2 Bed Flat, Single Let, London, N18 2FF, £319,995

Prowse Court, London, N18 2FF - 3 views - 6 months ago

Leasehold

BTL

ROI: 2%

~68 m²

+6 photos

ValuationUndervalued

Sold Prices	£230K - £415K
Sold Prices/m²	£3.2K/m² - £7.2K/m²

Square Metres	~68.11 m²
Price/m²	£4.7K/m²
Value Estimate	£331,559£331,559
BMV	4%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£79,999£79,999
Stamp Duty & Legal Fees	£14,300£14,300
Total Cash In	£94,298£94,298

Cash Out
Rent Range	£1,450 - £3,500£1,450 - £3,500
Rent Estimate	£1,488
Running Costs/mo	£1,318£1,318
Cashflow/mo	£170£170
Cashflow/yr	£2,045£2,045
ROI	2%2%
Gross Yield	6%6%

Local Sold Prices

42 sold prices from £230K to £415K, average is £270K. £3.2K/m² to £7.2K/m², average is £4.9K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£233K	02/22	0.12 mi	Flat 7, Bridport House, Colyton Way, London, Greater London N18 2XJ	-	-	2	Flat
£300K	06/21	0.26 mi	106, Middleham Road, London, Greater London N18 2SD	£5,882	51	2	Flat
£307K	03/21	0.34 mi	69, Northumberland Park, London, Greater London N17 0TG	£6,532	47	2	Flat
£285K	11/22	0.36 mi	1, Taylor Close, London, Greater London N17 0UB	£4,914	58	2	Flat
£245K	02/22	0.41 mi	6, Inverness Road, London, Greater London N18 2EE	£5,000	49	2	Flat
£342K	02/23	0.42 mi	123, Northumberland Park, London, Greater London N17 0TL	£6,333	54	2	Flat
£265K	07/22	0.45 mi	28, Herne Mews, London, Greater London N18 2QZ	-	-	2	Flat
£251K	10/21	0.46 mi	14, Dickens Lane, London, Greater London N18 1PH	-	-	2	Flat
£230K	06/22	0.46 mi	23, Dickens Lane, London, Greater London N18 1PH	£5,610	41	2	Flat
£275K	04/23	0.47 mi	26, Culpepper Close, London, Greater London N18 2DZ	£4,661	59	2	Flat
£270K	03/23	0.47 mi	12, Culpepper Close, London, Greater London N18 2DZ	£4,091	66	2	Flat
£310K	04/21	0.48 mi	17, Academia Way, London, Greater London N17 8HE	£4,559	68	2	Flat
£320K	08/21	0.53 mi	Flat 37, Somerset Hall, Creighton Road, London, Greater London N17 8SH	-	-	2	Flat
£270K	11/21	0.53 mi	50, Leopold Road, London, Greater London N18 2HX	-	-	2	Flat
£275K	11/20	0.53 mi	Flat 55, Somerset Hall, Creighton Road, London, Greater London N17 8SH	-	-	2	Flat
£266K	12/21	0.54 mi	70, Leopold Road, London, Greater London N18 2HX	£5,216	51	2	Flat
£260K	04/21	0.54 mi	46, Leopold Road, London, Greater London N18 2EW	£4,409	59	2	Flat
£260K	12/22	0.55 mi	52, Pycroft Way, London, Greater London N9 9XY	£4,407	59	2	Flat
£290K	11/22	0.56 mi	Flat 46, Somerset Hall, Creighton Road, London, Greater London N17 8SH	-	-	2	Flat
£245K	07/22	0.56 mi	82, Wigston Close, London, Greater London N18 1XF	£4,737	52	2	Flat
£255K	06/22	0.56 mi	49, Tanners End Lane, London, Greater London N18 1PQ	£5,835	44	2	Flat
£250K	08/22	0.56 mi	55, Tanners End Lane, London, Greater London N18 1PQ	£3,571	70	2	Flat
£250K	01/22	0.58 mi	56, Leopold Road, London, Greater London N18 2HX	£4,237	59	2	Flat
£270K	11/21	0.58 mi	50, Leopold Road, London, Greater London N18 2HX	-	-	2	Flat
£243K	02/23	0.58 mi	38, Tanners End Lane, London, Greater London N18 1PG	£3,197	76	2	Flat
£274K	03/23	0.58 mi	10, Park Lane Close, London, Greater London N17 0HL	£4,281	64	2	Flat
£270K	09/22	0.59 mi	49, Pycroft Way, London, Greater London N9 9XU	£5,348	50	2	Flat
£260K	03/21	0.59 mi	53, Pycroft Way, London, Greater London N9 9XU	£4,906	53	2	Flat
£262K	05/21	0.62 mi	Flat 4, Romany House, Beaconsfield Road, London, Greater London N9 0PY	-	-	2	Flat
£245K	03/21	0.66 mi	Flat 14, Corbridge House, Northumberland Park, London, Greater London N17 0QE	-	-	2	Flat
£285K	07/23	0.67 mi	Flat 3, Whittingham House, Northumberland Park, London, Greater London N17 0QG	£3,958	72	2	Flat
£257.5K	09/21	0.69 mi	42, Grilse Close, London, Greater London N9 0UU	£4,952	52	2	Flat
£321K	06/21	0.72 mi	28, Gascoigne Close, London, Greater London N17 8BA	£5,350	60	2	Flat
£315K	10/23	0.74 mi	16a, Sunnyside Road North, London, Greater London N9 9SW	-	-	2	Flat
£275K	03/22	0.78 mi	41, Jeremys Green, London, Greater London N18 2NB	£4,260	65	2	Flat
£318K	10/20	0.78 mi	24, Shelbourne Road, London, Greater London N17 9YH	£7,195	44	2	Flat
£415K	04/23	0.82 mi	52, Pembury Road, London, Greater London N17 8LY	-	-	2	Flat
£262K	03/21	0.91 mi	40, Siddons Road, London, Greater London N17 9UT	£4,596	57	2	Flat
£400K	11/22	0.91 mi	46, Siddons Road, London, Greater London N17 9UT	-	-	2	Flat
£258K	12/20	0.98 mi	21, All Saints Close, London, Greater London N9 9AT	£4,868	53	2	Flat
£335K	06/21	0.99 mi	157, Shelbourne Road, London, Greater London N17 9YD	-	-	2	Flat
£326K	06/21	0.99 mi	161a, Shelbourne Road, London, Greater London N17 9YD	£5,344	61	2	Flat

Local Rents

50 rents from £1.4K/mo to £3.5K/mo, average is £1.9K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,750	03/25	0.03 mi	-	2	Flat
£1,850	06/24	0.15 mi	Leyburn Grove, Edmonton, London	2	House
£1,950	06/24	0.2 mi	Lancaster Road, Edmonton	2	Terraced House
£1,700	06/24	0.22 mi	Brantwood Road, Tottenham, London, N17	2	Flat
£1,900	05/24	0.26 mi	-	2	Flat
£2,050	12/24	0.28 mi	-	2	Flat
£1,950	03/25	0.28 mi	-	2	Flat
£2,200	03/25	0.28 mi	-	2	Flat
£1,850	03/25	0.28 mi	-	2	Flat
£1,450	12/24	0.29 mi	-	2	Flat
£1,850	03/25	0.29 mi	-	2	Flat
£1,850	02/25	0.32 mi	-	2	Flat
£1,800	03/25	0.32 mi	-	2	Flat
£2,150	12/24	0.32 mi	-	2	Semi-Detached House
£3,500	02/25	0.33 mi	-	2	Flat
£1,800	12/24	0.33 mi	-	2	Flat
£1,700	12/24	0.33 mi	-	2	Flat
£2,000	12/24	0.33 mi	-	2	Flat
£1,650	03/25	0.34 mi	-	2	Flat
£1,745	06/24	0.34 mi	Victoria Road,	2	Flat
£1,695	06/24	0.34 mi	Victoria Road,	2	Flat
£2,495	01/25	0.35 mi	-	2	Bungalow
£2,495	02/25	0.35 mi	-	2	Bungalow
£2,395	02/25	0.35 mi	-	2	Bungalow
£2,345	02/25	0.35 mi	-	2	Bungalow
£2,345	02/25	0.35 mi	-	2	Bungalow
£2,345	02/25	0.35 mi	-	2	Bungalow
£2,195	03/25	0.35 mi	-	2	Bungalow
£1,800	05/24	0.4 mi	-	2	Flat
£1,950	01/25	0.41 mi	-	2	Flat
£1,800	05/24	0.41 mi	Trulock Road, Northumberland Park, Tottenham, London, N17	2	Terraced House
£1,662	05/24	0.42 mi	Trulock Road, Tottenham, London, N17	2	Flat
£1,750	06/24	0.42 mi	Trulock Road, Tottenham, London, N17	2	Flat
£2,400	03/25	0.42 mi	-	2	Flat
£1,825	12/24	0.43 mi	-	2	Flat
£1,595	03/25	0.47 mi	-	2	Flat
£1,800	05/24	0.48 mi	2 Bedroom Flat – Academia Way, White Hart Lane N17	2	Flat
£1,600	01/25	0.49 mi	-	2	Flat
£1,550	05/24	0.5 mi	Culpepper Close, Edmonton, London, N18	2	Flat
£1,800	03/25	0.51 mi	-	2	Flat
£1,800	03/25	0.51 mi	-	2	Flat
£2,000	06/24	0.51 mi	-	2	Flat
£1,600	06/24	0.53 mi	Somerset Hall, Creighton Road, Tottenham N17	2	Flat
£1,900	01/25	0.54 mi	-	2	Flat
£1,700	12/24	0.54 mi	-	2	Flat
£1,900	03/25	0.54 mi	-	2	Flat
£1,975	03/25	0.54 mi	-	2	Flat
£2,500	06/24	0.54 mi	Creighton Road, N17	2	Flat
£1,750	03/25	0.54 mi	-	2	Flat
£1,590	05/24	0.54 mi	Warwick Road, Edmonton, N18	2	Flat

Local Area Statistics

Population in N18	31,59831,598
Population in London	4,771,9214,771,921
Town centre distance	5.99 miles away5.99 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	0.44 miles away0.44 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+19%+19%
Sales demand	Buyer's marketBuyer's market
Capital growth (5yrs)	+10%+10%

Property History

Listed for £319,995

October 9, 2024

Floor Plans

Description

2 DOUBLE BEDROOMS +
FAMILY BATHROOM +
NHBC WARRANTY +
BALCONY +
VACANT POSSESSION +
EN-SUITE SHOWER ROOM +
PARKING SPACE +
OPEN-PLAN KITCHEN +
VERY GOOD CONDITION +
COUNCIL TAX BAND C +

A luxurious two-bedroom apartment set on the fifth floor of an attractive modern development.

The property would make an ideal first time buy for professionals with excellent public transport connections offers and modern living space with important features such as an en-suite shower room, a fully fitted kitchen and balcony. The accommodation is spacious and bright and is comfortable and convenient for working at home.

Built in 2015 and still within NHBC Warranty and serviced by two lifts. It comes with a dedicated parking space nearby and has a long lease. Located on Fore Street the main High Street. Close to Tottenham, with a range of shops and facilities.

The area is served by multiple regular bus services and is within walking distance of Silver Street Overground Station, with regular services (every 15 minutes) into London Liverpool St, via Seven Sisters underground Station (Victoria Line).

The property is offered with immediate vacant possession.

Hallway
Laminate flooring, storage cupboard housing washing machine & power points

Reception 20'3 x 14'7
Open plan, laminate flooring, radiator, power points & double glazed door to balcony

Reception Other View
Kitchen
Fitted wall & base units, double stainless steel sink with mixer taps, fitted electric hob & oven, integrated fridge/freezer & dishwasher, extractor fan, power points & tiled flooring.

Bedroom 1 15'3 x 9'
Laminate flooring, radiator, power points & double glazed doors to Juliet balcony

Bedroom 1 Other view
En-Suite 6'8 x 4'1
Shower cubicle & fitted attachments with sliding glass doors, low flush WC, wah hand basin with mixer tap, heated towel rail & tiled splash backs.

Bedroom 2 14.7 x 8'6
Laminate flooring, radiator, power points & double glazed doors leading to Juliet balcony.

Bathroom 7'2 x 6'9
Panel bath with shower attachment, wash hand basin with mixer taps, tiled splash backs, low flush WC, heated towel rail, extractor fan & tiled flooring.

Balcony
Wooden flooring & metal railings

Agent Details

Masons Property Services, Edmonton

020 3835 3418

Next Steps?

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

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