2 Bed Flat, Single Let, London, N22 8EA, £270,000

Commerce Road, London, N22 8EA - 2 views - 4 months ago

Sold STC
Leasehold
BTL
ROI: 7%
~68 m²
+10 photos

ValuationUndervalued

Sold Prices£220K - £795K
Sold Prices/m²£4.7K/m² - £9K/m²

 

 

Square Metres

~68.11 m²
Price/m²£4K/m²

Value Estimate

£332,100
BMV23%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£67,500

Stamp Duty & Legal Fees

£10,300

Total Cash In

£77,800

 

 

Cash Out

 

Rent Range

£1,650 - £3,000

Rent Estimate

£1,650

Running Costs/mo

£1,194

Cashflow/mo

£456

Cashflow/yr

£5,475

ROI

7%

Gross Yield

7%

Local Sold Prices

50 sold prices from £220K to £795K, average is £419.5K. £4.7K/m² to £9K/m², average is £6.7K/m².

PriceDateDistanceAddressBeds 
£452K11/210.12 mi51, Bounds Green Road, London, Greater London N22 8HB2
£346K11/220.14 miFlat 17, Mohr Court, Nightingale Road, London, Greater London N22 8PX2
£388K11/200.16 mi11b, Stuart Crescent, London, Greater London N22 5NJ2
£495K11/200.17 mi80a, Finsbury Road, London, Greater London N22 8PF2
£335K06/230.17 mi80b, Finsbury Road, London, Greater London N22 8PF2
£380K08/230.19 mi26, Leverton Close, London, Greater London N22 7BT2
£535K12/200.21 mi30b, Park Avenue, London, Greater London N22 7EX2
£450K09/230.24 mi6, Pellatt Grove, London, Greater London N22 5PL2
£417K02/230.25 mi7a, Sidney Road, London, Greater London N22 8LT2
£360K03/230.25 miFlat 3, Greenwood House, Pellatt Grove, London, Greater London N22 5PJ2
£795K06/210.25 mi4, Wolseley Road, Wood Green, London, Greater London N22 7TW2
£360K06/210.25 miFlat 2, Greenwood House, Pellatt Grove, London, Greater London N22 5PJ2
£525K02/230.26 mi95a, Truro Road, Wood Green, London, Greater London N22 8DH2
£432.5K02/230.27 mi27, Palmerston Road, London, Greater London N22 8QH2
£422K03/240.27 mi5a, Palmerston Road, London, Greater London N22 8QH2
£450K11/200.27 mi41a, Palmerston Road, London, Greater London N22 8QH2
£515K10/230.27 mi21a, Palmerston Road, London, Greater London N22 8QH2
£442K08/230.27 miFlat 2, Arnold Court, Truro Road, Wood Green, London, Greater London N22 8DJ2
£600K12/230.28 mi19, Dorset Road, Wood Green, London, Greater London N22 7SL2
£440K11/220.29 mi20, Cranbrook Park, London, Greater London N22 5NA2
£438.8K10/210.29 miFirst Floor Flat, 2, Hampshire Road, London, Greater London N22 8LR2
£395K12/230.3 miFlat 2, Tudor Court, Clarence Road, Wood Green, London, Greater London N22 8QD2
£480K10/230.3 mi4a, Woodside Road, London, Greater London N22 5HU2
£495K02/210.31 mi24a, Woodside Road, London, Greater London N22 5HU2
£618K09/230.31 mi34, Barratt Avenue, London, Greater London N22 7EZ2
£320K12/220.32 miFlat 4, Fernwood, Clarence Road, Wood Green, London, Greater London N22 8QE2
£315K04/210.32 mi71, Eastern Road, London, Greater London N22 7AS2
£265K02/230.32 mi49, Eastern Road, London, Greater London N22 7AS2
£340K12/230.32 mi53, Eastern Road, London, Greater London N22 7AS2
£385K10/210.36 mi698, Lordship Lane, London, Greater London N22 5JN2
£487K01/210.36 mi694, Lordship Lane, London, Greater London N22 5JN2
£371.8K12/200.37 miFirst Floor Flat B, 11, Arcadian Gardens, London, Greater London N22 5AA2
£394K04/230.37 mi16b, Tower Terrace, London, Greater London N22 6SX2
£440K05/210.38 miFlat A, 10, Tower Terrace, London, Greater London N22 6SX2
£410K11/200.38 mi88, Woodside Road, London, Greater London N22 5HT2
£220K04/240.38 mi32c, Woodside Road, London, Greater London N22 5HT2
£375K06/210.39 mi13a, Cheshire Road, London, Greater London N22 8JJ2
£370K06/210.4 mi2a, Parkhurst Road, London, Greater London N22 8JQ2
£415K02/210.4 miGarden Floor Flat, 28, Parkhurst Road, London, Greater London N22 8JQ2
£550K06/210.4 mi26, Whittington Road, London, Greater London N22 8YD2
£315K06/210.41 mi49c, Parkland Road, London, Greater London N22 6SU2
£435K02/210.41 mi25a, Parkland Road, London, Greater London N22 6SU2
£443K08/210.41 mi67, Sylvan Avenue, London, Greater London N22 5JA2
£443K06/230.42 mi67, Marlborough Road, London, Greater London N22 8NJ2
£322K01/210.43 mi6b, Palace Gates Road, London, Greater London N22 7BN2
£395K04/210.44 mi138e, Mayes Road, London, Greater London N22 6SY2
£520K04/210.46 mi35, Crescent Road, Wood Green, London, Greater London N22 7RP2
£515K01/230.46 mi31, Crescent Road, Wood Green, London, Greater London N22 7RP2
£230K09/230.47 mi28c, Lascotts Road, London, Greater London N22 8JN2
£403K06/210.47 miFlat A, 12, Lascotts Road, London, Greater London N22 8JN2

Local Rents

50 rents from £1.6K/mo to £3K/mo, average is £1.8K/mo.

RentDateDistanceAddressBeds 
£1,87506/240.05 mi-2
£1,89001/250.08 mi-2
£1,95007/240.09 mi-2
£1,87507/240.12 miFinsbury Road, Wood Green, London, N222
£2,20003/250.13 mi-2
£1,90007/240.15 miFinsbury Road, Bowes Park, London, N222
£1,65005/240.15 mi-2
£1,67002/250.15 mi-2
£1,65004/250.15 mi-2
£1,65004/250.15 mi-2
£1,65005/240.15 miNewnham Road, London, N222
£2,20005/240.15 miPark Avenue, London2
£2,60012/240.16 mi-2
£1,80006/240.17 miTruro Road, Bounds Green, London2
£1,75006/240.17 miFinsbury Road, Wood Green, N222
£1,80012/240.17 mi-2
£1,80003/250.17 mi-2
£2,60005/240.19 miPark Avenue London N222
£2,20005/240.19 miPark Avenue, Alexandra Palace , London2
£1,87512/240.2 mi-2
£1,82507/240.21 mi-2
£1,85005/240.21 mi-2
£3,00006/240.21 miPark Avenue Alexandra Park N222
£1,65007/240.22 miEwart Grove,Wood Green N222
£1,70012/240.22 mi-2
£1,70005/240.23 miNightingale Road, Bounds Green, London, N222
£2,00004/250.24 mi-2
£1,85005/240.25 miWilliams Grove, Wood Green, London, N222
£1,84205/240.25 miWolseley Road, London, N222
£1,79504/250.26 mi-2
£1,80007/240.28 mi-2
£2,20005/240.29 miCumberland Road London N222
£1,75005/240.3 mi-2
£1,75005/240.3 miWood Green, London, N222
£1,75005/240.3 mi-2
£2,10005/240.3 miRichard Court, London, N222
£2,10005/240.3 mi-2
£1,99502/250.3 mi-2
£1,75005/240.31 miEastern Road, Bounds Green, London2
£1,99012/240.31 mi-2
£1,99012/240.31 mi-2
£1,75002/250.32 mi-2
£1,80004/250.32 mi-2
£1,75005/240.32 miImperial Road, Bounds Green, London2
£1,75005/240.32 miSaint Michael's Terrace, London, N222
£1,70006/240.32 miSaint Michael's Terrace, London, N222
£1,85004/250.32 mi-2
£1,65005/240.33 mi-2
£1,65012/240.33 mi-2
£1,90005/240.33 miSt. Michael's Terrace, London, N222

Local Area Statistics

Population in N22

42,996

Population in London

4,771,921

Town centre distance

5.08 miles away

Nearest school

0.10 miles away

Nearest train station

0.33 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-2%

Sales demand

Balanced market

Capital growth (5yrs)

+9%

Property History

Listed for £270,000

December 30, 2024

Floor Plans

Description

  • Two Double Bedrooms +
  • Purpose Built Block +
  • Double Glazing +
  • Gas Central Heating +
  • Close To Woodgreen Underground +
  • Close To Bowes Park Station +

The Property
Guide Price: £270,000 - £300,000 ** A spacious two double bedroom top floor flat, set within a sought after purpose built block in the popular Bowes Park area, a short walk to Woodgreen Underground and Bowes Park Station. Boasting circa 700sq ft of internal floor space, this unusually spacious two bedroom flat offers bright and airy accommodation and is well presented throughout.

Comprising of a stunning large front reception room. A separate kitchen diner that is flooded with natural light through its large windows and boasts ample storage. Both bedrooms are well proportioned with space for wardrobes. The stylish family bathroom boasts ceramic tiled walls and flooring with chrome fittings.

Location
The property is situated a moments walk to Bowes Park overground (Old Street and Moorgate) and Wood Green Underground Station (Piccadilly Line) providing easy access to the City and West End. The open spaces of Nightingale Gardens and Woodside Park are within easy reach. Close by is Wood Green for all its shopping facilities, restaurants, coffee bars, cinema and gymnasium complex; as well as the bars, restaurants and coffee shops.

Lease Information
108 years remaining on lease. All prospective purchasers are advised to make their own enquiries via a solicitor.

Service Charges
the service charge on the property is about £1400 per annum. All prospective purchasers are advised to make their own enquiries via a solicitor.

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 North London

020 3834 8512

Next Steps?

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