3 Bed Terraced House, Refurb/BRRR, London, N3 2QP, £695,000

Rosemary Avenue, London, N3 2QP - 6 months ago

Refurb/BRRR
~114 m²
+15 photos

ValuationFair Value

Sold Prices£460K - £1.3M
Sold Prices/m²£5.1K/m² - £15.6K/m²

 

 

Square Metres

~114.20 m²
Price/m²£6.1K/m²

Value Estimate

£708,900

 

 

End Value (After Refurb)

£763,402

Uplift in Value

+10%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£173,750

Stamp Duty & Legal Fees

£60,700

Refurb Costs

£60,415

Bridging Loan Interest

£18,244

Total Cash In

£314,859

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£763,402

Mortgage (After Refinance)

£572,552

Mortgage LTV

75%

Cash Released

£51,302

Cash Left In

£263,558

Equity

£190,851

Rent Range

£1,625 - £4,225

Rent Estimate

£2,577

Running Costs/mo

£2,921

Cashflow/mo

£-344

Cashflow/yr

£-4,128

Gross Yield

4%

Local Sold Prices

50 sold prices from £460K to £1.3M, average is £701K. £5.1K/m² to £15.6K/m², average is £7.2K/m².

PriceDateDistanceAddressBeds 
£825K11/220.01 mi27, Rosemary Avenue, London, Greater London N3 2QP3
£765K02/230.02 mi56, Rosemary Avenue, London, Greater London N3 2QN3
£707K11/200.02 mi36, Rosemary Avenue, London, Greater London N3 2QN3
£850K01/230.06 mi27, Briarfield Avenue, London, Greater London N3 2LG3
£650K02/210.06 mi84, Rosemary Avenue, London, Greater London N3 2QN3
£736.5K06/210.09 mi28, Tangle Tree Close, London, Greater London N3 2TR3
£1.1M08/230.1 mi20, Briarfield Avenue, London, Greater London N3 2LH3
£1.0M11/220.18 mi120, Lichfield Grove, London, Greater London N3 2JN3
£650K04/230.18 mi144, Squires Lane, London, Greater London N3 2QT3
£460K09/220.21 mi221, Long Lane, London, Greater London N3 2RL3
£982K11/220.22 mi94, Lichfield Grove, London, Greater London N3 2JN3
£586.3K02/240.24 mi326, Long Lane, London, Greater London N2 8JP3
£615K02/210.27 mi1, Cromwell Road, Finchley, London, Greater London N3 2ET3
£681.5K11/200.27 mi6, Cromwell Road, Finchley, London, Greater London N3 2ET3
£557K06/230.27 mi14, The Mead, London, Greater London N2 8LD3
£615K10/220.27 mi17, Montpelier Road, London, Greater London N3 2ER3
£600K05/210.28 mi22, Montpelier Road, London, Greater London N3 2ER3
£625K09/230.28 mi21, Montpelier Road, London, Greater London N3 2ER3
£645K10/200.3 mi177, Squires Lane, London, Greater London N3 2AA3
£580K11/200.3 mi34, Avondale Road, London, Greater London N3 2ES3
£680K04/230.3 mi18, Avondale Road, London, Greater London N3 2ES3
£685K06/210.31 mi20, Brendon Grove, London, Greater London N2 8JZ3
£780.8K10/220.32 mi15, Avondale Road, London, Greater London N3 2EU3
£637.5K12/200.32 mi5, Avondale Road, London, Greater London N3 2EU3
£570K06/210.32 mi47, Avondale Road, London, Greater London N3 2EU3
£551K03/210.32 mi41, Avondale Road, London, Greater London N3 2EU3
£617K12/220.32 mi47, Avondale Road, London, Greater London N3 2EU3
£805K09/210.32 mi9, Cadogan Gardens, London, Greater London N3 2HN3
£815K03/210.32 mi24, Cadogan Gardens, London, Greater London N3 2HN3
£812K11/220.32 mi327, Long Lane, London, Greater London N2 8JW3
£687.5K12/230.33 mi62, Hamilton Road, London, Greater London N2 0SW3
£780K08/230.33 mi70, Hamilton Road, London, Greater London N2 0SW3
£727.5K09/210.33 mi86, Hamilton Road, London, Greater London N2 0SW3
£610K12/200.33 mi20, Hamilton Road, London, Greater London N2 0SW3
£775K01/210.33 mi42, Hamilton Road, London, Greater London N2 0SW3
£790K06/210.33 mi54, Hamilton Road, London, Greater London N2 0SW3
£865K03/210.34 mi305, Long Lane, London, Greater London N2 8JW3
£675K11/210.34 mi126, Squires Lane, London, Greater London N3 2AB3
£695K02/230.34 mi5, Avondale Road, London, Greater London N3 2EU3
£745K09/210.35 mi380, Long Lane, London, Greater London N2 8JX3
£955K06/210.35 mi3, Holmwood Gardens, London, Greater London N3 3NS3
£685K04/210.35 mi23, Brackenbury Road, London, Greater London N2 0SS3
£817.5K03/240.35 mi67, Brackenbury Road, London, Greater London N2 0SS3
£770K12/230.35 mi41, Brackenbury Road, London, Greater London N2 0SS3
£1.3M12/200.37 mi9, Park Avenue, London, Greater London N3 2EJ3
£727.5K06/210.37 mi40, Brackenbury Road, London, Greater London N2 0ST3
£625K06/210.37 mi6, Brackenbury Road, London, Greater London N2 0ST3
£662.5K02/240.37 mi36, Brackenbury Road, London, Greater London N2 0ST3
£910K09/220.37 mi56, Sylvester Road, London, Greater London N2 8HN3
£785K06/210.4 mi35, Hervey Close, London, Greater London N3 2HG3

Local Rents

49 rents from £1.6K/mo to £4.2K/mo, average is £2.5K/mo.

RentDateDistanceAddressBeds 
£2,75007/240 miRosemary Avenue, Finchley, N33
£2,30007/240.13 miManor View, Finchley3
£2,10005/240.14 miSquires Lane, Finchley3
£2,50005/240.17 miManor View, Finchley, N33
£2,20006/240.18 miManor Cottages Approach, East Finchley3
£2,75006/240.18 miNursery Avenue, Finchley, N33
£2,50005/240.19 miStation Road, Finchley Central, London, N33
£3,00001/250.23 mi-3
£2,30006/240.24 miLong Lane, Finchley3
£2,10006/240.25 miAbingdon Road, Finchley3
£2,00006/240.25 miAbingdon Road, Finchley3
£2,35005/240.28 miLong Lane, East Finchley, London, N23
£2,40005/240.31 miStation Road, Finchley, N33
£2,74502/250.32 mi-3
£1,62512/240.33 mi-3
£3,00005/240.34 miMoat Crescent, Finchley3
£3,00002/240.34 mi-3
£2,10002/240.35 miLong Lane, East Finchley, London3
£2,00007/240.36 miLichfield Grove, Finchley3
£2,30002/240.37 miStation Road, Finchley, London, N33
£2,25005/240.38 miEast End Road, East Finchley, London, N23
£2,45005/240.39 miSedgemere Avenue, East Finchley, N23
£2,45007/240.4 mi-3
£2,55006/240.41 miManor Park Road, London, N23
£2,45006/240.41 miSedgemere Avenue, N63
£2,50005/240.42 mi-3
£2,50003/250.42 mi-3
£2,90004/250.42 mi-3
£2,80001/250.42 mi-3
£2,10012/240.44 mi-3
£4,22505/240.44 miAshridge Close, Finchley N33
£2,40005/240.46 miTarling Road, East Finchley, London, N23
£2,75008/240.46 miPrinces Avenue, London, N33
£2,85011/240.46 mi-3
£2,79905/240.48 miKingsgate Avenue, Finchley Central N33
£3,00005/240.48 mi-3
£3,00005/240.48 miBrownswell Road, London, N23
£2,65008/240.49 miFinchley, London, N33
£2,55009/240.49 mi-3
£2,20005/240.5 miManor Park Road, East Finchley, N23
£2,40008/240.5 miClifton Road, Finchley Central3
£2,35005/240.51 miGlebe Road, Finchley, London, N33
£3,30005/240.51 miSQUIRES LANE, Finchley Central, London, N33
£3,00005/240.51 miLong Lane, Finchley3
£2,60012/240.51 miLewis Gardens, East Finchley, N23
£3,00006/240.52 miRegents Park Road, Finchley, London, N33
£3,50006/240.53 miLong Lane, Finchley Central, London N33
£2,55011/240.55 mi-3
£2,55011/240.55 mi-3

Local Area Statistics

Population in N3

26,584

Population in London

4,771,921

Town centre distance

5.80 miles away

Nearest school

0.20 miles away

Nearest train station

0.48 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-30%

Sales demand

Buyer's market

Capital growth (5yrs)

+19%

Property History

Price changed to £695,000

March 4, 2025

Listed for £750,000

October 16, 2024

Floor Plans

Description

  • Chain free +
  • 3 Bedrooms +
  • 3 Bathrooms +
  • End of terrace +
  • Potential to extend (STPP) +
  • Near Akiva And St Theresa Primary Schools +
  • In need of modernisation +
  • 0.5 Miles from Finchley Central Station +

A spacious three bedroom, three bathroom end-of-terrace family home on a sought-after road, offering excellent potential for renovation. This property serves as a perfect blank canvas for buyers looking to transform it into their dream home.
The principal bedroom features an en-suite shower room and a dressing room, providing added convenience and appeal.
The property also benefits from a large 80-foot rear garden, ideal for outdoor living. It’s conveniently located near the popular Akiva and St Theresa’s primary schools and the picturesque open spaces of Stephen’s House.

The Owners Love
"Blank Canvas for someone to buy their first home"
"0.5 Miles from Finchley Central Station"
"Amazing for local schools"

We've Noticed
Great location for local schools such as Akiva and St Theresa.
0.5 Miles from Finchley Central Station.
Great potential to make your dream home.

Agent Details

Martyn Gerrard, Finchley

020 3872 3468

Next Steps?

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