2 Bed Flat, Single Let, London, N9 7DE, £254,995

Hertford Road, London, N9 7DE - 3 views - 3 months ago

BTL

ROI: 7%

~68 m²

+10 photos

ValuationUndervalued

Sold Prices	£222.5K - £340K
Sold Prices/m²	£3.3K/m² - £6K/m²

Square Metres	~68.11 m²
Price/m²	£3.7K/m²
Value Estimate	£308,544£308,544
BMV	21%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£63,749£63,749
Stamp Duty & Legal Fees	£9,100£9,100
Total Cash In	£72,848£72,848

Cash Out
Rent Range	£1,500 - £2,200£1,500 - £2,200
Rent Estimate	£1,538
Running Costs/mo	£1,124£1,124
Cashflow/mo	£414£414
Cashflow/yr	£4,962£4,962
ROI	7%7%
Gross Yield	7%7%

Local Sold Prices

36 sold prices from £222.5K to £340K, average is £271.8K. £3.3K/m² to £6K/m², average is £4.8K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£315K	06/21	0.27 mi	99, Sandhurst Road, London, Greater London N9 8BA	-	-	2	Flat
£280K	10/23	0.27 mi	57, Sandhurst Road, London, Greater London N9 8BA	-	-	2	Flat
£277K	03/21	0.27 mi	70, Sandhurst Road, London, Greater London N9 8BJ	£5,130	54	2	Flat
£277K	05/21	0.27 mi	36, Sandhurst Road, London, Greater London N9 8BJ	£5,653	49	2	Flat
£280K	09/21	0.27 mi	49, Sandhurst Road, London, Greater London N9 8BA	£4,667	60	2	Flat
£285K	02/23	0.27 mi	80, Sandhurst Road, London, Greater London N9 8BJ	£5,089	56	2	Flat
£274.5K	06/21	0.27 mi	84, Sandhurst Road, London, Greater London N9 8BJ	-	-	2	Flat
£277K	11/20	0.35 mi	21, Kennedy Avenue, Enfield, Greater London EN3 4PA	£4,946	56	2	Flat
£300K	04/21	0.43 mi	87b, High Street, Enfield, Greater London EN3 4EE	£5,263	57	2	Flat
£248K	06/21	0.43 mi	201, St Marys Road, Edmonton, London, Greater London N9 8NR	£3,992	62	2	Flat
£253K	05/21	0.61 mi	35, Martin Close, London, Greater London N9 8UE	£3,953	64	2	Flat
£260K	06/21	0.63 mi	Flat 7, Constable House, Ayley Croft, Enfield, Greater London EN1 1XX	-	-	2	Flat
£222.5K	10/20	0.66 mi	119, Croyland Road, London, Greater London N9 7BH	-	-	2	Flat
£226K	01/21	0.72 mi	124, Croyland Road, London, Greater London N9 7BD	£3,965	57	2	Flat
£240K	04/21	0.77 mi	30, Pentland Close, London, Greater London N9 0XN	£4,898	49	2	Flat
£240K	04/21	0.77 mi	30, Pentland Close, London, Greater London N9 0XN	£4,898	49	2	Flat
£225K	04/21	0.77 mi	32, Buxton Close, London, Greater London N9 0XL	-	-	2	Flat
£240K	10/22	0.78 mi	6, Hennessy Road, London, Greater London N9 0XQ	-	-	2	Flat
£257K	10/22	0.79 mi	14, Hennessy Road, London, Greater London N9 0XQ	-	-	2	Flat
£247.5K	06/21	0.81 mi	21, Hennessy Road, London, Greater London N9 0XA	-	-	2	Flat
£280K	02/23	0.82 mi	89, Church Lane, London, Greater London N9 9QA	£4,000	70	2	Flat
£240K	10/23	0.83 mi	96, Hudson Way, Edmonton, London, Greater London N9 0XG	£4,444	54	2	Flat
£248K	05/21	0.83 mi	114, Hudson Way, London, Greater London N9 0XG	£4,206	59	2	Flat
£262.5K	04/21	0.83 mi	62, Milestone Close, London, Greater London N9 9GA	£4,953	53	2	Flat
£325K	10/20	0.84 mi	Flat 13, Chapel Court, St Marks Road, Enfield, Greater London EN1 1DT	-	-	2	Flat
£250K	06/21	0.86 mi	44, Roman Way, Enfield, Greater London EN1 1EQ	£3,333	75	2	Flat
£273.5K	07/21	0.86 mi	17, Ruskin Walk, London, Greater London N9 9DT	£3,907	70	2	Flat
£300K	02/21	0.86 mi	First Floor Maisonette, 281, Great Cambridge Road, Enfield, Greater London EN1 1SQ	-	-	2	Flat
£340K	08/21	0.87 mi	35b, St Marks Road, Enfield, Greater London EN1 1BG	-	-	2	Flat
£332.5K	11/21	0.87 mi	Flat 13, Chapel Court, St Marks Road, Enfield, Greater London EN1 1DT	-	-	2	Flat
£278K	10/22	0.9 mi	13, Sawyer Close, London, Greater London N9 9XP	£6,043	46	2	Flat
£303K	09/22	0.94 mi	17, Lichfield Road, London, Greater London N9 9HD	£5,203	58	2	Flat
£270K	12/22	0.95 mi	27, Beechwood Mews, London, Greater London N9 9XH	£4,762	57	2	Flat
£250K	09/23	0.95 mi	31, Beechwood Mews, London, Greater London N9 9XH	£4,545	55	2	Flat
£250K	01/21	0.95 mi	15, Beechwood Mews, London, Greater London N9 9XH	£4,604	54	2	Flat
£290K	03/23	0.95 mi	29, Beechwood Mews, London, Greater London N9 9XH	£5,257	55	2	Flat

Local Rents

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

Rent	Date	Distance	Address	Beds	Type
£1,950	02/24	0.15 mi	-	2	Terraced House
£2,100	03/25	0.19 mi	-	2	Terraced House
£1,800	05/24	0.2 mi	Oaklands Avenue, N9	2	Terraced House
£1,900	07/24	0.25 mi	Doncaster Roads, Edmonton, N9	2	Terraced House
£1,500	05/24	0.27 mi	Sandhurst Road, London	2	Flat
£1,800	07/24	0.27 mi	Sandhurst Road, Edmonton, N9	2	Flat
£1,750	05/24	0.28 mi	-	2	Flat
£1,600	02/24	0.3 mi	-	2	Flat
£1,600	05/24	0.37 mi	Woodstock Crescent, Enfield - You Wouldn't want to miss out on this !!	2	Flat
£1,800	04/24	0.4 mi	Clarence Road, Enfield, EN3	2	Flat
£2,200	01/25	0.43 mi	-	2	Terraced House
£1,749	06/24	0.48 mi	-	2	Flat
£1,749	07/24	0.48 mi	-	2	Flat
£1,749	12/24	0.48 mi	-	2	Flat
£1,700	05/24	0.49 mi	-	2	Terraced House
£1,900	07/24	0.5 mi	-	2	Semi-Detached House
£1,900	06/24	0.5 mi	South Road, London, N9	2	Semi-Detached House
£1,900	07/24	0.5 mi	South Road, London, N9	2	Semi-Detached House
£1,900	07/24	0.5 mi	South Road, London, N9	2	Semi-Detached House
£1,800	12/24	0.51 mi	-	2	Flat
£1,600	03/24	0.52 mi	Derby Road, London, EN3	2	Flat
£1,850	02/25	0.54 mi	-	2	Terraced House
£1,690	01/25	0.55 mi	-	2	Flat
£1,850	05/24	0.55 mi	-	2	Flat
£1,850	06/24	0.55 mi	-	2	Flat
£1,795	05/24	0.56 mi	-	2	Flat
£1,795	03/25	0.57 mi	-	2	Flat
£1,795	05/24	0.57 mi	-	2	Flat
£1,875	03/24	0.6 mi	-	2	Flat
£1,850	07/24	0.6 mi	-	2	Flat

Local Area Statistics

Population in N9	51,42251,422
Population in London	4,771,9214,771,921
Town centre distance	7.89 miles away7.89 miles away
Nearest school	0.30 miles away0.30 miles away
Nearest train station	0.79 miles away0.79 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 £254,995

January 14, 2025

Floor Plans

Description

100+ Lease Remaining +
2 bed flat +
Share Of Freehold +
Spacious Property +

IC Property are proud to offer to the market this two bedroom split-level flat, conveniently located within close proximity of Edmonton Green Shopping Centre and Edmonton Green Train Station. The property benefits from two double bedrooms, large reception room, spacious kitchen, first floor bathroom, gas central heating and double glazed windows. The property boasts ample living space, making it an ideal investment.

Council Tax Band: C (Enfield Council )
Tenure: Share of Freehold (960 years)
Ground Rent: £0 per year
Service Charge: £185 per month
Part of service charge is put into a sinking fund.

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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