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
BMV8%

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.

PriceDateDistanceAddressBeds 
£235K02/230.13 mi64, Bridle Close, Enfield, Greater London EN3 6EB2
£227.5K12/200.14 mi60, Bridle Close, Enfield, Greater London EN3 6EB2
£270K02/210.14 mi65, Bridle Close, Enfield, Greater London EN3 6EB2
£226K02/210.18 mi30, Bridle Close, Enfield, Greater London EN3 6EA2
£245K10/210.18 mi34, Shepley Mews, Enfield, Greater London EN3 6JP2
£285K08/230.18 mi20, Bridle Close, Enfield, Greater London EN3 6EA2
£236K03/210.18 mi21, Bridle Close, Enfield, Greater London EN3 6EA2
£234.5K03/210.18 mi42, Bridle Close, Enfield, Greater London EN3 6EA2
£234.5K03/210.18 mi42, Bridle Close, Enfield, Greater London EN3 6EA2
£293K11/220.26 mi5, Aldis Mews, Enfield, Greater London EN3 6YE2
£193.7K11/200.28 mi3, Polsten Mews, Enfield, Greater London EN3 6YF2
£262K03/230.31 mi10, Colt Mews, Enfield, Greater London EN3 6YH2
£285K07/230.34 mi9, Harston Drive, Enfield, Greater London EN3 6GG2
£220K01/230.36 mi36, Fisher Close, Enfield, Greater London EN3 6WQ2
£285K01/210.46 mi167, Ordnance Road, Enfield, Greater London EN3 6AD2
£250K03/230.5 mi126b, Ordnance Road, Enfield, Greater London EN3 6BU2
£250K12/220.5 mi120b, Ordnance Road, Enfield, Greater London EN3 6BU2
£300K04/230.59 mi40a, Allandale Road, Enfield, Greater London EN3 6SB2
£250K10/200.63 mi113, Cunningham Avenue, Enfield, Greater London EN3 6LA2
£250K10/200.65 mi113, Cunningham Avenue, Enfield, Greater London EN3 6LA2
£242.5K04/230.7 mi2c, Putney Road, Enfield, Greater London EN3 6NJ2
£255K03/230.73 mi43a, Ordnance Road, Enfield, Greater London EN3 6UT2
£285K10/200.9 mi2, Greenwich Way, Waltham Abbey, Essex EN9 3YB2

Local Rents

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

RentDateDistanceAddressBeds 
£1,50005/240.02 miVelocity Way, Franklin House, EN32
£1,69511/230.04 mi-2
£1,85002/250.1 mi-2
£1,85001/250.1 mi-2
£1,70003/240.16 miKing Henrys Mews, Enfield2
£1,50004/240.18 miShepley Mews, Enfield2
£1,60012/230.23 mi-2
£1,60003/240.29 miWebley Court, Enfield, EN32
£1,60011/240.29 mi-2
£1,60003/240.31 miElement House, 74 Tysoe Avenue, Enfield, Greater London, EN3 6FG2
£1,45005/240.31 miTreeby Court, George Lovell Drive, Enfield, EN32
£1,60003/240.32 miColgate Place, Bren Court, EN32
£1,60005/240.32 miBren Court, 2 Colgate Place, Enfield, Greater London, EN3 6WF2
£1,85005/240.33 mi-2
£1,57505/240.33 miManton Road, Enfield, Middlesex, EN32
£1,40005/240.34 mi-2
£1,40004/240.34 mi-2
£1,85003/240.35 mi-2
£1,85003/240.35 miBenson Court, Enfield, EN32
£1,80004/240.36 miMalvern Road, Enfield Lock, EN32
£1,80005/240.36 mi-2
£1,50003/240.37 miFisher Close, Enfield Island Village2
£1,75005/240.39 miSoper Mews, EN32
£1,95004/240.4 mi-2
£1,95003/240.4 mi-2
£1,80004/240.4 miManton Road, Enfield2
£1,70005/240.4 miManton Road, Enfield2
£2,15002/250.52 mi-2
£2,15002/250.52 mi-2
£2,15002/250.52 mi-2
£2,10002/250.52 mi-2
£2,10003/250.52 mi-2
£2,10003/250.52 mi-2
£1,80004/240.52 miVernon Avenue, Enfield, London, EN32
£1,89012/240.54 mi-2
£1,89512/240.54 mi-2
£1,70004/250.6 mi-2
£1,45002/250.62 mi-2
£1,55002/240.62 mi-2
£1,85011/240.62 mi-2

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

  • Two Bedroom Purpose-Built Flat/Apartment +
  • Spacious Open-Plan Living Room/Kitchen with Balcony +
  • 3 Piece Bathroom Suite +
  • Gas Central Heating & Double Glazing +
  • x1 Private & Gated Allocated Parking Space +
  • Nearby: Enfield Lock Rail Station (Zone 6) +
  • Tenure: Leasehold / Extremely Long Lease (In excess of 980+ Years) +
  • Service Charges: £1,129.26 Half Yearly / Invoiced Every 6 Months +
  • Ground Rent: £456.57 PA +
  • EPC Rating: C | Council Tax Band: C +

FILEY PROPERTIES are delighted to offer on the market this TWO BEDROOM PURPOSE-BUILT FLAT, situated in a highly convenient location in ENFIELD, EN3.

Positioned on a pleasant Purpose-Built block, this 1st Floor Flat benefits from a Spacious Open-Plan Reception/Kitchen with Fitted Kitchen Area, Small Balcony via the Living Room, Two Bedrooms (x2 Doubles), 3 Piece Bathroom Suite, Double Glazing Throughout & Gas Central Heating, Communal Green Space for the benefit of the residents and Off-Street Parking courtesy of an x1 Allocated Parking Space. We feel that this property could be a great Investment for an Investor or an ideal purchase for a First Time Buyer.

Great transport links follow with both Enfield Lock Rail Station (Zone 6) being within very close proximity of the property offering access to Tottenham Hale & London Liverpool Street. The very well connected Mollison Avenue/Meridian Way for those who own and commute via a vehicle is also accessible very easily with to North Circular/A406 located on one end & London Orbital (M25) on the other.

Call us Now to Arrange a Viewing to Avoid Disappointment.

EPC Rating - C
Council Tax Band – B
Tenure – Leasehold: Extremely Long Lease | 980+ Years Remaining
Service Charges – £1,129.26 Half Yearly / Invoiced Every 6 Months
Ground Rent – £456.57 Per Annum

Further Information

Conservation Area: No
Flood Risk: Medium 
Broadband: Basic (7 Mbps) / Superfast (263 Mbps)
Mobile Coverage: EE / Three / Vodafone / O2
Satellite/Fibre TV: BT / Sky 
 
Disclaimer - The information contained herein has been obtained through sources deemed reliable but cannot be guaranteed by Filey Properties London Ltd as to its accuracy. Any information of special interest should be obtained through independent verification.

Agent Details

Filey Properties, Enfield

020 7870 7815

Next Steps?

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