2 Bed Flat, Cash/Bridging Only, London, N18 1UY, £255,000

Whitehead Close Edmonton N18 1UY - 1 views - 4 months ago

Leasehold
Cash
ROI: 4%
~68 m²
+3 photos

ValuationFair Value

Sold Prices£230K - £500K
Sold Prices/m²£3.2K/m² - £8.3K/m²

 

 

Square Metres

~68.11 m²
Price/m²£3.7K/m²

Value Estimate

£255,000

 

 

End Value (After Refurb)

£342,426

Uplift in Value

+34%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£63,750

Stamp Duty & Legal Fees

£9,100

Refurb Costs

£36,059

Bridging Loan Interest

£6,694

Total Cash In

£117,353

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£342,426

Agent Fees (1%)

£3,424

Bridging Loan

£191,250

Bridging Loan Interest

£6,694

Flip Profit

£30,399

Local Sold Prices

35 sold prices from £230K to £500K, average is £295K. £3.2K/m² to £8.3K/m², average is £5.2K/m².

PriceDateDistanceAddressBeds 
£245K07/220.25 mi82, Wigston Close, London, Greater London N18 1XF2
£250K08/220.3 mi55, Tanners End Lane, London, Greater London N18 1PQ2
£243K02/230.3 mi38, Tanners End Lane, London, Greater London N18 1PG2
£255K06/220.31 mi49, Tanners End Lane, London, Greater London N18 1PQ2
£230K06/220.39 mi23, Dickens Lane, London, Greater London N18 1PH2
£251K10/210.4 mi14, Dickens Lane, London, Greater London N18 1PH2
£295K08/210.58 mi8, Cherry Blossom Close, London, Greater London N13 6BQ2
£310K04/210.62 mi17, Academia Way, London, Greater London N17 8HE2
£325K02/210.66 mi204, Millicent Grove, London, Greater London N13 6HS2
£320K03/230.66 mi148, Millicent Grove, London, Greater London N13 6HS2
£310K03/240.66 mi204, Millicent Grove, London, Greater London N13 6HS2
£320K08/210.69 miFlat 37, Somerset Hall, Creighton Road, London, Greater London N17 8SH2
£275K11/200.7 miFlat 55, Somerset Hall, Creighton Road, London, Greater London N17 8SH2
£305K11/200.7 mi192, Millicent Grove, London, Greater London N13 6HS2
£290K06/210.72 mi233a, Tottenhall Road, London, Greater London N13 6DJ2
£410.1K02/210.72 mi129a, Hazelwood Lane, London, Greater London N13 5HH2
£290K11/220.73 miFlat 46, Somerset Hall, Creighton Road, London, Greater London N17 8SH2
£233K02/220.74 miFlat 7, Bridport House, Colyton Way, London, Greater London N18 2XJ2
£275K02/210.76 mi20, St Pauls Rise, London, Greater London N13 6LB2
£301K08/230.76 mi22, St Pauls Rise, London, Greater London N13 6LB2
£275K02/210.79 mi20, St Pauls Rise, London, Greater London N13 6LB2
£430K01/230.79 miFlat 2, Hazelwood House, New River Crescent, London, Greater London N13 5RE2
£349.9K05/210.8 miFlat 5, Hazelwood House, New River Crescent, London, Greater London N13 5RE2
£496.5K12/200.81 mi48, New River Crescent, London, Greater London N13 5RF2
£260K03/210.83 mi53, Pycroft Way, London, Greater London N9 9XU2
£260K12/220.83 mi52, Pycroft Way, London, Greater London N9 9XY2
£270K09/220.83 mi49, Pycroft Way, London, Greater London N9 9XU2
£316K04/210.84 mi41, Courtman Road, London, Greater London N17 7HT2
£400K12/220.86 mi84, New River Crescent, London, Greater London N13 5RJ2
£397.5K02/210.88 mi25, Kingsley Road, London, Greater London N13 5PJ2
£315K10/230.92 mi16a, Sunnyside Road North, London, Greater London N9 9SW2
£493K10/200.94 mi28, Lightcliffe Road, London, Greater London N13 5HD2
£500K03/230.94 mi28, Lightcliffe Road, London, Greater London N13 5HD2
£265K07/220.98 mi28, Herne Mews, London, Greater London N18 2QZ2
£262K05/211 miFlat 4, Romany House, Beaconsfield Road, London, Greater London N9 0PY2

Local Rents

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

RentDateDistanceAddressBeds 
£1,80007/240.15 mi-2
£2,05005/240.17 mi-2
£2,50002/250.17 mi-2
£1,50005/240.19 miHuxley Parade, Great Cambridge Road, N182
£1,80003/250.31 mi-2
£1,70005/240.33 miLopen Road, London, N182
£1,60012/240.33 mi-2
£1,75001/250.34 mi-2
£1,70001/250.35 mi-2
£1,85005/240.35 mi-2
£1,60001/250.38 mi-2
£1,70005/240.38 mi-2
£1,70005/240.38 mi-2
£1,70005/240.4 miEmpire House, N18, Edmonton, London, N182
£1,80006/240.4 miEmpire House, N18, Edmonton, London, N182
£1,59005/240.48 miWarwick Road, Edmonton, N182
£2,28502/250.5 mi-2
£1,75006/240.56 miBriar Close, Palmers Green, N13 2
£1,80005/240.56 miBeckenham Gardens, London2
£1,45005/240.56 miCherry Blossom Close, London, N132
£1,90012/240.57 mi-2
£1,90012/240.57 mi-2
£1,85012/240.57 mi-2
£2,00012/240.57 mi-2
£1,90012/240.57 mi-2
£1,90012/240.57 mi-2
£2,00006/240.62 mi-2

Local Area Statistics

Population in N18

31,598

Population in London

4,771,921

Town centre distance

6.04 miles away

Nearest school

0.20 miles away

Nearest train station

0.43 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+19%

Sales demand

Buyer's market

Capital growth (5yrs)

+10%

Property History

Listed for £255,000

November 29, 2024

Description

  • Recently extended Lease +
  • Ideal Investment Opportunity +
  • Two Bedroom Flat +
  • Popular Development +

BUY TO LET INVESTORS OR CASH BUYERS ONLY INVESTMENT OPPORTUNITY  John Grants are delighted to offer for sale this first floor two bedroom purpose built flat, with the benefits of a recently renewed Lease. The property will be sold with tenants in Situ and is located on a popular development with easy access to both the A406 North Circular road and the A10 Great Cambridge road. Please contact the office for further information.

Agent Details

John Grants Estate Agents Ltd, London

024 7542 2200

Next Steps?

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