2 Bed Flat, Cash/Bridging Only, Enfield, EN3 6UY, £230,000

52 Keys house Beaconsfield Road, Enfield Highway - 3 views - 8 months ago

Sold STC
Leasehold
Cash
ROI: 4%
~67 m²
+9 photos

ValuationFair Value

Sold Prices£135K - £341K
Sold Prices/m²£3.6K/m² - £7.3K/m²

 

 

Square Metres

~67.40 m²
Price/m²£3.4K/m²

Value Estimate

£232,300

 

 

End Value (After Refurb)

£316,789

Uplift in Value

+38%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£57,500

Stamp Duty & Legal Fees

£8,100

Refurb Costs

£35,657

Bridging Loan Interest

£6,038

Total Cash In

£109,044

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£316,789

Agent Fees (1%)

£3,168

Bridging Loan

£172,500

Bridging Loan Interest

£6,038

Flip Profit

£32,077

Local Sold Prices

35 sold prices from £135K to £341K, average is £257K. £3.6K/m² to £7.3K/m², average is £4.8K/m².

PriceDateDistanceAddressBeds 
£255K03/230.09 mi43a, Ordnance Road, Enfield, Greater London EN3 6UT2
£250K03/230.22 mi126b, Ordnance Road, Enfield, Greater London EN3 6BU2
£250K12/220.22 mi120b, Ordnance Road, Enfield, Greater London EN3 6BU2
£285K01/210.24 mi167, Ordnance Road, Enfield, Greater London EN3 6AD2
£242.5K04/230.29 mi2c, Putney Road, Enfield, Greater London EN3 6NJ2
£300K04/230.34 mi40a, Allandale Road, Enfield, Greater London EN3 6SB2
£341K05/210.35 mi13a, Turkey Street, Enfield, Greater London EN3 5TT2
£275K11/200.42 mi458, Hertford Road, Enfield, Greater London EN3 5QH2
£275K03/210.45 mi20, Riley Road, Enfield, Greater London EN3 5QB2
£250K10/200.47 mi113, Cunningham Avenue, Enfield, Greater London EN3 6LA2
£250K10/200.49 mi113, Cunningham Avenue, Enfield, Greater London EN3 6LA2
£135K11/220.52 mi46, Stainton Road, Enfield, Greater London EN3 5JS2
£285K08/230.54 mi20, Bridle Close, Enfield, Greater London EN3 6EA2
£236K03/210.54 mi21, Bridle Close, Enfield, Greater London EN3 6EA2
£234.5K03/210.54 mi42, Bridle Close, Enfield, Greater London EN3 6EA2
£234.5K03/210.54 mi42, Bridle Close, Enfield, Greater London EN3 6EA2
£226K02/210.54 mi30, Bridle Close, Enfield, Greater London EN3 6EA2
£257K06/230.57 mi55, Stainton Road, Enfield, Greater London EN3 5JP2
£227.5K12/200.57 mi60, Bridle Close, Enfield, Greater London EN3 6EB2
£270K02/210.57 mi65, Bridle Close, Enfield, Greater London EN3 6EB2
£235K02/230.58 mi64, Bridle Close, Enfield, Greater London EN3 6EB2
£220K03/230.65 mi259, Maltby Drive, Enfield, Greater London EN1 4ES2
£267.5K08/210.68 mi140, Maltby Drive, Enfield, Greater London EN1 4EW2
£245K10/210.78 mi34, Shepley Mews, Enfield, Greater London EN3 6JP2
£280K09/210.83 mi50, Westmoor Road, Enfield, Greater London EN3 7LF2
£290K10/220.89 mi79, Glenloch Road, Enfield, Greater London EN3 7HL2
£260K02/210.9 mi44, Glenloch Road, Enfield, Greater London EN3 7HN2
£185K08/230.9 mi42, Glenloch Road, Enfield, Greater London EN3 7HN2
£322K01/230.92 mi10, Bridge Close, Enfield, Greater London EN1 4LH2
£285K07/230.93 mi9, Harston Drive, Enfield, Greater London EN3 6GG2
£300K02/210.93 mi48, Severn Drive, Enfield, Greater London EN1 4LY2
£285K11/220.94 mi51, Osborne Road, Enfield, Greater London EN3 7RW2
£293K11/220.96 mi5, Aldis Mews, Enfield, Greater London EN3 6YE2
£292.5K05/210.96 mi68, Green Street, Enfield, Greater London EN3 7HP2
£193.7K11/200.98 mi3, Polsten Mews, Enfield, Greater London EN3 6YF2

Local Rents

50 rents from £1.4K/mo to £2.8K/mo, average is £1.7K/mo.

RentDateDistanceAddressBeds 
£1,60004/240.09 miBeaconsfield Road, Enfield2
£1,85011/240.12 mi-2
£1,95004/240.14 miRaynton Road, Enfield, EN32
£1,89012/240.29 mi-2
£1,89512/240.29 mi-2
£1,65005/240.3 mi-2
£1,65003/250.3 mi-2
£1,80001/250.32 mi-2
£1,40004/240.33 mi463-465 Hertford Road, Enfield, Greater London, EN32
£1,40004/240.34 mi-2
£1,80005/240.35 mi-2
£1,80004/240.35 miMalvern Road, Enfield Lock, EN32
£1,40005/240.37 mi-2
£1,40004/240.37 mi-2
£1,75011/240.38 mi-2
£1,60003/240.38 miHoecroft Court, Hoe Lane, Enfield2
£1,90004/240.4 miHoe Lane, Enfield, London, EN32
£1,80005/240.41 miLarmans Road, Enfield, London, EN32
£1,90001/250.47 mi-2
£2,75011/240.48 mi-2
£1,50003/240.49 mi-2
£1,65005/240.5 miWestonia Court, Hertford Road Enfield2
£1,95004/240.5 mi-2
£1,95003/240.5 mi-2
£1,70003/240.5 miThe Sunny Road, Enfield, EN32
£1,60003/240.51 miCunningham Avenue, Enfield2
£1,55002/240.51 mi-2
£1,45002/250.51 mi-2
£2,00012/240.51 mi-2
£2,10012/240.52 mi-2
£1,80002/250.52 mi-2
£1,70001/250.53 mi-2
£1,90001/250.53 mi-2
£1,70002/250.53 mi-2
£1,70003/250.53 mi-2
£1,80003/250.53 mi-2
£1,50003/250.53 mi-2
£1,50003/250.53 mi-2
£1,60002/250.53 mi-2
£1,99504/240.53 mi-2
£1,90010/240.53 mi-2
£1,90011/240.53 mi-2
£1,60003/240.53 miStainton Road, Enfield, EN32
£1,65003/250.54 mi-2
£1,60004/240.54 miHertford Road, Enfield2
£1,60003/240.54 miElement House, 74 Tysoe Avenue, Enfield, Greater London, EN3 6FG2
£1,60004/240.56 miAddison Road, Enfield, EN32
£1,65012/240.58 mi-2
£1,85002/250.6 mi-2
£1,85001/250.6 mi-2

Local Area Statistics

Population in EN3

55,687

Population in Enfield

130,248

Town centre distance

2.96 miles away

Nearest school

0.30 miles away

Nearest train station

0.40 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+5%

Sales demand

Seller's market

Capital growth (5yrs)

+20%

Property History

Listed for £230,000

August 21, 2024

Floor Plans

Description

  • Two Double Bedroom Apartment +
  • Ideal for CASH BUYERS +
  • Communal Grounds +
  • Lift +
  • Close Proximity to all Local Shops & Amenities +
  • Great Access into London Liverpool Street +
  • Balcony +
  • Potential Rental income of £18,000-£19,000 +

KINGS GROUP are delighted to offer Nestled in the charming Beaconsfield Road of Enfield, this delightful property is a gem waiting to be discovered. Boasting a cosy reception room, two inviting bedrooms, and a modern bathroom, this purpose-built flat offers a comfortable and convenient living space. This well presented property is well suited to CASH BUYERS with potential rental income of £18,000-£19,000 and is also situated within close proximity to all local shops & amenities including Turkey Street Station which has direct access into LONDON LIVERPOOL STREET.

Leasehold
Freeholders London borough on Enfield
Term 87 years
Service charge including building insurance £1,680.00 PA
Ground rent £10 PA
Potential rental income £1700 PM or £20,400 PA
Council Band A
EPC Band C

Front Door Leading To: -

Hallway - With tiled flooring, radiator

Lounge - With double glazed windows to front aspect, coved ceiling, radiator, laminate flooring

Kitchen - With double glazed window to side aspect, tiled flooring, wall and base units with flat top work surfaces, freestanding cooker, extractor fan, drainer unit sink, space for fridge freezer, plumbing for washing machine,

Bedroom One - With double glazed window to front aspect, radiator, laminate flooring

Bedroom Two - With double glazed window to front aspect, radiator, laminate flooring

Bathroom - With tiled flooring, panel enclosed bath with shower attachment, textured ceiling, tiled walls, heated towel rail, extractor fan, wash basin with mixer tap, low level WC

Balcony -

Agent Details

Kings Group, Enfield Highway

020 3879 5588

Next Steps?

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