2 Bed Terraced House, Planning Permission, Enfield, EN3 5QN, £395,000

Roedean Avenue, Enfield, EN3 5QN - 6 months ago

Under Offer

Planning

ROI: 2%

~68 m²

+17 photos

ValuationOvervalued

Sold Prices	£170K - £775K
Sold Prices/m²	£3.4K/m² - £8.1K/m²

Square Metres	~68.11 m²
Price/m²	£5.8K/m²
Value Estimate	£377,230£377,230

End Value (After Refurb)	£378,500£378,500

Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (25%)	£98,750£98,750
Stamp Duty & Legal Fees	£20,300£20,300
Refurb Costs	£36,033£36,033
Bridging Loan Interest	£10,369£10,369
Total Cash In	£167,202£167,202

Cash Out
Monetisation	FlipRefinance & RentRefinance & Rent
Revaluation	£378,500£378,500
Mortgage (After Refinance)	£283,875£283,875
Mortgage LTV	75%75%
Cash Left In	£167,202£167,202
Equity	£94,625£94,625
Rent Range	£1,400 - £4,000£1,400 - £4,000
Rent Estimate	£1,766
Running Costs/mo	£1,556£1,556
Cashflow/mo	£210£210
Cashflow/yr	£2,520£2,520
ROI	2%2%
Gross Yield	5%5%

Local Sold Prices

42 sold prices from £170K to £775K, average is £373.8K. £3.4K/m² to £8.1K/m², average is £5.5K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£375K	07/21	0.01 mi	114, Roedean Avenue, Enfield, Greater London EN3 5QN	-	-	2	Terraced House
£311K	05/21	0.23 mi	29a, The Loning, Enfield, Greater London EN3 5RG	£6,098	51	2	Terraced House
£382K	06/21	0.26 mi	82, Stoneleigh Avenue, Enfield, Greater London EN1 4HG	£6,262	61	2	Terraced House
£445K	06/23	0.31 mi	121, Pembroke Avenue, Enfield, Greater London EN1 4EZ	£6,268	71	2	Terraced House
£370K	02/23	0.43 mi	91, Winnington Road, Enfield, Greater London EN3 5RL	£6,500	57	2	Terraced House
£352K	03/23	0.44 mi	124, The Sunny Road, Enfield, Greater London EN3 5EQ	£6,013	59	2	Terraced House
£350K	11/22	0.47 mi	37, The Sunny Road, Enfield, Greater London EN3 5EF	£6,729	52	2	Terraced House
£370K	12/20	0.48 mi	21, Turkey Street, Enfield, Greater London EN3 5TT	£6,167	60	2	Semi-Detached House
£390K	04/23	0.48 mi	23a, Ashford Crescent, Enfield, Greater London EN3 7HU	£6,417	61	2	Terraced House
£340K	05/23	0.49 mi	68, Turkey Street, Enfield, Greater London EN3 5TN	£7,727	44	2	Terraced House
£380K	06/23	0.51 mi	60, Greenwood Avenue, Enfield, Greater London EN3 5DU	£8,085	47	2	Terraced House
£370K	11/21	0.51 mi	58, Greenwood Avenue, Enfield, Greater London EN3 5DU	£6,344	58	2	Terraced House
£377.2K	09/21	0.52 mi	85, Greenwood Avenue, Enfield, Greater London EN3 5DX	£4,899	77	2	Terraced House
£340K	02/21	0.52 mi	91, Tynemouth Drive, Enfield, Greater London EN1 4LP	£5,000	68	2	Terraced House
£380K	03/21	0.52 mi	109, Tynemouth Drive, Enfield, Greater London EN1 4LP	£5,124	74	2	Terraced House
£330K	06/23	0.54 mi	66, Central Avenue, Enfield, Greater London EN1 3QF	£3,367	98	2	Terraced House
£420K	10/22	0.55 mi	88, Turkey Street, Enfield, Greater London EN1 4PT	£5,691	74	2	Semi-Detached House
£170K	03/21	0.59 mi	9, Saville Row, Enfield, Greater London EN3 7LD	-	-	2	Terraced House
£361K	08/21	0.59 mi	60, Pentrich Avenue, Enfield, Greater London EN1 4NA	-	-	2	Terraced House
£450K	05/21	0.6 mi	2a, Westmoor Road, Enfield, Greater London EN3 7LE	£4,639	97	2	Detached House
£408K	01/23	0.62 mi	83, Severn Drive, Enfield, Greater London EN1 4LY	-	-	2	Semi-Detached House
£346K	06/21	0.62 mi	3, Titchfield Road, Enfield, Greater London EN3 6AZ	-	-	2	Terraced House
£368K	06/21	0.64 mi	103, Worcesters Avenue, Enfield, Greater London EN1 4ND	£5,333	69	2	Terraced House
£380K	04/23	0.65 mi	71, Catisfield Road, Enfield, Greater London EN3 6BB	-	-	2	Terraced House
£393.5K	07/23	0.66 mi	63, Burncroft Avenue, Enfield, Greater London EN3 7JQ	£4,142	95	2	Terraced House
£425K	04/21	0.66 mi	20, Bressey Avenue, Enfield, Greater London EN1 4UU	-	-	2	Terraced House
£340K	03/21	0.74 mi	83, Totteridge Road, Enfield, Greater London EN3 6NG	£4,359	78	2	Terraced House
£360K	05/21	0.75 mi	46, Goldsdown Road, Enfield, Greater London EN3 7QZ	£5,538	65	2	Terraced House
£313K	11/20	0.78 mi	95, Bradley Road, Enfield, Greater London EN3 6ET	-	-	2	Semi-Detached House
£315K	11/20	0.78 mi	87, Bradley Road, Enfield, Greater London EN3 6ET	£5,250	60	2	Terraced House
£425K	05/23	0.8 mi	20, Putney Road, Enfield, Greater London EN3 6NN	£4,775	89	2	Terraced House
£400K	01/21	0.8 mi	20, Putney Road, Enfield, Greater London EN3 6NN	£4,494	89	2	Terraced House
£372K	06/21	0.81 mi	47, Allandale Road, Enfield, Greater London EN3 6SA	-	-	2	Terraced House
£380K	06/21	0.81 mi	111, Goat Lane, Enfield, Greater London EN1 4UD	£5,067	75	2	Terraced House
£360K	05/21	0.82 mi	30, Manly Dixon Drive, Enfield, Greater London EN3 6BQ	£4,865	74	2	Semi-Detached House
£372.5K	01/21	0.83 mi	119, Mahon Close, Enfield, Greater London EN1 4DL	£6,652	56	2	Terraced House
£775K	11/20	0.92 mi	Elsynge Cottage, Forty Hill, Enfield, Greater London EN2 9EU	-	-	2	Semi-Detached House
£430K	06/21	0.94 mi	38, Russell Road, Enfield, Greater London EN1 4TW	£7,131	60	2	Semi-Detached House
£375K	06/21	0.94 mi	69, Russell Road, Enfield, Greater London EN1 4TW	£6,148	61	2	Terraced House
£430K	11/22	0.95 mi	5, Chestnut Road, Enfield, Greater London EN3 6SX	£4,831	89	2	Semi-Detached House
£390K	11/22	0.96 mi	11, Hornbeams Avenue, Enfield, Greater London EN1 4RA	£5,270	74	2	Semi-Detached House
£348.5K	05/21	0.97 mi	51, Holly Road, Enfield, Greater London EN3 6QA	-	-	2	Terraced House

Local Rents

50 rents from £1.4K/mo to £4K/mo, average is £1.7K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,600	04/24	0.06 mi	Hertford Road, Enfield	2	Flat
£1,900	04/24	0.13 mi	Hoe Lane, Enfield, London, EN3	2	Terraced House
£1,600	03/24	0.14 mi	Hoecroft Court, Hoe Lane, Enfield	2	Flat
£1,600	04/25	0.15 mi	-	2	Flat
£1,600	03/24	0.17 mi	Stainton Road, Enfield, EN3	2	Flat
£1,400	04/24	0.18 mi	-	2	Flat
£1,400	04/24	0.19 mi	463-465 Hertford Road, Enfield, Greater London, EN3	2	Flat
£1,650	05/24	0.24 mi	-	2	Flat
£1,650	04/25	0.24 mi	-	2	Flat
£1,500	11/24	0.31 mi	-	2	Flat
£2,000	12/24	0.33 mi	-	2	Terraced House
£1,500	04/24	0.37 mi	Sherbourne Avenue, Enfield	2	Flat
£1,500	05/24	0.37 mi	Sherbourne Avenue, Enfield	2	Flat
£1,750	04/25	0.38 mi	-	2	Flat
£1,500	02/24	0.41 mi	-	2	Flat
£1,500	04/24	0.42 mi	Bridge Close, Enfield, Middlesex, EN1	2	Flat
£1,600	04/24	0.42 mi	Addison Road, Enfield, EN3	2	Flat
£1,650	03/24	0.44 mi	Glenloch Road, Enfield, Middlesex, EN3	2	Flat
£1,700	03/24	0.44 mi	The Sunny Road, Enfield, EN3	2	Terraced House
£2,100	12/24	0.44 mi	-	2	Flat
£1,800	05/24	0.45 mi	-	2	Semi-Detached House
£1,800	02/25	0.45 mi	-	2	Flat
£1,700	01/25	0.45 mi	-	2	Flat
£1,900	01/25	0.45 mi	-	2	Flat
£1,700	02/25	0.45 mi	-	2	Flat
£1,700	03/25	0.45 mi	-	2	Flat
£1,800	03/25	0.45 mi	-	2	Flat
£1,500	03/25	0.45 mi	-	2	Flat
£1,500	03/25	0.45 mi	-	2	Flat
£1,600	02/25	0.45 mi	-	2	Flat
£1,850	02/25	0.46 mi	-	2	Flat
£1,800	05/24	0.47 mi	-	2	Flat
£1,750	02/25	0.48 mi	-	2	Flat
£1,900	01/25	0.48 mi	-	2	Flat
£1,850	04/25	0.49 mi	-	2	Semi-Detached House
£1,470	03/24	0.49 mi	-	2	Flat
£1,800	02/25	0.5 mi	-	2	Flat
£2,750	11/24	0.51 mi	-	2	Flat
£1,750	11/24	0.52 mi	-	2	Flat
£1,650	04/24	0.52 mi	Bowood Road, Enfield, EN3	2	Flat
£4,000	05/24	0.53 mi	-	2	Flat
£1,750	04/25	0.53 mi	-	2	Flat
£1,900	02/25	0.54 mi	-	2	Flat
£1,600	04/24	0.54 mi	Beaconsfield Road, Enfield	2	Flat
£1,850	11/24	0.54 mi	-	2	Flat
£1,700	02/25	0.55 mi	-	2	Flat
£1,800	05/24	0.56 mi	-	2	Flat
£1,850	12/24	0.56 mi	-	2	Flat
£1,600	04/24	0.56 mi	Green Street	2	Flat
£2,000	03/25	0.59 mi	-	2	Terraced House

Local Area Statistics

Population in EN3	55,68755,687
Population in Enfield	130,248130,248
Town centre distance	2.46 miles away2.46 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	0.54 miles away0.54 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+5%+5%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+20%+20%

Property History

Price changed to £395,000

November 12, 2024

Listed for £400,000

October 19, 2024

Floor Plans

Description

2 Double bedrooms +
Spacious open plan living room +
Fitted Kitchen +
1st floor family bathroom +
Conservatory/utility +
Front off street parking for 2 cars +
Double glazing and gas central heating +
Excellent potential for rear extension (subject to planning permission) +
Lovely 90' rear garden +
Ideal 1st time purchase +

A well presented two double bedroom mid terraced house located in a cul de sac close to The Hertford Road in Enfield Highway witin easy reach of amenities, local schools and approx 1m of Brimsdown Train Station ( serving London Liverpool St ). The property would suit a 1st time buyer and viewing is highly recommended. Features include spacious open plan living room, 1st floor family bathroom, fitted kitchen, conservatory/utility, front off street parking for 2 cars, double glazing, gas central heating, excellent potential for rear extension (subject to planning permission) and lovely 90' rear garden.

Agent Details

Castles Estate Agents, Enfield

020 3835 6089

Next Steps?

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

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