2 Bed Flat, Single Let, London, N22 8RQ, £385,000

KINGSLEY COURT Palmerston Road, London, Greater London, N22 8RQ - 11 views - 9 months ago

Sold STC

BTL

ROI: 1%

~61 m²

+9 photos

ValuationUndervalued

Sold Prices	£210K - £600K
Sold Prices/m²	£3.3K/m² - £9K/m²

Square Metres	~60.67 m²
Price/m²	£6.3K/m²
Value Estimate	£408,253£408,253
BMV	6%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£96,250£96,250
Stamp Duty & Legal Fees	£19,500£19,500
Total Cash In	£115,750£115,750

Cash Out
Rent Range	£1,595 - £2,600£1,595 - £2,600
Rent Estimate	£1,653
Running Costs/mo	£1,554£1,554
Cashflow/mo	£99£99
Cashflow/yr	£1,191£1,191
ROI	1%1%
Gross Yield	5%5%

Local Sold Prices

50 sold prices from £210K to £600K, average is £412.5K. £3.3K/m² to £9K/m², average is £6.7K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£495K	11/20	0.06 mi	80a, Finsbury Road, London, Greater London N22 8PF	£6,972	71	2	Flat
£335K	06/23	0.06 mi	80b, Finsbury Road, London, Greater London N22 8PF	-	-	2	Flat
£432.5K	02/23	0.06 mi	27, Palmerston Road, London, Greater London N22 8QH	£6,865	63	2	Flat
£422K	03/24	0.06 mi	5a, Palmerston Road, London, Greater London N22 8QH	£5,944	71	2	Flat
£450K	11/20	0.06 mi	41a, Palmerston Road, London, Greater London N22 8QH	£6,250	72	2	Flat
£515K	10/23	0.06 mi	21a, Palmerston Road, London, Greater London N22 8QH	£7,055	73	2	Flat
£395K	12/23	0.1 mi	Flat 2, Tudor Court, Clarence Road, Wood Green, London, Greater London N22 8QD	-	-	2	Flat
£320K	12/22	0.1 mi	Flat 4, Fernwood, Clarence Road, Wood Green, London, Greater London N22 8QE	-	-	2	Flat
£417K	02/23	0.11 mi	7a, Sidney Road, London, Greater London N22 8LT	-	-	2	Flat
£525K	02/23	0.12 mi	95a, Truro Road, Wood Green, London, Greater London N22 8DH	£5,885	89	2	Flat
£346K	11/22	0.12 mi	Flat 17, Mohr Court, Nightingale Road, London, Greater London N22 8PX	-	-	2	Flat
£442K	08/23	0.14 mi	Flat 2, Arnold Court, Truro Road, Wood Green, London, Greater London N22 8DJ	-	-	2	Flat
£438.8K	10/21	0.17 mi	First Floor Flat, 2, Hampshire Road, London, Greater London N22 8LR	£7,977	55	2	Flat
£443K	06/23	0.2 mi	67, Marlborough Road, London, Greater London N22 8NJ	£6,712	66	2	Flat
£550K	06/21	0.21 mi	26, Whittington Road, London, Greater London N22 8YD	-	-	2	Flat
£375K	06/21	0.22 mi	13a, Cheshire Road, London, Greater London N22 8JJ	-	-	2	Flat
£370K	06/21	0.25 mi	2a, Parkhurst Road, London, Greater London N22 8JQ	-	-	2	Flat
£415K	02/21	0.25 mi	Garden Floor Flat, 28, Parkhurst Road, London, Greater London N22 8JQ	-	-	2	Flat
£480K	10/23	0.25 mi	4a, Woodside Road, London, Greater London N22 5HU	£6,761	71	2	Flat
£495K	02/21	0.26 mi	24a, Woodside Road, London, Greater London N22 5HU	£7,071	70	2	Flat
£480K	06/21	0.26 mi	116d, Marlborough Road, London, Greater London N22 8NN	-	-	2	Flat
£371.8K	12/20	0.29 mi	First Floor Flat B, 11, Arcadian Gardens, London, Greater London N22 5AA	-	-	2	Flat
£452K	11/21	0.3 mi	51, Bounds Green Road, London, Greater London N22 8HB	-	-	2	Flat
£230K	09/23	0.31 mi	28c, Lascotts Road, London, Greater London N22 8JN	-	-	2	Flat
£403K	06/21	0.31 mi	Flat A, 12, Lascotts Road, London, Greater London N22 8JN	£7,750	52	2	Flat
£315K	04/21	0.31 mi	71, Eastern Road, London, Greater London N22 7AS	£6,176	51	2	Flat
£265K	02/23	0.31 mi	49, Eastern Road, London, Greater London N22 7AS	-	-	2	Flat
£340K	12/23	0.31 mi	53, Eastern Road, London, Greater London N22 7AS	£6,667	51	2	Flat
£520K	12/22	0.31 mi	112d, Marlborough Road, London, Greater London N22 8NN	-	-	2	Flat
£421.5K	07/23	0.33 mi	13b, Queens Road, London, Greater London N11 2QJ	-	-	2	Flat
£385K	04/23	0.33 mi	141a, Whittington Road, London, Greater London N22 8YP	£5,658	68	2	Flat
£535K	12/20	0.37 mi	30b, Park Avenue, London, Greater London N22 7EX	-	-	2	Flat
£388K	11/20	0.37 mi	11b, Stuart Crescent, London, Greater London N22 5NJ	£5,243	74	2	Flat
£370K	02/23	0.37 mi	Flat 4, Opal Court, Park Road, Bounds Green, London, Greater London N11 2LS	-	-	2	Flat
£345K	06/21	0.37 mi	231a, Whittington Road, London, Greater London N22 8YW	£5,000	69	2	Flat
£410K	11/20	0.38 mi	88, Woodside Road, London, Greater London N22 5HT	£7,321	56	2	Flat
£220K	04/24	0.38 mi	32c, Woodside Road, London, Greater London N22 5HT	-	-	2	Flat
£600K	12/23	0.38 mi	19, Dorset Road, Wood Green, London, Greater London N22 7SL	£8,955	67	2	Flat
£370K	03/23	0.38 mi	Flat 7, Opal Court, Park Road, Bounds Green, London, Greater London N11 2LS	-	-	2	Flat
£443K	08/21	0.39 mi	67, Sylvan Avenue, London, Greater London N22 5JA	£4,713	94	2	Flat
£311K	04/21	0.39 mi	17, Collings Close, London, Greater London N22 8RL	£4,785	65	2	Flat
£385K	10/20	0.39 mi	Flat 1, Zircon Court, Park Road, Bounds Green, London, Greater London N11 2LR	-	-	2	Flat
£425K	02/21	0.4 mi	21, Beech Road, London, Greater London N11 2DA	£6,746	63	2	Flat
£470K	01/23	0.4 mi	120, Lyndhurst Road, London, Greater London N22 5AT	£6,963	68	2	Flat
£435K	01/23	0.41 mi	13, Beech Road, London, Greater London N11 2DA	£7,632	57	2	Flat
£390K	09/21	0.41 mi	13, Beech Road, London, Greater London N11 2DA	£6,842	57	2	Flat
£380K	08/23	0.41 mi	26, Leverton Close, London, Greater London N22 7BT	£5,846	65	2	Flat
£440K	11/20	0.42 mi	32, Goring Road, London, Greater London N11 2DD	£6,377	69	2	Flat
£210K	12/22	0.43 mi	5, Westbury Road, London, Greater London N11 2DB	£3,333	63	2	Flat
£350K	12/20	0.43 mi	7, Lyndhurst Road, London, Greater London N22 5AX	£8,750	40	2	Flat

Local Rents

50 rents from £1.6K/mo to £2.6K/mo, average is £1.8K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,750	06/24	0.06 mi	Finsbury Road, Wood Green, N22	2	Flat
£1,795	04/25	0.08 mi	-	2	Flat
£1,800	06/24	0.09 mi	Truro Road, Bounds Green, London	2	Flat
£1,850	04/25	0.1 mi	-	2	Flat
£1,875	12/24	0.11 mi	-	2	Flat
£1,875	07/24	0.12 mi	Finsbury Road, Wood Green, London, N22	2	Flat
£2,200	03/25	0.12 mi	-	2	Flat
£1,700	05/24	0.14 mi	Nightingale Road, Bounds Green, London, N22	2	Flat
£1,700	07/24	0.15 mi	Malbury Court, Clarence Road, London, N22	2	Flat
£1,890	01/25	0.17 mi	-	2	Flat
£2,100	05/24	0.17 mi	Richard Court, London, N22	2	Flat
£2,100	05/24	0.17 mi	-	2	Flat
£1,995	02/25	0.17 mi	-	2	Flat
£1,850	05/24	0.18 mi	Clarence Road, London, N22	2	Flat
£2,350	05/24	0.19 mi	-	2	House
£2,290	05/24	0.19 mi	-	2	House
£1,800	07/24	0.19 mi	-	2	Flat
£1,900	07/24	0.19 mi	Finsbury Road, Bowes Park, London, N22	2	Flat
£2,500	01/25	0.19 mi	-	2	Flat
£1,750	07/24	0.2 mi	Palmerston Road, Wood Green	2	Flat
£1,650	05/24	0.2 mi	-	2	House
£1,650	12/24	0.2 mi	-	2	Flat
£1,595	04/25	0.2 mi	-	2	Flat
£2,000	05/24	0.21 mi	Whittington Road	2	Flat
£1,990	12/24	0.21 mi	-	2	Flat
£1,990	12/24	0.21 mi	-	2	Flat
£2,000	05/24	0.21 mi	Whittington Road, Wood Green N22	2	Flat
£1,750	06/24	0.21 mi	Oak House, Trinity Road	2	Flat
£1,900	07/24	0.22 mi	-	2	Flat
£1,850	07/24	0.22 mi	Parkhurst Road, N22 8JQ	2	Flat
£1,750	02/25	0.23 mi	-	2	Flat
£1,800	04/25	0.23 mi	-	2	Flat
£1,750	05/24	0.25 mi	-	2	Flat
£1,750	05/24	0.25 mi	Wood Green, London, N22	2	Flat
£2,100	06/24	0.25 mi	Manor Road, Wood Green	2	Flat
£1,750	05/24	0.25 mi	Manor Road,	2	Flat
£1,650	07/24	0.26 mi	Marlborough Road, Bowes Park, London, N22	2	Flat
£1,800	07/24	0.26 mi	Whittington Road, London, N22	2	Flat
£1,750	05/24	0.26 mi	Imperial Road, Bounds Green, London	2	Flat
£1,746	02/25	0.26 mi	High Road, Bounds Green, N22	2	Flat
£1,875	06/24	0.27 mi	-	2	Flat
£1,750	06/24	0.27 mi	Corbett Grove, London, N22	2	Flat
£1,950	07/24	0.28 mi	-	2	Flat
£1,650	05/24	0.28 mi	-	2	Flat
£1,670	02/25	0.28 mi	-	2	Flat
£1,650	04/25	0.28 mi	-	2	Flat
£1,650	04/25	0.28 mi	-	2	Flat
£1,650	05/24	0.28 mi	Newnham Road, London, N22	2	Flat
£2,495	05/24	0.28 mi	-	2	Flat
£2,600	05/24	0.28 mi	-	2	Flat

Local Area Statistics

Population in N22	42,99642,996
Population in London	4,771,9214,771,921
Town centre distance	5.29 miles away5.29 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.32 miles away0.32 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	-2%-2%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+9%+9%

Property History

Listed for £385,000

July 29, 2024

Sold for £370,000

2017

Sold for £42,000

1995

Floor Plans

Description

Two Bedroom Apartment +
Spacious Living Dining Room +
Kitchen/Breakfast Room +
Double Glazing +
Gas Central Heating +
Residents Parking +
Communal Garden +
Share of Freehold +
Offers Invited +

Offers Invited Set on the ground floor with residents private parking via a security barrier and a large communal garden at the front of the property in a purpose built block is this spacious two bedroom flat. The property also has the added benefit of a generous living/dining room, a kitchen/breakfast room, double glazing, gas central heating, and SOLD WITH A SHARE OF FREEHOLD. The property is situated on a desirable residential turning with easy access to both Bounds Green & Wood Green underground stations (Piccadilly Line, Zone 3), along with the vibrant Wood Green shopping area. Also within a short distance of Bowes Park and the green spaces of Alexandra Park. In our opinion this would be an ideal purchase for a first time buyer. Viewing is a must.
Council tax band C To check broadband and mobile phone coverage please visit Ofcom here ofcom.org.uk/phones-telecoms-and-internet/advice-for-consumers/advice/ofcom-checker

Agent Details

JLL, Wood Green

020 3889 9199

Next Steps?

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

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