2 Bed Flat, Potential PLO/LOA, Enfield, EN2 7AQ, £350,000

Waverley Road, Enfield, EN2 7AQ - 26 views - 6 months ago

Negative Equity
ROI: 2%
~68 m²
+11 photos

ValuationUndervalued

Sold Prices£112K - £665K
Sold Prices/m²£2.6K/m² - £6.5K/m²

 

 

Square Metres

~68.11 m²
Price/m²£5.1K/m²

Value Estimate

£392,319
BMV12%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£87,500

Stamp Duty & Legal Fees

£16,700

Total Cash In

£104,200

 

 

Cash Out

 

Rent Range

£1,500 - £2,100

Rent Estimate

£1,591

Running Costs/mo

£1,432

Cashflow/mo

£159

Cashflow/yr

£1,909

ROI

2%

Gross Yield

5%

Local Sold Prices

50 sold prices from £112K to £665K, average is £340K. £2.6K/m² to £6.5K/m², average is £5.8K/m².

PriceDateDistanceAddressBeds 
£295K03/230.01 mi48, Waverley Road, Enfield, Greater London EN2 7AQ2
£340K12/200.01 mi46, Waverley Road, Enfield, Greater London EN2 7AQ2
£500K06/230.05 miFlat 13, Claremont Heights, Crescent Road, Enfield, Greater London EN2 7RY2
£565K12/200.05 miFlat 2, Mountford House, Crescent Road, Enfield, Greater London EN2 7BL2
£665K06/210.07 mi31, The Coppice, Enfield, Greater London EN2 7BX2
£285K03/210.08 mi53, Gladbeck Way, Enfield, Greater London EN2 7EL2
£305K03/210.11 mi175, Gladbeck Way, Enfield, Greater London EN2 7EW2
£257K01/230.16 mi67b, Windmill Hill, Enfield, Greater London EN2 7AF2
£345K11/200.19 mi4, Millers Green Close, Enfield, Greater London EN2 7BD2
£360K04/210.19 mi5d, Glebe Avenue, Enfield, Greater London EN2 8NZ2
£319K10/200.28 miFlat 14, Pinewood Court, Bycullah Road, Enfield, Greater London EN2 8EG2
£412.5K01/210.28 mi4, Windmill Hill, Enfield, Greater London EN2 6SA2
£420K04/230.31 mi29, Florence Drive, Enfield, Greater London EN2 8DG2
£320K01/210.35 mi27a, The Ridgeway, Enfield, Greater London EN2 8PB2
£347.5K02/230.37 mi13, West Bank, Enfield, Greater London EN2 8DU2
£412.5K07/230.4 mi11, Hermitage Close, Enfield, Greater London EN2 8EL2
£420K06/210.4 mi30a, Little Park Gardens, Enfield, Greater London EN2 6PG2
£364K09/210.41 mi27b, Chase Green Avenue, Enfield, Greater London EN2 8EA2
£367K05/230.44 mi27, Monks Close, Enfield, Greater London EN2 8DZ2
£325K03/210.46 mi91, Chase Green Avenue, Enfield, Greater London EN2 8EN2
£320K04/210.47 mi9, Canford Close, Enfield, Greater London EN2 8QN2
£520K05/210.5 mi75a, Chase Side, Enfield, Greater London EN2 6NL2
£315K10/200.54 mi17b, Links Side, Enfield, Greater London EN2 7QT2
£340K11/220.54 mi19, Links Side, Enfield, Greater London EN2 7QT2
£360K06/230.56 mi10, Englefield Close, Enfield, Greater London EN2 7QD2
£395K06/210.57 mi9, Mcadam Drive, Enfield, Greater London EN2 8PS2
£290K08/210.59 miFlat 73, Ingleborough, Cavell Drive, Enfield, Greater London EN2 7PR2
£360K10/200.6 mi18, Chase Ridings, Enfield, Greater London EN2 7QF2
£395K12/200.6 mi22, Chase Ridings, Enfield, Greater London EN2 7QF2
£365K06/230.6 mi31, Chase Ridings, Enfield, Greater London EN2 7QF2
£250K03/210.6 miFlat 16, Ingleborough, Cavell Drive, Enfield, Greater London EN2 7PR2
£260K08/210.6 miFlat 50, Ingleborough, Cavell Drive, Enfield, Greater London EN2 7PR2
£280K01/230.6 miFlat 85, Ingleborough, Cavell Drive, Enfield, Greater London EN2 7PR2
£150K09/230.6 mi29, Homewillow Close, London, Greater London N21 2HJ2
£290K06/230.6 mi35, Homewillow Close, London, Greater London N21 2HJ2
£375K11/200.65 mi28a, Vera Avenue, London, Greater London N21 1RA2
£112K01/230.65 mi70, Parsonage Lane, Enfield, Greater London EN2 0AH2
£355K03/230.66 mi26, Vera Avenue, London, Greater London N21 1RA2
£375K11/200.66 mi28a, Vera Avenue, London, Greater London N21 1RA2
£375K05/210.66 mi41, St Andrews Road, Enfield, Greater London EN1 3UA2
£290K10/200.67 mi26, Holtwhite Avenue, Enfield, Greater London EN2 0RS2
£172K04/210.67 mi37, The Grangeway, London, Greater London N21 2HD2
£340K01/210.67 mi51, The Grangeway, London, Greater London N21 2HD2
£295K09/230.67 mi25b, The Grangeway, London, Greater London N21 2HD2
£297K06/210.67 mi4, Kirkland Drive, Enfield, Greater London EN2 0RT2
£360K11/220.71 mi105, Uvedale Road, Enfield, Greater London EN2 6HD2
£317.5K03/230.71 mi73, Crofton Way, Enfield, Greater London EN2 8HR2
£315K03/230.71 mi52, John Gooch Drive, Enfield, Greater London EN2 8HG2
£300K01/210.71 mi60, John Gooch Drive, Enfield, Greater London EN2 8HG2
£328K12/200.72 mi155, Kirkland Drive, Enfield, Greater London EN2 0RJ2

Local Rents

50 rents from £1.5K/mo to £2.1K/mo, average is £1.8K/mo.

RentDateDistanceAddressBeds 
£1,65005/240.01 miWaverley Road, Enfield2
£1,60005/240.01 miWaverley Road, Enfield2
£1,60005/240.01 miWaverley Road, Enfield2
£1,79504/240.08 miGladbeck Way, Enfield2
£1,70004/240.08 mi-2
£1,70004/240.08 mi-2
£1,57512/230.16 mi-2
£1,70004/240.16 miWindmill Hill, EN22
£1,60003/240.16 miWindmill Hill, Enfield2
£1,70003/240.17 miHelen Clare Court, Enfield, EN22
£2,00003/250.17 mi-2
£2,00003/250.17 mi-2
£1,60005/240.18 miWindmill Hill, Enfield2
£1,75004/240.19 miMillers Green Close, ENFIELD2
£1,65004/240.2 miBycullah Road, ENFIELD2
£1,80004/240.22 miBycullah Road, ENFIELD2
£1,79504/240.22 miBycullah Court, Enfield2
£1,90004/240.26 miSaphire Court, Enfield, EN22
£1,67504/240.27 miThe Ridgeway, Enfield, Middlesex, EN22
£1,70004/240.29 mi10-12 The Ridgeway, Enfield2
£1,70003/240.3 mi-2
£1,75003/240.31 miSlades Hill, ENFIELD2
£1,85002/240.33 mi-2
£1,85003/240.33 miFlorence Drive, Enfield, EN22
£1,65004/240.4 miThe Ridgeway, London, EN22
£1,85002/250.43 mi-2
£1,80003/250.45 mi-2
£2,00004/240.45 mi-2
£1,90002/250.47 mi-2
£1,80004/240.48 miBycullah Road, Enfield, EN22
£2,00004/240.49 mi-2
£2,00003/240.49 miBurleigh Way, Enfield, EN22
£2,00004/240.49 miBurleigh Way, Enfield2
£1,90005/240.49 miBurleigh Way, Enfield, EN22
£1,89804/240.49 miBurleigh Way, Enfield, EN22
£1,65004/240.49 miChurch Street, Enfield Town EN22
£2,00004/240.49 miBurleigh Way, Enfield2
£1,90004/240.49 miBurleigh Way, Enfield, EN22
£1,65004/240.51 miThe Ridgeway, Enfield, EN22
£1,65004/240.51 miThe Ridgeway, Enfield, EN22
£1,70003/240.52 miThe Glade, Enfield2
£1,79804/240.55 miUplands Park Road, Enfield EN22
£1,82503/240.56 miRedwood House, Enfield, EN22
£1,55004/240.56 miTrinity Street, Enfield, Middlesex, EN22
£1,75003/250.58 mi-2
£1,71203/240.59 miThe Grove, Enfield EN22
£1,75003/240.6 miSydney Road, London, EN22
£1,50003/250.6 mi-2
£2,10003/240.6 miSydney Road, Enfield Town, EN22
£1,75003/240.6 miTower Point, Sydney Road, EN22

Local Area Statistics

Population in EN2

29,471

Population in Enfield

130,248

Town centre distance

0.23 miles away

Nearest school

0.50 miles away

Nearest train station

0.19 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+1%

Sales demand

Balanced market

Capital growth (5yrs)

+19%

Property History

Listed for £350,000

-5%

October 2, 2024

Sold for £368,000

2016

Sold for £234,000

2012

Sold for £192,500

2011

Sold for £126,995

2000

Sold for £82,495

1995

Floor Plans

Description

Beautifully presented two-bedroom first floor apartment situated within this lovely purpose-built block, located on this residential turning off Windmill Hill. With modern finishes and ample natural light, the apartment offers generous living accommodation and benefits include, fitted kitchen, open plan 15ft reception /dining room, bathroom with additional shower cubicle and externally you have allocated parking. The property can be found within 0.3 miles of Enfield Chase overground and within close proximity to Enfield town shopping district with its array of shops, restaurants, and amenities. Ideal for a first-time buyer, investor or somebody downsizing. Offered with a share of freehold and chain free.

Agent Details

Anthony Pepe Estate Agents, Enfield

020 8129 6052

Next Steps?

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