2 Bed Flat, Refurb/BRRR, London, N17 0TD, £300,000

Northumberland Park, London, N17 0TD - 5 months ago

Refurb/BRRR
ROI: 5%
~62 m²
+10 photos

ValuationOvervalued

Sold Prices£179K - £540K
Sold Prices/m²£3K/m² - £8.3K/m²

 

 

Square Metres

~62 m²
Price/m²£4.8K/m²

Value Estimate

£293,697

 

 

End Value (After Refurb)

£315,228

Uplift in Value

+5%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£75,000

Stamp Duty & Legal Fees

£18,700

Refurb Costs

£32,800

Bridging Loan Interest

£7,875

Total Cash In

£136,125

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£315,228

Mortgage (After Refinance)

£236,421

Mortgage LTV

75%

Cash Released

£11,421

Cash Left In

£124,704

Equity

£78,807

Rent Range

£1,550 - £3,500

Rent Estimate

£1,995

Running Costs/mo

£1,404

Cashflow/mo

£591

Cashflow/yr

£7,091

ROI

5%

Gross Yield

8%

Local Sold Prices

50 sold prices from £179K to £540K, average is £275K. £3K/m² to £8.3K/m², average is £5K/m².

PriceDateDistanceAddressBeds 
£307K03/210.14 mi69, Northumberland Park, London, Greater London N17 0TG2
£285K11/220.15 mi1, Taylor Close, London, Greater London N17 0UB2
£342K02/230.29 mi123, Northumberland Park, London, Greater London N17 0TL2
£320K08/210.31 miFlat 37, Somerset Hall, Creighton Road, London, Greater London N17 8SH2
£275K11/200.31 miFlat 55, Somerset Hall, Creighton Road, London, Greater London N17 8SH2
£310K04/210.32 mi17, Academia Way, London, Greater London N17 8HE2
£290K11/220.32 miFlat 46, Somerset Hall, Creighton Road, London, Greater London N17 8SH2
£274K03/230.32 mi10, Park Lane Close, London, Greater London N17 0HL2
£300K06/210.36 mi106, Middleham Road, London, Greater London N18 2SD2
£321K06/210.38 mi28, Gascoigne Close, London, Greater London N17 8BA2
£233K02/220.44 miFlat 7, Bridport House, Colyton Way, London, Greater London N18 2XJ2
£415K04/230.48 mi52, Pembury Road, London, Greater London N17 8LY2
£245K03/210.49 miFlat 14, Corbridge House, Northumberland Park, London, Greater London N17 0QE2
£285K07/230.52 miFlat 3, Whittingham House, Northumberland Park, London, Greater London N17 0QG2
£262K03/210.61 mi40, Siddons Road, London, Greater London N17 9UT2
£400K11/220.61 mi46, Siddons Road, London, Greater London N17 9UT2
£245K07/220.63 mi82, Wigston Close, London, Greater London N18 1XF2
£251K10/210.65 mi14, Dickens Lane, London, Greater London N18 1PH2
£230K06/220.66 mi23, Dickens Lane, London, Greater London N18 1PH2
£275K04/230.69 mi26, Culpepper Close, London, Greater London N18 2DZ2
£270K03/230.69 mi12, Culpepper Close, London, Greater London N18 2DZ2
£245K02/220.69 mi6, Inverness Road, London, Greater London N18 2EE2
£380K12/220.7 miFirst Floor Flat, 42, Bruce Grove, London, Greater London N17 6RN2
£320K04/230.72 mi25b, Forest Gardens, London, Greater London N17 6XA2
£365K06/210.72 mi4b, Linley Road, London, Greater London N17 6RP2
£270K11/210.73 mi50, Leopold Road, London, Greater London N18 2HX2
£266K12/210.73 mi70, Leopold Road, London, Greater London N18 2HX2
£260K04/210.73 mi46, Leopold Road, London, Greater London N18 2EW2
£250K08/220.73 mi55, Tanners End Lane, London, Greater London N18 1PQ2
£255K06/220.74 mi49, Tanners End Lane, London, Greater London N18 1PQ2
£335K06/210.75 mi157, Shelbourne Road, London, Greater London N17 9YD2
£326K06/210.75 mi161a, Shelbourne Road, London, Greater London N17 9YD2
£370K05/210.75 mi3b, Radley Road, London, Greater London N17 6RH2
£243K02/230.75 mi38, Tanners End Lane, London, Greater London N18 1PG2
£375K06/230.77 miFlat 9, Gaven House, Broadwater Road, London, Greater London N17 6JB2
£265K07/220.78 mi28, Herne Mews, London, Greater London N18 2QZ2
£400K10/200.83 miGround Floor Flat, 271, Mount Pleasant Road, London, Greater London N17 6HD2
£250K01/220.83 mi56, Leopold Road, London, Greater London N18 2HX2
£270K11/210.83 mi50, Leopold Road, London, Greater London N18 2HX2
£374K03/210.87 mi28b, The Avenue, Tottenham, London, Greater London N17 6TD2
£491K06/230.87 mi14, The Avenue, Tottenham, London, Greater London N17 6TD2
£260K12/220.88 mi52, Pycroft Way, London, Greater London N9 9XY2
£358K12/200.89 mi20a, Chandos Road, London, Greater London N17 6HN2
£270K03/210.91 mi27, Reed Road, London, Greater London N17 9BU2
£179K12/210.91 mi5, Reed Road, London, Greater London N17 9BU2
£400K11/220.91 miGround Floor Flat, 31, Drayton Road, London, Greater London N17 6HJ2
£270K09/220.91 mi49, Pycroft Way, London, Greater London N9 9XU2
£260K03/210.91 mi53, Pycroft Way, London, Greater London N9 9XU2
£540K06/230.92 miFlat Left, 18, Sperling Road, London, Greater London N17 6UH2
£202.7K10/210.94 miFlat 15, Martlesham, Adams Road, London, Greater London N17 6HT2

Local Rents

52 rents from £1.6K/mo to £3.5K/mo, average is £1.9K/mo.

RentDateDistanceAddressBeds 
£1,65003/250.01 mi-2
£2,15012/240.07 mi-2
£1,90005/240.1 mi-2
£2,49502/250.11 mi-2
£2,49501/250.11 mi-2
£2,39502/250.11 mi-2
£2,34502/250.11 mi-2
£2,34502/250.11 mi-2
£2,34502/250.11 mi-2
£2,19503/250.11 mi-2
£3,50002/250.12 mi-2
£1,70006/240.14 miBrantwood Road, Tottenham, London, N172
£1,85003/250.17 mi-2
£1,85004/250.19 mi-2
£2,20003/250.19 mi-2
£2,05012/240.19 mi-2
£1,95003/250.19 mi-2
£1,66205/240.23 miTrulock Road, Tottenham, London, N172
£1,75006/240.23 miTrulock Road, Tottenham, London, N172
£1,80005/240.23 mi-2
£1,80005/240.25 miTrulock Road, Northumberland Park, Tottenham, London, N172
£1,95001/250.27 mi-2
£2,40004/250.28 mi-2
£1,80003/250.28 mi-2
£1,90001/250.29 mi-2
£1,85006/240.31 miLeyburn Grove, Edmonton, London2
£1,60006/240.31 miSomerset Hall, Creighton Road, Tottenham N172
£2,50006/240.32 miCreighton Road, N172
£1,70012/240.32 mi-2
£1,90004/250.32 mi-2
£1,97503/250.32 mi-2
£1,75003/250.32 mi-2
£1,80005/240.32 mi2 Bedroom Flat – Academia Way, White Hart Lane N172
£1,75003/250.33 mi-2
£3,00005/240.33 mi-2
£1,85002/240.34 mi-2
£1,85002/240.34 mi-2
£1,85002/240.34 mi-2
£2,00006/240.35 mi-2
£1,85003/250.36 mi-2
£1,65006/240.37 miPark Lane, Tottenham, London, N172
£1,55005/240.37 miPark Lane, TOTTENHAM, N172
£1,80002/250.4 mi-2
£1,70002/240.42 mi-2
£1,70002/240.42 mi-2
£1,70005/240.42 mi-2
£1,90003/250.44 mi-2
£1,75006/240.45 mi-2
£1,70005/240.46 miDenmark Street, London, N172
£1,95006/240.46 miLancaster Road, Edmonton2
£1,60004/250.46 mi-2
£2,00003/250.47 mi-2

Local Area Statistics

Population in N17

62,843

Population in London

4,771,921

Town centre distance

5.66 miles away

Nearest school

0.10 miles away

Nearest train station

0.20 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+3%

Sales demand

Balanced market

Capital growth (5yrs)

+14%

Property History

Price changed to £300,000

March 8, 2025

Price changed to £315,000

January 15, 2025

Listed for £325,000

November 16, 2024

Floor Plans

Description

  • Two Bedroom Flat +
  • Split-Level +
  • Seperate Kitchen & Living Room +
  • Double Bedrooms +
  • Chain Free +
  • Secure Entry +
  • Long Lease +
  • Communal Garden +
  • 0.5 Miles To White Hart Lane Overground Station +
  • EPC Rating : C +

Kings Group are delighted to present this spacious split-level flat, offering excellent potential for those looking to put their own stamp on a property. Ideally situated in Northumberland Park, Tottenham, this flat is set across the first and second floors of Burleigh Court.

The property features a separate living room and a well-proportioned kitchen, which, although functional, offers great scope for modernisation. The kitchen currently provides a practical space for cooking and dining but could easily be transformed into a more contemporary setting. On the upper floor, you will find a three-piece bathroom, in need of some updating but offering solid foundations for refurbishment.

The flat also benefits from two good-sized bedrooms, each providing comfortable living space that can be easily adapted to suit your needs. While the property would benefit from some modernisation, it offers fantastic potential to create a stylish and comfortable home. The building features secure entry for added peace of mind, making this property an excellent opportunity for first-time buyers or investors seeking a project in a popular and rapidly developing area.

Situated in the up-and-coming area of Northumberland Park, the flat is well-connected by public transport, with Northumberland Park Station just a short walk away, offering direct Overground services into central London. Tottenham’s bustling high street is nearby, with a wide range of shops, restaurants, and amenities. Tottenham Hotspur Stadium and the surrounding developments further add to the area's appeal. Green spaces, including Markfield Park, are also within easy reach.

Agent Details

Kings Group, Tottenham

020 3870 6388

Next Steps?

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