2 Bed Flat, Single Let, London, N22 5EA £360,000

Melrose Avenue, Wood Green, N22 5EA - 1 views - a year ago

Sold STC

Leasehold

BTL

~62 m²

ValuationUndervalued

Sold Prices	£220K - £600K
Sold Prices/m²	£2.2K/m² - £8.8K/m²

Square Metres	~61.96 m²
Price/m²	£5.8K/m²
Value Estimate	£418,885£418,885
BMV	16%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£90,000£90,000
Stamp Duty & Legal Fees	£27,200£27,200
Total Cash In	£117,200£117,200

Cash Out
Rent Range	£1,213 - £2,500£1,213 - £2,500
Rent Estimate	£1,299
Running Costs/mo	£1,405£1,405
Cashflow/mo	£-106£-106
Cashflow/yr	£-1,270£-1,270
Gross Yield	4%4%

Local Sold Prices

50 sold prices from £220K to £600K, average is £425.5K. £2.2K/m² to £8.8K/m², average is £6.6K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£355K	06/25	0.01 mi	Flat B, 25, Melrose Avenue, Wood Green, London N22 5EA	£5,726	62	2	Flat
£355K	06/25	0.01 mi	Flat B, 25, Melrose Avenue, Wood Green, London N22 5EA	-	-	2	Flat
£375K	06/21	0.05 mi	60, Granville Road, Wood Green, London, Greater London N22 5LY	£6,148	61	2	Flat
£426K	10/23	0.09 mi	91, Granville Road, Wood Green, London, Greater London N22 5LR	£8,285	51	2	Flat
£442K	08/24	0.1 mi	541, Lordship Lane, London, Greater London N22 5DN	£8,840	50	2	Flat
£338K	10/23	0.24 mi	Firs House, Flat 2, Acacia Road, London, Greater London N22 5SA	£4,971	68	2	Flat
£470K	06/21	0.24 mi	25, Boreham Road, London, Greater London N22 6SL	-	-	2	Flat
£260K	11/21	0.25 mi	179, Gladstone Avenue, Wood Green, London, Greater London N22 6LB	-	-	2	Flat
£340K	07/21	0.27 mi	78, The Roundway, London, Greater London N17 7HH	£6,071	56	2	Flat
£425K	05/23	0.27 mi	Ground Floor Flat, 195, Westbury Avenue, London, Greater London N22 6RX	£7,456	57	2	Flat
£318K	08/21	0.3 mi	3, Topham Square, London, Greater London N17 7HL	£5,129	62	2	Flat
£335K	06/21	0.3 mi	13, Topham Square, London, Greater London N17 7HL	£4,085	82	2	Flat
£495K	05/21	0.35 mi	135, Westbury Avenue, London, Greater London N22 6RY	£5,440	91	2	Flat
£445K	06/24	0.35 mi	109a, Westbury Avenue, London, Greater London N22 6RY	£7,177	62	2	Flat
£387.5K	03/25	0.36 mi	41, Courtman Road, Tottenham, London N17 7HT	£7,598	51	2	Flat
£495K	06/21	0.42 mi	74, Willingdon Road, London, Greater London N22 6SD	£5,690	87	2	Flat
£490K	02/25	0.44 mi	188, Sirdar Road, Wood Green, London N22 6QX	£7,538	65	2	Flat
£491K	03/25	0.47 mi	148, Sirdar Road, Wood Green, London N22 6RD	£8,049	61	2	Flat
£491K	03/25	0.47 mi	148, Sirdar Road, Wood Green, London N22 6RD	-	-	2	Flat
£375K	12/23	0.47 mi	140, Sirdar Road, Wood Green, London N22 6RD	£5,769	65	2	Flat
£385K	10/21	0.47 mi	698, Lordship Lane, London, Greater London N22 5JN	-	-	2	Flat
£500K	03/25	0.47 mi	Flat A, 40, Westbury Avenue, Wood Green, London N22 6RS	£8,475	59	2	Flat
£500K	03/25	0.47 mi	40, Flat A, Westbury Avenue, Wood Green, London N22 6RS	£8,475	59	2	Flat
£540K	05/25	0.48 mi	83, Sirdar Road, Wood Green, London N22 6QS	£8,710	62	2	Flat
£540K	05/25	0.48 mi	83, Sirdar Road, Wood Green, London N22 6QS	-	-	2	Flat
£300K	05/25	0.48 mi	Flat 80, Omnibus House, Redvers Road, Wood Green, London N22 6EW	£4,762	63	2	Flat
£300K	05/25	0.48 mi	Flat 80, Omnibus House, Redvers Road, Wood Green, London N22 6EW	-	-	2	Flat
£473K	06/21	0.49 mi	138, Sirdar Road, London, Greater London N22 6RD	-	-	2	Flat
£390K	04/23	0.49 mi	6b, Willingdon Road, London, Greater London N22 6SB	-	-	2	Flat
£440K	11/22	0.49 mi	20, Cranbrook Park, London, Greater London N22 5NA	£7,664	57	2	Flat
£475K	11/21	0.49 mi	64, Sirdar Road, London, Greater London N22 6RD	£7,540	63	2	Flat
£360K	06/21	0.5 mi	Flat 2, Greenwood House, Pellatt Grove, London, Greater London N22 5PJ	-	-	2	Flat
£360K	03/23	0.5 mi	Flat 3, Greenwood House, Pellatt Grove, London, Greater London N22 5PJ	-	-	2	Flat
£450K	09/23	0.52 mi	6, Pellatt Grove, London, Greater London N22 5PL	£5,648	80	2	Flat
£375K	03/24	0.53 mi	21, White Hart Lane, Wood Green, London N22 5SL	£5,357	70	2	Flat
£403K	02/25	0.53 mi	45, De Quincey Road, Tottenham, London N17 7DJ	£5,446	74	2	Flat
£220K	04/24	0.54 mi	32c, Woodside Road, London, Greater London N22 5HT	-	-	2	Flat
£540K	01/25	0.55 mi	156, Maryland Road, Wood Green, London N22 5AP	£8,060	67	2	Flat
£360K	06/21	0.55 mi	152, Maryland Road, London, Greater London N22 5AP	£6,429	56	2	Flat
£375K	01/25	0.56 mi	99, Arcadian Gardens, Wood Green, London N22 5AG	£6,219	60	2	Flat
£443K	08/21	0.57 mi	67, Sylvan Avenue, London, Greater London N22 5JA	£4,713	94	2	Flat
£330K	02/25	0.6 mi	51, Arcadian Gardens, Wood Green, London N22 5AG	£2,157	153	2	Flat
£418K	06/21	0.61 mi	222, Lyndhurst Road, London, Greater London N22 5AU	£7,085	59	2	Flat
£450K	01/23	0.61 mi	174, Lyndhurst Road, London, Greater London N22 5AU	£6,865	66	2	Flat
£600K	03/25	0.61 mi	Flat A, 22, Woodside Road, Wood Green, London N22 5HU	-	-	2	Flat
£440K	12/24	0.62 mi	180, Lyndhurst Road, Wood Green, London N22 5AU	£7,857	56	2	Flat
£461K	06/25	0.64 mi	141, Lyndhurst Road, Wood Green, London N22 5AY	-	-	2	Flat
£480K	10/23	0.64 mi	4a, Woodside Road, London, Greater London N22 5HU	£6,761	71	2	Flat
£440K	03/25	0.65 mi	47, Flat 3, Westbury Avenue, Wood Green, London N22 6BS	£7,719	57	2	Flat
£260K	05/25	0.65 mi	63, St Pauls Rise, London N13 6LD	£5,652	46	2	Flat

Local Rents

50 rents from £1.2K/mo to £2.5K/mo, average is £1.9K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,725	05/25	0.04 mi	Eldon Road, London, N22	2	Flat
£1,350	06/25	0.06 mi	-	2	Terraced House
£1,700	04/25	0.06 mi	-	2	Flat
£1,700	11/25	0.07 mi	Eldon Road, N22	2	Flat
£1,213	05/24	0.08 mi	Pickering Court, N22	2	Flat
£1,950	01/25	0.08 mi	-	2	Flat
£1,600	06/24	0.09 mi	Granville Road, London, N22	2	Flat
£1,950	01/25	0.09 mi	-	2	Flat
£1,750	10/25	0.1 mi	Perth Road, Wood Green, N22	2	Flat
£1,650	11/25	0.1 mi	Perth Road, Wood Green, N22	2	Flat
£1,750	10/25	0.1 mi	Perth Road, Wood Green, N22	2	Flat
£1,750	06/24	0.11 mi	Ellenborough Road, London, N22	2	Flat
£1,725	07/24	0.11 mi	Ellenborough Road, London, N22	2	Flat
£1,895	02/25	0.11 mi	-	2	Terraced House
£2,500	08/25	0.11 mi	Eldon Road, London, N22 5DU	2	Flat
£1,900	04/25	0.11 mi	-	2	Terraced House
£1,950	06/24	0.12 mi	Moselle Ave, London, N22	2	Terraced House
£1,900	06/24	0.12 mi	Moselle Ave, London, N22	2	Terraced House
£1,900	06/24	0.12 mi	-	2	Terraced House
£2,100	03/25	0.13 mi	-	2	Terraced House
£2,100	03/25	0.13 mi	-	2	Terraced House
£1,700	06/24	0.14 mi	Moselle Avenue, Wood Green N22	2	Terraced House
£2,000	06/24	0.14 mi	-	2	Terraced House
£1,800	05/24	0.14 mi	-	2	Flat
£1,900	09/25	0.14 mi	-	2	Flat
£1,750	09/25	0.15 mi	Rayleigh Court, New Road, London, N22	2	Flat
£1,850	12/24	0.15 mi	-	2	Flat
£2,000	05/24	0.16 mi	Farrant Avenue, London, N22	2	Terraced House
£1,900	06/24	0.18 mi	Moselle Avenue, London, N22	2	Terraced House
£2,400	11/25	0.18 mi	Dunbar Road, N22, Wood Green, London, N22	2	Flat
£1,800	11/25	0.19 mi	-	2	Flat
£1,800	11/25	0.19 mi	Tintern Road, London, N22	2	Flat
£1,750	06/24	0.19 mi	Lordship Lane, Wood Green, N22	2	Flat
£1,850	07/24	0.19 mi	Lordship Lane, Wood Green, N22	2	Flat
£1,750	11/25	0.19 mi	Helena Court, Lordship Lane, London, N22	2	Flat
£2,000	07/25	0.19 mi	Lordship Lane, Wood Green, N22	2	Flat
£1,995	07/24	0.19 mi	Darwin Road, London	2	House
£1,900	06/24	0.19 mi	Dunbar Road, London, N22	2	Flat
£1,800	08/25	0.19 mi	Octave house, Dunbar Road, N22	2	Flat
£2,200	10/25	0.19 mi	STIRLING ROAD, LONDON, N22 5BL, Wood Green, London, N22	2	Terraced House
£1,850	08/25	0.19 mi	Lordship Lane, Wood Green	2	Flat
£2,200	01/25	0.2 mi	-	2	Semi-Detached House
£1,800	09/25	0.21 mi	Lordship Lane, Wood Green	2	Flat
£1,700	06/25	0.22 mi	Lordship Lane, Wood Green, N22	2	Flat
£1,750	05/24	0.22 mi	Lordship Lane, Wood Green, N22	2	Flat
£1,900	11/25	0.22 mi	Sandra Close, London, N22	2	Flat
£2,150	03/25	0.24 mi	-	2	Flat
£1,950	03/25	0.24 mi	-	2	Flat
£1,850	11/25	0.24 mi	Farrant Avenue, London	2	Terraced House
£2,200	01/25	0.24 mi	-	2	Flat

Local Area Statistics

Population in N22	42,99642,996
Population in London	4,771,9214,771,921
Town centre distance	5.01 miles away5.01 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.57 miles away0.57 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	-9%-9%
Sales demand	Buyer's marketBuyer's market
Capital growth (5yrs)	+14%+14%

Property History

Listed for £360,000

August 15, 2024

Floor Plans

Description

Two bedrooms apartment +
Split level +
Open plan kitchen/reception room +
Integrated applicances +
Contemporary decor +
Close to transport links +
Stunning loft conversion +
Chain Free +

A desirable two bedroom split level apartment located on a quiet and highly-favoured tree-lined residential cul-de-sac. The property has been tastefully decorated by the current seller with benefits including a beautiful loft extension with views stretching from the Shard to Alexandra Palace. Benefits include an open plan reception/kitchen with integrated appliances, two bedrooms, contemporary bathroom and abundance of storage space. Melrose Avenue is ideally situated for the vibrant Wood Green shopping area with all its bars and restaurants and with easy access to both Wood Green and Turnpike Lane Underground station. The green open spaces of White Hart Lane Recreation Ground are also close by, as is Wolves Lane Centre glasshouses and community hub, Lordship Recreation Ground and hub, and Bruce Castle park and museum. Local schools include "outstanding" rated Noel Park Primary School.

Agent Details

Wilkinson Byrne, Harringay

020 3910 6732

Next Steps?

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

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2 Bed Flat, Single Let, London, N22 5EA £360,000

ValuationUndervalued

CashflowsOpen in Analyser

Local Sold PricesDownload Show map

Local RentsDownload Show map

Links

Local Area Statistics

Property History

Floor Plans

Description

Agent Details

Next Steps?

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Cashflows

Local Sold Prices

Local Rents