2 Bed Flat, Motivated Seller, London, N18 2DE, £275,000

Culpepper Close, Enfield, Greater London, N18 2DE - 4 months ago

Leasehold
Motivated
BTL
ROI: 5%
~62 m²
+6 photos

ValuationUndervalued

Sold Prices£230K - £342K
Sold Prices/m²£3.2K/m² - £7.2K/m²

 

 

Square Metres

~61.80 m²
Price/m²£4.5K/m²

Value Estimate

£302,694
BMV10%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£68,750

Stamp Duty & Legal Fees

£16,200

Total Cash In

£84,950

 

 

Cash Out

 

Rent Range

£1,450 - £4,000

Rent Estimate

£1,506

Running Costs/mo

£1,181

Cashflow/mo

£325

Cashflow/yr

£3,905

ROI

5%

Gross Yield

7%

Local Sold Prices

41 sold prices from £230K to £342K, average is £260K. £3.2K/m² to £7.2K/m², average is £4.9K/m².

PriceDateDistanceAddressBeds 
£275K04/230.05 mi26, Culpepper Close, London, Greater London N18 2DZ2
£270K03/230.05 mi12, Culpepper Close, London, Greater London N18 2DZ2
£270K11/210.06 mi50, Leopold Road, London, Greater London N18 2HX2
£260K04/210.07 mi46, Leopold Road, London, Greater London N18 2EW2
£266K12/210.07 mi70, Leopold Road, London, Greater London N18 2HX2
£250K01/220.12 mi56, Leopold Road, London, Greater London N18 2HX2
£270K11/210.12 mi50, Leopold Road, London, Greater London N18 2HX2
£245K02/220.19 mi6, Inverness Road, London, Greater London N18 2EE2
£300K06/210.38 mi106, Middleham Road, London, Greater London N18 2SD2
£257.5K09/210.4 mi42, Grilse Close, London, Greater London N9 0UU2
£275K03/220.4 mi41, Jeremys Green, London, Greater London N18 2NB2
£265K07/220.41 mi28, Herne Mews, London, Greater London N18 2QZ2
£233K02/220.53 miFlat 7, Bridport House, Colyton Way, London, Greater London N18 2XJ2
£342K02/230.58 mi123, Northumberland Park, London, Greater London N17 0TL2
£262K05/210.59 miFlat 4, Romany House, Beaconsfield Road, London, Greater London N9 0PY2
£307K03/210.64 mi69, Northumberland Park, London, Greater London N17 0TG2
£285K11/220.65 mi1, Taylor Close, London, Greater London N17 0UB2
£260K12/220.66 mi52, Pycroft Way, London, Greater London N9 9XY2
£270K09/220.7 mi49, Pycroft Way, London, Greater London N9 9XU2
£285K07/230.7 miFlat 3, Whittingham House, Northumberland Park, London, Greater London N17 0QG2
£260K03/210.7 mi53, Pycroft Way, London, Greater London N9 9XU2
£245K03/210.7 miFlat 14, Corbridge House, Northumberland Park, London, Greater London N17 0QE2
£274K03/230.79 mi10, Park Lane Close, London, Greater London N17 0HL2
£315K10/230.79 mi16a, Sunnyside Road North, London, Greater London N9 9SW2
£318K10/200.8 mi24, Shelbourne Road, London, Greater London N17 9YH2
£251K10/210.88 mi14, Dickens Lane, London, Greater London N18 1PH2
£230K06/220.89 mi23, Dickens Lane, London, Greater London N18 1PH2
£263K09/210.91 mi128, Mandeville Court, London, Greater London E4 8JD2
£247.5K06/210.94 mi21, Hennessy Road, London, Greater London N9 0XA2
£253K03/210.95 mi29, Mandeville Court, Chingford, London, Greater London E4 8JB2
£260K03/230.95 mi36, Mandeville Court, Chingford, London, Greater London E4 8JB2
£253K03/210.95 mi29, Mandeville Court, Chingford, London, Greater London E4 8JB2
£278K10/220.96 mi13, Sawyer Close, London, Greater London N9 9XP2
£257K10/220.96 mi14, Hennessy Road, London, Greater London N9 0XQ2
£240K10/220.97 mi6, Hennessy Road, London, Greater London N9 0XQ2
£310K04/210.98 mi17, Academia Way, London, Greater London N17 8HE2
£255K06/220.98 mi49, Tanners End Lane, London, Greater London N18 1PQ2
£250K08/220.99 mi55, Tanners End Lane, London, Greater London N18 1PQ2
£243K02/231 mi38, Tanners End Lane, London, Greater London N18 1PG2
£240K04/211 mi30, Pentland Close, London, Greater London N9 0XN2
£240K04/211 mi30, Pentland Close, London, Greater London N9 0XN2

Local Rents

26 rents from £1.4K/mo to £4K/mo, average is £1.8K/mo.

RentDateDistanceAddressBeds 
£1,80003/250.01 mi-2
£1,55005/240.03 miCulpepper Close, Edmonton, London, N182
£1,60001/250.12 mi-2
£1,59503/250.21 mi-2
£1,70006/240.35 miSwaythling Close, London2
£1,85002/250.38 mi-2
£1,80012/240.39 mi-2
£1,75005/240.4 miJeremys Green, Edmonton, N182
£1,85006/240.44 miLeyburn Grove, Edmonton, London2
£4,00005/240.47 mi-2
£1,80005/240.5 miFelixstowe Road, Edmonton2
£1,50001/250.53 mi-2
£1,60003/250.53 mi-2
£1,75003/250.55 mi-2
£1,45012/240.56 mi-2
£1,80003/250.56 mi-2
£1,85003/250.57 mi-2
£2,20002/250.57 mi-2
£1,85003/250.57 mi-2
£1,95001/250.58 mi-2
£1,82512/240.58 mi-2
£1,85003/250.59 mi-2
£2,40003/250.6 mi-2
£1,70006/240.6 miBrantwood Road, Tottenham, London, N172
£1,80001/250.6 mi-2
£1,80005/240.62 miTrulock Road, Northumberland Park, Tottenham, London, N172

Local Area Statistics

Population in N18

31,598

Population in London

4,771,921

Town centre distance

6.28 miles away

Nearest school

0.10 miles away

Nearest train station

0.25 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+19%

Sales demand

Buyer's market

Capital growth (5yrs)

+10%

Property History

Price changed to £275,000

January 7, 2025

Listed for £285,000

December 11, 2024

Floor Plans

Description

  • Council Tax Band C, Leasehold 125 years from 22 June 2004 +
  • Ground Rent - £400 Per Annum Service Charge - £2.500 Per Annum +
  • Ideal For Small Families And First Time Buyers +
  • Cosy Open Plan Living Accommodations +
  • Bright And Airy Throughout +
  • Two Double Bedrooms And Three-Piece Bathroom +
  • Parking Permits Available To Buy +
  • Beside The North Circular +
  • Convenient Location +
  • Viewing is a MUST! +

Situated North East of Central London, only a stones throw from the famous Tottenham Hotspur Stadium and The North Circular with great connections into to Central London. A desirable apartment, bright and airy throughout with cosy open plan accommodations - ideal for small families or first time buyers.
Call now to book!

This apartment is located in London with close proximity to a range of amenities, schools, shopping facilities, food/drink establishments and more. The area also offers excellent road connections to the A406 and transport links for travel both locally and further afield.

The accommodation briefly comprises a welcoming entrance way, a spacious open plan living accommodations with a lounge, dining area and a fitted kitchen with lovely wall and base units and modern conveniences like an integrated cooker and hob. You will also be able to find two well-proportioned double bedrooms one boasting its own fitted wardrobe and a three-piece bathroom with a tub-shower combination, a hand wash basin and a WC.

Externally, the property benefits from a communal gardens and permits for parking to the front are available to buy.

This home is an excellent find. We anticipate a high amount of interest and as such we would recommend that any interested buyers inquire to arrange a viewing at the earliest convenience to ensure the opportunity is not missed.

Premium Fast Sale

The innovative Premium Fast Sale Plus method from Springbok Properties is a secure and straightforward way to buy property. It works like a typical sale, with a number of added benefits to the buyer.

Benefits

o Carefully implemented security measures
o A speedy process
o Realistically priced properties
o A Buy it Now option (ask for further information on this feature from our advisors)
o A significantly reduced chance of fall-throughs
o No risk of being "gazumped"
o The full focus of our highly motivated team

Springbok Properties' Premium Fast Sale Plus puts you in the driving seat thanks to our fast and secure methods.

All properties are competitively priced and carefully managed by motivated sellers for a quick, stress-free transaction.

Deposit

Sales can be secured with a reservation deposit of £5,000. This forms part of the final purchase price and is NOT an extra cost.

This deposit ensures that the property is taken off the market as soon as a sale is agreed. It is then exclusively reserved for you, eliminating gazumping, time wasting and financial loss.

An administration fee of £396 is required in order to draw up an exclusive legally binding contract between the buyer and seller. This gives the buyer exclusive rights to purchase within a pre-agreed timeframe.

Exclusivity

Following the payment of the above amount, Springbok Properties will facilitate a fixed exclusivity period (approximately 12 weeks). During this time, surveys should be arranged and preparations made for the exchange of contracts. The property will be reserved, so there will be no risk of gazumping.

Process

Our Premium Fast Sale Plus follows the below process:

STEP 1 - Register your interest
STEP 2 - Prepare your finances for the purchase
STEP 3 - Arrange a viewing
STEP 4 - Make an offer
STEP 5 - Secure your sale using our secure system
STEP 6 - Exchange and complete

Don't miss out on the chance to purchase this property. Call us today for further information and to arrange a viewing.

If you're interested in this property, we urge you to contact us immediately to arrange an early viewing and get the process started. This will help you to avoid missing out on this opportunity.

Springbok Properties' innovative Premium Fast Sale Plus is a secure and straightforward way to buy property.

Please note: to ensure the highest level of customer service, all calls may be recorded and monitored for training and quality purposes.

Please call us now to book an appointment.

We highly recommend early viewing as this property is priced relatively low and is likely to generate quite an interest.

Please call us now to book an appointment.

Call Recording

Please note to ensure the highest level of customer service, all calls may be recorded and monitored for training and quality purposes.

Disclaimer

Springbok Properties for itself and the Vendors or lessors of properties for whom they act give notice that:

The details shown on this website are a general outline for the guidance of intending purchasers, and do not constitute, nor constitute part of, an offer or contract or sales particulars. All descriptions, dimensions, references to condition and other details are given in good faith and are believed to be correct but any intending purchasers should not rely on them as statements or representations of fact but must satisfy themselves by inspection, searches, survey, enquiries or otherwise as to their correctness. We have not been able to test any of the building service installations and recommend that prospective purchasers arrange for a qualified person to check them before entering into any commitment. Further, any reference to, or use of any part of the properties is not a statement that any necessary planning, building regulations or other consent has been obtained. All photographs shown are indicative and cannot be guaranteed to represent the complete interior scheme or items included in the sale. No person in our employment has any authority to make or give any representation or warranty whatsoever in relation to this property.

TENURE

To be confirmed by the Vendor's Solicitors

Note

The price given is a marketing price and not an indication of the property's market value. The vendor like any seller is looking to achieve the maximum price possible. Hence, by making an enquiry on this property, you recognise and understand that this property is strictly offers in excess of the marketing price provided.

How to View this Property

Viewing is strictly by appointment please call us now for bookings.

AML REGULATIONS & PROOF OF FUNDING: Any proposed purchasers will be asked to provide identification and proof of funding before any offer is accepted. We would appreciate your co-operation with this to ensure there are no delays in agreeing the sale.

Agent Details

Springbok Properties, Nationwide

0161 416 6302

Next Steps?

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