2 Bed Flat, Single Let, London, N9 9GA, £289,950

Milestone Close, Edmonton, N9 9GA - 3 views - 8 months ago

Sold STC

Leasehold

BTL

ROI: 2%

~68 m²

+11 photos

ValuationUndervalued

Sold Prices	£161.5K - £315K
Sold Prices/m²	£3.6K/m² - £6K/m²

Square Metres	~68.11 m²
Price/m²	£4.3K/m²
Value Estimate	£313,586£313,586
BMV	8%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£72,488£72,488
Stamp Duty & Legal Fees	£11,896£11,896
Total Cash In	£84,384£84,384

Cash Out
Rent Range	£1,300 - £2,000£1,300 - £2,000
Rent Estimate	£1,363
Running Costs/mo	£1,199£1,199
Cashflow/mo	£164£164
Cashflow/yr	£1,972£1,972
ROI	2%2%
Gross Yield	6%6%

Local Sold Prices

38 sold prices from £161.5K to £315K, average is £255K. £3.6K/m² to £6K/m², average is £4.7K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£262.5K	04/21	0 mi	62, Milestone Close, London, Greater London N9 9GA	£4,953	53	2	Flat
£273.5K	07/21	0.03 mi	17, Ruskin Walk, London, Greater London N9 9DT	£3,907	70	2	Flat
£303K	09/22	0.11 mi	17, Lichfield Road, London, Greater London N9 9HD	£5,203	58	2	Flat
£270K	12/22	0.12 mi	27, Beechwood Mews, London, Greater London N9 9XH	£4,762	57	2	Flat
£250K	09/23	0.12 mi	31, Beechwood Mews, London, Greater London N9 9XH	£4,545	55	2	Flat
£250K	01/21	0.12 mi	15, Beechwood Mews, London, Greater London N9 9XH	£4,604	54	2	Flat
£290K	03/23	0.12 mi	29, Beechwood Mews, London, Greater London N9 9XH	£5,257	55	2	Flat
£280K	02/23	0.12 mi	89, Church Lane, London, Greater London N9 9QA	£4,000	70	2	Flat
£226K	01/21	0.13 mi	124, Croyland Road, London, Greater London N9 7BD	£3,965	57	2	Flat
£278K	10/22	0.14 mi	13, Sawyer Close, London, Greater London N9 9XP	£6,043	46	2	Flat
£258K	12/20	0.21 mi	21, All Saints Close, London, Greater London N9 9AT	£4,868	53	2	Flat
£222.5K	10/20	0.27 mi	119, Croyland Road, London, Greater London N9 7BH	-	-	2	Flat
£280K	06/23	0.35 mi	Ground Floor Flat, 23, Arthur Road, London, Greater London N9 9AF	£3,636	77	2	Flat
£315K	10/23	0.42 mi	16a, Sunnyside Road North, London, Greater London N9 9SW	-	-	2	Flat
£262K	05/21	0.55 mi	Flat 4, Romany House, Beaconsfield Road, London, Greater London N9 0PY	-	-	2	Flat
£270K	09/22	0.57 mi	49, Pycroft Way, London, Greater London N9 9XU	£5,348	50	2	Flat
£260K	03/21	0.57 mi	53, Pycroft Way, London, Greater London N9 9XU	£4,906	53	2	Flat
£225K	09/22	0.58 mi	185b, Church Street, Edmonton, London, Greater London N9 9HL	-	-	2	Flat
£260K	12/22	0.6 mi	52, Pycroft Way, London, Greater London N9 9XY	£4,407	59	2	Flat
£257.5K	09/21	0.72 mi	42, Grilse Close, London, Greater London N9 0UU	£4,952	52	2	Flat
£247.5K	06/21	0.73 mi	21, Hennessy Road, London, Greater London N9 0XA	-	-	2	Flat
£240K	10/22	0.74 mi	6, Hennessy Road, London, Greater London N9 0XQ	-	-	2	Flat
£265K	07/22	0.75 mi	28, Herne Mews, London, Greater London N18 2QZ	-	-	2	Flat
£257K	10/22	0.75 mi	14, Hennessy Road, London, Greater London N9 0XQ	-	-	2	Flat
£240K	04/21	0.77 mi	30, Pentland Close, London, Greater London N9 0XN	£4,898	49	2	Flat
£240K	04/21	0.77 mi	30, Pentland Close, London, Greater London N9 0XN	£4,898	49	2	Flat
£248K	06/21	0.77 mi	201, St Marys Road, Edmonton, London, Greater London N9 8NR	£3,992	62	2	Flat
£275K	03/22	0.79 mi	41, Jeremys Green, London, Greater London N18 2NB	£4,260	65	2	Flat
£161.5K	06/21	0.8 mi	Flat 29, Churchill Court, Ainsley Close, Edmonton, London, Greater London N9 9XJ	-	-	2	Flat
£225K	04/21	0.8 mi	32, Buxton Close, London, Greater London N9 0XL	-	-	2	Flat
£240K	10/23	0.86 mi	96, Hudson Way, Edmonton, London, Greater London N9 0XG	£4,444	54	2	Flat
£248K	05/21	0.86 mi	114, Hudson Way, London, Greater London N9 0XG	£4,206	59	2	Flat
£253K	05/21	0.87 mi	35, Martin Close, London, Greater London N9 8UE	£3,953	64	2	Flat
£245K	02/22	0.95 mi	6, Inverness Road, London, Greater London N18 2EE	£5,000	49	2	Flat
£251K	10/21	1 mi	14, Dickens Lane, London, Greater London N18 1PH	-	-	2	Flat
£250K	01/22	1 mi	56, Leopold Road, London, Greater London N18 2HX	£4,237	59	2	Flat
£270K	11/21	1 mi	50, Leopold Road, London, Greater London N18 2HX	-	-	2	Flat
£230K	06/22	1 mi	23, Dickens Lane, London, Greater London N18 1PH	£5,610	41	2	Flat

Local Rents

50 rents from £1.3K/mo to £2K/mo, average is £1.8K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,650	12/24	0.06 mi	-	2	Flat
£1,650	02/25	0.06 mi	-	2	Flat
£1,550	06/24	0.07 mi	Washbourne Court, Acton Close, Edmonton, N9	2	Flat
£2,000	05/24	0.11 mi	-	2	Flat
£1,750	01/25	0.13 mi	-	2	Flat
£1,850	04/25	0.16 mi	-	2	Flat
£1,800	03/25	0.17 mi	-	2	Flat
£1,900	07/24	0.18 mi	Marlborough Road, Edmonton, N9	2	Terraced House
£1,850	02/24	0.18 mi	Marlborough Road, Edmonton, N9	2	Terraced House
£1,600	02/24	0.2 mi	-	2	Flat
£1,600	02/24	0.2 mi	-	2	Flat
£1,800	03/25	0.21 mi	-	2	Flat
£1,600	07/24	0.23 mi	Flexistowe Road, London, N9	2	Flat
£1,600	07/24	0.23 mi	-	2	Flat
£1,600	04/25	0.25 mi	-	2	Flat
£1,500	04/25	0.25 mi	-	2	Flat
£1,600	04/25	0.25 mi	-	2	Flat
£1,850	05/24	0.29 mi	-	2	Flat
£1,850	06/24	0.29 mi	-	2	Flat
£1,690	01/25	0.29 mi	-	2	Flat
£1,650	01/25	0.3 mi	-	2	Flat
£1,695	05/24	0.3 mi	-	2	Flat
£1,850	02/25	0.3 mi	-	2	Terraced House
£1,800	04/25	0.3 mi	-	2	Terraced House
£1,700	05/24	0.3 mi	-	2	Flat
£1,650	06/24	0.31 mi	-	2	Flat
£1,795	03/25	0.33 mi	-	2	Flat
£1,795	05/24	0.33 mi	-	2	Flat
£1,795	05/24	0.34 mi	-	2	Flat
£1,900	06/24	0.34 mi	South Road, London, N9	2	Semi-Detached House
£1,900	07/24	0.34 mi	South Road, London, N9	2	Semi-Detached House
£1,900	07/24	0.34 mi	South Road, London, N9	2	Semi-Detached House
£1,900	07/24	0.34 mi	-	2	Semi-Detached House
£1,700	06/24	0.34 mi	Arthur Road, Edmonton, N9	2	Flat
£1,700	04/25	0.34 mi	-	2	Flat
£1,900	06/24	0.37 mi	-	2	Flat
£1,800	12/24	0.39 mi	-	2	Terraced House
£1,900	01/25	0.41 mi	-	2	Flat
£1,900	02/25	0.41 mi	-	2	Flat
£1,850	07/24	0.43 mi	-	2	Flat
£1,800	07/24	0.49 mi	-	2	Flat
£1,850	01/25	0.5 mi	-	2	Terraced House
£1,950	07/24	0.52 mi	Town Road London N9	2	Terraced House
£1,850	03/25	0.52 mi	-	2	Flat
£1,650	03/25	0.53 mi	-	2	Flat
£1,900	07/24	0.56 mi	-	2	Flat
£1,800	04/25	0.56 mi	-	2	Terraced House
£1,900	07/24	0.59 mi	Doncaster Roads, Edmonton, N9	2	Terraced House
£1,550	06/24	0.59 mi	Pycroft Way, London, N9	2	Flat
£1,300	07/24	0.59 mi	Pycroft Way, London, N9	2	Flat

Local Area Statistics

Population in N9	51,42251,422
Population in London	4,771,9214,771,921
Town centre distance	7.12 miles away7.12 miles away
Nearest school	0.30 miles away0.30 miles away
Nearest train station	0.25 miles away0.25 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+26%+26%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+12%+12%

Property History

Listed for £289,950

August 24, 2024

Sold for £87,000

2000

Sold for £75,000

1999

Sold for £50,000

1999

Sold for £55,995

1995

Floor Plans

Description

A two bedroom apartment situated close to Edmonton Green +
Local shops +
Transport links +
159 years lease with no ground rent +
Double glazing +
Additional Loft space +
Offered for sale on a chain free basis +

In our opinion, a very well presented two bedroom larger than average, top floor apartment situated within 1/4 mile of Edmonton Green with its shops and transport links. The apartment is ideal for a first time buyer with features such as 159 year lease, no ground rent and has service charge, including water rates. It also benefits from having double glazing, additional loft space and is offered for sale on a chain free basis.

Agent Details

Castles Estate Agents, Edmonton - Sales

020 3840 3311

Next Steps?

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

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