2 Bed Flat, Single Let, London, N3 1LD, £450,000

221B Cornwall Avenue, Finchley, N3 1LD - 3 views - 4 months ago

Leasehold

BTL

~66 m²

+5 photos

ValuationFair Value

Sold Prices	£235K - £931K
Sold Prices/m²	£3.7K/m² - £9.4K/m²

Square Metres	~66 m²
Price/m²	£6.8K/m²
Value Estimate	£458,118£458,118

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£112,500£112,500
Stamp Duty & Legal Fees	£36,200£36,200
Total Cash In	£148,700£148,700

Cash Out
Rent Range	£1,600 - £2,475£1,600 - £2,475
Rent Estimate	£1,669
Running Costs/mo	£1,760£1,760
Cashflow/mo	£-91£-91
Cashflow/yr	£-1,093£-1,093
Gross Yield	4%4%

Local Sold Prices

50 sold prices from £235K to £931K, average is £445K. £3.7K/m² to £9.4K/m², average is £6.9K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£475K	06/21	0.04 mi	10, Falkland Avenue, London, Greater London N3 1QR	-	-	2	Flat
£472K	04/21	0.04 mi	2a, Falkland Avenue, London, Greater London N3 1QR	£6,941	68	2	Flat
£580K	03/21	0.15 mi	66, Princes Avenue, London, Greater London N3 2DB	-	-	2	Flat
£550K	12/22	0.15 mi	62b, Princes Avenue, London, Greater London N3 2DB	-	-	2	Flat
£620K	06/21	0.18 mi	4, Howcroft Crescent, London, Greater London N3 1PB	£7,045	88	2	Flat
£400K	03/21	0.21 mi	14a, Brownlow Road, London, Greater London N3 1NA	£6,452	62	2	Flat
£398K	06/23	0.24 mi	Flat 13, Western Court, Huntly Drive, London, Greater London N3 1NX	-	-	2	Flat
£405K	03/23	0.24 mi	Flat 17, Norman Court, Nether Street, London, Greater London N3 1QQ	-	-	2	Flat
£565K	09/21	0.24 mi	34, Redbourne Avenue, London, Greater London N3 2BS	£5,090	111	2	Flat
£237.4K	01/23	0.28 mi	Flat 5, The Fountains, Ballards Lane, Finchley, London, Greater London N3 1NL	-	-	2	Flat
£460K	04/21	0.3 mi	18, Grosvenor Road, London, Greater London N3 1EX	£7,077	65	2	Flat
£450K	06/21	0.31 mi	61, Grosvenor Road, London, Greater London N3 1EY	£7,258	62	2	Flat
£575K	05/21	0.31 mi	45, Grosvenor Road, London, Greater London N3 1EY	£9,271	62	2	Flat
£412.5K	02/21	0.31 mi	Flat 1, Finchley Court, Ballards Lane, Finchley, London, Greater London N3 1NH	-	-	2	Flat
£454K	10/22	0.32 mi	Flat 33, Finchley Court, Ballards Lane, Finchley, London, Greater London N3 1NH	-	-	2	Flat
£415K	11/20	0.32 mi	51, Grosvenor Road, London, Greater London N3 1EY	£6,684	62	2	Flat
£415K	04/21	0.33 mi	15a, Dollis Road, London, Greater London N3 1RB	-	-	2	Flat
£423K	07/23	0.34 mi	Flat 76, Finchley Court, Ballards Lane, Finchley, London, Greater London N3 1NJ	-	-	2	Flat
£235K	12/20	0.34 mi	70, Eversleigh Road, London, Greater London N3 1JA	£3,730	63	2	Flat
£490K	06/21	0.34 mi	Flat A, 3, Etchingham Park Road, London, Greater London N3 2DU	£7,758	63	2	Flat
£425K	04/21	0.34 mi	Flat 11, Dollis Court, Crescent Road, London, Greater London N3 1HR	-	-	2	Flat
£590K	12/20	0.35 mi	Ground Floor Flat, 25, Elm Park Road, London, Greater London N3 1EG	£8,939	66	2	Flat
£460K	06/21	0.35 mi	70a, Elm Park Road, London, Greater London N3 1EB	-	-	2	Flat
£500K	06/21	0.36 mi	57, Dollis Park, London, Greater London N3 1HJ	£7,042	71	2	Flat
£273.8K	03/21	0.38 mi	Flat 5, Spencer Court, Granville Road, London, Greater London N12 0HN	-	-	2	Flat
£472K	12/22	0.38 mi	Flat 21, Etchingham Court, Etchingham Park Road, London, Greater London N3 2EA	-	-	2	Flat
£450K	12/22	0.39 mi	28, Gordon Road, London, Greater London N3 1EJ	£5,921	76	2	Flat
£415K	09/23	0.4 mi	18, Burnbrae Close, London, Greater London N12 8PH	£6,103	68	2	Flat
£390K	11/20	0.4 mi	18, Burnbrae Close, London, Greater London N12 8PH	£5,735	68	2	Flat
£410K	04/21	0.4 mi	Ground Floor Maisonette, 83, Dollis Road, London, Greater London N3 1RD	-	-	2	Flat
£450K	08/23	0.4 mi	55a, Dollis Road, London, Greater London N3 1RD	-	-	2	Flat
£436K	03/21	0.4 mi	55b, Dollis Road, London, Greater London N3 1RD	£7,267	60	2	Flat
£347K	10/20	0.41 mi	214c, Ballards Lane, London, Greater London N3 2LX	£5,422	64	2	Flat
£430K	01/21	0.41 mi	Flat 8, The Laurels, Nether Street, London, Greater London N3 1NP	-	-	2	Flat
£390K	05/21	0.41 mi	55, Long Lane, London, Greater London N3 2HY	£5,065	77	2	Flat
£515K	06/21	0.41 mi	95a, Long Lane, London, Greater London N3 2HY	£6,719	77	2	Flat
£380K	05/23	0.41 mi	83a, Long Lane, London, Greater London N3 2HY	-	-	2	Flat
£400K	04/21	0.42 mi	47a, Lichfield Grove, London, Greater London N3 2JJ	-	-	2	Flat
£368.1K	11/21	0.42 mi	261b, Ballards Lane, London, Greater London N3 1NG	£6,347	58	2	Flat
£440K	03/21	0.42 mi	7a, Woodlands Avenue, London, Greater London N3 2NS	-	-	2	Flat
£489K	12/20	0.42 mi	11, Woodlands Avenue, London, Greater London N3 2NS	-	-	2	Flat
£535K	05/23	0.45 mi	22, Woodlands Avenue, London, Greater London N3 2NR	£9,386	57	2	Flat
£500K	11/22	0.45 mi	2, Woodberry Gardens, London, Greater London N12 0HD	£8,197	61	2	Flat
£485K	10/23	0.46 mi	27b, Granville Road, London, Greater London N12 0HP	£7,647	63	2	Flat
£440K	11/20	0.48 mi	190a, Squires Lane, London, Greater London N3 2QT	£6,769	65	2	Flat
£470K	11/20	0.48 mi	196, Squires Lane, London, Greater London N3 2QT	£7,705	61	2	Flat
£931K	05/21	0.48 mi	93, Lichfield Grove, London, Greater London N3 2JL	£7,000	133	2	Flat
£360K	04/21	0.49 mi	61, Bow Lane, London, Greater London N12 0JL	-	-	2	Flat
£537K	12/20	0.5 mi	4b, Thyra Grove, London, Greater London N12 8HD	£6,797	79	2	Flat
£385K	01/23	0.51 mi	165, Squires Lane, London, Greater London N3 2AA	-	-	2	Flat

Local Rents

50 rents from £1.6K/mo to £2.5K/mo, average is £1.9K/mo.

Rent	Date	Distance	Address	Beds	Type
£2,150	05/24	0 mi	Cornwall Avenue, Finchley	2	Flat
£2,150	08/24	0.01 mi	Cornwall Works, London, N3	2	Flat
£2,150	08/24	0.01 mi	-	2	Flat
£2,200	06/24	0.05 mi	-	2	Flat
£2,199	07/24	0.05 mi	-	2	Flat
£2,200	07/24	0.05 mi	-	2	Flat
£2,200	07/24	0.06 mi	-	2	Flat
£2,200	08/24	0.06 mi	-	2	Flat
£1,950	05/24	0.07 mi	-	2	Flat
£1,950	05/24	0.07 mi	Ballards Lane, London, N3	2	Flat
£1,950	07/24	0.08 mi	Ballards Lane, Finchley	2	Flat
£1,950	09/24	0.08 mi	Ballards Lane, Finchley	2	Flat
£1,900	05/24	0.08 mi	-	2	Flat
£1,900	05/24	0.08 mi	Long Lane, London, N3	2	Flat
£1,846	09/24	0.11 mi	Princes Avenue, Finchley Central N3	2	Flat
£2,200	05/24	0.11 mi	-	2	House
£2,050	08/24	0.13 mi	-	2	Flat
£1,750	08/24	0.13 mi	Ballards Lane, London, N3	2	Flat
£2,050	09/24	0.13 mi	-	2	Flat
£2,050	04/25	0.13 mi	-	2	Flat
£2,050	08/24	0.13 mi	Princes Avenue, London, N3	2	Flat
£1,700	03/25	0.14 mi	-	2	Flat
£2,000	06/24	0.15 mi	Ballards Lane, Church End, London, N3	2	Flat
£2,200	05/24	0.15 mi	Ballards Lane, London, N3	2	Flat
£1,850	02/24	0.15 mi	-	2	House
£1,800	06/24	0.15 mi	Nether Close, (MS072), Finchley, N3	2	Flat
£1,750	06/24	0.15 mi	Princes Avenue, Finchley Central, London	2	Flat
£1,850	05/24	0.16 mi	Nether Close, N3 1AA	2	Flat
£2,000	07/24	0.16 mi	Ballards Lane, Finchley	2	Flat
£1,950	06/24	0.17 mi	Dorset Mews, London, N3	2	Flat
£2,100	06/24	0.18 mi	Dorset Mews London N3	2	Flat
£1,750	06/24	0.18 mi	Long Lane, Finchley, London	2	Flat
£1,900	08/24	0.19 mi	The Grove, Finchley Central, London	2	Flat
£1,700	07/24	0.19 mi	The Grove, Finchley Central, London, N3 1QT	2	Flat
£1,700	11/24	0.19 mi	-	2	Flat
£2,295	05/24	0.19 mi	Ballards Lane, Finchley	2	Flat
£2,350	07/24	0.19 mi	Ballards Lane, Finchley	2	Flat
£1,900	01/25	0.2 mi	-	2	Flat
£1,900	02/25	0.2 mi	-	2	Flat
£2,000	07/24	0.21 mi	Nether Street, Finchley. N3	2	Flat
£2,300	07/24	0.21 mi	Shakespeare Road, London, N3	2	Flat
£2,475	04/25	0.21 mi	-	2	Bungalow
£1,600	04/25	0.22 mi	-	2	Flat
£1,725	08/24	0.22 mi	Princes Avenue, Finchley Central, N3	2	Flat
£1,650	06/24	0.22 mi	Nether Street, Finchley, N3	2	Flat
£1,650	07/24	0.22 mi	Nether Street, Finchley, N3	2	Flat
£2,250	05/24	0.22 mi	Princes Avenue, Finchley, N3	2	Flat
£1,900	08/24	0.23 mi	Ballards Lane, Finchley Central, N3	2	Flat
£1,900	09/24	0.23 mi	Ballards Lane, Finchley Central, N3	2	Flat
£1,900	08/24	0.23 mi	Ballards Lane, Finchley Central, N3	2	Flat

Local Area Statistics

Population in N3	26,58426,584
Population in London	4,771,9214,771,921
Town centre distance	6.43 miles away6.43 miles away
Nearest school	0.40 miles away0.40 miles away
Nearest train station	0.30 miles away0.30 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	-30%-30%
Sales demand	Buyer's marketBuyer's market
Capital growth (5yrs)	+19%+19%

Property History

Price changed to £450,000

February 28, 2025

Listed for £470,000

January 2, 2025

Floor Plans

Description

2 double bedrooms +
2 bathrooms (1 en-suite) +
Private gated development +
Chain free +
Underfloor heating +
Double Glazing +
Close to Tube +
Close to shops +

CHAIN FREE A very well presented 2 double bedroom, 2 bathroom (1 en-suite) apartment located on the first floor within a private, gated, courtyard development. The flat features a 19ft reception room with fully integrated kitchen and benefits include underfloor heating, plantation shutters and double glazing throughout. The property is situated a stone's throw away from the amenities of Ballards Lane and is only 0.4 miles from Finchley Central Tube station.

Lease: Approx. 118 years
Ground Rent: £450 per annum
Service Charge: Approx. £2400 per annum
Barnet Council Tax Band D

Agent Details

Squires Estates, Finchley

020 3856 3963

Next Steps?

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

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ValuationFair Value

CashflowsOpen in Analyser

Local Sold PricesDownload Show map

Local RentsDownload Show map

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Local Area Statistics

Property History

Floor Plans

Description

Agent Details

Next Steps?

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Local Sold Prices

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