3 Bed Flat, Single Let, London, N12 8RT £435,000

Woodside Park Road, North Finchley, N12 8RT - 4 views - a year ago

Under Offer

Leasehold

BTL

ROI: 2%

~89 m²

ValuationUndervalued

Sold Prices	£315K - £1.4M
Sold Prices/m²	£3.6K/m² - £8.9K/m²

Square Metres	~89 m²
Price/m²	£4.9K/m²
Value Estimate	£535,050£535,050
BMV	23%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£108,750£108,750
Stamp Duty & Legal Fees	£34,700£34,700
Total Cash In	£143,450£143,450

Cash Out
Rent Range	£2,000 - £5,700£2,000 - £5,700
Rent Estimate	£2,038
Running Costs/mo	£1,787£1,787
Cashflow/mo	£251£251
Cashflow/yr	£3,012£3,012
ROI	2%2%
Gross Yield	6%6%

Local Sold Prices

33 sold prices from £315K to £1.4M, average is £530K. £3.6K/m² to £8.9K/m², average is £6.3K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£385K	10/23	0.1 mi	791a, High Road, London, Greater London N12 8JT	£4,281	90	3	Flat
£524K	01/25	0.17 mi	Emerald Court, Flat 11, Woodside Park Road, North Finchley, London N12 8XD	£5,402	97	3	Flat
£530K	07/23	0.17 mi	Flat 3, Emerald Court, Woodside Park Road, London, Greater London N12 8XD	-	-	3	Flat
£444.6K	06/21	0.21 mi	17a, Stanhope Road, London, Greater London N12 9DX	£6,193	72	3	Flat
£332K	10/23	0.25 mi	75, Grove Road, London, Greater London N12 9DS	£4,769	70	3	Flat
£594K	01/25	0.31 mi	100, Flat 1509, Kingsway, North Finchley, London N12 0EN	£4,992	119	3	Flat
£370K	03/25	0.38 mi	Arkley Mansions, Hutton Grove, North Finchley, London N12 8DX	£5,441	68	3	Flat
£550K	03/25	0.45 mi	Flat 7, 63 Garden Court, Holden Road, Woodside Lane To Westbury Road, London N12 7DG	£6,548	84	3	Flat
£550K	03/25	0.45 mi	Flat 7, 63 Garden Court, Holden Road, Woodside Lane To Westbury Road, London N12 7DG	-	-	3	Flat
£675K	11/24	0.48 mi	50, Woodhouse Road, North Finchley, London N12 0RJ	£6,308	107	3	Flat
£480K	10/22	0.49 mi	21, Cardrew Close, London, Greater London N12 9LE	£8,889	54	3	Flat
£436K	11/24	0.54 mi	13, Capel Close, Whetstone, London N20 0QU	£6,507	67	3	Flat
£362.5K	03/25	0.55 mi	5, The Woodlands, High Road, North Finchley, London N12 0DU	£4,647	78	3	Flat
£362.5K	03/25	0.55 mi	5, The Woodlands, High Road, North Finchley, London N12 0DU	-	-	3	Flat
£460K	10/23	0.65 mi	22, Montrose Crescent, London, Greater London N12 0ED	-	-	3	Flat
£850K	11/24	0.74 mi	2 Gladstone House, Flat 8, Quayle Crescent, Whetstone, London N20 0ER	£6,800	125	3	Flat
£675K	03/25	0.74 mi	Flat 6, 2 Gladstone House, Quayle Crescent, Whetstone, London N20 0ER	£6,818	99	3	Flat
£875K	03/25	0.74 mi	2 Gladstone House, Flat 7, Quayle Crescent, Whetstone, London N20 0ER	£7,813	112	3	Flat
£875K	03/25	0.74 mi	Flat 7, 2 Gladstone House, Quayle Crescent, Whetstone, London N20 0ER	-	-	3	Flat
£675K	03/25	0.74 mi	Flat 6, 2 Gladstone House, Quayle Crescent, Whetstone, London N20 0ER	-	-	3	Flat
£580K	11/23	0.77 mi	First Floor Flat, 24, Holdenhurst Avenue, London, Greater London N12 0JB	£7,838	74	3	Flat
£448K	03/25	0.77 mi	18a, Brownlow Road, Finchley, London N3 1NA	£5,209	86	3	Flat
£395K	05/25	0.83 mi	272, Hurstwood Court, Woodhouse Road, North Finchley, London N12 0LG	£5,064	78	3	Flat
£395K	05/25	0.83 mi	272, Hurstwood Court, Woodhouse Road, North Finchley, London N12 0LG	-	-	3	Flat
£554.5K	12/24	0.92 mi	9, Loring Road, Whetstone, London N20 0UJ	£7,393	75	3	Flat
£750K	03/25	0.93 mi	Flat 25, Barrydene, Oakleigh Road North, Whetstone, London N20 9HG	£5,906	127	3	Flat
£750K	03/25	0.93 mi	Flat 25, Barrydene, Oakleigh Road North, Whetstone, London N20 9HG	-	-	3	Flat
£490K	06/21	0.96 mi	36a, Queens Avenue, London, Greater London N3 2NP	-	-	3	Flat
£1.4M	05/23	0.96 mi	Flat 4, Grace Court, Totteridge Green, London, Greater London N20 8PY	£8,133	166	3	Flat
£315K	03/23	0.97 mi	1305c, High Road, London, Greater London N20 9HX	£3,621	87	3	Flat
£780K	10/24	0.98 mi	Highlands, Flat 17, Oakleigh Road North, Whetstone, London N20 9HA	£7,091	110	3	Flat
£1.3M	11/24	0.99 mi	11, Cornwall Avenue, Finchley, London N3 1LH	£7,911	158	3	Flat
£520K	11/22	0.99 mi	143, Glebelands Close, London, Greater London N12 0AN	-	-	3	Flat

Local Rents

50 rents from £2K/mo to £5.7K/mo, average is £2.9K/mo.

Rent	Date	Distance	Address	Beds	Type
£4,300	05/24	0.04 mi	-	3	Flat
£4,000	09/24	0.04 mi	-	3	Flat
£4,000	12/24	0.04 mi	-	3	Flat
£4,000	04/25	0.04 mi	-	3	Flat
£3,500	11/25	0.04 mi	-	3	Flat
£4,500	07/25	0.04 mi	-	3	Flat
£4,500	07/25	0.04 mi	-	3	Flat
£2,225	06/25	0.04 mi	-	3	Flat
£2,150	08/25	0.04 mi	-	3	Flat
£2,000	05/24	0.06 mi	Woodside Park Road, London, N12	3	Flat
£3,000	07/25	0.1 mi	-	3	Flat
£3,000	07/25	0.1 mi	-	3	Flat
£2,650	10/25	0.1 mi	-	3	Flat
£2,650	10/25	0.1 mi	-	3	Flat
£2,649	10/25	0.1 mi	-	3	Flat
£2,649	10/25	0.1 mi	-	3	Flat
£2,650	11/25	0.1 mi	-	3	Flat
£2,645	11/25	0.1 mi	-	3	Flat
£2,650	11/25	0.1 mi	-	3	Flat
£2,675	11/25	0.1 mi	-	3	Flat
£2,650	11/25	0.1 mi	-	3	Flat
£3,000	07/25	0.1 mi	Avenue Road, North Finchley N12	3	Detached House
£3,000	08/25	0.1 mi	-	3	Detached House
£2,600	12/24	0.11 mi	High Road, North Finchley, London, N12	3	Flat
£2,600	09/25	0.11 mi	High Road, North Finchley, London, N12	3	Flat
£5,200	05/24	0.11 mi	-	3	Flat
£2,850	05/24	0.11 mi	-	3	Flat
£5,200	10/25	0.11 mi	-	3	Flat
£2,850	05/24	0.11 mi	High Road, London, N12	3	Flat
£5,200	09/25	0.11 mi	High Road, London, N12	3	Flat
£5,200	10/25	0.11 mi	High Road, London, N12	3	Flat
£5,200	10/25	0.11 mi	High Road, London, N12	3	Flat
£2,980	12/24	0.12 mi	-	3	Terraced House
£2,500	05/24	0.13 mi	Percy Road, North Finchley, London	3	Flat
£2,850	12/24	0.13 mi	-	3	Flat
£3,198	05/24	0.16 mi	-	3	Flat
£2,500	05/24	0.16 mi	Coleridge Road, North Finchley	3	Flat
£2,800	06/25	0.17 mi	-	3	Terraced House
£3,200	10/25	0.17 mi	Woodside Avenue, Woodside Park, North Finchley, London, N12	3	Detached House
£3,200	10/25	0.17 mi	Woodside Avenue, Woodside Park, North Finchley, London, N12	3	Detached House
£2,400	11/25	0.17 mi	-	3	Terraced House
£2,900	06/24	0.17 mi	Woodside Park Road, Finchley, London, N12	3	Flat
£3,500	08/25	0.18 mi	Percy Road, London, N12	3	Terraced House
£3,500	09/25	0.18 mi	-	3	Terraced House
£3,750	07/25	0.18 mi	Sia Court, A High Road, London	3	Flat
£2,800	06/24	0.18 mi	Coleridge Road, London, N12	3	Semi-Detached House
£2,350	08/25	0.18 mi	Stanhope Road, North Finchley, London, N12	3	Semi-Detached House
£2,650	07/25	0.18 mi	-	3	Terraced House
£5,700	01/25	0.19 mi	-	3	Flat
£5,500	06/25	0.19 mi	-	3	Flat

Local Area Statistics

Population in N12	28,73928,739
Population in London	4,771,9214,771,921
Town centre distance	6.89 miles away6.89 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	0.35 miles away0.35 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	-2%-2%
Sales demand	Buyer's marketBuyer's market
Capital growth (5yrs)	+3%+3%

Property History

Listed for £435,000

June 7, 2024

Floor Plans

Description

Three Bedrooms +
First Floor Period Conversion +
Newly Extended Lease +
Opportunity to Modernise +
Close to transport +
Juliet balcony +

Situated in the Heart of North Finchley and within an attractive period building is this deceptively spacious and bright three bedroom first floor conversion. The property offers three generously sized bedrooms, a family bathroom, and an open plan kitchen/diner leading to an attractive Juliet balcony with the potential modernise and provides a unique opportunity to create a stunning three bedroom, two bathroom split level property boasting nearly 1000 sq. ft. Further benefits include, off street parking, a newly extended lease and is being sold chain free. Situated just moments from a variety of local shops, amenities, and convenient transport links, including Woodside Park Underground Station and North Finchley's High Road. To really appreciate the size, location and potential an internal viewing is highly recommended via vendors main agents Adam Hayes Estate Agents.

Agent Details

Adam Hayes Estate Agents, North Finchley, N12

020 3873 8415

Next Steps?

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

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