3 Bed Terraced House, Refurb/BRRR, London, N17 9BA, £500,000

Carew road , Tottenham Hale, London, N17 9BA - 8 views - 4 months ago

Under Offer

Refurb/BRRR

ROI: 4%

~93 m²

+7 photos

ValuationUndervalued

Sold Prices	£410K - £743.5K
Sold Prices/m²	£3.9K/m² - £10.2K/m²

Square Metres	~93 m²
Price/m²	£5.4K/m²
Value Estimate	£528,409£528,409
BMV	1%

End Value (After Refurb)	£564,953£564,953
Uplift in Value	+8%+8%

Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (25%)	£125,000£125,000
Stamp Duty & Legal Fees	£30,700£30,700
Refurb Costs	£49,200£49,200
Bridging Loan Interest	£13,125£13,125
Total Cash In	£219,775£219,775

Cash Out
Monetisation	FlipRefinance & RentRefinance & Rent
Revaluation	£564,953£564,953
Mortgage (After Refinance)	£423,715£423,715
Mortgage LTV	75%75%
Cash Released	£48,715£48,715
Cash Left In	£171,060£171,060
Equity	£141,238£141,238
Rent Range	£1,900 - £4,000£1,900 - £4,000
Rent Estimate	£3,091
Running Costs/mo	£2,404£2,404
Cashflow/mo	£687£687
Cashflow/yr	£8,248£8,248
ROI	4%4%
Gross Yield	7%7%

Local Sold Prices

50 sold prices from £410K to £743.5K, average is £550K. £3.9K/m² to £10.2K/m², average is £6K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£555K	07/23	0.04 mi	46, Mafeking Road, London, Greater London N17 9BG	-	-	3	Terraced House
£520K	06/21	0.04 mi	6, Mafeking Road, London, Greater London N17 9BG	£5,977	87	3	Terraced House
£525K	01/21	0.07 mi	8, Kimberley Road, London, Greater London N17 9BD	£6,176	85	3	Terraced House
£547.5K	04/23	0.07 mi	63, Dowsett Road, London, Greater London N17 9DL	-	-	3	Terraced House
£600K	06/23	0.08 mi	46, Thackeray Avenue, London, Greater London N17 9DY	£7,059	85	3	Terraced House
£550K	08/23	0.08 mi	40, Thackeray Avenue, London, Greater London N17 9DY	£6,395	86	3	Terraced House
£510K	04/21	0.09 mi	27, Thackeray Avenue, London, Greater London N17 9DT	£5,281	97	3	Terraced House
£522.5K	12/21	0.12 mi	90, Seymour Avenue, London, Greater London N17 9ED	-	-	3	Terraced House
£603K	07/23	0.12 mi	88, Seymour Avenue, London, Greater London N17 9ED	£6,281	96	3	Terraced House
£565K	10/23	0.12 mi	29, Seymour Avenue, London, Greater London N17 9RE	£5,947	95	3	Terraced House
£550K	09/21	0.16 mi	76, Sherringham Avenue, London, Greater London N17 9RP	-	-	3	Semi-Detached House
£517K	01/21	0.16 mi	37, Park View Road, London, Greater London N17 9AT	-	-	3	Terraced House
£600K	06/21	0.16 mi	156, Thackeray Avenue, London, Greater London N17 9DX	£7,059	85	3	Terraced House
£540K	03/21	0.17 mi	17, Parkhurst Road, London, Greater London N17 9RB	-	-	3	Terraced House
£610K	06/23	0.19 mi	133, Seymour Avenue, London, Greater London N17 9RH	£6,854	89	3	Terraced House
£550K	11/21	0.19 mi	19, Rosebery Avenue, London, Greater London N17 9RY	£5,914	93	3	Terraced House
£545K	03/23	0.19 mi	27, Dawlish Road, London, Greater London N17 9HN	£6,412	85	3	Terraced House
£477.5K	11/21	0.22 mi	127, Sherringham Avenue, London, Greater London N17 9RU	£5,134	93	3	Terraced House
£540K	09/21	0.24 mi	64, Scales Road, London, Greater London N17 9EZ	-	-	3	Terraced House
£555K	01/23	0.29 mi	31, Burlington Road, London, Greater London N17 9UH	-	-	3	Terraced House
£410K	09/21	0.34 mi	24, Fairbanks Road, London, Greater London N17 9JJ	-	-	3	Terraced House
£420K	05/23	0.35 mi	5, Moorefield Road, London, Greater London N17 6PX	£5,455	77	3	Terraced House
£471K	10/21	0.35 mi	11, Moorefield Road, London, Greater London N17 6PX	£3,893	121	3	Terraced House
£650K	01/21	0.39 mi	3, Newlyn Road, London, Greater London N17 6RX	£6,075	107	3	Terraced House
£600K	06/21	0.41 mi	106, Lansdowne Road, Tottenham, London, Greater London N17 9XX	£4,975	121	3	Terraced House
£625K	09/22	0.43 mi	25, Vicarage Road, London, Greater London N17 0BB	£5,580	112	3	Semi-Detached House
£575K	01/21	0.44 mi	91, Woodside Gardens, London, Greater London N17 6UN	£5,693	101	3	Terraced House
£490K	03/21	0.44 mi	52, St Loy's Road, London, Greater London N17 6UD	£5,506	89	3	Terraced House
£620K	03/23	0.44 mi	96, St Loy's Road, London, Greater London N17 6UD	£5,299	117	3	Terraced House
£640K	06/23	0.46 mi	85, The Avenue, Tottenham, London, Greater London N17 6TB	£5,517	116	3	Terraced House
£641K	04/21	0.47 mi	94, Antill Road, London, Greater London N15 4BA	-	-	3	Terraced House
£630K	06/21	0.48 mi	71, Sperling Road, London, Greater London N17 6UJ	£6,429	98	3	Terraced House
£640K	03/21	0.48 mi	80, Greyhound Road, London, Greater London N17 6XN	£6,702	96	3	Terraced House
£625K	03/23	0.48 mi	92, Greyhound Road, London, Greater London N17 6XN	-	-	3	Terraced House
£547K	02/23	0.48 mi	219, Lansdowne Road, Tottenham, London, Greater London N17 0NU	-	-	3	Terraced House
£415K	09/21	0.49 mi	19, Asplins Road, London, Greater London N17 0NG	£3,945	105	3	Terraced House
£643K	06/21	0.49 mi	43, Antill Road, London, Greater London N15 4AR	£7,160	90	3	Terraced House
£690K	12/20	0.5 mi	14, Radley Road, London, Greater London N17 6RL	-	-	3	Terraced House
£743.5K	02/23	0.51 mi	33, Arnold Road, Tottenham, London, Greater London N15 4JF	£6,870	108	3	Terraced House
£660K	04/21	0.51 mi	122, Arnold Road, London, Greater London N15 4JH	£10,154	65	3	Terraced House
£717.5K	09/21	0.51 mi	30, Steele Road, London, Greater London N17 6YA	£7,351	98	3	Terraced House
£535K	05/23	0.51 mi	4, Arnold Road, Tottenham, London, Greater London N15 4JG	-	-	3	Terraced House
£495K	11/20	0.52 mi	56, Birkbeck Road, Tottenham, London, Greater London N17 8NG	£4,853	102	3	Terraced House
£420.5K	05/21	0.52 mi	1, Manor Road, London, Greater London N17 0JH	£4,380	96	3	Terraced House
£490K	05/23	0.53 mi	10, Colsterworth Road, London, Greater London N15 4BJ	-	-	3	Terraced House
£513.5K	04/21	0.53 mi	25, Birkbeck Road, Tottenham, London, Greater London N17 8NH	-	-	3	Terraced House
£480K	12/20	0.54 mi	19, Bromley Road, London, Greater London N17 0AR	£4,948	97	3	Terraced House
£500K	01/23	0.54 mi	20, Jarrow Road, London, Greater London N17 9PP	£7,463	67	3	Terraced House
£738K	06/23	0.54 mi	114, Broadwater Road, London, Greater London N17 6ET	£7,165	103	3	Terraced House
£627K	12/20	0.55 mi	45, Bruce Castle Road, London, Greater London N17 8NL	£5,405	116	3	Terraced House

Local Rents

51 rents from £1.9K/mo to £4K/mo, average is £3.4K/mo.

Rent	Date	Distance	Address	Beds	Type
£2,200	05/24	0.09 mi	Thackeray Avenue, Tottenham, London, N17	3	Terraced House
£2,600	03/25	0.11 mi	-	3	Terraced House
£2,100	12/24	0.15 mi	-	3	Terraced House
£2,250	12/24	0.15 mi	-	3	Terraced House
£2,250	12/24	0.15 mi	Park View Road, London, N17	3	Terraced House
£2,500	03/24	0.17 mi	Park View Road, London, N17	3	Terraced House
£3,380	06/24	0.22 mi	Ashley Road, London N17 9NW	3	Flat
£3,380	06/24	0.22 mi	Ashley Road, London N17 9NW	3	Flat
£3,580	05/24	0.23 mi	Ashley Road, London, N17	3	Flat
£3,580	05/24	0.23 mi	Ashley Road, London, N17	3	Flat
£3,580	05/24	0.23 mi	Ashley Road, London, N17	3	Flat
£3,600	06/24	0.23 mi	Ashley Road, London, N17	3	Flat
£3,600	06/24	0.23 mi	Ashley Road, London, N17	3	Flat
£3,610	12/24	0.23 mi	Ashley Road, London, N17	3	Flat
£3,600	12/24	0.23 mi	Ashley Road, London, N17	3	Flat
£3,820	05/24	0.23 mi	The Sessile, 18 Ashley Road, London, N17 9NT	3	Flat
£3,695	05/24	0.23 mi	The Sessile, 18 Ashley Road, London, N17 9NW	3	Flat
£3,800	05/24	0.23 mi	The Sessile, 18 Ashley Road, London, N17 9NT	3	Flat
£3,610	06/24	0.23 mi	The Sessile, 18 Ashley Road, London, N17 9ZS	3	Flat
£3,755	06/24	0.23 mi	The Sessile, 18 Ashley Road, London, N17 9ZS	3	Flat
£3,580	05/24	0.23 mi	Ashley Road, London, N17	3	Flat
£3,785	05/24	0.23 mi	Sessile Apartments, Tottenham, London, N17	3	Flat
£3,725	05/24	0.23 mi	Sessile Apartments, Tottenham, London, N17	3	Flat
£4,000	01/25	0.23 mi	-	3	Terraced House
£3,000	03/25	0.23 mi	-	3	Terraced House
£2,350	05/24	0.24 mi	Scales Road, Tottenham, London	3	Terraced House
£3,580	05/24	0.24 mi	The Sessile, 18 Ashley Road, Tottenham Hale N17	3	Flat
£3,590	05/24	0.24 mi	The Sessile, 18 Ashley Road, Tottenham Hale N17	3	Flat
£3,535	06/24	0.24 mi	Ashley Road Tottenham Hale N17	3	Flat
£2,000	02/24	0.24 mi	-	3	Terraced House
£2,100	02/24	0.24 mi	-	3	Detached House
£3,775	05/24	0.25 mi	Sessile Apartments, N17, Tottenham, London, N17	3	Flat
£2,500	06/24	0.27 mi	St. Andrews Court, Scotland Green, Tottenham, N17	3	Flat
£3,600	06/24	0.28 mi	Ashley Road, London N17 9NW	3	Flat
£2,000	12/24	0.29 mi	-	3	Flat
£3,380	06/24	0.3 mi	Ashley Road, London N17 9NW	3	Flat
£3,345	05/24	0.3 mi	The Gessner, 3 Watermead Way, Tottenham Hale, N17 9QZ	3	Flat
£3,495	06/24	0.3 mi	The Gessner, 3 Watermead Way, Tottenham Hale, N17 9QZ	3	Flat
£3,350	06/24	0.3 mi	The Gessner, Ashley Road, N17 9NW	3	Flat
£3,495	06/24	0.3 mi	The Gessner, Ashley Road, N17 9NW	3	Flat
£3,380	06/24	0.34 mi	Ashley Road, London N17 9NW	3	Flat
£2,500	05/24	0.34 mi	-	3	Flat
£2,500	05/24	0.34 mi	-	3	Flat
£2,700	05/24	0.34 mi	-	3	Flat
£2,200	02/25	0.34 mi	-	3	Flat
£1,900	06/24	0.36 mi	Lansdowne Road, Tottenham N17	3	Flat
£2,250	05/24	0.37 mi	New Villas, Baronet Road,London,N17	3	Flat
£2,395	03/24	0.37 mi	Shelbourne Road, Tottenham, N17	3	Flat
£2,150	03/25	0.37 mi	-	3	Flat
£3,250	05/24	0.38 mi	Anthology Hale Works, Tottenham, London, N17	3	Flat
£3,150	06/24	0.38 mi	Hale Works Apartments, Wood Green, London, N17	3	Flat

Local Area Statistics

Population in N17	62,84362,843
Population in London	4,771,9214,771,921
Town centre distance	4.90 miles away4.90 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.30 miles away0.30 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+3%+3%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+14%+14%

Property History

Price changed to £500,000

January 11, 2025

Listed for £525,000

December 3, 2024

Floor Plans

Description

3 Bedroom Victorian Terraced Home +
2 Reception Rooms +
South Facing Garden approximately 30 ft. +
Ground floor Bathroom +
Desirable Location +
Walking distance to the Park & Tottenham Hale Station +
Ideal for Residential purchasers who would like to put their own stamp on it +
Chain Free +

Knights Residential are delighted to offer for sale this Victorian mid terraced 3 bedroom 2 reception Room House located in the desirable Tottenham Hale area. The property is Fully double glazed, has gas central heating(untested), has the potential for rear extension and loft conversion (STPP). The property is in need of modernisation and is within walking distance to Tottenham Hale Station. Offered CHAIN FREE.

This lovely home sits in the heart of a friendly neighbourhood where young families can settle their roots due to a good community spirit and well regarded primary schools in the area.

Exciting and vibrant neighbourhood currently undergoing an impressive regeneration programme. You will be able to take a short stroll to the historic Bruce Castle Museum with its adjoining park and take your pick from a multitude of restaurants, coffee shops and pubs along the High Road, including the newly opened Blue coats Pub.

Walking distance to Tottenham Hale Train and Underground Station (Zone 3) providing quick access into central London.

Call Knights to book your viewing.

Agent Details

Knights Residential, London

020 3889 9185

Next Steps?

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

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