2 Bed Flat, Single Let, London, N3 1XY, £595,000

Ballards Lane, Finchley, N3 1XY - 3 views - 10 months ago

Leasehold

BTL

~68 m²

+13 photos

ValuationOvervalued

Sold Prices	£235K - £931K
Sold Prices/m²	£3.7K/m² - £9.4K/m²

Square Metres	~68.11 m²
Price/m²	£8.7K/m²
Value Estimate	£476,777£476,777

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£148,750£148,750
Stamp Duty & Legal Fees	£36,300£36,300
Total Cash In	£185,050£185,050

Cash Out
Rent Range	£1,600 - £2,480£1,600 - £2,480
Rent Estimate	£1,650
Running Costs/mo	£2,209£2,209
Cashflow/mo	£-559£-559
Cashflow/yr	£-6,712£-6,712
Gross Yield	3%3%

Local Sold Prices

50 sold prices from £235K to £931K, average is £440K. £3.7K/m² to £9.4K/m², average is £7K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£475K	06/21	0.04 mi	10, Falkland Avenue, London, Greater London N3 1QR	-	-	2	Flat
£472K	04/21	0.04 mi	2a, Falkland Avenue, London, Greater London N3 1QR	£6,941	68	2	Flat
£580K	03/21	0.11 mi	66, Princes Avenue, London, Greater London N3 2DB	-	-	2	Flat
£550K	12/22	0.11 mi	62b, Princes Avenue, London, Greater London N3 2DB	-	-	2	Flat
£565K	09/21	0.21 mi	34, Redbourne Avenue, London, Greater London N3 2BS	£5,090	111	2	Flat
£620K	06/21	0.22 mi	4, Howcroft Crescent, London, Greater London N3 1PB	£7,045	88	2	Flat
£400K	03/21	0.23 mi	14a, Brownlow Road, London, Greater London N3 1NA	£6,452	62	2	Flat
£405K	03/23	0.23 mi	Flat 17, Norman Court, Nether Street, London, Greater London N3 1QQ	-	-	2	Flat
£398K	06/23	0.27 mi	Flat 13, Western Court, Huntly Drive, London, Greater London N3 1NX	-	-	2	Flat
£237.4K	01/23	0.3 mi	Flat 5, The Fountains, Ballards Lane, Finchley, London, Greater London N3 1NL	-	-	2	Flat
£454K	10/22	0.33 mi	Flat 33, Finchley Court, Ballards Lane, Finchley, London, Greater London N3 1NH	-	-	2	Flat
£460K	04/21	0.33 mi	18, Grosvenor Road, London, Greater London N3 1EX	£7,077	65	2	Flat
£412.5K	02/21	0.33 mi	Flat 1, Finchley Court, Ballards Lane, Finchley, London, Greater London N3 1NH	-	-	2	Flat
£450K	06/21	0.34 mi	61, Grosvenor Road, London, Greater London N3 1EY	£7,258	62	2	Flat
£575K	05/21	0.34 mi	45, Grosvenor Road, London, Greater London N3 1EY	£9,271	62	2	Flat
£490K	06/21	0.34 mi	Flat A, 3, Etchingham Park Road, London, Greater London N3 2DU	£7,758	63	2	Flat
£415K	04/21	0.34 mi	15a, Dollis Road, London, Greater London N3 1RB	-	-	2	Flat
£425K	04/21	0.35 mi	Flat 11, Dollis Court, Crescent Road, London, Greater London N3 1HR	-	-	2	Flat
£415K	11/20	0.35 mi	51, Grosvenor Road, London, Greater London N3 1EY	£6,684	62	2	Flat
£500K	06/21	0.35 mi	57, Dollis Park, London, Greater London N3 1HJ	£7,042	71	2	Flat
£423K	07/23	0.36 mi	Flat 76, Finchley Court, Ballards Lane, Finchley, London, Greater London N3 1NJ	-	-	2	Flat
£590K	12/20	0.36 mi	Ground Floor Flat, 25, Elm Park Road, London, Greater London N3 1EG	£8,939	66	2	Flat
£460K	06/21	0.36 mi	70a, Elm Park Road, London, Greater London N3 1EB	-	-	2	Flat
£235K	12/20	0.37 mi	70, Eversleigh Road, London, Greater London N3 1JA	£3,730	63	2	Flat
£390K	05/21	0.37 mi	55, Long Lane, London, Greater London N3 2HY	£5,065	77	2	Flat
£515K	06/21	0.37 mi	95a, Long Lane, London, Greater London N3 2HY	£6,719	77	2	Flat
£380K	05/23	0.37 mi	83a, Long Lane, London, Greater London N3 2HY	-	-	2	Flat
£472K	12/22	0.38 mi	Flat 21, Etchingham Court, Etchingham Park Road, London, Greater London N3 2EA	-	-	2	Flat
£400K	04/21	0.38 mi	47a, Lichfield Grove, London, Greater London N3 2JJ	-	-	2	Flat
£273.8K	03/21	0.39 mi	Flat 5, Spencer Court, Granville Road, London, Greater London N12 0HN	-	-	2	Flat
£440K	03/21	0.4 mi	7a, Woodlands Avenue, London, Greater London N3 2NS	-	-	2	Flat
£489K	12/20	0.4 mi	11, Woodlands Avenue, London, Greater London N3 2NS	-	-	2	Flat
£415K	09/23	0.41 mi	18, Burnbrae Close, London, Greater London N12 8PH	£6,103	68	2	Flat
£390K	11/20	0.41 mi	18, Burnbrae Close, London, Greater London N12 8PH	£5,735	68	2	Flat
£450K	12/22	0.41 mi	28, Gordon Road, London, Greater London N3 1EJ	£5,921	76	2	Flat
£450K	08/23	0.42 mi	55a, Dollis Road, London, Greater London N3 1RD	-	-	2	Flat
£436K	03/21	0.42 mi	55b, Dollis Road, London, Greater London N3 1RD	£7,267	60	2	Flat
£410K	04/21	0.42 mi	Ground Floor Maisonette, 83, Dollis Road, London, Greater London N3 1RD	-	-	2	Flat
£347K	10/20	0.42 mi	214c, Ballards Lane, London, Greater London N3 2LX	£5,422	64	2	Flat
£535K	05/23	0.42 mi	22, Woodlands Avenue, London, Greater London N3 2NR	£9,386	57	2	Flat
£368.1K	11/21	0.44 mi	261b, Ballards Lane, London, Greater London N3 1NG	£6,347	58	2	Flat
£430K	01/21	0.44 mi	Flat 8, The Laurels, Nether Street, London, Greater London N3 1NP	-	-	2	Flat
£440K	11/20	0.44 mi	190a, Squires Lane, London, Greater London N3 2QT	£6,769	65	2	Flat
£470K	11/20	0.44 mi	196, Squires Lane, London, Greater London N3 2QT	£7,705	61	2	Flat
£931K	05/21	0.45 mi	93, Lichfield Grove, London, Greater London N3 2JL	£7,000	133	2	Flat
£485K	10/23	0.46 mi	27b, Granville Road, London, Greater London N12 0HP	£7,647	63	2	Flat
£500K	11/22	0.46 mi	2, Woodberry Gardens, London, Greater London N12 0HD	£8,197	61	2	Flat
£385K	01/23	0.47 mi	165, Squires Lane, London, Greater London N3 2AA	-	-	2	Flat
£360K	04/21	0.47 mi	61, Bow Lane, London, Greater London N12 0JL	-	-	2	Flat
£308K	08/23	0.5 mi	170d, Long Lane, London, Greater London N3 2RA	-	-	2	Flat

Local Rents

50 rents from £1.6K/mo to £2.5K/mo, average is £1.9K/mo.

Rent	Date	Distance	Address	Beds	Type
£2,150	05/24	0.04 mi	Cornwall Avenue, Finchley	2	Flat
£2,150	08/24	0.04 mi	Cornwall Works, London, N3	2	Flat
£2,150	08/24	0.04 mi	-	2	Flat
£2,200	06/24	0.05 mi	-	2	Flat
£2,199	07/24	0.05 mi	-	2	Flat
£2,200	07/24	0.05 mi	-	2	Flat
£1,900	05/24	0.05 mi	-	2	Flat
£1,900	05/24	0.05 mi	Long Lane, London, N3	2	Flat
£2,200	07/24	0.05 mi	-	2	Flat
£2,200	08/24	0.05 mi	-	2	Flat
£1,950	05/24	0.06 mi	-	2	Flat
£1,950	05/24	0.06 mi	Ballards Lane, London, N3	2	Flat
£1,950	07/24	0.07 mi	Ballards Lane, Finchley	2	Flat
£1,950	09/24	0.07 mi	Ballards Lane, Finchley	2	Flat
£1,846	09/24	0.08 mi	Princes Avenue, Finchley Central N3	2	Flat
£2,050	09/24	0.1 mi	-	2	Flat
£2,050	04/25	0.1 mi	-	2	Flat
£2,050	08/24	0.1 mi	Princes Avenue, London, N3	2	Flat
£1,700	03/25	0.1 mi	-	2	Flat
£2,050	08/24	0.1 mi	-	2	Flat
£1,750	08/24	0.11 mi	Ballards Lane, London, N3	2	Flat
£2,200	05/24	0.11 mi	-	2	House
£1,750	06/24	0.11 mi	Princes Avenue, Finchley Central, London	2	Flat
£2,000	06/24	0.12 mi	Ballards Lane, Church End, London, N3	2	Flat
£1,950	06/24	0.13 mi	Dorset Mews, London, N3	2	Flat
£2,100	06/24	0.14 mi	Dorset Mews London N3	2	Flat
£1,750	06/24	0.15 mi	Long Lane, Finchley, London	2	Flat
£2,200	05/24	0.16 mi	Ballards Lane, London, N3	2	Flat
£1,725	08/24	0.18 mi	Princes Avenue, Finchley Central, N3	2	Flat
£2,000	07/24	0.18 mi	Ballards Lane, Finchley	2	Flat
£2,250	05/24	0.18 mi	Princes Avenue, Finchley, N3	2	Flat
£1,850	02/24	0.18 mi	-	2	House
£1,800	06/24	0.18 mi	Nether Close, (MS072), Finchley, N3	2	Flat
£1,900	08/24	0.19 mi	The Grove, Finchley Central, London	2	Flat
£1,700	07/24	0.19 mi	The Grove, Finchley Central, London, N3 1QT	2	Flat
£2,300	07/24	0.2 mi	Shakespeare Road, London, N3	2	Flat
£1,850	05/24	0.2 mi	Nether Close, N3 1AA	2	Flat
£1,700	11/24	0.21 mi	-	2	Flat
£1,900	08/24	0.21 mi	Ballards Lane, Finchley Central, N3	2	Flat
£1,900	09/24	0.21 mi	Ballards Lane, Finchley Central, N3	2	Flat
£1,900	08/24	0.21 mi	Ballards Lane, Finchley Central, N3	2	Flat
£2,295	05/24	0.21 mi	Ballards Lane, Finchley	2	Flat
£2,350	07/24	0.21 mi	Ballards Lane, Finchley	2	Flat
£1,900	01/25	0.21 mi	-	2	Flat
£1,900	02/25	0.21 mi	-	2	Flat
£2,480	04/25	0.22 mi	-	2	Bungalow
£2,450	08/24	0.22 mi	-	2	Flat
£2,000	05/24	0.23 mi	Ballards Lane, Finchley Central, N3	2	Flat
£1,600	05/24	0.23 mi	Nether Street, Finchley, N3	2	Flat
£1,600	04/25	0.23 mi	-	2	Flat

Local Area Statistics

Population in N3	26,58426,584
Population in London	4,771,9214,771,921
Town centre distance	6.39 miles away6.39 miles away
Nearest school	0.40 miles away0.40 miles away
Nearest train station	0.27 miles away0.27 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	-30%-30%
Sales demand	Buyer's marketBuyer's market
Capital growth (5yrs)	+19%+19%

Property History

Listed for £595,000

June 20, 2024

Floor Plans

Description

Penthouse Apartment +
Long Lease of 120 years +
Allocated private parking +
Private Roof Terrace +
Newly Refurbished +
Two Double Bedrooms +
Two Bathrooms - One Ensuite +
Building with Lift +
Cutting Edge Decor +
EPC Rating B +

A superbly refurbished Penthouse apartment, situated in a particularly upcoming location in central Finchley. This fantastic top floor flat offers 922 sq ft of luxury and modern living space.

As you step into the property, you are welcomed by a large entrance hallway leading to stylish and comfortable newly fitted kitchen diner ideal for relaxing and/or entertaining guests. The two well-appointed bedrooms provide ample space for a growing family, guests, or even a home office. Having recently been thoroughly refurbished to the highest standard, the property offers modern appliances, energy efficiency and cutting edge decor throughout.

Other benefits include two double bedrooms, two bathrooms, one an ensuite, and a private and discreet roof terrace. The property comes with allocated private parking, long lease and is sold chain free.

Agent Details

Salter Rex, Kentish Town

020 3889 5983

Next Steps?

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

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