2 Bed Flat, Single Let, Enfield, EN3 6WF, £265,000

Bren Court, Enfield, EN3 6WF - 4 views - a year ago

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Leasehold

BTL

ROI: 6%

~64 m²

+3 photos

ValuationUndervalued

Sold Prices	£193.7K - £307K
Sold Prices/m²	£3.9K/m² - £5.7K/m²

Square Metres	~63.80 m²
Price/m²	£4.2K/m²
Value Estimate	£306,783£306,783
BMV	16%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£66,250£66,250
Stamp Duty & Legal Fees	£9,900£9,900
Total Cash In	£76,150£76,150

Cash Out
Rent Range	£1,450 - £2,100£1,450 - £2,100
Rent Estimate	£1,500
Running Costs/mo	£1,148£1,148
Cashflow/mo	£352£352
Cashflow/yr	£4,223£4,223
ROI	6%6%
Gross Yield	7%7%

Local Sold Prices

23 sold prices from £193.7K to £307K, average is £250K. £3.9K/m² to £5.7K/m², average is £4.9K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£220K	01/23	0.08 mi	36, Fisher Close, Enfield, Greater London EN3 6WQ	£4,583	48	2	Flat
£285K	07/23	0.13 mi	9, Harston Drive, Enfield, Greater London EN3 6GG	£4,071	70	2	Flat
£262K	03/23	0.17 mi	10, Colt Mews, Enfield, Greater London EN3 6YH	£5,347	49	2	Flat
£293K	11/22	0.18 mi	5, Aldis Mews, Enfield, Greater London EN3 6YE	£5,327	55	2	Flat
£193.7K	11/20	0.18 mi	3, Polsten Mews, Enfield, Greater London EN3 6YF	£5,098	38	2	Flat
£245K	10/21	0.21 mi	34, Shepley Mews, Enfield, Greater London EN3 6JP	£4,949	50	2	Flat
£235K	02/23	0.47 mi	64, Bridle Close, Enfield, Greater London EN3 6EB	£3,917	60	2	Flat
£227.5K	12/20	0.48 mi	60, Bridle Close, Enfield, Greater London EN3 6EB	£4,740	48	2	Flat
£270K	02/21	0.48 mi	65, Bridle Close, Enfield, Greater London EN3 6EB	£3,857	70	2	Flat
£226K	02/21	0.51 mi	30, Bridle Close, Enfield, Greater London EN3 6EA	£4,809	47	2	Flat
£285K	08/23	0.51 mi	20, Bridle Close, Enfield, Greater London EN3 6EA	£4,524	63	2	Flat
£236K	03/21	0.51 mi	21, Bridle Close, Enfield, Greater London EN3 6EA	£4,000	59	2	Flat
£234.5K	03/21	0.51 mi	42, Bridle Close, Enfield, Greater London EN3 6EA	£5,453	43	2	Flat
£234.5K	03/21	0.51 mi	42, Bridle Close, Enfield, Greater London EN3 6EA	£5,453	43	2	Flat
£285K	10/20	0.73 mi	2, Greenwich Way, Waltham Abbey, Essex EN9 3YB	£5,588	51	2	Flat
£285K	01/21	0.78 mi	167, Ordnance Road, Enfield, Greater London EN3 6AD	£5,700	50	2	Flat
£250K	03/23	0.81 mi	126b, Ordnance Road, Enfield, Greater London EN3 6BU	£5,000	50	2	Flat
£250K	12/22	0.81 mi	120b, Ordnance Road, Enfield, Greater London EN3 6BU	£4,950	51	2	Flat
£307K	08/22	0.9 mi	11, Burrows Chase, Waltham Abbey, Essex EN9 3YX	£4,776	64	2	Flat
£307K	10/22	0.9 mi	22, Burrows Chase, Waltham Abbey, Essex EN9 3YX	£5,369	57	2	Flat
£300K	04/23	0.93 mi	40a, Allandale Road, Enfield, Greater London EN3 6SB	-	-	2	Flat
£250K	10/20	0.97 mi	113, Cunningham Avenue, Enfield, Greater London EN3 6LA	£4,545	55	2	Flat
£250K	10/20	0.99 mi	113, Cunningham Avenue, Enfield, Greater London EN3 6LA	£4,545	55	2	Flat

Local Rents

23 rents from £1.4K/mo to £2.1K/mo, average is £1.7K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,575	05/24	0.01 mi	Manton Road, Enfield, Middlesex, EN3	2	Flat
£1,600	03/24	0.04 mi	Colgate Place, Bren Court, EN3	2	Flat
£1,600	11/24	0.05 mi	-	2	Flat
£1,600	03/24	0.05 mi	Webley Court, Enfield, EN3	2	Terraced House
£1,600	05/24	0.06 mi	Bren Court, 2 Colgate Place, Enfield, Greater London, EN3 6WF	2	Flat
£1,450	05/24	0.06 mi	Treeby Court, George Lovell Drive, Enfield, EN3	2	Flat
£1,800	04/24	0.06 mi	Manton Road, Enfield	2	Flat
£1,700	05/24	0.06 mi	Manton Road, Enfield	2	Flat
£1,500	03/24	0.08 mi	Fisher Close, Enfield Island Village	2	Flat
£1,600	12/23	0.13 mi	-	2	Flat
£1,850	03/24	0.16 mi	Benson Court, Enfield, EN3	2	Flat
£1,850	03/24	0.16 mi	-	2	Flat
£1,700	03/24	0.19 mi	King Henrys Mews, Enfield	2	Flat
£1,500	04/24	0.21 mi	Shepley Mews, Enfield	2	Flat
£1,750	05/24	0.22 mi	Soper Mews, EN3	2	Flat
£1,850	05/24	0.23 mi	-	2	Flat
£1,500	05/24	0.36 mi	Velocity Way, Franklin House, EN3	2	Flat
£1,695	11/23	0.38 mi	-	2	Flat
£1,850	02/25	0.41 mi	-	2	Flat
£1,850	01/25	0.41 mi	-	2	Flat
£1,950	04/24	0.57 mi	-	2	Semi-Detached House
£1,950	03/24	0.57 mi	-	2	Semi-Detached House
£2,100	02/25	0.59 mi	-	2	Flat

Local Area Statistics

Population in EN3	55,68755,687
Population in Enfield	130,248130,248
Town centre distance	3.82 miles away3.82 miles away
Nearest school	0.40 miles away0.40 miles away
Nearest train station	0.61 miles away0.61 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+5%+5%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+20%+20%

Property History

Listed for £265,000

April 2, 2024

Floor Plans

Description

Two Bedroom Ground Floor Apartment +
En Suite To Master +
Spacious Living Room +
Fitted Kitchen +
Long Lease - 125 Years. +
Popular Enfield Island Village Development +

Anthony Davies brings to market a two bedroom two bathroom ground floor apartment on the popular Enfield Island Village development. This property is very well maintained throughout and boasts a very spacious lounge, fitted kitchen, en-suite to master bedroom, modern family bathroom and new electric heating throughout. This property also benefits from a new lease of 125 years.

Ideal first time or investment purchase, book your viewings today.

Agent Details

Anthony Davies, Hoddesdon

01992 927992

Next Steps?

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

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