4 Bed Terraced House, Refurb/BRRR, Enfield, EN2 7DR, £880,000

Slades Gardens, Enfield, EN2 7DR - 5 months ago

Refurb/BRRR
~144 m²
+15 photos

ValuationOvervalued

Sold Prices£430K - £1.2M
Sold Prices/m²£3.6K/m² - £10.1K/m²

 

 

Square Metres

~144.40 m²
Price/m²£6.1K/m²

Value Estimate

£807,264

 

 

End Value (After Refurb)

£831,827

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£220,000

Stamp Duty & Legal Fees

£76,700

Refurb Costs

£76,392

Bridging Loan Interest

£23,100

Total Cash In

£397,942

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£831,827

Mortgage (After Refinance)

£623,870

Mortgage LTV

75%

Cash Left In

£397,942

Equity

£207,957

Rent Range

£2,000 - £4,200

Rent Estimate

£2,958

Running Costs/mo

£3,211

Cashflow/mo

£-253

Cashflow/yr

£-3,037

Gross Yield

4%

Local Sold Prices

50 sold prices from £430K to £1.2M, average is £731.5K. £3.6K/m² to £10.1K/m², average is £5.9K/m².

PriceDateDistanceAddressBeds 
£710K05/210.01 mi14, Slades Gardens, Enfield, Greater London EN2 7DR4
£715K06/210.06 mi4, Windmill Gardens, Enfield, Greater London EN2 7DU4
£560K06/210.16 mi51, Chase Ridings, Enfield, Greater London EN2 7QE4
£780K02/210.16 mi44, Links Side, Enfield, Greater London EN2 7QU4
£887.5K05/220.18 mi36, The Grove, Enfield, Greater London EN2 7PY4
£751.5K10/220.18 mi55, Chase Ridings, Enfield, Greater London EN2 7QE4
£738K10/200.19 mi21, Enfield Road, Enfield, Greater London EN2 7ES4
£700K06/210.2 mi43a, Postern Green, Enfield, Greater London EN2 7DE4
£775K07/230.22 mi7, Linkside Close, Enfield, Greater London EN2 7QY4
£870K03/210.24 mi22, Links Side, Enfield, Greater London EN2 7QZ4
£612K06/210.24 mi19, Canford Close, Enfield, Greater London EN2 8QN4
£690K02/210.24 mi33, Canford Close, Enfield, Greater London EN2 8QN4
£710K02/210.25 mi48, Bincote Road, Enfield, Greater London EN2 7RB4
£1.2M02/230.27 mi47, Old Park View, Enfield, Greater London EN2 7EG4
£1.1M12/200.27 mi31, Old Park View, Enfield, Greater London EN2 7EG4
£1.2M06/210.27 mi37, Old Park View, Enfield, Greater London EN2 7EG4
£749K12/200.29 mi24, Colonels Walk, Enfield, Greater London EN2 8HN4
£720K11/220.29 mi22, Colonels Walk, Enfield, Greater London EN2 8HN4
£1.1M07/220.35 mi44, Old Park View, Enfield, Greater London EN2 7EJ4
£750K06/210.35 mi71, Enfield Road, Enfield, Greater London EN2 7HA4
£715K07/230.35 mi65, Enfield Road, Enfield, Greater London EN2 7HA4
£680K03/210.36 mi3, Robson Close, Enfield, Greater London EN2 8PZ4
£800K02/230.37 mi31, Culloden Road, Enfield, Greater London EN2 8QE4
£800K09/210.39 mi15, Drapers Road, Enfield, Greater London EN2 8LT4
£1.1M09/220.42 mi6, Farmlands, Enfield, Greater London EN2 8JE4
£895K08/220.43 mi6, Wyndcroft Close, Enfield, Greater London EN2 7BJ4
£620K12/200.44 mi119, Chase Green Avenue, Enfield, Greater London EN2 8EN4
£720K05/220.45 mi8, Chasewood Avenue, Enfield, Greater London EN2 8PT4
£1.1M05/230.45 mi3, Wyndcroft Close, Enfield, Greater London EN2 7BJ4
£690K02/210.46 mi9a, Bycullah Road, Enfield, Greater London EN2 8EG4
£714.5K12/200.47 mi18a, Bycullah Road, Enfield, Greater London EN2 8EJ4
£605K04/210.48 mi35, Calshot Way, Enfield, Greater London EN2 7BQ4
£575K09/210.48 mi16, Bycullah Avenue, Enfield, Greater London EN2 8DN4
£725K03/210.5 mi200, Lavender Hill, Enfield, Greater London EN2 8NJ4
£495K05/210.52 mi90, Perry Mead, Enfield, Greater London EN2 8BS4
£540K03/210.53 mi38a, Chase Green Avenue, Enfield, Greater London EN2 8EB4
£820K12/200.57 mi58, Chase Court Gardens, Enfield, Greater London EN2 8DJ4
£1.0M03/210.58 mi13, Old Park Road South, Enfield, Greater London EN2 7DD4
£475K04/210.59 mi66, Hedge Hill, Enfield, Greater London EN2 8RT4
£450K11/220.59 mi39, Hedge Hill, Enfield, Greater London EN2 8RT4
£825K06/210.6 mi18, Hadley Road, Enfield, Greater London EN2 8JS4
£757K11/200.62 mi11, Chase Hill, Enfield, Greater London EN2 8DF4
£575K01/230.63 mi2, Bankside, Enfield, Greater London EN2 8BN4
£430K04/210.64 mi72, Hedge Hill, Enfield, Greater London EN2 8RS4
£800K05/230.68 mi4, Silverdale, Enfield, Greater London EN2 7LA4
£950K12/210.69 mi39, Uplands Way, London, Greater London N21 1DH4
£615K11/200.71 mi12, Corfield Road, London, Greater London N21 1SF4
£925K10/210.72 mi16, Uplands Way, London, Greater London N21 1DG4
£975K09/220.73 mi11, Oak Avenue, Enfield, Greater London EN2 8LB4
£720K06/210.73 mi20, Oak Avenue, Enfield, Greater London EN2 8LB4

Local Rents

28 rents from £2K/mo to £4.2K/mo, average is £2.7K/mo.

RentDateDistanceAddressBeds 
£2,60004/240.04 miWindmill Gardens Enfield EN24
£2,50004/240.04 miSlades Gardens, Enfield - Superb 5 Bedroom in the Heart of EN2 !!4
£3,00003/250.06 mi-4
£2,20005/240.06 miWindmill Gardens, Enfield, Middlesex, EN23
£2,50003/240.12 miTaunton Drive, Enfield4
£2,80005/240.18 miHuntingate Close, Enfield4
£2,00004/240.2 miPostern Green, London, EN23
£2,90003/240.21 miPostern Green, Enfield4
£2,60004/240.24 miBincote Road, Enfield, EN24
£2,75002/250.26 mi-3
£2,50004/240.29 miThe Ridgeway, ENFIELD4
£2,70003/250.3 mi-4
£2,50004/240.34 miEnfield Road, Enfield, Middlesex, EN23
£3,99503/240.38 miBergamot House, 52 Rowantree Road, Enfield, EN23
£2,19501/250.38 mi-3
£3,75003/240.4 miWilliams Court, The Ridgeway, Enfield, Middlessex, EN23
£2,95003/240.43 miBergamot House, Rowantree Road, Enfield3
£3,99504/240.47 miOld Park Road, Enfield3
£3,99504/240.49 miOld Park Road, Enfield, EN23
£4,00005/240.49 mi-4
£4,00004/240.49 miVidya Villas, Shanti Close, Enfield4
£4,20004/240.49 miGlenbrook South, Enfield, London, EN24
£4,00004/240.49 miShanti Close, Enfield, EN24
£2,29503/240.51 miLavender Hill, Enfield, Middlesex, EN23
£2,20005/240.52 miPerry Mead, Enfield3
£2,50004/240.54 miCrescent Road, ENFIELD4
£2,50004/240.55 miPerry Mead, ENFIELD3
£2,70012/240.58 mi-4

Local Area Statistics

Population in EN2

29,471

Population in Enfield

130,248

Town centre distance

0.65 miles away

Nearest school

0.40 miles away

Nearest train station

0.68 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+1%

Sales demand

Balanced market

Capital growth (5yrs)

+19%

Property History

Price changed to £880,000

December 5, 2024

Listed for £900,000

October 30, 2024

Floor Plans

Description

  • Buyer Fees Apply +
  • Being Sold By GOTO Reservation Fee Process +
  • Large Family Home +
  • Blank Canvas To Make Your Own +
  • Double Garage +
  • Annexe +
  • Chain Free +
  • Investment Opportunity +
  • Close To Local Schools +
  • Close To Transport Links, Amenities And Railway +

The Property
*CHAIN FREE*

This is a fantastic opportunity to own a spacious four-bedroom semi-detached family home, now available for viewing. With its generous layout and remarkable potential, this property is ideal for growing families and investors alike. The ground floor features a large reception room perfect for entertaining, a dedicated dining area, and a spacious kitchen that leads into a light-filled conservatory. The conservatory offers a peaceful retreat, with lovely views of the expansive rear garden, making it the perfect spot to relax or enjoy family gatherings.

Upstairs, the first floor hosts two generously sized double bedrooms, a third single bedroom that could serve as a home office or nursery, and a family bathroom. Each room is well-proportioned, providing plenty of space and flexibility for modern living.

An additional benefit of the property is the side extension, currently rented out as a self-contained studio. This annex includes a comfortable bedroom, a shower room, and a kitchenette, making it ideal for generating rental income or as a separate living space for a relative or guest.

The property also boasts a unique lower level with a wine cellar, offering a fantastic space for wine enthusiasts, additional storage, or the potential to convert it into a stylish home office or gym.

At the rear of the generous garden, you will find a double garage, providing ample space for vehicles or additional storage. This area could even be converted into a workshop, studio, or other functional space to suit your needs.

To the front of the house, a carriage drive offers off-street parking for two cars, ensuring convenience for homeowners and visitors.

Although the property requires some modernisation, it offers a blank canvas for new owners to personalize and transform it into their perfect family home. With so much potential and plenty of existing features, this is a rare opportunity to create a truly remarkable living space in a highly desirable area.

Location

Slades Gardens is a highly sought-after, tranquil residential road that offers an ideal setting for families and professionals alike. This peaceful neighborhood is well-served by excellent educational institutions, including the popular Merryhills Primary School, the highly-regarded Highlands School, and the prestigious Wren Academy, making it an appealing choice for families with children of all ages.

For those who enjoy outdoor activities, the property is located within close proximity to the expansive Trent Country Park, offering vast green spaces, scenic walking trails, and recreational opportunities. Enfield Golf Club, renowned for its beautifully maintained course, is also nearby for golf enthusiasts.

Conveniently positioned, Slades Gardens is just a short distance from the bustling Enfield Town Shopping Centre, which provides a wide range of retail outlets, supermarkets, cafés, and restaurants, catering to all your daily needs. In terms of transport links, Enfield Chase BR station is a mere 0.7 miles away, providing direct train services into central London, while Oakwood Underground Station, on the Piccadilly Line, is 1.3 miles away, ensuring easy access to the wider city and beyond.

Overall, Slades Gardens combines the best of peaceful suburban living with easy access to essential amenities and excellent transport connections, making it a highly desirable location for anyone seeking a balanced lifestyle.

Property Description
Material information:
The information above has been provided by the vendor, agent and GOTO Group and may not be accurate. Please refer to the property’s Legal Pack. (You can download this once you have registered your interest against the property). This pack provides material information which will help you make an informed decision before proceeding. It may not yet include everything you need to know so please make sure you do your own due diligence as well.

This property is offered for sale using the Reservation fee process. Reservation fee is a new, innovative and pioneering process for buying and selling property. It significantly reduces the risk of gazumping or double-selling by offering security to both parties by gaining a commitment from both parties to buy and sell. When an offer is accepted, the buyer will be required to make payment of a non-refundable Reservation Fee of £10,620 including VAT (in addition to the final negotiated selling price). This will secure the transaction and the property will be taken off the market. The purchaser will not be exchanging contracts but will be given 90 working days in which to complete the transaction, from the date the Draft Contract is received by the buyer’s solicitor (or 10 working days after receipt of the Reservation Fee, whichever is earlier).

The buyer will also be required to pay a legal pack fee of £372 including VAT and to sign the Reservation Form and agree the Terms and Conditions prior to solicitors being instructed. If you require a copy of these documents, or for further information, please contact the Reservation Fee team at GOTO Group.
Buyer Fees
• The Reservation fee and legal pack fee are in addition to the final negotiated selling price.
• Stamp Duty Land Tax (SDLT) is applicable if you buy a property or land over a certain price in England, Wales or Northern Ireland.

Property Description Disclaimer

This is a general description of the property only, and is not intended to constitute part of an offer or contract. It has been verified by the seller(s), unless marked as 'draft'. Purplebricks conducts some valuations online and some of our customers prepare their own property descriptions, so if you decide to proceed with a viewing or an offer, please note this information may have been provided solely by the vendor, and we may not have been able to visit the property to confirm it. If you require clarification on any point then please contact us, especially if you’re traveling some distance to view. All information should be checked by your solicitor prior to exchange of contracts. Successful buyers will be required to complete anti-money laundering checks. Our partner, Lifetime Legal Limited, will carry out the initial checks on our behalf. The current non-refundable cost is £80 inc. VAT per offer. You’ll need to pay this to Lifetime Legal and complete all checks before we can issue a memorandum of sale. The cost includes obtaining relevant data and any manual checks and monitoring which might be required, and includes a range of benefits. Purplebricks will receive some of the fee taken by Lifetime Legal to compensate for its role in providing these checks.

Agent Details

Purplebricks, covering Enfield

020 3907 9880

Next Steps?

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