2 Bed Flat, Refurb/BRRR, Enfield, EN1 2DL, £350,000

Village Road, Enfield, EN1 2DL - 5 months ago

Sold STC
Leasehold
Refurb/BRRR
ROI: 2%
~68 m²
+7 photos

ValuationUndervalued

Sold Prices£150K - £665K
Sold Prices/m²£2.6K/m² - £7.1K/m²

 

 

Square Metres

~68.11 m²
Price/m²£5.1K/m²

Value Estimate

£360,500
BMV3%

 

 

End Value (After Refurb)

£389,652

Uplift in Value

+11%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£87,500

Stamp Duty & Legal Fees

£16,700

Refurb Costs

£36,033

Bridging Loan Interest

£9,188

Total Cash In

£151,170

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£389,652

Mortgage (After Refinance)

£292,239

Mortgage LTV

75%

Cash Released

£29,739

Cash Left In

£121,432

Equity

£97,413

Rent Range

£1,400 - £2,450

Rent Estimate

£1,794

Running Costs/mo

£1,596

Cashflow/mo

£198

Cashflow/yr

£2,370

ROI

2%

Gross Yield

6%

Local Sold Prices

50 sold prices from £150K to £665K, average is £340K. £2.6K/m² to £7.1K/m², average is £5.3K/m².

PriceDateDistanceAddressBeds 
£385K12/200.14 miFlat 22, Austin Court, Village Road, Enfield, Greater London EN1 2DY2
£365K02/210.14 miFlat 2, Austin Court, Village Road, Enfield, Greater London EN1 2DY2
£263K05/230.16 mi4, Camberley Avenue, Enfield, Greater London EN1 2AR2
£360K11/220.17 mi105, Uvedale Road, Enfield, Greater London EN2 6HD2
£348K02/230.21 mi11, Mortimer Drive, Enfield, Greater London EN1 2LH2
£475K09/230.22 miFlat 6, Brooklands Court, Bush Hill, London, Greater London N21 2BZ2
£350K04/210.26 mi49a, Chalkwell Park Avenue, Enfield, Greater London EN1 2AN2
£350K06/210.27 mi35, Beresford Gardens, Enfield, Greater London EN1 1NN2
£345K05/210.27 mi2, Adamsrill Close, Enfield, Greater London EN1 2BP2
£375K02/230.27 mi20, Adamsrill Close, Enfield, Greater London EN1 2BP2
£297.5K02/210.3 mi33, Winchester Close, Enfield, Greater London EN1 2ES2
£400K09/210.34 mi1, Village Park Close, Enfield, Greater London EN1 2SG2
£313K03/210.34 mi7, Lingfield Close, Enfield, Greater London EN1 2JL2
£293K03/230.34 mi10, Lingfield Close, Enfield, Greater London EN1 2JL2
£276K07/230.35 mi95, Beresford Gardens, Enfield, Greater London EN1 1NP2
£305K05/210.36 mi61, Eaton Road, Enfield, Greater London EN1 1NJ2
£460K08/230.36 mi18, Falmer Road, Enfield, Greater London EN1 1PY2
£315K10/220.37 mi45, Eaton Road, Enfield, Greater London EN1 1NJ2
£365K11/210.4 mi27, Queens Road, Enfield, Greater London EN1 1NF2
£295K12/200.42 mi2a, Eaton Road, Enfield, Greater London EN1 1NA2
£384K03/210.42 mi80a, Cecil Avenue, Enfield, Greater London EN1 1PP2
£325K01/230.43 mi15, Stanley Road, Enfield, Greater London EN1 1NG2
£375K05/210.49 mi41, St Andrews Road, Enfield, Greater London EN1 3UA2
£340K08/210.5 mi35b, St Marks Road, Enfield, Greater London EN1 1BG2
£350K06/230.5 mi12, Calder Close, Enfield, Greater London EN1 3TS2
£332.5K11/210.51 miFlat 13, Chapel Court, St Marks Road, Enfield, Greater London EN1 1DT2
£420K06/210.54 mi30a, Little Park Gardens, Enfield, Greater London EN2 6PG2
£415K11/220.59 mi114a, Village Road, Enfield, Greater London EN1 2EX2
£290K08/210.61 mi126, Village Road, Enfield, Greater London EN1 2EX2
£250K06/210.61 mi44, Roman Way, Enfield, Greater London EN1 1EQ2
£412.5K01/210.67 mi4, Windmill Hill, Enfield, Greater London EN2 6SA2
£500K12/200.69 mi14, Riversfield Road, Enfield, Greater London EN1 3DJ2
£340K07/230.7 mi235, Southbury Road, Enfield, Greater London EN1 1QZ2
£305K03/210.71 mi175, Gladbeck Way, Enfield, Greater London EN2 7EW2
£285K03/210.72 mi53, Gladbeck Way, Enfield, Greater London EN2 7EL2
£260K06/210.76 miFlat 7, Constable House, Ayley Croft, Enfield, Greater London EN1 1XX2
£300K06/210.76 mi91, Cobham Close, Enfield, Greater London EN1 3SD2
£272K02/210.76 mi29, Cobham Close, Enfield, Greater London EN1 3SD2
£315K10/210.77 mi23, Cobham Close, Enfield, Greater London EN1 3SD2
£300K02/210.77 miFirst Floor Maisonette, 281, Great Cambridge Road, Enfield, Greater London EN1 1SQ2
£665K06/210.78 mi31, The Coppice, Enfield, Greater London EN2 7BX2
£340K12/200.79 mi46, Waverley Road, Enfield, Greater London EN2 7AQ2
£295K03/230.79 mi48, Waverley Road, Enfield, Greater London EN2 7AQ2
£150K09/230.8 mi29, Homewillow Close, London, Greater London N21 2HJ2
£290K06/230.8 mi35, Homewillow Close, London, Greater London N21 2HJ2
£500K06/230.81 miFlat 13, Claremont Heights, Crescent Road, Enfield, Greater London EN2 7RY2
£172K04/210.82 mi37, The Grangeway, London, Greater London N21 2HD2
£340K01/210.82 mi51, The Grangeway, London, Greater London N21 2HD2
£295K09/230.82 mi25b, The Grangeway, London, Greater London N21 2HD2
£348K12/220.83 mi110a, Baker Street, Enfield, Greater London EN1 3EZ2

Local Rents

50 rents from £1.4K/mo to £2.5K/mo, average is £1.8K/mo.

RentDateDistanceAddressBeds 
£2,06204/240.06 miVillage Road, Bush Hill Park, Enfield, EN12
£2,00002/240.08 mi-2
£1,60004/240.12 mi69 London Road, Enfield2
£1,60002/240.14 mi-2
£1,55003/240.17 miWoodfield Close, EN12
£1,80004/240.23 miLondon Road, London, EN22
£1,85004/250.23 mi-2
£1,89512/240.23 mi-2
£1,89512/240.23 mi-2
£1,89512/240.23 mi-2
£1,89512/240.23 mi-2
£1,89501/250.23 mi-2
£1,80002/240.24 mi-2
£1,80012/240.24 mi-2
£1,80012/240.24 mi-2
£1,75003/240.25 miSydney Road, London, EN22
£2,10003/240.25 miSydney Road, Enfield Town, EN22
£1,75003/240.25 miTower Point, Sydney Road, EN22
£2,45004/240.25 miTower Point, 52 Sydney Road, Enfield, London, EN22
£1,60004/240.25 miTower Point, EN22
£1,60005/240.25 miTower Point, EN22
£1,50004/250.25 mi-2
£1,75003/250.26 mi-2
£1,75003/240.28 miWellington Road, ENFIELD2
£1,55003/240.28 miWinchester Close, Enfield, EN12
£1,95003/240.29 miDowns Road, ENFIELD2
£1,80003/240.32 miVillage Park Close, Enfield, EN12
£1,65005/240.32 miBeresford Gardens, Enfield, EN12
£1,80005/240.33 miVillage Park Close, London, EN12
£1,80012/240.33 mi-2
£1,82503/240.34 miRedwood House, Enfield, EN22
£1,60003/240.35 mi-2
£1,89504/240.37 miSt. Stephens Court, Enfield, EN12
£1,89505/240.37 mi-2
£1,67504/240.38 miGenotin Terrace, Enfield2
£2,00004/240.39 mi-2
£1,80003/250.39 mi-2
£1,75003/240.39 miGenotin Terrace, Enfield2
£1,85002/250.39 mi-2
£1,70005/240.4 mi-2
£1,75003/250.4 mi-2
£1,60003/240.42 miGenotin Road, Enfield Town2
£1,85002/250.42 mi-2
£1,60004/250.42 mi-2
£1,75003/240.42 miColman Parade, Southbury Road, Enfield, EN12
£1,75005/240.42 miColman Parade, Southbury Road, Enfield, EN12
£1,40012/240.43 mi-2
£1,75003/240.44 miTower Point, Sydney Road, Enfield2
£1,55012/240.44 mi-2
£1,55004/240.45 miQueen Annes Place, Enfield2

Local Area Statistics

Population in EN1

45,671

Population in Enfield

130,248

Town centre distance

0.82 miles away

Nearest school

0.50 miles away

Nearest train station

0.38 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+5%

Sales demand

Balanced market

Capital growth (5yrs)

+18%

Property History

Listed for £350,000

November 25, 2024

Floor Plans

Description

  • Spacious Lounge With Delightful Outlook +
  • Good Sized Kitchen +
  • Two Double Bedrooms +
  • Own Garage +
  • Share Of Freehold +
  • Communal Gardens +
  • Gas Central Heating +

SUMMARY
Spacious top floor purpose built apartment in a desirable development in one of Enfield's most sought after tree lined turnings, within level walking distance of Enfield Town shopping centre and rail station (Liverpool Street Line).

DESCRIPTION
An excellent opportunity to purchase this spacious top floor purpose built apartment in a desirable development in one of Enfield's most sought after tree lined turnings, within level walking distance of Enfield Town shopping centre and rail station (Liverpool Street Line).

The accommodation requires some modernisation but features include:-

Entrance Hall 
Fitted carpet, cupboard housing gas central heating boiler (requires replacing), entryphone system.

Lounge 18' 1" x 12' ( 5.51m x 3.66m )
Fitted carpet, two radiators, delightful views over communal gardens.

Kitchen 11' x 8' ( 3.35m x 2.44m )
Stainless steel sink unit with cupboards under, matching base units, matching wall cabinets, fitted carpet.

Bedroom One 15' x 11' 7" ( 4.57m x 3.53m )
Fitted carpet, radiator, range of built-in wardrobe cupboards.

Bedroom Two 11' 9" x 8' 2" ( 3.58m x 2.49m )
Fitted carpet, radiator.

Spacious Bathroom  
Panelled bath with mixer taps and shower attachment, shower curtain and rail, pedestal wash hand basin, radiator.

Separate Wc 
Low flush suite, radiator, fitted carpet.

Outside 
Communal gardens surround the block with extensive lawn, driveway access to garages. The flat enjoys ownership of one of the garages.

We currently hold lease details as displayed above, should you require further information please contact the branch. Please note additional fees could be incurred for items such as leasehold packs.

1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER SEQUENCE (UK) LIMITED NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.

Agent Details

Barnfields Estate Agents, Enfield

020 3907 2775

Next Steps?

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