2 Bed Flat, Single Let, London, N9 9PU, £285,000

Latymer Road, London, N9 9PU - 6 views - 10 months ago

Leasehold

BTL

ROI: 5%

~68 m²

+6 photos

ValuationUndervalued

Sold Prices	£161.5K - £415K
Sold Prices/m²	£3.2K/m² - £7K/m²

Square Metres	~68.11 m²
Price/m²	£4.2K/m²
Value Estimate	£329,011£329,011
BMV	15%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£71,250£71,250
Stamp Duty & Legal Fees	£11,500£11,500
Total Cash In	£82,750£82,750

Cash Out
Rent Range	£1,250 - £2,000£1,250 - £2,000
Rent Estimate	£1,575
Running Costs/mo	£1,226£1,226
Cashflow/mo	£349£349
Cashflow/yr	£4,193£4,193
ROI	5%5%
Gross Yield	7%7%

Local Sold Prices

38 sold prices from £161.5K to £415K, average is £257.8K. £3.2K/m² to £7K/m², average is £4.9K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£280K	02/23	0.09 mi	89, Church Lane, London, Greater London N9 9QA	£4,000	70	2	Flat
£303K	09/22	0.13 mi	17, Lichfield Road, London, Greater London N9 9HD	£5,203	58	2	Flat
£262.5K	04/21	0.16 mi	62, Milestone Close, London, Greater London N9 9GA	£4,953	53	2	Flat
£273.5K	07/21	0.16 mi	17, Ruskin Walk, London, Greater London N9 9DT	£3,907	70	2	Flat
£250K	09/23	0.17 mi	31, Beechwood Mews, London, Greater London N9 9XH	£4,545	55	2	Flat
£250K	01/21	0.17 mi	15, Beechwood Mews, London, Greater London N9 9XH	£4,604	54	2	Flat
£290K	03/23	0.17 mi	29, Beechwood Mews, London, Greater London N9 9XH	£5,257	55	2	Flat
£270K	12/22	0.17 mi	27, Beechwood Mews, London, Greater London N9 9XH	£4,762	57	2	Flat
£226K	01/21	0.2 mi	124, Croyland Road, London, Greater London N9 7BD	£3,965	57	2	Flat
£280K	06/23	0.2 mi	Ground Floor Flat, 23, Arthur Road, London, Greater London N9 9AF	£3,636	77	2	Flat
£258K	12/20	0.2 mi	21, All Saints Close, London, Greater London N9 9AT	£4,868	53	2	Flat
£278K	10/22	0.27 mi	13, Sawyer Close, London, Greater London N9 9XP	£6,043	46	2	Flat
£222.5K	10/20	0.27 mi	119, Croyland Road, London, Greater London N9 7BH	-	-	2	Flat
£225K	09/22	0.42 mi	185b, Church Street, Edmonton, London, Greater London N9 9HL	-	-	2	Flat
£315K	10/23	0.45 mi	16a, Sunnyside Road North, London, Greater London N9 9SW	-	-	2	Flat
£260K	03/21	0.59 mi	53, Pycroft Way, London, Greater London N9 9XU	£4,906	53	2	Flat
£270K	09/22	0.59 mi	49, Pycroft Way, London, Greater London N9 9XU	£5,348	50	2	Flat
£262K	05/21	0.62 mi	Flat 4, Romany House, Beaconsfield Road, London, Greater London N9 0PY	-	-	2	Flat
£260K	12/22	0.63 mi	52, Pycroft Way, London, Greater London N9 9XY	£4,407	59	2	Flat
£161.5K	06/21	0.65 mi	Flat 29, Churchill Court, Ainsley Close, Edmonton, London, Greater London N9 9XJ	-	-	2	Flat
£265K	07/22	0.82 mi	28, Herne Mews, London, Greater London N18 2QZ	-	-	2	Flat
£257.5K	09/21	0.83 mi	42, Grilse Close, London, Greater London N9 0UU	£4,952	52	2	Flat
£290K	08/21	0.87 mi	126, Village Road, Enfield, Greater London EN1 2EX	£4,603	63	2	Flat
£415K	11/22	0.88 mi	114a, Village Road, Enfield, Greater London EN1 2EX	£7,034	59	2	Flat
£247.5K	06/21	0.89 mi	21, Hennessy Road, London, Greater London N9 0XA	-	-	2	Flat
£240K	10/22	0.89 mi	6, Hennessy Road, London, Greater London N9 0XQ	-	-	2	Flat
£248K	06/21	0.91 mi	201, St Marys Road, Edmonton, London, Greater London N9 8NR	£3,992	62	2	Flat
£257K	10/22	0.91 mi	14, Hennessy Road, London, Greater London N9 0XQ	-	-	2	Flat
£275K	03/22	0.91 mi	41, Jeremys Green, London, Greater London N18 2NB	£4,260	65	2	Flat
£240K	04/21	0.92 mi	30, Pentland Close, London, Greater London N9 0XN	£4,898	49	2	Flat
£240K	04/21	0.92 mi	30, Pentland Close, London, Greater London N9 0XN	£4,898	49	2	Flat
£225K	04/21	0.96 mi	32, Buxton Close, London, Greater London N9 0XL	-	-	2	Flat
£243K	02/23	0.96 mi	38, Tanners End Lane, London, Greater London N18 1PG	£3,197	76	2	Flat
£255K	06/22	0.96 mi	49, Tanners End Lane, London, Greater London N18 1PQ	£5,835	44	2	Flat
£251K	10/21	0.97 mi	14, Dickens Lane, London, Greater London N18 1PH	-	-	2	Flat
£230K	06/22	0.97 mi	23, Dickens Lane, London, Greater London N18 1PH	£5,610	41	2	Flat
£250K	08/22	0.98 mi	55, Tanners End Lane, London, Greater London N18 1PQ	£3,571	70	2	Flat
£293K	03/23	1 mi	10, Lingfield Close, Enfield, Greater London EN1 2JL	£5,327	55	2	Flat

Local Rents

40 rents from £1.3K/mo to £2K/mo, average is £1.8K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,600	02/24	0.06 mi	-	2	Flat
£1,600	02/24	0.06 mi	-	2	Flat
£1,900	07/24	0.12 mi	Marlborough Road, Edmonton, N9	2	Terraced House
£1,850	02/24	0.12 mi	Marlborough Road, Edmonton, N9	2	Terraced House
£1,700	05/24	0.15 mi	-	2	Flat
£1,650	06/24	0.15 mi	-	2	Flat
£1,700	06/24	0.18 mi	Arthur Road, Edmonton, N9	2	Flat
£1,700	03/25	0.19 mi	-	2	Flat
£1,750	01/25	0.2 mi	-	2	Flat
£1,650	12/24	0.22 mi	-	2	Flat
£1,650	02/25	0.22 mi	-	2	Flat
£2,000	05/24	0.23 mi	-	2	Flat
£1,550	06/24	0.23 mi	Washbourne Court, Acton Close, Edmonton, N9	2	Flat
£1,695	05/24	0.24 mi	-	2	Flat
£1,800	03/25	0.26 mi	-	2	Flat
£1,600	07/24	0.28 mi	-	2	Flat
£1,600	07/24	0.28 mi	Flexistowe Road, London, N9	2	Flat
£1,800	03/25	0.31 mi	-	2	Flat
£1,795	03/25	0.35 mi	-	2	Flat
£1,795	05/24	0.35 mi	-	2	Flat
£1,795	05/24	0.36 mi	-	2	Flat
£1,850	02/25	0.38 mi	-	2	Terraced House
£1,900	06/24	0.39 mi	-	2	Flat
£1,850	07/24	0.4 mi	-	2	Flat
£1,850	05/24	0.41 mi	-	2	Flat
£1,850	06/24	0.41 mi	-	2	Flat
£1,690	01/25	0.41 mi	-	2	Flat
£1,900	06/24	0.43 mi	South Road, London, N9	2	Semi-Detached House
£1,900	07/24	0.43 mi	South Road, London, N9	2	Semi-Detached House
£1,900	07/24	0.43 mi	South Road, London, N9	2	Semi-Detached House
£1,900	07/24	0.43 mi	-	2	Semi-Detached House
£1,650	01/25	0.45 mi	-	2	Flat
£1,650	03/25	0.46 mi	-	2	Flat
£1,250	01/25	0.51 mi	-	2	Detached House
£1,800	12/24	0.54 mi	-	2	Terraced House
£1,900	01/25	0.56 mi	-	2	Flat
£1,900	02/25	0.56 mi	-	2	Flat
£1,800	07/24	0.56 mi	-	2	Flat
£1,900	07/24	0.59 mi	-	2	Flat
£1,850	03/25	0.61 mi	-	2	Flat

Local Area Statistics

Population in N9	51,42251,422
Population in London	4,771,9214,771,921
Town centre distance	7.12 miles away7.12 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	0.36 miles away0.36 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 £285,000

June 10, 2024

Floor Plans

Description

GROUND FLOOR CONVERSION FLAT +
TWO BEDROOMS +
SPACIOUS KITCHEN +
MODERN BATHROOM +
PRIVATE REAR GARDEN +
DOUBLE GLAZED WINDOWS +
GAS CENTRAL HEATING +
LONG LEASE +
CLOSE TO EDMONTON GREEN STATION +

Knights are delighted to offer this fantastic Two Bedroom Conversion Flat, located within walking distance of Edmonton Green Station and Edmonton Green Shopping Centre. This delightful Ground Floor Flat exudes character and history, boasting; Two Bedrooms, Spacious Kitchen, Bathroom, Private Rear Garden, Double Glazed Windows and Gas Central Heating. This Ground Floor Flat adds unique style, offering any incoming buyer the opportunity to turn this property into a home.

Property Information:
EPC - C
Lease Length: Approx 110 years
Council Tax Band: C

Agent Details

Knights Residential, Edmonton

020 3840 3527

Next Steps?

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

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