4 Bed Terraced House, Refurb/BRRR, Enfield, EN1 2PA, £582,500

Illingworth Way, London, EN1 2PA - 10 views - a year ago

Under Offer

Refurb/BRRR

ROI: 1%

~94 m²

+18 photos

ValuationOvervalued

Sold Prices	£465K - £1.3M
Sold Prices/m²	£4K/m² - £11.7K/m²

Square Metres	~94 m²
Price/m²	£6.2K/m²
Value Estimate	£473,427£473,427

End Value (After Refurb)	£517,500£517,500

Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (25%)	£145,625£145,625
Stamp Duty & Legal Fees	£35,300£35,300
Refurb Costs	£49,729£49,729
Bridging Loan Interest	£15,291£15,291
Total Cash In	£247,695£247,695

Cash Out
Monetisation	FlipRefinance & RentRefinance & Rent
Revaluation	£517,500£517,500
Mortgage (After Refinance)	£388,125£388,125
Mortgage LTV	75%75%
Cash Left In	£247,695£247,695
Equity	£129,375£129,375
Rent Range	£1,700 - £2,950£1,700 - £2,950
Rent Estimate	£2,297
Running Costs/mo	£2,097£2,097
Cashflow/mo	£200£200
Cashflow/yr	£2,405£2,405
ROI	1%1%
Gross Yield	5%5%

Local Sold Prices

50 sold prices from £465K to £1.3M, average is £661.5K. £4K/m² to £11.7K/m², average is £5.5K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£590K	06/21	0.03 mi	7, Wellington Road, Enfield, Greater London EN1 2PB	-	-	4	Terraced House
£610K	06/23	0.07 mi	18, Lincoln Road, Enfield, Greater London EN1 2RX	-	-	4	Terraced House
£975K	06/22	0.1 mi	22a, Abbey Road, Enfield, Greater London EN1 2QL	-	-	4	Detached House
£540K	06/21	0.1 mi	52, Burleigh Road, Enfield, Greater London EN1 1NY	-	-	4	Terraced House
£595K	11/20	0.17 mi	140, Fotheringham Road, Enfield, Greater London EN1 1QE	£5,000	119	4	Terraced House
£515K	03/21	0.17 mi	104, Fotheringham Road, Enfield, Greater London EN1 1QE	£6,438	80	4	Terraced House
£980K	03/21	0.17 mi	37, Wellington Road, Enfield, Greater London EN1 2PF	£5,158	190	4	Semi-Detached House
£950K	12/22	0.18 mi	104, First Avenue, Enfield, Greater London EN1 1BP	-	-	4	Semi-Detached House
£560K	04/21	0.2 mi	29, Falmer Road, Enfield, Greater London EN1 1PZ	£4,275	131	4	Terraced House
£940K	09/21	0.25 mi	13, Abbey Road, Enfield, Greater London EN1 2QP	£6,963	135	4	Semi-Detached House
£800K	10/22	0.25 mi	81, London Road, Enfield, Greater London EN2 6ES	£5,755	139	4	Semi-Detached House
£918K	03/21	0.28 mi	9, Athole Gardens, Enfield, Greater London EN1 2EW	-	-	4	Detached House
£1.1M	05/21	0.29 mi	63, Wellington Road, Enfield, Greater London EN1 2PH	-	-	4	Semi-Detached House
£1.1M	11/20	0.29 mi	23, Queens Road, Enfield, Greater London EN1 1NF	£5,623	204	4	Semi-Detached House
£595K	02/23	0.32 mi	37, Cecil Avenue, Enfield, Greater London EN1 1PT	£5,459	109	4	Terraced House
£550K	04/21	0.36 mi	127, Southbury Road, Enfield, Greater London EN1 1PN	£4,167	132	4	Semi-Detached House
£550K	06/21	0.38 mi	143, Southbury Road, Enfield, Greater London EN1 1QP	-	-	4	Semi-Detached House
£660K	04/23	0.38 mi	16, St Marks Road, Enfield, Greater London EN1 1BE	£4,822	137	4	Terraced House
£567.5K	08/21	0.39 mi	72, Southbury Road, Enfield, Greater London EN1 1YB	-	-	4	Terraced House
£965K	03/21	0.41 mi	29, Essex Road, Enfield, Greater London EN2 6UA	£7,598	127	4	Detached House
£800K	08/21	0.42 mi	26, Uvedale Road, Enfield, Greater London EN2 6HB	£5,839	137	4	Semi-Detached House
£633K	11/20	0.42 mi	30, Uvedale Road, Enfield, Greater London EN2 6HB	£4,396	144	4	Semi-Detached House
£500K	01/21	0.43 mi	87, Bertram Road, Enfield, Greater London EN1 1LP	£4,505	111	4	Terraced House
£1.0M	02/21	0.45 mi	19, Uvedale Road, Enfield, Greater London EN2 6HA	£6,879	149	4	Semi-Detached House
£573K	11/20	0.46 mi	28, Ladbroke Road, Enfield, Greater London EN1 1HX	£4,621	124	4	Terraced House
£715K	12/20	0.47 mi	8, St Andrews Road, Enfield, Greater London EN1 3UB	£4,799	149	4	Terraced House
£530K	06/21	0.49 mi	117, Clive Road, Enfield, Greater London EN1 1RD	-	-	4	Terraced House
£675K	10/20	0.49 mi	4, Park Avenue, Enfield, Greater London EN1 2HP	£5,625	120	4	Semi-Detached House
£760K	02/21	0.5 mi	17, Fyfield Road, Enfield, Greater London EN1 3TT	£4,471	170	4	Terraced House
£630K	05/23	0.5 mi	19, Peartree Road, Enfield, Greater London EN1 3DF	-	-	4	Terraced House
£1.2M	01/22	0.5 mi	90, Village Road, Enfield, Greater London EN1 2EU	-	-	4	Detached House
£955K	11/21	0.51 mi	14, Queen Annes Grove, Enfield, Greater London EN1 2JP	£5,651	169	4	Semi-Detached House
£570K	02/21	0.53 mi	98, Leighton Road, Enfield, Greater London EN1 1XW	£4,014	142	4	Semi-Detached House
£623.5K	03/21	0.54 mi	118, Edenbridge Road, Enfield, Greater London EN1 2HU	£6,928	90	4	Terraced House
£663K	06/21	0.54 mi	56, Edenbridge Road, Enfield, Greater London EN1 2LW	-	-	4	Semi-Detached House
£790K	03/23	0.54 mi	113, Edenbridge Road, Enfield, Greater London EN1 2HU	-	-	4	Semi-Detached House
£465K	03/21	0.55 mi	21, Southbury Avenue, Enfield, Greater London EN1 1RH	£6,643	70	4	Terraced House
£750K	05/23	0.56 mi	31, Cecil Road, Enfield, Greater London EN2 6TJ	-	-	4	Detached House
£575K	12/20	0.56 mi	8, Jules Thorn Avenue, Enfield, Greater London EN1 3SX	£5,227	110	4	Semi-Detached House
£560K	06/21	0.56 mi	78, Hazelwood Road, Enfield, Greater London EN1 1JQ	-	-	4	Semi-Detached House
£855K	09/21	0.58 mi	1, Summerhill Grove, Enfield, Greater London EN1 2HY	-	-	4	Detached House
£700K	03/22	0.58 mi	2a, Sittingbourne Avenue, Enfield, Greater London EN1 2DA	£11,667	60	4	Detached House
£502K	02/23	0.58 mi	140, Wellington Road, Enfield, Greater London EN1 2RS	£5,229	96	4	Terraced House
£530K	06/21	0.58 mi	49, Gardenia Road, Enfield, Greater London EN1 2JA	-	-	4	Semi-Detached House
£830K	06/21	0.6 mi	23, The Orchard, London, Greater London N21 2DN	£7,545	110	4	Semi-Detached House
£685.5K	11/21	0.6 mi	38, Gardenia Road, Enfield, Greater London EN1 2HZ	-	-	4	Terraced House
£750K	09/21	0.62 mi	46, Bagshot Road, Enfield, Greater London EN1 2RE	£7,520	100	4	Detached House
£1.3M	08/23	0.62 mi	29, Bush Hill, London, Greater London N21 2BT	£5,328	244	4	Detached House
£590K	12/20	0.63 mi	85, Amberley Road, Enfield, Greater London EN1 2QZ	-	-	4	Semi-Detached House
£607K	02/23	0.65 mi	37, Countisbury Avenue, Enfield, Greater London EN1 2NL	-	-	4	Terraced House

Local Rents

51 rents from £1.7K/mo to £3K/mo, average is £2.4K/mo.

Rent	Date	Distance	Address	Beds	Type
£2,500	02/24	0.09 mi	-	4	Terraced House
£2,500	02/25	0.09 mi	-	4	Terraced House
£2,500	03/24	0.11 mi	Lincoln Road, Enfield	4	Terraced House
£2,100	03/24	0.12 mi	Kingswood Close, London, EN1	3	Detached House
£2,200	03/24	0.13 mi	Warne Court, EN1	3	Flat
£2,400	04/24	0.17 mi	-	3	Terraced House
£2,650	12/24	0.18 mi	-	3	Flat
£2,650	12/24	0.18 mi	-	3	Flat
£2,600	02/24	0.19 mi	-	4	Terraced House
£2,600	03/24	0.19 mi	-	4	Terraced House
£2,500	10/23	0.19 mi	Private Road, London, EN1	4	Terraced House
£1,950	04/25	0.2 mi	-	4	Terraced House
£1,750	04/24	0.25 mi	London Road, Enfield	3	Flat
£1,800	04/24	0.25 mi	London Road, Enfield	3	Flat
£1,800	04/24	0.25 mi	London Road, Enfield	3	Flat
£1,800	04/24	0.25 mi	London Road, Enfield	3	Flat
£2,000	12/24	0.25 mi	-	3	Flat
£1,800	05/24	0.25 mi	-	3	Terraced House
£1,800	04/24	0.25 mi	John Street, London, EN1	3	Terraced House
£1,700	04/24	0.26 mi	London Road, Enfield, EN2	3	Flat
£1,900	04/24	0.27 mi	Seaford Road, Enfield, EN1	3	House
£1,900	04/24	0.27 mi	Seaford Road, Enfield, EN1	3	House
£2,600	04/25	0.32 mi	-	4	Detached House
£2,400	03/24	0.32 mi	First Avenue, London, EN1	4	Detached House
£1,800	03/24	0.33 mi	Agricola Place, Enfield	3	Flat
£2,349	03/24	0.34 mi	Tower Point, Sydney Road, Enfield, EN2	3	Flat
£2,350	03/24	0.34 mi	Tower Point, 52 Sydney Road, Enfield, EN2 6SY	3	Flat
£2,500	03/24	0.34 mi	Third Avenue, Enfield, EN1	3	House
£2,500	03/24	0.34 mi	Park Avenue, Enfield, Middlesex, EN1	3	Terraced House
£2,500	04/24	0.34 mi	-	3	Semi-Detached House
£2,100	04/24	0.35 mi	Tower Point, Sydney Road, Enfield, EN2 6SZ	3	Flat
£2,350	04/24	0.35 mi	Sydney Road, Enfield Town, EN2	3	Flat
£2,450	04/24	0.35 mi	Tower Point, Sydney Road, Enfield	3	Flat
£2,500	02/25	0.37 mi	-	3	Semi-Detached House
£2,799	04/25	0.37 mi	-	4	Semi-Detached House
£2,000	03/24	0.38 mi	Savoy Parade, Southbury Road, Enfield - Brilliant Sized 3 Bedroom in the epitome of Enfield !!	3	House
£2,500	12/24	0.39 mi	-	3	Detached House
£2,100	04/24	0.4 mi	Percival Road, Enfield, Middlesex	4	Terraced House
£1,850	04/24	0.4 mi	Percival Road, Enfield, EN1	3	Flat
£1,895	03/24	0.4 mi	Percival Road, Enfield, Middlesex, EN1	3	Terraced House
£1,900	03/25	0.4 mi	-	3	Flat
£2,250	04/24	0.41 mi	Amwell Close, Enfield, EN2	3	House
£2,250	04/24	0.41 mi	Amwell Close, Enfield, EN2	3	House
£2,350	04/24	0.42 mi	-	3	Semi-Detached House
£2,450	03/24	0.43 mi	Apple Grove, Enfield, EN1 3DA	3	Detached House
£2,350	03/24	0.43 mi	Apple Grove, Enfield, EN1 3DA	3	Semi-Detached House
£2,950	05/24	0.44 mi	Uvedale Road, Enfield	4	House
£2,100	03/24	0.44 mi	Percival Road, Enfield	3	Terraced House
£2,350	03/25	0.44 mi	-	3	Terraced House
£2,350	01/25	0.44 mi	-	3	Terraced House
£2,200	04/24	0.44 mi	-	3	Flat

Local Area Statistics

Population in EN1	45,67145,671
Population in Enfield	130,248130,248
Town centre distance	0.99 miles away0.99 miles away
Nearest school	0.40 miles away0.40 miles away
Nearest train station	0.39 miles away0.39 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+5%+5%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+18%+18%