3 Bed Terraced House, Refurb/BRRR, Enfield, EN3 6JB, £375,000

Arnold Avenue East, Enfield, EN3 6JB - a year ago

Sold STC
Refurb/BRRR
Planning
ROI: 2%
~97 m²
+7 photos

ValuationFair Value

Sold Prices£352K - £712K
Sold Prices/m²£3.4K/m² - £6.8K/m²

 

 

Square Metres

~96.70 m²
Price/m²£3.9K/m²

Value Estimate

£375,000

 

 

End Value (After Refurb)

£470,432

Uplift in Value

+25%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£93,750

Stamp Duty & Legal Fees

£28,700

Refurb Costs

£56,148

Bridging Loan Interest

£9,844

Total Cash In

£190,192

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£470,432

Mortgage (After Refinance)

£352,824

Mortgage LTV

75%

Cash Released

£71,574

Cash Left In

£118,618

Equity

£117,608

Rent Range

£1,900 - £2,500

Rent Estimate

£2,215

Running Costs/mo

£1,933

Cashflow/mo

£282

Cashflow/yr

£3,383

ROI

2%

Gross Yield

7%

Local Sold Prices

50 sold prices from £352K to £712K, average is £410K. £3.4K/m² to £6.8K/m², average is £4.7K/m².

Price
Date
Distance
Address
Beds
 
£368K04/210.04 mi501, South Ordnance Road, Enfield, Greater London EN3 6JD3
£392K05/230.06 mi121, Somerset Road, Enfield, Greater London EN3 6HU3
£712K04/230.2 mi49, Government Row, Enfield, Greater London EN3 6JN3
£371.5K02/210.2 mi9, Warwick Road, Enfield, Greater London EN3 6HW3
£370K06/210.22 mi1, Salisbury Road, Enfield, Greater London EN3 6HG3
£390K09/220.25 mi6, Eden Close, Enfield, Greater London EN3 6YN3
£435K05/210.26 mi22, Bideford Road, Enfield, Greater London EN3 6EH3
£420K08/210.27 mi22, Marrilyne Avenue, Enfield, Greater London EN3 6EG3
£390K04/210.29 mi18, Manton Road, Enfield, Greater London EN3 6XZ3
£460K06/230.29 mi48, Manton Road, Enfield, Greater London EN3 6XZ3
£352K03/210.3 mi10, Pritchett Close, Enfield, Greater London EN3 6XH3
£355K04/210.31 mi2, Pritchett Close, Enfield, Greater London EN3 6XH3
£495K02/230.31 mi1, Haldane Close, Enfield EN3 6XN3
£495K02/230.31 mi1, Haldane Close, Enfield, Greater London EN3 6XN3
£415K09/210.34 mi7, Punchard Crescent, Enfield, Greater London EN3 6FZ3
£360K02/210.34 mi3, Carnegie Close, Enfield, Greater London EN3 6XX3
£400K06/210.36 mi9, Lockyer Mews, Enfield, Greater London EN3 6FU3
£366K05/210.37 mi14, Newbury Avenue, Enfield, Greater London EN3 6ED3
£385K03/210.37 mi16, Newbury Avenue, Enfield, Greater London EN3 6ED3
£441K04/230.37 mi27, Newbury Avenue, Enfield, Greater London EN3 6ED3
£405K02/210.37 mi19, Barrass Close, Enfield, Greater London EN3 6WP3
£712K04/230.38 mi49, Government Row, Enfield EN3 6JN3
£500K09/220.41 mi5, Tysoe Avenue, Enfield, Greater London EN3 6DZ3
£481K03/250.42 mi4, Tysoe Avenue, Enfield EN3 6DY3
£540K04/210.47 mi76, Government Row, Enfield, Greater London EN3 6JW3
£393K04/210.51 mi54, Tysoe Avenue, Enfield, Greater London EN3 6DY3
£418K06/210.56 mi20, Castle Road, Enfield, Greater London EN3 5HP3
£410K12/220.57 mi41, Chesterfield Road, Enfield, Greater London EN3 6BE3
£370K03/210.58 mi112, Beaconsfield Road, Enfield, Greater London EN3 6AX3
£395K10/240.59 mi7, Chesterfield Road, Enfield EN3 6BE3
£412.5K04/210.6 mi58, Ferndale Road, Enfield, Greater London EN3 6DJ3
£373K03/210.61 mi77, Catisfield Road, Enfield, Greater London EN3 6BB3
£395K08/230.61 mi163a, Brimsdown Avenue, Enfield EN3 5ES3
£475K03/230.61 mi165, Ordnance Road, Enfield, Greater London EN3 6AD3
£385K01/230.62 mi35, Catisfield Road, Enfield, Greater London EN3 6BB3
£395K06/210.62 mi77, Malvern Road, Enfield, Greater London EN3 6DD3
£400K03/210.62 mi68, Malvern Road, Enfield, Greater London EN3 6DD3
£382.5K06/210.62 mi17, Catisfield Road, Enfield, Greater London EN3 6BB3
£438K11/220.63 mi121, Redlands Road, Enfield, Greater London EN3 5HW3
£398K08/210.63 mi119, Redlands Road, Enfield, Greater London EN3 5HW3
£424K07/230.64 mi24, Meads Road, Enfield, Greater London EN3 5HR3
£410K01/250.65 mi19, Meadow Close, Enfield EN3 5PE3
£500K07/210.66 mi61, Park Road, Enfield, Greater London EN3 6SR3
£465K06/210.67 mi23, Croft Road, Enfield, Greater London EN3 5HT3
£380K03/230.67 mi151, Greenwood Avenue, Enfield, Greater London EN3 5FD3
£435K01/230.68 mi24, Catherine Road, Enfield, Greater London EN3 6DE3
£450K03/230.69 mi45, Redlands Road, Enfield, Greater London EN3 5HN3
£440K10/240.69 mi45, Uckfield Road, Enfield EN3 6AS3
£418K03/210.71 mi7, Uckfield Road, Enfield, Greater London EN3 6AS3
£520K02/230.73 mi48, Mandeville Road, Enfield, Greater London EN3 6SL3

Local Rents

50 rents from £1.9K/mo to £2.5K/mo, average is £2.2K/mo.

Rent
Date
Distance
Address
Beds
 
£2,00012/240.09 mi-3
£2,30004/240.12 miHarston Drive, Enfield, EN33
£2,39507/250.12 miHarston Drive, Enfield, EN33
£2,50007/250.12 miHarston Drive, Enfield, EN33
£2,30005/240.12 mi-3
£2,50007/250.12 mi-3
£2,10012/240.15 mi-3
£2,20007/250.19 miMedcalf Road, Enfield, Greater London, EN33
£2,30007/250.2 mi-3
£2,27507/250.2 mi-3
£2,20006/250.21 miGovernment Row, Enfield, Middlesex, EN33
£2,30006/250.25 miWarwick Road, Enfield, EN33
£2,19406/250.27 mi-3
£2,19407/250.27 mi-3
£2,15007/250.27 mi-3
£2,25003/240.32 miNewbury Avenue, Enfield3
£2,15003/240.32 mi-3
£2,20006/250.32 miNewbury Avenue, Enfield, EN33
£2,20007/250.32 miPritchett Close, EN33
£2,00006/250.33 miNewbury Avenue, Enfield, EN33
£2,00006/250.33 mi-3
£2,20005/240.33 mi-3
£2,30007/250.33 mi-3
£2,20005/240.33 miSoham Road, Enfield, EN33
£2,38504/240.33 mi-3
£2,38504/240.33 miOrdnance Road, Enfield, EN33
£2,30003/240.34 miNewbury Avenue, Enfield, EN33
£2,30003/240.34 miNewbury Avenue, EN3, Enfield3
£2,30004/240.34 miNewbury Avenue, Enfield, London, EN33
£2,30003/240.34 miNewbury Avenue, Enfield, EN33
£2,50005/250.35 miNewbury Avenue, Enfield3
£2,25007/250.36 miLytton Avenue, Enfield, EN33
£2,35007/250.37 mi-3
£1,90005/250.37 miMagnetic Crescent, Enfield, EN33
£2,20001/250.39 mi-3
£2,00006/250.48 mi-3
£2,10007/250.49 miTysoe Avenue, Enfield3
£2,10012/230.5 mi-3
£2,05007/250.55 miChesterfield Road, Enfield, EN33
£2,20005/250.56 miCastle Road, Enfield3
£1,90003/240.57 mi-3
£2,35007/250.6 mi-3
£2,05012/240.6 mi-3
£2,18003/250.6 mi-3
£2,50002/240.6 mi-3
£2,30007/250.61 miFerndale Road, Enfield, EN33
£2,30007/250.61 mi-3
£2,30007/250.61 mi-3
£2,20007/250.62 miCatisfield Road, Enfield Lock3
£2,00005/250.62 mi3 Bedroom House – Malvern Road, Enfield EN33

Local Area Statistics

Population in EN3

55,687

Population in Enfield

130,248

Town centre distance

3.57 miles away

Nearest school

0.20 miles away

Nearest train station

0.46 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+7%

Sales demand

Seller's market

Capital growth (5yrs)

+25%

Property History

Listed for £375,000

September 13, 2024

Floor Plans

Description

  • GUIDE PRICE £375,000 - £400,000 +
  • Offered on a chain free basis +
  • 3 bedroom +
  • Off street parking +
  • Large garden +
  • Potential to extend stpp +
  • Freehold +
  • No through road +
  • Family house +
  • Garage +

Situated on the sought-after Arnold Avenue East in EN3, this charming 3-bedroom terraced house offers approximately 1,040 sq ft of well-proportioned living space.

The ground floor features a spacious open-plan reception room seamlessly connecting to a modern kitchen diner, perfect for family living and entertaining. Towards the rear, there is a versatile additional reception room, ideal for use as a home office or playroom.

Upstairs, the first floor consists of two generous double bedrooms, a smaller single bedroom, and a well-appointed family bathroom. The property boasts a good-sized garden, ideal for outdoor relaxation, with the added benefit of a garage to the rear, accessible via a convenient service road. There is off-street parking at the front, and potential to further enhance the home with a loft extension, subject to planning permission (STPP).

Currently tenanted, this property presents an excellent investment opportunity, as it can be sold with tenants in situ for those looking to expand their rental portfolio. While the property offers great potential, it would benefit from some renovation works, allowing the next owner to add their personal touch and maximise its value. 

LOCATION
Arnold Avenue East is ideally positioned in a family-friendly neighbourhood with excellent local amenities. Just a short walk away, you'll find a range of shops, cafes, and restaurants to cater to your daily needs. For those who enjoy outdoor activities, there are several parks and green spaces nearby, including Albany Park and Forty Hall Estate, offering scenic walks, playgrounds, and picnic spots.

Transport links are excellent, with easy access to Enfield Lock and Turkey Street stations, providing direct trains into Central London and surrounding areas. The nearby A10 and M25 also offer convenient road connections, making this a perfect location for commuters.

Freehold
Council tax - Band C
EPC - D

Agent Details

Mi Homes, London

020 7323 9574

Next Steps?

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