2 Bed Terraced House, Refurb/BRRR, Enfield, EN1 4UU, £390,000

4 Bressey Avenue, Enfield, Greater London, EN1 4UU - 3 views - 5 months ago

Sold STC
Refurb/BRRR
ROI: 1%
63 m²
+7 photos

ValuationOvervalued

Sold Prices£170K - £775K
Sold Prices/m²£3.4K/m² - £7.7K/m²

 

 

Square Metres

63 m²
Price/m²£6.2K/m²

Value Estimate

£360,000

 

 

End Value (After Refurb)

£370,250

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£97,500

Stamp Duty & Legal Fees

£20,700

Refurb Costs

£33,329

Bridging Loan Interest

£10,238

Total Cash In

£163,517

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£370,250

Mortgage (After Refinance)

£277,688

Mortgage LTV

75%

Cash Left In

£163,517

Equity

£92,563

Rent Range

£1,450 - £1,850

Rent Estimate

£1,626

Running Costs/mo

£1,502

Cashflow/mo

£124

Cashflow/yr

£1,485

ROI

1%

Gross Yield

5%

Local Sold Prices

50 sold prices from £170K to £775K, average is £407K. £3.4K/m² to £7.7K/m², average is £5.9K/m².

PriceDateDistanceAddressBeds 
£425K04/210.03 mi20, Bressey Avenue, Enfield, Greater London EN1 4UU2
£372.5K01/210.2 mi119, Mahon Close, Enfield, Greater London EN1 4DL2
£368K06/210.3 mi103, Worcesters Avenue, Enfield, Greater London EN1 4ND2
£330K06/230.3 mi66, Central Avenue, Enfield, Greater London EN1 3QF2
£380K06/210.32 mi111, Goat Lane, Enfield, Greater London EN1 4UD2
£445K06/230.33 mi121, Pembroke Avenue, Enfield, Greater London EN1 4EZ2
£361K08/210.35 mi60, Pentrich Avenue, Enfield, Greater London EN1 4NA2
£430K06/210.4 mi38, Russell Road, Enfield, Greater London EN1 4TW2
£375K06/210.4 mi69, Russell Road, Enfield, Greater London EN1 4TW2
£340K02/210.41 mi91, Tynemouth Drive, Enfield, Greater London EN1 4LP2
£380K03/210.41 mi109, Tynemouth Drive, Enfield, Greater London EN1 4LP2
£382K06/210.42 mi82, Stoneleigh Avenue, Enfield, Greater London EN1 4HG2
£408K01/230.43 mi83, Severn Drive, Enfield, Greater London EN1 4LY2
£325K11/220.47 mi81, Inverness Avenue, Enfield, Greater London EN1 3NX2
£775K11/200.51 miElsynge Cottage, Forty Hill, Enfield, Greater London EN2 9EU2
£450K01/210.55 mi17, Forty Hill, Enfield, Greater London EN2 9HT2
£375K07/210.64 mi114, Roedean Avenue, Enfield, Greater London EN3 5QN2
£390K06/210.65 mi46, Tenniswood Road, Enfield, Greater London EN1 3LJ2
£406K01/210.65 mi38, Tenniswood Road, Enfield, Greater London EN1 3LJ2
£311K05/210.69 mi29a, The Loning, Enfield, Greater London EN3 5RG2
£380K04/210.74 mi53, Churchbury Road, Enfield, Greater London EN1 3HP2
£525K06/210.75 mi71a, Riversfield Road, Enfield, Greater London EN1 3DH2
£525K06/210.75 mi71a, Riversfield Road, Enfield, Greater London EN1 3DH2
£362.5K08/210.76 mi31, Primrose Avenue, Enfield, Greater London EN2 0SZ2
£360K02/230.77 mi40, Primrose Avenue, Enfield, Greater London EN2 0SY2
£370K10/200.77 mi12, Primrose Avenue, Enfield, Greater London EN2 0SY2
£390K04/230.79 mi23a, Ashford Crescent, Enfield, Greater London EN3 7HU2
£490K04/210.82 mi16, The Vineries, Enfield, Greater London EN1 3DQ2
£470K01/230.82 mi1, Craddock Road, Enfield, Greater London EN1 3SR2
£470K06/210.84 mi36, Hawthorn Grove, Enfield, Greater London EN2 0DS2
£370K02/230.84 mi91, Winnington Road, Enfield, Greater London EN3 5RL2
£522.5K12/210.85 mi203, Southbury Road, Enfield, Greater London EN1 1QR2
£522.5K12/210.85 mi203, Southbury Road, Enfield, Greater London EN1 1QR2
£420K10/220.85 mi88, Turkey Street, Enfield, Greater London EN1 4PT2
£445K05/210.86 mi5, Bell Road, Enfield, Greater London EN1 3JZ2
£340K05/230.87 mi68, Turkey Street, Enfield, Greater London EN3 5TN2
£505K03/210.88 mi20, Farr Road, Enfield, Greater London EN2 0DE2
£393.5K07/230.9 mi63, Burncroft Avenue, Enfield, Greater London EN3 7JQ2
£476K06/210.91 mi41, Bertram Road, Enfield, Greater London EN1 1LR2
£435K10/200.91 mi21, Bertram Road, Enfield, Greater London EN1 1LR2
£440K12/200.91 mi9, Bertram Road, Enfield, Greater London EN1 1LR2
£170K03/210.91 mi9, Saville Row, Enfield, Greater London EN3 7LD2
£370K12/200.91 mi21, Turkey Street, Enfield, Greater London EN3 5TT2
£400K04/210.92 mi42, Percival Road, Enfield, Greater London EN1 1QX2
£507K07/230.92 mi55, Percival Road, Enfield, Greater London EN1 1QS2
£415K02/210.92 mi53, Percival Road, Enfield, Greater London EN1 1QS2
£433.5K11/200.92 mi63, Percival Road, Enfield, Greater London EN1 1QS2
£510K12/220.92 mi41, Bertram Road, Enfield, Greater London EN1 1LR2
£464K03/230.93 mi42, Bertram Road, Enfield, Greater London EN1 1LT2
£450K05/210.95 mi2a, Westmoor Road, Enfield, Greater London EN3 7LE2

Local Rents

31 rents from £1.4K/mo to £1.9K/mo, average is £1.7K/mo.

RentDateDistanceAddressBeds 
£1,45010/230.04 miLinwood Crescent, Enfield, Middlesex, EN12
£1,75003/240.14 miMelling Drive2
£1,80004/240.14 mi-2
£1,75003/250.14 mi-2
£1,70003/250.14 mi-2
£1,85004/250.15 mi-2
£1,85003/240.16 miMelling Drive, Enfield, EN12
£1,80002/250.19 mi-2
£1,60004/250.3 mi-2
£1,80005/240.38 mi-2
£1,75002/250.39 mi-2
£1,65003/240.41 miEnfield, London, EN12
£1,65003/240.41 mi-2
£1,60003/240.41 mi-2
£1,85002/250.42 mi-2
£1,75004/250.43 mi-2
£1,67503/240.43 miBicknoller Road, London, EN12
£1,67504/240.43 mi-2
£1,50002/240.44 mi-2
£1,57503/240.44 miMyddelton Avenue, Enfield2
£1,50004/240.45 miBridge Close, Enfield, Middlesex, EN12
£1,50011/240.46 mi-2
£1,70012/240.49 mi-2
£1,60003/240.49 mi-2
£1,50003/240.52 miAdelaide Close, Enfield2
£1,50003/240.54 miAdelaide Close, Enfield EN1 4AA2
£1,57504/240.54 miForty Hill, Enfield, Middlesex, EN22
£1,50004/240.56 miSherbourne Avenue, Enfield2
£1,50005/240.56 miSherbourne Avenue, Enfield2
£1,70003/240.57 miCanonbury Road, Enfield, EN12
£1,80003/240.6 miBroadfield Square, EN12

Local Area Statistics

Population in EN1

45,671

Population in Enfield

130,248

Town centre distance

1.84 miles away

Nearest school

0.20 miles away

Nearest train station

0.91 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+5%

Sales demand

Balanced market

Capital growth (5yrs)

+18%

Property History

Price changed to £390,000

January 15, 2025

Listed for £400,000

November 20, 2024

Sold for £82,500

2003

Floor Plans

Description

  • 2 Bedrooms +
  • Entrance Hall +
  • Sitting/Dining Room +
  • Kitchen +
  • Bathroom +
  • Garden +
  • Off Street Parking +

Two bedroom terraced house boasting modern features, garden, and off-street parking. Conveniently located and affordable. Close to good schools and local amenities. Ideal for first-time buyers or investors. In need of some updating.

Located in a popular area, this modern terraced house offers a perfect blend of comfort and convenience. Boasting two well-appointed bedrooms, this property is ideal for a small family or professionals looking for a comfortable living space. The interior is a basic layout and may need some cosmetic updating.

The property features a garden where you can unwind and enjoy outdoor activities. Additionally, off-street parking is available, providing added convenience for residents and guests. With its affordable price point this property presents a fantastic opportunity for those seeking a contemporary home in a sought-after location. Don't miss out on the chance to make this modern terraced house your own. Contact us today to arrange a viewing.

This desirable part of Enfield benefits from cricket, tennis and golf clubs, a hospital, three overground stations that can take you into central London within 30 minutes, a myriad of green spaces, lots of shops, bars, restaurants and good road links to M25 and A1M.

Close to:

Primary Schools,
Carterhatch Primary School 0.5 miles
Worcesters Primary School 0.5 miles

Secondary Schools,
Bishop Stopford's School 0.7 miles
Chace Community School 0.9 miles

Amenities withing walking distance,
Enfield Town Railway Station 1.3 miles
Goat Lane supermarket 0.4 miles
Forty Hall Country Park 0.6 miles
Shops, bars & restaurants of Enfield Town 1.3 miles

Agent Details

Atkinsons Residential, Enfield - Sales

020 8366 0261

Next Steps?

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