2 Bed Flat, Single Let, London, N22 5SB, £315,000

12 Acacia Road, London, Greater London, N22 5SB - 7 views - 6 months ago

Under Offer

Leasehold

BTL

ROI: 4%

61 m²

ValuationUndervalued

Sold Prices	£220K - £514K
Sold Prices/m²	£4.1K/m² - £8.8K/m²

Square Metres	61 m²
Price/m²	£5.2K/m²
Value Estimate	£378,000£378,000
BMV	20%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£78,750£78,750
Stamp Duty & Legal Fees	£13,900£13,900
Total Cash In	£92,650£92,650

Cash Out
Rent Range	£1,213 - £2,200£1,213 - £2,200
Rent Estimate	£1,631
Running Costs/mo	£1,331£1,331
Cashflow/mo	£300£300
Cashflow/yr	£3,605£3,605
ROI	4%4%
Gross Yield	6%6%

Local Sold Prices

50 sold prices from £220K to £514K, average is £417.3K. £4.1K/m² to £8.8K/m², average is £6.5K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£442K	08/24	0.19 mi	541, Lordship Lane, London, Greater London N22 5DN	£8,840	50	2	Flat
£390K	10/20	0.22 mi	9, Granville Road, Wood Green, London, Greater London N22 5LP	£5,652	69	2	Flat
£390K	02/21	0.22 mi	45, Granville Road, Wood Green, London, Greater London N22 5LP	-	-	2	Flat
£375K	06/21	0.24 mi	60, Granville Road, Wood Green, London, Greater London N22 5LY	£6,148	61	2	Flat
£360K	06/21	0.28 mi	Flat 2, Greenwood House, Pellatt Grove, London, Greater London N22 5PJ	-	-	2	Flat
£260K	11/21	0.28 mi	179, Gladstone Avenue, Wood Green, London, Greater London N22 6LB	-	-	2	Flat
£360K	03/23	0.28 mi	Flat 3, Greenwood House, Pellatt Grove, London, Greater London N22 5PJ	-	-	2	Flat
£440K	11/22	0.28 mi	20, Cranbrook Park, London, Greater London N22 5NA	£7,664	57	2	Flat
£385K	10/21	0.29 mi	698, Lordship Lane, London, Greater London N22 5JN	-	-	2	Flat
£487K	01/21	0.29 mi	694, Lordship Lane, London, Greater London N22 5JN	£6,325	77	2	Flat
£450K	09/23	0.3 mi	6, Pellatt Grove, London, Greater London N22 5PL	£5,648	80	2	Flat
£388K	11/20	0.3 mi	11b, Stuart Crescent, London, Greater London N22 5NJ	£5,243	74	2	Flat
£426K	10/23	0.31 mi	91, Granville Road, Wood Green, London, Greater London N22 5LR	£8,285	51	2	Flat
£305K	05/21	0.38 mi	Flat 15, Rayleigh Court, New Road, Wood Green, London, Greater London N22 5EU	-	-	2	Flat
£410K	11/20	0.38 mi	88, Woodside Road, London, Greater London N22 5HT	£7,321	56	2	Flat
£220K	04/24	0.38 mi	32c, Woodside Road, London, Greater London N22 5HT	-	-	2	Flat
£443K	08/21	0.42 mi	67, Sylvan Avenue, London, Greater London N22 5JA	£4,713	94	2	Flat
£470K	06/21	0.43 mi	25, Boreham Road, London, Greater London N22 6SL	-	-	2	Flat
£380K	08/23	0.45 mi	26, Leverton Close, London, Greater London N22 7BT	£5,846	65	2	Flat
£495K	02/21	0.45 mi	24a, Woodside Road, London, Greater London N22 5HU	£7,071	70	2	Flat
£480K	10/23	0.45 mi	4a, Woodside Road, London, Greater London N22 5HU	£6,761	71	2	Flat
£425K	05/23	0.46 mi	Ground Floor Flat, 195, Westbury Avenue, London, Greater London N22 6RX	£7,456	57	2	Flat
£360K	06/21	0.46 mi	152, Maryland Road, London, Greater London N22 5AP	£6,429	56	2	Flat
£495K	05/21	0.48 mi	135, Westbury Avenue, London, Greater London N22 6RY	£5,440	91	2	Flat
£514K	11/20	0.48 mi	127, Westbury Avenue, London, Greater London N22 6RY	£6,047	85	2	Flat
£445K	06/24	0.48 mi	109a, Westbury Avenue, London, Greater London N22 6RY	£7,177	62	2	Flat
£346K	11/22	0.49 mi	Flat 17, Mohr Court, Nightingale Road, London, Greater London N22 8PX	-	-	2	Flat
£495K	06/21	0.49 mi	74, Willingdon Road, London, Greater London N22 6SD	£5,690	87	2	Flat
£470K	04/21	0.49 mi	76, Willingdon Road, London, Greater London N22 6SD	-	-	2	Flat
£439.9K	12/20	0.49 mi	1, Bury Road, London, Greater London N22 6HX	£6,284	70	2	Flat
£470K	12/20	0.5 mi	10a, Willingdon Road, London, Greater London N22 6SB	-	-	2	Flat
£390K	04/23	0.5 mi	6b, Willingdon Road, London, Greater London N22 6SB	-	-	2	Flat
£371.8K	12/20	0.5 mi	First Floor Flat B, 11, Arcadian Gardens, London, Greater London N22 5AA	-	-	2	Flat
£340K	07/21	0.5 mi	78, The Roundway, London, Greater London N17 7HH	£6,071	56	2	Flat
£452K	11/21	0.5 mi	51, Bounds Green Road, London, Greater London N22 8HB	-	-	2	Flat
£418K	06/21	0.51 mi	222, Lyndhurst Road, London, Greater London N22 5AU	£7,085	59	2	Flat
£450K	01/23	0.51 mi	174, Lyndhurst Road, London, Greater London N22 5AU	£6,865	66	2	Flat
£416.5K	03/21	0.51 mi	Ground Floor Maisonette, 142, Lyndhurst Road, London, Greater London N22 5AU	-	-	2	Flat
£315K	06/21	0.51 mi	49c, Parkland Road, London, Greater London N22 6SU	-	-	2	Flat
£435K	02/21	0.51 mi	25a, Parkland Road, London, Greater London N22 6SU	£6,493	67	2	Flat
£319K	05/21	0.52 mi	134, Westbury Avenue, London, Greater London N22 6RT	-	-	2	Flat
£318K	08/21	0.53 mi	3, Topham Square, London, Greater London N17 7HL	£5,129	62	2	Flat
£335K	06/21	0.53 mi	13, Topham Square, London, Greater London N17 7HL	£4,085	82	2	Flat
£405K	01/21	0.54 mi	155, Lyndhurst Road, London, Greater London N22 5AY	£8,100	50	2	Flat
£438.8K	10/21	0.54 mi	First Floor Flat, 2, Hampshire Road, London, Greater London N22 8LR	£7,977	55	2	Flat
£394K	04/23	0.54 mi	16b, Tower Terrace, London, Greater London N22 6SX	-	-	2	Flat
£440K	05/21	0.55 mi	Flat A, 10, Tower Terrace, London, Greater London N22 6SX	£7,333	60	2	Flat
£470K	01/23	0.55 mi	120, Lyndhurst Road, London, Greater London N22 5AT	£6,963	68	2	Flat
£465K	12/20	0.55 mi	45, Sirdar Road, London, Greater London N22 6QS	£7,500	62	2	Flat
£395K	04/21	0.55 mi	138e, Mayes Road, London, Greater London N22 6SY	-	-	2	Flat

Local Rents

50 rents from £1.2K/mo to £2.2K/mo, average is £1.9K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,900	06/24	0.04 mi	Dunbar Road, London, N22	2	Flat
£2,000	02/24	0.11 mi	Crown Close, Winkfield Road, London, N22	2	Flat
£1,750	06/24	0.12 mi	Lordship Lane, Wood Green, N22	2	Flat
£1,850	07/24	0.12 mi	Lordship Lane, Wood Green, N22	2	Flat
£1,750	05/24	0.12 mi	Lordship Lane, Wood Green, N22	2	Flat
£1,850	12/24	0.13 mi	-	2	Flat
£2,150	03/25	0.16 mi	-	2	Flat
£1,950	03/25	0.16 mi	-	2	Flat
£2,200	01/25	0.16 mi	-	2	Flat
£1,900	03/25	0.16 mi	-	2	Flat
£1,800	04/25	0.17 mi	-	2	Flat
£1,950	02/25	0.18 mi	-	2	Flat
£1,900	06/24	0.18 mi	Moselle Avenue, London, N22	2	Terraced House
£1,900	04/25	0.19 mi	-	2	Terraced House
£1,900	06/24	0.2 mi	-	2	Terraced House
£1,950	06/24	0.2 mi	Moselle Ave, London, N22	2	Terraced House
£1,900	06/24	0.2 mi	Moselle Ave, London, N22	2	Terraced House
£1,700	06/24	0.2 mi	Moselle Avenue, Wood Green N22	2	Terraced House
£1,213	05/24	0.2 mi	Pickering Court, N22	2	Flat
£1,895	02/25	0.21 mi	-	2	Terraced House
£1,850	05/24	0.21 mi	Williams Grove, Wood Green, London, N22	2	Flat
£2,000	04/25	0.21 mi	-	2	Flat
£1,950	07/24	0.21 mi	Morley Avenue, Noel Park, London, N22	2	Terraced House
£1,900	07/24	0.22 mi	Moselle Avenue, N22	2	House
£1,700	12/24	0.23 mi	-	2	Flat
£2,200	01/25	0.24 mi	-	2	Semi-Detached House
£2,000	05/24	0.26 mi	Farrant Avenue, London, N22	2	Terraced House
£1,995	07/24	0.26 mi	Darwin Road, London	2	House
£1,650	07/24	0.26 mi	Ewart Grove,Wood Green N22	2	Flat
£2,100	03/25	0.27 mi	-	2	Terraced House
£2,100	03/25	0.27 mi	-	2	Terraced House
£1,825	07/24	0.28 mi	-	2	Flat
£1,700	04/25	0.28 mi	-	2	Flat
£2,200	02/25	0.29 mi	-	2	Flat
£2,200	04/25	0.29 mi	-	2	Flat
£2,000	06/24	0.29 mi	-	2	Terraced House
£1,950	01/25	0.3 mi	-	2	Flat
£1,950	01/25	0.3 mi	-	2	Flat
£2,100	04/25	0.31 mi	-	2	Flat
£2,100	02/24	0.31 mi	-	2	Flat
£1,600	06/24	0.31 mi	Granville Road, London, N22	2	Flat
£1,800	12/24	0.31 mi	-	2	Flat
£1,800	03/25	0.31 mi	-	2	Flat
£1,700	05/24	0.32 mi	-	2	House
£1,650	05/24	0.33 mi	-	2	Flat
£1,670	02/25	0.33 mi	-	2	Flat
£1,650	04/25	0.33 mi	-	2	Flat
£1,650	04/25	0.33 mi	-	2	Flat
£1,650	05/24	0.33 mi	Newnham Road, London, N22	2	Flat
£1,725	07/24	0.34 mi	Ellenborough Road, London, N22	2	Flat

Local Area Statistics

Population in N22	42,99642,996
Population in London	4,771,9214,771,921
Town centre distance	5.01 miles away5.01 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.38 miles away0.38 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 £315,000

October 17, 2024

Sold for £185,000

2011

Sold for £88,000

2001

Description

Ground floor flat +
Own entrance door +
Two double bedrooms +
Separate kitchen separate Reception +
82 Years Lease +
Walking distance to Wood Green Station +
Located near local amenities +
Chain Free +
Call Knights to book your viewing +

Rest or Invest. Lease remaining 84 Years. Knights Residential are delighted to offer for sale this Two bedroom Ground floor flat located within walking distance to Wood Green Station. Ideal for a first time buyer or buy to let investor. Benefits include a separate reception room, Gas Central Heating, Double Glazed Windows and benefits from its own entrance door. Please call Knights to book your viewing.

Communal Gardens

The property is conveniently located Wood Green underground station (Piccadilly line, zone 3) and various bus routes. The vibrant High Street shopping area is a short walk away, as are numerous parks and leisure facilities, making this an excellent purchase for young professionals / families.

There are cinemas, gyms and tennis courts just moments from your front door and some great food and drink venues in Wood Green High Street , The Westbury Pub which is a firm favourite with many of the local residents is close by on Westbury Avenue. Within a mile or so of the Flat you will be able to enjoy the many independent restaurants and coffee shops of Green Lanes Harringay while Alexandra Palace and Crouch End are also within easy reach.

Our vendor has informed us of the following information.

Tenure. Leasehold
Lease. 84 Years
Service Charges 185 per Month
Ground Rent. 10 per annum
Building insurance. Included in service Charges
EPC Rating. C
Council Tax Band.

Agent Details

Knights Residential, London

020 3889 9185

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, N22 5SB, £315,000

ValuationUndervalued

CashflowsOpen in Analyser

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Local RentsDownload Show map

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Local Area Statistics

Property History

Description

Agent Details

Next Steps?

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Cashflows

Local Sold Prices

Local Rents