2 Bed Flat, Single Let, London, N13 4TG £400,000

Kelvin Avenue, Palmers Green, London, N13 4TG - 14 views - a year ago

Sold STC

Leasehold

BTL

~75 m²

ValuationUndervalued

Sold Prices	£174K - £600K
Sold Prices/m²	£2.2K/m² - £10.5K/m²

Square Metres	~75.44 m²
Price/m²	£5.3K/m²
Value Estimate	£500,000£500,000
BMV	25%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£100,000£100,000
Stamp Duty & Legal Fees	£28,700£28,700
Total Cash In	£128,700£128,700

Cash Out
Rent Range	£1,450 - £2,500£1,450 - £2,500
Rent Estimate	£1,575
Running Costs/mo	£1,585£1,585
Cashflow/mo	£-10£-10
Cashflow/yr	£-120£-120
Gross Yield	5%5%

Local Sold Prices

50 sold prices from £174K to £600K, average is £417.5K. £2.2K/m² to £10.5K/m², average is £6.4K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£375K	03/25	0 mi	54a, Kelvin Avenue, London N13 4TG	£4,747	79	2	Flat
£375K	03/25	0 mi	54a, Kelvin Avenue, London N13 4TG	-	-	2	Flat
£400K	05/25	0 mi	56a, Kelvin Avenue, Southgate N13 4TG	£6,154	65	2	Flat
£400K	05/25	0 mi	56a, Kelvin Avenue, Southgate N13 4TG	-	-	2	Flat
£400K	01/25	0.04 mi	37, Ground Floor Flat, Kelvin Avenue, London, Greater London N13 4TH	£5,853	68	2	Flat
£520K	11/24	0.04 mi	67, Kelvin Avenue, London N13 4TH	£8,125	64	2	Flat
£230K	09/23	0.15 mi	28c, Lascotts Road, London, Greater London N22 8JN	-	-	2	Flat
£403K	06/21	0.15 mi	Flat A, 12, Lascotts Road, London, Greater London N22 8JN	£7,750	52	2	Flat
£345K	06/21	0.16 mi	231a, Whittington Road, London, Greater London N22 8YW	£5,000	69	2	Flat
£520K	12/22	0.19 mi	112d, Marlborough Road, London, Greater London N22 8NN	-	-	2	Flat
£475K	02/24	0.19 mi	92, Palmerston Crescent, London, Greater London N13 4NH	£6,507	73	2	Flat
£370K	02/25	0.21 mi	22a, Elmdale Road, London, Greater London N13 4UL	£5,692	65	2	Flat
£420K	07/23	0.21 mi	22, Elmdale Road, London, Greater London N13 4UL	£6,320	66	2	Flat
£370K	02/25	0.22 mi	16, Elmdale Road, London N13 4UL	-	-	2	Flat
£370K	06/21	0.22 mi	2a, Parkhurst Road, London, Greater London N22 8JQ	-	-	2	Flat
£505K	02/25	0.22 mi	90, Flat A, Marlborough Road, Wood Green, London N22 8NN	-	-	2	Flat
£468K	03/25	0.23 mi	16, Lyndhurst Road, Wood Green, London N22 5AT	£7,200	65	2	Flat
£480K	06/21	0.23 mi	116d, Marlborough Road, London, Greater London N22 8NN	-	-	2	Flat
£375K	06/21	0.23 mi	13a, Cheshire Road, London, Greater London N22 8JJ	-	-	2	Flat
£330K	11/24	0.24 mi	90 Bridgewater House, Flat 19, Green Lanes, London N13 5UP	£4,400	75	2	Flat
£385K	04/23	0.25 mi	141a, Whittington Road, London, Greater London N22 8YP	£5,658	68	2	Flat
£375K	11/23	0.25 mi	93a, Bowes Road, London, Greater London N13 4RU	£4,464	84	2	Flat
£470K	01/23	0.26 mi	120, Lyndhurst Road, London, Greater London N22 5AT	£6,963	68	2	Flat
£435K	07/23	0.26 mi	99, Lyndhurst Road, London, Greater London N22 5AX	£8,056	54	2	Flat
£435K	01/23	0.28 mi	13, Beech Road, London, Greater London N11 2DA	£7,632	57	2	Flat
£500K	06/21	0.29 mi	4a, Elvendon Road, London, Greater London N13 4SJ	-	-	2	Flat
£522.2K	10/23	0.29 mi	48a, Elvendon Road, London, Greater London N13 4SJ	-	-	2	Flat
£437.5K	01/23	0.3 mi	34b, Palmerston Crescent, London, Greater London N13 4UA	-	-	2	Flat
£443K	06/23	0.3 mi	67, Marlborough Road, London, Greater London N22 8NJ	£6,712	66	2	Flat
£380K	12/24	0.3 mi	110, Lyndhurst Road, Wood Green, London N22 5AT	£5,758	66	2	Flat
£340K	05/23	0.33 mi	9, Davey Close, London, Greater London N13 4EX	£5,574	61	2	Flat
£340K	11/23	0.33 mi	12, Davey Close, London N13 4EX	£5,397	63	2	Flat
£438.8K	10/21	0.33 mi	First Floor Flat, 2, Hampshire Road, London, Greater London N22 8LR	£7,977	55	2	Flat
£525K	06/25	0.33 mi	Flat A, 41, Palmerston Road, Wood Green, London N22 8QH	£10,500	50	2	Flat
£525K	06/25	0.33 mi	Flat A, 41, Palmerston Road, Wood Green, London N22 8QH	-	-	2	Flat
£461K	06/25	0.34 mi	141, Lyndhurst Road, Wood Green, London N22 5AY	-	-	2	Flat
£330K	02/25	0.34 mi	51, Arcadian Gardens, Wood Green, London N22 5AG	£2,157	153	2	Flat
£174K	08/25	0.34 mi	Flat 9, Palm Court, Shapland Way, Southgate N13 4DF	-	-	2	Flat
£405K	01/24	0.34 mi	35, Hardwicke Road, London N13 4SL	£6,429	63	2	Flat
£210K	12/22	0.34 mi	5, Westbury Road, London, Greater London N11 2DB	£3,333	63	2	Flat
£285K	03/23	0.35 mi	21b, Hardwicke Road, London, Greater London N13 4SL	-	-	2	Flat
£397K	01/23	0.35 mi	29a, Hardwicke Road, London, Greater London N13 4SL	£6,360	62	2	Flat
£440K	12/24	0.35 mi	180, Lyndhurst Road, Wood Green, London N22 5AU	£7,857	56	2	Flat
£418K	06/21	0.36 mi	222, Lyndhurst Road, London, Greater London N22 5AU	£7,085	59	2	Flat
£450K	01/23	0.36 mi	174, Lyndhurst Road, London, Greater London N22 5AU	£6,865	66	2	Flat
£480K	10/23	0.36 mi	4a, Woodside Road, London, Greater London N22 5HU	£6,761	71	2	Flat
£422K	03/23	0.37 mi	42, Hardwicke Road, London, Greater London N13 4SG	£6,918	61	2	Flat
£446K	10/22	0.37 mi	38a, Hardwicke Road, London, Greater London N13 4SG	-	-	2	Flat
£600K	03/25	0.37 mi	Flat A, 22, Woodside Road, Wood Green, London N22 5HU	-	-	2	Flat
£417K	02/23	0.37 mi	7a, Sidney Road, London, Greater London N22 8LT	-	-	2	Flat

Local Rents

50 rents from £1.4K/mo to £2.5K/mo, average is £1.8K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,500	05/24	0.04 mi	Kelvin Avenue, London, N13	2	Flat
£1,550	09/25	0.04 mi	Kelvin Avenue, London, N13	2	Flat
£1,700	09/25	0.06 mi	Belsize Avenue, London, N13	2	Flat
£2,500	06/25	0.06 mi	Belsize Avenue, London	2	Flat
£1,500	03/25	0.06 mi	-	2	Flat
£1,500	06/25	0.09 mi	Sidney Avenue, London	2	Flat
£1,650	05/24	0.09 mi	-	2	House
£1,650	05/24	0.09 mi	Palmers Green, London, N13	2	Flat
£1,650	11/25	0.09 mi	-	2	Flat
£2,100	07/24	0.11 mi	Palmerston Road, N22, Bowes Park, London, N22	2	Flat
£2,200	09/25	0.11 mi	Palmerston Road, N22, Bowes Park, London, N22	2	Flat
£1,700	07/25	0.11 mi	Collings Close, Bounds Green N22	2	Flat
£1,650	08/25	0.11 mi	Collings Close, Bounds Green N22	2	Flat
£2,150	11/25	0.11 mi	Spencer Avenue, Palmers Green, N13	2	Flat
£1,600	11/25	0.12 mi	A Green Lanes, Palmers Green, London, N13	2	Flat
£1,850	09/25	0.12 mi	-	2	Flat
£1,800	10/25	0.13 mi	Green Lanes, London, N13	2	Detached House
£2,000	01/25	0.13 mi	-	2	Terraced House
£2,200	11/25	0.13 mi	-	2	Terraced House
£1,795	05/25	0.13 mi	-	2	Flat
£1,750	10/25	0.14 mi	Palmerston Road, London, N22	2	Flat
£1,750	10/25	0.14 mi	Palmerston Road, London, N22	2	Flat
£1,795	06/25	0.15 mi	Palmerston Road, Wood Green, London	2	Flat
£1,750	10/25	0.15 mi	Palmerston Road, Bounds Green, London	2	Flat
£1,500	11/25	0.15 mi	Lascotts Road, N22	2	Flat
£1,900	09/25	0.15 mi	Lascotts Road, Wood Green	2	Flat
£1,750	05/24	0.15 mi	-	2	House
£1,450	05/24	0.16 mi	Lascotts Road, Wood Green, N22 8JN	2	Flat
£1,750	10/25	0.16 mi	Green Lanes, Winchmore Hill, N21	2	Flat
£1,800	08/25	0.16 mi	Whittington Road, London N22	2	Flat
£1,800	09/25	0.16 mi	Whittington Road, London N22	2	Flat
£2,100	11/25	0.17 mi	Palmerston Road, Bounds Green, London	2	Flat
£1,700	11/25	0.17 mi	Green Lanes, Palmers Green	2	Flat
£1,750	06/24	0.17 mi	Lascotts Road ,Wood Green, London, N22	2	Flat
£1,750	06/24	0.17 mi	Lascotts Road ,Wood Green, London, N22	2	Flat
£1,800	06/24	0.18 mi	-	2	Flat
£1,625	05/24	0.19 mi	Whittington Road, Bowes Park, N22 8YL	2	Flat
£2,000	06/25	0.19 mi	-	2	Terraced House
£2,000	06/25	0.19 mi	Princes Avenue, London, N13	2	Terraced House
£1,795	09/25	0.21 mi	-	2	Flat
£1,550	12/24	0.22 mi	-	2	Flat
£2,200	07/25	0.22 mi	Natalie Mews, Marlborough Road, N22 8NL	2	Terraced House
£2,200	08/25	0.22 mi	Natalie Mews, Marlborough Road, N22 8NL	2	Terraced House
£2,000	08/25	0.22 mi	Natalie Mews, London, N22	2	Terraced House
£2,000	09/25	0.22 mi	Natalie Mews, London, N22	2	Terraced House
£2,000	09/25	0.22 mi	Natalie Mews, London, N22	2	Terraced House
£1,950	10/25	0.22 mi	Natalie Mews, London, N22	2	Terraced House
£1,950	10/25	0.22 mi	Natalie Mews, London, N22	2	Terraced House
£1,950	11/25	0.22 mi	-	2	Terraced House
£1,750	11/25	0.22 mi	Whittington Road, Bowes Park, London, N22	2	Flat

Local Area Statistics

Population in N13	31,68131,681
Population in London	4,771,9214,771,921
Town centre distance	5.70 miles away5.70 miles away
Nearest school	0.30 miles away0.30 miles away
Nearest train station	0.40 miles away0.40 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	-4%-4%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+14%+14%

Property History

Listed for £400,000

October 25, 2024

Floor Plans

Description

We are delighted to offer for sale this two bedroom first floor conversion flat, a short walk of Green Lanes and in the opposite direction, Bowes Park with its popular shopping facilities and Network Railway station.

Opening into a long entrance hallway, leading to a 15ft bay fronted reception room with a feature fireplace, a 14ft master bedroom that is a great size, a tiled family bathroom with a shower over the bath and a 11ft square fitted kitchen with space for dining.
A second bedroom also with a bay window completes the interior of the flat.

Sold with an extended lease and viewings are by appointment only.

Agent Details

Anthony Pepe Estate Agents, Palmers Green

020 3897 2950

Next Steps?

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

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