2 Bed Flat, Single Let, London, N9 7LB, £285,000

16C Bury Street, London, Greater London, N9 7LB - 6 views - 5 months ago

Leasehold

BTL

ROI: 5%

40 m²

+11 photos

ValuationOvervalued

Sold Prices	£161.5K - £315K
Sold Prices/m²	£3.6K/m² - £6K/m²

Square Metres	40 m²
Price/m²	£7.1K/m²
Value Estimate	£191,848£191,848

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£71,250£71,250
Stamp Duty & Legal Fees	£11,500£11,500
Total Cash In	£82,750£82,750

Cash Out
Rent Range	£1,500 - £2,200£1,500 - £2,200
Rent Estimate	£1,575
Running Costs/mo	£1,226£1,226
Cashflow/mo	£349£349
Cashflow/yr	£4,193£4,193
ROI	5%5%
Gross Yield	7%7%

Local Sold Prices

43 sold prices from £161.5K to £315K, average is £262K. £3.6K/m² to £6K/m², average is £4.9K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£226K	01/21	0.22 mi	124, Croyland Road, London, Greater London N9 7BD	£3,965	57	2	Flat
£222.5K	10/20	0.27 mi	119, Croyland Road, London, Greater London N9 7BH	-	-	2	Flat
£262.5K	04/21	0.29 mi	62, Milestone Close, London, Greater London N9 9GA	£4,953	53	2	Flat
£273.5K	07/21	0.31 mi	17, Ruskin Walk, London, Greater London N9 9DT	£3,907	70	2	Flat
£280K	02/23	0.33 mi	89, Church Lane, London, Greater London N9 9QA	£4,000	70	2	Flat
£278K	10/22	0.34 mi	13, Sawyer Close, London, Greater London N9 9XP	£6,043	46	2	Flat
£270K	12/22	0.4 mi	27, Beechwood Mews, London, Greater London N9 9XH	£4,762	57	2	Flat
£250K	09/23	0.4 mi	31, Beechwood Mews, London, Greater London N9 9XH	£4,545	55	2	Flat
£250K	01/21	0.4 mi	15, Beechwood Mews, London, Greater London N9 9XH	£4,604	54	2	Flat
£290K	03/23	0.4 mi	29, Beechwood Mews, London, Greater London N9 9XH	£5,257	55	2	Flat
£303K	09/22	0.4 mi	17, Lichfield Road, London, Greater London N9 9HD	£5,203	58	2	Flat
£258K	12/20	0.5 mi	21, All Saints Close, London, Greater London N9 9AT	£4,868	53	2	Flat
£248K	06/21	0.5 mi	201, St Marys Road, Edmonton, London, Greater London N9 8NR	£3,992	62	2	Flat
£240K	10/22	0.56 mi	6, Hennessy Road, London, Greater London N9 0XQ	-	-	2	Flat
£247.5K	06/21	0.57 mi	21, Hennessy Road, London, Greater London N9 0XA	-	-	2	Flat
£257K	10/22	0.58 mi	14, Hennessy Road, London, Greater London N9 0XQ	-	-	2	Flat
£240K	04/21	0.58 mi	30, Pentland Close, London, Greater London N9 0XN	£4,898	49	2	Flat
£240K	04/21	0.58 mi	30, Pentland Close, London, Greater London N9 0XN	£4,898	49	2	Flat
£280K	06/23	0.6 mi	Ground Floor Flat, 23, Arthur Road, London, Greater London N9 9AF	£3,636	77	2	Flat
£225K	04/21	0.61 mi	32, Buxton Close, London, Greater London N9 0XL	-	-	2	Flat
£253K	05/21	0.62 mi	35, Martin Close, London, Greater London N9 8UE	£3,953	64	2	Flat
£315K	10/23	0.66 mi	16a, Sunnyside Road North, London, Greater London N9 9SW	-	-	2	Flat
£240K	10/23	0.67 mi	96, Hudson Way, Edmonton, London, Greater London N9 0XG	£4,444	54	2	Flat
£248K	05/21	0.67 mi	114, Hudson Way, London, Greater London N9 0XG	£4,206	59	2	Flat
£262K	05/21	0.73 mi	Flat 4, Romany House, Beaconsfield Road, London, Greater London N9 0PY	-	-	2	Flat
£257.5K	09/21	0.8 mi	42, Grilse Close, London, Greater London N9 0UU	£4,952	52	2	Flat
£270K	09/22	0.8 mi	49, Pycroft Way, London, Greater London N9 9XU	£5,348	50	2	Flat
£260K	03/21	0.81 mi	53, Pycroft Way, London, Greater London N9 9XU	£4,906	53	2	Flat
£277K	03/21	0.81 mi	70, Sandhurst Road, London, Greater London N9 8BJ	£5,130	54	2	Flat
£277K	05/21	0.81 mi	36, Sandhurst Road, London, Greater London N9 8BJ	£5,653	49	2	Flat
£225K	09/22	0.81 mi	185b, Church Street, Edmonton, London, Greater London N9 9HL	-	-	2	Flat
£285K	02/23	0.81 mi	80, Sandhurst Road, London, Greater London N9 8BJ	£5,089	56	2	Flat
£274.5K	06/21	0.81 mi	84, Sandhurst Road, London, Greater London N9 8BJ	-	-	2	Flat
£315K	06/21	0.82 mi	99, Sandhurst Road, London, Greater London N9 8BA	-	-	2	Flat
£280K	10/23	0.82 mi	57, Sandhurst Road, London, Greater London N9 8BA	-	-	2	Flat
£280K	09/21	0.82 mi	49, Sandhurst Road, London, Greater London N9 8BA	£4,667	60	2	Flat
£275K	03/22	0.82 mi	41, Jeremys Green, London, Greater London N18 2NB	£4,260	65	2	Flat
£260K	12/22	0.83 mi	52, Pycroft Way, London, Greater London N9 9XY	£4,407	59	2	Flat
£277K	11/20	0.91 mi	21, Kennedy Avenue, Enfield, Greater London EN3 4PA	£4,946	56	2	Flat
£265K	07/22	0.92 mi	28, Herne Mews, London, Greater London N18 2QZ	-	-	2	Flat
£260K	06/21	0.93 mi	Flat 7, Constable House, Ayley Croft, Enfield, Greater London EN1 1XX	-	-	2	Flat
£161.5K	06/21	0.98 mi	Flat 29, Churchill Court, Ainsley Close, Edmonton, London, Greater London N9 9XJ	-	-	2	Flat
£300K	04/21	0.99 mi	87b, High Street, Enfield, Greater London EN3 4EE	£5,263	57	2	Flat

Local Rents

43 rents from £1.5K/mo to £2.2K/mo, average is £1.8K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,690	01/25	0.01 mi	-	2	Flat
£1,850	05/24	0.01 mi	-	2	Flat
£1,850	06/24	0.01 mi	-	2	Flat
£1,900	07/24	0.08 mi	-	2	Semi-Detached House
£1,900	06/24	0.08 mi	South Road, London, N9	2	Semi-Detached House
£1,900	07/24	0.08 mi	South Road, London, N9	2	Semi-Detached House
£1,900	07/24	0.08 mi	South Road, London, N9	2	Semi-Detached House
£1,850	02/25	0.12 mi	-	2	Terraced House
£1,800	03/25	0.13 mi	-	2	Flat
£1,650	01/25	0.14 mi	-	2	Flat
£1,550	06/24	0.24 mi	Washbourne Court, Acton Close, Edmonton, N9	2	Flat
£1,650	12/24	0.24 mi	-	2	Flat
£1,650	02/25	0.24 mi	-	2	Flat
£1,795	05/24	0.25 mi	-	2	Flat
£1,795	03/25	0.25 mi	-	2	Flat
£1,795	05/24	0.25 mi	-	2	Flat
£1,900	07/24	0.31 mi	Doncaster Roads, Edmonton, N9	2	Terraced House
£1,850	02/24	0.35 mi	Marlborough Road, Edmonton, N9	2	Terraced House
£2,000	05/24	0.35 mi	-	2	Flat
£1,900	07/24	0.35 mi	Marlborough Road, Edmonton, N9	2	Terraced House
£1,800	03/25	0.36 mi	-	2	Terraced House
£1,695	05/24	0.38 mi	-	2	Flat
£1,850	07/24	0.38 mi	-	2	Flat
£1,800	12/24	0.39 mi	-	2	Terraced House
£2,200	01/25	0.4 mi	-	2	Terraced House
£1,750	01/25	0.4 mi	-	2	Flat
£1,900	01/25	0.42 mi	-	2	Flat
£1,900	02/25	0.42 mi	-	2	Flat
£1,950	02/24	0.43 mi	-	2	Terraced House
£1,600	02/24	0.44 mi	-	2	Flat
£1,600	02/24	0.44 mi	-	2	Flat
£1,950	07/24	0.44 mi	Town Road London N9	2	Terraced House
£1,800	03/25	0.47 mi	-	2	Flat
£1,850	01/25	0.47 mi	-	2	Terraced House
£1,500	01/25	0.48 mi	-	2	Flat
£1,600	07/24	0.48 mi	Flexistowe Road, London, N9	2	Flat
£1,600	07/24	0.48 mi	-	2	Flat
£1,650	06/24	0.53 mi	-	2	Flat
£1,850	12/24	0.55 mi	-	2	Flat
£1,850	12/24	0.55 mi	-	2	Flat
£1,700	05/24	0.56 mi	-	2	Flat
£1,700	06/24	0.59 mi	Arthur Road, Edmonton, N9	2	Flat
£1,700	03/25	0.6 mi	-	2	Flat

Local Area Statistics

Population in N9	51,42251,422
Population in London	4,771,9214,771,921
Town centre distance	7.35 miles away7.35 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	0.45 miles away0.45 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+26%+26%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+12%+12%

Property History

Listed for £285,000

November 19, 2024

Sold for £160,000

2014

Floor Plans

Description

We are delighted to present this charming two-bedroom converted flat located on the top floor, offered with no chain. This property is perfect for first-time buyers or those seeking a potential investment opportunity.

The flat features two well-proportioned bedrooms, a bathroom, a kitchen, and a comfortable lounge—providing ample space for modern living. Nestled just off Hartford Road, you’ll find yourself surrounded by a vibrant array of local shops, restaurants, cafés, and eateries, ensuring you have everything you need right at your doorstep.

Convenience is at your fingertips with excellent bus routes that provide easy access to Enfield and Edmonton Green shopping centre, as well as Edmonton Green train station, which connects you directly to Seven Sisters Tube and Liverpool Street Station.

Additional benefits of this property include a designated parking space, easing any concerns about parking in this lively area.

Don’t miss out on this fantastic opportunity! We highly recommend viewing this lovely flat to truly appreciate its potential. Please give us a call to discuss further and book your viewing today!

Agent Details

Bairstow Eves, Edmonton

020 3871 0501

Next Steps?

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

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2 Bed Flat, Single Let, London, N9 7LB, £285,000

ValuationOvervalued

CashflowsOpen in Analyser

Local Sold PricesDownload Show map

Local RentsDownload Show map

Links

Local Area Statistics

Property History

Floor Plans

Description

Agent Details

Next Steps?

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Cashflows

Local Sold Prices

Local Rents