3 Bed Flat, Single Let, Enfield, EN3 5SL, £280,000

34A Hoe Lane, Enfield, Greater London, EN3 5SL - 7 views - 10 months ago

Leasehold

BTL

ROI: 8%

~75 m²

+8 photos

ValuationFair Value

Sold Prices	£208K - £925K
Sold Prices/m²	£2.5K/m² - £10.3K/m²

Square Metres	~74.71 m²
Price/m²	£3.7K/m²
Value Estimate	£283,489£283,489

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£70,000£70,000
Stamp Duty & Legal Fees	£11,100£11,100
Total Cash In	£81,100£81,100

Cash Out
Rent Range	£1,700 - £5,315£1,700 - £5,315
Rent Estimate	£1,769
Running Costs/mo	£1,249£1,249
Cashflow/mo	£520£520
Cashflow/yr	£6,242£6,242
ROI	8%8%
Gross Yield	8%8%

Local Sold Prices

33 sold prices from £208K to £925K, average is £305K. £2.5K/m² to £10.3K/m², average is £3.8K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£320K	10/21	0.31 mi	17, Old Road, Enfield, Greater London EN3 5XX	£3,784	85	3	Flat
£290K	02/23	0.52 mi	10a, Ordnance Road, Enfield, Greater London EN3 6BN	£3,800	76	3	Flat
£277K	06/21	0.67 mi	7, Yeomans Way, Enfield, Greater London EN3 5AP	£3,795	73	3	Flat
£265K	10/20	0.68 mi	8, Yeomans Way, Enfield, Greater London EN3 5AP	£3,193	83	3	Flat
£290K	11/22	0.83 mi	63, Ashton Road, Enfield, Greater London EN3 6DG	£3,867	75	3	Flat
£320K	03/21	1.41 mi	26, Lancaster Road, Enfield, Greater London EN2 0AX	£4,507	71	3	Flat
£315K	11/22	1.44 mi	91, Fishers Close, Waltham Cross, Hertfordshire EN8 7NN	-	-	3	Flat
£285K	03/21	1.48 mi	70, Park Lane, Waltham Cross, Hertfordshire EN8 8AQ	£3,654	78	3	Flat
£335K	01/21	1.54 mi	36, Cheviot Close, Enfield, Greater London EN1 3UZ	£4,036	83	3	Flat
£320K	10/20	1.58 mi	20, Ermine Side, Enfield, Greater London EN1 1DD	£4,103	78	3	Flat
£265K	02/21	1.65 mi	64, Hadrians Ride, Enfield, Greater London EN1 1DG	£3,681	72	3	Flat
£362K	06/21	1.72 mi	48, Beresford Gardens, Enfield, Greater London EN1 1NN	£5,487	66	3	Flat
£360K	06/21	1.72 mi	24, Beresford Gardens, Enfield, Greater London EN1 1NN	£5,373	67	3	Flat
£270K	03/21	1.75 mi	Flat 15, Reynolds House, Ayley Croft, Enfield, Greater London EN1 1XR	-	-	3	Flat
£307.5K	01/21	1.78 mi	60, St Marks Road, Enfield, Greater London EN1 1BE	£4,731	65	3	Flat
£267.5K	09/21	1.8 mi	Flat 44, Westminster Court, Eleanor Way, Waltham Cross, Hertfordshire EN8 7SH	-	-	3	Flat
£420K	10/22	1.82 mi	Flat 1, Temple House, Old Park Ride, Waltham Cross, Hertfordshire EN7 5HY	-	-	3	Flat
£417.5K	02/21	2 mi	61, Kirkland Drive, Enfield, Greater London EN2 0RJ	£3,728	112	3	Flat
£299.9K	06/21	2.13 mi	7a, Causeyware Road, Edmonton, London, Greater London N9 8BP	-	-	3	Flat
£282K	10/20	2.18 mi	11, Foxwood Chase, Waltham Abbey, Essex EN9 3YW	£4,029	70	3	Flat
£925K	08/21	2.37 mi	Flat 10, Holly Tree Lodge, The Ridgeway, Enfield, Greater London EN2 8QT	-	-	3	Flat
£465K	07/22	2.52 mi	46, Rugby Avenue, London, Greater London N9 9EP	-	-	3	Flat
£295K	10/20	2.61 mi	119, Bounces Road, London, Greater London N9 8LJ	£4,155	71	3	Flat
£283K	02/21	2.62 mi	209, Bounces Road, London, Greater London N9 8LL	£3,369	84	3	Flat
£305K	10/23	2.62 mi	205, Bounces Road, London, Greater London N9 8LL	£3,427	89	3	Flat
£270K	11/20	2.63 mi	275, Bounces Road, London, Greater London N9 8LP	£2,967	91	3	Flat
£335K	11/23	2.69 mi	50, Picketts Lock Lane, London, Greater London N9 0AX	-	-	3	Flat
£268K	03/21	2.71 mi	60, Osward Place, London, Greater London N9 7EF	£3,116	86	3	Flat
£208K	06/23	2.71 mi	64, Osward Place, London, Greater London N9 7EF	£2,476	84	3	Flat
£331K	04/23	2.82 mi	350, Roundhills, Waltham Abbey, Essex EN9 1UQ	£3,378	98	3	Flat
£250K	05/21	2.86 mi	82, Kingsley Avenue, Cheshunt, Waltham Cross, Hertfordshire EN8 9PR	£3,788	66	3	Flat
£328K	11/21	2.89 mi	137a, Church Street, London, Greater London N9 9RN	£10,250	32	3	Flat
£535K	03/21	2.98 mi	29a, Elm Park Road, London, Greater London N21 2HP	-	-	3	Flat

Local Rents

47 rents from £1.7K/mo to £5.3K/mo, average is £2.2K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,900	11/24	0.06 mi	-	3	Terraced House
£1,750	04/24	0.12 mi	-	3	Semi-Detached House
£1,800	12/24	0.12 mi	-	3	Semi-Detached House
£1,800	04/24	0.13 mi	The Loning, Enfield	3	Terraced House
£2,500	03/25	0.13 mi	-	3	Terraced House
£5,315	04/24	0.19 mi	-	3	Semi-Detached House
£2,595	03/24	0.21 mi	Longfield Avenue, Enfield, EN3	3	Flat
£2,000	04/24	0.22 mi	Longfield Avenue, EN3	3	Terraced House
£2,100	03/24	0.24 mi	Elmore Road,	3	Detached House
£2,150	03/25	0.27 mi	-	3	Semi-Detached House
£2,400	03/25	0.3 mi	-	3	Terraced House
£2,500	04/24	0.33 mi	-	3	Terraced House
£2,500	03/24	0.35 mi	Stoneleigh Avenue, Enfield, EN1	3	Detached House
£2,150	04/24	0.35 mi	-	3	Flat
£2,150	04/24	0.35 mi	Turkey Street, Enfield, EN3	3	Flat
£2,100	04/24	0.35 mi	-	3	Terraced House
£2,025	02/25	0.37 mi	-	3	Terraced House
£2,100	05/24	0.37 mi	-	3	Semi-Detached House
£2,250	04/24	0.39 mi	Auckland Close, Enfield	3	Flat
£2,000	03/24	0.45 mi	Great Cambridge Road, Enfield, EN1	3	Flat
£2,000	04/24	0.46 mi	Beaconsfield Road, EN3	3	Terraced House
£1,700	03/24	0.46 mi	-	3	Terraced House
£2,300	02/25	0.47 mi	-	3	Terraced House
£2,300	03/25	0.48 mi	-	3	Terraced House
£2,600	03/25	0.48 mi	-	3	Terraced House
£2,400	03/25	0.48 mi	-	3	Terraced House
£1,950	01/25	0.49 mi	-	3	Flat
£1,850	03/24	0.5 mi	The Sunny Road, Enfield Highway, EN3	3	Flat
£2,250	04/24	0.5 mi	Carterhatch Road	3	Detached House
£2,250	03/25	0.52 mi	-	3	Flat
£2,200	04/24	0.54 mi	Uckfield Road, Enfield, Middlesex	3	Terraced House
£2,200	03/25	0.55 mi	-	3	Terraced House
£2,450	03/25	0.56 mi	-	3	Semi-Detached House
£2,450	03/25	0.56 mi	-	3	Semi-Detached House
£2,450	03/25	0.56 mi	-	3	Semi-Detached House
£2,500	04/24	0.56 mi	Enfield Mews, Ordnance Road, EN3	3	Detached House
£2,500	04/24	0.56 mi	Enfield Mews, Ordnance Road, EN3	3	Detached House
£2,300	04/24	0.56 mi	Enfield Mews, Ordnance Road, EN3	3	Flat
£3,350	03/24	0.57 mi	Ordnance Road, Enfield	3	Flat
£2,400	04/24	0.57 mi	Enfield Mews, Ordnance Road, EN3	3	Detached House
£1,950	03/24	0.58 mi	Westmoor Gardens, Enfield	3	Flat
£1,995	03/25	0.59 mi	-	3	Flat
£2,150	03/25	0.59 mi	-	3	Flat
£1,995	03/25	0.59 mi	-	3	Flat
£2,200	04/24	0.6 mi	Aylands Road, Enfield EN3	3	Terraced House
£2,250	04/24	0.61 mi	Great Cambridge Road, Enfield, Middlesex, EN1	3	Terraced House
£1,800	04/24	0.62 mi	Bowood Road, EN3	3	Terraced House

Local Area Statistics

Population in EN3	55,68755,687
Population in Enfield	130,248130,248
Town centre distance	2.51 miles away2.51 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.44 miles away0.44 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 £280,000

June 20, 2024

Sold for £160,000

2007

Sold for £145,000

2004

Floor Plans

Description

3 bedrooms +
2 balconies +
Gas central heating +
Double glazing +
Communal gardens +
Security entryphone +

* BUY TO LET INVESTORS ONLY * A 3 bedroom 1st floor purpose built flat with 2 balconies located off the Hertford Road in Enfield Highway within approximately 0.5 miles of Turkey Street BR station. Features include: 2 balconies, gas central heating, double glazing, communal gardens, security entryphone. Please note that this property comes with a tenant in situ, please contact us for more information.

Agent Details

Castles Estate Agents, Enfield

020 3835 6089

Next Steps?

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