4 Bed Detached House, Refurb/BRRR, London, N3 1ET, £1,250,000

Lansdowne Road, Finchley, N3 1ET - 3 months ago

Under Offer
Refurb/BRRR
~129 m²
+15 photos

ValuationOvervalued

Sold Prices£310K - £1.5M
Sold Prices/m²£5.2K/m² - £11.9K/m²

 

 

Square Metres

~129.26 m²
Price/m²£9.7K/m²

Value Estimate

£786,250

 

 

End Value (After Refurb)

£920,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£312,500

Stamp Duty & Legal Fees

£104,950

Refurb Costs

£68,381

Bridging Loan Interest

£32,813

Total Cash In

£520,394

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£920,000

Mortgage (After Refinance)

£690,000

Mortgage LTV

75%

Cash Left In

£520,394

Equity

£230,000

Rent Range

£1,950 - £8,333

Rent Estimate

£2,891

Running Costs/mo

£3,473

Cashflow/mo

£-582

Cashflow/yr

£-6,986

Gross Yield

3%

Local Sold Prices

50 sold prices from £310K to £1.5M, average is £980K. £5.2K/m² to £11.9K/m², average is £6.9K/m².

PriceDateDistanceAddressBeds 
£1.0M09/210.01 mi11, Lansdowne Road, London, Greater London N3 1ET4
£1.1M06/210.03 mi12, Lansdowne Road, London, Greater London N3 1ES4
£985K06/210.07 mi36, Finchley Way, London, Greater London N3 1AH4
£940K09/220.09 mi15, Brent Way, London, Greater London N3 1AJ4
£870K12/200.1 mi31, Brent Way, London, Greater London N3 1AJ4
£855K10/200.11 mi86, Gordon Road, London, Greater London N3 1EP4
£760K10/220.11 mi11, Hamilton Way, London, Greater London N3 1AN4
£880K09/220.11 mi4, Hamilton Way, London, Greater London N3 1AN4
£897K03/210.11 mi14, Hamilton Way, London, Greater London N3 1AN4
£920K03/210.21 mi355, Nether Street, London, Greater London N3 1JN4
£912K10/220.21 mi39, Howcroft Crescent, London, Greater London N3 1PA4
£895K06/210.27 mi32, Fursby Avenue, London, Greater London N3 1PL4
£962K02/210.27 mi8, Fursby Avenue, London, Greater London N3 1PL4
£1.3M06/230.27 mi93, Walmington Fold, London, Greater London N12 7LH4
£870K06/210.31 mi97, Wentworth Avenue, London, Greater London N3 1YN4
£770K05/230.31 mi99, Wentworth Avenue, London, Greater London N3 1YN4
£860K06/210.33 mi18, Courthouse Gardens, London, Greater London N3 1PX4
£850K06/230.33 mi2, Courthouse Gardens, London, Greater London N3 1PX4
£895K12/220.33 mi61, Wentworth Park, London, Greater London N3 1YH4
£900K01/210.34 mi30, Chesterfield Road, London, Greater London N3 1PR4
£910K01/230.35 mi21, Linkside, London, Greater London N12 7LE4
£1.1M09/210.36 mi48, Dollis Park, London, Greater London N3 1BS4
£1.2M09/220.37 mi5, Dollis Park, London, Greater London N3 1HJ4
£310K06/230.37 mi54a, Ballards Lane, Finchley, London, Greater London N3 2BU4
£1.1M12/220.41 mi12, St Pauls Way, London, Greater London N3 2PP4
£1.4M10/200.42 mi61, Westbury Road, London, Greater London N12 7PB4
£975K11/210.42 mi45, Walmington Fold, London, Greater London N12 7LD4
£997K07/230.42 mi1, Walmington Fold, London, Greater London N12 7LD4
£1.1M10/230.42 mi39, Walmington Fold, London, Greater London N12 7LD4
£1.1M06/230.44 mi44, Princes Avenue, London, Greater London N3 2DB4
£950K09/210.44 mi38, Claverley Grove, London, Greater London N3 2DH4
£920K03/210.44 mi36, Claverley Grove, London, Greater London N3 2DH4
£925K08/210.44 mi9, Claverley Grove, London, Greater London N3 2DG4
£829.8K09/220.45 mi7, Courthouse Road, London, Greater London N12 7PH4
£1.0M03/230.46 mi19, Cissbury Ring South, London, Greater London N12 7BG4
£1.2M04/230.46 mi25, Cissbury Ring South, London, Greater London N12 7BG4
£1.0M03/210.46 mi6, Willow Way, London, Greater London N3 2PL4
£1.5M12/200.46 mi51, Westbury Road, London, Greater London N12 7PB4
£960K01/230.5 mi40, Moss Hall Grove, London, Greater London N12 8PB4
£1.1M12/210.5 mi2, Saddlescombe Way, London, Greater London N12 7LS4
£1.3M09/220.5 mi17, Wolstonbury, London, Greater London N12 7BA4
£988K06/230.51 mi45, Hervey Close, London, Greater London N3 2HG4
£1.5M04/210.51 mi59, Church Crescent, London, Greater London N3 1BL4
£1.1M06/210.52 mi74, Cissbury Ring South, London, Greater London N12 7BD4
£1.1M02/210.53 mi1, Dukes Avenue, London, Greater London N3 2DE4
£1.1M09/210.53 mi39, Dukes Avenue, London, Greater London N3 2DE4
£870K05/210.53 mi44, Westbury Road, London, Greater London N12 7PD4
£1.5M02/210.55 mi72, Lyndhurst Gardens, London, Greater London N3 1TD4
£1.1M09/230.55 mi8, Hillcourt Avenue, London, Greater London N12 8HA4
£1.0M09/220.57 mi22, Claigmar Gardens, London, Greater London N3 2HR4

Local Rents

51 rents from £1.9K/mo to £8.3K/mo, average is £2.8K/mo.

RentDateDistanceAddressBeds 
£2,45007/240.02 miLansdowne Road, Finchley, London, N33
£2,38306/240.05 miFinchley, N3, London3
£3,50008/240.08 miGrosvenor Road, Finchley5
£2,95008/240.09 miGrosvenor Road, London, N33
£2,00005/240.09 miGrosvenor Road, London, N33
£1,95005/240.1 miGrosvenor Court, Grosvenor Road, Finchley, London, N33
£4,50006/240.1 miBrent Way London N34
£2,00003/250.12 mi-3
£2,50007/240.13 miHamilton Way, Finchley, N33
£2,40007/240.13 miHamilton Way, Finchley, N33
£2,40009/240.13 miHamilton Way, Finchley, N33
£2,20005/240.13 mi-3
£2,15007/240.13 miGordon Road, Finchley Central, N33
£8,33303/250.14 mi-10
£2,00005/240.14 miGordon Road, London, N3 1EN3
£3,00005/240.18 miNether Street, Finchley, N34
£3,50007/240.18 miGrosvenor Road, Finchley, N35
£2,80007/240.2 miHowcroft Crescent, West Finchley, London, N33
£2,75007/240.2 miHowcroft Crescent, Finchley3
£2,75007/240.2 miHowcroft Crescent, West Finchley, London, N33
£2,55008/240.2 mi-3
£2,69508/240.2 miHowcroft Crescent, Finchley, N33
£3,45006/240.23 miNether Street, Finchley, N35
£2,40005/240.24 miNether street, Finchley central, London, N3 - GARDEN FLAT3
£3,45008/240.24 miNether Street, Finchley5
£2,65002/240.24 miFursby Avenue, Finchley Central, London, N3 3
£4,00006/240.24 miFursby Avenue London N34
£2,75003/250.24 mi-3
£2,85007/240.24 miDollis Road, London, N34
£2,65007/240.24 miDollis Road, London, N34
£3,79509/240.25 miNether Street, London5
£3,20011/240.25 mi-5
£3,20011/240.25 mi-5
£2,10007/240.26 miThe Grove, London, N33
£2,95008/240.26 miHowcroft Crescent, West Finchley, N3 1PA3
£2,99906/240.26 mi-3
£2,30005/240.28 miCrescent Road, Finchley Central, N33
£2,30005/240.28 miCrescent Road, Finchley, N3 1HP3
£4,80006/240.28 mi-5
£4,80006/240.28 miChesterfield Road, London, N35
£2,20006/240.28 miCrescent Road, Finchley, London, N33
£1,95005/240.29 miCornwall Avenue, Finchley Central, N33
£4,00005/240.31 miWentworth Avenue, Finchley, N35
£2,40001/250.32 mi-3
£2,40001/250.32 mi-3
£2,50005/240.34 miBallards Lane, Finchley, London, N33
£3,80006/240.34 miDollis Park, London N33
£3,80006/240.34 miDollis Park, Finchley3
£2,60006/240.34 miDollis Park, Finchley, London, N33
£3,40005/240.35 miWentworth Close, Finchley4
£3,80006/240.35 miDollis Park, Finchley, London, N33

Local Area Statistics

Population in N3

26,584

Population in London

4,771,921

Town centre distance

6.71 miles away

Nearest school

0.40 miles away

Nearest train station

0.33 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-30%

Sales demand

Buyer's market

Capital growth (5yrs)

+19%

Property History

Listed for £1,250,000

January 13, 2025

Floor Plans

Description

* PROBATE SALE - GRANT AWAITED *

Real Estates are pleased to offer on a CHAIN FREE basis this unique DETACHED family home set on a desirable residential street in the heart of West Finchley, available to purchase for the first time in 70 YEARS.

This FOUR BEDROOM house comes with a 100 FOOT REAR GARDEN, as well as a large garage/workshop and private driveway with off street parking for multiple cars.

The current residence, which is in need of modernisation throughout, provides three reception rooms, two bathrooms, kitchen and entrance hallway, although significant extensions are possible to the side, into the loft and out the back (STPP).

West Finchley & Finchley Central Northern Line Stations are within easy reach, plus the shops, cafes and restaurants of Ballards Lane and the Dollis Valley Greenwalk.

SOLE AGENT

Agent Details

Real Estates, Woodside Park

020 3889 1250

Next Steps?

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