5 Bed Semi-Detached House, Refurb/BRRR, London, N3 2JL, £1,000,000

Lichfield Grove, London, N3 2JL - 4 views - 5 months ago

Sold STC
Refurb/BRRR
~178 m²
+17 photos

ValuationUndervalued

Sold Prices£734K - £2.3M
Sold Prices/m²£4.8K/m² - £13.6K/m²

 

 

Square Metres

~178.28 m²
Price/m²£5.6K/m²

Value Estimate

£1,168,698

 

 

End Value (After Refurb)

£1,209,742

Uplift in Value

+-3%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£250,000

Stamp Duty & Legal Fees

£104,950

Refurb Costs

£94,317

Bridging Loan Interest

£26,250

Total Cash In

£477,267

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£1,209,742

Mortgage (After Refinance)

£907,307

Mortgage LTV

75%

Cash Released

£157,307

Cash Left In

£319,961

Equity

£302,436

Rent Range

£2,000 - £5,000

Rent Estimate

£2,943

Running Costs/mo

£4,389

Cashflow/mo

£-1,446

Cashflow/yr

£-17,353

Gross Yield

4%

Local Sold Prices

50 sold prices from £734K to £2.3M, average is £1.3M. £4.8K/m² to £13.6K/m², average is £7.1K/m².

PriceDateDistanceAddressBeds 
£1.2M01/230.18 mi31, East End Road, London, Greater London N3 2TA5
£1.0M09/210.21 mi5, Hervey Close, London, Greater London N3 2HG5
£1.2M11/200.25 mi11, Holmwood Gardens, London, Greater London N3 3NS5
£1.3M03/210.27 mi59, Templars Crescent, London, Greater London N3 3QR5
£800K02/210.27 mi28, Vines Avenue, London, Greater London N3 2QD5
£1.2M03/210.3 mi13, Templars Crescent, London, Greater London N3 3QR5
£910K04/210.33 mi26, Princes Avenue, London, Greater London N3 2DB5
£945K06/210.33 mi38, Princes Avenue, London, Greater London N3 2DB5
£2.1M07/220.35 mi8, Amberden Avenue, London, Greater London N3 3BJ5
£1.5M07/230.38 mi36, Long Lane, London, Greater London N3 2PU5
£1.2M07/230.39 mi87, Windermere Avenue, London, Greater London N3 3RD5
£1.2M05/230.43 mi129, Etchingham Park Road, London, Greater London N3 2EE5
£1.0M05/210.43 mi139, Etchingham Park Road, London, Greater London N3 2EE5
£1.4M06/210.43 mi117, Etchingham Park Road, London, Greater London N3 2EE5
£1.2M12/220.43 mi137, Etchingham Park Road, London, Greater London N3 2EE5
£1.1M01/210.44 mi3, Mountfield Road, London, Greater London N3 3ND5
£1.8M08/210.44 mi3, Kingsgate Avenue, London, Greater London N3 3DH5
£1.4M02/210.44 mi32, Kingsgate Avenue, London, Greater London N3 3BH5
£1.4M06/210.44 mi94, Windermere Avenue, London, Greater London N3 3RA5
£955K12/210.45 mi23, Falkland Avenue, London, Greater London N3 1QR5
£1.5M02/210.46 mi14, Holly Park Gardens, London, Greater London N3 3NJ5
£1.6M03/230.48 mi97, Etchingham Park Road, London, Greater London N3 2ED5
£1.5M06/210.5 mi22, Clifton Avenue, London, Greater London N3 1BN5
£1.4M03/230.52 mi3, Clifton Avenue, London, Greater London N3 1BN5
£1.5M11/200.54 mi51, Beechwood Avenue, London, Greater London N3 3BB5
£1.4M01/210.54 mi41, Beechwood Avenue, London, Greater London N3 3BB5
£1.4M06/210.54 mi33, North Crescent, London, Greater London N3 3LL5
£2.0M03/230.55 mi51, Etchingham Park Road, London, Greater London N3 2EB5
£1.6M06/230.56 mi14, Park Crescent, London, Greater London N3 2NJ5
£1.1M10/210.56 mi92, Queens Avenue, London, Greater London N3 2NP5
£1.3M11/220.56 mi8, Park Crescent, London, Greater London N3 2NJ5
£734K06/210.57 mi62, Clifton Road, London, Greater London N3 2AR5
£1.1M11/220.57 mi348, Long Lane, London, Greater London N2 8JX5
£837.5K07/230.59 mi27, Clifton Road, London, Greater London N3 2AS5
£2.2M06/220.59 mi34, Beechwood Avenue, London, Greater London N3 3AX5
£1.2M11/220.6 mi79, Holdenhurst Avenue, London, Greater London N12 0HY5
£1.0M08/230.61 mi43, Sylvester Road, London, Greater London N2 8HN5
£2.3M09/220.62 mi12, Hendon Avenue, London, Greater London N3 1UE5
£1.6M05/210.65 mi24, Connaught Drive, London, Greater London NW11 6BJ5
£830K03/230.65 mi61, Manor Park Road, London, Greater London N2 0SN5
£1.3M08/240.69 mi6, Elm Gardens, London, Greater London N2 0TF5
£985K09/210.7 mi18, Lansdowne Road, London, Greater London N3 1ES5
£930K07/230.7 mi30, Trinity Road, London, Greater London N2 8JJ5
£1.6M11/220.72 mi43, Ossulton Way, London, Greater London N2 0JY5
£1.3M11/200.72 mi66, Ossulton Way, London, Greater London N2 0LB5
£1.3M01/210.72 mi2, Finchley Way, London, Greater London N3 1AG5
£1.5M03/230.72 mi1, Finchley Way, London, Greater London N3 1AG5
£911K07/230.73 mi27, Elmfield Road, London, Greater London N2 8EB5
£2.0M09/210.74 mi12, Allandale Avenue, London, Greater London N3 3PJ5
£900K06/210.76 mi36, Essex Park, London, Greater London N3 1NE5

Local Rents

49 rents from £2K/mo to £5K/mo, average is £2.8K/mo.

RentDateDistanceAddressBeds 
£4,00008/240.03 miLichfield Grove, Finchley, N34
£3,50012/240.03 mi-4
£2,50005/240.04 miStation Road, Finchley Central, London, N33
£4,40007/240.04 miStation Road, Finchley Central, N3 5
£2,40005/240.08 miStation Road, Finchley, N33
£4,00003/250.1 mi-4
£2,75005/240.11 miStation Road, Finchley Central, London, N3 - SEE 3D VR TOUR4
£2,30007/240.11 miManor View, Finchley3
£2,50005/240.13 miManor View, Finchley, N33
£2,00007/240.13 miLichfield Grove, Finchley3
£2,30002/240.14 miStation Road, Finchley, London, N33
£2,74502/250.14 mi-3
£2,10005/240.16 miSquires Lane, Finchley3
£2,64506/240.22 mi-4
£2,75007/240.23 miRosemary Avenue, Finchley, N33
£3,30005/240.26 miVines Avenue, Finchley, N34
£3,30005/240.26 miVINES AVENUE, Finchley, London, N34
£3,30005/240.26 miVines Avenue, Finchley, London, N34
£4,00002/240.28 miTemplars Crescent, Finchley, London, N35
£2,80001/250.28 mi-3
£3,00006/240.29 miRegents Park Road, Finchley, London, N33
£2,75008/240.3 miPrinces Avenue, London, N33
£2,25005/240.32 miHervey Close, Finchley Central, N3 2HD4
£2,75006/240.33 miNursery Avenue, Finchley, N33
£2,65008/240.33 miFinchley, London, N33
£2,55009/240.33 mi-3
£3,00001/250.35 mi-3
£2,30006/240.35 miLong Lane, Finchley3
£2,55011/240.37 mi-3
£2,55011/240.37 mi-3
£3,00005/240.37 miMoat Crescent, Finchley3
£5,00007/240.38 miEthan Drive, East Finchley, London, N25
£3,60008/240.38 miRegents Park Road, Finchley, N34
£3,00002/240.38 mi-3
£2,65011/240.38 mi-3
£2,10006/240.39 miAbingdon Road, Finchley3
£2,00006/240.39 miAbingdon Road, Finchley3
£3,00005/240.4 miLong Lane, Finchley3
£2,20006/240.4 miManor Cottages Approach, East Finchley3
£2,50005/240.41 miBallards Lane, Finchley, London, N33
£3,50006/240.41 miLong Lane, Finchley Central, London N33
£2,45001/250.41 mi-3
£4,15003/250.41 mi-3
£4,75011/240.41 mi-5
£2,10003/250.43 mi-3
£2,60005/240.44 miLong Lane, London4
£4,55005/240.44 miAshridge Close, London4
£3,99502/240.44 mi-4
£4,00005/240.44 mi-4

Local Area Statistics

Population in N3

26,584

Population in London

4,771,921

Town centre distance

6.01 miles away

Nearest school

0.20 miles away

Nearest train station

0.26 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 £1,000,000

February 24, 2025

Price changed to £1,100,000

December 24, 2024

Listed for £1,250,000

October 29, 2024

Floor Plans

Description

  • 5 Bedroom family home +
  • Semi-detached house +
  • Period property +
  • Set over three floors +
  • Potential to extend (STPP) +
  • In need of modernisation +
  • Private garden +
  • 0.3 Miles from Finchley Central Station +
  • Catchment for Outstanding schools +

A five-bedroom semi-detached period property in need of modernisation. Set over three floors the property consists of three reception rooms, three bathrooms, garden and off-street parking. Potential to extend STPP.

The Owners Love
"The location is fantastic, close to all local shops"
"The size of the house has been great for me"
"Very close to Finchely Central Station"

We've Noticed
The property is 0.1 Miles from the local high street.
Potential to extend STPP.

Agent Details

Martyn Gerrard, Finchley

020 3872 3468

Next Steps?

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