2 Bed Flat, Motivated Seller, London, N4 1HN, £350,000

Rowley Gardens, Woodberry Down, City Of London, N4 1HN - 10 views - 5 months ago

Leasehold
Motivated
BTL
ROI: 5%
~60 m²
+6 photos

ValuationUndervalued

Sold Prices£242K - £1.1M
Sold Prices/m²£3K/m² - £52K/m²

 

 

Square Metres

~59.80 m²
Price/m²£5.9K/m²

Value Estimate

£423,500
BMV21%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£87,500

Stamp Duty & Legal Fees

£16,700

Total Cash In

£104,200

 

 

Cash Out

 

Rent Range

£1,640 - £3,597

Rent Estimate

£1,900

Running Costs/mo

£1,494

Cashflow/mo

£406

Cashflow/yr

£4,875

ROI

5%

Gross Yield

7%

Local Sold Prices

50 sold prices from £242K to £1.1M, average is £525K. £3K/m² to £52K/m², average is £7.4K/m².

PriceDateDistanceAddressBeds 
£440K11/200.11 mi23, Hermitage Road, London, Greater London N4 1DF2
£545K06/230.15 mi68, Hermitage Road, London, Greater London N4 1LY2
£501.5K02/230.27 mi90a, Hermitage Road, London, Greater London N4 1NL2
£600K06/230.28 mi9a, Endymion Road, London, Greater London N4 1EE2
£1.1M06/210.28 mi11, Coningsby Road, London, Greater London N4 1EG2
£412.5K11/200.3 miFlat 20, Windsor House, Portland Rise, London, Greater London N4 2QA2
£512.5K01/210.31 mi41b, Lothair Road South, London, Greater London N4 1EN2
£412.5K04/210.33 mi24, Stanhope Gardens, Stroud Green, London, Greater London N4 1HT2
£560K03/210.35 miFlat 38, Waterside Apartments, Goodchild Road, London, Greater London N4 2AJ2
£498.5K09/210.35 miFlat 10, Waterside Apartments, Goodchild Road, London, Greater London N4 2AJ2
£620K07/230.35 miFlat 72, Waterside Apartments, Goodchild Road, London, Greater London N4 2AJ2
£565K09/230.36 mi68a, Burgoyne Road, London, Greater London N4 1AE2
£720K10/230.37 miFlat 101, City View Apartments, Devan Grove, London, Greater London N4 2GR2
£670K10/210.37 miFlat 49, Riverside Apartments, Goodchild Road, London, Greater London N4 2BA2
£585K04/230.38 mi32, Portland Rise, London, Greater London N4 2PP2
£605K03/230.38 mi32d, Portland Rise, London, Greater London N4 2PP2
£555K05/230.38 miFlat 27, Rivulet Apartments, Devan Grove, London, Greater London N4 2GS2
£430K11/210.39 mi41b, Rutland Gardens, London, Greater London N4 1JN2
£583K12/220.42 miFirst Floor Flat, 86b, Upper Tollington Park, London, Greater London N4 4NB2
£795K12/200.43 mi117a, Upper Tollington Park, London, Greater London N4 4ND2
£525K03/210.43 mi12b, Oakfield Road, London, Greater London N4 4NL2
£250K11/210.44 mi121a, Upper Tollington Park, London, Greater London N4 4ND2
£397K09/210.44 mi87, Warwick Gardens, London, Greater London N4 1JD2
£430K09/210.44 mi107, Warwick Gardens, London, Greater London N4 1JD2
£405K09/210.44 mi49, Warwick Gardens, London, Greater London N4 1JD2
£525K04/210.45 mi204c, Stapleton Hall Road, London, Greater London N4 4QL2
£875K03/230.45 mi16a, Scarborough Road, London, Greater London N4 4LT2
£320K12/200.46 miFlat D, 164, Stapleton Hall Road, London, Greater London N4 4QJ2
£775K12/200.49 mi111b, Stapleton Hall Road, London, Greater London N4 4RD2
£620K11/200.49 miFlat A, 3, Gloucester Drive, London, Greater London N4 2LE2
£395K11/210.51 miFlat B, 115, Chesterfield Gardens, London, Greater London N4 1LW2
£629.8K09/210.51 mi57, Mattison Road, London, Greater London N4 1BG2
£769K02/230.51 mi15, Lancaster Road, London, Greater London N4 4PJ2
£372K01/210.51 miFlat 2, Legat Court, Warwick Gardens, London, Greater London N4 1JE2
£320K04/230.52 mi321, Lordship Road, London, Greater London N16 5HG2
£480K11/200.52 mi28c, Quernmore Road, London, Greater London N4 4QX2
£670K11/200.52 mi28a, Quernmore Road, London, Greater London N4 4QX2
£635K11/200.54 miGround Floor Flat And Cellar, 34, Mattison Road, London, Greater London N4 1BD2
£242K03/230.54 mi56c, Upper Tollington Park, London, Greater London N4 4BX2
£390K02/210.55 miFlat 50, Salisbury Mansions, St Anns Road, London, Greater London N15 3TP2
£490K12/200.55 miFlat 47, Salisbury Mansions, St Anns Road, London, Greater London N15 3TP2
£471.9K10/220.55 miFlat 63, Salisbury Mansions, St Anns Road, London, Greater London N15 3TP2
£395K04/210.56 miFlat 24, Salisbury Mansions, St Anns Road, London, Greater London N15 3JP2
£440K04/210.57 mi92, Myddleton Avenue, London, Greater London N4 2FH2
£1.0M06/210.57 miFlat A, 45, Queen Elizabeths Walk, London, Greater London N16 5UG2
£590K08/230.58 mi39b, Woodstock Road, London, Greater London N4 3ET2
£620K02/210.58 mi57a, Woodstock Road, London, Greater London N4 3ET2
£475K01/210.58 mi11, Myddleton Avenue, London, Greater London N4 2FA2
£475K02/210.59 mi109b, Warham Road, London, Greater London N4 1AS2
£615K07/240.59 mi91, Flat A, Warham Road, London, Greater London N4 1AS2

Local Rents

50 rents from £1.6K/mo to £3.6K/mo, average is £2.9K/mo.

RentDateDistanceAddressBeds 
£2,15003/250.04 mi-2
£1,90007/240.07 miWoodview Close, N42
£1,95006/240.07 mi-2
£2,00002/250.1 mi-2
£1,95012/240.1 mi-2
£1,80002/250.11 mi-2
£1,75003/250.11 mi-2
£2,35003/250.12 mi-2
£1,64001/250.12 mi-2
£3,25006/240.14 miWillowbrook House, Coster Avenue, N42
£1,90005/240.18 miVale Grove, Harringey, London N42
£2,10006/240.22 miHermitage Road, Haringey, N42
£2,25007/240.22 miHermitage Road, Haringey, N42
£2,35012/240.23 mi-2
£2,60006/240.24 miKingly Building, 18 Woodberry Down, London, N42
£2,85005/240.24 mi-2
£2,69503/250.25 mi-2
£2,85006/240.25 miEndymion Road, Greater London, N42
£2,75007/240.25 mi-2
£3,39006/240.25 miWoodberry Down, London, N42
£3,38006/240.25 miWoodberry Down, London, N42
£3,38006/240.25 miWoodberry Down, London, N42
£3,40007/240.25 miWoodberry Down, London, N42
£3,25007/240.25 miOdell House, Woodberry Down, N42
£2,60012/240.25 mi-2
£2,90006/240.25 miKingly Building,woodberry Down, London, N42
£1,90005/240.26 miEndymion Road, London, N42
£2,98002/240.26 mi-2
£3,25007/240.26 miKingly Building, 18 Woodberry Down, London, N42
£2,70005/240.26 miKingly Building, London N42
£3,00007/240.26 miKingly Building, N42
£2,85007/240.26 miwoodbury down, Finsbury Park2
£2,50006/240.28 mi-2
£2,70005/240.28 miHartingtons Court, London, N42
£3,46707/240.28 miHartingtons Court, Coster Avenue, London, N42
£2,00003/250.28 mi-2
£3,20006/240.28 miCoster Avenue, London, N42
£3,12006/240.28 miCoster Avenue, London, N42
£3,30006/240.28 miCoster Avenue, Hackney, London, N42
£3,16306/240.28 miCoster Avenue, London, N42
£3,46707/240.28 miCoster Avenue, London, N42
£2,90007/240.28 miCoster Avenue, London, N42
£3,59707/240.28 miCoster Avenue, London, N42
£3,25007/240.28 mi(August move-in) Hartingtons Court, Woodberry Down, N42
£3,46707/240.28 miCoster Avenue, London, N42
£1,99807/240.28 miEndymion Road, London, N42
£3,00007/240.29 miThe Parkhouse, 3 Kayani Avenue, N42
£2,90005/240.29 miCoster Avenue, London2
£3,30007/240.3 miWillowbrook House, Coster Avenue, Hackney, N42
£2,80006/240.3 miCoster Avenue, Manor House, N4 2WP2

Local Area Statistics

Population in N4

46,277

Population in London

4,771,921

Town centre distance

3.15 miles away

Nearest school

0.20 miles away

Nearest train station

0.16 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-6%

Sales demand

Balanced market

Capital growth (5yrs)

+18%

Property History

Listed for £350,000

November 18, 2024

Floor Plans

Description

  • Council Tax Band A, Leasehold +
  • 18 December 2006 expiring on 9 December 2115 +
  • Ground Rent £108 Per Year Service Charge £2376 Per Year +
  • Two Bedrooms +
  • Spacious Living Room with Space for Dining +
  • Kitchen +
  • Bathroom & Separate W.C +
  • Excellent location, Zone 2 Piccadilly Line only 2 minutes walk +
  • Viewing Advised +

This spacious flat has plenty of natural throughout, two bedrooms and a spacious lounge leading to a private terrace with great views. An Ideal property for first time buyers looking for a vibrant location with excellent transport links.

This spacious flat is located in Woodberry Down with close proximity to a range of amenities, shopping facilities, food/drink establishments and more. The area also offers excellent road and transport links for travel both locally and further afield.

The accommodation briefly comprises a welcoming entrance way, a spacious living room and a fitted kitchen. The hallway goes through to two well-proportioned bedrooms and bathroom with separate W.C

This home is an excellent find. We anticipate a high amount of interest and as such we would recommend that any interested buyers inquire to arrange a viewing at the earliest convenience to ensure the opportunity is not missed.

Premium Fast Sale

The innovative Premium Fast Sale Plus method from Springbok Properties is a secure and straightforward way to buy property. It works like a typical sale, with a number of added benefits to the buyer.

Benefits

o Carefully implemented security measures
o A speedy process
o Realistically priced properties
o A Buy it Now option (ask for further information on this feature from our advisors)
o A significantly reduced chance of fall-throughs
o No risk of being "gazumped"
o The full focus of our highly motivated team

Springbok Properties' Premium Fast Sale Plus puts you in the driving seat thanks to our fast and secure methods.

All properties are competitively priced and carefully managed by motivated sellers for a quick, stress-free transaction.

Deposit

Sales can be secured with a reservation deposit of £5,000. This forms part of the final purchase price and is NOT an extra cost.

This deposit ensures that the property is taken off the market as soon as a sale is agreed. It is then exclusively reserved for you, eliminating gazumping, time wasting and financial loss.

An administration fee of £396 is required in order to draw up an exclusive legally binding contract between the buyer and seller. This gives the buyer exclusive rights to purchase within a pre-agreed timeframe.

Exclusivity

Following the payment of the above amount, Springbok Properties will facilitate a fixed exclusivity period (approximately 12 weeks). During this time, surveys should be arranged and preparations made for the exchange of contracts. The property will be reserved, so there will be no risk of gazumping.

Process

Our Premium Fast Sale Plus follows the below process:

STEP 1 - Register your interest
STEP 2 - Prepare your finances for the purchase
STEP 3 - Arrange a viewing
STEP 4 - Make an offer
STEP 5 - Secure your sale using our secure system
STEP 6 - Exchange and complete

Don't miss out on the chance to purchase this property. Call us today for further information and to arrange a viewing.

If you're interested in this property, we urge you to contact us immediately to arrange an early viewing and get the process started. This will help you to avoid missing out on this opportunity.

Springbok Properties' innovative Premium Fast Sale Plus is a secure and straightforward way to buy property.

Please note: to ensure the highest level of customer service, all calls may be recorded and monitored for training and quality purposes.

Please call us now to book an appointment.

We highly recommend early viewing as this property is priced relatively low and is likely to generate quite an interest.

Please call us now to book an appointment.

Call Recording

Please note to ensure the highest level of customer service, all calls may be recorded and monitored for training and quality purposes.

Disclaimer

Springbok Properties for itself and the Vendors or lessors of properties for whom they act give notice that:

The details shown on this website are a general outline for the guidance of intending purchasers, and do not constitute, nor constitute part of, an offer or contract or sales particulars. All descriptions, dimensions, references to condition and other details are given in good faith and are believed to be correct but any intending purchasers should not rely on them as statements or representations of fact but must satisfy themselves by inspection, searches, survey, enquiries or otherwise as to their correctness. We have not been able to test any of the building service installations and recommend that prospective purchasers arrange for a qualified person to check them before entering into any commitment. Further, any reference to, or use of any part of the properties is not a statement that any necessary planning, building regulations or other consent has been obtained. All photographs shown are indicative and cannot be guaranteed to represent the complete interior scheme or items included in the sale. No person in our employment has any authority to make or give any representation or warranty whatsoever in relation to this property.

TENURE

To be confirmed by the Vendor's Solicitors

Note

The price given is a marketing price and not an indication of the property's market value. The vendor like any seller is looking to achieve the maximum price possible. Hence, by making an enquiry on this property, you recognise and understand that this property is strictly offers in excess of the marketing price provided.

How to View this Property

Viewing is strictly by appointment please call us now for bookings.

AML REGULATIONS & PROOF OF FUNDING: Any proposed purchasers will be asked to provide identification and proof of funding before any offer is accepted. We would appreciate your co-operation with this to ensure there are no delays in agreeing the sale.

Agent Details

Springbok Properties, Nationwide

0161 416 6302

Next Steps?

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