3 Bed Terraced House, Refurb/BRRR, Enfield, EN3 5DW, £379,000

Wheatfields, Enfield, EN3 5DW - 9 views - 5 months ago

Sold STC
BTL
Refurb/BRRR
Planning
ROI: 1%
~93 m²
+9 photos

ValuationFair Value

Sold Prices£269K - £607K
Sold Prices/m²£2.8K/m² - £7.3K/m²

 

 

Square Metres

~93 m²
Price/m²£4.1K/m²

Value Estimate

£379,000

 

 

End Value (After Refurb)

£476,871

Uplift in Value

+26%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£94,750

Stamp Duty & Legal Fees

£19,020

Refurb Costs

£49,200

Bridging Loan Interest

£9,949

Total Cash In

£174,669

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£476,871

Agent Fees (1%)

£4,769

Bridging Loan

£284,250

Bridging Loan Interest

£9,949

Flip Profit

£13,183

Local Sold Prices

50 sold prices from £269K to £607K, average is £424.5K. £2.8K/m² to £7.3K/m², average is £5.1K/m².

PriceDateDistanceAddressBeds 
£395K03/210.04 mi25, Fouracres, Enfield, Greater London EN3 5DR3
£510K07/220.05 mi18, Leyland Avenue, Enfield, Greater London EN3 5DH3
£441.5K05/230.07 mi19, Greenwood Avenue, Enfield, Greater London EN3 5DN3
£310K02/210.09 mi2, Sharon Road, Enfield, Greater London EN3 5DQ3
£485K01/230.1 mi69, Greenwood Avenue, Enfield, Greater London EN3 5DU3
£442K06/210.11 mi257, Carterhatch Road, Enfield, Greater London EN3 5ED3
£465K06/210.13 mi23, Croft Road, Enfield, Greater London EN3 5HT3
£400K10/220.14 mi177, Carterhatch Road, Enfield, Greater London EN3 5EB3
£377K02/210.14 mi177, Carterhatch Road, Enfield, Greater London EN3 5EB3
£269K04/210.14 mi93, Greenwood Avenue, Enfield, Greater London EN3 5DX3
£360K03/210.14 mi216, Carterhatch Road, Enfield, Greater London EN3 5EB3
£380K03/210.15 mi297, Carterhatch Road, Enfield, Greater London EN3 5DG3
£402K03/210.15 mi285, Carterhatch Road, Enfield, Greater London EN3 5DG3
£470K06/210.16 mi206, Carterhatch Road, Enfield, Greater London EN3 5LZ3
£424K07/230.17 mi24, Meads Road, Enfield, Greater London EN3 5HR3
£450K03/230.18 mi45, Redlands Road, Enfield, Greater London EN3 5HN3
£460K06/210.22 mi39, Brimsdown Avenue, Enfield, Greater London EN3 5EW3
£405K01/210.22 mi20, Westmoor Gardens, Enfield, Greater London EN3 7LQ3
£445K02/210.22 mi2, Logan Close, Enfield, Greater London EN3 5NL3
£380K03/230.25 mi151, Greenwood Avenue, Enfield, Greater London EN3 5FD3
£410K01/210.25 mi19, Ian Square, Enfield, Greater London EN3 5ND3
£410K03/210.28 mi31, Goldsdown Road, Enfield, Greater London EN3 7QZ3
£500K12/200.29 mi154, Carterhatch Road, Enfield, Greater London EN3 5LX3
£450K02/230.3 mi5, Mayfield Road, Enfield, Greater London EN3 7LS3
£355K04/210.3 mi20, Shaw Road, Enfield, Greater London EN3 5NE3
£414K07/230.3 mi185, Albany Park Avenue, Enfield, Greater London EN3 5NY3
£430K06/210.3 mi130, Albany Park Avenue, Enfield, Greater London EN3 5NY3
£465K08/220.3 mi356, Green Street, Enfield, Greater London EN3 7SB3
£515K11/210.3 mi35, Mayfield Road, Enfield, Greater London EN3 7LS3
£398K08/210.31 mi119, Redlands Road, Enfield, Greater London EN3 5HW3
£438K11/220.31 mi121, Redlands Road, Enfield, Greater London EN3 5HW3
£410K11/210.31 mi3, Westmoor Road, Enfield, Greater London EN3 7LE3
£418K06/230.32 mi10, Westmoor Road, Enfield, Greater London EN3 7LE3
£418K06/210.32 mi20, Castle Road, Enfield, Greater London EN3 5HP3
£465K02/230.33 mi234, Green Street, Enfield, Greater London EN3 7NB3
£503K12/220.33 mi31, Lansbury Road, Enfield, Greater London EN3 5NB3
£465K11/220.34 mi228, Green Street, Enfield, Greater London EN3 7NB3
£475K11/220.35 mi172, Albany Park Avenue, Enfield, Greater London EN3 5NZ3
£370K12/200.36 mi200, Albany Park Avenue, Enfield, Greater London EN3 5NZ3
£385K02/230.36 mi231, Albany Park Avenue, Enfield, Greater London EN3 5NZ3
£373.5K01/210.38 mi92, Albany Park Avenue, Enfield, Greater London EN3 5NX3
£450K03/230.39 mi21, Grove Gardens, Enfield, Greater London EN3 5PG3
£393.5K12/200.4 mi62, Carterhatch Road, Enfield, Greater London EN3 5LT3
£445K03/230.4 mi45, Leda Avenue, Enfield, Greater London EN3 5PZ3
£490K06/230.4 mi21, Leda Avenue, Enfield, Greater London EN3 5PZ3
£410K05/210.4 mi18, Platts Road, Enfield, Greater London EN3 5NA3
£410K06/210.41 mi46, Albany Park Avenue, Enfield, Greater London EN3 5NU3
£607K11/220.42 mi3, Ashford Crescent, Enfield, Greater London EN3 7HU3
£425K04/230.42 mi489, Alma Road, Enfield, Greater London EN3 7RT3
£510K06/210.42 mi467, Alma Road, Enfield, Greater London EN3 7RT3

Local Rents

23 rents from £1.7K/mo to £2.6K/mo, average is £2.1K/mo.

RentDateDistanceAddressBeds 
£2,40002/250.04 mi-3
£2,37504/240.13 miCarterhatch Road, Enfield, Greater London, EN3 5EA3
£1,90003/240.16 miBrimsdown Avenue, Enfield3
£1,85003/240.17 miThe Sunny Road, Enfield Highway, EN33
£1,80004/240.19 miBowood Road, EN33
£1,95003/240.19 miWestmoor Gardens, Enfield3
£2,30002/250.2 mi-3
£2,30004/250.2 mi-3
£2,30004/250.21 mi-3
£2,60003/250.22 mi-3
£2,40004/250.22 mi-3
£1,90003/240.23 mi-3
£1,70003/240.25 mi-3
£2,25004/240.29 miCarterhatch Road3
£2,10004/240.4 mi-3
£2,10003/240.44 miElmore Road,3
£1,75004/240.59 mi-3
£1,80012/240.59 mi-3
£1,99503/250.6 mi-3
£2,15004/250.6 mi-3
£1,99504/250.6 mi-3
£2,50004/240.62 mi-3
£2,10004/250.62 mi-3

Local Area Statistics

Population in EN3

55,687

Population in Enfield

130,248

Town centre distance

2.82 miles away

Nearest school

0.30 miles away

Nearest train station

0.34 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+5%

Sales demand

Seller's market

Capital growth (5yrs)

+20%

Property History

Listed for £379,000

December 9, 2024

Floor Plans

Description

  • Three Bedroom Terraced House +
  • Front Reception Room & Fitted Kitchen +
  • Bathroom/Wc +
  • Garage To Rear +
  • Ideal First Purchase Or Buy To Let Investment +
  • 0.3 Miles Of Brimsdown Overground Station +
  • Close To Schools, Parks And Transport +
  • Near Carterhatch Road & Hertford Road +
  • Good Bus Connections Enfield Town, Edmonton Etc. +
  • CHAIN FREE SALE +

The Property
* CHAIN FREE SALE * IN NEED OF MODERNISATION * Guide Price £400,000 * A Three Bedroom Terraced House with GARAGE. Ideally Located within this Popular Residential Cul-de-Sac off Greenwood Avenue, within approx. 0.3 miles of Brimsdown Overground Station. The house offers three bedrooms upstairs and a Lounge/Reception Room, Fitted Kitchen, Bathroom/WC downstairs. The house also features DOUBLE GLAZING, GAS CENTRAL, a private rear garden and a Garage at the rear of the property. FURTHER SCOPE for EXTENSION (subject to planning permissions *STPP).

The property is Close to Carterhatch Road and the Hertford Road with good local bus connections to Enfield Town and Edmonton and within ACCESS TO ALL LOCAL AMENITIES, including EASTFIELDS PRIMARY SCHOOL & ARK JOHN KEATS ACADEMY SCHOOLS, CLOSE TO BRIMSDOWN TRAIN STATION OVERGROUND RAIL LEADING INTO LONDONS LIVERPOOL STREET STATION & STRATFORD with UNDERGROUND CONNECTION AT TOTTENHAM HALE Station for the Victoria Line. For Road Users, there’s EASY ACCESS ONTO THE A10 & M25.

This is an IDEAL STARTER HOME FOR YOUNG FAMILIES looking for a family home or a rental investment to add to a landlord’s current portfolio.

Viewings can be booked and confirmed instantly 24/7 via the Purple Bricks website or by Clicking on the Brochure Tab at the bottom of this Advert

Property Description Disclaimer

This is a general description of the property only, and is not intended to constitute part of an offer or contract. It has been verified by the seller(s), unless marked as 'draft'. Purplebricks conducts some valuations online and some of our customers prepare their own property descriptions, so if you decide to proceed with a viewing or an offer, please note this information may have been provided solely by the vendor, and we may not have been able to visit the property to confirm it. If you require clarification on any point then please contact us, especially if you’re traveling some distance to view. All information should be checked by your solicitor prior to exchange of contracts. Successful buyers will be required to complete anti-money laundering checks. Our partner, Lifetime Legal Limited, will carry out the initial checks on our behalf. The current non-refundable cost is £80 inc. VAT per offer. You’ll need to pay this to Lifetime Legal and complete all checks before we can issue a memorandum of sale. The cost includes obtaining relevant data and any manual checks and monitoring which might be required, and includes a range of benefits. Purplebricks will receive some of the fee taken by Lifetime Legal to compensate for its role in providing these checks.

Agent Details

Purplebricks, covering Enfield

020 3907 9880

Next Steps?

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