boiler.

First Floor 

Landing 
Fitted carpet, access to loft via built-in ladder.

Bedroom One 13' 3" x 10' 10" ( 4.04m x 3.30m )
Fitted carpet, radiator, range of built-in wardrobe cupboards, original cast iron fireplace.

Bedroom Two 12' 3" x 8' 6" ( 3.73m x 2.59m )
Fitted carpet, radiator.

Shower Room / Wet Room / Wc 
Spacious room comprising shower area, double wash hand basin unit, low flush WC (white suite), fully tiled walls, vinyl floor, heated towel rail, radiator.

Outside 
Approximately 55' of east facing rear garden, patio, laid to lawn, garden shed, requires tending.

Nb 
Property is being sold as seen.

1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER SEQUENCE (UK) LIMITED NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.

Agent Details

Barnfields Estate Agents, Enfield

020 3907 2775

Next Steps?

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