2 Bed Flat, Single Let, Enfield, EN3 6RL, £265,000

24 Archibald Close, Enfield Highway, Middlesex, EN3 5AZ - 9 months ago

Leasehold

BTL

ROI: 6%

~66 m²

+9 photos

ValuationUndervalued

Sold Prices	£135K - £341K
Sold Prices/m²	£3.6K/m² - £5.7K/m²

Square Metres	~66.10 m²
Price/m²	£4K/m²
Value Estimate	£311,565£311,565
BMV	18%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£66,250£66,250
Stamp Duty & Legal Fees	£15,200£15,200
Total Cash In	£81,450£81,450

Cash Out
Rent Range	£1,400 - £2,150£1,400 - £2,150
Rent Estimate	£1,531
Running Costs/mo	£1,154£1,154
Cashflow/mo	£377£377
Cashflow/yr	£4,520£4,520
ROI	6%6%
Gross Yield	7%7%

Local Sold Prices

37 sold prices from £135K to £341K, average is £250K. £3.6K/m² to £5.7K/m², average is £4.7K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£300K	04/23	0.07 mi	40a, Allandale Road, Enfield, Greater London EN3 6SB	-	-	2	Flat
£242.5K	04/23	0.11 mi	2c, Putney Road, Enfield, Greater London EN3 6NJ	£4,254	57	2	Flat
£250K	10/20	0.11 mi	113, Cunningham Avenue, Enfield, Greater London EN3 6LA	£4,545	55	2	Flat
£250K	10/20	0.12 mi	113, Cunningham Avenue, Enfield, Greater London EN3 6LA	£4,545	55	2	Flat
£250K	03/23	0.29 mi	126b, Ordnance Road, Enfield, Greater London EN3 6BU	£5,000	50	2	Flat
£250K	12/22	0.29 mi	120b, Ordnance Road, Enfield, Greater London EN3 6BU	£4,950	51	2	Flat
£255K	03/23	0.31 mi	43a, Ordnance Road, Enfield, Greater London EN3 6UT	£3,592	71	2	Flat
£285K	01/21	0.32 mi	167, Ordnance Road, Enfield, Greater London EN3 6AD	£5,700	50	2	Flat
£234.5K	03/21	0.48 mi	42, Bridle Close, Enfield, Greater London EN3 6EA	£5,453	43	2	Flat
£234.5K	03/21	0.48 mi	42, Bridle Close, Enfield, Greater London EN3 6EA	£5,453	43	2	Flat
£285K	08/23	0.49 mi	20, Bridle Close, Enfield, Greater London EN3 6EA	£4,524	63	2	Flat
£236K	03/21	0.49 mi	21, Bridle Close, Enfield, Greater London EN3 6EA	£4,000	59	2	Flat
£226K	02/21	0.49 mi	30, Bridle Close, Enfield, Greater London EN3 6EA	£4,809	47	2	Flat
£341K	05/21	0.5 mi	13a, Turkey Street, Enfield, Greater London EN3 5TT	£4,372	78	2	Flat
£227.5K	12/20	0.52 mi	60, Bridle Close, Enfield, Greater London EN3 6EB	£4,740	48	2	Flat
£270K	02/21	0.52 mi	65, Bridle Close, Enfield, Greater London EN3 6EB	£3,857	70	2	Flat
£235K	02/23	0.53 mi	64, Bridle Close, Enfield, Greater London EN3 6EB	£3,917	60	2	Flat
£275K	11/20	0.77 mi	458, Hertford Road, Enfield, Greater London EN3 5QH	£4,297	64	2	Flat
£245K	10/21	0.81 mi	34, Shepley Mews, Enfield, Greater London EN3 6JP	£4,949	50	2	Flat
£275K	03/21	0.82 mi	20, Riley Road, Enfield, Greater London EN3 5QB	-	-	2	Flat
£222K	01/21	0.86 mi	Flat 30, Maple Leaf Court, Cross Road, Waltham Cross, Hertfordshire EN8 7HU	-	-	2	Flat
£250K	03/21	0.87 mi	66, Foundry Gate, Waltham Cross, Hertfordshire EN8 7HR	£4,098	61	2	Flat
£275K	11/21	0.87 mi	62, Foundry Gate, Waltham Cross, Hertfordshire EN8 7HR	£4,741	58	2	Flat
£255K	01/21	0.87 mi	22, Foundry Gate, Waltham Cross, Hertfordshire EN8 7HR	£4,048	63	2	Flat
£135K	11/22	0.89 mi	46, Stainton Road, Enfield, Greater London EN3 5JS	-	-	2	Flat
£293K	11/22	0.89 mi	5, Aldis Mews, Enfield, Greater London EN3 6YE	£5,327	55	2	Flat
£193.7K	11/20	0.91 mi	3, Polsten Mews, Enfield, Greater London EN3 6YF	£5,098	38	2	Flat
£233K	09/21	0.92 mi	Flat 17, Sawyers Court, Sturlas Way, Waltham Cross, Hertfordshire EN8 7BJ	-	-	2	Flat
£168K	04/21	0.92 mi	Flat 33, Sawyers Court, Sturlas Way, Waltham Cross, Hertfordshire EN8 7BJ	-	-	2	Flat
£267.5K	08/21	0.92 mi	140, Maltby Drive, Enfield, Greater London EN1 4EW	£5,047	53	2	Flat
£220K	03/23	0.92 mi	259, Maltby Drive, Enfield, Greater London EN1 4ES	-	-	2	Flat
£257K	06/23	0.94 mi	55, Stainton Road, Enfield, Greater London EN3 5JP	£5,636	46	2	Flat
£262K	03/23	0.94 mi	10, Colt Mews, Enfield, Greater London EN3 6YH	£5,347	49	2	Flat
£237K	04/23	0.97 mi	Flat 22, Burlington House, Swanfield Road, Waltham Cross, Hertfordshire EN8 7FG	-	-	2	Flat
£285K	07/23	0.98 mi	9, Harston Drive, Enfield, Greater London EN3 6GG	£4,071	70	2	Flat
£225K	11/20	0.99 mi	Flat 3, Hardingstone Court, Eleanor Way, Waltham Cross, Hertfordshire EN8 7SF	£4,688	48	2	Flat
£230K	03/23	0.99 mi	Flat 21, Hardingstone Court, Eleanor Way, Waltham Cross, Hertfordshire EN8 7SF	-	-	2	Flat

Local Rents

38 rents from £1.4K/mo to £2.1K/mo, average is £1.8K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,800	01/25	0.06 mi	-	2	Flat
£1,650	05/24	0.12 mi	Westonia Court, Hertford Road Enfield	2	Flat
£1,500	03/24	0.13 mi	-	2	Flat
£1,600	03/24	0.14 mi	Cunningham Avenue, Enfield	2	Flat
£1,550	02/24	0.15 mi	-	2	Flat
£1,450	02/25	0.15 mi	-	2	Flat
£1,890	12/24	0.15 mi	-	2	Flat
£1,895	12/24	0.15 mi	-	2	Flat
£1,995	04/24	0.15 mi	-	2	Flat
£1,900	10/24	0.15 mi	-	2	Flat
£1,900	11/24	0.15 mi	-	2	Flat
£1,950	04/24	0.23 mi	Raynton Road, Enfield, EN3	2	Flat
£1,800	04/24	0.29 mi	Vernon Avenue, Enfield, London, EN3	2	Semi-Detached House
£2,150	02/25	0.3 mi	-	2	Semi-Detached House
£2,150	02/25	0.3 mi	-	2	Semi-Detached House
£2,150	02/25	0.3 mi	-	2	Semi-Detached House
£2,100	02/25	0.3 mi	-	2	Semi-Detached House
£2,100	03/25	0.3 mi	-	2	Semi-Detached House
£2,100	03/25	0.3 mi	-	2	Semi-Detached House
£1,800	05/24	0.34 mi	Larmans Road, Enfield, London, EN3	2	Flat
£1,800	05/24	0.34 mi	-	2	Flat
£1,800	04/24	0.34 mi	Malvern Road, Enfield Lock, EN3	2	Flat
£1,400	05/24	0.37 mi	-	2	Flat
£1,400	04/24	0.37 mi	-	2	Flat
£1,600	03/24	0.37 mi	Element House, 74 Tysoe Avenue, Enfield, Greater London, EN3 6FG	2	Flat
£1,600	04/24	0.42 mi	Beaconsfield Road, Enfield	2	Flat
£1,850	11/24	0.44 mi	-	2	Flat
£1,800	03/25	0.52 mi	-	2	Flat
£1,650	12/24	0.52 mi	-	2	Flat
£1,650	03/24	0.53 mi	-	2	Flat
£1,650	04/24	0.53 mi	-	2	Semi-Detached House
£1,750	04/24	0.55 mi	Cameron Drive, Waltham Cross, Hertfordshire, EN8	2	Terraced House
£1,500	04/24	0.57 mi	-	2	Flat
£1,600	04/24	0.58 mi	Kempe Road, Enfield	2	Flat
£1,750	02/25	0.6 mi	-	2	Flat
£1,850	02/25	0.6 mi	-	2	Flat
£1,850	01/25	0.6 mi	-	2	Flat
£1,695	11/23	0.62 mi	-	2	Flat

Local Area Statistics

Population in EN3	55,68755,687
Population in Enfield	130,248130,248
Town centre distance	3.23 miles away3.23 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 £265,000

June 25, 2024

Floor Plans

Description

KINGS GROUP ENFIELD HIGHWAY PRESENT +
A TWO BEDROOM ONE BATHROOM PROPERTY +
DOUBLE GLAZED WINDOWS +
GAS CENTRAL HEATING +
NEW BOILER SERVICE PRIOR TO COMPLETION OF SALE +
SITUATED ON THE SECOND FLOOR WITH A BALCONY +
RESIDENTS' PARKING AND SECURE VIDEO ENTRY SYSTEM +
LOW MAINTENANCE FEES AND NO GROUND RENT +
CLOSE PROXIMITY TO LOCAL AMENITIES AND STATION SERVING TOTTENHAM HALE AND LIVERPOOL STREET +
PRE-ARRANGED VIEWINGS AVAILABLE NOW +

KINGS GROUP ENFIELD HIGHWAY

Nestled in the charming Archibald Close, Enfield, this delightful 2-bedroom property is a true gem waiting to be discovered. Built in 2012, this property boasts a very modern condition with UPVC windows that not only enhance its aesthetic appeal but also provide excellent insulation.

One of the standout features of this property is its low service charge fees, making it an attractive option for those looking for a hassle-free living experience. Additionally, there is a balcony and residents will benefit from a convenient car park, ensuring parking is never a concern.

The boiler of this property has been diligently serviced, with a new service scheduled prior to the completion of the sale, offering peace of mind to the new owners. Situated on the second floor, this property offers a sense of privacy and tranquillity while being in close proximity to local amenities, making daily errands a breeze.

Conveniently located near Turkey Street and Enfield Lock stations, both providing easy access to Liverpool Street, this house is perfect for commuters or those who enjoy exploring the city.

Lease 80 Years
Annual service charge including buildings insurance £1,282.80
Annual ground rent £0
Council Band C
EPC Rating C

Agent Details

Kings Group, Enfield Highway

020 3879 5588

Next Steps?

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

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