2 Bed Flat, Single Let, London, N17 9FH £425,000

Mill Mead Road, London, N17 9FH - a year ago
Leasehold
BTL
ROI: 2%
~68 m²
Property image

ValuationOvervalued

Sold Prices£150K - £602K
Sold Prices/m²£2.3K/m² - £13.3K/m²

 

 

Square Metres

~68.11 m²
Price/m²£6.2K/m²

Value Estimate

£414,959

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£106,250

Stamp Duty & Legal Fees

£22,700

Total Cash In

£128,950

 

 

Cash Out

 

Rent Range

£1,850 - £4,000

Rent Estimate

£2,000

Running Costs/mo

£1,748

Cashflow/mo

£252

Cashflow/yr

£3,023

ROI

2%

Gross Yield

6%

Local Sold Prices

50 sold prices from £150K to £602K, average is £400K. £2.3K/m² to £13.3K/m², average is £6.5K/m².

Price
Date
Distance
Address
Beds
 
£400K05/230.02 miFlat 51, Kingfisher Heights, Waterside Way, London, Greater London N17 9GL2
£445K03/250.03 miFlat 1, Lapwing Heights, Waterside Way, Tottenham, London N17 9GP2
£470K02/250.06 miMerlin Heights, Flat 23, Waterside Way, Tottenham, London N17 9GD2
£440K01/230.06 miFlat 15, Merlin Heights, Waterside Way, London, Greater London N17 9GD2
£428K05/230.06 miFlat 16, Merlin Heights, Waterside Way, London, Greater London N17 9GD2
£425K02/250.08 miCrane Heights, Flat 24, Waterside Way, Tottenham, London N17 9GE2
£430K03/250.08 miFlat 56, Crane Heights, Waterside Way, Tottenham, London N17 9GE2
£440K03/250.08 miFlat 6, Crane Heights, Waterside Way, Tottenham, London N17 9GE2
£150K05/250.1 miFlat 93, Coppermill Heights, Mill Mead Road, Tottenham, London N17 9FH2
£150K05/250.1 miFlat 93, Coppermill Heights, Mill Mead Road, Tottenham, London N17 9FH2
£580K01/250.14 miHale Works Apartments, Flat 56, Daneland Walk, Tottenham, London N17 9GW2
£602K03/250.14 miFlat 126, Hale Works Apartments, Daneland Walk, Tottenham, London N17 9GZ2
£402K02/230.16 mi12, Reedham Close, London, Greater London N17 9PT2
£345K11/220.16 miFlat 10, Thistle Court, Bream Close, London, Greater London N17 9BP2
£417.5K03/250.17 mi8, Reedham Close, Tottenham, London N17 9PT2
£338.5K06/230.18 mi198, Bream Close, London, Greater London N17 9DW2
£350K12/210.21 mi187, Bream Close, London, Greater London N17 9DJ2
£385K06/210.26 mi207, Reedham Close, London, Greater London N17 9PZ2
£425K08/250.37 mi76, Armadale Close, Tottenham, London N17 9PL2
£386K03/230.41 mi24, Armadale Close, London, Greater London N17 9PJ2
£160K10/240.42 mi143 Lea Court, 5, Broad Lane, Tottenham, London N15 4QH2
£400K11/240.43 mi84, Tynemouth Road, Tottenham, London N15 4AX2
£350K02/230.48 mi20, Kessock Close, London, Greater London N17 9PN2
£468K03/250.51 mi34, Tynemouth Road, Tottenham, London N15 4AX2
£341K01/230.53 mi21, Chesnut Grove, London, Greater London N17 9ET2
£400K09/240.56 mi320b Mulberry House, 12, High Road, Tottenham, London N15 4BN2
£335K06/210.56 mi157, Shelbourne Road, London, Greater London N17 9YD2
£326K06/210.56 mi161a, Shelbourne Road, London, Greater London N17 9YD2
£179K12/210.57 mi5, Reed Road, London, Greater London N17 9BU2
£555K02/250.6 mi5, Flat 4, Champness Close, London E17 6ZA2
£440K01/250.61 mi5, Copperfield Drive, Tottenham, London N15 4UF2
£325K05/250.61 mi18, Lauriston Apartments, Ambleside Close, Tottenham, London N17 6FF2
£325K05/250.61 mi18, Lauriston Apartments, Ambleside Close, Tottenham, London N17 6FF2
£272K03/230.63 mi2, Newton Road, London, Greater London N15 4PJ2
£400K11/220.65 mi46, Siddons Road, London, Greater London N17 9UT2
£365K08/230.65 miFlat 7, Beaufort House, Talbot Road, South Tottenham, London, Greater London N15 4DR2
£493.8K05/250.68 miFlat 7, 14, Collendale Road, London E17 6TB2
£510K06/250.68 miFlat 29, 14, Collendale Road, London E17 6TB2
£510K06/250.68 miFlat 29, 14, Collendale Road, London E17 6TB2
£337.5K07/230.68 mi6b, Page Green Road, London, Greater London N15 4PG2
£285K07/250.69 mi26, Baldewyne Court, Lansdowne Road, Tottenham, London N17 9XH2
£328K12/240.7 miCromberdale Court, 4, Spencer Road, Tottenham, London N17 9UX2
£340K08/250.7 mi14, Cromberdale Court, Spencer Road, Tottenham, London N17 9UX2
£460K06/210.71 mi63, Blackhorse Lane, London, Greater London E17 6DS2
£392K03/250.71 miSt Andrews Court, Flat 17, Scotland Green, Tottenham, London N17 9GT2
£540K06/230.74 miFlat Left, 18, Sperling Road, London, Greater London N17 6UH2
£600K01/250.74 mi18, Left Flat, Sperling Road, Tottenham, London N17 6UH2
£360K06/230.75 mi53, Riverhead Close, Walthamstow, London, Greater London E17 5PY2
£465K08/230.77 mi195, Blackhorse Road, London, Greater London E17 6ND2
£465K05/250.78 mi187, Blackhorse Road, London E17 6ND2

Local Rents

50 rents from £1.9K/mo to £4K/mo, average is £2.2K/mo.

Rent
Date
Distance
Address
Beds
 
£2,20006/250 miKingfisher Heights, Waterside Way, London, N172
£2,10006/240.01 miKingfisher Heights, Waterside Way, London, N172
£2,20008/250.01 mi-2
£2,00001/250.01 mi-2
£1,85012/240.02 miKingfisher Heights, Waterside Way, Tottenham, London, N172
£2,10009/250.02 miKingfisher Heights, Tottenham Hale, London, N172
£2,10010/250.02 miKingfisher Heights, Tottenham Hale, London, N172
£2,50005/240.03 mi2 Bedroom, 2 Bathroom Flat – Lapwing Heights, Hale Village, Tottenham Hale N172
£2,50006/240.03 mi2 Bedroom, 2 Bathroom Flat – Lapwing Heights, Hale Village, Tottenham Hale N172
£2,35006/240.03 miWaterside Way, N17 9GP2
£2,20006/240.03 miWaterside Way, N17, Tottenham, London, N172
£2,35009/250.03 miWaterside Way, Lapwing Heights Waterside Way, N172
£2,20003/250.03 mi-2
£2,20003/250.03 mi-2
£2,20002/250.03 mi-2
£2,20003/250.03 mi-2
£2,15003/250.03 mi-2
£2,35011/250.03 mi-2
£2,00006/240.03 miWaterside Way, London, N172
£2,10006/250.03 miKingfisher Heights, London, N172
£2,05009/250.03 miLapwing Heights, Waterside Way, London, N172
£1,95005/240.03 miKingfisher Heights, Waterside Way, London, N172
£2,45012/240.03 mi-2
£2,00004/250.03 mi-2
£2,45006/240.03 miTottenham Hale, London, N172
£2,20009/250.03 mi-2
£4,00005/250.03 miEgret Heights, Waterside Way, Tottenham Hale N172
£2,20008/250.03 miWaterside Way, London, N172
£2,35009/250.03 miWaterside Way, London, N172
£2,10006/240.04 miLapwing Heights, Waterside Way, London, N172
£2,30009/250.04 miLapwing Heights, Waterside Way, London, N172
£2,00008/250.04 miEagle Heights, Waterside Way, London, N172
£2,00006/250.04 miEagle Heights, Waterside Way, London, N172
£2,00008/250.04 miEagle Heights, Waterside Way, London, N172
£2,10010/250.04 miEagle Heights, Waterside Way, London, N172
£2,10006/240.04 miEagle Heights, Waterside Way, London, N172
£2,00006/240.04 mi-2
£2,15009/250.04 miWaterside Way, Tottenham Hale, N172
£1,97509/250.04 mi-2
£2,10005/240.04 miKingfisher Heights, London, N172
£2,00005/240.04 miEgret Heights, Waterside Way, London, N172
£2,19505/240.04 miWaterside Way, Tottenham Hale, N172
£2,19505/240.04 mi-2
£2,15006/240.05 miEagle Heights Waterside Way N17 9QQ2
£2,15006/240.05 miEagle Heights Waterside Way, N17 9QQ2
£1,90011/250.05 miEagle Heights, Waterside Way, London, N172
£2,40006/250.05 miFerry Lane, N17, Tottenham, London, N172
£2,52510/250.05 miFerry Lane, N17, Tottenham, London, N172
£2,50010/250.05 miWindlass Apartments, Tottenham, London, N172
£2,64011/250.05 miWindlass Apartments, Hale Wharf, Tottenham, London, N172

Local Area Statistics

Population in N17

62,843

Population in London

4,771,921

Town centre distance

4.75 miles away

Nearest school

0.20 miles away

Nearest train station

0.17 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-2%

Sales demand

Buyer's market

Capital growth (5yrs)

+16%

Property History

Listed for £425,000

November 15, 2024

Floor Plans

Property image

Description

  • Two Bedrooms +
  • Large Reception +
  • Wrap Around Balcony +
  • 5th Floor +
  • Modern Kitchen +
  • Modern Bathroom +
  • Views Over The Wetlands +

Boasting captivating views over the Walthamstow Wetlands, the River Lea and multiple London landmarks, this special apartment presents an exceptional opportunity for first-time buyers. Nestled in the heart of the sought-after N17 neighbourhood, it offers both an ideal location and stunning scenery.

Internally, the property spans an impressive 629 square feet, offering an abundance of light-filled living space adorned with meticulously crafted interiors.

Accommodation comprises two double bedrooms, a modern fitted kitchen, a reception room with floor-to-ceiling windows providing access to a large wrap-around private balcony, a luxury bathroom, and a spacious hallway with ample storage.

Transportation options are unparalleled! The nearby Victoria Line Underground Station swiftly connects you to Kings Cross St Pancras in just four stops and Oxford Circus in a mere seven stops. Green Park and Victoria are the next enticing destinations on this line. Additionally, the Greater Anglia Line offers frequent trains to Liverpool Street, a mere two stops via Hackney or Stratford. For airport travel, the Stansted Express operates like clockwork, whisking you straight to the Airport every 15 minutes, seven days a week.

A flourishing selection of independent cafes, coffee shops, and restaurants awaits your exploration. Don't miss the chance to experience Beavertown Brewery, The High Cross, Table 13 (located in the complex), True Craft, Moloko, and Blighty India. This vibrant living experience in the heart of Tottenham Hale promises endless culinary adventures.

The property is surrounded by an abundance of green spaces, adding a touch of nature to urban living. The nearby canal leads to Tottenham Marshes and Springfield Park, offering scenic pathways for leisurely walks and cycling. On the flip side, the Wetlands Nature Reserve, Europe's largest urban wetland, is just minutes away. This ecological haven features diverse flora and fauna, walking trails, and a cozy café for a relaxing retreat.

Please contact the lettings department at Winkworth Harringay to arrange an appointment to view .

Winkworth.co.uk

Your local independently owned property agency with a network of 62 London offices.

Est 1835

Agent Details

Winkworth, Harringay

020 3892 9585

Next Steps?

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

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