2 Bed Flat, Single Let, Enfield, EN3 7FE, £295,000
Faraday House, Velocity Way, EN3 7FE - 1 views - 9 months ago
Under Offer
Leasehold
BTL
ROI: 2%
~68 m²





+12 photos
ValuationUndervalued
Sold Prices | £193.7K - £300K |
Sold Prices/m² | £3.6K/m² - £5.7K/m² |
| |
Square Metres | ~68.11 m² |
Price/m² | £4.3K/m² |
Value Estimate | £317,496 |
BMV | 8% |
Cashflows
Cash In | |
Purchase Finance | Mortgage |
Deposit (25%) | £73,750 |
Stamp Duty & Legal Fees | £12,300 |
Total Cash In | £86,050 |
| |
Cash Out | |
Rent Range | £1,400 - £2,150 |
Rent Estimate | £1,400 |
Running Costs/mo | £1,222 |
Cashflow/mo | £178 |
Cashflow/yr | £2,138 |
ROI | 2% |
Gross Yield | 6% |
Local Sold Prices
23 sold prices from £193.7K to £300K, average is £250K. £3.6K/m² to £5.7K/m², average is £4.8K/m².
Local Rents
40 rents from £1.4K/mo to £2.1K/mo, average is £1.8K/mo.
Local Area Statistics
Population in EN3 | 55,687 |
Population in Enfield | 130,248 |
Town centre distance | 3.61 miles away |
Nearest school | 0.10 miles away |
Nearest train station | 0.30 miles away |
| |
Rental demand | Landlord's market |
Rental growth (12m) | +5% |
Sales demand | Seller's market |
Capital growth (5yrs) | +20% |
Property History
Listed for £295,000
June 28, 2024
Floor Plans

Description
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