2 Bed Flat, Single Let, London, N22 6EW £400,000

Redvers Road, London, N22 6EW - 14 views - a year ago
Sold STC
Leasehold
BTL
~62 m²
Property image
Property image
Property image

ValuationUndervalued

Sold Prices£240K - £795K
Sold Prices/m²£4.8K/m² - £9K/m²

 

 

Square Metres

~62.07 m²
Price/m²£6.4K/m²

Value Estimate

£445,502
BMV11%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£100,000

Stamp Duty & Legal Fees

£31,200

Total Cash In

£131,200

 

 

Cash Out

 

Rent Range

£1,650 - £3,850

Rent Estimate

£753

Running Costs/mo

£1,421

Cashflow/mo

£-668

Cashflow/yr

£-8,011

Gross Yield

2%

Local Sold Prices

50 sold prices from £240K to £795K, average is £425.5K. £4.8K/m² to £9K/m², average is £7.4K/m².

Price
Date
Distance
Address
Beds
 
£300K05/250.01 miFlat 80, Omnibus House, Redvers Road, Wood Green, London N22 6EW2
£300K05/250.01 miFlat 80, Omnibus House, Redvers Road, Wood Green, London N22 6EW2
£385K10/210.04 mi698, Lordship Lane, London, Greater London N22 5JN2
£440K11/220.1 mi20, Cranbrook Park, London, Greater London N22 5NA2
£360K03/230.15 miFlat 3, Greenwood House, Pellatt Grove, London, Greater London N22 5PJ2
£360K06/210.15 miFlat 2, Greenwood House, Pellatt Grove, London, Greater London N22 5PJ2
£450K09/230.15 mi6, Pellatt Grove, London, Greater London N22 5PL2
£427.5K12/240.18 mi37 Solar House, Flat 15, Station Road, Wood Green, London N22 6AF2
£315K06/210.21 mi49c, Parkland Road, London, Greater London N22 6SU2
£240K01/250.25 mi3, Leverton Close, Wood Green, London N22 7BT2
£380K05/250.25 mi35, Leverton Close, Wood Green, London N22 7BT2
£375K05/240.25 mi9, Leverton Close, Wood Green, London N22 7BT2
£380K05/250.25 mi35, Leverton Close, Wood Green, London N22 7BT2
£380K08/230.25 mi26, Leverton Close, London, Greater London N22 7BT2
£394K04/230.26 mi16b, Tower Terrace, London, Greater London N22 6SX2
£338K10/230.26 miFirs House, Flat 2, Acacia Road, London, Greater London N22 5SA2
£375K03/240.29 mi21, White Hart Lane, Wood Green, London N22 5SL2
£795K06/210.33 mi4, Wolseley Road, Wood Green, London, Greater London N22 7TW2
£260K11/210.33 mi179, Gladstone Avenue, Wood Green, London, Greater London N22 6LB2
£452K11/210.36 mi51, Bounds Green Road, London, Greater London N22 8HB2
£618K09/230.37 mi34, Barratt Avenue, London, Greater London N22 7EZ2
£442K08/240.39 mi541, Lordship Lane, London, Greater London N22 5DN2
£390K04/230.4 mi6b, Willingdon Road, London, Greater London N22 6SB2
£540K03/250.42 miFlat 56, 1 Alington House, Mary Neuner Road, Wood Green, London N8 0ER2
£605K03/250.44 miFlat 92, 3 Blenheim Mansions, Mary Neuner Road, Wood Green, London N8 0EZ2
£375K06/210.46 mi60, Granville Road, Wood Green, London, Greater London N22 5LY2
£495K06/210.46 mi74, Willingdon Road, London, Greater London N22 6SD2
£440K03/250.47 mi47, Flat 3, Westbury Avenue, Wood Green, London N22 6BS2
£355K06/250.48 miFlat B, 25, Melrose Avenue, Wood Green, London N22 5EA2
£355K06/250.48 miFlat B, 25, Melrose Avenue, Wood Green, London N22 5EA2
£600K12/230.49 mi19, Dorset Road, Wood Green, London, Greater London N22 7SL2
£500K03/250.5 miFlat A, 40, Westbury Avenue, Wood Green, London N22 6RS2
£500K03/250.5 mi40, Flat A, Westbury Avenue, Wood Green, London N22 6RS2
£346K11/220.5 miFlat 17, Mohr Court, Nightingale Road, London, Greater London N22 8PX2
£450K08/250.51 mi33, Hornsey Park Road, Wood Green, London N8 0JU2
£540K05/250.53 mi83, Sirdar Road, Wood Green, London N22 6QS2
£540K05/250.53 mi83, Sirdar Road, Wood Green, London N22 6QS2
£425K06/210.53 miFlat 18, Kinnear Apartments, Chadwell Lane, London, Greater London N8 7RB2
£426K10/230.53 mi91, Granville Road, Wood Green, London, Greater London N22 5LR2
£473K06/210.55 mi138, Sirdar Road, London, Greater London N22 6RD2
£475K11/210.55 mi64, Sirdar Road, London, Greater London N22 6RD2
£495K05/210.55 mi135, Westbury Avenue, London, Greater London N22 6RY2
£445K06/240.55 mi109a, Westbury Avenue, London, Greater London N22 6RY2
£375K12/230.56 mi140, Sirdar Road, Wood Green, London N22 6RD2
£405K04/230.56 mi200a, Langham Road, London, Greater London N15 3NB2
£249K03/250.56 miFlat 14, Judd Apartments, Great Amwell Lane, Hornsey, London N8 7NP2
£335K06/230.57 mi80b, Finsbury Road, London, Greater London N22 8PF2
£491K03/250.57 mi148, Sirdar Road, Wood Green, London N22 6RD2
£491K03/250.57 mi148, Sirdar Road, Wood Green, London N22 6RD2
£470K06/210.57 mi25, Boreham Road, London, Greater London N22 6SL2

Local Rents

50 rents from £1.6K/mo to £3.9K/mo, average is £2K/mo.

Rent
Date
Distance
Address
Beds
 
£1,90005/250.01 miRedvers Road, London, N222
£1,90006/250.01 miOmnibus House, Redvers Road Wood Green2
£1,90007/250.01 miOmnibus House, Redvers Road Wood Green2
£2,02511/250.01 miRedvers Road London N222
£2,10011/250.01 miRedvers Road Haringey N222
£1,90008/250.08 miMoselle Avenue, Wood Green, London2
£2,09505/250.08 mi-2
£2,09506/250.08 mi-2
£2,10002/240.08 mi-2
£1,90010/250.08 miGladstone House, N22, Wood Green, London, N222
£1,90010/250.08 miGladstone House, N22, Wood Green, London, N222
£1,75009/250.09 miBerners Road, London, N222
£1,75009/250.09 mi-2
£2,00006/250.1 miMoselle Avenue, London, N222
£1,90008/250.1 miMoselle Avenue, London, N222
£1,70011/250.1 miCranbrook Park, Wood Green N222
£1,75008/250.11 miMorley Avenue, Wood Green, London2
£1,65008/250.11 mi-2
£2,25008/250.11 miMorley Avenue, London, N222
£1,65005/240.11 miHigh Road, Wood Green, N222
£1,75005/240.11 miHigh Road, Wood Green, N222
£1,80011/250.11 miHigh Road, Wood Green, N222
£2,10006/250.13 miHigh Road, London, N222
£1,99004/250.15 mi-2
£2,20002/250.16 mi-2
£2,20005/250.16 mi-2
£1,75005/250.17 miPellatt Grove, Wood Green, N222
£3,00011/250.18 mi-2
£2,00007/250.19 mi-2
£1,90007/240.19 miMoselle Avenue, N222
£2,60008/250.19 mi-2
£3,85010/250.19 mi-2
£3,85011/250.19 mi-2
£2,25009/250.19 miMorley Avenue, London, N222
£2,00008/250.19 mi-2
£1,70011/250.19 miAvery Court, Pellatt Grove, London, N222
£2,55006/250.2 mi-2
£2,85006/250.2 miCaxton Road, London, N222
£2,45010/250.2 miCaxton Road, London, N222
£2,55010/250.2 miCaxton Road, London, N222
£1,82507/240.2 mi-2
£1,90007/250.2 mi-2
£2,25011/250.2 miPelham Road, London, N222
£1,65007/240.2 miEwart Grove,Wood Green N222
£2,60010/250.21 miCaxton Square, N22, Wood Green, London, N222
£1,75010/250.21 miParkland Road, London2
£2,00011/250.21 miParkland Road, Wood Green, London2
£2,05009/250.21 miMoselle Avenue, Wood Green, N222
£2,05010/250.21 miMoselle Avenue, Wood Green, N222
£1,80004/250.21 mi-2

Local Area Statistics

Population in N22

42,996

Population in London

4,771,921

Town centre distance

4.77 miles away

Nearest school

0.20 miles away

Nearest train station

0.10 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-9%

Sales demand

Buyer's market

Capital growth (5yrs)

+14%

Property History

Listed for £400,000

July 23, 2024

Floor Plans

Property image

Description

  • Stylish Modern Development +
  • Two Good Size Bedrooms +
  • Fitted Kitchen With Dining Area +
  • Separate Bright Lounge +
  • Ample Storage +
  • Private Balcony +
  • Communal Roof Top Garden +
  • Bike Storage +

Guide Price £400,000-£425,000. A great opportunity for a first-time buyer to purchase this modern apartment. Set on the 5th floor (penthouse) of this stylish development, is this spacious two double bedroom apartment spanning 668 sq.ft (approx.) offering comfortable living space throughout with triple aspect windows providing views of Alexandra Palace and The city of London. Offering bright and contemporary style interior and further comprising; lounge with access to private balcony enjoying fantastic views over roof tops of North London, fitted kitchen with space to dine, modern three piece bathroom suite and ample storage. Ideally located only a few minutes (0.1 miles) away from Wood Green Station (Zone 3 Piccadilly Line) and Wood Green Shopping City. Bus routes are excellent too, offering direct access into the City centre. The property also benefits from a communal roof top garden and bike storage. Offered with a long lease of 109 years.

Agent Details

Castles Estate Agents, Palmers Green

020 3873 6768

Next Steps?

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