2 Bed Flat, Single Let, London, N12 0AL, £400,000

Glebelands Close, North Finchley, London, N12 0AL - 6 months ago

Leasehold

BTL

~78 m²

+4 photos

ValuationUndervalued

Sold Prices	£237.4K - £575K
Sold Prices/m²	£3.3K/m² - £9.5K/m²

Square Metres	~77.70 m²
Price/m²	£5.1K/m²
Value Estimate	£483,792£483,792
BMV	21%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£100,000£100,000
Stamp Duty & Legal Fees	£28,700£28,700
Total Cash In	£128,700£128,700

Cash Out
Rent Range	£1,600 - £3,000£1,600 - £3,000
Rent Estimate	£1,600
Running Costs/mo	£1,590£1,590
Cashflow/mo	£10£10
Cashflow/yr	£120£120
ROI	0%0%
Gross Yield	5%5%

Local Sold Prices

50 sold prices from £237.4K to £575K, average is £382.5K. £3.3K/m² to £9.5K/m², average is £6.2K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£321K	04/23	0.01 mi	71, Glebelands Close, London, Greater London N12 0AH	£5,441	59	2	Flat
£380K	05/21	0.01 mi	114, Glebelands Close, London, Greater London N12 0AN	£5,672	67	2	Flat
£300K	03/23	0.01 mi	102, Glebelands Close, London, Greater London N12 0AN	£4,545	66	2	Flat
£350K	03/23	0.01 mi	128, Glebelands Close, London, Greater London N12 0AN	£5,303	66	2	Flat
£360K	06/21	0.02 mi	111, Glebelands Close, London, Greater London N12 0AN	£5,538	65	2	Flat
£318K	04/21	0.09 mi	Flat 7, North Gates, High Road, London, Greater London N12 0AR	-	-	2	Flat
£265K	10/22	0.12 mi	142, Old Farm Road, London, Greater London N2 9RQ	£3,272	81	2	Flat
£330K	06/21	0.12 mi	158, Old Farm Road, London, Greater London N2 9RQ	£4,177	79	2	Flat
£416.5K	02/23	0.16 mi	Ground Floor Flat, 17, Squires Lane, London, Greater London N3 2AN	£9,256	45	2	Flat
£360K	04/21	0.28 mi	61, Bow Lane, London, Greater London N12 0JL	-	-	2	Flat
£535K	05/23	0.3 mi	22, Woodlands Avenue, London, Greater London N3 2NR	£9,386	57	2	Flat
£440K	03/21	0.33 mi	7a, Woodlands Avenue, London, Greater London N3 2NS	-	-	2	Flat
£489K	12/20	0.33 mi	11, Woodlands Avenue, London, Greater London N3 2NS	-	-	2	Flat
£327.5K	06/21	0.38 mi	597a, High Road, London, Greater London N12 0DY	£5,712	57	2	Flat
£385K	01/23	0.39 mi	165, Squires Lane, London, Greater London N3 2AA	-	-	2	Flat
£485K	10/23	0.42 mi	27b, Granville Road, London, Greater London N12 0HP	£7,647	63	2	Flat
£355K	06/21	0.43 mi	8, Simms Gardens, London, Greater London N2 8HT	£5,547	64	2	Flat
£332.5K	03/23	0.44 mi	21, Simms Gardens, London, Greater London N2 8HT	£6,638	50	2	Flat
£330K	03/21	0.44 mi	7, Simms Gardens, London, Greater London N2 8HT	£6,226	53	2	Flat
£472K	12/22	0.45 mi	Flat 21, Etchingham Court, Etchingham Park Road, London, Greater London N3 2EA	-	-	2	Flat
£490K	06/21	0.45 mi	Flat A, 3, Etchingham Park Road, London, Greater London N3 2DU	£7,758	63	2	Flat
£390K	05/21	0.46 mi	55, Long Lane, London, Greater London N3 2HY	£5,065	77	2	Flat
£515K	06/21	0.46 mi	95a, Long Lane, London, Greater London N3 2HY	£6,719	77	2	Flat
£380K	05/23	0.46 mi	83a, Long Lane, London, Greater London N3 2HY	-	-	2	Flat
£335K	03/21	0.46 mi	23, Simms Gardens, London, Greater London N2 8HT	£8,816	38	2	Flat
£308K	08/23	0.46 mi	170d, Long Lane, London, Greater London N3 2RA	-	-	2	Flat
£500K	11/22	0.52 mi	2, Woodberry Gardens, London, Greater London N12 0HD	£8,197	61	2	Flat
£273.8K	03/21	0.52 mi	Flat 5, Spencer Court, Granville Road, London, Greater London N12 0HN	-	-	2	Flat
£320K	12/20	0.53 mi	Flat 16, Colman Court, Christchurch Avenue, London, Greater London N12 0DT	-	-	2	Flat
£350K	11/23	0.53 mi	Flat 9, Colman Court, Christchurch Avenue, London, Greater London N12 0DT	-	-	2	Flat
£440K	11/20	0.55 mi	190a, Squires Lane, London, Greater London N3 2QT	£6,769	65	2	Flat
£470K	11/20	0.55 mi	196, Squires Lane, London, Greater London N3 2QT	£7,705	61	2	Flat
£340K	01/24	0.55 mi	626, High Road, London, Greater London N12 0NU	£6,410	53	2	Flat
£347K	10/20	0.56 mi	214c, Ballards Lane, London, Greater London N3 2LX	£5,422	64	2	Flat
£425K	07/23	0.57 mi	Flat 11, Netherwood, High Road, London, Greater London N2 8HH	-	-	2	Flat
£435K	06/21	0.58 mi	335a, Long Lane, London, Greater London N2 8JW	-	-	2	Flat
£368.1K	11/21	0.58 mi	261b, Ballards Lane, London, Greater London N3 1NG	£6,347	58	2	Flat
£454K	10/22	0.6 mi	Flat 33, Finchley Court, Ballards Lane, Finchley, London, Greater London N3 1NH	-	-	2	Flat
£237.4K	01/23	0.61 mi	Flat 5, The Fountains, Ballards Lane, Finchley, London, Greater London N3 1NL	-	-	2	Flat
£331K	11/23	0.61 mi	Flat 6, Garden Lodge Court, Church Lane, London, Greater London N2 8DU	-	-	2	Flat
£415K	09/23	0.62 mi	18, Burnbrae Close, London, Greater London N12 8PH	£6,103	68	2	Flat
£390K	11/20	0.62 mi	18, Burnbrae Close, London, Greater London N12 8PH	£5,735	68	2	Flat
£330K	09/23	0.62 mi	33a, Woodhouse Road, London, Greater London N12 9ET	-	-	2	Flat
£423K	07/23	0.62 mi	Flat 76, Finchley Court, Ballards Lane, Finchley, London, Greater London N3 1NJ	-	-	2	Flat
£462.5K	04/21	0.62 mi	16a, Rosemont Avenue, London, Greater London N12 0BX	£5,640	82	2	Flat
£500K	03/21	0.63 mi	389, Long Lane, London, Greater London N2 8JN	£9,535	52	2	Flat
£412.5K	02/21	0.64 mi	Flat 1, Finchley Court, Ballards Lane, Finchley, London, Greater London N3 1NH	-	-	2	Flat
£575K	12/22	0.65 mi	10, Rosemary Avenue, London, Greater London N3 2QN	£9,274	62	2	Flat
£400K	03/21	0.65 mi	14a, Brownlow Road, London, Greater London N3 1NA	£6,452	62	2	Flat
£475K	12/20	0.66 mi	21a, Grove Road, London, Greater London N12 9EB	£5,398	88	2	Flat

Local Rents

50 rents from £1.6K/mo to £3K/mo, average is £1.9K/mo.

Rent	Date	Distance	Address	Beds	Type
£2,150	03/25	0.01 mi	-	2	Flat
£2,050	05/24	0.01 mi	Glebelands Close, North Finchley, London, N12	2	Flat
£2,200	05/24	0.01 mi	-	2	Flat
£2,050	04/25	0.01 mi	-	2	Flat
£1,700	02/24	0.02 mi	-	2	Flat
£1,700	06/24	0.1 mi	High Road, North Finchley, N12	2	Flat
£1,800	05/24	0.13 mi	Connections House, Glebe Road, London	2	Flat
£1,900	02/25	0.13 mi	-	2	Flat
£2,050	06/24	0.15 mi	High Road, London, N2	2	Flat
£2,050	12/24	0.16 mi	-	2	Flat
£2,100	04/25	0.17 mi	-	2	Flat
£1,800	05/24	0.17 mi	Connections House, Glebe Road, Finchley, London, N3	2	Flat
£1,850	07/24	0.18 mi	Glebe Road, Finchley	2	Flat
£1,900	12/24	0.2 mi	Granville Place, Finchley, London, N12	2	Flat
£1,600	05/24	0.2 mi	Granville Place, High Road, North Finchley, London, N12	2	Flat
£1,700	06/24	0.2 mi	High Road, North Finchley, N12	2	Flat
£1,900	06/24	0.2 mi	High Road	2	Flat
£1,775	12/24	0.21 mi	-	2	Flat
£2,100	12/24	0.23 mi	Lankaster Gardens, East Finchley, N2	2	Flat
£2,050	06/24	0.27 mi	-	2	Flat
£2,050	06/24	0.27 mi	High Road, London, N2	2	Flat
£2,000	08/24	0.27 mi	Queens Avenue, Finchley, N3	2	Flat
£2,000	08/24	0.27 mi	Queens Avenue, London	2	Flat
£1,650	02/25	0.28 mi	-	2	Flat
£2,000	07/24	0.28 mi	Queens Avenue, Finchley, London, N3	2	Flat
£1,900	06/24	0.31 mi	-	2	Flat
£1,900	06/24	0.31 mi	High Road, London, N2	2	Flat
£1,650	05/24	0.32 mi	Squires Court, Abingdon Road, London, N3	2	Flat
£1,995	01/25	0.36 mi	-	2	Flat
£2,000	05/24	0.36 mi	Squires Lane, London, N3	2	Flat
£1,950	05/24	0.37 mi	High Road, North Finchley, London, N12	2	Flat
£1,800	02/24	0.37 mi	Squires Lane, Finchley, London, N3	2	Flat
£1,600	12/24	0.39 mi	Chislehurst Avenue, North Finchley, London, N12	2	Flat
£1,650	06/24	0.41 mi	Long Lane, Finchley	2	Flat
£1,600	06/24	0.42 mi	Long Lane, Finchley	2	Flat
£1,800	04/25	0.43 mi	-	2	Flat
£1,700	05/24	0.43 mi	Etchingham Court, Etchingham Park Road, Finchley, N3	2	Flat
£1,700	06/24	0.43 mi	Etchingham Court, Etchingham Park Road, Finchley, N3	2	Flat
£1,850	06/24	0.43 mi	Etchingham Park Road London N3	2	Flat
£1,975	05/24	0.44 mi	-	2	Flat
£1,800	05/24	0.44 mi	Simms Gardens, East Finchley, N2	2	Flat
£1,800	12/24	0.44 mi	-	2	Flat
£1,700	12/24	0.44 mi	-	2	Flat
£2,000	05/24	0.44 mi	Etchingham Court, Finchley Central, N3	2	Flat
£2,500	05/24	0.44 mi	-	2	Flat
£1,995	06/24	0.45 mi	Etchingham Court, Etchingham Park Road, Finchley	2	Flat
£3,000	09/24	0.45 mi	Squires Lane, Finchley, London, N3	2	Flat
£1,650	05/24	0.45 mi	Woodgrange Avenue	2	Flat
£1,820	06/24	0.46 mi	-	2	Flat
£1,820	06/24	0.46 mi	Crathorne House, London, N2	2	Flat

Local Area Statistics

Population in N12	28,74128,741
Population in London	4,771,9214,771,921
Town centre distance	5.94 miles away5.94 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	0.80 miles away0.80 miles away

Rental demand	Balanced marketBalanced market
Rental growth (12m)	+12%+12%
Sales demand	Buyer's marketBuyer's market
Capital growth (5yrs)	+15%+15%

Property History

Price changed to £400,000

March 8, 2025

Listed for £425,000

November 6, 2024

Floor Plans

Description

Superb 2 bedroom flat +
Sought-after gated development +
Moments from Finchley Lido +
Reception room with open-plan kitchen +
En suite main bedroom +
Well-proportioned second bedroom +
Private balcony +

This excellent 2 bedroom 2 bathroom flat in North Finchley boasts open-plan living space with a private balcony (also accessed via the bedroom). Boasting lift access and a convenient location next to Finchley Lido.

The property is well-placed for the amenities in Finchley Lido (Great North Leisure Park) including restaurants, a cinema and David Lloyd Health Club.

Please use the reference CHPK2739967 when contacting Foxtons.

Agent Details

Foxtons, North Finchley

020 3909 9684

Next Steps?

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

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