3 Bed Semi-Detached House, Refurb/BRRR, London, N3 2JN, £850,000

Lichfield Grove, Finchley, London, N3 2JN - 8 views - 8 months ago

Under Offer
Refurb/BRRR
~93 m²
+9 photos

ValuationOvervalued

Sold Prices£460K - £1.7M
Sold Prices/m²£5.1K/m² - £21.1K/m²

 

 

Square Metres

~93 m²
Price/m²£9.1K/m²

Value Estimate

£599,250

 

 

End Value (After Refurb)

£800,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£212,500

Stamp Duty & Legal Fees

£56,700

Refurb Costs

£49,200

Bridging Loan Interest

£22,313

Total Cash In

£342,463

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£800,000

Mortgage (After Refinance)

£600,000

Mortgage LTV

75%

Cash Left In

£342,463

Equity

£200,000

Rent Range

£1,950 - £4,225

Rent Estimate

£2,599

Running Costs/mo

£3,040

Cashflow/mo

£-441

Cashflow/yr

£-5,290

Gross Yield

4%

Local Sold Prices

50 sold prices from £460K to £1.7M, average is £772.5K. £5.1K/m² to £21.1K/m², average is £6.8K/m².

PriceDateDistanceAddressBeds 
£982K11/220.05 mi94, Lichfield Grove, London, Greater London N3 2JN3
£1.0M11/220.1 mi120, Lichfield Grove, London, Greater London N3 2JN3
£955K06/210.17 mi3, Holmwood Gardens, London, Greater London N3 3NS3
£785K06/210.17 mi35, Hervey Close, London, Greater London N3 2HG3
£805K09/210.22 mi9, Cadogan Gardens, London, Greater London N3 2HN3
£815K03/210.22 mi24, Cadogan Gardens, London, Greater London N3 2HN3
£850K01/230.26 mi27, Briarfield Avenue, London, Greater London N3 2LG3
£765K02/230.26 mi56, Rosemary Avenue, London, Greater London N3 2QN3
£707K11/200.26 mi36, Rosemary Avenue, London, Greater London N3 2QN3
£650K02/210.27 mi84, Rosemary Avenue, London, Greater London N3 2QN3
£650K04/230.27 mi144, Squires Lane, London, Greater London N3 2QT3
£825K11/220.28 mi27, Rosemary Avenue, London, Greater London N3 2QP3
£1.1M08/230.3 mi20, Briarfield Avenue, London, Greater London N3 2LH3
£1.2M10/200.3 mi27, Cavendish Avenue, London, Greater London N3 3QP3
£820K02/230.3 mi15, Cavendish Avenue, London, Greater London N3 3QP3
£1.0M11/210.32 mi4, Cavendish Avenue, London, Greater London N3 3QN3
£736.5K06/210.33 mi28, Tangle Tree Close, London, Greater London N3 2TR3
£995K07/230.34 mi39, Claverley Grove, London, Greater London N3 2DG3
£815K02/230.4 miMorningside Cottage, Hendon Lane, London, Greater London N3 1TT3
£1.1M11/210.41 mi3, Orchard Avenue, London, Greater London N3 3NL3
£1.3M12/200.41 mi9, Park Avenue, London, Greater London N3 2EJ3
£600K05/210.41 mi22, Montpelier Road, London, Greater London N3 2ER3
£625K09/230.41 mi21, Montpelier Road, London, Greater London N3 2ER3
£645K10/200.42 mi177, Squires Lane, London, Greater London N3 2AA3
£615K10/220.42 mi17, Montpelier Road, London, Greater London N3 2ER3
£460K09/220.42 mi221, Long Lane, London, Greater London N3 2RL3
£615K02/210.43 mi1, Cromwell Road, Finchley, London, Greater London N3 2ET3
£681.5K11/200.43 mi6, Cromwell Road, Finchley, London, Greater London N3 2ET3
£675K11/210.44 mi126, Squires Lane, London, Greater London N3 2AB3
£580K11/200.46 mi34, Avondale Road, London, Greater London N3 2ES3
£680K04/230.46 mi18, Avondale Road, London, Greater London N3 2ES3
£752K11/210.46 mi14, Cornwall Avenue, London, Greater London N3 1LD3
£750K09/210.47 mi3, St Pauls Way, London, Greater London N3 2PP3
£880K01/210.47 mi149, Etchingham Park Road, London, Greater London N3 2EE3
£960K12/200.47 mi62, Church Crescent, London, Greater London N3 1BJ3
£695K02/230.47 mi5, Avondale Road, London, Greater London N3 2EU3
£780.8K10/220.48 mi15, Avondale Road, London, Greater London N3 2EU3
£637.5K12/200.48 mi5, Avondale Road, London, Greater London N3 2EU3
£570K06/210.48 mi47, Avondale Road, London, Greater London N3 2EU3
£551K03/210.48 mi41, Avondale Road, London, Greater London N3 2EU3
£617K12/220.48 mi47, Avondale Road, London, Greater London N3 2EU3
£1.1M03/210.49 mi353, Nether Street, London, Greater London N3 1JN3
£586.3K02/240.51 mi326, Long Lane, London, Greater London N2 8JP3
£557K06/230.53 mi14, The Mead, London, Greater London N2 8LD3
£1.0M11/220.54 mi90, Woodlands Avenue, London, Greater London N3 2NR3
£705K02/220.56 mi19, Wentworth Avenue, London, Greater London N3 1YA3
£780K10/200.56 mi83, Queens Avenue, London, Greater London N3 2NN3
£950K06/210.57 mi40, Beechwood Avenue, London, Greater London N3 3AX3
£1.7M05/210.57 mi30a, Hendon Avenue, London, Greater London N3 1UE3
£1.2M11/220.58 mi121, Dollis Park, London, Greater London N3 1BT3

Local Rents

49 rents from £1.9K/mo to £4.2K/mo, average is £2.5K/mo.

RentDateDistanceAddressBeds 
£2,40005/240.05 miStation Road, Finchley, N33
£2,00007/240.09 miLichfield Grove, Finchley3
£2,50005/240.09 miStation Road, Finchley Central, London, N33
£2,30002/240.11 miStation Road, Finchley, London, N33
£2,74502/250.15 mi-3
£2,30007/240.15 miManor View, Finchley3
£2,50005/240.15 miManor View, Finchley, N33
£2,10005/240.21 miSquires Lane, Finchley3
£3,00006/240.24 miRegents Park Road, Finchley, London, N33
£2,75007/240.28 miRosemary Avenue, Finchley, N33
£2,80001/250.29 mi-3
£2,75008/240.3 miPrinces Avenue, London, N33
£2,55009/240.33 mi-3
£2,65008/240.33 miFinchley, London, N33
£2,55011/240.36 mi-3
£2,55011/240.36 mi-3
£2,75006/240.38 miNursery Avenue, Finchley, N33
£2,45001/250.38 mi-3
£4,15003/250.38 mi-3
£2,65011/240.38 mi-3
£3,00005/240.38 miMoat Crescent, Finchley3
£3,00002/240.39 mi-3
£2,50005/240.39 miBallards Lane, Finchley, London, N33
£3,00001/250.4 mi-3
£2,30006/240.4 miLong Lane, Finchley3
£2,25003/250.4 mi-3
£3,00005/240.41 miLong Lane, Finchley3
£3,50006/240.42 miLong Lane, Finchley Central, London N33
£2,79905/240.43 miKingsgate Avenue, Finchley Central N33
£2,10003/250.43 mi-3
£2,10007/240.44 miThe Grove, London, N33
£2,10006/240.44 miAbingdon Road, Finchley3
£2,00006/240.44 miAbingdon Road, Finchley3
£4,22505/240.44 miAshridge Close, Finchley N33
£3,00006/240.45 mi-3
£2,25306/240.45 miBallards Lane, Finchley, N33
£2,25307/240.45 miBallards Lane, Finchley, N33
£2,70006/240.45 miThe Lintons, 26 Dollis Avenue, N33
£2,25306/240.45 miBallards Lane, Finchley, N33
£2,20006/240.45 miManor Cottages Approach, East Finchley3
£2,50003/250.46 mi-3
£1,95005/240.49 miCornwall Avenue, Finchley Central, N33
£2,75003/250.49 mi-3
£2,40005/240.49 miNether street, Finchley central, London, N3 - GARDEN FLAT3
£3,04205/240.49 miDollis Avenue, Finchley, N33
£2,75006/240.49 miDollis Avenue, Finchley, N33
£2,20006/240.5 miCrescent Road, Finchley, London, N33
£2,40001/250.5 mi-3
£2,40001/250.5 mi-3

Local Area Statistics

Population in N3

26,584

Population in London

4,771,921

Town centre distance

6.04 miles away

Nearest school

0.20 miles away

Nearest train station

0.22 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-30%

Sales demand

Buyer's market

Capital growth (5yrs)

+19%

Property History

Listed for £850,000

August 12, 2024

Floor Plans

Description

  • Set in a prime location +
  • Semi Detached +
  • Potential to extend stpp +
  • Two reception rooms +
  • Three bedrooms +
  • Private front & south facing rear garden +
  • Chain free +

We are delighted to offer this semi-detached house, set on a popular turning, moments from Regents Park Road, Ballards Lane amenities, Finchley Central underground station, good local schools and recreational parkland. The property requires full modernisation throughout, but has potential to extend stpp. The property currently comprises of two reception rooms and kitchen to the ground floor, three bedrooms, separate wc and bathroom to the first floor.
Further benefits include a front garden, which has potential to make off street parking stpp and a private SOUTH FACING rear garden.
Offered on a chain free basis.
An internal viewing is highly recommended.

Agent Details

Winkworth, Finchley

020 3856 3929

Next Steps?

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