2 Bed Flat, Single Let, Potters Bar, EN6 5PD, £315,000

St Johns Close, Potters Bar, EN6 5PD - 8 months ago

Leasehold
BTL
ROI: 2%
~72 m²
+6 photos

ValuationUndervalued

Sold Prices£200K - £590K
Sold Prices/m²£4.4K/m² - £8.2K/m²

 

 

Square Metres

~71.70 m²
Price/m²£4.4K/m²

Value Estimate

£391,342
BMV24%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£78,750

Stamp Duty & Legal Fees

£22,700

Total Cash In

£101,450

 

 

Cash Out

 

Rent Range

£1,495 - £1,800

Rent Estimate

£1,500

Running Costs/mo

£1,304

Cashflow/mo

£196

Cashflow/yr

£2,348

ROI

2%

Gross Yield

6%

Local Sold Prices

32 sold prices from £200K to £590K, average is £337.5K. £4.4K/m² to £8.2K/m², average is £5.5K/m².

PriceDateDistanceAddressBeds 
£275K03/210.24 mi9, Chauncy Avenue, Potters Bar, Hertfordshire EN6 5LE2
£330K12/200.24 mi1, Margarets Close, Potters Bar, Hertfordshire EN6 5LB2
£455K09/210.33 miFlat 15, The Briers, The Walk, Potters Bar, Hertfordshire EN6 1QE2
£450K05/210.33 miFlat 11, The Briers, The Walk, Potters Bar, Hertfordshire EN6 1QE2
£235K03/210.58 miFlat 35, Hertford Mews, Billy Lows Lane, Potters Bar, Hertfordshire EN6 1XW2
£200K03/230.58 miFlat 21, Hertford Mews, Billy Lows Lane, Potters Bar, Hertfordshire EN6 1XW2
£215K07/230.58 miFlat 3, Hertford Mews, Billy Lows Lane, Potters Bar, Hertfordshire EN6 1XW2
£380K05/230.62 mi2, Faringford Close, Potters Bar, Hertfordshire EN6 5JS2
£400K10/220.62 mi10, Faringford Close, Potters Bar, Hertfordshire EN6 5JS2
£590K09/210.62 mi171, Mutton Lane, Potters Bar, Hertfordshire EN6 2AN2
£410.3K12/220.63 mi70a, Strafford Gate, Potters Bar, Hertfordshire EN6 1PL2
£302K02/210.73 mi7, The Highlands, Potters Bar, Hertfordshire EN6 1HU2
£320K12/200.74 mi2, Stapleton Close, Potters Bar, Hertfordshire EN6 4AF2
£262K04/210.74 mi23, The Highlands, Potters Bar, Hertfordshire EN6 1HU2
£302K10/220.74 mi19, Baker Street, Potters Bar, Hertfordshire EN6 2DZ2
£350K05/210.75 mi3, Norman Court, Potters Bar, Hertfordshire EN6 1HY2
£255K01/230.75 miFlat 24, Seabrook Court, Station Close, Potters Bar, Hertfordshire EN6 1TG2
£225K09/220.75 miFlat 26, Seabrook Court, Station Close, Potters Bar, Hertfordshire EN6 1TG2
£300K01/210.75 miFlat 32, Seabrook Court, Station Close, Potters Bar, Hertfordshire EN6 1TG2
£300K06/210.75 miFlat 18, Seabrook Court, Station Close, Potters Bar, Hertfordshire EN6 1TG2
£355K02/210.75 mi21, Sandringham Road, Potters Bar, Hertfordshire EN6 1EX2
£348K04/210.8 mi10, Weston Close, Potters Bar, Hertfordshire EN6 2BQ2
£340K06/210.8 mi73, Church Road, Potters Bar, Hertfordshire EN6 1EY2
£328K03/210.81 mi39, Heathfield Close, Potters Bar, Hertfordshire EN6 1SP2
£347.5K02/210.82 mi1, Rosary Court, Potters Bar, Hertfordshire EN6 1HA2
£372.5K03/210.82 mi5, Rosary Court, Potters Bar, Hertfordshire EN6 1HA2
£368K11/220.82 mi2, Rosary Court, Potters Bar, Hertfordshire EN6 1HA2
£295K09/210.83 mi2, Heathfield Close, Potters Bar, Hertfordshire EN6 1SW2
£335K01/230.85 mi43, Heathfield Close, Potters Bar, Hertfordshire EN6 1SR2
£370K01/210.88 mi40, Aberdale Gardens, Potters Bar, Hertfordshire EN6 2JN2
£380K03/210.88 mi62, Aberdale Gardens, Potters Bar, Hertfordshire EN6 2JN2
£385K01/230.88 mi74, Aberdale Gardens, Potters Bar, Hertfordshire EN6 2JN2

Local Rents

27 rents from £1.5K/mo to £1.8K/mo, average is £1.6K/mo.

RentDateDistanceAddressBeds 
£1,70001/250.03 mi-2
£1,55003/240.05 miKey Point, Potters Bar, EN62
£1,50003/240.05 miKey Point, Potters Bar2
£1,57503/240.05 miKey Point, Potters Bar2
£1,55003/240.05 miKey Point, Potters Bar2
£1,60004/240.05 miKey Point, Potters Bar2
£1,62512/240.05 miKey Point, Potters Bar2
£1,57512/240.05 miKey Point, Potters Bar2
£1,50002/240.06 mi-2
£1,70004/240.11 miWhaley Road, Potters Bar, Herts2
£1,60012/240.19 mi-2
£1,50002/250.22 mi-2
£1,50002/250.22 mi-2
£1,65012/240.24 mi-2
£1,70002/250.25 mi-2
£1,55004/240.25 miRaymond Court, Potters Bar, Herts2
£1,52504/240.25 miChauncy Avenue, Potters Bar2
£1,80003/250.27 mi-2
£1,49512/240.29 miHill Rise, Potters Bar2
£1,55004/240.29 miHigh Street, Potters Bar, Hertfordshire, EN62
£1,75004/240.3 miCarpenter Way, Potters Bar, EN62
£1,60003/240.31 miHigh Street, Potters Bar, EN62
£1,60003/240.34 miThe Grove, Potters Bar, EN62
£1,55004/250.42 mi-2
£1,70002/250.43 mi-2
£1,75012/240.61 miMutton Lane, Potters Bar2
£1,75003/240.61 miMutton Lane, Potters Bar2

Local Area Statistics

Population in EN6

29,067

Population in Potters Bar

29,075

Town centre distance

0.45 miles away

Nearest school

0.30 miles away

Nearest train station

0.78 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+16%

Sales demand

Buyer's market

Capital growth (5yrs)

+14%

Property History

Price changed to £315,000

January 27, 2025

Listed for £322,000

August 21, 2024

Floor Plans

Description

  • Purpose Built Top Floor Flat +
  • Two Double Bedrooms +
  • Kitchen/Breakfast Room +
  • Lounge/Diner +
  • Bathroom and Toilet +
  • Additional Separate Toilet +
  • Access to a Loft Area +
  • Communal Garden +

A TWO DOUBLE BEDROOM top floor purpose built flat located in a cul-de-sac location just off Highview Gardens off Southgate Road with good road links to the M25, A1M, Potters Bar mainline railway station and local shops and schools in the area.

Communal Entrance Hall
Via security entrance door, stairs to top floor, private storage cupboard. Private entrance door leading into;

Entrance Hall
Telephone entry system, wall mounted radiator, access to a loft area with a pull down ladder, built in storage cupboard, doors to;

Lounge/Diner - 17'5" (5.31m) x 10'3" (3.12m)
Double glazed windows to front and radiator.

Kitchen/Breakfast Room - 16'4" (4.98m) x 7'10" (2.39m)
Range of wall and base units with worktop surfaces over, single bowl single drainer sink with mixer tap, wall mounted boiler, space for electric cooker, extractor above, double glazed window to front, plumbing for washing machine, part tiled walls, built in storage cupboard and radiator.

Bathroom and Toilet
Suite comprising of a shaped panel enclosed bath, curved shower screen, mixer tap, pedestal wash hand basin with mixer tap, close coupled low flush WC, towel radiator and frosted effect double glazed window to front.

Separate Additional WC
Comprising of a low flush close coupled WC and a frosted effect double glazed window to front.

Bedroom One - 13'7" (4.14m) x 10'6" (3.2m)
Double glazed window to rear and radiator.

Bedroom Two - 11'11" (3.63m) x 9'7" (2.92m)
Double glazed window to front and radiator.

Communal Garden
Mainly laid to lawn with a washing drying area.

Leasehold
94 Years remaining (125 years from 29 March 1995)

Service Charge
£150 p/c/m

Ground Rent
£10 p/a

Council Tax Band
C

Notice
Please note we have not tested any apparatus, fixtures, fittings, or services. Interested parties must undertake their own investigation into the working order of these items. All measurements are approximate and photographs provided for guidance only.

Agent Details

Raine & Co, Potters Bar

01707 954070

Next Steps?

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