2 Bed Flat, Single Let, Potters Bar, EN6 4AF, £318,500

Stapleton Close, Potters Bar, EN6 4AF - 5 months ago

Sold STC

BTL

ROI: 3%

~86 m²

+10 photos

ValuationUndervalued

Sold Prices	£200K - £455K
Sold Prices/m²	£4.4K/m² - £8.2K/m²

Square Metres	~86.21 m²
Price/m²	£3.7K/m²
Value Estimate	£385,385£385,385
BMV	21%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£79,625£79,625
Stamp Duty & Legal Fees	£20,550£20,550
Total Cash In	£100,175£100,175

Cash Out
Rent Range	£1,525 - £1,900£1,525 - £1,900
Rent Estimate	£1,550
Running Costs/mo	£1,325£1,325
Cashflow/mo	£225£225
Cashflow/yr	£2,696£2,696
ROI	3%3%
Gross Yield	6%6%

Local Sold Prices

21 sold prices from £200K to £455K, average is £335K. £4.4K/m² to £8.2K/m², average is £5K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£320K	12/20	0 mi	2, Stapleton Close, Potters Bar, Hertfordshire EN6 4AF	£4,444	72	2	Flat
£400K	10/22	0.12 mi	10, Faringford Close, Potters Bar, Hertfordshire EN6 5JS	£8,163	49	2	Flat
£380K	05/23	0.13 mi	2, Faringford Close, Potters Bar, Hertfordshire EN6 5JS	£5,507	69	2	Flat
£235K	03/21	0.48 mi	Flat 35, Hertford Mews, Billy Lows Lane, Potters Bar, Hertfordshire EN6 1XW	-	-	2	Flat
£200K	03/23	0.48 mi	Flat 21, Hertford Mews, Billy Lows Lane, Potters Bar, Hertfordshire EN6 1XW	-	-	2	Flat
£215K	07/23	0.48 mi	Flat 3, Hertford Mews, Billy Lows Lane, Potters Bar, Hertfordshire EN6 1XW	-	-	2	Flat
£350K	05/21	0.52 mi	3, Norman Court, Potters Bar, Hertfordshire EN6 1HY	-	-	2	Flat
£275K	03/21	0.52 mi	9, Chauncy Avenue, Potters Bar, Hertfordshire EN6 5LE	-	-	2	Flat
£330K	12/20	0.53 mi	1, Margarets Close, Potters Bar, Hertfordshire EN6 5LB	£5,976	55	2	Flat
£262K	04/21	0.6 mi	23, The Highlands, Potters Bar, Hertfordshire EN6 1HU	£4,441	59	2	Flat
£302K	02/21	0.6 mi	7, The Highlands, Potters Bar, Hertfordshire EN6 1HU	£4,951	61	2	Flat
£355K	02/21	0.66 mi	21, Sandringham Road, Potters Bar, Hertfordshire EN6 1EX	£5,000	71	2	Flat
£335K	01/23	0.69 mi	43, Heathfield Close, Potters Bar, Hertfordshire EN6 1SR	£4,792	70	2	Flat
£328K	03/21	0.71 mi	39, Heathfield Close, Potters Bar, Hertfordshire EN6 1SP	£4,896	67	2	Flat
£295K	09/21	0.76 mi	2, Heathfield Close, Potters Bar, Hertfordshire EN6 1SW	£4,470	66	2	Flat
£340K	06/21	0.76 mi	73, Church Road, Potters Bar, Hertfordshire EN6 1EY	£5,409	63	2	Flat
£455K	09/21	0.84 mi	Flat 15, The Briers, The Walk, Potters Bar, Hertfordshire EN6 1QE	-	-	2	Flat
£450K	05/21	0.84 mi	Flat 11, The Briers, The Walk, Potters Bar, Hertfordshire EN6 1QE	-	-	2	Flat
£347.5K	02/21	0.92 mi	1, Rosary Court, Potters Bar, Hertfordshire EN6 1HA	-	-	2	Flat
£372.5K	03/21	0.92 mi	5, Rosary Court, Potters Bar, Hertfordshire EN6 1HA	£6,535	57	2	Flat
£368K	11/22	0.92 mi	2, Rosary Court, Potters Bar, Hertfordshire EN6 1HA	£6,394	58	2	Flat

Local Rents

15 rents from £1.5K/mo to £1.9K/mo, average is £1.6K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,647	12/24	0.04 mi	Stapleton Close, Potters Bar, EN6	2	Flat
£1,600	03/24	0.4 mi	The Grove, Potters Bar, EN6	2	Flat
£1,550	04/25	0.42 mi	-	2	Flat
£1,700	02/25	0.46 mi	-	2	Flat
£1,750	04/24	0.5 mi	Carpenter Way, Potters Bar, EN6	2	Semi-Detached House
£1,700	02/25	0.51 mi	-	2	Flat
£1,525	04/24	0.51 mi	Chauncy Avenue, Potters Bar	2	Flat
£1,650	12/24	0.52 mi	-	2	Flat
£1,600	03/24	0.53 mi	High Street, Potters Bar, EN6	2	Flat
£1,550	04/24	0.55 mi	High Street, Potters Bar, Hertfordshire, EN6	2	Flat
£1,550	04/24	0.58 mi	The Highlands, Potters Bar, EN6	2	Flat
£1,750	04/24	0.6 mi	Thornton Road, Potters Bar, Hertfordshire, EN6	2	Flat
£1,600	12/24	0.6 mi	-	2	Flat
£1,900	02/24	0.62 mi	-	2	Flat
£1,900	03/24	0.62 mi	Thornton Road, Potters Bar, EN6	2	Flat

Local Area Statistics

Population in EN6	29,06729,067
Population in Potters Bar	29,07529,075
Town centre distance	0.83 miles away0.83 miles away
Nearest school	0.30 miles away0.30 miles away
Nearest train station	1.28 miles away1.28 miles away

Rental demand	Balanced marketBalanced market
Rental growth (12m)	+16%+16%
Sales demand	Buyer's marketBuyer's market
Capital growth (5yrs)	+14%+14%

Property History

Listed for £318,500

November 19, 2024

Floor Plans

Description

Two Double Bedrooms +
Share of Freehold w/ 997 Years Remaining +
Ground Floor +
Sought After Location +
Garage en-bloc +
Allocated Parking Space +
Ideal Rental Investment or First Time Buy +
Chain Free +
Walking distance to local shops and restaurants +
Excellent Transport Links +

* * CHAIN FREE * *

Auckland Estates are pleased to offer this larger-than-average ground floor TWO BEDROOM flat, situated in a quiet and convenient location just off The Causeway.

This sought-after area is well-connected, offering excellent transport links, including Potters Bar Station and the M25, as well as proximity to highly regarded local schools, making it an ideal choice for first-time buyers, young families, or buy-to-let investors.

This spacious property is offered for sale CHAIN FREE and benefits from a SHARE OF FREEHOLD with 997 years remaining. It features a generously sized Lounge/Dining Room, Two Double Bedrooms with built-in wardrobes, a modern Kitchen, and a bright Bathroom. The flat is equipped with double glazing throughout, laminate flooring, and excellent storage options.

Externally, the property offers Allocated Parking, access to Communal grounds, and a Garage En Bloc. Additional features include a communal entry phone system and an external communal tap. This well-maintained flat is an excellent opportunity to secure a property in a highly desirable and accessible location.

For more information and to arrange a viewing, please call Auckland Estates today.

Agent Details

Auckland Estates Limited, Potters Bar

01707 241361

Next Steps?

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

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