2 Bed Flat, Single Let, London, N22 5HX £550,000

Sylvan Avenue, Bowes Park, N22 5HX - 4 views - a year ago

BTL

~68 m²

ValuationOvervalued

Sold Prices	£220K - £600K
Sold Prices/m²	£2.2K/m² - £10.5K/m²

Square Metres	~68.11 m²
Price/m²	£8.1K/m²
Value Estimate	£467,587£467,587

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£137,500£137,500
Stamp Duty & Legal Fees	£43,700£43,700
Total Cash In	£181,200£181,200

Cash Out
Rent Range	£1,450 - £2,500£1,450 - £2,500
Rent Estimate	£1,550
Running Costs/mo	£2,049£2,049
Cashflow/mo	£-499£-499
Cashflow/yr	£-5,985£-5,985
Gross Yield	3%3%

Local Sold Prices

50 sold prices from £220K to £600K, average is £427.3K. £2.2K/m² to £10.5K/m², average is £6.7K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£480K	10/23	0.03 mi	4a, Woodside Road, London, Greater London N22 5HU	£6,761	71	2	Flat
£600K	03/25	0.06 mi	Flat A, 22, Woodside Road, Wood Green, London N22 5HU	-	-	2	Flat
£438.8K	10/21	0.08 mi	First Floor Flat, 2, Hampshire Road, London, Greater London N22 8LR	£7,977	55	2	Flat
£370K	06/21	0.13 mi	2a, Parkhurst Road, London, Greater London N22 8JQ	-	-	2	Flat
£417K	02/23	0.13 mi	7a, Sidney Road, London, Greater London N22 8LT	-	-	2	Flat
£220K	04/24	0.14 mi	32c, Woodside Road, London, Greater London N22 5HT	-	-	2	Flat
£468K	03/25	0.14 mi	16, Lyndhurst Road, Wood Green, London N22 5AT	£7,200	65	2	Flat
£443K	08/21	0.14 mi	67, Sylvan Avenue, London, Greater London N22 5JA	£4,713	94	2	Flat
£375K	06/21	0.16 mi	13a, Cheshire Road, London, Greater London N22 8JJ	-	-	2	Flat
£330K	02/25	0.16 mi	51, Arcadian Gardens, Wood Green, London N22 5AG	£2,157	153	2	Flat
£470K	01/23	0.17 mi	120, Lyndhurst Road, London, Greater London N22 5AT	£6,963	68	2	Flat
£230K	09/23	0.19 mi	28c, Lascotts Road, London, Greater London N22 8JN	-	-	2	Flat
£403K	06/21	0.19 mi	Flat A, 12, Lascotts Road, London, Greater London N22 8JN	£7,750	52	2	Flat
£525K	06/25	0.19 mi	Flat A, 41, Palmerston Road, Wood Green, London N22 8QH	£10,500	50	2	Flat
£525K	06/25	0.19 mi	Flat A, 41, Palmerston Road, Wood Green, London N22 8QH	-	-	2	Flat
£346K	11/22	0.2 mi	Flat 17, Mohr Court, Nightingale Road, London, Greater London N22 8PX	-	-	2	Flat
£435K	07/23	0.2 mi	99, Lyndhurst Road, London, Greater London N22 5AX	£8,056	54	2	Flat
£380K	12/24	0.21 mi	110, Lyndhurst Road, Wood Green, London N22 5AT	£5,758	66	2	Flat
£432.5K	02/23	0.22 mi	27, Palmerston Road, London, Greater London N22 8QH	£6,865	63	2	Flat
£422K	03/24	0.22 mi	5a, Palmerston Road, London, Greater London N22 8QH	£5,944	71	2	Flat
£515K	10/23	0.22 mi	21a, Palmerston Road, London, Greater London N22 8QH	£7,055	73	2	Flat
£375K	01/25	0.23 mi	99, Arcadian Gardens, Wood Green, London N22 5AG	£6,219	60	2	Flat
£440K	12/24	0.26 mi	180, Lyndhurst Road, Wood Green, London N22 5AU	£7,857	56	2	Flat
£418K	06/21	0.26 mi	222, Lyndhurst Road, London, Greater London N22 5AU	£7,085	59	2	Flat
£450K	01/23	0.26 mi	174, Lyndhurst Road, London, Greater London N22 5AU	£6,865	66	2	Flat
£461K	06/25	0.27 mi	141, Lyndhurst Road, Wood Green, London N22 5AY	-	-	2	Flat
£335K	06/23	0.28 mi	80b, Finsbury Road, London, Greater London N22 8PF	-	-	2	Flat
£360K	06/21	0.28 mi	152, Maryland Road, London, Greater London N22 5AP	£6,429	56	2	Flat
£443K	06/23	0.29 mi	67, Marlborough Road, London, Greater London N22 8NJ	£6,712	66	2	Flat
£505K	02/25	0.29 mi	90, Flat A, Marlborough Road, Wood Green, London N22 8NN	-	-	2	Flat
£480K	06/21	0.29 mi	116d, Marlborough Road, London, Greater London N22 8NN	-	-	2	Flat
£540K	01/25	0.3 mi	156, Maryland Road, Wood Green, London N22 5AP	£8,060	67	2	Flat
£400K	01/25	0.3 mi	37, Ground Floor Flat, Kelvin Avenue, London, Greater London N13 4TH	£5,853	68	2	Flat
£510K	07/24	0.3 mi	72b, Clarence Road, Wood Green, London N22 8PW	£7,727	66	2	Flat
£520K	12/22	0.31 mi	112d, Marlborough Road, London, Greater London N22 8NN	-	-	2	Flat
£320K	12/22	0.31 mi	Flat 4, Fernwood, Clarence Road, Wood Green, London, Greater London N22 8QE	-	-	2	Flat
£520K	11/24	0.33 mi	67, Kelvin Avenue, London N13 4TH	£8,125	64	2	Flat
£375K	03/24	0.33 mi	21, White Hart Lane, Wood Green, London N22 5SL	£5,357	70	2	Flat
£375K	03/25	0.33 mi	54a, Kelvin Avenue, London N13 4TG	£4,747	79	2	Flat
£375K	03/25	0.33 mi	54a, Kelvin Avenue, London N13 4TG	-	-	2	Flat
£400K	05/25	0.33 mi	56a, Kelvin Avenue, Southgate N13 4TG	£6,154	65	2	Flat
£400K	05/25	0.33 mi	56a, Kelvin Avenue, Southgate N13 4TG	-	-	2	Flat
£395K	12/23	0.33 mi	Flat 2, Tudor Court, Clarence Road, Wood Green, London, Greater London N22 8QD	-	-	2	Flat
£345K	06/21	0.36 mi	231a, Whittington Road, London, Greater London N22 8YW	£5,000	69	2	Flat
£525K	02/23	0.36 mi	95a, Truro Road, Wood Green, London, Greater London N22 8DH	£5,885	89	2	Flat
£385K	04/23	0.37 mi	141a, Whittington Road, London, Greater London N22 8YP	£5,658	68	2	Flat
£442K	08/23	0.39 mi	Flat 2, Arnold Court, Truro Road, Wood Green, London, Greater London N22 8DJ	-	-	2	Flat
£550K	06/21	0.43 mi	26, Whittington Road, London, Greater London N22 8YD	-	-	2	Flat
£452K	11/21	0.44 mi	51, Bounds Green Road, London, Greater London N22 8HB	-	-	2	Flat
£332.7K	11/24	0.45 mi	Oak House, 9, Trinity Road, Wood Green, London N22 8YT	£4,159	80	2	Flat

Local Rents

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

Rent	Date	Distance	Address	Beds	Type
£1,750	02/25	0.02 mi	-	2	Flat
£1,785	05/25	0.02 mi	-	2	Flat
£2,149	10/25	0.04 mi	Sylvan Avenue, Wood Green, N22	2	Flat
£1,800	07/25	0.05 mi	High Road, N22, Wood Green, London, N22	2	Flat
£2,000	08/25	0.06 mi	High Road, Wood Green, London	2	Flat
£1,800	11/25	0.06 mi	419 High Road, London, N22	2	Flat
£1,800	07/24	0.06 mi	-	2	Flat
£1,746	02/25	0.07 mi	High Road, Bounds Green, N22	2	Flat
£1,800	07/25	0.07 mi	High Road, Wood Green, N22	2	Flat
£1,800	09/25	0.08 mi	High Road, Wood Green, N22	2	Flat
£1,800	07/25	0.08 mi	High Road, Wood Green, London, N22	2	Flat
£1,850	07/24	0.1 mi	Parkhurst Road, N22 8JQ	2	Flat
£1,900	08/25	0.1 mi	Parkhurst Road, N22 8JQ	2	Flat
£1,750	09/25	0.11 mi	Sidney Road, London, N22	2	Flat
£1,850	11/25	0.11 mi	-	2	Flat
£1,850	11/25	0.11 mi	Glendale Avenue, London, N22	2	Flat
£1,595	09/25	0.11 mi	-	2	Flat
£1,800	09/25	0.12 mi	Myddleton Road, London, N22	2	Flat
£1,950	07/25	0.12 mi	Parkhurst Road, Bowes Park/Bounds Green N22	2	Flat
£1,950	09/25	0.12 mi	Parkhurst Road, London	2	Flat
£2,200	08/25	0.13 mi	Myddleton Road, Wood Green, London	2	Flat
£2,200	08/25	0.14 mi	Sylvan Avenue, Wood Green, London, N22	2	Flat
£1,600	11/25	0.14 mi	Adams Mews, Wood Green, London	2	Flat
£1,600	10/25	0.14 mi	Adams Mews, Wood Green, London	2	Flat
£1,900	07/24	0.14 mi	-	2	Flat
£1,850	07/24	0.14 mi	Arcadian Gardens, London	2	Flat
£2,000	09/25	0.15 mi	Lyndhurst Road, London	2	Flat
£2,200	10/25	0.15 mi	-	2	Flat
£2,200	09/25	0.15 mi	Bowes Park, London, N22	2	Flat
£1,700	11/25	0.15 mi	Arcadian Gardens, Wood Green, London, N22	2	Flat
£1,800	06/24	0.16 mi	-	2	Flat
£1,875	12/24	0.16 mi	-	2	Flat
£1,750	06/25	0.16 mi	Cheshire Road, Bounds Green Bowes Park, London	2	Flat
£1,900	05/24	0.16 mi	Woodside Road, London N22	2	Flat
£1,750	06/24	0.16 mi	Lascotts Road ,Wood Green, London, N22	2	Flat
£1,750	06/24	0.16 mi	Lascotts Road ,Wood Green, London, N22	2	Flat
£1,850	06/25	0.17 mi	Palmerston Road, London, N22	2	Flat
£1,750	06/25	0.17 mi	Palmerston Road, London, N22	2	Flat
£1,750	06/25	0.17 mi	-	2	Flat
£1,950	04/25	0.18 mi	-	2	Flat
£1,750	07/24	0.18 mi	Palmerston Road, Wood Green	2	Flat
£1,900	09/25	0.19 mi	Lascotts Road, Wood Green	2	Flat
£2,500	01/25	0.19 mi	-	2	Flat
£1,800	06/24	0.19 mi	Truro Road, Bounds Green, London	2	Flat
£1,950	04/25	0.19 mi	-	2	Flat
£1,750	10/25	0.19 mi	Green Lanes, Winchmore Hill, N21	2	Flat
£1,500	11/25	0.2 mi	Lascotts Road, N22	2	Flat
£1,795	09/25	0.2 mi	-	2	Flat
£2,200	03/25	0.2 mi	-	2	Flat
£1,450	05/24	0.2 mi	Lascotts Road, Wood Green, N22 8JN	2	Flat

Local Area Statistics

Population in N22	42,99642,996
Population in London	4,771,9214,771,921
Town centre distance	5.37 miles away5.37 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.46 miles away0.46 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	-9%-9%
Sales demand	Buyer's marketBuyer's market
Capital growth (5yrs)	+14%+14%

Property History

Price changed to £550,000

January 15, 2025

Listed for £575,000

December 8, 2024

Floor Plans

Description

NEW PERIOD CONVERSION DEVELOPMENT +
A GROUND FLOOR AND FIRST FLOOR FLAT AVAILABLE +
SHARE OF FREEHOLD +
WOODEN FLOORS +
PRIVATE GARDENS FOR EACH APARTMENT +
STILL UNDER CONSTRUCTION +
CLOSE TO TRANSPORT & AMENITIES +
FURTHER SCOPE FOR EXTENSIONS STPP +
STILL UNDER CONSTRUCTION - Q1 2025 +

Element Properties & Co are proud to present these refurbished period apartments, set in an imposing home and being finished to a high-specification.

Comprising of 2, two-bedroom apartments with private gardens; the flats boast c71 SQM (768 SQ FT) and c76 SQM (824 SQ FT) of internal space alongside double bedrooms, brand new kitchen/dining areas as well as brand new bathrooms with both bath and shower suites.
The development is still under construction with completion expected by the end of Q1 2025.

The property is situated around the corner from Myddleton Road, boasting a variety of shops and cafes. In addition, the amenities of Green Lanes can be found only a short walk away and the green spaces of Alexandra Palace & Woodside Park offer a great escape from bustling city life – we recommend taking a stroll down the nearby New River Path. Further to the above, the weekly Alexandra Park Farmers Market is a must visit with offerings of fresh local produce. Myddleton Road also hosts its own monthly Sunday market which is well worth a visit.

Bowes Park Overground station is located only 0.5 miles away offering links around North and Central London. Passing stops include Finsbury Park, Highbury & Islington, Old Street and Moorgate alongside a variety of others. As a note, Finsbury Park Station is only a 9 minute train journey and Moorgate only an additional 15 minutes away from there. Furthermore, nearby Bounds Green Station (Piccadilly Line) is a good option for direct access to the tube into Central London.
Additionally, Wood Green Station is only 0.7 miles away offering connections via the Piccadilly line.

The properties are offered with a share of the freehold.

Agent Details

Element Properties & Co, London

020 3910 0796

Next Steps?

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