2 Bed Flat, Single Let, Potters Bar, EN6 2HN, £340,000

Wyllyotts Close, Potters Bar, EN6 2HN - 3 months ago

Leasehold

BTL

ROI: 2%

~68 m²

+5 photos

ValuationFair Value

Sold Prices	£200K - £590K
Sold Prices/m²	£3.5K/m² - £8K/m²

Square Metres	~68.11 m²
Price/m²	£5K/m²
Value Estimate	£338,880£338,880

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£85,000£85,000
Stamp Duty & Legal Fees	£16,700£16,700
Total Cash In	£101,700£101,700

Cash Out
Rent Range	£1,395 - £2,950£1,395 - £2,950
Rent Estimate	£1,606
Running Costs/mo	£1,404£1,404
Cashflow/mo	£202£202
Cashflow/yr	£2,428£2,428
ROI	2%2%
Gross Yield	6%6%

Local Sold Prices

34 sold prices from £200K to £590K, average is £332.5K. £3.5K/m² to £8K/m², average is £5.2K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£348K	04/21	0.09 mi	10, Weston Close, Potters Bar, Hertfordshire EN6 2BQ	-	-	2	Flat
£255K	01/23	0.15 mi	Flat 24, Seabrook Court, Station Close, Potters Bar, Hertfordshire EN6 1TG	-	-	2	Flat
£225K	09/22	0.15 mi	Flat 26, Seabrook Court, Station Close, Potters Bar, Hertfordshire EN6 1TG	-	-	2	Flat
£300K	01/21	0.15 mi	Flat 32, Seabrook Court, Station Close, Potters Bar, Hertfordshire EN6 1TG	-	-	2	Flat
£300K	06/21	0.15 mi	Flat 18, Seabrook Court, Station Close, Potters Bar, Hertfordshire EN6 1TG	-	-	2	Flat
£302K	10/22	0.15 mi	19, Baker Street, Potters Bar, Hertfordshire EN6 2DZ	£5,922	51	2	Flat
£590K	09/21	0.17 mi	171, Mutton Lane, Potters Bar, Hertfordshire EN6 2AN	-	-	2	Flat
£370K	01/21	0.18 mi	40, Aberdale Gardens, Potters Bar, Hertfordshire EN6 2JN	£6,167	60	2	Flat
£380K	03/21	0.18 mi	62, Aberdale Gardens, Potters Bar, Hertfordshire EN6 2JN	£6,134	62	2	Flat
£385K	01/23	0.18 mi	74, Aberdale Gardens, Potters Bar, Hertfordshire EN6 2JN	-	-	2	Flat
£410.3K	12/22	0.18 mi	70a, Strafford Gate, Potters Bar, Hertfordshire EN6 1PL	£6,312	65	2	Flat
£369K	06/21	0.34 mi	16, Dugdale Hill Lane, Potters Bar, Hertfordshire EN6 2DW	£8,022	46	2	Flat
£299.9K	04/23	0.43 mi	49, Bornedene, Potters Bar, Hertfordshire EN6 3EL	-	-	2	Flat
£370.5K	04/21	0.43 mi	117, Dugdale Hill Lane, Potters Bar, Hertfordshire EN6 2DS	£3,463	107	2	Flat
£275K	04/21	0.45 mi	75, Bornedene, Potters Bar, Hertfordshire EN6 3EN	£4,661	59	2	Flat
£278.5K	12/20	0.48 mi	38, Cranborne Close, Potters Bar, Hertfordshire EN6 3AU	£3,868	72	2	Flat
£455K	09/21	0.48 mi	Flat 15, The Briers, The Walk, Potters Bar, Hertfordshire EN6 1QE	-	-	2	Flat
£450K	05/21	0.48 mi	Flat 11, The Briers, The Walk, Potters Bar, Hertfordshire EN6 1QE	-	-	2	Flat
£347.5K	02/21	0.6 mi	1, Rosary Court, Potters Bar, Hertfordshire EN6 1HA	-	-	2	Flat
£372.5K	03/21	0.6 mi	5, Rosary Court, Potters Bar, Hertfordshire EN6 1HA	£6,535	57	2	Flat
£368K	11/22	0.6 mi	2, Rosary Court, Potters Bar, Hertfordshire EN6 1HA	£6,394	58	2	Flat
£340K	06/21	0.75 mi	73, Church Road, Potters Bar, Hertfordshire EN6 1EY	£5,409	63	2	Flat
£295K	09/21	0.79 mi	2, Heathfield Close, Potters Bar, Hertfordshire EN6 1SW	£4,470	66	2	Flat
£355K	02/21	0.81 mi	21, Sandringham Road, Potters Bar, Hertfordshire EN6 1EX	£5,000	71	2	Flat
£328K	03/21	0.81 mi	39, Heathfield Close, Potters Bar, Hertfordshire EN6 1SP	£4,896	67	2	Flat
£235K	03/21	0.84 mi	Flat 35, Hertford Mews, Billy Lows Lane, Potters Bar, Hertfordshire EN6 1XW	-	-	2	Flat
£200K	03/23	0.84 mi	Flat 21, Hertford Mews, Billy Lows Lane, Potters Bar, Hertfordshire EN6 1XW	-	-	2	Flat
£215K	07/23	0.84 mi	Flat 3, Hertford Mews, Billy Lows Lane, Potters Bar, Hertfordshire EN6 1XW	-	-	2	Flat
£302K	02/21	0.84 mi	7, The Highlands, Potters Bar, Hertfordshire EN6 1HU	£4,951	61	2	Flat
£262K	04/21	0.85 mi	23, The Highlands, Potters Bar, Hertfordshire EN6 1HU	£4,441	59	2	Flat
£335K	01/23	0.87 mi	43, Heathfield Close, Potters Bar, Hertfordshire EN6 1SR	£4,792	70	2	Flat
£350K	05/21	0.93 mi	3, Norman Court, Potters Bar, Hertfordshire EN6 1HY	-	-	2	Flat
£275K	03/21	0.96 mi	9, Chauncy Avenue, Potters Bar, Hertfordshire EN6 5LE	-	-	2	Flat
£330K	12/20	0.97 mi	1, Margarets Close, Potters Bar, Hertfordshire EN6 5LB	£5,976	55	2	Flat

Local Rents

20 rents from £1.4K/mo to £3K/mo, average is £1.8K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,395	04/24	0.01 mi	Wyllyotts Close, Potters Bar, EN6	2	Flat
£2,250	12/24	0.06 mi	-	2	Detached House
£2,550	12/24	0.08 mi	-	2	Flat
£2,950	12/24	0.08 mi	-	2	Flat
£1,690	04/24	0.08 mi	Weston Close, Potters Bar	2	Flat
£1,650	04/24	0.09 mi	Albany Gate, Darkes Lane, Potters Bar, Hertfordshire, EN6	2	Flat
£1,695	04/24	0.09 mi	Darkes Lane, Potters Bar	2	Flat
£1,750	12/24	0.19 mi	Mutton Lane, Potters Bar	2	Flat
£1,750	03/24	0.19 mi	Mutton Lane, Potters Bar	2	Flat
£1,500	03/24	0.21 mi	Darkes Lane, Potters Bar, EN6	2	Flat
£1,900	04/24	0.21 mi	The Picture House, 191-195 Darkes Lane, Potters Bar, Hertfordshire, EN6	2	Flat
£1,750	03/24	0.21 mi	The Picture House, 191-195 Darkes Lane, Potters Bar, Hertfordshire, EN6	2	Flat
£1,650	04/24	0.24 mi	Aberdale Gardens, Potters Bar, Hertfordshire, EN6	2	Flat
£1,750	04/24	0.26 mi	Potters Bar	2	Flat
£1,750	04/24	0.26 mi	Darkes Lane, Potters Bar	2	Flat
£1,750	04/24	0.26 mi	The Picture House, Darkes Lane	2	Flat
£1,750	04/24	0.26 mi	Darkes Lane, Potters Bar	2	Semi-Detached House
£1,750	04/24	0.26 mi	Darkes Lane, Potters Bar	2	Semi-Detached House
£1,650	03/25	0.35 mi	-	2	Flat
£1,600	02/24	0.47 mi	-	2	Flat

Local Area Statistics

Population in EN6	29,06729,067
Population in Potters Bar	29,07529,075
Town centre distance	0.45 miles away0.45 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	0.02 miles away0.02 miles away

Rental demand	Balanced marketBalanced market
Rental growth (12m)	+16%+16%
Sales demand	Buyer's marketBuyer's market
Capital growth (5yrs)	+14%+14%

Property History

Price changed to £340,000

March 8, 2025

Listed for £350,000

January 17, 2025

Floor Plans

Description

GROUND FLOOR APARTMENT +
TWO DOUBLE BEDROOMS +
NEW BATHROOM +
NEW DOUBLE GLAZING +
ALLOCATED PARKING BAY +
IDEAL FOR COMMUTERS +
NEWLY REFURBISHED THROUGHOUT +
LEASEHOLD +
CHAIN FREE +
EPC RATING - TBC +

Ideal for investors, first time buyers and commuters is this recently refurbished two double bedroom ground floor apartment located conveniently for Potters Bar train station (Kings Cross in 20 minutes and Finsbury Park in 14 minutes), a multitude of shops and eateries on Darkes Lane and access for A1(m) and M25. The property comprises an inviting entrance hall where the newly installed consumer units are located, a spacious living room with floor to ceiling windows, modern kitchen, newly installed bathroom suite, master bedroom and second double bedroom. This property further benefits from new storage heaters, new double glazed windows improving the energy efficiency and an allocated parking bay.

EPC Rating: D

Agent Details

Kings, Potters Bar

01707 245877

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.

2 Bed Flat, Single Let, Potters Bar, EN6 2HW

£350,000

2 months ago • 68 m²

2 Bed Flat, Single Let, Potters Bar, EN6 1DN

£340,000

1 views • 2 months ago • 68 m²

2 Bed Flat, Single Let, Potters Bar, EN6 1BP

£449,500

5 months ago • 68 m²

Sold STC

4 Bed House, Single Let, Potters Bar, EN6 2AF

£525,000

2 months ago • 80 m²