3 Bed Flat, Single Let, Potters Bar, EN6 5BB, £300,000

High Street, Potters Bar, EN6 5BB - 1 views - 4 months ago

Leasehold
BTL
ROI: 7%
~74 m²
+8 photos

ValuationUndervalued

Sold Prices£268K - £1.0M
Sold Prices/m²£3.1K/m² - £5.6K/m²

 

 

Square Metres

~73.76 m²
Price/m²£4.1K/m²

Value Estimate

£365,937
BMV22%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£75,000

Stamp Duty & Legal Fees

£18,700

Total Cash In

£93,700

 

 

Cash Out

 

Rent Range

£1,700 - £2,750

Rent Estimate

£1,894

Running Costs/mo

£1,336

Cashflow/mo

£558

Cashflow/yr

£6,692

ROI

7%

Gross Yield

8%

Local Sold Prices

8 sold prices from £268K to £1.0M, average is £369K. £3.1K/m² to £5.6K/m², average is £5K/m².

PriceDateDistanceAddressBeds 
£330K09/220.37 mi13, St Johns Close, Potters Bar, Hertfordshire EN6 5PD3
£268K02/230.43 mi8, Aston Way, Potters Bar, Hertfordshire EN6 5NT3
£322.5K10/220.45 mi120, Chace Avenue, Potters Bar, Hertfordshire EN6 5NP3
£425K07/230.47 mi8, Stapleton Close, Potters Bar, Hertfordshire EN6 4AF3
£408K01/211.04 mi11, Firs Wood Close, Potters Bar, Hertfordshire EN6 4BY3
£312K11/201.23 mi12, Cranborne Close, Potters Bar, Hertfordshire EN6 3AU3
£1.0M02/212.27 mi87, Camlet Way, Barnet, Greater London EN4 0NL3
£540K09/212.96 mi59, Brookside Crescent, Cuffley, Potters Bar, Hertfordshire EN6 4QP3

Local Rents

14 rents from £1.7K/mo to £2.8K/mo, average is £2.1K/mo.

RentDateDistanceAddressBeds 
£1,80012/240.12 miHatfield Road, Potters Bar, Herts3
£1,80004/240.14 miHatfield Road, Potters Bar, Hertfordshire, EN63
£2,39503/250.37 mi-3
£2,40002/250.37 mi-3
£2,75012/240.39 miTorrington Drive, Potters Bar3
£1,70004/250.41 mi-3
£2,00004/240.43 miAlbemarle Avenue, Potters Bar3
£1,95004/240.45 miMutton Lane, Potters Bar, Hertfordshire, EN63
£2,20004/240.46 miOakmere Avenue, Potters Bar, EN63
£2,60012/240.48 mi-3
£1,97504/240.5 miFrampton Road, Potters Bar3
£2,20004/240.5 miPark Avenue, Potters Bar, Hertfordshire, EN63
£2,30004/240.5 miMutton Lane, Potters Bar, EN63
£1,95012/240.56 mi-3

Local Area Statistics

Population in EN6

29,067

Population in Potters Bar

29,075

Town centre distance

0.37 miles away

Nearest school

0.20 miles away

Nearest train station

0.82 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+16%

Sales demand

Buyer's market

Capital growth (5yrs)

+14%

Property History

Price changed to £300,000

February 8, 2025

Listed for £325,000

December 26, 2024

Floor Plans

Description

  • Three Bedrooms +
  • Duplex Apartment +
  • Spacious Living Dining Area +
  • Located In the Heart of Potters Bar +
  • 0.8 Miles to Potters Bar Train Station +

SUMMARY
A wonderful opportunity to live in this 3 bedroom duplex apartment located in the heart of Potters Bar. The property is offered in good decorative order and is ready to move into.

DESCRIPTION
To the first floor is a spacious living dining area and modern fitted kitchen. On the second floor there are three bedrooms and a family bathroom. This residence could be an ideal first home or a great investment opportunity with Potters Bar Train Station 0.8 miles away making it appealing to buyers needing to commute to Central London. Externally there is a private secure entrance for residents and also benefits neighbouring the ever-popular Oakmere Park.

Potters Bar dates to the early 13th century but remained a small, mainly agricultural, settlement until the arrival of the Great Northern Railway in 1850. It is now part of the London commuter belt. Wrotham Park estate, home of the Byng family, sits within Potters Bar and Barnet on 2,500 acres of land. The Byng family still own a lot of land in the Potters Bar area and The Admiral Byng Pub in Darkes Lane is named after Admiral John Byng, who was executed for failing orders in the Minorca campaign. Potters Bar railway station is the highest on the line between London's King's Cross railway station and York. The Great Northern route serves various North London suburbs to the south before terminating at either King's Cross or Moorgate station. Northbound, the railway runs to Peterborough, Cambridge, Hatfield and Welwyn Garden City. There are also school bus services running from various places to Dame Alice Owen's School and to Chancellor's School.

We currently hold lease details as displayed above, should you require further information please contact the branch. Please note additional fees could be incurred for items such as leasehold packs.

1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER SEQUENCE (UK) LIMITED NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.

Agent Details

Barnard Marcus, Whetstone

020 3872 3533

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