2 Bed Flat, Single Let, London, N12 9DX £370,000

Stanhope Road, London, N12 9DX - 2 views - a year ago

Leasehold

BTL

ROI: 2%

~68 m²

ValuationUndervalued

Sold Prices	£169K - £568K
Sold Prices/m²	£2.3K/m² - £8.4K/m²

Square Metres	~68.11 m²
Price/m²	£5.4K/m²
Value Estimate	£434,422£434,422
BMV	17%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£92,500£92,500
Stamp Duty & Legal Fees	£28,200£28,200
Total Cash In	£120,700£120,700

Cash Out
Rent Range	£1,525 - £4,800£1,525 - £4,800
Rent Estimate	£1,756
Running Costs/mo	£1,527£1,527
Cashflow/mo	£229£229
Cashflow/yr	£2,743£2,743
ROI	2%2%
Gross Yield	6%6%

Local Sold Prices

50 sold prices from £169K to £568K, average is £372.5K. £2.3K/m² to £8.4K/m², average is £6.4K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£169K	12/24	0.09 mi	34 Lychgate Court, Flat 16, Friern Park, North Finchley, London N12 9UL	£2,284	74	2	Flat
£175K	05/25	0.09 mi	Flat 13, 34 Lychgate Court, Friern Park, North Finchley, London N12 9UL	£3,070	57	2	Flat
£175K	05/25	0.09 mi	Flat 13, 34 Lychgate Court, Friern Park, North Finchley, London N12 9UL	-	-	2	Flat
£377K	11/21	0.09 mi	Flat 6, Park Lodge, Friern Park, London, Greater London N12 9DG	-	-	2	Flat
£440K	11/21	0.1 mi	10c, Torrington Park, London, Greater London N12 9SS	£8,367	53	2	Flat
£435K	11/24	0.13 mi	10, Northwood Gardens, North Finchley, London N12 9DR	£6,591	66	2	Flat
£455K	07/25	0.14 mi	44a, Derby Avenue, North Finchley, London N12 8DD	-	-	2	Flat
£325K	01/25	0.15 mi	100, Flat 502, Kingsway, North Finchley, London N12 0EQ	£4,392	74	2	Flat
£320K	05/25	0.15 mi	Flat 902, 100, Kingsway, North Finchley, London N12 0EQ	£4,444	72	2	Flat
£320K	05/25	0.15 mi	Flat 902, 100, Kingsway, North Finchley, London N12 0EQ	-	-	2	Flat
£322K	02/23	0.15 mi	53, Victoria Grove, London, Greater London N12 9DH	-	-	2	Flat
£350K	03/25	0.16 mi	Flat 3, 12, Torrington Park, North Finchley, London N12 9SS	£7,447	47	2	Flat
£422.5K	07/23	0.19 mi	19, Grange Avenue, London, Greater London N12 8DN	£7,412	57	2	Flat
£330K	09/23	0.2 mi	33a, Woodhouse Road, London, Greater London N12 9ET	-	-	2	Flat
£370K	06/23	0.21 mi	22, Fairfield Close, London, Greater London N12 9ST	£5,362	69	2	Flat
£317K	01/25	0.22 mi	847b, High Road, North Finchley, London N12 8PT	£7,205	44	2	Flat
£400K	04/23	0.22 mi	6, Welbeck Close, London, Greater London N12 9TU	£6,459	62	2	Flat
£360K	06/25	0.22 mi	57, The Lindens, Friern Park, North Finchley, London N12 9DL	£5,902	61	2	Flat
£360K	06/25	0.22 mi	57, The Lindens, Friern Park, North Finchley, London N12 9DL	-	-	2	Flat
£430K	06/21	0.23 mi	84, Grange Avenue, London, Greater London N12 8DJ	£7,088	61	2	Flat
£425.1K	07/25	0.23 mi	Flat 1, 15 Barclay Court, Dale Grove, North Finchley, London N12 8XB	-	-	2	Flat
£500K	05/25	0.23 mi	35, Churchfield Avenue, North Finchley, London N12 0NS	£6,579	76	2	Flat
£500K	05/25	0.23 mi	35, Churchfield Avenue, North Finchley, London N12 0NS	-	-	2	Flat
£333K	02/23	0.23 mi	17, Beech Lawns, London, Greater London N12 9PP	£6,055	55	2	Flat
£315K	11/21	0.23 mi	11, Beech Lawns, London, Greater London N12 9PP	-	-	2	Flat
£260K	06/21	0.23 mi	31, Beech Lawns, London, Greater London N12 9PP	-	-	2	Flat
£300K	09/23	0.23 mi	13, Beech Lawns, London, Greater London N12 9PP	£6,000	50	2	Flat
£325.8K	03/25	0.24 mi	32, Beech Lawns, North Finchley, London N12 9PP	£6,649	49	2	Flat
£325.8K	03/25	0.24 mi	32, Beech Lawns, North Finchley, London N12 9PP	-	-	2	Flat
£420K	03/25	0.25 mi	55, Grange Avenue, North Finchley, London N12 8DL	-	-	2	Flat
£340K	01/24	0.26 mi	626, High Road, London, Greater London N12 0NU	£6,410	53	2	Flat
£395K	02/25	0.27 mi	Park Court, Flat 14, Friern Park, North Finchley, London N12 9UH	£6,475	61	2	Flat
£400K	12/23	0.27 mi	46, Glenhurst Road, North Finchley, London N12 9UB	£7,018	57	2	Flat
£470K	02/23	0.27 mi	34, Hutton Grove, London, Greater London N12 8DT	£6,620	71	2	Flat
£350K	03/25	0.29 mi	Flat 21, Cardrew Court, Friern Park, North Finchley, London N12 9LB	£6,034	58	2	Flat
£350K	03/25	0.29 mi	Flat 21, Cardrew Court, Friern Park, North Finchley, London N12 9LB	-	-	2	Flat
£430K	03/25	0.29 mi	1, Hamilton Square, North Finchley, London N12 0PL	£4,943	87	2	Flat
£430K	03/25	0.29 mi	1, Hamilton Square, North Finchley, London N12 0PL	-	-	2	Flat
£508K	03/23	0.29 mi	Ground Floor Flat, 63, Gainsborough Road, London, Greater London N12 8AA	£6,346	80	2	Flat
£350K	11/23	0.3 mi	Flat 9, Colman Court, Christchurch Avenue, London, Greater London N12 0DT	-	-	2	Flat
£568K	06/21	0.3 mi	57a, Gainsborough Road, London, Greater London N12 8AA	-	-	2	Flat
£519.4K	08/23	0.32 mi	Flat 9, Emerald Court, Woodside Park Road, London, Greater London N12 8XD	-	-	2	Flat
£400K	12/22	0.32 mi	Flat 3, Beecholme, Woodside Park Road, London, Greater London N12 8RF	-	-	2	Flat
£264K	02/25	0.33 mi	17 Homan Court, Flat 5, Friern Watch Avenue, North Finchley, London N12 9HW	£3,882	68	2	Flat
£510K	03/25	0.34 mi	892, Flat 22, High Road, North Finchley, London N12 9RF	£6,456	79	2	Flat
£550K	07/25	0.35 mi	28c, Alexandra Grove, North Finchley, London N12 8HG	-	-	2	Flat
£375K	09/23	0.35 mi	8, Cardrew Close, London, Greater London N12 9LE	£6,579	57	2	Flat
£225K	01/25	0.37 mi	St Elizabeths Court, Flat 16, Mayfield Avenue, North Finchley, London N12 9HZ	£3,571	63	2	Flat
£440K	06/21	0.37 mi	Flat 10, Greville Lodge, Woodside Park Road, London, Greater London N12 8RJ	-	-	2	Flat
£390K	09/21	0.37 mi	Flat 5, Avon Court, Holden Road, London, Greater London N12 8HR	-	-	2	Flat

Local Rents

50 rents from £1.5K/mo to £4.8K/mo, average is £2.2K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,950	07/25	0.04 mi	Stanhope Road, North Finchley	2	Flat
£1,850	08/25	0.06 mi	24 - 26 Friern Park, North Finchley, London	2	Flat
£1,675	08/25	0.07 mi	High Road, London, N12 9QD	2	Flat
£1,525	08/25	0.07 mi	High Road, North Finchley	2	Flat
£1,800	11/25	0.07 mi	Stanhope Road, North Finchley, N12	2	Flat
£1,700	11/25	0.07 mi	Friern Park, North Finchley, N12	2	Flat
£1,900	12/24	0.07 mi	-	2	Flat
£1,800	09/25	0.08 mi	Friern Park, North Finchley, N12	2	Flat
£1,800	06/24	0.08 mi	Friern Park, North Finchley, N12	2	Flat
£4,700	05/25	0.08 mi	High Road, London, N12	2	Flat
£4,800	01/25	0.08 mi	-	2	Flat
£4,700	06/25	0.08 mi	-	2	Flat
£3,800	11/25	0.08 mi	-	2	Flat
£3,500	10/25	0.08 mi	-	2	Flat
£2,800	10/25	0.08 mi	-	2	Flat
£3,500	10/25	0.08 mi	-	2	Flat
£3,750	10/25	0.08 mi	-	2	Flat
£2,500	07/25	0.08 mi	Sia Court, High Road, London	2	Flat
£2,750	07/25	0.08 mi	Sia Court, High Road, London	2	Flat
£2,500	07/25	0.08 mi	Sia Court, High Road, London	2	Flat
£2,750	07/25	0.08 mi	Sia Court, High Road, London	2	Flat
£4,800	05/24	0.08 mi	-	2	Flat
£2,100	10/25	0.09 mi	Friern Park, North Finchley, N12	2	Flat
£2,400	11/25	0.09 mi	High Road, Finchley	2	Flat
£2,000	09/25	0.09 mi	Friern Park, North Finchley	2	Flat
£2,200	09/25	0.09 mi	-	2	Flat
£1,600	09/25	0.1 mi	-	2	Flat
£1,850	06/25	0.1 mi	Mozart Street, Queens Park, London	2	Flat
£2,150	07/25	0.1 mi	Devonport Road, Shepherds Bush, W12	2	Flat
£2,500	05/24	0.1 mi	HIGH ROAD, North Finchley, London, N12	2	Flat
£2,500	06/25	0.1 mi	-	2	Flat
£2,500	10/25	0.1 mi	-	2	Flat
£2,099	10/25	0.1 mi	-	2	Flat
£2,050	10/25	0.1 mi	-	2	Flat
£2,100	10/25	0.1 mi	-	2	Bungalow
£2,250	09/25	0.11 mi	High Road, London, N12	2	Flat
£2,495	09/25	0.11 mi	-	2	Flat
£2,095	10/25	0.11 mi	-	2	Flat
£2,000	10/25	0.11 mi	-	2	Flat
£2,445	09/25	0.11 mi	-	2	Flat
£2,450	10/25	0.11 mi	-	2	Flat
£2,200	10/25	0.11 mi	-	2	Flat
£2,200	10/25	0.11 mi	-	2	Flat
£2,195	10/25	0.11 mi	-	2	Flat
£2,095	10/25	0.11 mi	-	2	Flat
£1,900	09/25	0.11 mi	Friern Park, London, N12	2	House
£2,100	10/25	0.11 mi	778-780 High Road, London, N12	2	Flat
£1,900	09/25	0.12 mi	Torrington Park, London, N12	2	Flat
£1,800	11/25	0.13 mi	Derby Avenue, North Finchley, N12	2	Flat
£1,900	05/24	0.13 mi	Torrington Park London N12	2	Flat

Local Area Statistics

Population in N12	28,73928,739
Population in London	4,771,9214,771,921
Town centre distance	6.69 miles away6.69 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.49 miles away0.49 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	-2%-2%
Sales demand	Buyer's marketBuyer's market
Capital growth (5yrs)	+3%+3%

Property History

Listed for £370,000

September 26, 2024

Floor Plans

Description

First floor flat +
Open plan reception/kitchen +
Two Bedrooms +
Shower room +
Ideal location for amenities & transport links +
Offered chain free +

A two bedroom split level first floor flat presented in good decorative order and ideally located for Tally Ho Shopping and transport facilities, serviced via Woodside Park (Northern Line) underground station and a local bus depot. The property comprises open plan reception/kitchen, two bedrooms, shower room and a long lease. Would ideally suit a First Time Buyer or Buy to let Investor and is offered on a chain free basis.

Agent Details

Winkworth, Finchley

020 3856 3929

Next Steps?

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

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2 Bed Flat, Single Let, London, N12 9DX £370,000

ValuationUndervalued

CashflowsOpen in Analyser

Local Sold PricesDownload Show map

Local RentsDownload Show map

Links

Local Area Statistics

Property History

Floor Plans

Description

Agent Details

Next Steps?

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Cashflows

Local Sold Prices

Local Rents