2 Bed Flat, Single Let, Enfield, EN1 4EJ, £260,000

Maltby Drive, Enfield, Middlesex, EN1 4EJ - 2 views - 5 months ago

Under Offer
BTL
ROI: 5%
~68 m²
+7 photos

ValuationUndervalued

Sold Prices£135K - £342K
Sold Prices/m²£3.6K/m² - £7.7K/m²

 

 

Square Metres

~68.11 m²
Price/m²£3.8K/m²

Value Estimate

£322,400
BMV24%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£65,000

Stamp Duty & Legal Fees

£9,500

Total Cash In

£74,500

 

 

Cash Out

 

Rent Range

£1,400 - £1,900

Rent Estimate

£1,400

Running Costs/mo

£1,113

Cashflow/mo

£288

Cashflow/yr

£3,450

ROI

5%

Gross Yield

6%

Local Sold Prices

40 sold prices from £135K to £342K, average is £280K. £3.6K/m² to £7.7K/m², average is £5K/m².

PriceDateDistanceAddressBeds 
£267.5K08/210.07 mi140, Maltby Drive, Enfield, Greater London EN1 4EW2
£220K03/230.1 mi259, Maltby Drive, Enfield, Greater London EN1 4ES2
£300K02/210.25 mi48, Severn Drive, Enfield, Greater London EN1 4LY2
£217.5K04/210.37 mi216, Magpie Close, Enfield, Greater London EN1 4JG2
£275K11/200.44 mi458, Hertford Road, Enfield, Greater London EN3 5QH2
£257K03/230.49 mi80, Orton Grove, Enfield, Greater London EN1 4UY2
£341K05/210.49 mi13a, Turkey Street, Enfield, Greater London EN3 5TT2
£257K06/230.5 mi55, Stainton Road, Enfield, Greater London EN3 5JP2
£275K03/210.51 mi20, Riley Road, Enfield, Greater London EN3 5QB2
£275K03/210.51 mi1, Linwood Crescent, Enfield, Greater London EN1 4UP2
£272K04/210.51 mi107, Linwood Crescent, Enfield, Greater London EN1 4UP2
£270K04/210.51 mi17, Orton Grove, Enfield, Greater London EN1 4UE2
£290K11/220.51 mi24, Orton Grove, Enfield, Greater London EN1 4UE2
£135K11/220.52 mi46, Stainton Road, Enfield, Greater London EN3 5JS2
£322K01/230.53 mi10, Bridge Close, Enfield, Greater London EN1 4LH2
£317.5K07/210.59 mi15, Bridgenhall Road, Enfield, Greater London EN1 4AZ2
£245K05/210.6 mi36, Russell Road, Enfield, Greater London EN1 4TW2
£300K12/200.61 mi335, Carterhatch Lane, Enfield, Greater London EN1 4AW2
£320K03/210.7 mi60, Myddelton Avenue, Enfield, Greater London EN1 4AG2
£322.5K04/210.7 mi78, Myddelton Avenue, Enfield, Greater London EN1 4AG2
£325K06/210.7 mi80, Myddelton Avenue, Enfield, Greater London EN1 4AG2
£300K12/200.7 mi74, Myddelton Avenue, Enfield, Greater London EN1 4AG2
£340K04/210.71 mi3, Myddelton Close, Enfield, Greater London EN1 4AJ2
£255K03/230.73 mi43a, Ordnance Road, Enfield, Greater London EN3 6UT2
£280K11/200.73 mi36, Myddelton Avenue, Enfield, Greater London EN1 4AF2
£260K02/210.74 mi9, Cuba Drive, Enfield, Greater London EN3 5BB2
£260K02/210.75 mi44, Glenloch Road, Enfield, Greater London EN3 7HN2
£185K08/230.75 mi42, Glenloch Road, Enfield, Greater London EN3 7HN2
£290K10/220.76 mi79, Glenloch Road, Enfield, Greater London EN3 7HL2
£324.5K11/200.76 mi37, Myddelton Avenue, Enfield, Greater London EN1 4AQ2
£332K07/230.76 mi39, Myddelton Avenue, Enfield, Greater London EN1 4AQ2
£340K02/210.77 mi59, Bicknoller Road, Enfield, Greater London EN1 3NW2
£342K03/210.8 mi76, Inverness Avenue, Enfield, Greater London EN1 3NU2
£280K09/210.83 mi50, Westmoor Road, Enfield, Greater London EN3 7LF2
£292.5K05/210.83 mi68, Green Street, Enfield, Greater London EN3 7HP2
£242.5K04/230.88 mi2c, Putney Road, Enfield, Greater London EN3 6NJ2
£250K03/230.95 mi126b, Ordnance Road, Enfield, Greater London EN3 6BU2
£250K12/220.95 mi120b, Ordnance Road, Enfield, Greater London EN3 6BU2
£285K01/210.97 mi167, Ordnance Road, Enfield, Greater London EN3 6AD2
£300K04/230.99 mi40a, Allandale Road, Enfield, Greater London EN3 6SB2

Local Rents

27 rents from £1.4K/mo to £1.9K/mo, average is £1.6K/mo.

RentDateDistanceAddressBeds 
£1,50002/240.04 mi-2
£1,50011/240.07 mi-2
£1,85002/250.08 mi-2
£1,75002/250.1 mi-2
£1,80002/250.24 mi-2
£1,60003/240.25 mi-2
£1,90004/240.39 miHoe Lane, Enfield, London, EN32
£1,60004/240.42 miHertford Road, Enfield2
£1,60003/240.44 miHoecroft Court, Hoe Lane, Enfield2
£1,85003/240.45 miMelling Drive, Enfield, EN12
£1,55001/240.46 mi-2
£1,75003/240.47 miMelling Drive2
£1,45010/230.47 miLinwood Crescent, Enfield, Middlesex, EN12
£1,70003/250.47 mi-2
£1,75003/250.47 mi-2
£1,80004/240.49 mi-2
£1,40004/240.49 mi-2
£1,40004/240.49 mi463-465 Hertford Road, Enfield, Greater London, EN32
£1,80005/240.51 mi-2
£1,50004/240.53 miBridge Close, Enfield, Middlesex, EN12
£1,60003/240.54 miStainton Road, Enfield, EN32
£1,65005/240.55 mi-2
£1,65003/250.55 mi-2
£1,65003/240.57 miEnfield, London, EN12
£1,65003/240.57 mi-2
£1,50004/240.57 miSherbourne Avenue, Enfield2
£1,50005/240.57 miSherbourne Avenue, Enfield2

Local Area Statistics

Population in EN1

45,671

Population in Enfield

130,248

Town centre distance

2.24 miles away

Nearest school

0.30 miles away

Nearest train station

0.48 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+5%

Sales demand

Balanced market

Capital growth (5yrs)

+18%

Property History

Listed for £260,000

November 12, 2024

Floor Plans

Description

  • Offered Chain Free +
  • A Well Presented, Two Bedroom, First Floor Apartment +
  • Reception Hall With Built In Storage Cupboard +
  • Spacious Sitting/Dining Room +
  • Good Size Kitchen With White Goods +
  • Principal Bedroom With Walk In Wardrobe +
  • Second Bedroom. Family Bathroom +
  • Double Glazed Windows. Electric Heating. Pressurised Hot Water System +
  • Lawned Communal Gardens +
  • Allocated Parking +

Offered chain free, this well presented, two bedroom, first floor apartment, forms part of the sought after development with views over Hoe Green Park and benefits from a fitted kitchen with white goods, double glazed uPVC windows and pressurised hot water system, together with allocated parking and the use of well maintained communal gardens.

Located within this sought area, the apartment is perfect for the commuter with the M25 and A10 only minutes' drive away, Turkey Street British Rail Station and local bus routes are only a short walk (0.4 of a miles), whilst a wide variety of local shops are also close to hand and amply cater for day to day requirements.

SUMMARY OF ACCOMMODATION

*RECEPTION HALL WITH BUILT-IN STORAGE CUPBOARD*
*SPACIOUS SITTING/DINING ROOM*
*GOOD SIZE KITCHEN WITH WHITE GOODS*
*PRINCIPAL BEDROOM WITH WALK-IN WARDROBE*
*SECOND BEDROOM*
*FAMILY BATHROOM*
*DOUBLE GLAZED WINDOWS*
*PRESSURISED HOT WATER SYSTEM*
*ELECTRIC HEATING*
*LAWNED COMMUNAL GARDENS*
*ALLOCATED PARKING*

A covered entrance with multi pane glazed door and adjacent letter boxes affords access to:

COMMUNAL ENTRANCE HALL Courtesy lighting and staircase to all floors.

FIRST FLOOR COMMUNAL LANDING Courtesy lighting and solid timber door to:

The Apartment

RECEPTION HALL High level fuse board, entry phone system, telephone point and built-in storage cupboard. Doors to bedrooms and bathroom and glazed door with matching side window to:

SPACIOUS SITTING/DINING ROOM 18' 2 x 10'3 Enjoying views over the communal gardens and Hoe Green Park beyond. Double glazed uPVC window to rear, coved ceiling, two wall light points, dado rail, night storage heater, oak effect flooring, TV and telephone points. Door to:

GOOD SIZE KITCHEN 8'2 x 7'6 Double glazed uPVC window to rear, again enjoying views, and fitted with a range of white high gloss wall and base units with ample oak effect working surfaces and tiled splashbacks incorporating stainless steel sink drainer unit with chrome mixer tap. Range of appliances to include, washing machine, fridge, freezer and electric fan assisted double oven and grill with four ring halogen hob and illuminated extractor above.

BEDROOM ONE 11' x 8'4 Double glazed uPVC window to front, wall light point and oak effect flooring. Archway to:

WALK-IN WARDROBE 6'1 x 4'9 Wall light point, wall mounted mirror and oak effect flooring.

BEDROOM TWO 11' x 5'8 (into wardrobe) Double glazed uPVC window to front, built-in wardrobe, wall light point and oak effect flooring.

GOOD SIZE BATHROOM 7'9 x 6'8 Partly tiled with suite comprising; wash hand basin with chrome mono-bloc tap and cupboard below, low flush w.c. with hide-away cistern and panelled bath with mixer tap, shower attachment and glass screen. Extractor fan and airing cupboard housing the pressurised hot water cylinder with fitted immersion heater.

EXTERIOR

The apartment enjoys the use of well maintained communal gardens and there is allocated parking, with additional visitors parking.

COUNCIL TAX BAND. C

SHARE OF FREEHOLD
(999 years remaining)

Maintenance Charge:- Approximately £1,190.00 Per Annum TBC

Redress Scheme: - The Property Ombudsman -

VIEWING: By appointment with Owners Sole Agents -
please contact: JEAN HENNIGHAN PROPERTIES - telephone

Important Note One: To conform with the new E.C. Money Laundering Directive, purchasers are now required to provide photographic identification in the form of a passport or drivers license together with a copy of a recent utility bill. We would recommend that prospective purchasers have these documents available to save any delay, when a sale is agreed.

Important Note Two: These sales particulars have been prepared by Jean Hennighan Properties upon the instructions of the vendor(s) and do not constitute any part of a contract. Services, fittings and equipment referred to within have not been tested (unless otherwise stated) and no warranties can be given. All measurements are approximate and are for descriptive purposes only. Accordingly, the prospective purchaser(s) must make their own enquiries regarding such matters. Det2689

Agent Details

Jean Hennighan Properties, Broxbourne

01992 661902

Next Steps?

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