3 Bed Semi-Detached House, Refurb/BRRR, Enfield, EN1 3RA, £500,000

Burnham Close, Enfield, EN1 3RA - 10 views - 5 months ago

Refurb/BRRR
~93 m²
+14 photos

ValuationUndervalued

Sold Prices£420K - £670K
Sold Prices/m²£4.5K/m² - £7.4K/m²

 

 

Square Metres

~93 m²
Price/m²£5.4K/m²

Value Estimate

£538,392

 

 

End Value (After Refurb)

£540,000

Uplift in Value

+-2%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£125,000

Stamp Duty & Legal Fees

£32,700

Refurb Costs

£49,200

Bridging Loan Interest

£13,125

Total Cash In

£221,775

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£540,000

Mortgage (After Refinance)

£405,000

Mortgage LTV

75%

Cash Released

£30,000

Cash Left In

£191,775

Equity

£135,000

Rent Range

£1,750 - £2,750

Rent Estimate

£2,205

Running Costs/mo

£2,149

Cashflow/mo

£57

Cashflow/yr

£678

ROI

0%

Gross Yield

5%

Local Sold Prices

50 sold prices from £420K to £670K, average is £524K. £4.5K/m² to £7.4K/m², average is £5.9K/m².

PriceDateDistanceAddressBeds 
£523K09/210.03 mi38, Burnham Close, Enfield, Greater London EN1 3RA3
£449K12/220.09 mi446, Baker Street, Enfield, Greater London EN1 3QU3
£427.5K11/200.09 mi435, Baker Street, Enfield, Greater London EN1 3QY3
£493K07/210.13 mi405, Baker Street, Enfield, Greater London EN1 3QZ3
£450K12/200.14 mi11, Ridler Road, Enfield, Greater London EN1 3RB3
£465K04/210.14 mi4, Ridler Road, Enfield, Greater London EN1 3RB3
£515K09/210.18 mi101, Kenilworth Crescent, Enfield, Greater London EN1 3RF3
£478.5K12/200.19 mi113, Kenilworth Crescent, Enfield, Greater London EN1 3RG3
£420K11/200.19 mi10, Myrtle Grove, Enfield, Greater London EN2 0DZ3
£436K12/200.2 mi3, Kenilworth Crescent, Enfield, Greater London EN1 3RD3
£540K01/210.2 mi2, Kenilworth Crescent, Enfield, Greater London EN1 3RD3
£645K12/200.2 mi108, Clay Hill, Enfield, Greater London EN2 9AW3
£480K02/210.2 mi5, Hawthorn Grove, Enfield, Greater London EN2 0DU3
£570K02/210.22 mi63, Birkbeck Road, Enfield, Greater London EN2 0DY3
£470K05/210.23 mi2, Acacia Road, Enfield, Greater London EN2 0DP3
£515K02/210.23 mi40, Acacia Road, Enfield, Greater London EN2 0DP3
£550K11/210.23 mi64, Birkbeck Road, Enfield, Greater London EN2 0ED3
£670K11/220.25 mi19, Kilvinton Drive, Enfield, Greater London EN2 0BD3
£485K01/210.26 mi25, Canonbury Road, Enfield, Greater London EN1 3LW3
£578K11/200.26 mi22, Canonbury Road, Enfield, Greater London EN1 3LW3
£545K06/210.26 mi45, Morley Hill, Enfield, Greater London EN2 0BL3
£645K12/220.27 mi43, Morley Hill, Enfield, Greater London EN2 0BL3
£580K04/230.27 mi79, Morley Hill, Enfield, Greater London EN2 0BQ3
£500K12/200.27 mi101, Morley Hill, Enfield, Greater London EN2 0BQ3
£563.5K03/210.27 mi97, Morley Hill, Enfield, Greater London EN2 0BQ3
£495K06/210.28 mi9, Birkbeck Road, Enfield, Greater London EN2 0DX3
£457.5K01/210.28 mi14, Birkbeck Road, Enfield, Greater London EN2 0DX3
£570K01/230.28 mi6, Birkbeck Road, Enfield, Greater London EN2 0DX3
£640K06/210.29 mi13, Morley Hill, Enfield, Greater London EN2 0BN3
£520K04/210.29 mi41, Russell Road, Enfield, Greater London EN1 4TN3
£510K04/210.29 mi2, Morley Hill, Enfield, Greater London EN2 0BJ3
£437.5K04/210.29 mi4, Morley Hill, Enfield, Greater London EN2 0BJ3
£600K05/210.29 mi122, Clay Hill, Enfield, Greater London EN2 9AE3
£535K03/210.31 mi3, Eastbury Avenue, Enfield, Greater London EN1 3NJ3
£515K03/210.32 mi383, Carterhatch Lane, Enfield, Greater London EN1 4AN3
£667.5K03/230.32 mi2, Stratton Avenue, Enfield, Greater London EN2 9AF3
£550K09/210.32 mi12, Browning Road, Enfield, Greater London EN2 0EH3
£505K06/210.33 mi47, Browning Road, Enfield, Greater London EN2 0EJ3
£532.5K05/230.33 mi60, Russell Road, Enfield, Greater London EN1 4TW3
£605K03/210.33 mi66, Browning Road, Enfield, Greater London EN2 0EW3
£605K06/210.34 mi128, Clay Hill, Enfield, Greater London EN2 9AN3
£507.5K01/210.34 mi43, Kynaston Road, Enfield, Greater London EN2 0DA3
£535K05/210.34 mi16, Kynaston Road, Enfield, Greater London EN2 0DB3
£615K12/200.34 mi48, Hillside Crescent, Enfield, Greater London EN2 0HR3
£495K11/200.35 mi9, St Georges Road, Enfield, Greater London EN1 4TY3
£600K07/230.35 mi128, Tenniswood Road, Enfield, Greater London EN1 3HE3
£625K12/220.35 mi98, Tenniswood Road, Enfield, Greater London EN1 3HE3
£565K01/210.36 mi2, The Drive, Enfield, Greater London EN2 0DG3
£510K05/210.38 mi2, Cedar Park Road, Enfield, Greater London EN2 0HE3
£525K02/230.38 mi12, Merton Road, Enfield, Greater London EN2 0LS3

Local Rents

25 rents from £1.8K/mo to £2.8K/mo, average is £2.3K/mo.

RentDateDistanceAddressBeds 
£2,10003/250.13 mi-3
£2,15003/240.23 miKenilworth Crescent, Enfield, Middlesex, EN13
£2,75005/240.24 miForty Hill, ENFIELD3
£2,00003/240.26 miCanonbury Road 3
£2,70002/250.32 mi-3
£1,95005/240.35 miBurlington Road, Enfield3
£2,40004/240.38 miLancaster Road, Enfield, Middlesex, EN23
£2,75005/240.39 mi-3
£2,00004/240.39 miOrchard Crescent, ENFIELD3
£1,80004/240.39 miGlenville Avenue, Enfield, EN23
£2,50004/240.41 miWoodlands Road, Enfield, Middlesex, EN23
£2,30005/240.41 miWoodlands Road, Enfield, Middlesex, EN23
£2,50003/240.41 miBaker Street, ENFIELD3
£1,85004/250.42 mi-3
£2,40004/240.43 miLancaster Road, Enfield3
£2,40001/240.44 mi-3
£1,75003/240.56 miGraeme Road, Enfield, EN13
£1,75004/240.57 mi-3
£2,25010/230.58 miHalifax Road, London, EN23
£1,85003/240.59 mi-3
£2,50001/250.6 mi-3
£1,99504/240.6 miConnaught Avenue, Enfield, Middlesex, EN13
£1,99504/240.6 miConnaught Avenue, Enfield, Middlesex, EN13
£2,30003/240.61 miChurchbury Lane, ENFIELD, Middlesex, EN13
£2,30003/240.61 miChurchbury Lane, ENFIELD, Middlesex, EN13

Local Area Statistics

Population in EN1

45,671

Population in Enfield

130,248

Town centre distance

1.53 miles away

Nearest school

0.10 miles away

Nearest train station

0.84 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+5%

Sales demand

Balanced market

Capital growth (5yrs)

+18%

Property History

Price changed to £500,000

March 4, 2025

Price changed to £535,000

February 8, 2025

Listed for £550,000

December 12, 2024

Floor Plans

Description

  • THREE BEDROOM SEMI-DETACHED OFFERED CHAIN FREE +
  • BRIGHT & AIRY OPEN PLAN LIVING-DINING-KITCHEN AREA +
  • FIRST FLOOR BATHROOM +
  • CONSERVATORY +
  • LARGE GARDEN WITH STORAGE SHED OVERLOOKING FIELDS +
  • SHARED DRIVE WAY & SIDE ACCESS +
  • MODERNISATION REQUIRED THROUGHOUT +
  • POTENTIAL TO EXTEND +
  • QUIET NO THROUGH ROAD +
  • PLENTY OF AMENITIES WITHIN EASY REACH +

Nestled in the tranquil Burnham Close, Enfield, this charming three-bedroom semi-detached house offers a wonderful opportunity for those looking to create their dream home. Spanning an inviting 818 square feet, the property is ideally situated on a quiet no-through road, just off Baker Street, ensuring a peaceful living environment while still being conveniently close to local amenities.

As you enter, you will find a spacious open-plan layout that includes a comfortable living-dining-kitchen area, perfect for family gatherings or entertaining guests. The property also features a conservatory that invites natural light and provides an opportunity to relax, overlooking the expansive garden. This large garden is a delightful feature, offering ample space for outdoor activities, gardening, or simply enjoying the fresh air.

Parking is available with a shared driveway that adds convenience. The property backs onto recreational fields, providing a picturesque backdrop and a perfect setting for leisurely walks or outdoor pursuits.

This house offers well-proportioned living space, providing plenty of room for a growing family or guests and offers plenty of scope to extend. Location wise, the property is situated within walking distance of some highly regarded nurseries and schools, transport & motorway links.; Enfield Town , green spaces and an abundance of other amenities are also easily accessible.

This semi-detached house is a fantastic canvas for those willing to invest in modernisation, making it an ideal choice for families or individuals looking to settle in a peaceful yet accessible location. With its potential and desirable features, this property is not to be missed.

A three bedroom semi-detached home, with off street parking, side access, large garden, potential to extend and a chance to modernise to your own taste. Located in a quiet no through Road, the property is within easy reach of transport & motorway links, schools and nurseries, green spaces, local shops and Enfield Town Centre. The bones for a superb family home.

Agent Details

James Hayward, Enfield

020 3835 3591

Next Steps?

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