3 Bed Terraced House, Refurb/BRRR, London, N17 9RT, £500,000

Sherringham Avenue, Tottenham N17 9RT - 5 views - 4 months ago

Under Offer

Refurb/BRRR

ROI: 4%

~93 m²

+6 photos

ValuationUndervalued

Sold Prices	£410K - £738K
Sold Prices/m²	£3.9K/m² - £9.4K/m²

Square Metres	~93 m²
Price/m²	£5.4K/m²
Value Estimate	£528,409£528,409

End Value (After Refurb)	£555,862£555,862
Uplift in Value	+1%+1%

Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (25%)	£125,000£125,000
Stamp Duty & Legal Fees	£32,700£32,700
Refurb Costs	£49,200£49,200
Bridging Loan Interest	£13,125£13,125
Total Cash In	£221,775£221,775

Cash Out
Monetisation	FlipRefinance & RentRefinance & Rent
Revaluation	£555,862£555,862
Mortgage (After Refinance)	£416,897£416,897
Mortgage LTV	75%75%
Cash Released	£41,897£41,897
Cash Left In	£179,878£179,878
Equity	£138,966£138,966
Rent Range	£1,900 - £4,000£1,900 - £4,000
Rent Estimate	£3,059
Running Costs/mo	£2,369£2,369
Cashflow/mo	£690£690
Cashflow/yr	£8,282£8,282
ROI	4%4%
Gross Yield	7%7%

Local Sold Prices

50 sold prices from £410K to £738K, average is £547.3K. £3.9K/m² to £9.4K/m², average is £5.8K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£550K	09/21	0.02 mi	76, Sherringham Avenue, London, Greater London N17 9RP	-	-	3	Semi-Detached House
£522.5K	12/21	0.06 mi	90, Seymour Avenue, London, Greater London N17 9ED	-	-	3	Terraced House
£603K	07/23	0.06 mi	88, Seymour Avenue, London, Greater London N17 9ED	£6,281	96	3	Terraced House
£477.5K	11/21	0.09 mi	127, Sherringham Avenue, London, Greater London N17 9RU	£5,134	93	3	Terraced House
£610K	06/23	0.09 mi	133, Seymour Avenue, London, Greater London N17 9RH	£6,854	89	3	Terraced House
£550K	11/21	0.1 mi	19, Rosebery Avenue, London, Greater London N17 9RY	£5,914	93	3	Terraced House
£565K	10/23	0.12 mi	29, Seymour Avenue, London, Greater London N17 9RE	£5,947	95	3	Terraced House
£600K	06/21	0.13 mi	156, Thackeray Avenue, London, Greater London N17 9DX	£7,059	85	3	Terraced House
£510K	04/21	0.13 mi	27, Thackeray Avenue, London, Greater London N17 9DT	£5,281	97	3	Terraced House
£600K	06/23	0.15 mi	46, Thackeray Avenue, London, Greater London N17 9DY	£7,059	85	3	Terraced House
£550K	08/23	0.15 mi	40, Thackeray Avenue, London, Greater London N17 9DY	£6,395	86	3	Terraced House
£547.5K	04/23	0.15 mi	63, Dowsett Road, London, Greater London N17 9DL	-	-	3	Terraced House
£555K	01/23	0.18 mi	31, Burlington Road, London, Greater London N17 9UH	-	-	3	Terraced House
£525K	01/21	0.19 mi	8, Kimberley Road, London, Greater London N17 9BD	£6,176	85	3	Terraced House
£540K	03/21	0.2 mi	17, Parkhurst Road, London, Greater London N17 9RB	-	-	3	Terraced House
£555K	07/23	0.21 mi	46, Mafeking Road, London, Greater London N17 9BG	-	-	3	Terraced House
£520K	06/21	0.21 mi	6, Mafeking Road, London, Greater London N17 9BG	£5,977	87	3	Terraced House
£600K	06/21	0.23 mi	106, Lansdowne Road, Tottenham, London, Greater London N17 9XX	£4,975	121	3	Terraced House
£625K	09/22	0.29 mi	25, Vicarage Road, London, Greater London N17 0BB	£5,580	112	3	Semi-Detached House
£547K	02/23	0.31 mi	219, Lansdowne Road, Tottenham, London, Greater London N17 0NU	-	-	3	Terraced House
£415K	09/21	0.32 mi	19, Asplins Road, London, Greater London N17 0NG	£3,945	105	3	Terraced House
£517K	01/21	0.33 mi	37, Park View Road, London, Greater London N17 9AT	-	-	3	Terraced House
£420.5K	05/21	0.35 mi	1, Manor Road, London, Greater London N17 0JH	£4,380	96	3	Terraced House
£545K	03/23	0.36 mi	27, Dawlish Road, London, Greater London N17 9HN	£6,412	85	3	Terraced House
£450K	01/21	0.4 mi	4, Denmark Street, London, Greater London N17 0JL	£5,921	76	3	Terraced House
£650K	01/21	0.4 mi	3, Newlyn Road, London, Greater London N17 6RX	£6,075	107	3	Terraced House
£540K	09/21	0.41 mi	64, Scales Road, London, Greater London N17 9EZ	-	-	3	Terraced House
£480K	12/20	0.42 mi	19, Bromley Road, London, Greater London N17 0AR	£4,948	97	3	Terraced House
£527.5K	11/22	0.44 mi	50, Shelbourne Road, London, Greater London N17 9YH	£5,994	88	3	Terraced House
£490K	04/21	0.47 mi	11, Shelbourne Road, London, Greater London N17 0JX	£5,671	86	3	Semi-Detached House
£580K	05/23	0.47 mi	11, Shelbourne Road, London, Greater London N17 0JX	£6,713	86	3	Terraced House
£485K	04/21	0.47 mi	19, Shelbourne Road, London, Greater London N17 0JX	-	-	3	Semi-Detached House
£495K	11/20	0.47 mi	56, Birkbeck Road, Tottenham, London, Greater London N17 8NG	£4,853	102	3	Terraced House
£420K	05/23	0.48 mi	5, Moorefield Road, London, Greater London N17 6PX	£5,455	77	3	Terraced House
£471K	10/21	0.48 mi	11, Moorefield Road, London, Greater London N17 6PX	£3,893	121	3	Terraced House
£513.5K	04/21	0.49 mi	25, Birkbeck Road, Tottenham, London, Greater London N17 8NH	-	-	3	Terraced House
£627K	12/20	0.52 mi	45, Bruce Castle Road, London, Greater London N17 8NL	£5,405	116	3	Terraced House
£500K	02/21	0.52 mi	67, Bruce Castle Road, London, Greater London N17 8NL	£5,682	88	3	Terraced House
£410K	09/21	0.52 mi	24, Fairbanks Road, London, Greater London N17 9JJ	-	-	3	Terraced House
£575K	01/21	0.53 mi	91, Woodside Gardens, London, Greater London N17 6UN	£5,693	101	3	Terraced House
£640K	06/23	0.54 mi	85, The Avenue, Tottenham, London, Greater London N17 6TB	£5,517	116	3	Terraced House
£595K	01/21	0.55 mi	14, Trulock Road, London, Greater London N17 0PH	£9,441	63	3	Terraced House
£540K	12/22	0.55 mi	4a, Trulock Road, London, Greater London N17 0PH	£4,806	112	3	Terraced House
£690K	12/20	0.55 mi	14, Radley Road, London, Greater London N17 6RL	-	-	3	Terraced House
£490K	03/21	0.56 mi	52, St Loy's Road, London, Greater London N17 6UD	£5,506	89	3	Terraced House
£620K	03/23	0.56 mi	96, St Loy's Road, London, Greater London N17 6UD	£5,299	117	3	Terraced House
£630K	06/21	0.59 mi	71, Sperling Road, London, Greater London N17 6UJ	£6,429	98	3	Terraced House
£738K	06/23	0.61 mi	114, Broadwater Road, London, Greater London N17 6ET	£7,165	103	3	Terraced House
£640K	03/21	0.62 mi	80, Greyhound Road, London, Greater London N17 6XN	£6,702	96	3	Terraced House
£625K	03/23	0.62 mi	92, Greyhound Road, London, Greater London N17 6XN	-	-	3	Terraced House

Local Rents

50 rents from £1.9K/mo to £4K/mo, average is £3.4K/mo.

Rent	Date	Distance	Address	Beds	Type
£2,600	04/25	0.04 mi	-	3	Terraced House
£2,100	12/24	0.06 mi	-	3	Terraced House
£2,200	05/24	0.13 mi	Thackeray Avenue, Tottenham, London, N17	3	Terraced House
£2,250	12/24	0.13 mi	-	3	Terraced House
£2,250	12/24	0.13 mi	Park View Road, London, N17	3	Terraced House
£2,500	03/24	0.15 mi	Park View Road, London, N17	3	Terraced House
£2,395	03/24	0.21 mi	Shelbourne Road, Tottenham, N17	3	Flat
£2,250	05/24	0.22 mi	New Villas, Baronet Road,London,N17	3	Flat
£3,775	05/24	0.22 mi	Sessile Apartments, N17, Tottenham, London, N17	3	Flat
£3,500	12/24	0.24 mi	Lansdowne Rd, London, N17	3	Flat
£2,500	12/24	0.25 mi	-	3	Semi-Detached House
£2,500	06/24	0.26 mi	St. Andrews Court, Scotland Green, Tottenham, N17	3	Flat
£1,900	06/24	0.27 mi	Lansdowne Road, Tottenham N17	3	Flat
£2,150	12/24	0.28 mi	-	3	Flat
£2,600	04/25	0.28 mi	-	3	Terraced House
£2,200	05/24	0.32 mi	Asplins Road, Tottenham, London, N17	3	Terraced House
£2,300	12/24	0.34 mi	-	3	Flat
£3,380	06/24	0.35 mi	Ashley Road, London N17 9NW	3	Flat
£3,380	06/24	0.35 mi	Ashley Road, London N17 9NW	3	Flat
£3,785	05/24	0.36 mi	Sessile Apartments, Tottenham, London, N17	3	Flat
£3,725	05/24	0.36 mi	Sessile Apartments, Tottenham, London, N17	3	Flat
£3,535	06/24	0.38 mi	Ashley Road Tottenham Hale N17	3	Flat
£3,590	05/24	0.38 mi	The Sessile, 18 Ashley Road, Tottenham Hale N17	3	Flat
£3,580	05/24	0.38 mi	The Sessile, 18 Ashley Road, Tottenham Hale N17	3	Flat
£3,800	05/24	0.38 mi	The Sessile, 18 Ashley Road, London, N17 9NT	3	Flat
£3,695	05/24	0.38 mi	The Sessile, 18 Ashley Road, London, N17 9NW	3	Flat
£3,820	05/24	0.38 mi	The Sessile, 18 Ashley Road, London, N17 9NT	3	Flat
£3,610	06/24	0.38 mi	The Sessile, 18 Ashley Road, London, N17 9ZS	3	Flat
£3,755	06/24	0.38 mi	The Sessile, 18 Ashley Road, London, N17 9ZS	3	Flat
£3,580	05/24	0.38 mi	Ashley Road, London, N17	3	Flat
£3,580	05/24	0.38 mi	Ashley Road, London, N17	3	Flat
£3,580	05/24	0.38 mi	Ashley Road, London, N17	3	Flat
£3,600	06/24	0.38 mi	Ashley Road, London, N17	3	Flat
£3,600	06/24	0.38 mi	Ashley Road, London, N17	3	Flat
£3,600	12/24	0.38 mi	Ashley Road, London, N17	3	Flat
£3,610	12/24	0.38 mi	Ashley Road, London, N17	3	Flat
£3,580	05/24	0.38 mi	Ashley Road, London, N17	3	Flat
£2,000	12/24	0.4 mi	-	3	Flat
£4,000	01/25	0.41 mi	-	3	Terraced House
£3,000	03/25	0.41 mi	-	3	Terraced House
£2,350	05/24	0.41 mi	Scales Road, Tottenham, London	3	Terraced House
£2,100	02/24	0.41 mi	-	3	Detached House
£2,000	02/24	0.41 mi	-	3	Terraced House
£3,600	06/24	0.42 mi	Ashley Road, London N17 9NW	3	Flat
£3,350	06/24	0.42 mi	The Gessner, Ashley Road, N17 9NW	3	Flat
£3,495	06/24	0.42 mi	The Gessner, Ashley Road, N17 9NW	3	Flat
£3,345	05/24	0.43 mi	The Gessner, 3 Watermead Way, Tottenham Hale, N17 9QZ	3	Flat
£3,495	06/24	0.43 mi	The Gessner, 3 Watermead Way, Tottenham Hale, N17 9QZ	3	Flat
£3,380	06/24	0.44 mi	Ashley Road, London N17 9NW	3	Flat
£2,350	05/24	0.44 mi	-	3	Flat

Local Area Statistics

Population in N17	62,84362,843
Population in London	4,771,9214,771,921
Town centre distance	5.08 miles away5.08 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.41 miles away0.41 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+3%+3%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+14%+14%

Property History

Price changed to £500,000

January 23, 2025

Listed for £550,000

December 26, 2024

Floor Plans

Description

Freehold +
Two Reception Rooms +
Three Bedrooms +
Upstairs Bathroom +
Renovation Opportunity +
Gas Central Heating +
Double Glazing +
Private Garden +

Nestled in the vibrant heart of Tottenham, this property is an excellent choice for those looking to place their personalised stamp on a home within a dynamic and growing community.

Conveniently located near Bruce Grove Overground Station and Tottenham Hale Underground Station (Victoria Line & Stansted Express), this property offers seamless connections to Stansted Airport, Liverpool Street, Oxford Street, and the City.

Enjoy the energy of Tottenham Hale`s transformation, the historic charm of Bruce Grove, and the vibrant Seven Sisters neighbourhood. Nearby landmarks like Tottenham Hotspurs Stadium add to the area`s appeal, while Bruce Castle Park provides a peaceful green retreat for leisure and outdoor activities.Superb opportunity to embrace urban living with a strong sense of community in this well-connected and thriving location.

Notice
Please note we have not tested any apparatus, fixtures, fittings, or services. Interested parties must undertake their own investigation into the working order of these items. All measurements are approximate and photographs provided for guidance only.

Agent Details

Cul-de-Sac Residential, London

020 3912 8037

Next Steps?

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

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