3 Bed Flat, Single Let, Enfield, EN2 8PD, £525,000

The Ridgeway, Enfield, EN2 8PD - 8 views - a year ago

Sold STC
BTL
~122 m²
+14 photos

ValuationFair Value

Sold Prices£220K - £925K
Sold Prices/m²£3.7K/m² - £5.9K/m²

 

 

Square Metres

~122 m²
Price/m²£4.3K/m²

Value Estimate

£531,507

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£131,250

Stamp Duty & Legal Fees

£30,700

Total Cash In

£161,950

 

 

Cash Out

 

Rent Range

£1,800 - £3,995

Rent Estimate

£1,978

Running Costs/mo

£2,056

Cashflow/mo

£-78

Cashflow/yr

£-939

Gross Yield

5%

Local Sold Prices

22 sold prices from £220K to £925K, average is £410.8K. £3.7K/m² to £5.9K/m², average is £4.6K/m².

PriceDateDistanceAddressBeds 
£925K08/210.04 miFlat 10, Holly Tree Lodge, The Ridgeway, Enfield, Greater London EN2 8QT3
£417.5K02/210.41 mi61, Kirkland Drive, Enfield, Greater London EN2 0RJ3
£335K01/210.8 mi36, Cheviot Close, Enfield, Greater London EN1 3UZ3
£566.5K09/220.89 mi5, Hanbury Drive, London, Greater London N21 1SZ3
£320K03/210.95 mi26, Lancaster Road, Enfield, Greater London EN2 0AX3
£492K11/211.04 mi103, Pennington Drive, London, Greater London N21 1TZ3
£362K06/211.13 mi48, Beresford Gardens, Enfield, Greater London EN1 1NN3
£360K06/211.13 mi24, Beresford Gardens, Enfield, Greater London EN1 1NN3
£520K01/241.14 mi10, Maplin Close, London, Greater London N21 1NB3
£408K12/201.14 mi32, Maplin Close, London, Greater London N21 1NB3
£550K09/231.16 miFlat 20, High Beech, Eversley Park Road, London, Greater London N21 1NS3
£265K02/211.63 mi64, Hadrians Ride, Enfield, Greater London EN1 1DG3
£535K03/211.64 mi29a, Elm Park Road, London, Greater London N21 2HP3
£307.5K01/211.67 mi60, St Marks Road, Enfield, Greater London EN1 1BE3
£350K01/211.75 miFlat 28, Ashridge Court, Reservoir Road, London, Greater London N14 4BE3
£413.5K11/201.75 miFlat 30, Ashridge Court, Reservoir Road, London, Greater London N14 4BE3
£220K08/231.75 miFlat 50, Ashridge Court, Reservoir Road, London, Greater London N14 4BE3
£670K11/201.77 mi57b, Compton Road, London, Greater London N21 3NU3
£670K11/201.78 mi57b, Compton Road, London, Greater London N21 3NU3
£270K03/211.86 miFlat 15, Reynolds House, Ayley Croft, Enfield, Greater London EN1 1XR3
£385K06/211.88 mi114b, Bramley Road, London, Greater London N14 4HT3
£440K06/231.99 mi3, The Poplars, London, Greater London N14 4HH3

Local Rents

19 rents from £1.8K/mo to £4K/mo, average is £2.3K/mo.

RentDateDistanceAddressBeds 
£3,99503/240.11 miBergamot House, 52 Rowantree Road, Enfield, EN23
£2,00004/240.16 miPostern Green, London, EN23
£2,95003/240.19 miBergamot House, Rowantree Road, Enfield3
£2,20005/240.22 miPerry Mead, Enfield3
£2,50004/240.25 miPerry Mead, ENFIELD3
£3,75003/240.35 miWilliams Court, The Ridgeway, Enfield, Middlessex, EN23
£3,99504/240.36 miOld Park Road, Enfield3
£2,75002/250.36 mi-3
£3,99504/240.37 miOld Park Road, Enfield, EN23
£2,20005/240.38 miWindmill Gardens, Enfield, Middlesex, EN23
£2,29503/240.4 miLavender Hill, Enfield, Middlesex, EN23
£1,80003/240.42 miKirkland Drive, Enfield, EN23
£2,20004/240.42 miLambs Walk, Enfield3
£2,80003/240.47 miHoltwhite Avenue, Enfield3
£1,97504/240.49 miChesham Court, Gordon Hill, Enfield3
£2,30005/240.51 miGladbeck Way, EN2 7EN3
£2,30004/240.56 miHalifax Road, Enfield, EN23
£2,50004/240.56 miHalifax Road, Enfield, EN23
£1,85003/240.58 mi-3

Local Area Statistics

Population in EN2

29,471

Population in Enfield

130,248

Town centre distance

0.61 miles away

Nearest school

0.40 miles away

Nearest train station

0.43 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+1%

Sales demand

Balanced market

Capital growth (5yrs)

+19%

Property History

Listed for £525,000

June 7, 2024

Floor Plans

Description

  • Modern apartment +
  • Split-level +
  • 3 Bedrooms +
  • Spacious reception +
  • Fitted kitchen +
  • 2 Bathrooms +
  • Private balcony +
  • Good storage +
  • Chain free +
  • Excellent location +

Martyn Gerrard are delighted to bring to the market this impressive, chain free split-level apartment situated close to excellent transport links, an array of amenities, good schools and green open spaces.
Offering in excess of 1300sqft the accommodation consists of three bedrooms, reception room, fitted kitchen, two bathrooms, good storage, private balcony and allocated parking.
Viewing is highly recommended.

The Owners Love
"We have loved living here. Enfield, a short walk away, has so much to offer from the local shops, restaurants, coffee shops and pubs, to the wide open green spaces in nearby Enfield Town Park, where we enjoy walking along the river, and Trent Park. Golf clubs are close by in Enfield, Bush Hill and Crews Hill"
"A spacious flat with ample storage. We value having the large room on the second floor which has been used as a home office, hobby room and spare bedroom, This could easily be adapted for other uses"
"The large lounge, which has French doors to the balcony, is a bright and airy room"

We've Noticed
Easy access to central London being close to Enfield Chase (10 minute walk) and Enfield Town Stations, and Oakwood Underground Station (Piccadilly Line).
4 miles from M25 ( junctions 24 and 25).

Agent Details

Martyn Gerrard, Winchmore Hill

020 3856 3027

Next Steps?

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