2 Bed Flat, Single Let, Enfield, EN3 6BN, £275,000

14B Ordnance Road, Enfield, Greater London, EN3 6BN - 20 views - 10 months ago

Leasehold

BTL

ROI: 4%

64 m²

+12 photos

ValuationUndervalued

Sold Prices	£135K - £341K
Sold Prices/m²	£3.6K/m² - £6.1K/m²

Square Metres	63.61 m²
Price/m²	£4.3K/m²
Value Estimate	£293,747£293,747
BMV	7%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£68,750£68,750
Stamp Duty & Legal Fees	£10,700£10,700
Total Cash In	£79,450£79,450

Cash Out
Rent Range	£1,400 - £2,750£1,400 - £2,750
Rent Estimate	£1,400
Running Costs/mo	£1,159£1,159
Cashflow/mo	£241£241
Cashflow/yr	£2,888£2,888
ROI	4%4%
Gross Yield	6%6%

Local Sold Prices

26 sold prices from £135K to £341K, average is £256K. £3.6K/m² to £6.1K/m², average is £4.8K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£255K	03/23	0.05 mi	43a, Ordnance Road, Enfield, Greater London EN3 6UT	£3,592	71	2	Flat
£242.5K	04/23	0.17 mi	2c, Putney Road, Enfield, Greater London EN3 6NJ	£4,254	57	2	Flat
£250K	03/23	0.23 mi	126b, Ordnance Road, Enfield, Greater London EN3 6BU	£5,000	50	2	Flat
£250K	12/22	0.23 mi	120b, Ordnance Road, Enfield, Greater London EN3 6BU	£4,950	51	2	Flat
£300K	04/23	0.25 mi	40a, Allandale Road, Enfield, Greater London EN3 6SB	-	-	2	Flat
£285K	01/21	0.27 mi	167, Ordnance Road, Enfield, Greater London EN3 6AD	£5,700	50	2	Flat
£341K	05/21	0.3 mi	13a, Turkey Street, Enfield, Greater London EN3 5TT	£4,372	78	2	Flat
£275K	11/20	0.51 mi	458, Hertford Road, Enfield, Greater London EN3 5QH	£4,297	64	2	Flat
£285K	08/23	0.55 mi	20, Bridle Close, Enfield, Greater London EN3 6EA	£4,524	63	2	Flat
£236K	03/21	0.55 mi	21, Bridle Close, Enfield, Greater London EN3 6EA	£4,000	59	2	Flat
£234.5K	03/21	0.55 mi	42, Bridle Close, Enfield, Greater London EN3 6EA	£5,453	43	2	Flat
£234.5K	03/21	0.55 mi	42, Bridle Close, Enfield, Greater London EN3 6EA	£5,453	43	2	Flat
£226K	02/21	0.56 mi	30, Bridle Close, Enfield, Greater London EN3 6EA	£4,809	47	2	Flat
£275K	03/21	0.56 mi	20, Riley Road, Enfield, Greater London EN3 5QB	-	-	2	Flat
£227.5K	12/20	0.59 mi	60, Bridle Close, Enfield, Greater London EN3 6EB	£4,740	48	2	Flat
£270K	02/21	0.59 mi	65, Bridle Close, Enfield, Greater London EN3 6EB	£3,857	70	2	Flat
£235K	02/23	0.6 mi	64, Bridle Close, Enfield, Greater London EN3 6EB	£3,917	60	2	Flat
£135K	11/22	0.63 mi	46, Stainton Road, Enfield, Greater London EN3 5JS	-	-	2	Flat
£257K	06/23	0.67 mi	55, Stainton Road, Enfield, Greater London EN3 5JP	£5,636	46	2	Flat
£220K	03/23	0.68 mi	259, Maltby Drive, Enfield, Greater London EN1 4ES	-	-	2	Flat
£267.5K	08/21	0.69 mi	140, Maltby Drive, Enfield, Greater London EN1 4EW	£5,047	53	2	Flat
£245K	10/21	0.84 mi	34, Shepley Mews, Enfield, Greater London EN3 6JP	£4,949	50	2	Flat
£300K	02/21	0.93 mi	48, Severn Drive, Enfield, Greater London EN1 4LY	£4,690	64	2	Flat
£280K	09/21	0.96 mi	50, Westmoor Road, Enfield, Greater London EN3 7LF	£6,087	46	2	Flat
£293K	11/22	0.98 mi	5, Aldis Mews, Enfield, Greater London EN3 6YE	£5,327	55	2	Flat
£285K	07/23	0.99 mi	9, Harston Drive, Enfield, Greater London EN3 6GG	£4,071	70	2	Flat

Local Rents

45 rents from £1.4K/mo to £2.8K/mo, average is £1.8K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,950	04/24	0.07 mi	Raynton Road, Enfield, EN3	2	Flat
£1,600	04/24	0.21 mi	Beaconsfield Road, Enfield	2	Flat
£1,800	01/25	0.22 mi	-	2	Flat
£1,890	12/24	0.24 mi	-	2	Flat
£1,895	12/24	0.24 mi	-	2	Flat
£1,850	11/24	0.24 mi	-	2	Flat
£1,700	04/25	0.25 mi	-	2	Flat
£1,800	05/24	0.29 mi	Larmans Road, Enfield, London, EN3	2	Flat
£1,800	05/24	0.36 mi	-	2	Flat
£1,800	04/24	0.36 mi	Malvern Road, Enfield Lock, EN3	2	Flat
£1,500	03/24	0.37 mi	-	2	Flat
£1,650	05/24	0.39 mi	Westonia Court, Hertford Road Enfield	2	Flat
£1,400	05/24	0.39 mi	-	2	Flat
£1,400	04/24	0.39 mi	-	2	Flat
£1,650	05/24	0.4 mi	-	2	Flat
£1,650	03/25	0.4 mi	-	2	Flat
£1,600	03/24	0.41 mi	Cunningham Avenue, Enfield	2	Flat
£1,550	02/24	0.41 mi	-	2	Flat
£1,450	02/25	0.41 mi	-	2	Flat
£1,995	04/24	0.42 mi	-	2	Flat
£1,900	10/24	0.42 mi	-	2	Flat
£1,900	11/24	0.42 mi	-	2	Flat
£1,400	04/24	0.43 mi	463-465 Hertford Road, Enfield, Greater London, EN3	2	Flat
£1,400	04/24	0.44 mi	-	2	Flat
£1,600	03/24	0.46 mi	Hoecroft Court, Hoe Lane, Enfield	2	Flat
£1,900	04/24	0.47 mi	Hoe Lane, Enfield, London, EN3	2	Terraced House
£1,650	12/24	0.47 mi	-	2	Flat
£1,750	11/24	0.51 mi	-	2	Flat
£1,600	03/24	0.52 mi	Element House, 74 Tysoe Avenue, Enfield, Greater London, EN3 6FG	2	Flat
£1,800	04/24	0.53 mi	Vernon Avenue, Enfield, London, EN3	2	Semi-Detached House
£2,150	02/25	0.54 mi	-	2	Semi-Detached House
£2,150	02/25	0.54 mi	-	2	Semi-Detached House
£2,150	02/25	0.54 mi	-	2	Semi-Detached House
£2,100	02/25	0.54 mi	-	2	Semi-Detached House
£2,100	04/25	0.54 mi	-	2	Semi-Detached House
£2,100	03/25	0.54 mi	-	2	Semi-Detached House
£1,600	04/24	0.55 mi	Kempe Road, Enfield	2	Flat
£1,800	03/25	0.58 mi	-	2	Flat
£1,550	01/24	0.58 mi	-	2	Flat
£1,650	03/24	0.59 mi	-	2	Flat
£1,650	04/24	0.59 mi	-	2	Semi-Detached House
£1,950	04/24	0.6 mi	-	2	Semi-Detached House
£1,950	03/24	0.6 mi	-	2	Semi-Detached House
£1,900	01/25	0.6 mi	-	2	Flat
£2,750	11/24	0.62 mi	-	2	Flat

Local Area Statistics

Population in EN3	55,68755,687
Population in Enfield	130,248130,248
Town centre distance	2.99 miles away2.99 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	0.38 miles away0.38 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 £275,000

June 17, 2024

Sold for £158,000

2007

Sold for £65,000

2000

Sold for £42,500

1996

Floor Plans

Description

2 double bedroom +
Balcony off the living room +
Communal parking area +
Gas central heating +
Double glazing +
Security entryphone +
Chain free +

A larger than average 2 bedroom top floor purpose built flat located on Ordnance Road, within approximately 0.5m of Enfield Lock BR station and close to the Hertford Road and a selection of shops, schools and bus routes. The property offers spacious family accommodation and an internal viewing is highly recommended. Features include: 2 double bedrooms, balcony off the living room, communal parking area, gas central heating, double glazing, security entryphone and chain free.

Agent Details

Castles Estate Agents, Enfield

020 3835 6089

Next Steps?

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

Similar Properties

Like this property? Maybe you'll like these ones close by too.

Sold STC

3 Bed Flat, Single Let, Enfield, EN3 6BN

£300,000

2 views • a month ago • 93 m²

Sold STC

3 Bed Flat, Single Let, Enfield, EN3 6UT

£259,900

7 views • 6 months ago • 73 m²

Sold STC

3 Bed House, Single Let, Enfield, EN3 6NT

£535,000

20 days ago • 93 m²

5 Bed House, Single Let, Enfield, EN3 6NU

£625,000

20 days ago • 178 m²

2 Bed Flat, Single Let, Enfield, EN3 6BN, £275,000

ValuationUndervalued

CashflowsOpen in Analyser

Local Sold PricesDownload Show map

Local RentsDownload Show map

Links

Local Area Statistics

Property History

Floor Plans

Description

Agent Details

Next Steps?

Similar Properties

3 Bed Flat, Single Let, Enfield, EN3 6BN

3 Bed Flat, Single Let, Enfield, EN3 6UT

3 Bed House, Single Let, Enfield, EN3 6NT

5 Bed House, Single Let, Enfield, EN3 6NU

Cashflows

Local Sold Prices

Local Rents