2 Bed Flat, Single Let, London, N9 7LE, £350,000

Caroe Court, London, N9 7LE - 8 months ago

BTL
ROI: 1%
~84 m²
+5 photos

ValuationUndervalued

Sold Prices£222.5K - £315K
Sold Prices/m²£3.6K/m² - £6K/m²

 

 

Square Metres

~83.90 m²
Price/m²£4.2K/m²

Value Estimate

£408,419
BMV17%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£87,500

Stamp Duty & Legal Fees

£23,700

Total Cash In

£111,200

 

 

Cash Out

 

Rent Range

£1,500 - £2,200

Rent Estimate

£1,550

Running Costs/mo

£1,424

Cashflow/mo

£126

Cashflow/yr

£1,515

ROI

1%

Gross Yield

5%

Local Sold Prices

42 sold prices from £222.5K to £315K, average is £262.3K. £3.6K/m² to £6K/m², average is £4.9K/m².

PriceDateDistanceAddressBeds 
£226K01/210.27 mi124, Croyland Road, London, Greater London N9 7BD2
£222.5K10/200.3 mi119, Croyland Road, London, Greater London N9 7BH2
£262.5K04/210.34 mi62, Milestone Close, London, Greater London N9 9GA2
£273.5K07/210.36 mi17, Ruskin Walk, London, Greater London N9 9DT2
£280K02/230.37 mi89, Church Lane, London, Greater London N9 9QA2
£278K10/220.38 mi13, Sawyer Close, London, Greater London N9 9XP2
£270K12/220.44 mi27, Beechwood Mews, London, Greater London N9 9XH2
£250K09/230.44 mi31, Beechwood Mews, London, Greater London N9 9XH2
£250K01/210.44 mi15, Beechwood Mews, London, Greater London N9 9XH2
£290K03/230.44 mi29, Beechwood Mews, London, Greater London N9 9XH2
£303K09/220.45 mi17, Lichfield Road, London, Greater London N9 9HD2
£248K06/210.45 mi201, St Marys Road, Edmonton, London, Greater London N9 8NR2
£240K10/220.54 mi6, Hennessy Road, London, Greater London N9 0XQ2
£258K12/200.54 mi21, All Saints Close, London, Greater London N9 9AT2
£247.5K06/210.54 mi21, Hennessy Road, London, Greater London N9 0XA2
£257K10/220.55 mi14, Hennessy Road, London, Greater London N9 0XQ2
£240K04/210.56 mi30, Pentland Close, London, Greater London N9 0XN2
£240K04/210.56 mi30, Pentland Close, London, Greater London N9 0XN2
£253K05/210.58 mi35, Martin Close, London, Greater London N9 8UE2
£225K04/210.58 mi32, Buxton Close, London, Greater London N9 0XL2
£280K06/230.64 miGround Floor Flat, 23, Arthur Road, London, Greater London N9 9AF2
£240K10/230.64 mi96, Hudson Way, Edmonton, London, Greater London N9 0XG2
£248K05/210.64 mi114, Hudson Way, London, Greater London N9 0XG2
£315K10/230.7 mi16a, Sunnyside Road North, London, Greater London N9 9SW2
£262K05/210.76 miFlat 4, Romany House, Beaconsfield Road, London, Greater London N9 0PY2
£277K03/210.77 mi70, Sandhurst Road, London, Greater London N9 8BJ2
£277K05/210.77 mi36, Sandhurst Road, London, Greater London N9 8BJ2
£285K02/230.77 mi80, Sandhurst Road, London, Greater London N9 8BJ2
£274.5K06/210.77 mi84, Sandhurst Road, London, Greater London N9 8BJ2
£315K06/210.78 mi99, Sandhurst Road, London, Greater London N9 8BA2
£280K10/230.78 mi57, Sandhurst Road, London, Greater London N9 8BA2
£280K09/210.78 mi49, Sandhurst Road, London, Greater London N9 8BA2
£257.5K09/210.81 mi42, Grilse Close, London, Greater London N9 0UU2
£275K03/220.83 mi41, Jeremys Green, London, Greater London N18 2NB2
£270K09/220.84 mi49, Pycroft Way, London, Greater London N9 9XU2
£260K03/210.84 mi53, Pycroft Way, London, Greater London N9 9XU2
£225K09/220.85 mi185b, Church Street, Edmonton, London, Greater London N9 9HL2
£277K11/200.87 mi21, Kennedy Avenue, Enfield, Greater London EN3 4PA2
£260K12/220.87 mi52, Pycroft Way, London, Greater London N9 9XY2
£260K06/210.92 miFlat 7, Constable House, Ayley Croft, Enfield, Greater London EN1 1XX2
£265K07/220.95 mi28, Herne Mews, London, Greater London N18 2QZ2
£300K04/210.95 mi87b, High Street, Enfield, Greater London EN3 4EE2

Local Rents

50 rents from £1.5K/mo to £2.2K/mo, average is £1.8K/mo.

RentDateDistanceAddressBeds 
£1,69001/250.05 mi-2
£1,85005/240.05 mi-2
£1,85006/240.05 mi-2
£1,90007/240.08 mi-2
£1,90006/240.08 miSouth Road, London, N92
£1,90007/240.08 miSouth Road, London, N92
£1,90007/240.08 miSouth Road, London, N92
£1,85002/250.14 mi-2
£1,80004/250.14 mi-2
£1,65001/250.15 mi-2
£1,80003/250.18 mi-2
£1,85004/250.18 mi-2
£1,79505/240.27 mi-2
£1,79503/250.27 mi-2
£1,79505/240.27 mi-2
£1,90007/240.28 miDoncaster Roads, Edmonton, N9 2
£1,55006/240.28 miWashbourne Court, Acton Close, Edmonton, N92
£1,65012/240.29 mi-2
£1,65002/250.29 mi-2
£1,60004/250.31 mi-2
£1,50004/250.31 mi-2
£1,60004/250.31 mi-2
£1,80004/250.34 mi-2
£2,20001/250.36 mi-2
£1,85002/240.39 miMarlborough Road, Edmonton, N92
£2,00005/240.39 mi-2
£1,90007/240.39 miMarlborough Road, Edmonton, N92
£1,95002/240.39 mi-2
£1,85007/240.39 mi-2
£1,80012/240.4 mi-2
£1,69505/240.41 mi-2
£1,90001/250.44 mi-2
£1,90002/250.44 mi-2
£1,95007/240.44 miTown Road London N92
£1,75001/250.45 mi-2
£1,50001/250.46 mi-2
£1,85001/250.48 mi-2
£1,60002/240.48 mi-2
£1,60002/240.48 mi-2
£1,80003/250.51 mi-2
£1,60007/240.53 miFlexistowe Road, London, N92
£1,60007/240.53 mi-2
£1,85012/240.54 mi-2
£1,85012/240.54 mi-2
£1,65006/240.57 mi-2
£1,70005/240.58 mi-2
£1,70005/240.6 mi-2
£1,79002/250.62 mi-2
£2,10003/250.62 mi-2
£1,55005/240.62 miBunting Close, London, N92

Local Area Statistics

Population in N9

51,422

Population in London

4,771,921

Town centre distance

7.38 miles away

Nearest school

0.10 miles away

Nearest train station

0.48 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+26%

Sales demand

Seller's market

Capital growth (5yrs)

+12%

Property History

Listed for £350,000

August 9, 2024

Floor Plans

Description

  • Kings Offer A Rare Opportunity With This +
  • Two Bedroom Split Level Apartment +
  • Grade II Listed Church Conversion +
  • Open Plan Living Kitchen Space +
  • Original Features +
  • Allocated Parking +
  • Share Of Freehold, With 962 Year Lease +
  • Service Charge £2,397.85pa, Ground Rent £0 +
  • Chain Free +
  • Council Tax Band B +

KINGS offer an extremely RARE OPPORTUNITY to acquire this UNIQUE Two Bedroom SPLIT LEVEL Converted Apartment, set within the former Church of St Michael in North London, available with NO ONWARD CHAIN. This period property is situated over the first and second floors featuring a spacious modern OPEN PLAN LIVING KITCHEN SPACE, upstairs bathroom, double bedrooms, exposed beams, original panelled ceilings and ALLOCATED PARKING.

Caroe Court must surely rank as one of the most unique residential buildings in North London. It is a stone's throw from Jubilee Park with good road access to the A10 and A406 North Circular Road, EDMONTON GREEN TRAIN STATION is also within walking distance. Aside from its obvious looks, the building offers an extraordinary living and working environment which can only really be appreciated in person.

Council Tax Band - B
Share Of Freehold With Lease - Recently Renewed - 962 Years Remaining
Service Charge - £199.82 Per Month/£2,397.85 Per Annum
Ground Rent - £0
Grade II Listed - No. 1078901
Construction Type - Brick, Tile, Stone, Converted Former Church
Flood Risk - Rivers & Seas: No Risk, Surface Water: Medium

Front Door To: - With stairs leading to reception room and kitchen.

Living/Dining Space - 6.07m x 4.19m (19'11 x 13'9) - With windows to front aspect, laminate wood style flooring.

Open Plan Kitchen - 6.07m x 4.19m (19'11 x 13'9) - With tiled splash backs, range of wall and base units with flat top wood effect work surfaces, integrated electric oven and hob with hood extraction fan, sink and drainer unit, space for fridge freezer, plumbing for washing machine, spotlights, power points, laminate wood style flooring.

Lower Level Hall -

Upper Floor Landing - With laminate wood style flooring, carpeted stairs.

Bedroom One - 4.29m x 2.64m (14'1 x 8'8) - With window to side aspect, built in storage cupboard, power points, laminate wood style flooring.

Bedroom Two - 3.33m x 3.33m (10'11 x 10'11) - With window to side aspect, built in storage cupboard, power points, laminate wood style flooring.

Bathroom - 2.24m x 1.65m (7'4 x 5'5) - With tiled walls, panel enclosed bath, wash basin with mixer tap and vanity under, shaver point, low level W.C, tiled flooring.

Agent Details

Kings Group, Edmonton

020 3835 4075

Next Steps?

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