2 Bed Flat, Single Let, Enfield, EN1 1PL, £340,000

25 Silver Street, Enfield Town, Middlesex, EN1 3EF - 5 months ago

Sold STC

Leasehold

BTL

~68 m²

+7 photos

ValuationUndervalued

Sold Prices	£112K - £500K
Sold Prices/m²	£3.3K/m² - £8K/m²

Square Metres	~68.11 m²
Price/m²	£5K/m²
Value Estimate	£362,090£362,090
BMV	6%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£85,000£85,000
Stamp Duty & Legal Fees	£15,900£15,900
Total Cash In	£100,900£100,900

Cash Out
Rent Range	£1,400 - £2,450£1,400 - £2,450
Rent Estimate	£1,400
Running Costs/mo	£1,363£1,363
Cashflow/mo	£38£38
Cashflow/yr	£450£450
ROI	0%0%
Gross Yield	5%5%

Local Sold Prices

50 sold prices from £112K to £500K, average is £337.5K. £3.3K/m² to £8K/m², average is £5.4K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£325K	01/23	0.06 mi	15, Stanley Road, Enfield, Greater London EN1 1NG	£4,851	67	2	Flat
£365K	11/21	0.08 mi	27, Queens Road, Enfield, Greater London EN1 1NF	£5,794	63	2	Flat
£315K	10/20	0.11 mi	14b, Ladysmith Road, Enfield, Greater London EN1 3AA	-	-	2	Flat
£295K	12/20	0.14 mi	2a, Eaton Road, Enfield, Greater London EN1 1NA	£5,268	56	2	Flat
£315K	10/22	0.15 mi	45, Eaton Road, Enfield, Greater London EN1 1NJ	£5,164	61	2	Flat
£305K	05/21	0.16 mi	61, Eaton Road, Enfield, Greater London EN1 1NJ	£5,638	54	2	Flat
£460K	08/23	0.16 mi	18, Falmer Road, Enfield, Greater London EN1 1PY	£5,819	79	2	Flat
£276K	07/23	0.17 mi	95, Beresford Gardens, Enfield, Greater London EN1 1NP	£5,409	51	2	Flat
£384K	03/21	0.18 mi	80a, Cecil Avenue, Enfield, Greater London EN1 1PP	£5,408	71	2	Flat
£350K	06/21	0.22 mi	35, Beresford Gardens, Enfield, Greater London EN1 1NN	£5,469	64	2	Flat
£350K	06/23	0.26 mi	12, Calder Close, Enfield, Greater London EN1 3TS	-	-	2	Flat
£350K	04/21	0.27 mi	49a, Chalkwell Park Avenue, Enfield, Greater London EN1 2AN	£6,604	53	2	Flat
£500K	12/20	0.29 mi	14, Riversfield Road, Enfield, Greater London EN1 3DJ	-	-	2	Flat
£263K	05/23	0.32 mi	4, Camberley Avenue, Enfield, Greater London EN1 2AR	-	-	2	Flat
£300K	06/21	0.34 mi	91, Cobham Close, Enfield, Greater London EN1 3SD	£4,839	62	2	Flat
£272K	02/21	0.34 mi	29, Cobham Close, Enfield, Greater London EN1 3SD	£4,459	61	2	Flat
£375K	05/21	0.35 mi	41, St Andrews Road, Enfield, Greater London EN1 3UA	£4,464	84	2	Flat
£315K	10/21	0.35 mi	23, Cobham Close, Enfield, Greater London EN1 3SD	£5,431	58	2	Flat
£340K	07/23	0.37 mi	235, Southbury Road, Enfield, Greater London EN1 1QZ	£7,083	48	2	Flat
£385K	12/20	0.5 mi	Flat 22, Austin Court, Village Road, Enfield, Greater London EN1 2DY	-	-	2	Flat
£365K	02/21	0.5 mi	Flat 2, Austin Court, Village Road, Enfield, Greater London EN1 2DY	-	-	2	Flat
£250K	06/21	0.5 mi	44, Roman Way, Enfield, Greater London EN1 1EQ	£3,333	75	2	Flat
£332.5K	11/21	0.53 mi	Flat 13, Chapel Court, St Marks Road, Enfield, Greater London EN1 1DT	-	-	2	Flat
£340K	08/21	0.54 mi	35b, St Marks Road, Enfield, Greater London EN1 1BG	-	-	2	Flat
£300K	02/21	0.54 mi	First Floor Maisonette, 281, Great Cambridge Road, Enfield, Greater London EN1 1SQ	-	-	2	Flat
£335K	04/21	0.54 mi	8a, Graeme Road, Enfield, Greater London EN1 3UX	-	-	2	Flat
£348K	12/22	0.57 mi	110a, Baker Street, Enfield, Greater London EN1 3EZ	£4,960	70	2	Flat
£325K	10/20	0.59 mi	Flat 13, Chapel Court, St Marks Road, Enfield, Greater London EN1 1DT	-	-	2	Flat
£420K	06/21	0.59 mi	30a, Little Park Gardens, Enfield, Greater London EN2 6PG	£6,269	67	2	Flat
£307.5K	04/21	0.63 mi	52, Pevensey Avenue, Enfield, Greater London EN1 3HT	£4,960	62	2	Flat
£352.5K	11/22	0.64 mi	Flat 14, Cheviot Court, Cheviot Close, Enfield, Greater London EN1 3UY	-	-	2	Flat
£365K	03/23	0.64 mi	Flat 27, Cheviot Court, Cheviot Close, Enfield, Greater London EN1 3UY	-	-	2	Flat
£360K	11/22	0.64 mi	105, Uvedale Road, Enfield, Greater London EN2 6HD	£4,932	73	2	Flat
£350K	10/22	0.65 mi	Flat 20, Cheviot Court, Cheviot Close, Enfield, Greater London EN1 3UY	-	-	2	Flat
£348K	02/23	0.66 mi	11, Mortimer Drive, Enfield, Greater London EN1 2LH	-	-	2	Flat
£341K	04/21	0.67 mi	116, Gordon Road, Enfield, Greater London EN2 0QB	£8,025	42	2	Flat
£341K	04/21	0.67 mi	116, Gordon Road, Enfield, Greater London EN2 0QB	£8,025	42	2	Flat
£300K	04/21	0.67 mi	171, Gordon Road, Enfield, Greater London EN2 0QB	£4,545	66	2	Flat
£297.5K	02/21	0.67 mi	33, Winchester Close, Enfield, Greater London EN1 2ES	£4,020	74	2	Flat
£475K	09/23	0.7 mi	Flat 6, Brooklands Court, Bush Hill, London, Greater London N21 2BZ	-	-	2	Flat
£295K	06/21	0.71 mi	11, Weston Road, Enfield, Greater London EN2 0QD	-	-	2	Flat
£320K	12/20	0.71 mi	2, Weston Road, Enfield, Greater London EN2 0QD	£6,154	52	2	Flat
£297K	03/21	0.71 mi	13, Weston Road, Enfield, Greater London EN2 0QD	£6,907	43	2	Flat
£313K	03/21	0.72 mi	7, Lingfield Close, Enfield, Greater London EN1 2JL	£5,305	59	2	Flat
£293K	03/23	0.72 mi	10, Lingfield Close, Enfield, Greater London EN1 2JL	£5,327	55	2	Flat
£260K	06/21	0.73 mi	Flat 7, Constable House, Ayley Croft, Enfield, Greater London EN1 1XX	-	-	2	Flat
£412.5K	01/21	0.74 mi	4, Windmill Hill, Enfield, Greater London EN2 6SA	-	-	2	Flat
£112K	01/23	0.75 mi	70, Parsonage Lane, Enfield, Greater London EN2 0AH	-	-	2	Flat
£345K	05/21	0.75 mi	2, Adamsrill Close, Enfield, Greater London EN1 2BP	£5,149	67	2	Flat
£375K	02/23	0.75 mi	20, Adamsrill Close, Enfield, Greater London EN1 2BP	£6,215	60	2	Flat

Local Rents

50 rents from £1.4K/mo to £2.5K/mo, average is £1.8K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,500	03/24	0.07 mi	Sketty Road, Enfield, EN1	2	Flat
£1,500	03/24	0.07 mi	Sketty Road, Enfield, EN1	2	Flat
£1,400	03/24	0.07 mi	Sketty Road, Enfield, EN1	2	Flat
£1,400	03/24	0.07 mi	Sketty Road, Enfield, EN1	2	Flat
£1,600	03/24	0.16 mi	-	2	Flat
£1,650	05/24	0.2 mi	Beresford Gardens, Enfield, EN1	2	Flat
£1,550	12/24	0.23 mi	-	2	Flat
£1,950	03/24	0.25 mi	Downs Road, ENFIELD	2	Flat
£1,750	03/25	0.27 mi	-	2	Flat
£1,850	02/25	0.28 mi	-	2	Flat
£1,750	03/24	0.29 mi	Colman Parade, Southbury Road, Enfield, EN1	2	Flat
£1,750	05/24	0.29 mi	Colman Parade, Southbury Road, Enfield, EN1	2	Flat
£1,850	02/25	0.31 mi	-	2	Flat
£1,850	04/24	0.31 mi	Percival Road, Enfield, London EN1	2	Terraced House
£2,000	03/24	0.31 mi	Percival Road, Enfield, EN1	2	Terraced House
£1,550	03/24	0.32 mi	Woodfield Close, EN1	2	Flat
£1,600	03/24	0.34 mi	Genotin Road, Enfield Town	2	Flat
£1,750	03/24	0.34 mi	Genotin Terrace, Enfield	2	Flat
£1,750	03/25	0.35 mi	-	2	Flat
£1,675	04/24	0.36 mi	Genotin Terrace, Enfield	2	Flat
£1,750	03/24	0.38 mi	Tower Point, Sydney Road, Enfield	2	Flat
£1,800	04/24	0.42 mi	London Road, London, EN2	2	Flat
£2,062	04/24	0.43 mi	Village Road, Bush Hill Park, Enfield, EN1	2	Flat
£1,900	03/24	0.43 mi	Bertram Road, Enfield	2	Terraced House
£1,825	03/24	0.43 mi	Redwood House, Enfield, EN2	2	Flat
£1,600	04/24	0.44 mi	69 London Road, Enfield	2	Flat
£2,100	03/24	0.44 mi	Sydney Road, Enfield Town, EN2	2	Flat
£1,750	03/24	0.44 mi	Tower Point, Sydney Road, EN2	2	Flat
£2,450	04/24	0.44 mi	Tower Point, 52 Sydney Road, Enfield, London, EN2	2	Flat
£1,600	04/24	0.44 mi	Tower Point, EN2	2	Flat
£1,600	05/24	0.44 mi	Tower Point, EN2	2	Flat
£1,500	03/25	0.44 mi	-	2	Flat
£1,750	03/24	0.44 mi	Sydney Road, London, EN2	2	Flat
£1,800	12/24	0.44 mi	-	2	Flat
£1,800	02/24	0.44 mi	-	2	Flat
£1,800	12/24	0.44 mi	-	2	Flat
£2,000	02/24	0.44 mi	-	2	Flat
£1,850	03/25	0.45 mi	-	2	Flat
£1,750	03/25	0.45 mi	-	2	Flat
£2,200	05/24	0.47 mi	-	2	Terraced House
£1,650	04/24	0.49 mi	Church Street, Enfield Town EN2	2	Flat
£1,600	02/24	0.49 mi	-	2	Flat
£2,000	04/24	0.49 mi	Burleigh Way, Enfield	2	Flat
£1,900	04/24	0.49 mi	Burleigh Way, Enfield, EN2	2	Flat
£2,000	03/24	0.5 mi	Burleigh Way, Enfield, EN2	2	Flat
£2,000	04/24	0.5 mi	Burleigh Way, Enfield	2	Flat
£1,900	05/24	0.5 mi	Burleigh Way, Enfield, EN2	2	Flat
£2,000	04/24	0.5 mi	-	2	Flat
£1,898	04/24	0.5 mi	Burleigh Way, Enfield, EN2	2	Flat
£1,900	02/25	0.52 mi	-	2	Flat

Local Area Statistics

Population in EN1	45,67145,671
Population in Enfield	130,248130,248
Town centre distance	1.11 miles away1.11 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.32 miles away0.32 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+5%+5%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+18%+18%

Property History

Listed for £340,000

November 6, 2024

Floor Plans

Description

Two Bedroom Ground Floor Apartment +
Gated Development +
Allocated Parking Space +
Well Presented Throughout +
Walking Distance of Enfield Town Mainline Station & Shopping Centre +
53 Square Metres of Living Space +
107 Years Remaining on the Lease +

Kings Group - Enfield Town are pleased to offer this TWO BEDROOM GROUND FLOOR APARTMENT, located in a private gated development which is walking distance of Enfield Town Overground Station which offers fast links into London Liverpool Street with connections to the Victoria Line (underground) at Seven Sisters. Local shops and amenities including Enfield's Retail Parks are located nearby along with easy access to the A10 / M25 both of which offer good road links to the surrounding areas. The accommodation comprises lounge, fitted kitchen, two bedrooms, bathroom. The property further benefits from having communal gardens, allocated gated parking and bike shed. Internal viewing is recommended - call to book an appointment.

Hallway - Two storage cupboard, double radiator, laminate flooring, smoke alarm & power points.

Bathroom - 2.67m x 1.98m (8'9" x 6'6) - Tiled splash back walls, double radiator, lino flooring, extractor fan, panel enclosed bath with shower, pedestal wash basin with mixer tap, low level W.C. & shaver point.

Living Room - 5.23m x 3.30m (17'2 x 10'10) - Double glazed windows at the front, two double radiators, laminate flooring, phone point, TV aerial point, power points, double glazed door leading to the garden.

Kitchen - 3.56m x 1.80m (11'8 x 5'11) - Lino flooring, wall unit with roll top, integrated cooker, electric oven with electric hobs, integrated chimney style extractor hood, drainer unit sink, power points, space for fridge freezer, integrated washing machine & dishwasher.

Bedroom 1 - 4.47m x 2.62m (14'8 x 8'7) - Double glazed windows at the front, double radiator, carpeted flooring, TV aerial point & power points.

Bedroom 2 - 3.40m x 2.01m (11'2 x 6'7) - Double glazed windows at the front, double radiator, carpeted flooring & power points.

Agent Details

Kings Group, Enfield Town

020 3869 0917

Next Steps?

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

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