3 Bed Flat, Single Let, Potters Bar, EN6 5BB, £300,000

High Street, Potters Bar, EN6 5BB - 1 views - 5 months ago

Leasehold

BTL

ROI: 7%

~93 m²

+2 photos

ValuationUndervalued

Sold Prices	£268K - £1.0M
Sold Prices/m²	£3.1K/m² - £5.6K/m²

Square Metres	~93 m²
Price/m²	£3.2K/m²
Value Estimate	£369,000£369,000
BMV	23%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£75,000£75,000
Stamp Duty & Legal Fees	£18,700£18,700
Total Cash In	£93,700£93,700

Cash Out
Rent Range	£1,700 - £2,750£1,700 - £2,750
Rent Estimate	£1,894
Running Costs/mo	£1,336£1,336
Cashflow/mo	£558£558
Cashflow/yr	£6,692£6,692
ROI	7%7%
Gross Yield	8%8%

Local Sold Prices

8 sold prices from £268K to £1.0M, average is £369K. £3.1K/m² to £5.6K/m², average is £5K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£330K	09/22	0.37 mi	13, St Johns Close, Potters Bar, Hertfordshire EN6 5PD	-	-	3	Flat
£268K	02/23	0.44 mi	8, Aston Way, Potters Bar, Hertfordshire EN6 5NT	£3,124	86	3	Flat
£322.5K	10/22	0.45 mi	120, Chace Avenue, Potters Bar, Hertfordshire EN6 5NP	-	-	3	Flat
£425K	07/23	0.47 mi	8, Stapleton Close, Potters Bar, Hertfordshire EN6 4AF	£5,592	76	3	Flat
£408K	01/21	1.04 mi	11, Firs Wood Close, Potters Bar, Hertfordshire EN6 4BY	£5,589	73	3	Flat
£312K	11/20	1.23 mi	12, Cranborne Close, Potters Bar, Hertfordshire EN6 3AU	£4,333	72	3	Flat
£1.0M	02/21	2.27 mi	87, Camlet Way, Barnet, Greater London EN4 0NL	-	-	3	Flat
£540K	09/21	2.95 mi	59, Brookside Crescent, Cuffley, Potters Bar, Hertfordshire EN6 4QP	-	-	3	Flat

Local Rents

14 rents from £1.7K/mo to £2.8K/mo, average is £2.1K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,800	12/24	0.11 mi	Hatfield Road, Potters Bar, Herts	3	Flat
£1,800	04/24	0.13 mi	Hatfield Road, Potters Bar, Hertfordshire, EN6	3	Flat
£2,395	03/25	0.37 mi	-	3	Semi-Detached House
£2,400	02/25	0.37 mi	-	3	Semi-Detached House
£2,750	12/24	0.38 mi	Torrington Drive, Potters Bar	3	Semi-Detached House
£1,700	04/25	0.41 mi	-	3	Terraced House
£2,000	04/24	0.44 mi	Albemarle Avenue, Potters Bar	3	Semi-Detached House
£1,950	04/24	0.46 mi	Mutton Lane, Potters Bar, Hertfordshire, EN6	3	Detached House
£2,200	04/24	0.46 mi	Oakmere Avenue, Potters Bar, EN6	3	Semi-Detached House
£2,600	12/24	0.49 mi	-	3	Detached House
£1,975	04/24	0.49 mi	Frampton Road, Potters Bar	3	Terraced House
£2,200	04/24	0.51 mi	Park Avenue, Potters Bar, Hertfordshire, EN6	3	Bungalow
£2,300	04/24	0.51 mi	Mutton Lane, Potters Bar, EN6	3	Semi-Detached House
£1,950	12/24	0.57 mi	-	3	Terraced House

Local Area Statistics

Population in EN6	29,06729,067
Population in Potters Bar	29,07529,075
Town centre distance	0.37 miles away0.37 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.82 miles away0.82 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

Price changed to £300,000

February 8, 2025

Listed for £320,000

November 20, 2024

Floor Plans

Description

3 Bedroom Duplex Flat +
CHAIN FREE +
Close To Local Amenities +
Close To Local Transport +
*250 Year Lease From 1978 +
Council Tax Band: B +

Tenure: Leasehold *Available with a 250 year lease is this chain free 3 bedroom duplex flat within walking distance of Potters Bar Station. Please note some images have been photoshopped and virtually decluttered to remove personal details and belongings of the current occupant EPC rating: D. Council tax band: B, Tenure: Leasehold, Annual ground rent: £25, Annual service charge: £364.15, Service charge description: Buildings Insurance,

Agent Details

Infinity Property Solutions, Harrow

020 3840 3560

Next Steps?

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