2 Bed Flat, Single Let, London, N3 3BG, £350,000

Clandon Gardens, Finchley, N3 3BG - 3 months ago

Leasehold

BTL

ROI: 2%

~66 m²

+5 photos

ValuationUndervalued

Sold Prices	£262K - £931K
Sold Prices/m²	£3.2K/m² - £10K/m²

Square Metres	~66 m²
Price/m²	£5.3K/m²
Value Estimate	£434,000£434,000
BMV	24%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£87,500£87,500
Stamp Duty & Legal Fees	£23,700£23,700
Total Cash In	£111,200£111,200

Cash Out
Rent Range	£1,550 - £2,600£1,550 - £2,600
Rent Estimate	£1,600
Running Costs/mo	£1,434£1,434
Cashflow/mo	£166£166
Cashflow/yr	£1,995£1,995
ROI	2%2%
Gross Yield	5%5%

Local Sold Prices

50 sold prices from £262K to £931K, average is £420K. £3.2K/m² to £10K/m², average is £6.9K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£382.5K	03/23	0.12 mi	33, Amberden Avenue, London, Greater London N3 3DE	£6,217	62	2	Flat
£320K	12/22	0.12 mi	19, Amberden Avenue, London, Greater London N3 3DE	£5,614	57	2	Flat
£350K	10/20	0.15 mi	57, Basing Way, London, Greater London N3 3BP	£6,070	58	2	Flat
£475K	12/22	0.16 mi	61, Beaufort Park, London, Greater London NW11 6BT	£6,250	76	2	Flat
£390K	03/21	0.2 mi	110, Beaufort Park, London, Greater London NW11 6BY	£5,396	72	2	Flat
£385K	05/24	0.2 mi	41, Beaufort Park, London, Greater London NW11 6BS	-	-	2	Flat
£360K	01/23	0.22 mi	129, Beaufort Park, London, Greater London NW11 6BY	£4,045	89	2	Flat
£325K	11/20	0.23 mi	120, Basing Way, London, Greater London N3 3DA	£5,417	60	2	Flat
£420K	12/20	0.25 mi	15, Orchard Avenue, London, Greater London N3 3NL	£6,971	60	2	Flat
£420K	12/20	0.25 mi	15, Orchard Avenue, London, Greater London N3 3NL	£6,971	60	2	Flat
£385K	10/20	0.32 mi	55, Addison Way, London, Greater London NW11 6AR	£8,953	43	2	Flat
£415K	10/20	0.36 mi	33, Addison Way, London, Greater London NW11 6AL	£8,646	48	2	Flat
£495K	10/21	0.36 mi	40, Hill Top, London, Greater London NW11 6EE	£9,706	51	2	Flat
£610K	01/21	0.37 mi	Flat 11, Mayflower Lodge, Regents Park Road, London, Greater London N3 3HU	-	-	2	Flat
£415K	02/24	0.37 mi	Cranbourne Court, Flat 3, Briar Close, London, Greater London N2 0SD	£6,103	68	2	Flat
£445K	03/23	0.37 mi	Flat 15, Cranbourne Court, Briar Close, London, Greater London N2 0SD	-	-	2	Flat
£325K	03/24	0.37 mi	Erskine House, Flat 4, Homesfield, London, Greater London NW11 6HN	£3,186	102	2	Flat
£575K	10/22	0.39 mi	Flat 65, Mayflower Lodge, Regents Park Road, London, Greater London N3 3HX	-	-	2	Flat
£567.5K	11/22	0.4 mi	Flat 26, Chessington Lodge, Regents Park Road, London, Greater London N3 3AA	-	-	2	Flat
£555K	06/21	0.4 mi	Flat 17, Chessington Lodge, Regents Park Road, London, Greater London N3 3AA	-	-	2	Flat
£456.8K	03/23	0.42 mi	186, Falloden Way, London, Greater London NW11 6JE	£8,907	51	2	Flat
£463K	01/21	0.42 mi	1, Denison Close, London, Greater London N2 0JT	£8,123	57	2	Flat
£450K	06/21	0.42 mi	24, Denison Close, London, Greater London N2 0JT	£7,109	63	2	Flat
£420K	05/21	0.44 mi	27, Denison Close, London, Greater London N2 0JT	£6,176	68	2	Flat
£431K	06/21	0.44 mi	40, Denison Close, London, Greater London N2 0JU	£6,734	64	2	Flat
£440K	06/21	0.45 mi	42, Denison Close, London, Greater London N2 0JU	£7,097	62	2	Flat
£420K	05/21	0.45 mi	27, Denison Close, London, Greater London N2 0JT	£6,176	68	2	Flat
£358K	12/20	0.45 mi	134a, East End Road, London, Greater London N2 0RZ	£5,594	64	2	Flat
£450K	03/21	0.48 mi	129, Ossulton Way, London, Greater London N2 0JS	£6,923	65	2	Flat
£430K	09/23	0.48 mi	Flat 13, Ellerton Lodge, East End Road, London, Greater London N3 3QH	-	-	2	Flat
£385K	06/23	0.48 mi	Flat 24, Ellerton Lodge, East End Road, London, Greater London N3 3QH	-	-	2	Flat
£931K	05/21	0.49 mi	93, Lichfield Grove, London, Greater London N3 2JL	£7,000	133	2	Flat
£415K	09/21	0.5 mi	Flat 24, Derby Lodge, East End Road, London, Greater London N3 3QG	-	-	2	Flat
£380K	01/21	0.5 mi	Flat 6, Derby Lodge, East End Road, London, Greater London N3 3QG	-	-	2	Flat
£355K	02/23	0.5 mi	Flat 14, Derby Lodge, East End Road, London, Greater London N3 3QG	-	-	2	Flat
£575K	12/22	0.5 mi	10, Rosemary Avenue, London, Greater London N3 2QN	£9,274	62	2	Flat
£400K	02/23	0.51 mi	26, Arden Road, London, Greater London N3 3AN	£8,000	50	2	Flat
£407.5K	07/23	0.51 mi	Flat 3, Warwick Court, Ossulton Way, London, Greater London N2 0LG	-	-	2	Flat
£366K	01/21	0.52 mi	156a, East End Road, London, Greater London N2 0RY	£7,176	51	2	Flat
£560K	09/21	0.53 mi	52, Neale Close, London, Greater London N2 0LF	£10,036	56	2	Flat
£515K	06/23	0.53 mi	5, Heath View Close, London, Greater London N2 0PY	£6,519	79	2	Flat
£415K	05/21	0.55 mi	Flat 12, Branksome Court, East End Road, London, Greater London N2 0RX	-	-	2	Flat
£410K	06/21	0.55 mi	Flat 6, Branksome Court, East End Road, London, Greater London N2 0RX	-	-	2	Flat
£400K	04/21	0.56 mi	47a, Lichfield Grove, London, Greater London N3 2JJ	-	-	2	Flat
£432K	03/23	0.56 mi	3a - 3b, Ashbourne Avenue, London, Greater London NW11 0DP	-	-	2	Flat
£455K	10/20	0.57 mi	Flat 1, Clifford Lodge, Bibsworth Road, London, Greater London N3 3RS	-	-	2	Flat
£262K	06/21	0.57 mi	Flat 2, Bibsworth Lodge, Bibsworth Road, London, Greater London N3 3RN	-	-	2	Flat
£262K	06/21	0.57 mi	Flat 2, Bibsworth Lodge, Bibsworth Road, London, Greater London N3 3RN	-	-	2	Flat
£477.5K	03/23	0.57 mi	Flat 10, Arundel Lodge, Salisbury Avenue, London, Greater London N3 3AL	-	-	2	Flat
£575K	09/21	0.58 mi	26, Sedgemere Avenue, London, Greater London N2 0SX	£8,582	67	2	Flat

Local Rents

50 rents from £1.6K/mo to £2.6K/mo, average is £2K/mo.

Rent	Date	Distance	Address	Beds	Type
£2,595	10/24	0.05 mi	-	2	Flat
£1,550	07/24	0.09 mi	Kingsgate Avenue, London, N3	2	Flat
£1,550	07/24	0.09 mi	-	2	Flat
£1,700	05/24	0.15 mi	Basing Way, LONDON	2	Flat
£2,250	05/24	0.19 mi	Orchard Avenue, Finchley, N3	2	Flat
£2,200	03/25	0.21 mi	-	2	Flat
£2,500	07/24	0.21 mi	Edgewood Mews, London, N3	2	Flat
£2,500	09/24	0.21 mi	-	2	Flat
£1,750	05/24	0.25 mi	Basing Way, LONDON	2	Flat
£1,850	08/24	0.25 mi	Basing Way, Finchley, N3	2	Flat
£2,350	01/25	0.27 mi	-	2	Flat
£2,100	02/24	0.3 mi	-	2	House
£2,350	07/24	0.3 mi	Mountfield Road, Finchley, N3	2	Flat
£2,578	12/24	0.32 mi	Coleridge Walk, Hampstead Garden Suburb, NW11	2	Terraced House
£1,800	05/24	0.33 mi	Holly Park, Finchley, London, N3	2	Flat
£1,950	03/25	0.34 mi	-	2	Flat
£2,000	02/24	0.35 mi	-	2	Semi-Detached House
£2,400	08/24	0.35 mi	-	2	Flat
£1,800	07/24	0.37 mi	Holyoake Walk, East Finchley, N2	2	Flat
£1,750	07/24	0.37 mi	-	2	Flat
£1,800	04/25	0.37 mi	-	2	Flat
£1,600	06/24	0.37 mi	Mountfield Road, Finchley, N3	2	Flat
£2,100	11/24	0.38 mi	-	2	Flat
£2,000	03/25	0.38 mi	-	2	Flat
£2,100	08/24	0.38 mi	Cavendish Avenue, Finchley Central, London	2	Flat
£2,000	06/24	0.38 mi	Mountfield Road, Finchley	2	Flat
£2,349	06/24	0.39 mi	Wordsworth Walk, Hampstead Garden Suburb, NW11	2	Detached House
£1,700	07/24	0.39 mi	East End Road, Finchley, N3	2	Flat
£1,800	06/24	0.39 mi	-	2	Flat
£1,800	06/24	0.39 mi	Regents Park Road, London, N3	2	Flat
£1,800	06/24	0.39 mi	Regents Park Road, London, N3	2	Flat
£2,000	07/24	0.39 mi	-	2	Terraced House
£2,349	06/24	0.4 mi	Wordsworth Walk, Hampstead Garden Suburb, NW11	2	Terraced House
£2,050	07/24	0.4 mi	Stanhope Avenue, Finchley, N3	2	Flat
£1,750	03/25	0.41 mi	-	2	Flat
£2,600	06/24	0.41 mi	Wordsworth Walk, London	2	Flat
£1,800	03/25	0.41 mi	-	2	Flat
£1,800	07/24	0.41 mi	Glenhill Close, Finchley, N3	2	Flat
£1,950	05/24	0.42 mi	Denison Close London N2	2	Flat
£1,950	05/24	0.43 mi	Denison Close, Hampstead Garden Suburb, N2	2	Flat
£1,750	05/24	0.43 mi	Holyoake Walk, East Finchley, N2	2	Flat
£1,751	02/25	0.44 mi	-	2	Flat
£1,900	12/24	0.44 mi	-	2	Flat
£2,500	06/24	0.45 mi	Spencer Close, Finchley, N3	2	Flat
£2,200	05/24	0.45 mi	Regents Park Road, Finchley Central, N3	2	Flat
£2,000	12/24	0.45 mi	-	2	Flat
£2,200	05/24	0.45 mi	East End Road, London, N3	2	Flat
£1,900	05/24	0.47 mi	-	2	Flat
£2,000	05/24	0.47 mi	Ossulton Way, Hampstead Garden Suburb, London, N2	2	Flat
£2,000	06/24	0.47 mi	Stunning Two Bed In Fantastic Hgs Location	2	Flat

Local Area Statistics

Population in N3	26,58426,584
Population in London	4,771,9214,771,921
Town centre distance	5.68 miles away5.68 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	0.69 miles away0.69 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

Price changed to £350,000

March 28, 2025

Price changed to £375,000

February 12, 2025

Listed for £400,000

January 20, 2025

Floor Plans

Description

Leasehold Term 125 years from 25/03/1997 +
Entrance Hall +
Through Lounge/Dining Room +
Fitted Kitchen +
Two Double Bedrooms +
Bathroom/WC +
Guest Cloakroom +
Balcony +
Communal Gardens +

Property Description

Forming part of this block located just off Kingsgate Avenue is this ground floor purpose-built apartment. The property offers the following:

Agent Details

Chancellors, Finchley

020 3871 3815

Next Steps?

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

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