2 Bed Flat, Single Let, London, N9 8UF, £225,000

Bunting Close, Edmonton, N9 8UF - 10 months ago

Sold STC

Leasehold

BTL

ROI: 10%

~66 m²

+8 photos

ValuationUndervalued

Sold Prices	£222.5K - £315K
Sold Prices/m²	£3.9K/m² - £6K/m²

Square Metres	~65.92 m²
Price/m²	£3.4K/m²
Value Estimate	£276,750£276,750
BMV	23%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£56,250£56,250
Stamp Duty & Legal Fees	£12,450£12,450
Total Cash In	£68,700£68,700

Cash Out
Rent Range	£1,500 - £2,200£1,500 - £2,200
Rent Estimate	£1,613
Running Costs/mo	£1,046£1,046
Cashflow/mo	£567£567
Cashflow/yr	£6,807£6,807
ROI	10%10%
Gross Yield	9%9%

Local Sold Prices

31 sold prices from £222.5K to £315K, average is £262.5K. £3.9K/m² to £6K/m², average is £4.8K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£253K	05/21	0.05 mi	35, Martin Close, London, Greater London N9 8UE	£3,953	64	2	Flat
£248K	06/21	0.22 mi	201, St Marys Road, Edmonton, London, Greater London N9 8NR	£3,992	62	2	Flat
£225K	04/21	0.23 mi	32, Buxton Close, London, Greater London N9 0XL	-	-	2	Flat
£240K	10/23	0.25 mi	96, Hudson Way, Edmonton, London, Greater London N9 0XG	£4,444	54	2	Flat
£248K	05/21	0.25 mi	114, Hudson Way, London, Greater London N9 0XG	£4,206	59	2	Flat
£240K	04/21	0.26 mi	30, Pentland Close, London, Greater London N9 0XN	£4,898	49	2	Flat
£240K	04/21	0.26 mi	30, Pentland Close, London, Greater London N9 0XN	£4,898	49	2	Flat
£240K	10/22	0.29 mi	6, Hennessy Road, London, Greater London N9 0XQ	-	-	2	Flat
£257K	10/22	0.3 mi	14, Hennessy Road, London, Greater London N9 0XQ	-	-	2	Flat
£247.5K	06/21	0.32 mi	21, Hennessy Road, London, Greater London N9 0XA	-	-	2	Flat
£277K	03/21	0.67 mi	70, Sandhurst Road, London, Greater London N9 8BJ	£5,130	54	2	Flat
£277K	05/21	0.67 mi	36, Sandhurst Road, London, Greater London N9 8BJ	£5,653	49	2	Flat
£285K	02/23	0.68 mi	80, Sandhurst Road, London, Greater London N9 8BJ	£5,089	56	2	Flat
£274.5K	06/21	0.68 mi	84, Sandhurst Road, London, Greater London N9 8BJ	-	-	2	Flat
£315K	06/21	0.71 mi	99, Sandhurst Road, London, Greater London N9 8BA	-	-	2	Flat
£280K	10/23	0.71 mi	57, Sandhurst Road, London, Greater London N9 8BA	-	-	2	Flat
£280K	09/21	0.71 mi	49, Sandhurst Road, London, Greater London N9 8BA	£4,667	60	2	Flat
£277K	11/20	0.78 mi	21, Kennedy Avenue, Enfield, Greater London EN3 4PA	£4,946	56	2	Flat
£275K	03/22	0.87 mi	41, Jeremys Green, London, Greater London N18 2NB	£4,260	65	2	Flat
£278K	10/22	0.88 mi	13, Sawyer Close, London, Greater London N9 9XP	£6,043	46	2	Flat
£226K	01/21	0.88 mi	124, Croyland Road, London, Greater London N9 7BD	£3,965	57	2	Flat
£262.5K	04/21	0.91 mi	62, Milestone Close, London, Greater London N9 9GA	£4,953	53	2	Flat
£273.5K	07/21	0.92 mi	17, Ruskin Walk, London, Greater London N9 9DT	£3,907	70	2	Flat
£222.5K	10/20	0.92 mi	119, Croyland Road, London, Greater London N9 7BH	-	-	2	Flat
£300K	04/21	0.93 mi	87b, High Street, Enfield, Greater London EN3 4EE	£5,263	57	2	Flat
£257.5K	09/21	0.93 mi	42, Grilse Close, London, Greater London N9 0UU	£4,952	52	2	Flat
£280K	02/23	0.98 mi	89, Church Lane, London, Greater London N9 9QA	£4,000	70	2	Flat
£270K	12/22	0.98 mi	27, Beechwood Mews, London, Greater London N9 9XH	£4,762	57	2	Flat
£250K	09/23	0.99 mi	31, Beechwood Mews, London, Greater London N9 9XH	£4,545	55	2	Flat
£250K	01/21	0.99 mi	15, Beechwood Mews, London, Greater London N9 9XH	£4,604	54	2	Flat
£290K	03/23	0.99 mi	29, Beechwood Mews, London, Greater London N9 9XH	£5,257	55	2	Flat

Local Rents

14 rents from £1.5K/mo to £2.2K/mo, average is £1.8K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,550	05/24	0 mi	Bunting Close, London, N9	2	Flat
£1,790	02/25	0.04 mi	-	2	Flat
£1,700	05/24	0.16 mi	-	2	Terraced House
£1,749	06/24	0.23 mi	-	2	Flat
£1,749	07/24	0.23 mi	-	2	Flat
£1,749	12/24	0.23 mi	-	2	Flat
£2,200	01/25	0.28 mi	-	2	Terraced House
£1,500	01/25	0.34 mi	-	2	Flat
£1,800	03/25	0.36 mi	-	2	Terraced House
£1,850	12/24	0.44 mi	-	2	Flat
£1,850	12/24	0.44 mi	-	2	Flat
£1,950	07/24	0.55 mi	Town Road London N9	2	Terraced House
£1,900	07/24	0.6 mi	Doncaster Roads, Edmonton, N9	2	Terraced House
£1,650	01/25	0.62 mi	-	2	Flat

Local Area Statistics

Population in N9	51,42251,422
Population in London	4,771,9214,771,921
Town centre distance	7.53 miles away7.53 miles away
Nearest school	0.30 miles away0.30 miles away
Nearest train station	0.92 miles away0.92 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+26%+26%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+12%+12%

Property History

Listed for £225,000

May 28, 2024

Floor Plans

Description

A large two bedroom top floor flat +
The property is on the Bird Development N9 +
Double glazing +
Requires decoration +
For sale on a chain free basis +

A larger than average two bedroom top floor flat situated on the Bird Development N9. The property does require redecoration but has features to include, two double bedrooms, loft storage, double glazing and is offered for sale on a chain free basis.

Agent Details

Castles Estate Agents, Edmonton - Sales

020 3840 3311

Next Steps?

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

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ValuationUndervalued

CashflowsOpen in Analyser

Local Sold PricesDownload Show map

Local RentsDownload Show map

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Local Area Statistics

Property History

Floor Plans

Description

Agent Details

Next Steps?

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