2 Bed Flat, Refurb/BRRR, Enfield, EN1 2LG, £400,000

Monica Court, Village Road, Enfield Town, EN1 2LG - 3 views - 6 months ago

Leasehold
Refurb/BRRR
ROI: 1%
~68 m²
+7 photos

ValuationOvervalued

Sold Prices£150K - £665K
Sold Prices/m²£2.6K/m² - £7.1K/m²

 

 

Square Metres

~68.11 m²
Price/m²£5.9K/m²

Value Estimate

£361,335

 

 

End Value (After Refurb)

£386,576

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£100,000

Stamp Duty & Legal Fees

£20,700

Refurb Costs

£36,033

Bridging Loan Interest

£10,500

Total Cash In

£168,983

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£386,576

Mortgage (After Refinance)

£289,932

Mortgage LTV

75%

Cash Left In

£168,983

Equity

£96,644

Rent Range

£1,500 - £2,450

Rent Estimate

£1,778

Running Costs/mo

£1,584

Cashflow/mo

£194

Cashflow/yr

£2,332

ROI

1%

Gross Yield

5%

Local Sold Prices

50 sold prices from £150K to £665K, average is £340K. £2.6K/m² to £7.1K/m², average is £5.3K/m².

PriceDateDistanceAddressBeds 
£263K05/230.13 mi4, Camberley Avenue, Enfield, Greater London EN1 2AR2
£385K12/200.17 miFlat 22, Austin Court, Village Road, Enfield, Greater London EN1 2DY2
£365K02/210.17 miFlat 2, Austin Court, Village Road, Enfield, Greater London EN1 2DY2
£360K11/220.2 mi105, Uvedale Road, Enfield, Greater London EN2 6HD2
£350K04/210.22 mi49a, Chalkwell Park Avenue, Enfield, Greater London EN1 2AN2
£350K06/210.23 mi35, Beresford Gardens, Enfield, Greater London EN1 1NN2
£475K09/230.25 miFlat 6, Brooklands Court, Bush Hill, London, Greater London N21 2BZ2
£348K02/230.26 mi11, Mortimer Drive, Enfield, Greater London EN1 2LH2
£276K07/230.31 mi95, Beresford Gardens, Enfield, Greater London EN1 1NP2
£345K05/210.31 mi2, Adamsrill Close, Enfield, Greater London EN1 2BP2
£375K02/230.31 mi20, Adamsrill Close, Enfield, Greater London EN1 2BP2
£305K05/210.32 mi61, Eaton Road, Enfield, Greater London EN1 1NJ2
£315K10/220.33 mi45, Eaton Road, Enfield, Greater London EN1 1NJ2
£460K08/230.33 mi18, Falmer Road, Enfield, Greater London EN1 1PY2
£297.5K02/210.34 mi33, Winchester Close, Enfield, Greater London EN1 2ES2
£365K11/210.37 mi27, Queens Road, Enfield, Greater London EN1 1NF2
£295K12/200.38 mi2a, Eaton Road, Enfield, Greater London EN1 1NA2
£400K09/210.38 mi1, Village Park Close, Enfield, Greater London EN1 2SG2
£313K03/210.38 mi7, Lingfield Close, Enfield, Greater London EN1 2JL2
£293K03/230.38 mi10, Lingfield Close, Enfield, Greater London EN1 2JL2
£325K01/230.39 mi15, Stanley Road, Enfield, Greater London EN1 1NG2
£384K03/210.4 mi80a, Cecil Avenue, Enfield, Greater London EN1 1PP2
£375K05/210.45 mi41, St Andrews Road, Enfield, Greater London EN1 3UA2
£350K06/230.46 mi12, Calder Close, Enfield, Greater London EN1 3TS2
£420K06/210.51 mi30a, Little Park Gardens, Enfield, Greater London EN2 6PG2
£340K08/210.51 mi35b, St Marks Road, Enfield, Greater London EN1 1BG2
£332.5K11/210.52 miFlat 13, Chapel Court, St Marks Road, Enfield, Greater London EN1 1DT2
£250K06/210.61 mi44, Roman Way, Enfield, Greater London EN1 1EQ2
£412.5K01/210.63 mi4, Windmill Hill, Enfield, Greater London EN2 6SA2
£415K11/220.64 mi114a, Village Road, Enfield, Greater London EN1 2EX2
£500K12/200.64 mi14, Riversfield Road, Enfield, Greater London EN1 3DJ2
£290K08/210.65 mi126, Village Road, Enfield, Greater London EN1 2EX2
£340K07/230.68 mi235, Southbury Road, Enfield, Greater London EN1 1QZ2
£305K03/210.69 mi175, Gladbeck Way, Enfield, Greater London EN2 7EW2
£285K03/210.7 mi53, Gladbeck Way, Enfield, Greater London EN2 7EL2
£300K06/210.74 mi91, Cobham Close, Enfield, Greater London EN1 3SD2
£272K02/210.74 mi29, Cobham Close, Enfield, Greater London EN1 3SD2
£315K10/210.74 mi23, Cobham Close, Enfield, Greater London EN1 3SD2
£665K06/210.76 mi31, The Coppice, Enfield, Greater London EN2 7BX2
£300K02/210.76 miFirst Floor Maisonette, 281, Great Cambridge Road, Enfield, Greater London EN1 1SQ2
£340K12/200.77 mi46, Waverley Road, Enfield, Greater London EN2 7AQ2
£295K03/230.77 mi48, Waverley Road, Enfield, Greater London EN2 7AQ2
£260K06/210.77 miFlat 7, Constable House, Ayley Croft, Enfield, Greater London EN1 1XX2
£348K12/220.78 mi110a, Baker Street, Enfield, Greater London EN1 3EZ2
£500K06/230.79 miFlat 13, Claremont Heights, Crescent Road, Enfield, Greater London EN2 7RY2
£257K01/230.81 mi67b, Windmill Hill, Enfield, Greater London EN2 7AF2
£150K09/230.81 mi29, Homewillow Close, London, Greater London N21 2HJ2
£290K06/230.81 mi35, Homewillow Close, London, Greater London N21 2HJ2
£335K04/210.81 mi8a, Graeme Road, Enfield, Greater London EN1 3UX2
£420K04/230.81 mi29, Florence Drive, Enfield, Greater London EN2 8DG2

Local Rents

50 rents from £1.5K/mo to £2.5K/mo, average is £1.8K/mo.

RentDateDistanceAddressBeds 
£2,00002/240.04 mi-2
£2,06204/240.04 miVillage Road, Bush Hill Park, Enfield, EN12
£1,60004/240.08 mi69 London Road, Enfield2
£1,55003/240.14 miWoodfield Close, EN12
£1,60002/240.17 mi-2
£1,80004/240.19 miLondon Road, London, EN22
£1,85004/250.19 mi-2
£1,80002/240.2 mi-2
£1,80012/240.2 mi-2
£1,80012/240.2 mi-2
£2,10003/240.21 miSydney Road, Enfield Town, EN22
£1,75003/240.21 miTower Point, Sydney Road, EN22
£2,45004/240.21 miTower Point, 52 Sydney Road, Enfield, London, EN22
£1,60004/240.21 miTower Point, EN22
£1,60005/240.21 miTower Point, EN22
£1,75003/240.21 miSydney Road, London, EN22
£1,50004/250.21 mi-2
£1,75003/250.22 mi-2
£1,95003/240.27 miDowns Road, ENFIELD2
£1,89512/240.28 mi-2
£1,89512/240.28 mi-2
£1,89512/240.28 mi-2
£1,89512/240.28 mi-2
£1,89501/250.28 mi-2
£1,65005/240.28 miBeresford Gardens, Enfield, EN12
£1,82503/240.3 miRedwood House, Enfield, EN22
£1,75003/240.31 miWellington Road, ENFIELD2
£1,55003/240.32 miWinchester Close, Enfield, EN12
£1,60003/240.33 mi-2
£1,67504/240.34 miGenotin Terrace, Enfield2
£1,75003/240.34 miGenotin Terrace, Enfield2
£1,85002/250.35 mi-2
£2,00004/240.35 mi-2
£1,80003/250.35 mi-2
£1,75003/250.35 mi-2
£1,80003/240.36 miVillage Park Close, Enfield, EN12
£1,60003/240.37 miGenotin Road, Enfield Town2
£1,80005/240.38 miVillage Park Close, London, EN12
£1,80012/240.38 mi-2
£1,85002/250.38 mi-2
£1,75003/240.38 miColman Parade, Southbury Road, Enfield, EN12
£1,75005/240.38 miColman Parade, Southbury Road, Enfield, EN12
£1,75003/240.39 miTower Point, Sydney Road, Enfield2
£1,55012/240.4 mi-2
£1,65004/240.42 miChurch Street, Enfield Town EN22
£1,89504/240.42 miSt. Stephens Court, Enfield, EN12
£1,89505/240.42 mi-2
£2,00003/240.44 miBurleigh Way, Enfield, EN22
£2,00004/240.44 miBurleigh Way, Enfield2
£1,90005/240.44 miBurleigh Way, Enfield, EN22

Local Area Statistics

Population in EN1

45,671

Population in Enfield

130,248

Town centre distance

0.81 miles away

Nearest school

0.40 miles away

Nearest train station

0.34 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+5%

Sales demand

Balanced market

Capital growth (5yrs)

+18%

Property History

Listed for £400,000

November 5, 2024

Floor Plans

Description

A spacious ground floor apartment in an excellent central location that offers buyers potential for internal modernisation to meet their own needs and tastes. No chain.

Overall Description - This is a spacious ground apartment in a pleasant residential location yet easily accesible from the excellent local amenities of Enfield Town. The apartment has its own front door, so no need to walk through shared hallways to get to your home. There is a good-sized duel aspect sitting/dining room, two double bedrooms with fitted wardrobes, separate shower room, kitchen and entrance hall. The property is in need of internal modernisation but it does have gas central-heating and double-glazed windows. So if you are looking for a high quality apartment, in an excellent location, with potential to be modernised to your own tastes, please call us to book a viewing. The property is being sold with no onward chain.

Location - This property sits in a pleasant residential area just a short walk to the centre of Enfield Town with its good range of High Street and local independent shops, supermarkets, pubs, restaurants and other amenities. Enfield Town Station and Bush Hill Park station are both under a ten minute walk away and they provide regular services south to Liverpool Street and north to Hertford East. There are also excellent and regular bus services locally along the A105 London Road, with the nearest stop just a minute's walk from your front door. Bush Hill Park is a pleasant green open space and only a ten minute walk away and the highly regarded Bush Hill Park golf course is also close by.

Accommodation - From the communal gardens a path leads up to the front door into the:

Entrance Hall - 5.56m x 2.36m widest (18'3 x 7'9 widest) - Intercom panel for front door with CCTV. Alarm contol. Cloaks cupboard with wooden shelving.

Sitting/Dining Room - 7.37m x 5.31m (24'2 x 17'5 ) - Dual aspect with windows to front and back. Electric fireplace with wooden surround. TV/FM aerial point. Telephone point. Central-heating thermostat. Two radiators.

Kitchen - 3.10m x 3.10m (10'2 x 10'2) - Window to side. Kitchen units with roll-top work surfaces, sink unit and tiled splash-back. Eye-level double Neff oven. Space for fridge/freezer. Dishwasher and washing-machine. Cupboard housing Vaillant gas central-heating boiler.

Bedroom One - 3.63m x 3.10m (11'11 x 10'2) - Window to rear. Fitted wardrobes with sliding mirror doors. Radiator.

Shower Room - 2.51m x 2.18m (8'3 x 7'2) - Double shower cubicle with tiled surround. Low-level WC. Wash-hand basin. Tiled floor and walls. Extractor fan.

Bedroom Two - 3.10m x 2.95m (10'2 x 9'8) - Window to rear. Wardrobe with sliding mirror doors. Telephone point. Radiator.

Outside - The apartments have communal gardens to the front and two communal parking areas.

Services And Other Information - Mains water, drainage, gas and electricity. Gas central-heating. Double-glazed windows. Leasehold (999 years from 25.9.2006 - circa 981 years remaining). Service Charge: c.£1,500 per annum. No Ground Rent.

Agent Details

Big Black Hen.com, Hertfordshire

01992 662286

Next Steps?

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