2 Bed Flat, Single Let, London, N3 1NJ, £425,000

Ballards Lane, Finchley, N3 1NJ - 3 views - 4 months ago

Under Offer

BTL

~68 m²

+7 photos

ValuationUndervalued

Sold Prices	£237.4K - £620K
Sold Prices/m²	£4.9K/m² - £9.4K/m²

Square Metres	~68.11 m²
Price/m²	£6.2K/m²
Value Estimate	£454,073£454,073
BMV	7%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£106,250£106,250
Stamp Duty & Legal Fees	£22,700£22,700
Total Cash In	£128,950£128,950

Cash Out
Rent Range	£1,500 - £2,500£1,500 - £2,500
Rent Estimate	£1,600
Running Costs/mo	£1,668£1,668
Cashflow/mo	£-68£-68
Cashflow/yr	£-817£-817
Gross Yield	5%5%

Local Sold Prices

50 sold prices from £237.4K to £620K, average is £418.8K. £4.9K/m² to £9.4K/m², average is £6.6K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£423K	07/23	0.01 mi	Flat 76, Finchley Court, Ballards Lane, Finchley, London, Greater London N3 1NJ	-	-	2	Flat
£412.5K	02/21	0.03 mi	Flat 1, Finchley Court, Ballards Lane, Finchley, London, Greater London N3 1NH	-	-	2	Flat
£454K	10/22	0.03 mi	Flat 33, Finchley Court, Ballards Lane, Finchley, London, Greater London N3 1NH	-	-	2	Flat
£415K	09/23	0.06 mi	18, Burnbrae Close, London, Greater London N12 8PH	£6,103	68	2	Flat
£390K	11/20	0.06 mi	18, Burnbrae Close, London, Greater London N12 8PH	£5,735	68	2	Flat
£237.4K	01/23	0.06 mi	Flat 5, The Fountains, Ballards Lane, Finchley, London, Greater London N3 1NL	-	-	2	Flat
£347K	10/20	0.08 mi	214c, Ballards Lane, London, Greater London N3 2LX	£5,422	64	2	Flat
£368.1K	11/21	0.09 mi	261b, Ballards Lane, London, Greater London N3 1NG	£6,347	58	2	Flat
£273.8K	03/21	0.1 mi	Flat 5, Spencer Court, Granville Road, London, Greater London N12 0HN	-	-	2	Flat
£400K	03/21	0.13 mi	14a, Brownlow Road, London, Greater London N3 1NA	£6,452	62	2	Flat
£500K	11/22	0.14 mi	2, Woodberry Gardens, London, Greater London N12 0HD	£8,197	61	2	Flat
£537K	12/20	0.17 mi	4b, Thyra Grove, London, Greater London N12 8HD	£6,797	79	2	Flat
£472K	12/22	0.17 mi	Flat 21, Etchingham Court, Etchingham Park Road, London, Greater London N3 2EA	-	-	2	Flat
£490K	06/21	0.18 mi	Flat A, 3, Etchingham Park Road, London, Greater London N3 2DU	£7,758	63	2	Flat
£430K	01/21	0.2 mi	Flat 8, The Laurels, Nether Street, London, Greater London N3 1NP	-	-	2	Flat
£485K	10/23	0.21 mi	27b, Granville Road, London, Greater London N12 0HP	£7,647	63	2	Flat
£398K	06/23	0.21 mi	Flat 13, Western Court, Huntly Drive, London, Greater London N3 1NX	-	-	2	Flat
£620K	06/21	0.29 mi	4, Howcroft Crescent, London, Greater London N3 1PB	£7,045	88	2	Flat
£340K	10/20	0.29 mi	Flat 3, Albany Court, Alexandra Grove, London, Greater London N12 8NN	-	-	2	Flat
£400K	12/20	0.32 mi	24, Hutton Grove, London, Greater London N12 8DT	£6,667	60	2	Flat
£470K	02/23	0.32 mi	34, Hutton Grove, London, Greater London N12 8DT	£6,620	71	2	Flat
£360K	04/21	0.34 mi	61, Bow Lane, London, Greater London N12 0JL	-	-	2	Flat
£320K	12/20	0.37 mi	Flat 16, Colman Court, Christchurch Avenue, London, Greater London N12 0DT	-	-	2	Flat
£350K	11/23	0.37 mi	Flat 9, Colman Court, Christchurch Avenue, London, Greater London N12 0DT	-	-	2	Flat
£462.5K	04/21	0.38 mi	16a, Rosemont Avenue, London, Greater London N12 0BX	£5,640	82	2	Flat
£327.5K	06/21	0.38 mi	597a, High Road, London, Greater London N12 0DY	£5,712	57	2	Flat
£475K	06/21	0.38 mi	10, Falkland Avenue, London, Greater London N3 1QR	-	-	2	Flat
£472K	04/21	0.38 mi	2a, Falkland Avenue, London, Greater London N3 1QR	£6,941	68	2	Flat
£410K	09/21	0.41 mi	Flat 5, Gainsborough Court, Nether Street, London, Greater London N12 8AE	-	-	2	Flat
£320K	02/21	0.41 mi	Flat 18, Gainsborough Court, Nether Street, London, Greater London N12 8AE	-	-	2	Flat
£415K	06/21	0.41 mi	First Floor Flat, 60, Avondale Avenue, London, Greater London N12 8EN	£6,569	63	2	Flat
£440K	03/21	0.42 mi	7a, Woodlands Avenue, London, Greater London N3 2NS	-	-	2	Flat
£489K	12/20	0.42 mi	11, Woodlands Avenue, London, Greater London N3 2NS	-	-	2	Flat
£535K	05/23	0.43 mi	22, Woodlands Avenue, London, Greater London N3 2NR	£9,386	57	2	Flat
£362K	10/20	0.43 mi	Ground Floor Flat, 687, High Road, London, Greater London N12 0DA	£7,939	46	2	Flat
£340K	01/24	0.43 mi	626, High Road, London, Greater London N12 0NU	£6,410	53	2	Flat
£580K	03/21	0.43 mi	66, Princes Avenue, London, Greater London N3 2DB	-	-	2	Flat
£550K	12/22	0.43 mi	62b, Princes Avenue, London, Greater London N3 2DB	-	-	2	Flat
£340K	10/23	0.44 mi	Flat 12, Gainsborough Court, Nether Street, London, Greater London N12 8AE	-	-	2	Flat
£370K	12/20	0.48 mi	26, Springfield Close, London, Greater London N12 7NT	£6,176	60	2	Flat
£415K	07/23	0.48 mi	10, Springfield Close, London, Greater London N12 7NT	£7,155	58	2	Flat
£430K	06/21	0.5 mi	84, Grange Avenue, London, Greater London N12 8DJ	£7,088	61	2	Flat
£422.5K	07/23	0.5 mi	19, Grange Avenue, London, Greater London N12 8DN	£7,412	57	2	Flat
£568K	06/21	0.51 mi	57a, Gainsborough Road, London, Greater London N12 8AA	-	-	2	Flat
£460K	04/21	0.52 mi	18, Grosvenor Road, London, Greater London N3 1EX	£7,077	65	2	Flat
£430K	06/21	0.52 mi	27a, Holden Road, London, Greater London N12 8HS	£4,886	88	2	Flat
£390K	05/21	0.52 mi	55, Long Lane, London, Greater London N3 2HY	£5,065	77	2	Flat
£515K	06/21	0.52 mi	95a, Long Lane, London, Greater London N3 2HY	£6,719	77	2	Flat
£380K	05/23	0.52 mi	83a, Long Lane, London, Greater London N3 2HY	-	-	2	Flat
£565K	09/21	0.53 mi	34, Redbourne Avenue, London, Greater London N3 2BS	£5,090	111	2	Flat

Local Rents

50 rents from £1.5K/mo to £2.5K/mo, average is £1.9K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,700	02/24	0.02 mi	Finchley Court, Ballards Lane, Finchley, London, N3	2	Flat
£1,900	06/24	0.02 mi	Finchley Court, Ballards Lane, Finchley	2	Flat
£1,900	08/24	0.03 mi	Ballards Lane Finchley Central N3	2	Flat
£1,700	05/24	0.06 mi	Granville Court, Granville Road, Finchley Central N12 0HL	2	Flat
£1,750	06/24	0.07 mi	Regent Court, Ballards Lane, London, N3	2	Flat
£1,850	06/24	0.07 mi	Ballards Lane, Finchley, N3	2	Flat
£2,000	04/25	0.08 mi	-	2	Flat
£1,750	07/24	0.08 mi	Ballards Lane, London	2	Flat
£1,500	06/24	0.11 mi	Moss Hall Grove, North Finchley, N12 8PJ	2	Flat
£1,734	04/25	0.11 mi	-	2	Flat
£1,734	03/25	0.11 mi	-	2	Flat
£1,600	04/25	0.12 mi	-	2	Flat
£1,600	06/24	0.13 mi	Moss Hall Grove, Woodside Park, N12	2	Flat
£1,800	05/24	0.13 mi	Moss Hall Gove, London, N12	2	Flat
£1,800	05/24	0.13 mi	-	2	Flat
£1,850	06/24	0.13 mi	-	2	Flat
£1,900	04/25	0.13 mi	-	2	Flat
£1,900	01/25	0.15 mi	-	2	Flat
£1,900	02/25	0.15 mi	-	2	Flat
£1,750	05/24	0.15 mi	Seymour Road London N3	2	Flat
£2,295	05/24	0.15 mi	Ballards Lane, Finchley	2	Flat
£2,350	07/24	0.15 mi	Ballards Lane, Finchley	2	Flat
£1,700	11/24	0.15 mi	-	2	Flat
£1,900	05/24	0.15 mi	Granville Road, North Finchley, London, N12	2	Flat
£1,850	07/24	0.15 mi	Nigel Court, Seymour Road, Finchley, N3	2	Flat
£1,900	05/24	0.16 mi	Granville Road, North Finchley, London, N12	2	Flat
£1,995	06/24	0.17 mi	Etchingham Court, Etchingham Park Road, Finchley	2	Flat
£2,000	05/24	0.18 mi	Etchingham Court, Finchley Central, N3	2	Flat
£2,000	07/24	0.18 mi	Ballards Lane, Finchley	2	Flat
£1,975	05/24	0.18 mi	-	2	Flat
£1,850	06/24	0.18 mi	Etchingham Park Road London N3	2	Flat
£1,800	05/24	0.19 mi	-	2	Flat
£1,700	05/24	0.19 mi	Etchingham Court, Etchingham Park Road, Finchley, N3	2	Flat
£1,700	06/24	0.19 mi	Etchingham Court, Etchingham Park Road, Finchley, N3	2	Flat
£2,200	05/24	0.19 mi	Ballards Lane, London, N3	2	Flat
£1,700	03/25	0.2 mi	-	2	Flat
£1,900	05/24	0.21 mi	Nether Street London N3	2	Flat
£2,500	05/24	0.21 mi	-	2	Flat
£1,600	12/24	0.23 mi	Chislehurst Avenue, North Finchley, London, N12	2	Flat
£2,000	05/24	0.24 mi	Ballards Lane, Finchley, N12	2	Flat
£1,800	04/25	0.26 mi	-	2	Flat
£1,995	01/25	0.26 mi	-	2	Flat
£1,950	07/24	0.29 mi	Ballards Lane, Finchley	2	Flat
£1,950	09/24	0.29 mi	Ballards Lane, Finchley	2	Flat
£2,050	06/24	0.29 mi	Albany Court, London, N12	2	Flat
£1,900	06/24	0.29 mi	Albany Court, London, N12	2	Flat
£1,900	06/24	0.29 mi	-	2	Flat
£2,000	07/24	0.29 mi	Nether Street, Finchley. N3	2	Flat
£1,950	03/25	0.31 mi	-	2	Flat
£1,950	05/24	0.31 mi	Ballards Lane, London, N3	2	Flat

Local Area Statistics

Population in N3	26,58426,584
Population in London	4,771,9214,771,921
Town centre distance	6.51 miles away6.51 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	0.19 miles away0.19 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	-30%-30%
Sales demand	Buyer's marketBuyer's market
Capital growth (5yrs)	+19%+19%

Property History

Listed for £425,000

December 9, 2024

Floor Plans

Description

TWO DOUBLE BEDROOM +
DUAL ASPECT RECEPTION ROOM +
KITCHEN +
GAS C/H. DOUBLE GLAZED +
RESIDENTS PERMIT PARKING +
SHARE OF FREEHOLD +
LONG LEASE +
ORIGINAL WOOD BLOCK PARQUET FLOORS +
CHAIN FREE +

Spacious TWO DOUBLE BEDROOM flat on ground floor of sought after 1930’s built block, positioned at the rear of the development, overlooking ornate communal gardens. Shops, buses, Moss Hall nursery and primary school, West Finchley underground station and Victoria Park are all nearby.

* TWO DOUBLE BEDROOMS
* RECEPTION ROOM
* FITTED KITCHEN
* BATHROOM/WC
* ATTRACTIVE & PEACEFUL COMMUNAL GARDENS
* DOUBLE GLAZING
* ENTRYPHONE
* GAS CENTRAL HEATING
* ORIGINAL PARQUET WOOD BLOCK FLOORING
* RESIDENTS PERMIT CAR PARKING, NOT ALLOCATED
* SHARE OF FREEHOLD
* LONG LEASE
* CHAIN FREE

ACCOMMODATION COMPRISES:

Communal entrance with entryphone. Own front door:

ENTRANCE HALL Original wood block flooring. Built in cupboard.

RECEPTION ROOM 13’11 x 12’8 (4.5m5 x 3.87m). Dual aspect windows, bay window overlooking communal gardens and window to side. Original wood block flooring.

KITCHEN 9’3 x 8’ (2.83m x 2.45m). Fitted base & wall units. Worktops with inset double drainer stainless steel sink. Built-in double oven. Hob. Wall mounted boiler. Under counter fridge. Window to rear. Breakfast bar.

BEDROOM ONE 12’2 x 10’6 (3.83 x 3.21m). Dual aspect windows. Original wood block flooring. Fitted cupboard.

BEDROOM TWO 11’2 x 10’11 (3.40m x 3.34m). Window overlooking communal garden. Original wood block flooring.

BATHROOM/WC 8’3 x 5’10 (2.52m x 1.77m). White suite of panelled bath with shower attachment. Wash basin. WC. Built-in cupboard housing washing machine.

EXTERIOR

COMMUNAL GARDENS Attractive, ornate and peaceful communal gardens, with pond.

PARKING Residents permit parking, space not allocated. 1 permit per flat.

TENURE Share of Freehold

LEASE 174 years from 2008, IE 158 years remaining.

SERVICE CHARGE £2,016.00 to year end March 2025.

COUNCIL TAX Band D – Barnet.

EPC – D

The agent has not tested any apparatus, equipment, fixtures, fittings or services, and so cannot verify they are in working order, or fit for their purpose, nor has the agent checked the legal documentation to verify the tenure of the property. The buyer is advised to obtain verification from their solicitor or surveyor. Photographs are for illustration only and may depict items which are not for sale or included in the sale of the property. All measurements quoted are approximate and their accuracy should not be relied upon. A prospective purchaser must check the availability of any property and make an appointment to view before embarking on any journey.

Agent Details

Bennett & Hall, London

020 8346 2208

Next Steps?

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