2 Bed Flat, Single Let, London, N3 3BY, £325,000

Basing Way, Finchley, N3 3BY - 3 months ago

Leasehold

BTL

ROI: 1%

~66 m²

+9 photos

ValuationUndervalued

Sold Prices	£308K - £931K
Sold Prices/m²	£4K/m² - £10K/m²

Square Metres	~65.70 m²
Price/m²	£4.9K/m²
Value Estimate	£403,000£403,000
BMV	24%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£81,250£81,250
Stamp Duty & Legal Fees	£21,200£21,200
Total Cash In	£102,450£102,450

Cash Out
Rent Range	£1,420 - £2,595£1,420 - £2,595
Rent Estimate	£1,434
Running Costs/mo	£1,322£1,322
Cashflow/mo	£112£112
Cashflow/yr	£1,339£1,339
ROI	1%1%
Gross Yield	5%5%

Local Sold Prices

50 sold prices from £308K to £931K, average is £430.5K. £4K/m² to £10K/m², average is £7K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£325K	11/20	0.03 mi	120, Basing Way, London, Greater London N3 3DA	£5,417	60	2	Flat
£350K	10/20	0.1 mi	57, Basing Way, London, Greater London N3 3BP	£6,070	58	2	Flat
£382.5K	03/23	0.13 mi	33, Amberden Avenue, London, Greater London N3 3DE	£6,217	62	2	Flat
£320K	12/22	0.13 mi	19, Amberden Avenue, London, Greater London N3 3DE	£5,614	57	2	Flat
£415K	02/24	0.17 mi	Cranbourne Court, Flat 3, Briar Close, London, Greater London N2 0SD	£6,103	68	2	Flat
£445K	03/23	0.17 mi	Flat 15, Cranbourne Court, Briar Close, London, Greater London N2 0SD	-	-	2	Flat
£575K	12/22	0.25 mi	10, Rosemary Avenue, London, Greater London N3 2QN	£9,274	62	2	Flat
£931K	05/21	0.27 mi	93, Lichfield Grove, London, Greater London N3 2JL	£7,000	133	2	Flat
£420K	12/20	0.32 mi	15, Orchard Avenue, London, Greater London N3 3NL	£6,971	60	2	Flat
£420K	12/20	0.32 mi	15, Orchard Avenue, London, Greater London N3 3NL	£6,971	60	2	Flat
£463K	01/21	0.34 mi	1, Denison Close, London, Greater London N2 0JT	£8,123	57	2	Flat
£450K	06/21	0.34 mi	24, Denison Close, London, Greater London N2 0JT	£7,109	63	2	Flat
£358K	12/20	0.34 mi	134a, East End Road, London, Greater London N2 0RZ	£5,594	64	2	Flat
£420K	05/21	0.36 mi	27, Denison Close, London, Greater London N2 0JT	£6,176	68	2	Flat
£420K	05/21	0.37 mi	27, Denison Close, London, Greater London N2 0JT	£6,176	68	2	Flat
£400K	04/21	0.38 mi	47a, Lichfield Grove, London, Greater London N3 2JJ	-	-	2	Flat
£431K	06/21	0.38 mi	40, Denison Close, London, Greater London N2 0JU	£6,734	64	2	Flat
£440K	06/21	0.38 mi	42, Denison Close, London, Greater London N2 0JU	£7,097	62	2	Flat
£440K	11/20	0.39 mi	190a, Squires Lane, London, Greater London N3 2QT	£6,769	65	2	Flat
£470K	11/20	0.39 mi	196, Squires Lane, London, Greater London N3 2QT	£7,705	61	2	Flat
£430K	09/23	0.41 mi	Flat 13, Ellerton Lodge, East End Road, London, Greater London N3 3QH	-	-	2	Flat
£385K	06/23	0.41 mi	Flat 24, Ellerton Lodge, East End Road, London, Greater London N3 3QH	-	-	2	Flat
£450K	03/21	0.41 mi	129, Ossulton Way, London, Greater London N2 0JS	£6,923	65	2	Flat
£475K	12/22	0.41 mi	61, Beaufort Park, London, Greater London NW11 6BT	£6,250	76	2	Flat
£407.5K	07/23	0.43 mi	Flat 3, Warwick Court, Ossulton Way, London, Greater London N2 0LG	-	-	2	Flat
£366K	01/21	0.43 mi	156a, East End Road, London, Greater London N2 0RY	£7,176	51	2	Flat
£390K	03/21	0.44 mi	110, Beaufort Park, London, Greater London NW11 6BY	£5,396	72	2	Flat
£415K	09/21	0.44 mi	Flat 24, Derby Lodge, East End Road, London, Greater London N3 3QG	-	-	2	Flat
£380K	01/21	0.44 mi	Flat 6, Derby Lodge, East End Road, London, Greater London N3 3QG	-	-	2	Flat
£355K	02/23	0.44 mi	Flat 14, Derby Lodge, East End Road, London, Greater London N3 3QG	-	-	2	Flat
£308K	08/23	0.44 mi	170d, Long Lane, London, Greater London N3 2RA	-	-	2	Flat
£495K	10/21	0.45 mi	40, Hill Top, London, Greater London NW11 6EE	£9,706	51	2	Flat
£385K	05/24	0.45 mi	41, Beaufort Park, London, Greater London NW11 6BS	-	-	2	Flat
£575K	09/21	0.46 mi	26, Sedgemere Avenue, London, Greater London N2 0SX	£8,582	67	2	Flat
£558.8K	12/23	0.46 mi	6, Sedgemere Avenue, London, Greater London N2 0SX	£7,534	74	2	Flat
£555K	03/23	0.46 mi	16a, Sedgemere Avenue, London, Greater London N2 0SX	£7,281	76	2	Flat
£360K	01/23	0.46 mi	129, Beaufort Park, London, Greater London NW11 6BY	£4,045	89	2	Flat
£610K	01/21	0.46 mi	Flat 11, Mayflower Lodge, Regents Park Road, London, Greater London N3 3HU	-	-	2	Flat
£415K	05/21	0.46 mi	Flat 12, Branksome Court, East End Road, London, Greater London N2 0RX	-	-	2	Flat
£410K	06/21	0.46 mi	Flat 6, Branksome Court, East End Road, London, Greater London N2 0RX	-	-	2	Flat
£575K	10/22	0.47 mi	Flat 65, Mayflower Lodge, Regents Park Road, London, Greater London N3 3HX	-	-	2	Flat
£560K	09/21	0.48 mi	52, Neale Close, London, Greater London N2 0LF	£10,036	56	2	Flat
£592K	07/24	0.49 mi	33a, Sedgemere Avenue, London, Greater London N2 0SY	£7,494	79	2	Flat
£560K	06/21	0.49 mi	43, Sedgemere Avenue, London, Greater London N2 0SY	£7,086	79	2	Flat
£650K	10/22	0.49 mi	25a, Sedgemere Avenue, London, Greater London N2 0SY	£8,228	79	2	Flat
£435K	06/21	0.49 mi	335a, Long Lane, London, Greater London N2 8JW	-	-	2	Flat
£515K	06/23	0.5 mi	5, Heath View Close, London, Greater London N2 0PY	£6,519	79	2	Flat
£565K	09/21	0.51 mi	34, Redbourne Avenue, London, Greater London N3 2BS	£5,090	111	2	Flat
£435K	11/22	0.51 mi	Flat 36, Sherwood Hall, East End Road, London, Greater London N2 0TA	-	-	2	Flat
£430K	12/20	0.51 mi	Flat 10, Sherwood Hall, East End Road, London, Greater London N2 0TA	-	-	2	Flat

Local Rents

50 rents from £1.4K/mo to £2.6K/mo, average is £1.8K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,850	08/24	0 mi	Basing Way, Finchley, N3	2	Flat
£1,750	05/24	0 mi	Basing Way, LONDON	2	Flat
£1,700	05/24	0.1 mi	Basing Way, LONDON	2	Flat
£2,100	11/24	0.17 mi	-	2	Flat
£2,000	03/25	0.17 mi	-	2	Flat
£1,550	07/24	0.19 mi	Kingsgate Avenue, London, N3	2	Flat
£1,550	07/24	0.19 mi	-	2	Flat
£2,595	10/24	0.21 mi	-	2	Flat
£1,800	07/24	0.24 mi	Glenhill Close, Finchley, N3	2	Flat
£1,795	06/24	0.24 mi	-	2	Flat
£1,849	09/24	0.26 mi	-	2	Flat
£1,799	10/24	0.26 mi	-	2	Flat
£2,250	05/24	0.27 mi	Orchard Avenue, Finchley, N3	2	Flat
£2,100	02/24	0.28 mi	-	2	House
£2,350	07/24	0.29 mi	Mountfield Road, Finchley, N3	2	Flat
£1,950	06/24	0.29 mi	Station Road, Finchley, N3	2	Flat
£1,700	07/24	0.3 mi	East End Road, Finchley, N3	2	Flat
£1,925	02/25	0.3 mi	-	2	Flat
£1,800	07/24	0.32 mi	Glenhill Close, Finchley, N3	2	Flat
£1,750	07/24	0.34 mi	Glenhill Close (MS075), Finchley. N3	2	Flat
£1,950	05/24	0.34 mi	Denison Close London N2	2	Flat
£1,700	05/24	0.34 mi	Station Road, Finchley	2	Flat
£1,800	05/24	0.34 mi	Glenhill Close, Finchley, N3	2	Flat
£2,100	08/24	0.34 mi	Cavendish Avenue, Finchley Central, London	2	Flat
£1,950	05/24	0.35 mi	Denison Close, Hampstead Garden Suburb, N2	2	Flat
£2,200	02/25	0.35 mi	-	2	Flat
£1,800	07/24	0.36 mi	Holyoake Walk, East Finchley, N2	2	Flat
£2,000	08/24	0.36 mi	Station Road ,Finchley Central, N3	2	Flat
£1,700	03/25	0.36 mi	-	2	Flat
£1,850	11/24	0.36 mi	-	2	Flat
£2,500	06/24	0.36 mi	Spencer Close, Finchley, N3	2	Flat
£1,695	12/24	0.36 mi	-	2	Flat
£1,800	09/24	0.36 mi	-	2	Flat
£1,800	05/24	0.37 mi	Glenhill Close, Finchley, N3	2	Flat
£2,191	12/24	0.37 mi	-	2	Terraced House
£1,950	05/24	0.37 mi	-	2	Flat
£1,450	02/25	0.38 mi	-	2	Flat
£1,420	03/25	0.38 mi	-	2	Flat
£1,850	05/24	0.38 mi	Lichfield Grove, Finchley Central, N3	2	Flat
£1,425	07/24	0.39 mi	-	2	Flat
£1,800	08/24	0.39 mi	Squires Lane, Finchley	2	Flat
£1,900	08/24	0.39 mi	Fabian Court, 57-59 Station Road, Finchley Central	2	Flat
£2,050	07/24	0.39 mi	Stanhope Avenue, Finchley, N3	2	Flat
£2,200	05/24	0.4 mi	East End Road, London, N3	2	Flat
£1,751	02/25	0.4 mi	-	2	Flat
£1,750	05/24	0.4 mi	-	2	Flat
£1,750	07/24	0.4 mi	-	2	Flat
£1,800	04/25	0.4 mi	-	2	Flat
£1,600	06/24	0.4 mi	Mountfield Road, Finchley, N3	2	Flat
£1,850	05/24	0.4 mi	Ossulton Way, East Finchley, London, N2	2	Flat

Local Area Statistics

Population in N3	26,58426,584
Population in London	4,771,9214,771,921
Town centre distance	5.77 miles away5.77 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.51 miles away0.51 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 £325,000

March 20, 2025

Listed for £375,000

January 2, 2025

Floor Plans

Description

Excellent First Time Buy or Investment +
Two Double Bedrooms +
Approximately 15 FT Reception Room +
Balcony +
Communal Gardens +
Communal Parking on a First Come First Serve Basis +
Within Walking Distance of Finchley Central Station, Shops & Restaurants +
Right by Pure Gym & Cricket Club +
Lease: Approximately 176 years +
Service Charge: Approximately £1420.31 pa +

MUST BE VIEWED! This is a top (second) floor two double bedroom flat in an ex-local authority purpose built block overlooking a communal green and is also set back off East End Road.

The property benefits from an approximately 15 ft reception room with access to a balcony, double glazing, gas central heating, communal gardens and parking.

Pure Gym is right nearby with Finchley Central station, shops and restaurants walking distance away.

To really appreciate the size, location and condition, an internal viewing is highly recommended via the vendors sole agents, Ellis & Co. Tel No. .

Agent Details

Ellis & Co, Finchley

020 3856 3457

Next Steps?

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

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