3 Bed Semi-Detached House, Refurb/BRRR, London, N3 2TR, £750,000

Tangle Tree Close, Finchley, N3 2TR - 5 views - 3 months ago

Sold STC
Refurb/BRRR
~93 m²
+19 photos

ValuationOvervalued

Sold Prices£460K - £1.8M
Sold Prices/m²£5.3K/m² - £15.2K/m²

 

 

Square Metres

~93 m²
Price/m²£8.1K/m²

Value Estimate

£706,424

 

 

End Value (After Refurb)

£723,750

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£187,500

Stamp Duty & Legal Fees

£52,700

Refurb Costs

£49,200

Bridging Loan Interest

£19,688

Total Cash In

£310,838

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£723,750

Mortgage (After Refinance)

£542,813

Mortgage LTV

75%

Cash Left In

£310,838

Equity

£180,938

Rent Range

£1,625 - £5,399

Rent Estimate

£2,529

Running Costs/mo

£2,788

Cashflow/mo

£-259

Cashflow/yr

£-3,102

Gross Yield

4%

Local Sold Prices

50 sold prices from £460K to £1.8M, average is £780K. £5.3K/m² to £15.2K/m², average is £8K/m².

PriceDateDistanceAddressBeds 
£736.5K06/210.09 mi28, Tangle Tree Close, London, Greater London N3 2TR3
£1.1M08/230.09 mi20, Briarfield Avenue, London, Greater London N3 2LH3
£850K01/230.14 mi27, Briarfield Avenue, London, Greater London N3 2LG3
£825K11/220.17 mi27, Rosemary Avenue, London, Greater London N3 2QP3
£765K02/230.2 mi56, Rosemary Avenue, London, Greater London N3 2QN3
£707K11/200.2 mi36, Rosemary Avenue, London, Greater London N3 2QN3
£687.5K12/230.23 mi62, Hamilton Road, London, Greater London N2 0SW3
£780K08/230.23 mi70, Hamilton Road, London, Greater London N2 0SW3
£650K02/210.23 mi84, Rosemary Avenue, London, Greater London N3 2QN3
£727.5K09/210.24 mi86, Hamilton Road, London, Greater London N2 0SW3
£610K12/200.24 mi20, Hamilton Road, London, Greater London N2 0SW3
£775K01/210.24 mi42, Hamilton Road, London, Greater London N2 0SW3
£790K06/210.24 mi54, Hamilton Road, London, Greater London N2 0SW3
£685K04/210.25 mi23, Brackenbury Road, London, Greater London N2 0SS3
£817.5K03/240.25 mi67, Brackenbury Road, London, Greater London N2 0SS3
£770K12/230.25 mi41, Brackenbury Road, London, Greater London N2 0SS3
£727.5K06/210.27 mi40, Brackenbury Road, London, Greater London N2 0ST3
£625K06/210.27 mi6, Brackenbury Road, London, Greater London N2 0ST3
£662.5K02/240.27 mi36, Brackenbury Road, London, Greater London N2 0ST3
£586.3K02/240.28 mi326, Long Lane, London, Greater London N2 8JP3
£1.0M11/220.29 mi120, Lichfield Grove, London, Greater London N3 2JN3
£745K09/210.32 mi380, Long Lane, London, Greater London N2 8JX3
£812K11/220.32 mi327, Long Lane, London, Greater London N2 8JW3
£865K03/210.33 mi305, Long Lane, London, Greater London N2 8JW3
£685K06/210.33 mi20, Brendon Grove, London, Greater London N2 8JZ3
£557K06/230.33 mi14, The Mead, London, Greater London N2 8LD3
£645K11/220.33 mi44, Sedgemere Avenue, London, Greater London N2 0SX3
£982K11/220.33 mi94, Lichfield Grove, London, Greater London N3 2JN3
£1.0M09/230.34 mi29, Ludlow Way, London, Greater London N2 0JZ3
£875K01/210.34 mi31, Ludlow Way, London, Greater London N2 0JZ3
£460K09/220.34 mi221, Long Lane, London, Greater London N3 2RL3
£650K04/230.35 mi144, Squires Lane, London, Greater London N3 2QT3
£780K04/230.35 mi71, Manor Park Road, London, Greater London N2 0SN3
£900K06/210.37 mi11, Elm Gardens, London, Greater London N2 0TF3
£1.0M03/240.37 mi22, Ludlow Way, London, Greater London N2 0LA3
£1.4M06/210.37 mi96, Ossulton Way, London, Greater London N2 0LB3
£955K06/210.38 mi3, Holmwood Gardens, London, Greater London N3 3NS3
£1000K03/210.39 mi43, Brookland Rise, London, Greater London NW11 6DT3
£830K03/210.39 mi73, Brookland Rise, London, Greater London NW11 6DT3
£965K08/230.39 mi31, Brookland Rise, London, Greater London NW11 6DT3
£1.5M07/220.39 mi49, Brookland Rise, London, Greater London NW11 6DT3
£1.8M09/230.4 mi28, Hill Top, London, Greater London NW11 6EE3
£750K11/200.4 mi12, Manor Park Road, London, Greater London N2 0SL3
£1.3M06/210.41 mi21, Hill Top, London, Greater London NW11 6ED3
£615K02/210.41 mi1, Cromwell Road, Finchley, London, Greater London N3 2ET3
£681.5K11/200.41 mi6, Cromwell Road, Finchley, London, Greater London N3 2ET3
£1.2M12/200.42 mi9, Hill Top, London, Greater London NW11 6EG3
£1.0M01/240.42 mi4, Maya Road, London, Greater London N2 0PP3
£615K10/220.42 mi17, Montpelier Road, London, Greater London N3 2ER3
£825K01/210.43 mi19, Trinity Road, London, Greater London N2 8JJ3

Local Rents

50 rents from £1.6K/mo to £5.4K/mo, average is £2.4K/mo.

RentDateDistanceAddressBeds 
£2,75007/240.17 miRosemary Avenue, Finchley, N33
£1,62512/240.2 mi-3
£3,00005/240.23 miMoat Crescent, Finchley3
£2,50005/240.23 miManor View, Finchley, N33
£3,00002/240.23 mi-3
£2,20006/240.24 miManor Cottages Approach, East Finchley3
£2,30007/240.24 miManor View, Finchley3
£2,25005/240.26 miEast End Road, East Finchley, London, N23
£2,50005/240.29 mi-3
£2,30004/250.29 mi-3
£2,45005/240.3 miSedgemere Avenue, East Finchley, N23
£2,45006/240.3 miSedgemere Avenue, N63
£2,45007/240.3 mi-3
£2,35005/240.31 miLong Lane, East Finchley, London, N23
£2,10005/240.31 miSquires Lane, Finchley3
£2,10002/240.32 miLong Lane, East Finchley, London3
£2,50005/240.33 miStation Road, Finchley Central, London, N33
£2,75006/240.33 miNursery Avenue, Finchley, N33
£4,22505/240.34 miAshridge Close, Finchley N33
£2,55006/240.35 miManor Park Road, London, N23
£3,00001/250.39 mi-3
£2,10006/240.39 miAbingdon Road, Finchley3
£2,00006/240.39 miAbingdon Road, Finchley3
£2,30006/240.39 miLong Lane, Finchley3
£2,79905/240.39 miKingsgate Avenue, Finchley Central N33
£2,90004/250.4 mi-3
£2,10012/240.4 mi-3
£2,40004/250.4 mi-3
£2,20005/240.42 miManor Park Road, East Finchley, N23
£2,40005/240.43 miStation Road, Finchley, N33
£4,00006/240.43 miBrookland Garth, Hampstead Garden Suburb, London, NW113
£2,74502/250.47 mi-3
£2,00007/240.47 miLichfield Grove, Finchley3
£2,15012/240.48 mi-3
£2,30002/240.49 miStation Road, Finchley, London, N33
£2,20006/240.5 mi-3
£2,60004/250.52 mi-3
£2,55007/240.52 mi-3
£2,35005/240.52 miLeslie Road, East Finchley3
£2,10006/240.53 miBeaufort Park, Hampstead Garden Suburb, London, NW113
£2,60012/240.53 mi-3
£2,27506/240.54 miBrookland Rise, London, NW113
£2,27506/240.54 miFalloden Court, Brookland Rise, NW113
£2,27506/240.54 miFalloden Court, NW113
£2,25006/240.54 miFalloden Way, London3
£2,27506/240.54 miBrookland Rise, Hampstead Garden Suburb, NW113
£2,40106/240.54 miBrookland Rise, Hampstead Garden Suburb, NW113
£5,39907/240.54 miBrim Hill, Hampstead Garden Suburb, N23
£2,40006/240.54 miHampstead Garden Suburb - 3 bedroom flat3
£2,27506/240.54 miBrookland Rise, Hampstead Garden Suburb3

Local Area Statistics

Population in N3

26,584

Population in London

4,771,921

Town centre distance

5.66 miles away

Nearest school

0.20 miles away

Nearest train station

0.60 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-30%

Sales demand

Buyer's market

Capital growth (5yrs)

+19%

Property History

Price changed to £750,000

January 31, 2025

Listed for £800,000

January 15, 2025

Floor Plans

Description

  • Entrance Hall +
  • Guest Cloakroom +
  • Lounge +
  • Dining Room +
  • Kitchen +
  • Three Bedrooms +
  • Bathroom +
  • Separate W.C. +
  • Gardens +
  • Garage at Rear via Service Road +

Property Description

OPEN DAY SATURDAY 25TH JAN 12-1PM. In need of modernisation is this semi-detached home. The property is located in this dead end road, is within 0.7 of a mile to Finchley Central tube and in the catchment for good local schools.

Agent Details

Chancellors, Finchley

020 3871 3815

Next Steps?

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