2 Bed Flat, Single Let, London, N9 8PS, £269,995

Nightingale Road, London, N9 8PS - 3 views - 3 months ago

Leasehold

BTL

ROI: 5%

~68 m²

+9 photos

ValuationUndervalued

Sold Prices	£222.5K - £315K
Sold Prices/m²	£3.9K/m² - £6K/m²

Square Metres	~68.11 m²
Price/m²	£4K/m²
Value Estimate	£324,338£324,338
BMV	20%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£67,499£67,499
Stamp Duty & Legal Fees	£10,300£10,300
Total Cash In	£77,798£77,798

Cash Out
Rent Range	£1,500 - £2,200£1,500 - £2,200
Rent Estimate	£1,500
Running Costs/mo	£1,164£1,164
Cashflow/mo	£336£336
Cashflow/yr	£4,035£4,035
ROI	5%5%
Gross Yield	7%7%

Local Sold Prices

31 sold prices from £222.5K to £315K, average is £270K. £3.9K/m² to £6K/m², average is £4.8K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£248K	06/21	0.11 mi	201, St Marys Road, Edmonton, London, Greater London N9 8NR	£3,992	62	2	Flat
£253K	05/21	0.16 mi	35, Martin Close, London, Greater London N9 8UE	£3,953	64	2	Flat
£225K	04/21	0.37 mi	32, Buxton Close, London, Greater London N9 0XL	-	-	2	Flat
£240K	04/21	0.38 mi	30, Pentland Close, London, Greater London N9 0XN	£4,898	49	2	Flat
£240K	04/21	0.38 mi	30, Pentland Close, London, Greater London N9 0XN	£4,898	49	2	Flat
£240K	10/23	0.41 mi	96, Hudson Way, Edmonton, London, Greater London N9 0XG	£4,444	54	2	Flat
£248K	05/21	0.41 mi	114, Hudson Way, London, Greater London N9 0XG	£4,206	59	2	Flat
£240K	10/22	0.41 mi	6, Hennessy Road, London, Greater London N9 0XQ	-	-	2	Flat
£257K	10/22	0.42 mi	14, Hennessy Road, London, Greater London N9 0XQ	-	-	2	Flat
£247.5K	06/21	0.44 mi	21, Hennessy Road, London, Greater London N9 0XA	-	-	2	Flat
£277K	03/21	0.5 mi	70, Sandhurst Road, London, Greater London N9 8BJ	£5,130	54	2	Flat
£277K	05/21	0.5 mi	36, Sandhurst Road, London, Greater London N9 8BJ	£5,653	49	2	Flat
£285K	02/23	0.51 mi	80, Sandhurst Road, London, Greater London N9 8BJ	£5,089	56	2	Flat
£274.5K	06/21	0.51 mi	84, Sandhurst Road, London, Greater London N9 8BJ	-	-	2	Flat
£315K	06/21	0.54 mi	99, Sandhurst Road, London, Greater London N9 8BA	-	-	2	Flat
£280K	10/23	0.54 mi	57, Sandhurst Road, London, Greater London N9 8BA	-	-	2	Flat
£280K	09/21	0.54 mi	49, Sandhurst Road, London, Greater London N9 8BA	£4,667	60	2	Flat
£277K	11/20	0.61 mi	21, Kennedy Avenue, Enfield, Greater London EN3 4PA	£4,946	56	2	Flat
£300K	04/21	0.76 mi	87b, High Street, Enfield, Greater London EN3 4EE	£5,263	57	2	Flat
£226K	01/21	0.82 mi	124, Croyland Road, London, Greater London N9 7BD	£3,965	57	2	Flat
£222.5K	10/20	0.84 mi	119, Croyland Road, London, Greater London N9 7BH	-	-	2	Flat
£278K	10/22	0.87 mi	13, Sawyer Close, London, Greater London N9 9XP	£6,043	46	2	Flat
£262.5K	04/21	0.88 mi	62, Milestone Close, London, Greater London N9 9GA	£4,953	53	2	Flat
£273.5K	07/21	0.89 mi	17, Ruskin Walk, London, Greater London N9 9DT	£3,907	70	2	Flat
£280K	02/23	0.93 mi	89, Church Lane, London, Greater London N9 9QA	£4,000	70	2	Flat
£270K	12/22	0.96 mi	27, Beechwood Mews, London, Greater London N9 9XH	£4,762	57	2	Flat
£250K	09/23	0.97 mi	31, Beechwood Mews, London, Greater London N9 9XH	£4,545	55	2	Flat
£250K	01/21	0.97 mi	15, Beechwood Mews, London, Greater London N9 9XH	£4,604	54	2	Flat
£290K	03/23	0.97 mi	29, Beechwood Mews, London, Greater London N9 9XH	£5,257	55	2	Flat
£275K	03/22	0.98 mi	41, Jeremys Green, London, Greater London N18 2NB	£4,260	65	2	Flat
£303K	09/22	0.98 mi	17, Lichfield Road, London, Greater London N9 9HD	£5,203	58	2	Flat

Local Rents

26 rents from £1.5K/mo to £2.2K/mo, average is £1.8K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,700	05/24	0.03 mi	-	2	Terraced House
£1,749	06/24	0.11 mi	-	2	Flat
£1,749	07/24	0.11 mi	-	2	Flat
£1,749	12/24	0.11 mi	-	2	Flat
£1,550	05/24	0.17 mi	Bunting Close, London, N9	2	Flat
£2,200	01/25	0.2 mi	-	2	Terraced House
£1,790	02/25	0.21 mi	-	2	Flat
£1,800	03/25	0.39 mi	-	2	Terraced House
£1,500	01/25	0.42 mi	-	2	Flat
£1,900	07/24	0.46 mi	Doncaster Roads, Edmonton, N9	2	Terraced House
£1,600	02/24	0.5 mi	-	2	Flat
£1,950	02/24	0.5 mi	-	2	Terraced House
£1,800	07/24	0.5 mi	Sandhurst Road, Edmonton, N9	2	Flat
£1,500	05/24	0.5 mi	Sandhurst Road, London	2	Flat
£1,750	05/24	0.54 mi	-	2	Flat
£1,850	12/24	0.54 mi	-	2	Flat
£1,850	12/24	0.54 mi	-	2	Flat
£1,650	01/25	0.59 mi	-	2	Flat
£1,900	07/24	0.6 mi	-	2	Semi-Detached House
£1,900	06/24	0.6 mi	South Road, London, N9	2	Semi-Detached House
£1,900	07/24	0.6 mi	South Road, London, N9	2	Semi-Detached House
£1,900	07/24	0.6 mi	South Road, London, N9	2	Semi-Detached House
£1,690	01/25	0.61 mi	-	2	Flat
£1,850	05/24	0.61 mi	-	2	Flat
£1,850	06/24	0.61 mi	-	2	Flat
£1,950	07/24	0.61 mi	Town Road London N9	2	Terraced House

Local Area Statistics

Population in N9	51,42251,422
Population in London	4,771,9214,771,921
Town centre distance	7.66 miles away7.66 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	0.85 miles away0.85 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+26%+26%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+12%+12%

Property History

Listed for £269,995

January 14, 2025

Floor Plans

Description

2 bed flat +
Ground Floor +
Long Lease +
LOW SERVICE CHARGE +

IC Property is delighted to present this exceptionally well-maintained two-bedroom ground-floor apartment situated in the heart of Edmonton, N9. This spacious property features a bright living area, a fully fitted kitchen, a modern family bathroom, and two generously sized double bedrooms.

Additional highlights include double-glazed windows, gas central heating, and ample storage space. The property is conveniently located within walking distance of Edmonton Green Overground Station, providing excellent transport links.

Currently rented under a guaranteed rent scheme, this property also benefits from a brand-new lease, making it an ideal investment or residential opportunity.

Council Tax Band: C
Tenure: Leasehold (180 years)
Ground Rent: £10 per year
Service Charge: £1,225 per year

Agent Details

IC Property, Edmonton

020 3909 8898

Next Steps?

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

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