3 Bed Flat, Single Let, London, N22 6LL, £375,000

34A Gladstone Avenue, London, Greater London, N22 6LL - 3 views - 7 months ago

Sold STC

Leasehold

BTL

ROI: 4%

~65 m²

+15 photos

ValuationUndervalued

Sold Prices	£350K - £890K
Sold Prices/m²	£4.4K/m² - £10K/m²

Square Metres	~64.70 m²
Price/m²	£5.8K/m²
Value Estimate	£422,707£422,707
BMV	13%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£93,750£93,750
Stamp Duty & Legal Fees	£18,700£18,700
Total Cash In	£112,450£112,450

Cash Out
Rent Range	£2,000 - £3,000£2,000 - £3,000
Rent Estimate	£2,000
Running Costs/mo	£1,592£1,592
Cashflow/mo	£408£408
Cashflow/yr	£4,898£4,898
ROI	4%4%
Gross Yield	6%6%

Local Sold Prices

42 sold prices from £350K to £890K, average is £515K. £4.4K/m² to £10K/m², average is £6.7K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£480K	12/20	0.18 mi	670a, Lordship Lane, London, Greater London N22 5JJ	-	-	3	Flat
£565K	11/21	0.27 mi	4a, Pellatt Grove, London, Greater London N22 5PL	£6,890	82	3	Flat
£520K	11/20	0.33 mi	Ground Floor Flat, 28, Alexandra Road, Hornsey, London, Greater London N8 0PP	£8,000	65	3	Flat
£390K	11/20	0.38 mi	22, Acacia Road, London, Greater London N22 5SB	£5,270	74	3	Flat
£431.5K	12/22	0.4 mi	246, Lymington Avenue, London, Greater London N22 6JN	£6,346	68	3	Flat
£515K	06/21	0.47 mi	125, Sirdar Road, London, Greater London N22 6QS	£5,421	95	3	Flat
£505K	09/21	0.5 mi	33a, Carlingford Road, London, Greater London N15 3EJ	-	-	3	Flat
£540K	12/20	0.6 mi	60b, Rusper Road, London, Greater London N22 6RA	£6,923	78	3	Flat
£350K	10/21	0.64 mi	Flat 13, Mildura Court, Church Lane, Hornsey, London, Greater London N8 7NS	-	-	3	Flat
£640K	04/23	0.71 mi	18a, Palace Gates Road, London, Greater London N22 7BN	-	-	3	Flat
£520K	12/23	0.72 mi	32b, Sylvan Avenue, London, Greater London N22 5HY	£5,474	95	3	Flat
£515K	01/23	0.73 mi	163a, Harringay Road, London, Greater London N15 3HP	-	-	3	Flat
£475K	11/20	0.75 mi	87, Truro Road, London, Greater London N22 8DH	£8,850	54	3	Flat
£490K	07/23	0.77 mi	25, Palmerston Road, London, Greater London N22 8QH	£6,533	75	3	Flat
£645K	09/23	0.79 mi	24, Crescent Road, Wood Green, London, Greater London N22 7RS	£6,143	105	3	Flat
£407K	08/23	0.81 mi	154, Maryland Road, London, Greater London N22 5AP	£6,167	66	3	Flat
£510K	06/21	0.83 mi	209, Wightman Road, London, Greater London N8 0BA	£6,145	83	3	Flat
£482.5K	05/23	0.83 mi	Ground Floor Flat, 17, Rathcoole Avenue, London, Greater London N8 9LY	£7,782	62	3	Flat
£550K	07/21	0.83 mi	17b, Rathcoole Avenue, London, Greater London N8 9LY	-	-	3	Flat
£555K	06/21	0.84 mi	91a, Harringay Road, London, Greater London N15 3HU	£8,174	68	3	Flat
£417K	02/23	0.84 mi	Ground Floor Flat, 117, Maryland Road, London, Greater London N22 5AS	-	-	3	Flat
£527K	02/23	0.84 mi	129, Maryland Road, London, Greater London N22 5AS	£6,275	84	3	Flat
£650K	07/23	0.85 mi	44a, Rathcoole Avenue, London, Greater London N8 9NA	-	-	3	Flat
£580K	06/21	0.85 mi	117, Crescent Road, Wood Green, London, Greater London N22 7RU	£7,532	77	3	Flat
£425K	04/21	0.85 mi	210, Lyndhurst Road, London, Greater London N22 5AU	£6,071	70	3	Flat
£450K	01/21	0.86 mi	232, Lyndhurst Road, London, Greater London N22 5AU	£7,258	62	3	Flat
£505K	05/21	0.87 mi	111, Lyndhurst Road, London, Greater London N22 5AX	£5,372	94	3	Flat
£437K	06/21	0.9 mi	27, Lascotts Road, London, Greater London N22 8JG	-	-	3	Flat
£515K	01/21	0.9 mi	108, Crescent Road, Wood Green, London, Greater London N22 7RZ	£7,254	71	3	Flat
£680K	02/23	0.91 mi	7a, Hawthorn Road, London, Greater London N8 7LY	£8,000	85	3	Flat
£560K	02/23	0.91 mi	95a, North View Road, London, Greater London N8 7LR	£9,780	57	3	Flat
£850K	03/21	0.92 mi	20, Hewitt Road, London, Greater London N8 0BL	£6,250	136	3	Flat
£565K	03/21	0.93 mi	First Floor Flat, 88a, North View Road, London, Greater London N8 7LP	-	-	3	Flat
£575K	12/20	0.96 mi	168a, North View Road, London, Greater London N8 7NB	£8,333	69	3	Flat
£555K	12/20	0.96 mi	64b, Seymour Road, London, Greater London N8 0BE	-	-	3	Flat
£445.5K	03/21	0.97 mi	60a, Marlborough Road, London, Greater London N22 8NN	-	-	3	Flat
£430K	02/24	0.97 mi	102a, Whittington Road, London, Greater London N22 8YH	£6,935	62	3	Flat
£890K	09/21	0.97 mi	43a, Priory Avenue, London, Greater London N8 7RP	-	-	3	Flat
£540K	04/24	0.98 mi	99, Victoria Road, Wood Green, London, Greater London N22 7XG	£10,000	54	3	Flat
£375K	06/21	0.99 mi	22, Tredegar Road, London, Greater London N11 2PY	£4,412	85	3	Flat
£375K	06/21	0.99 mi	22, Tredegar Road, London, Greater London N11 2PY	£4,412	85	3	Flat
£615K	08/23	1 mi	Flat 32, Wellington, Ashford Avenue, London, Greater London N8 8LL	-	-	3	Flat

Local Rents

50 rents from £2K/mo to £3K/mo, average is £2.5K/mo.

Rent	Date	Distance	Address	Beds	Type
£2,400	04/25	0.03 mi	-	3	Terraced House
£2,320	06/24	0.06 mi	-	3	Terraced House
£2,578	06/24	0.2 mi	Mayes Road, Wood Green, N22	3	Flat
£2,400	01/25	0.2 mi	-	3	Flat
£2,700	07/24	0.2 mi	Lymington Avenue, London	3	Terraced House
£2,578	06/24	0.22 mi	Mayes Road,	3	Flat
£2,600	12/24	0.25 mi	-	3	Detached House
£2,990	06/24	0.25 mi	Hornsey Park Road, Crouch End, London, N8	3	Terraced House
£2,600	02/25	0.26 mi	-	3	Flat
£2,600	02/25	0.26 mi	-	3	Flat
£2,600	04/25	0.26 mi	-	3	Flat
£2,450	05/24	0.3 mi	Winkfield Road London N22	3	Flat
£2,700	03/25	0.3 mi	-	3	Flat
£2,500	05/24	0.3 mi	Malvern Road	3	Detached House
£2,600	02/24	0.31 mi	Hewitt Avenue, London, N22	3	Terraced House
£2,300	07/24	0.31 mi	Flat 6, Vera Court, Lordship Lane, London	3	Flat
£2,750	07/24	0.33 mi	Russell Avenue, Wood Green	3	House
£2,100	03/25	0.34 mi	-	3	Terraced House
£2,400	05/24	0.35 mi	Westbury Avenue, London, N22	3	Flat
£2,400	05/24	0.35 mi	-	3	Flat
£2,700	12/24	0.36 mi	-	3	Flat
£2,690	06/24	0.36 mi	Mowbray Court, London, N22	3	Flat
£2,690	07/24	0.36 mi	-	3	Flat
£2,400	06/24	0.38 mi	-	3	Flat
£2,250	03/25	0.4 mi	-	3	Flat
£2,750	02/25	0.41 mi	-	3	Flat
£2,495	04/25	0.41 mi	-	3	Flat
£2,400	06/24	0.41 mi	Gladstone Avenue, N22, Wood Green, London, N22	3	House
£2,400	12/24	0.42 mi	-	3	Flat
£2,200	01/25	0.42 mi	-	3	Flat
£2,000	04/25	0.42 mi	-	3	Flat
£2,000	05/24	0.42 mi	-	3	House
£2,000	05/24	0.42 mi	-	3	Flat
£2,000	05/24	0.42 mi	-	3	House
£2,200	04/25	0.42 mi	-	3	Flat
£2,800	03/25	0.42 mi	-	3	Flat
£2,300	03/25	0.43 mi	-	3	Terraced House
£2,500	02/25	0.43 mi	-	3	Terraced House
£2,750	06/24	0.44 mi	Turnpike Lane, Turnpike Lane	3	Flat
£2,200	06/24	0.46 mi	Turnpike Lane, Crouch End, London	3	Flat
£3,000	06/24	0.46 mi	Turnpike Lane, Crouch End, London	3	Flat
£2,400	06/24	0.46 mi	Turnpike Lane, Hornsey , London	3	Flat
£2,700	03/25	0.46 mi	-	3	Terraced House
£2,450	07/24	0.47 mi	Sirdar Road, London, N22	3	Flat
£2,197	08/24	0.47 mi	Sydney Road, Turnpike Lane N8	3	Flat
£2,197	08/24	0.47 mi	Sydney Road, Haringey N8	3	Flat
£2,350	07/24	0.47 mi	Leith Road, Wood Green, N22	3	Terraced House
£2,650	07/24	0.47 mi	-	3	Terraced House
£2,650	07/24	0.47 mi	Park Avenue, London, N22	3	Terraced House
£2,600	04/25	0.5 mi	-	3	Terraced House

Local Area Statistics

Population in N22	42,99642,996
Population in London	4,771,9214,771,921
Town centre distance	4.66 miles away4.66 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.18 miles away0.18 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	-2%-2%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+9%+9%

Property History

Listed for £375,000

September 27, 2024

Sold for £243,500

2013

Sold for £155,000

2004

Floor Plans

Description

Second Floor Apartment +
Three Bedrooms +
Gas Central Heating +
Long Lease +
Balcony +
Chain Free +

This generously sized three-bedroom flat, located on the second floor of a charming ex-local authority purpose-built block, also offering a fantastic opportunity for those looking to add their personal touch. While it may need a bit of modernizing, the property already boasts gas central heating and a cozy balcony—perfect for enjoying your morning coffee or unwinding in the evening. Situated just a five-minute stroll from Wood Green Underground Station (Piccadilly Line) and the vibrant Wood Green Shopping City, you'll have a variety of shops, trendy eateries, and buzzing bars at your fingertips. With the added bonus of being chain-free, this is a must-see property with incredible potential—don't miss out!

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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