3 Bed Terraced House, Refurb/BRRR, London, N17 8LN, £400,000

White Hart Lane, London N17 8LN - 3 views - 7 months ago

Sold STC
Refurb/BRRR
ROI: 4%
~79 m²
+16 photos

ValuationFair Value

Sold Prices£155.4K - £675K
Sold Prices/m²£2.7K/m² - £8.1K/m²

 

 

Square Metres

~79.44 m²
Price/m²£5K/m²

Value Estimate

£400,000

 

 

End Value (After Refurb)

£477,063

Uplift in Value

+19%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£100,000

Stamp Duty & Legal Fees

£20,700

Refurb Costs

£42,026

Bridging Loan Interest

£10,500

Total Cash In

£174,976

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£477,063

Mortgage (After Refinance)

£357,797

Mortgage LTV

75%

Cash Released

£57,797

Cash Left In

£117,179

Equity

£119,266

Rent Range

£2,000 - £5,763

Rent Estimate

£2,631

Running Costs/mo

£2,037

Cashflow/mo

£594

Cashflow/yr

£7,128

ROI

4%

Gross Yield

8%

Local Sold Prices

50 sold prices from £155.4K to £675K, average is £475K. £2.7K/m² to £8.1K/m², average is £6.1K/m².

PriceDateDistanceAddressBeds 
£520K06/210.07 mi13, Fryatt Road, London, Greater London N17 7BH3
£470K06/220.08 mi14, Great Cambridge Road, London, Greater London N17 7BU3
£450K03/230.13 mi374, White Hart Lane, Tottenham, London, Greater London N17 7LS3
£545K05/230.21 mi30, Rivulet Road, London, Greater London N17 7JS3
£300K02/210.23 mi446, White Hart Lane, Tottenham, London, Greater London N17 7LX3
£440K06/210.24 mi84, Henningham Road, London, Greater London N17 7AN3
£575K04/230.24 mi50, Mayfair Gardens, London, Greater London N17 7LP3
£675K11/220.25 mi7, Mayfair Gardens, London, Greater London N17 7LP3
£525K02/210.25 mi110, Flexmere Road, London, Greater London N17 7AY3
£356K06/210.26 mi6, Barclay Road, London, Greater London N18 1EF3
£506K04/230.27 mi48, Empire Avenue, London, Greater London N18 1AD3
£555K09/210.28 mi9, Empire Avenue, London, Greater London N18 1AB3
£445K03/230.3 mi9, Fenton Road, London, Greater London N17 7JL3
£555K12/220.31 mi210, The Roundway, London, Greater London N17 7DE3
£490K03/210.33 mi7, Marshall Road, London, Greater London N17 7AR3
£540K11/200.33 mi155, Devonshire Hill Lane, London, Greater London N17 7NL3
£450K11/200.33 mi49, Empire Avenue, London, Greater London N18 1AY3
£440K08/230.33 mi101, Creighton Road, London, Greater London N17 8JS3
£475K06/210.33 mi54, Henningham Road, London, Greater London N17 7DT3
£375K11/200.34 mi12, Weir Hall Avenue, London, Greater London N18 1EB3
£403K08/210.34 mi57, Barclay Road, London, Greater London N18 1EH3
£452.5K12/220.36 mi27, Queensland Avenue, London, Greater London N18 1AT3
£155.4K12/200.36 mi20, Queensland Avenue, London, Greater London N18 1AU3
£455K07/230.36 mi36, Queensland Avenue, London, Greater London N18 1AU3
£450K11/200.36 mi28, Gospatrick Road, London, Greater London N17 7EG3
£532K03/210.36 mi18, Gospatrick Road, London, Greater London N17 7EG3
£250K03/230.36 mi7, Tasmania Terrace, London, Greater London N18 1AX3
£470K09/210.37 mi20, Gospatrick Road, London, Greater London N17 7EG3
£470K04/210.37 mi22, Gospatrick Road, London, Greater London N17 7EG3
£415K09/210.38 mi265, The Roundway, London, Greater London N17 7AJ3
£445K11/200.41 mi102, Risley Avenue, London, Greater London N17 7ES3
£480K08/210.41 mi13, Canada Avenue, London, Greater London N18 1AS3
£480K08/210.41 mi13, Canada Avenue, London, Greater London N18 1AS3
£450K06/210.43 mi46, Risley Avenue, London, Greater London N17 7ET3
£452K01/230.43 mi91, Amersham Avenue, Edmonton, London, Greater London N18 1DU3
£449K03/210.45 mi25, Spigurnell Road, London, Greater London N17 7PP3
£230K01/230.46 mi227, Devonshire Hill Lane, London, Greater London N17 7NP3
£475K09/210.46 mi16, Kevelioc Road, London, Greater London N17 7PR3
£509K01/210.47 mi169, Tower Gardens Road, London, Greater London N17 7PE3
£485K04/210.47 mi171, Tower Gardens Road, London, Greater London N17 7PE3
£500K09/210.48 mi26, Wateville Road, London, Greater London N17 7PT3
£450K08/230.48 mi25, Wateville Road, London, Greater London N17 7PT3
£562K05/240.5 mi18, Croxford Gardens, London, Greater London N22 5QU3
£540K11/220.5 mi43, Tower Gardens Road, London, Greater London N17 7PS3
£525K12/230.51 mi20, Norman Avenue, London, Greater London N22 5EP3
£670K02/230.52 mi159, Empire Avenue, London, Greater London N18 1AP3
£610K12/220.52 mi3, Fife Road, London, Greater London N22 5EG3
£596K10/230.53 mi1, Tower Gardens Road, London, Greater London N17 7PX3
£650K07/240.53 mi21, New Road, Wood Green, London, Greater London N22 5ET3
£495K06/210.53 mi162, Empire Avenue, London, Greater London N18 1AQ3

Local Rents

31 rents from £2K/mo to £5.8K/mo, average is £2.5K/mo.

RentDateDistanceAddressBeds 
£2,60012/240.18 mi-3
£3,50012/240.27 mi-3
£3,60012/240.27 mi-3
£2,35004/250.27 mi-3
£2,30004/250.27 mi-3
£2,15004/250.29 mi-3
£2,75004/250.3 mi-3
£2,25004/250.35 mi-3
£2,30012/240.39 mi-3
£2,40003/250.41 mi-3
£2,40002/250.41 mi-3
£2,70012/240.41 mi-3
£2,80006/240.43 miShobden Road , London, N173
£2,60004/250.44 mi-3
£3,00012/240.45 miThe Roundway, Tottenham3
£2,35006/240.48 miWateville Road, London, N173
£5,76303/250.48 mi-3
£2,69005/240.52 miBennington Road, London, N173
£2,69505/240.52 mi-3
£2,69005/240.52 mi-3
£2,30003/250.53 mi-3
£2,30003/250.53 mi-3
£2,35006/240.54 miHaringey3
£2,50012/240.55 mi-3
£2,55005/240.56 miLordship Lane, London, N173
£2,55005/240.56 mi-3
£2,50003/250.56 mi-3
£2,60012/240.61 mi-3
£2,25007/240.62 miLordship Lane, Wood Green3
£2,20005/240.62 mi-3
£2,00005/240.62 miWinsford Terrace, N183

Local Area Statistics

Population in N17

62,843

Population in London

4,771,921

Town centre distance

5.41 miles away

Nearest school

0.20 miles away

Nearest train station

0.58 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+3%

Sales demand

Balanced market

Capital growth (5yrs)

+14%

Property History

Listed for £400,000

September 20, 2024

Floor Plans

Description

  • End Of Terraced Family Home +
  • Side Access +
  • Large Rear Garden +
  • Lounge & Separate Kitchen/Diner +
  • Three Bedrooms +
  • Excellent Potential To Extend (S.T.P.P.) +
  • Chain Free +

Guide Price £400,000-£425,000 A great opportunity to acquire this well proportioned, end of terraced family home. Offering excellent potential for modernisation or to extend (STPP). Accommodation comprises; Three bedrooms, (A Generous size master bedroom with scope to partition and create a 4th bedroom or en-suite/family bathroom), loft storage space, bright reception room to front aspect, kitchen/diner, ground floor bathroom and separate W.C.Outside: There is well tended front and rear garden approx 45FT with the benefit of side access. Superbly positioned only moments away from the high street local shops, the shopping center and is within close proximity to Wood Green Station (Piccadilly Line) and a short walk to White Hart Lane overground station which serves Enfield and central London (Liverpool Street).

Agent Details

Castles Estate Agents, Palmers Green

020 3873 6768

Next Steps?

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

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