4 Bed Terraced House, Refurb/BRRR, London, N3 1EG, £775,000

Elm Park Road, Finchley, London, N3 1EG - 9 views - 5 months ago

Under Offer

Refurb/BRRR

~129 m²

ValuationUndervalued

Sold Prices	£310K - £1.8M
Sold Prices/m²	£5.2K/m² - £11.9K/m²

Square Metres	~129.26 m²
Price/m²	£6K/m²
Value Estimate	£817,700£817,700
BMV	3%

End Value (After Refurb)	£880,002£880,002
Uplift in Value	+11%+11%

Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (25%)	£193,750£193,750
Stamp Duty & Legal Fees	£52,300£52,300
Refurb Costs	£68,381£68,381
Bridging Loan Interest	£20,344£20,344
Total Cash In	£336,525£336,525

Cash Out
Monetisation	FlipRefinance & RentRefinance & Rent
Revaluation	£880,002£880,002
Mortgage (After Refinance)	£660,002£660,002
Mortgage LTV	75%75%
Cash Released	£78,752£78,752
Cash Left In	£257,773£257,773
Equity	£220,001£220,001
Rent Range	£1,950 - £8,333£1,950 - £8,333
Rent Estimate	£2,825
Running Costs/mo	£3,335£3,335
Cashflow/mo	£-510£-510
Cashflow/yr	£-6,120£-6,120
Gross Yield	4%4%

Local Sold Prices

50 sold prices from £310K to £1.8M, average is £932.5K. £5.2K/m² to £11.9K/m², average is £6.8K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£855K	10/20	0.12 mi	86, Gordon Road, London, Greater London N3 1EP	£5,344	160	4	Semi-Detached House
£920K	03/21	0.15 mi	355, Nether Street, London, Greater London N3 1JN	-	-	4	Semi-Detached House
£1.1M	09/21	0.16 mi	48, Dollis Park, London, Greater London N3 1BS	£6,761	159	4	Semi-Detached House
£1.1M	06/21	0.18 mi	12, Lansdowne Road, London, Greater London N3 1ES	-	-	4	Semi-Detached House
£1.0M	09/21	0.2 mi	11, Lansdowne Road, London, Greater London N3 1ET	£7,436	141	4	Semi-Detached House
£1.2M	09/22	0.2 mi	5, Dollis Park, London, Greater London N3 1HJ	-	-	4	Semi-Detached House
£985K	06/21	0.27 mi	36, Finchley Way, London, Greater London N3 1AH	£6,966	141	4	Semi-Detached House
£940K	09/22	0.28 mi	15, Brent Way, London, Greater London N3 1AJ	£7,642	123	4	Terraced House
£870K	12/20	0.29 mi	31, Brent Way, London, Greater London N3 1AJ	£6,692	130	4	Terraced House
£760K	10/22	0.31 mi	11, Hamilton Way, London, Greater London N3 1AN	-	-	4	Terraced House
£880K	09/22	0.31 mi	4, Hamilton Way, London, Greater London N3 1AN	£6,197	142	4	Terraced House
£897K	03/21	0.31 mi	14, Hamilton Way, London, Greater London N3 1AN	£6,500	138	4	Terraced House
£1.5M	04/21	0.32 mi	59, Church Crescent, London, Greater London N3 1BL	£7,766	197	4	Semi-Detached House
£912K	10/22	0.34 mi	39, Howcroft Crescent, London, Greater London N3 1PA	£6,000	152	4	Semi-Detached House
£310K	06/23	0.35 mi	54a, Ballards Lane, Finchley, London, Greater London N3 2BU	-	-	4	Semi-Detached House
£1.5M	02/21	0.35 mi	72, Lyndhurst Gardens, London, Greater London N3 1TD	£9,494	158	4	Semi-Detached House
£1.8M	07/22	0.41 mi	4, Kingswood Park, London, Greater London N3 1UG	-	-	4	Detached House
£1.6M	11/21	0.41 mi	7, Kingswood Park, London, Greater London N3 1UG	£9,968	158	4	Detached House
£1.2M	11/20	0.41 mi	91, Lyndhurst Gardens, London, Greater London N3 1TE	£8,855	131	4	Semi-Detached House
£895K	12/22	0.43 mi	61, Wentworth Park, London, Greater London N3 1YH	£7,276	123	4	Semi-Detached House
£1.1M	06/23	0.43 mi	44, Princes Avenue, London, Greater London N3 2DB	£7,447	141	4	Terraced House
£988K	06/23	0.43 mi	45, Hervey Close, London, Greater London N3 2HG	£5,228	189	4	Semi-Detached House
£925K	08/21	0.44 mi	9, Claverley Grove, London, Greater London N3 2DG	£6,884	134	4	Terraced House
£1.2M	09/22	0.44 mi	34, Claremont Park, London, Greater London N3 1TH	£7,549	154	4	Semi-Detached House
£1.3M	12/20	0.45 mi	16, Claremont Park, London, Greater London N3 1TH	£8,228	158	4	Semi-Detached House
£950K	09/21	0.45 mi	38, Claverley Grove, London, Greater London N3 2DH	£7,724	123	4	Terraced House
£920K	03/21	0.45 mi	36, Claverley Grove, London, Greater London N3 2DH	£6,259	147	4	Terraced House
£750K	10/22	0.45 mi	173, Holders Hill Road, London, Greater London NW7 1ND	£8,643	87	4	Semi-Detached House
£1.3M	06/23	0.46 mi	93, Walmington Fold, London, Greater London N12 7LH	£11,916	107	4	Semi-Detached House
£870K	06/21	0.46 mi	97, Wentworth Avenue, London, Greater London N3 1YN	£5,577	156	4	Detached House
£770K	05/23	0.46 mi	99, Wentworth Avenue, London, Greater London N3 1YN	-	-	4	Semi-Detached House
£895K	06/21	0.46 mi	32, Fursby Avenue, London, Greater London N3 1PL	-	-	4	Semi-Detached House
£962K	02/21	0.46 mi	8, Fursby Avenue, London, Greater London N3 1PL	£6,329	152	4	Semi-Detached House
£550K	01/23	0.47 mi	The Lodge, Elscot House, Arcadia Avenue, London, Greater London N3 2JF	-	-	4	Detached House
£1.1M	12/22	0.48 mi	12, St Pauls Way, London, Greater London N3 2PP	£7,861	144	4	Semi-Detached House
£1.0M	03/21	0.51 mi	6, Willow Way, London, Greater London N3 2PL	£6,410	156	4	Semi-Detached House
£860K	06/21	0.52 mi	18, Courthouse Gardens, London, Greater London N3 1PX	-	-	4	Semi-Detached House
£850K	06/23	0.52 mi	2, Courthouse Gardens, London, Greater London N3 1PX	£6,693	127	4	Semi-Detached House
£1.1M	02/21	0.52 mi	1, Dukes Avenue, London, Greater London N3 2DE	£5,803	185	4	Semi-Detached House
£1.1M	09/21	0.52 mi	39, Dukes Avenue, London, Greater London N3 2DE	-	-	4	Semi-Detached House
£1.0M	09/22	0.52 mi	22, Claigmar Gardens, London, Greater London N3 2HR	-	-	4	Terraced House
£875K	08/21	0.52 mi	10, Devonshire Road, London, Greater London NW7 1LL	£6,162	142	4	Semi-Detached House
£910K	01/23	0.53 mi	21, Linkside, London, Greater London N12 7LE	-	-	4	Semi-Detached House
£900K	01/21	0.54 mi	30, Chesterfield Road, London, Greater London N3 1PR	£6,164	146	4	Semi-Detached House
£1.1M	04/23	0.56 mi	3, Cadogan Gardens, London, Greater London N3 2HN	-	-	4	Terraced House
£870K	06/21	0.56 mi	15, Cadogan Gardens, London, Greater London N3 2HN	£6,744	129	4	Terraced House
£840K	10/20	0.58 mi	122, Holders Hill Road, London, Greater London NW4 1LJ	£5,874	143	4	Semi-Detached House
£815K	02/21	0.58 mi	73, Hervey Close, London, Greater London N3 2HH	-	-	4	Terraced House
£1.2M	12/20	0.59 mi	17, Sylvan Avenue, London, Greater London N3 2LE	-	-	4	Semi-Detached House
£760K	02/21	0.59 mi	16, Arlington Green, London, Greater London NW7 1GW	£6,847	111	4	Terraced House

Local Rents

50 rents from £1.9K/mo to £8.3K/mo, average is £2.7K/mo.

Rent	Date	Distance	Address	Beds	Type
£2,850	07/24	0.05 mi	Dollis Road, London, N3	4	Flat
£2,650	07/24	0.05 mi	Dollis Road, London, N3	4	Flat
£2,999	06/24	0.09 mi	-	3	Flat
£3,500	07/24	0.09 mi	Grosvenor Road, Finchley, N3	5	Terraced House
£2,300	05/24	0.1 mi	Crescent Road, Finchley, N3 1HP	3	Flat
£2,300	05/24	0.1 mi	Crescent Road, Finchley Central, N3	3	Flat
£2,200	05/24	0.11 mi	-	3	Flat
£2,150	07/24	0.11 mi	Gordon Road, Finchley Central, N3	3	Flat
£2,200	06/24	0.11 mi	Crescent Road, Finchley, London, N3	3	Flat
£2,400	05/24	0.11 mi	Nether street, Finchley central, London, N3 - GARDEN FLAT	3	Flat
£3,500	08/24	0.12 mi	Grosvenor Road, Finchley	5	House
£2,000	05/24	0.12 mi	Grosvenor Road, London, N3	3	Flat
£2,000	05/24	0.12 mi	Gordon Road, London, N3 1EN	3	Flat
£2,000	03/25	0.13 mi	-	3	Flat
£3,800	06/24	0.14 mi	Dollis Park, London N3	3	Detached House
£2,600	06/24	0.14 mi	Dollis Park, Finchley, London, N3	3	Detached House
£3,000	05/24	0.14 mi	Nether Street, Finchley, N3	4	Detached House
£3,800	06/24	0.15 mi	Dollis Park, Finchley	3	House
£1,950	05/24	0.15 mi	Grosvenor Court, Grosvenor Road, Finchley, London, N3	3	Flat
£2,950	08/24	0.15 mi	Grosvenor Road, London, N3	3	Flat
£3,800	06/24	0.15 mi	Dollis Park, Finchley, London, N3	3	Detached House
£3,100	07/24	0.17 mi	-	4	Flat
£2,450	07/24	0.18 mi	Lansdowne Road, Finchley, London, N3	3	Terraced House
£2,383	06/24	0.19 mi	Finchley, N3, London	3	House
£2,100	07/24	0.19 mi	The Grove, London, N3	3	Flat
£4,250	06/24	0.23 mi	Abercorn Road, Mill Hill	5	Detached House
£3,750	07/24	0.23 mi	Abercorn Road, Mill Hill	5	Detached House
£3,950	06/24	0.24 mi	Abercorn Road, Mill Hill East, London, NW7	4	Flat
£4,500	07/24	0.27 mi	Finchley, London, N3	6	Detached House
£8,333	03/25	0.28 mi	-	10	Detached House
£4,500	06/24	0.29 mi	Brent Way London N3	4	House
£2,700	09/24	0.29 mi	-	3	Bungalow
£2,850	10/24	0.29 mi	-	3	Flat
£2,750	03/25	0.29 mi	-	3	Flat
£1,995	01/25	0.3 mi	-	3	Flat
£2,750	06/24	0.31 mi	The Lintons, London, N3	3	Flat
£2,750	07/24	0.31 mi	-	3	Flat
£2,250	05/24	0.32 mi	Hervey Close, Finchley Central, N3 2HD	4	Flat
£2,500	07/24	0.32 mi	Hamilton Way, Finchley, N3	3	Terraced House
£2,400	07/24	0.32 mi	Hamilton Way, Finchley, N3	3	Terraced House
£2,400	09/24	0.32 mi	Hamilton Way, Finchley, N3	3	Terraced House
£2,500	05/24	0.34 mi	Ballards Lane, Finchley, London, N3	3	Flat
£2,800	07/24	0.34 mi	Howcroft Crescent, West Finchley, London, N3	3	House
£2,600	06/24	0.34 mi	Dollis Road, London, NW7	3	Semi-Detached House
£4,000	05/24	0.34 mi	Priory Close, Finchley, N3	6	Flat
£2,750	07/24	0.35 mi	Howcroft Crescent, Finchley	3	House
£2,750	07/24	0.35 mi	Howcroft Crescent, West Finchley, London, N3	3	Semi-Detached House
£2,550	08/24	0.35 mi	-	3	Semi-Detached House
£2,695	08/24	0.35 mi	Howcroft Crescent, Finchley, N3	3	Semi-Detached House
£2,550	11/24	0.35 mi	-	3	Flat

Local Area Statistics

Population in N3	26,58426,584
Population in London	4,771,9214,771,921
Town centre distance	6.64 miles away6.64 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.38 miles away0.38 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	-30%-30%
Sales demand	Buyer's marketBuyer's market
Capital growth (5yrs)	+19%+19%

Property History

Price changed to £775,000

January 11, 2025

Listed for £795,000

October 30, 2024

Floor Plans

Description

Set on a quiet residential turning +
Period style terraced house +
Potential to expand stpp +
Four bedrooms +
Two bathrooms +
Chain Free +

Situated in a popular turning off Nether Street, within easy access to both West Finchley and Finchley Central underground stations, local schools and recreational parkland, such as Dollis Brook, we are pleased to offer this four bedroom Terraced house. The property is in need of complete modernisation but offers a great opportunity to create a wonderful family home with potential to expand further stpp.
Offered on a chain free basis an internal viewing is highly recommended.

Agent Details

Winkworth, Finchley

020 3856 3929

Next Steps?

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

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