2 Bed Flat, Single Let, London, N17 8FE £330,000

57 Cannon Road, Tottenham, London, N17 8AA - 3 views - a year ago

Leasehold

BTL

ROI: 3%

~73 m²

ValuationUndervalued

Sold Prices	£137.5K - £468.5K
Sold Prices/m²	£3.1K/m² - £7.8K/m²

Square Metres	~73 m²
Price/m²	£4.5K/m²
Value Estimate	£365,000£365,000
BMV	11%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£82,500£82,500
Stamp Duty & Legal Fees	£24,200£24,200
Total Cash In	£106,700£106,700

Cash Out
Rent Range	£1,500 - £3,548£1,500 - £3,548
Rent Estimate	£1,600
Running Costs/mo	£1,371£1,371
Cashflow/mo	£229£229
Cashflow/yr	£2,745£2,745
ROI	3%3%
Gross Yield	6%6%

Local Sold Prices

50 sold prices from £137.5K to £468.5K, average is £285K. £3.1K/m² to £7.8K/m², average is £5K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£316K	07/25	0.21 mi	40, Brantwood Road, Tottenham, London N17 0EU	-	-	2	Flat
£320K	08/21	0.25 mi	Flat 37, Somerset Hall, Creighton Road, London, Greater London N17 8SH	-	-	2	Flat
£178K	10/24	0.27 mi	81 St James Court, 16, Fore Street, London N18 2YJ	£4,684	38	2	Flat
£178K	10/24	0.27 mi	16, 81 St James Court, Fore Street, London N18 2YJ	-	-	2	Flat
£290K	11/22	0.28 mi	Flat 46, Somerset Hall, Creighton Road, London, Greater London N17 8SH	-	-	2	Flat
£380K	02/25	0.29 mi	87, Ground Floor Flat, Brantwood Road, Tottenham, London N17 0DT	£7,451	51	2	Flat
£137.5K	07/25	0.29 mi	243, Somerset Gardens, Tottenham, London N17 8JY	-	-	2	Flat
£285K	11/22	0.33 mi	1, Taylor Close, London, Greater London N17 0UB	£4,914	58	2	Flat
£233K	02/22	0.35 mi	Flat 7, Bridport House, Colyton Way, London, Greater London N18 2XJ	-	-	2	Flat
£280K	03/25	0.38 mi	11, Somerset Gardens, Tottenham, London N17 8JF	£3,836	73	2	Flat
£300K	06/21	0.43 mi	106, Middleham Road, London, Greater London N18 2SD	£5,882	51	2	Flat
£245K	07/22	0.44 mi	82, Wigston Close, London, Greater London N18 1XF	£4,737	52	2	Flat
£342K	02/23	0.46 mi	123, Northumberland Park, London, Greater London N17 0TL	£6,333	54	2	Flat
£251K	10/21	0.47 mi	14, Dickens Lane, London, Greater London N18 1PH	-	-	2	Flat
£230K	06/22	0.47 mi	23, Dickens Lane, London, Greater London N18 1PH	£5,610	41	2	Flat
£274K	03/23	0.52 mi	10, Park Lane Close, London, Greater London N17 0HL	£4,281	64	2	Flat
£321K	06/21	0.52 mi	28, Gascoigne Close, London, Greater London N17 8BA	£5,350	60	2	Flat
£250K	08/22	0.54 mi	55, Tanners End Lane, London, Greater London N18 1PQ	£3,571	70	2	Flat
£255K	06/22	0.55 mi	49, Tanners End Lane, London, Greater London N18 1PQ	£5,835	44	2	Flat
£243K	02/23	0.57 mi	38, Tanners End Lane, London, Greater London N18 1PG	£3,197	76	2	Flat
£415K	04/23	0.61 mi	52, Pembury Road, London, Greater London N17 8LY	-	-	2	Flat
£260K	02/24	0.61 mi	1, Moree Way, London N18 2UJ	£4,000	65	2	Flat
£260K	09/24	0.65 mi	Empire House, 13, Great Cambridge Road, Edmonton N18 1EA	£3,939	66	2	Flat
£260K	09/24	0.65 mi	13, Empire House, Great Cambridge Road, Edmonton N18 1EA	-	-	2	Flat
£248K	02/25	0.66 mi	5, Northumberland Grove, Tottenham, London N17 0PZ	£3,100	80	2	Flat
£245K	02/22	0.68 mi	6, Inverness Road, London, Greater London N18 2EE	£5,000	49	2	Flat
£331K	02/25	0.69 mi	Millicent Fawcett Court, 41, Pembury Road, Tottenham, London N17 6SU	£5,254	63	2	Flat
£285K	07/23	0.7 mi	Flat 3, Whittingham House, Northumberland Park, London, Greater London N17 0QG	£3,958	72	2	Flat
£265K	07/22	0.71 mi	28, Herne Mews, London, Greater London N18 2QZ	-	-	2	Flat
£275K	04/23	0.73 mi	26, Culpepper Close, London, Greater London N18 2DZ	£4,661	59	2	Flat
£270K	03/23	0.73 mi	12, Culpepper Close, London, Greater London N18 2DZ	£4,091	66	2	Flat
£328K	12/24	0.74 mi	Cromberdale Court, 4, Spencer Road, Tottenham, London N17 9UX	£5,290	62	2	Flat
£340K	08/25	0.74 mi	14, Cromberdale Court, Spencer Road, Tottenham, London N17 9UX	-	-	2	Flat
£285K	07/25	0.74 mi	26, Baldewyne Court, Lansdowne Road, Tottenham, London N17 9XH	-	-	2	Flat
£430K	03/25	0.75 mi	Ground Floor Flat A, 63, Bruce Grove, Tottenham, London N17 6RN	-	-	2	Flat
£302K	10/24	0.75 mi	10, Craig Park Road, London N18 2HQ	£5,593	54	2	Flat
£302K	10/24	0.75 mi	10, Craig Park Road, London N18 2HQ	-	-	2	Flat
£260K	12/22	0.76 mi	52, Pycroft Way, London, Greater London N9 9XY	£4,407	59	2	Flat
£266K	12/21	0.79 mi	70, Leopold Road, London, Greater London N18 2HX	£5,216	51	2	Flat
£400K	11/22	0.79 mi	46, Siddons Road, London, Greater London N17 9UT	-	-	2	Flat
£392K	03/25	0.79 mi	St Andrews Court, Flat 17, Scotland Green, Tottenham, London N17 9GT	£5,444	72	2	Flat
£270K	09/22	0.79 mi	49, Pycroft Way, London, Greater London N9 9XU	£5,348	50	2	Flat
£380K	12/22	0.8 mi	First Floor Flat, 42, Bruce Grove, London, Greater London N17 6RN	£5,672	67	2	Flat
£365K	06/21	0.81 mi	4b, Linley Road, London, Greater London N17 6RP	-	-	2	Flat
£403K	02/25	0.82 mi	45, De Quincey Road, Tottenham, London N17 7DJ	£5,446	74	2	Flat
£320K	04/23	0.84 mi	25b, Forest Gardens, London, Greater London N17 6XA	-	-	2	Flat
£375K	06/23	0.84 mi	Flat 9, Gaven House, Broadwater Road, London, Greater London N17 6JB	-	-	2	Flat
£468.5K	05/25	0.85 mi	30, Radley Road, Tottenham, London N17 6RL	-	-	2	Flat
£468.5K	05/25	0.85 mi	30, Radley Road, Tottenham, London N17 6RL	£7,808	60	2	Flat
£250K	01/22	0.85 mi	56, Leopold Road, London, Greater London N18 2HX	£4,237	59	2	Flat

Local Rents

50 rents from £1.5K/mo to £3.5K/mo, average is £1.9K/mo.

Rent	Date	Distance	Address	Beds	Type
£2,200	03/25	0 mi	-	2	Flat
£2,095	10/25	0 mi	-	2	Flat
£2,050	12/24	0 mi	-	2	Flat
£1,900	05/25	0 mi	-	2	Flat
£2,100	11/25	0 mi	Rivers Apartments, Cannon Road, London, N17	2	Flat
£1,800	05/24	0.12 mi	-	2	Flat
£1,875	09/25	0.14 mi	-	2	Flat
£3,548	07/25	0.14 mi	College Road, London, N17	2	Flat
£1,800	09/25	0.15 mi	Durban Road, Tottenham, London	2	House
£1,600	10/25	0.17 mi	-	2	Flat
£1,680	06/25	0.19 mi	Burleigh Court, Northumberland Park, Tottenham	2	Flat
£1,600	06/25	0.2 mi	-	2	Flat
£1,500	11/25	0.2 mi	-	2	Flat
£1,500	07/25	0.2 mi	Northumberland Park, London, N17 0TA	2	Flat
£1,575	05/25	0.2 mi	Northumberland Park, London, N17 0TA	2	Flat
£1,600	06/25	0.2 mi	-	2	Flat
£1,800	05/24	0.21 mi	2 Bedroom Flat – Academia Way, White Hart Lane N17	2	Flat
£1,700	06/24	0.22 mi	Brantwood Road, Tottenham, London, N17	2	Flat
£1,900	05/24	0.23 mi	-	2	Flat
£1,600	11/25	0.23 mi	Bull Lane, Edmonton, London, N18	2	Flat
£1,600	04/25	0.24 mi	-	2	Flat
£2,000	06/24	0.24 mi	-	2	Flat
£1,800	06/25	0.24 mi	Queen Street, N17, Tottenham, London, N17	2	Flat
£1,800	07/25	0.24 mi	Queen Street, N17, Tottenham, London, N17	2	Flat
£2,000	11/25	0.25 mi	-	2	Flat
£2,100	11/25	0.25 mi	-	2	Flat
£2,150	12/24	0.25 mi	-	2	Semi-Detached House
£1,600	06/24	0.25 mi	Somerset Hall, Creighton Road, Tottenham N17	2	Flat
£1,550	07/25	0.25 mi	Somerset Hall, Creighton Road, Tottenham N17	2	Flat
£1,750	04/25	0.25 mi	-	2	Flat
£1,750	09/25	0.26 mi	Fore Street, Edmonton, London, UK, N18 2TW	2	Flat
£1,650	11/25	0.26 mi	Somerset Halls, Creighton Road, Tottenham	2	Flat
£1,700	12/24	0.26 mi	-	2	Flat
£1,900	04/25	0.26 mi	-	2	Flat
£1,975	03/25	0.26 mi	-	2	Flat
£2,500	06/24	0.26 mi	Creighton Road, N17	2	Flat
£1,750	03/25	0.26 mi	-	2	Flat
£1,900	01/25	0.27 mi	-	2	Flat
£1,900	11/25	0.27 mi	Prowse Court, Fore Street, London	2	Flat
£1,800	09/25	0.27 mi	St James Court, Fore Street, Edmonton	2	Flat
£2,495	01/25	0.29 mi	-	2	Bungalow
£2,495	02/25	0.29 mi	-	2	Bungalow
£2,395	02/25	0.29 mi	-	2	Bungalow
£2,345	02/25	0.29 mi	-	2	Bungalow
£2,345	02/25	0.29 mi	-	2	Bungalow
£2,345	02/25	0.29 mi	-	2	Bungalow
£2,195	03/25	0.29 mi	-	2	Bungalow
£3,500	02/25	0.29 mi	-	2	Flat
£2,000	11/25	0.3 mi	Middleham Gardens, Tottenham, London	2	Terraced House
£1,850	03/25	0.31 mi	-	2	Flat

Local Area Statistics

Population in N17	62,84362,843
Population in London	4,771,9214,771,921
Town centre distance	5.76 miles away5.76 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	0.25 miles away0.25 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	-2%-2%
Sales demand	Buyer's marketBuyer's market
Capital growth (5yrs)	+16%+16%

Property History

Price changed to £330,000

May 15, 2025

Price changed to £350,000

March 8, 2025

Listed for £360,000

November 18, 2024

Floor Plans

Description

Two Bedroom Flat +
13th Floor +
Immaculate Condition +
Modern Development +
Spacious Balcony +
Ample Storage Space +
Stunning Views Across London +
Communal Roof Gardens +
Minutes Away from White Hart Lane Station +
EPC Rating: B +

Kings Group are pleased to present this contemporary and immaculate property at Rivers Apartments. This stylish two-bedroom apartment offers an ideal living space for individuals or couples seeking modern comfort in a sought-after location.

The apartment features a spacious open-plan living area that is flooded with natural light, creating a bright and welcoming atmosphere. The fully equipped modern kitchen boasts high-quality appliances, sleek finishes, and ample storage space, making it perfect for both cooking and entertaining. The two generous double bedroom provides a peaceful retreat with plenty of space for storage and relaxation. The contemporary three-piece bathroom suite includes modern fixtures and finishes, complementing the overall design of the apartment.

Rivers Apartments is situated in the vibrant Tottenham area, offering excellent transport links, including nearby bus routes, White Hart Lane & Northumberland Park Station with direct access to London Overground services. The property is also well-served by local amenities, such as shops, cafes, and restaurants, as well as proximity to green spaces for outdoor enjoyment. The area is currently undergoing significant regeneration, which adds further value and potential to the property.

This is a perfect opportunity for first-time buyers, professionals, or investors looking for a modern and well-connected home in a rapidly developing area.

Agent Details

Kings Group, Tottenham

020 3870 6388

Next Steps?

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

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