2 Bed Flat, Single Let, Enfield, EN2 8HS, £325,000

20 Crofton Way, Enfield, Greater London, EN2 8HS - 6 views - 7 months ago

BTL
ROI: 3%
~54 m²
+16 photos

ValuationOvervalued

Sold Prices£241K - £520K
Sold Prices/m²£3.9K/m² - £6.7K/m²

 

 

Square Metres

~54.20 m²
Price/m²£6K/m²

Value Estimate

£309,040

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£81,250

Stamp Duty & Legal Fees

£14,700

Total Cash In

£95,950

 

 

Cash Out

 

Rent Range

£1,400 - £2,695

Rent Estimate

£1,553

Running Costs/mo

£1,346

Cashflow/mo

£207

Cashflow/yr

£2,481

ROI

3%

Gross Yield

6%

Local Sold Prices

50 sold prices from £241K to £520K, average is £323.8K. £3.9K/m² to £6.7K/m², average is £5.7K/m².

PriceDateDistanceAddressBeds 
£310K12/220.05 mi1, Woodridge Close, Enfield, Greater London EN2 8HJ2
£316K01/230.05 mi2, Woodridge Close, Enfield, Greater London EN2 8HJ2
£315K03/210.05 mi6, Woodridge Close, Enfield, Greater London EN2 8HJ2
£315K03/210.05 mi6, Woodridge Close, Enfield, Greater London EN2 8HJ2
£360K10/220.08 mi58, Crofton Way, Enfield, Greater London EN2 8HS2
£338K11/220.08 mi64, Crofton Way, Enfield, Greater London EN2 8HS2
£317.5K03/230.09 mi73, Crofton Way, Enfield, Greater London EN2 8HR2
£250K03/210.11 miFlat 16, Ingleborough, Cavell Drive, Enfield, Greater London EN2 7PR2
£260K08/210.11 miFlat 50, Ingleborough, Cavell Drive, Enfield, Greater London EN2 7PR2
£280K01/230.11 miFlat 85, Ingleborough, Cavell Drive, Enfield, Greater London EN2 7PR2
£290K08/210.12 miFlat 73, Ingleborough, Cavell Drive, Enfield, Greater London EN2 7PR2
£315K03/230.21 mi52, John Gooch Drive, Enfield, Greater London EN2 8HG2
£300K01/210.21 mi60, John Gooch Drive, Enfield, Greater London EN2 8HG2
£360K10/200.23 mi18, Chase Ridings, Enfield, Greater London EN2 7QF2
£395K12/200.23 mi22, Chase Ridings, Enfield, Greater London EN2 7QF2
£365K06/230.23 mi31, Chase Ridings, Enfield, Greater London EN2 7QF2
£320K04/210.24 mi9, Canford Close, Enfield, Greater London EN2 8QN2
£395K06/210.26 mi9, Mcadam Drive, Enfield, Greater London EN2 8PS2
£360K06/230.26 mi10, Englefield Close, Enfield, Greater London EN2 7QD2
£402K04/210.31 mi3, Shooters Road, Enfield, Greater London EN2 8RN2
£325K03/210.33 mi91, Chase Green Avenue, Enfield, Greater London EN2 8EN2
£320K01/210.36 mi27a, The Ridgeway, Enfield, Greater London EN2 8PB2
£412.5K07/230.38 mi11, Hermitage Close, Enfield, Greater London EN2 8EL2
£303K10/210.45 mi129, Kirkland Drive, Enfield, Greater London EN2 0RJ2
£320K11/220.46 mi115, Kirkland Drive, Enfield, Greater London EN2 0RJ2
£367K05/230.46 mi27, Monks Close, Enfield, Greater London EN2 8DZ2
£419.9K03/210.46 mi9, William Covell Close, Enfield, Greater London EN2 8HP2
£363K04/210.46 mi3, William Covell Close, Enfield, Greater London EN2 8HP2
£315K08/210.46 mi107, Kirkland Drive, Enfield, Greater London EN2 0RJ2
£297K06/210.46 mi4, Kirkland Drive, Enfield, Greater London EN2 0RT2
£297.5K02/210.47 mi123, Kirkland Drive, Enfield, Greater London EN2 0RJ2
£328K12/200.47 mi155, Kirkland Drive, Enfield, Greater London EN2 0RJ2
£319K10/200.47 miFlat 14, Pinewood Court, Bycullah Road, Enfield, Greater London EN2 8EG2
£364K09/210.5 mi27b, Chase Green Avenue, Enfield, Greater London EN2 8EA2
£365K11/210.52 miFlat 24, Kingfisher Court, Mount View, Enfield, Greater London EN2 8LF2
£360K04/210.53 mi5d, Glebe Avenue, Enfield, Greater London EN2 8NZ2
£322.5K03/210.54 mi2, Roundhedge Way, Enfield, Greater London EN2 8LD2
£341K06/210.54 mi49, Roundhedge Way, Enfield, Greater London EN2 8LD2
£345K11/200.55 mi4, Millers Green Close, Enfield, Greater London EN2 7BD2
£322K04/210.56 mi96a, Gordon Hill, Enfield, Greater London EN2 0QS2
£347.5K02/230.57 mi13, West Bank, Enfield, Greater London EN2 8DU2
£241K11/220.57 mi38, Blossom Lane, Enfield, Greater London EN2 0TQ2
£420K04/230.61 mi29, Florence Drive, Enfield, Greater London EN2 8DG2
£315K10/200.61 mi17b, Links Side, Enfield, Greater London EN2 7QT2
£340K11/220.61 mi19, Links Side, Enfield, Greater London EN2 7QT2
£257K01/230.61 mi67b, Windmill Hill, Enfield, Greater London EN2 7AF2
£290K10/200.62 mi26, Holtwhite Avenue, Enfield, Greater London EN2 0RS2
£370K11/220.67 mi18, Lavender Hill, Enfield, Greater London EN2 0RE2
£357K08/210.67 mi22, Lavender Hill, Enfield, Greater London EN2 0RE2
£520K05/210.68 mi75a, Chase Side, Enfield, Greater London EN2 6NL2

Local Rents

50 rents from £1.4K/mo to £2.7K/mo, average is £1.8K/mo.

RentDateDistanceAddressBeds 
£1,40009/230.03 mi-2
£1,85001/250.13 mi-2
£1,79804/240.16 miUplands Park Road, Enfield EN22
£1,71203/240.16 miThe Grove, Enfield EN22
£1,70004/240.19 mi-2
£1,75006/240.19 mi-2
£1,75004/240.19 miLavender Hill, Enfield, EN22
£2,50004/240.2 miBergamot House, Rowantree Road, Enfield2
£2,50004/240.2 miBergamot House, Rowantree Road, Enfield2
£2,69503/240.2 miBergamot House, Enfield2
£2,69503/240.2 miBergamot House, 52 Rowantree Road, Enfield, EN22
£2,69503/240.2 miBergamot House, 52 Rowantree Road, Enfield, EN22
£1,65004/240.21 miThe Ridgeway, Enfield, EN22
£1,65004/240.21 miThe Ridgeway, Enfield, EN22
£1,40003/240.23 miChasewood Avenue, Enfield, EN22
£1,70003/240.3 miThe Glade, Enfield2
£1,80006/240.3 mi-2
£1,65004/240.32 miThe Ridgeway, London, EN22
£1,65002/240.36 mi-2
£1,80004/240.38 miBycullah Road, Enfield, EN22
£1,85002/250.39 mi-2
£1,74503/240.41 miMonks Road, Winchmore Hill2
£2,00004/240.41 miMonks Road, Enfield, EN22
£1,75003/240.41 miMonks Road, EN22
£1,75003/240.42 miSlades Hill, ENFIELD2
£2,09703/240.42 miMonks Road, Enfield, EN22
£1,70004/240.42 mi10-12 The Ridgeway, Enfield2
£1,67504/240.44 miThe Ridgeway, Enfield, Middlesex, EN22
£2,55003/240.45 mi-2
£2,55003/240.45 miHadley Road, Enfield, EN22
£1,85003/250.46 mi-2
£1,40004/240.47 miKirkland Drive2
£1,70005/240.47 miKirkland Drive, ENFIELD2
£1,70005/240.47 miKirkland Drive, Enfield2
£1,75005/240.48 mi-2
£1,75005/240.48 miKirkland Drive, Enfield, EN22
£1,85003/240.48 miChesham Court, Gordon Hill, Enfield2
£1,55002/240.49 mi-2
£1,42503/240.52 mi-2
£1,89008/230.52 mi-2
£1,80004/240.53 miBycullah Road, ENFIELD2
£1,79504/240.53 miBycullah Court, Enfield2
£1,60002/240.53 mi-2
£1,85003/250.54 mi-2
£1,75004/240.54 miRoundhedge Way, ENFIELD2
£1,70003/240.55 miHelen Clare Court, Enfield, EN22
£1,55004/240.55 miTrinity Street, Enfield, Middlesex, EN22
£1,65004/240.55 miBycullah Road, ENFIELD2
£1,75004/240.55 miMillers Green Close, ENFIELD2
£1,77510/240.56 mi-2

Local Area Statistics

Population in EN2

29,471

Population in Enfield

130,248

Town centre distance

0.85 miles away

Nearest school

0.40 miles away

Nearest train station

0.40 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+1%

Sales demand

Balanced market

Capital growth (5yrs)

+19%

Property History

Listed for £325,000

September 11, 2024

Sold for £205,000

2012

Sold for £62,000

1996

Floor Plans

Description

  • Chain Free +
  • Share of Freehold +
  • Two Bedrooms +
  • Ground Floor Flat +
  • Communal Gardens With Direct Access +
  • Garage En Bloc +
  • Fantastic Transport Links +
  • Within Catchment Area of Highly Sought After Schools +

Guide Price: £325,000 - £350,000 * Offered with no onward chain and a share of freehold is a stunning two bedroom flat set on the ground floor of a charming purpose built block, boasting circa 650 sq ft of internal floor space. Set within a sought after development located on a cul-de-sac in the highly sought after Ridgeway location, within easy reach to both Gordon Hill and Enfield Chase Stations and a short bus ride to Oakwood underground.

Comprising of a stunning large reception that is semi open-plan with the fully equipped kitchen and boasts direct access to the beautifully maintained communal gardens that offer stunning views across Green Belt countryside. Both the principle and second bedrooms are well proportioned. The stylish family bathroom boasts ceramic tiled walls, white bathroom suite with chrome fittings. Externally there is an extensive well maintained communal garden and private garage en bloc.

The location of the property is a real gem. Surrounded by acres of greenbelt and just off The Ridgeway in West Enfield, the property sits in a quiet, cul-de-sac location, with a semi-rural feel, whilst offering good access to Enfield Town, Enfield Chase and Gordon Hill B.R Stations within a walkable distance. Oakwood London Underground Station is a short bus ride away. There is also is access to the M25, A10 and A406. For families with school considerations, the property is well situated for highly regarded primary and secondary schools including Merryhills, Chase side, Wren and One degree Academies.

This property is not to be missed. An internal viewing is highly recommended.

Tenure Information

Property is offered with a share of freehold. All prospective purchasers are advised to make their own enquiries via a solicitor.

Service Charges

We understand the service charge on the property is circa £1,600 per annum including building insurance. All prospective purchasers are advised to make their own enquiries via a solicitor.

Agent Details

HERE TO SELL, Covering London

020 4538 1584

Next Steps?

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