2 Bed Flat, Single Let, Enfield, EN3 6FE, £250,000

Spectrum House, 78 Tysoe Avenue, Enfield, Greater London, EN3 6FE - 5 months ago

Leasehold

BTL

ROI: 5%

~61 m²

+6 photos

ValuationUndervalued

Sold Prices	£193.7K - £341K
Sold Prices/m²	£3.6K/m² - £5.7K/m²

Square Metres	~61.40 m²
Price/m²	£4.1K/m²
Value Estimate	£279,091£279,091
BMV	12%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£62,500£62,500
Stamp Duty & Legal Fees	£13,700£13,700
Total Cash In	£76,200£76,200

Cash Out
Rent Range	£1,400 - £2,150£1,400 - £2,150
Rent Estimate	£1,400
Running Costs/mo	£1,081£1,081
Cashflow/mo	£319£319
Cashflow/yr	£3,825£3,825
ROI	5%5%
Gross Yield	7%7%

Local Sold Prices

33 sold prices from £193.7K to £341K, average is £250K. £3.6K/m² to £5.7K/m², average is £4.5K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£234.5K	03/21	0.18 mi	42, Bridle Close, Enfield, Greater London EN3 6EA	£5,453	43	2	Flat
£234.5K	03/21	0.18 mi	42, Bridle Close, Enfield, Greater London EN3 6EA	£5,453	43	2	Flat
£226K	02/21	0.18 mi	30, Bridle Close, Enfield, Greater London EN3 6EA	£4,809	47	2	Flat
£285K	08/23	0.18 mi	20, Bridle Close, Enfield, Greater London EN3 6EA	£4,524	63	2	Flat
£236K	03/21	0.18 mi	21, Bridle Close, Enfield, Greater London EN3 6EA	£4,000	59	2	Flat
£227.5K	12/20	0.21 mi	60, Bridle Close, Enfield, Greater London EN3 6EB	£4,740	48	2	Flat
£270K	02/21	0.21 mi	65, Bridle Close, Enfield, Greater London EN3 6EB	£3,857	70	2	Flat
£235K	02/23	0.21 mi	64, Bridle Close, Enfield, Greater London EN3 6EB	£3,917	60	2	Flat
£300K	04/23	0.29 mi	40a, Allandale Road, Enfield, Greater London EN3 6SB	-	-	2	Flat
£285K	01/21	0.3 mi	167, Ordnance Road, Enfield, Greater London EN3 6AD	£5,700	50	2	Flat
£250K	03/23	0.31 mi	126b, Ordnance Road, Enfield, Greater London EN3 6BU	£5,000	50	2	Flat
£250K	12/22	0.31 mi	120b, Ordnance Road, Enfield, Greater London EN3 6BU	£4,950	51	2	Flat
£250K	10/20	0.31 mi	113, Cunningham Avenue, Enfield, Greater London EN3 6LA	£4,545	55	2	Flat
£250K	10/20	0.32 mi	113, Cunningham Avenue, Enfield, Greater London EN3 6LA	£4,545	55	2	Flat
£242.5K	04/23	0.41 mi	2c, Putney Road, Enfield, Greater London EN3 6NJ	£4,254	57	2	Flat
£245K	10/21	0.5 mi	34, Shepley Mews, Enfield, Greater London EN3 6JP	£4,949	50	2	Flat
£255K	03/23	0.52 mi	43a, Ordnance Road, Enfield, Greater London EN3 6UT	£3,592	71	2	Flat
£293K	11/22	0.55 mi	5, Aldis Mews, Enfield, Greater London EN3 6YE	£5,327	55	2	Flat
£193.7K	11/20	0.57 mi	3, Polsten Mews, Enfield, Greater London EN3 6YF	£5,098	38	2	Flat
£262K	03/23	0.59 mi	10, Colt Mews, Enfield, Greater London EN3 6YH	£5,347	49	2	Flat
£285K	07/23	0.66 mi	9, Harston Drive, Enfield, Greater London EN3 6GG	£4,071	70	2	Flat
£220K	01/23	0.68 mi	36, Fisher Close, Enfield, Greater London EN3 6WQ	£4,583	48	2	Flat
£341K	05/21	0.79 mi	13a, Turkey Street, Enfield, Greater London EN3 5TT	£4,372	78	2	Flat
£250K	03/21	0.87 mi	66, Foundry Gate, Waltham Cross, Hertfordshire EN8 7HR	£4,098	61	2	Flat
£275K	11/21	0.87 mi	62, Foundry Gate, Waltham Cross, Hertfordshire EN8 7HR	£4,741	58	2	Flat
£255K	01/21	0.87 mi	22, Foundry Gate, Waltham Cross, Hertfordshire EN8 7HR	£4,048	63	2	Flat
£225K	11/20	0.87 mi	Flat 3, Hardingstone Court, Eleanor Way, Waltham Cross, Hertfordshire EN8 7SF	£4,688	48	2	Flat
£230K	03/23	0.87 mi	Flat 21, Hardingstone Court, Eleanor Way, Waltham Cross, Hertfordshire EN8 7SF	-	-	2	Flat
£222K	01/21	0.9 mi	Flat 30, Maple Leaf Court, Cross Road, Waltham Cross, Hertfordshire EN8 7HU	-	-	2	Flat
£222K	05/23	0.91 mi	Flat 6, Westminster Court, Eleanor Way, Waltham Cross, Hertfordshire EN8 7SH	£4,195	53	2	Flat
£275K	11/20	0.93 mi	458, Hertford Road, Enfield, Greater London EN3 5QH	£4,297	64	2	Flat
£275K	03/21	0.95 mi	20, Riley Road, Enfield, Greater London EN3 5QB	-	-	2	Flat
£270K	02/21	0.95 mi	131, Fishers Close, Waltham Cross, Hertfordshire EN8 7NN	£3,750	72	2	Flat

Local Rents

38 rents from £1.4K/mo to £2.1K/mo, average is £1.8K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,600	03/24	0.03 mi	Element House, 74 Tysoe Avenue, Enfield, Greater London, EN3 6FG	2	Flat
£1,800	04/24	0.2 mi	Malvern Road, Enfield Lock, EN3	2	Flat
£1,800	05/24	0.2 mi	-	2	Flat
£1,400	05/24	0.21 mi	-	2	Flat
£1,400	04/24	0.21 mi	-	2	Flat
£2,150	02/25	0.21 mi	-	2	Semi-Detached House
£2,150	02/25	0.21 mi	-	2	Semi-Detached House
£2,150	02/25	0.21 mi	-	2	Semi-Detached House
£2,100	02/25	0.21 mi	-	2	Semi-Detached House
£2,100	03/25	0.21 mi	-	2	Semi-Detached House
£2,100	03/25	0.21 mi	-	2	Semi-Detached House
£1,800	04/24	0.21 mi	Vernon Avenue, Enfield, London, EN3	2	Semi-Detached House
£1,890	12/24	0.26 mi	-	2	Flat
£1,895	12/24	0.26 mi	-	2	Flat
£1,695	11/23	0.29 mi	-	2	Flat
£1,450	02/25	0.29 mi	-	2	Flat
£1,550	02/24	0.29 mi	-	2	Flat
£1,850	02/25	0.3 mi	-	2	Flat
£1,850	01/25	0.3 mi	-	2	Flat
£1,500	05/24	0.31 mi	Velocity Way, Franklin House, EN3	2	Flat
£1,600	03/24	0.31 mi	Cunningham Avenue, Enfield	2	Flat
£1,800	01/25	0.34 mi	-	2	Flat
£1,650	05/24	0.36 mi	Westonia Court, Hertford Road Enfield	2	Flat
£1,995	04/24	0.37 mi	-	2	Flat
£1,900	10/24	0.37 mi	-	2	Flat
£1,900	11/24	0.37 mi	-	2	Flat
£1,500	03/24	0.42 mi	-	2	Flat
£1,950	04/24	0.42 mi	Raynton Road, Enfield, EN3	2	Flat
£1,700	03/24	0.49 mi	King Henrys Mews, Enfield	2	Flat
£1,600	04/24	0.49 mi	Beaconsfield Road, Enfield	2	Flat
£1,850	11/24	0.5 mi	-	2	Flat
£1,500	04/24	0.5 mi	Shepley Mews, Enfield	2	Flat
£1,950	04/24	0.51 mi	-	2	Semi-Detached House
£1,950	03/24	0.51 mi	-	2	Semi-Detached House
£1,600	12/23	0.54 mi	-	2	Flat
£1,600	03/24	0.61 mi	Webley Court, Enfield, EN3	2	Terraced House
£1,500	04/24	0.61 mi	-	2	Flat
£1,600	11/24	0.61 mi	-	2	Flat

Local Area Statistics

Population in EN3	55,68755,687
Population in Enfield	130,248130,248
Town centre distance	3.47 miles away3.47 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	0.25 miles away0.25 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 £250,000

December 19, 2024

Listed for £260,000

October 28, 2024

Floor Plans

Description

Chain Free +
Juliet Balcony +
Allocated Parking +
Walking Distance to Enfield Lock BR Station +
First Floor Flat +
Ideal Investment or First Time Purchase +
Good- Sized Bedrooms +
Easy Reach of Shops, Bus Routes & Amenities +

Christopher Stokes are delighted to offer this Two Bedroom, First Floor Flat situated in Enfield. This Ideal Investment Opportunity or First Time Purchase is being offered on a Chain Free Basis and Benefits a Juliet Balcony, Allocated Parking, Good- Sized Bedrooms and is conveniently situated within Walking Distance to Enfield Lock BR Station, Shops, Bus Routes & Amenities making this the perfect property for those who commute.

Lounge - 3.14m x 5.35m Kitchen - 2.35m x 2.30m Bedroom - 2.63m x 4.75m Bedroom - 2.46m x 4.08m Bathroom - 2.35m x 1.68m

Agent Details

Christopher Stokes, Cheshunt

01992 662165

Next Steps?

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

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