2 Bed Flat, Single Let, London, N3 2AX, £339,950

Connections House, Glebe Road, Finchley, N3 2AX - 4 views - 3 months ago

Leasehold

BTL

ROI: 2%

~68 m²

+5 photos

ValuationUndervalued

Sold Prices	£237.4K - £650K
Sold Prices/m²	£3.3K/m² - £9.5K/m²

Square Metres	~68.11 m²
Price/m²	£5K/m²
Value Estimate	£421,538£421,538
BMV	24%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£84,988£84,988
Stamp Duty & Legal Fees	£15,896£15,896
Total Cash In	£100,884£100,884

Cash Out
Rent Range	£1,580 - £3,000£1,580 - £3,000
Rent Estimate	£1,580
Running Costs/mo	£1,398£1,398
Cashflow/mo	£182£182
Cashflow/yr	£2,180£2,180
ROI	2%2%
Gross Yield	6%6%

Local Sold Prices

50 sold prices from £237.4K to £650K, average is £382.5K. £3.3K/m² to £9.5K/m², average is £6.7K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£416.5K	02/23	0.08 mi	Ground Floor Flat, 17, Squires Lane, London, Greater London N3 2AN	£9,256	45	2	Flat
£318K	04/21	0.1 mi	Flat 7, North Gates, High Road, London, Greater London N12 0AR	-	-	2	Flat
£321K	04/23	0.13 mi	71, Glebelands Close, London, Greater London N12 0AH	£5,441	59	2	Flat
£380K	05/21	0.13 mi	114, Glebelands Close, London, Greater London N12 0AN	£5,672	67	2	Flat
£300K	03/23	0.13 mi	102, Glebelands Close, London, Greater London N12 0AN	£4,545	66	2	Flat
£350K	03/23	0.13 mi	128, Glebelands Close, London, Greater London N12 0AN	£5,303	66	2	Flat
£330K	06/21	0.14 mi	158, Old Farm Road, London, Greater London N2 9RQ	£4,177	79	2	Flat
£265K	10/22	0.14 mi	142, Old Farm Road, London, Greater London N2 9RQ	£3,272	81	2	Flat
£360K	06/21	0.15 mi	111, Glebelands Close, London, Greater London N12 0AN	£5,538	65	2	Flat
£535K	05/23	0.26 mi	22, Woodlands Avenue, London, Greater London N3 2NR	£9,386	57	2	Flat
£440K	03/21	0.28 mi	7a, Woodlands Avenue, London, Greater London N3 2NS	-	-	2	Flat
£489K	12/20	0.28 mi	11, Woodlands Avenue, London, Greater London N3 2NS	-	-	2	Flat
£385K	01/23	0.29 mi	165, Squires Lane, London, Greater London N3 2AA	-	-	2	Flat
£360K	04/21	0.31 mi	61, Bow Lane, London, Greater London N12 0JL	-	-	2	Flat
£355K	06/21	0.31 mi	8, Simms Gardens, London, Greater London N2 8HT	£5,547	64	2	Flat
£332.5K	03/23	0.32 mi	21, Simms Gardens, London, Greater London N2 8HT	£6,638	50	2	Flat
£330K	03/21	0.32 mi	7, Simms Gardens, London, Greater London N2 8HT	£6,226	53	2	Flat
£335K	03/21	0.33 mi	23, Simms Gardens, London, Greater London N2 8HT	£8,816	38	2	Flat
£308K	08/23	0.35 mi	170d, Long Lane, London, Greater London N3 2RA	-	-	2	Flat
£390K	05/21	0.37 mi	55, Long Lane, London, Greater London N3 2HY	£5,065	77	2	Flat
£515K	06/21	0.37 mi	95a, Long Lane, London, Greater London N3 2HY	£6,719	77	2	Flat
£380K	05/23	0.37 mi	83a, Long Lane, London, Greater London N3 2HY	-	-	2	Flat
£283K	10/20	0.42 mi	Flat 21, Mowbray House, The Grange, London, Greater London N2 8LU	-	-	2	Flat
£440K	11/20	0.44 mi	190a, Squires Lane, London, Greater London N3 2QT	£6,769	65	2	Flat
£470K	11/20	0.44 mi	196, Squires Lane, London, Greater London N3 2QT	£7,705	61	2	Flat
£435K	06/21	0.45 mi	335a, Long Lane, London, Greater London N2 8JW	-	-	2	Flat
£490K	06/21	0.47 mi	Flat A, 3, Etchingham Park Road, London, Greater London N3 2DU	£7,758	63	2	Flat
£485K	10/23	0.47 mi	27b, Granville Road, London, Greater London N12 0HP	£7,647	63	2	Flat
£425K	07/23	0.47 mi	Flat 11, Netherwood, High Road, London, Greater London N2 8HH	-	-	2	Flat
£472K	12/22	0.48 mi	Flat 21, Etchingham Court, Etchingham Park Road, London, Greater London N3 2EA	-	-	2	Flat
£327.5K	06/21	0.48 mi	597a, High Road, London, Greater London N12 0DY	£5,712	57	2	Flat
£331K	11/23	0.52 mi	Flat 6, Garden Lodge Court, Church Lane, London, Greater London N2 8DU	-	-	2	Flat
£500K	03/21	0.52 mi	389, Long Lane, London, Greater London N2 8JN	£9,535	52	2	Flat
£575K	12/22	0.53 mi	10, Rosemary Avenue, London, Greater London N3 2QN	£9,274	62	2	Flat
£273.8K	03/21	0.56 mi	Flat 5, Spencer Court, Granville Road, London, Greater London N12 0HN	-	-	2	Flat
£345K	06/23	0.57 mi	52, Manor Park Road, London, Greater London N2 0SJ	-	-	2	Flat
£522K	05/21	0.57 mi	70a, Manor Park Road, London, Greater London N2 0SJ	£7,324	71	2	Flat
£500K	11/22	0.57 mi	2, Woodberry Gardens, London, Greater London N12 0HD	£8,197	61	2	Flat
£347K	10/20	0.6 mi	214c, Ballards Lane, London, Greater London N3 2LX	£5,422	64	2	Flat
£650K	10/22	0.62 mi	25a, Sedgemere Avenue, London, Greater London N2 0SY	£8,228	79	2	Flat
£454K	10/22	0.62 mi	Flat 33, Finchley Court, Ballards Lane, Finchley, London, Greater London N3 1NH	-	-	2	Flat
£237.4K	01/23	0.62 mi	Flat 5, The Fountains, Ballards Lane, Finchley, London, Greater London N3 1NL	-	-	2	Flat
£445K	03/21	0.63 mi	3, Hobbs Green, London, Greater London N2 0TG	£8,558	52	2	Flat
£465K	09/23	0.63 mi	3, Hobbs Green, London, Greater London N2 0TG	£8,942	52	2	Flat
£580K	03/21	0.63 mi	66, Princes Avenue, London, Greater London N3 2DB	-	-	2	Flat
£550K	12/22	0.63 mi	62b, Princes Avenue, London, Greater London N3 2DB	-	-	2	Flat
£320K	12/20	0.63 mi	Flat 16, Colman Court, Christchurch Avenue, London, Greater London N12 0DT	-	-	2	Flat
£350K	11/23	0.63 mi	Flat 9, Colman Court, Christchurch Avenue, London, Greater London N12 0DT	-	-	2	Flat
£368.1K	11/21	0.63 mi	261b, Ballards Lane, London, Greater London N3 1NG	£6,347	58	2	Flat
£565K	09/21	0.63 mi	34, Redbourne Avenue, London, Greater London N3 2BS	£5,090	111	2	Flat

Local Rents

49 rents from £1.6K/mo to £3K/mo, average is £1.9K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,800	05/24	0 mi	Connections House, Glebe Road, London	2	Flat
£1,900	02/25	0 mi	-	2	Flat
£1,800	05/24	0.05 mi	Connections House, Glebe Road, Finchley, London, N3	2	Flat
£2,050	06/24	0.06 mi	High Road, London, N2	2	Flat
£1,850	07/24	0.07 mi	Glebe Road, Finchley	2	Flat
£2,050	12/24	0.12 mi	-	2	Flat
£2,100	03/25	0.12 mi	-	2	Flat
£2,050	05/24	0.13 mi	Glebelands Close, North Finchley, London, N12	2	Flat
£2,200	05/24	0.13 mi	-	2	Flat
£2,150	03/25	0.13 mi	-	2	Flat
£2,100	03/25	0.13 mi	-	2	Flat
£1,700	02/24	0.15 mi	-	2	Flat
£2,100	12/24	0.15 mi	Lankaster Gardens, East Finchley, N2	2	Flat
£1,700	06/24	0.17 mi	High Road, North Finchley, N12	2	Flat
£2,050	06/24	0.17 mi	-	2	Flat
£2,050	06/24	0.17 mi	High Road, London, N2	2	Flat
£1,650	05/24	0.2 mi	Squires Court, Abingdon Road, London, N3	2	Flat
£2,000	08/24	0.2 mi	Queens Avenue, Finchley, N3	2	Flat
£1,900	06/24	0.22 mi	-	2	Flat
£1,900	06/24	0.22 mi	High Road, London, N2	2	Flat
£2,000	08/24	0.24 mi	Queens Avenue, London	2	Flat
£2,000	07/24	0.24 mi	Queens Avenue, Finchley, London, N3	2	Flat
£1,800	02/24	0.26 mi	Squires Lane, Finchley, London, N3	2	Flat
£2,000	05/24	0.27 mi	Squires Lane, London, N3	2	Flat
£1,900	12/24	0.27 mi	Granville Place, Finchley, London, N12	2	Flat
£1,600	05/24	0.29 mi	Granville Place, High Road, North Finchley, London, N12	2	Flat
£1,700	06/24	0.29 mi	High Road, North Finchley, N12	2	Flat
£1,900	06/24	0.29 mi	High Road	2	Flat
£1,775	12/24	0.3 mi	-	2	Flat
£1,800	05/24	0.31 mi	Simms Gardens, East Finchley, N2	2	Flat
£1,650	06/24	0.32 mi	Long Lane, Finchley	2	Flat
£1,600	06/24	0.32 mi	Long Lane, Finchley	2	Flat
£1,600	05/24	0.34 mi	Blackdown Close, East Finchley, N2	2	Flat
£1,820	06/24	0.34 mi	Crathorne House, London, N2	2	Flat
£1,820	06/24	0.34 mi	-	2	Flat
£1,625	02/25	0.35 mi	-	2	Flat
£3,000	09/24	0.35 mi	Squires Lane, Finchley, London, N3	2	Flat
£1,750	07/24	0.35 mi	Blackdown Close, East Finchley	2	Flat
£1,650	06/24	0.35 mi	-	2	Flat
£1,850	02/24	0.36 mi	-	2	Flat
£1,850	06/24	0.36 mi	Lucas Gardens, East Finchley, London, N2	2	Flat
£1,650	02/25	0.37 mi	-	2	Flat
£1,750	02/25	0.38 mi	-	2	Flat
£1,995	01/25	0.38 mi	-	2	Flat
£2,200	07/24	0.41 mi	Manor Cottages Approach, London	2	Terraced House
£1,650	08/24	0.41 mi	Squires Lane, London, N3	2	Flat
£1,580	09/24	0.41 mi	-	2	Flat
£1,580	10/24	0.41 mi	-	2	Flat
£1,750	12/24	0.42 mi	-	2	Flat

Local Area Statistics

Population in N3	26,58426,584
Population in London	4,771,9214,771,921
Town centre distance	5.87 miles away5.87 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	0.78 miles away0.78 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

Listed for £339,950

January 14, 2025

Floor Plans

Description

2 Bed / Bath Apartment +
Newly Renovated +
Balcony +
Allocated Parking +
Close to Finchley Lido +
Chain Free +

A stylish two bedroom top floor (2nd) purpose built apartment ideally located for Finchley Lido Leisure Centre, North Finchley shopping facilities and the A406.

The internal accommodation comprises stylish fitted kitchen with integrated appliances, large open plan living area leading onto balcony, two bedrooms with the master having en-suite bathroom, and family bathroom. Outside is a secure allocated parking space.

An internal viewing is strongly advised.

Allocated Parking - There is a secure allocated parking space to the rear of the property

Agents Note - The vendor has informed Finchleys that the property is leasehold with approximately 150 year lease.

Annual Service charge - £1200.00
Annual Ground Rent - £200.00

Agent Details

Finchleys, Finchley

020 3909 7047

Next Steps?

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

Similar Properties

Like this property? Maybe you'll like these ones close by too.

Sold STC

2 Bed House, Single Let, London, N2 9AB

£450,000

5 views • 5 months ago • 56 m²

3 Bed House, Single Let, London, N3 2BA

£640,000

1 views • 3 months ago • 93 m²

2 Bed Flat, Single Let, London, N12 0AR

£325,000

3 views • 3 months ago • 68 m²

Under Offer

2 Bed House, Single Let, London, N2 9AJ

£375,000

1 views • 5 months ago • 67 m²