2 Bed Flat, Single Let, London, N3 2RA, £350,000

Long Lane, Finchley, London, N3 2RA - 2 months ago

Leasehold

BTL

ROI: 2%

~57 m²

+9 photos

ValuationUndervalued

Sold Prices	£265K - £931K
Sold Prices/m²	£3.3K/m² - £9.5K/m²

Square Metres	~56.77 m²
Price/m²	£6.2K/m²
Value Estimate	£382,859£382,859
BMV	9%

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	£1,580 - £3,000£1,580 - £3,000
Rent Estimate	£1,580
Running Costs/mo	£1,430£1,430
Cashflow/mo	£150£150
Cashflow/yr	£1,803£1,803
ROI	2%2%
Gross Yield	5%5%

Local Sold Prices

50 sold prices from £265K to £931K, average is £437.5K. £3.3K/m² to £9.5K/m², average is £6.9K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£308K	08/23	0.04 mi	170d, Long Lane, London, Greater London N3 2RA	-	-	2	Flat
£385K	01/23	0.05 mi	165, Squires Lane, London, Greater London N3 2AA	-	-	2	Flat
£390K	05/21	0.1 mi	55, Long Lane, London, Greater London N3 2HY	£5,065	77	2	Flat
£515K	06/21	0.1 mi	95a, Long Lane, London, Greater London N3 2HY	£6,719	77	2	Flat
£380K	05/23	0.1 mi	83a, Long Lane, London, Greater London N3 2HY	-	-	2	Flat
£440K	11/20	0.11 mi	190a, Squires Lane, London, Greater London N3 2QT	£6,769	65	2	Flat
£470K	11/20	0.11 mi	196, Squires Lane, London, Greater London N3 2QT	£7,705	61	2	Flat
£440K	03/21	0.22 mi	7a, Woodlands Avenue, London, Greater London N3 2NS	-	-	2	Flat
£489K	12/20	0.22 mi	11, Woodlands Avenue, London, Greater London N3 2NS	-	-	2	Flat
£575K	12/22	0.23 mi	10, Rosemary Avenue, London, Greater London N3 2QN	£9,274	62	2	Flat
£535K	05/23	0.23 mi	22, Woodlands Avenue, London, Greater London N3 2NR	£9,386	57	2	Flat
£416.5K	02/23	0.28 mi	Ground Floor Flat, 17, Squires Lane, London, Greater London N3 2AN	£9,256	45	2	Flat
£335K	03/21	0.31 mi	23, Simms Gardens, London, Greater London N2 8HT	£8,816	38	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
£355K	06/21	0.32 mi	8, Simms Gardens, London, Greater London N2 8HT	£5,547	64	2	Flat
£931K	05/21	0.34 mi	93, Lichfield Grove, London, Greater London N3 2JL	£7,000	133	2	Flat
£565K	09/21	0.35 mi	34, Redbourne Avenue, London, Greater London N3 2BS	£5,090	111	2	Flat
£318K	04/21	0.36 mi	Flat 7, North Gates, High Road, London, Greater London N12 0AR	-	-	2	Flat
£580K	03/21	0.38 mi	66, Princes Avenue, London, Greater London N3 2DB	-	-	2	Flat
£550K	12/22	0.38 mi	62b, Princes Avenue, London, Greater London N3 2DB	-	-	2	Flat
£435K	06/21	0.38 mi	335a, Long Lane, London, Greater London N2 8JW	-	-	2	Flat
£360K	04/21	0.39 mi	61, Bow Lane, London, Greater London N12 0JL	-	-	2	Flat
£415K	02/24	0.4 mi	Cranbourne Court, Flat 3, Briar Close, London, Greater London N2 0SD	£6,103	68	2	Flat
£445K	03/23	0.4 mi	Flat 15, Cranbourne Court, Briar Close, London, Greater London N2 0SD	-	-	2	Flat
£283K	10/20	0.43 mi	Flat 21, Mowbray House, The Grange, London, Greater London N2 8LU	-	-	2	Flat
£321K	04/23	0.43 mi	71, Glebelands Close, London, Greater London N12 0AH	£5,441	59	2	Flat
£380K	05/21	0.43 mi	114, Glebelands Close, London, Greater London N12 0AN	£5,672	67	2	Flat
£300K	03/23	0.43 mi	102, Glebelands Close, London, Greater London N12 0AN	£4,545	66	2	Flat
£350K	03/23	0.43 mi	128, Glebelands Close, London, Greater London N12 0AN	£5,303	66	2	Flat
£400K	04/21	0.44 mi	47a, Lichfield Grove, London, Greater London N3 2JJ	-	-	2	Flat
£490K	06/21	0.45 mi	Flat A, 3, Etchingham Park Road, London, Greater London N3 2DU	£7,758	63	2	Flat
£360K	06/21	0.45 mi	111, Glebelands Close, London, Greater London N12 0AN	£5,538	65	2	Flat
£330K	06/21	0.46 mi	158, Old Farm Road, London, Greater London N2 9RQ	£4,177	79	2	Flat
£265K	10/22	0.47 mi	142, Old Farm Road, London, Greater London N2 9RQ	£3,272	81	2	Flat
£472K	12/22	0.48 mi	Flat 21, Etchingham Court, Etchingham Park Road, London, Greater London N3 2EA	-	-	2	Flat
£345K	06/23	0.5 mi	52, Manor Park Road, London, Greater London N2 0SJ	-	-	2	Flat
£522K	05/21	0.5 mi	70a, Manor Park Road, London, Greater London N2 0SJ	£7,324	71	2	Flat
£325K	11/20	0.5 mi	120, Basing Way, London, Greater London N3 3DA	£5,417	60	2	Flat
£475K	06/21	0.51 mi	10, Falkland Avenue, London, Greater London N3 1QR	-	-	2	Flat
£472K	04/21	0.51 mi	2a, Falkland Avenue, London, Greater London N3 1QR	£6,941	68	2	Flat
£500K	03/21	0.52 mi	389, Long Lane, London, Greater London N2 8JN	£9,535	52	2	Flat
£358K	12/20	0.52 mi	134a, East End Road, London, Greater London N2 0RZ	£5,594	64	2	Flat
£575K	09/21	0.53 mi	26, Sedgemere Avenue, London, Greater London N2 0SX	£8,582	67	2	Flat
£558.8K	12/23	0.53 mi	6, Sedgemere Avenue, London, Greater London N2 0SX	£7,534	74	2	Flat
£555K	03/23	0.53 mi	16a, Sedgemere Avenue, London, Greater London N2 0SX	£7,281	76	2	Flat
£650K	10/22	0.53 mi	25a, Sedgemere Avenue, London, Greater London N2 0SY	£8,228	79	2	Flat
£485K	10/23	0.53 mi	27b, Granville Road, London, Greater London N12 0HP	£7,647	63	2	Flat
£592K	07/24	0.55 mi	33a, Sedgemere Avenue, London, Greater London N2 0SY	£7,494	79	2	Flat
£560K	06/21	0.55 mi	43, Sedgemere Avenue, London, Greater London N2 0SY	£7,086	79	2	Flat

Local Rents

49 rents from £1.6K/mo to £3K/mo, average is £1.8K/mo.

Rent	Date	Distance	Address	Beds	Type
£3,000	09/24	0.02 mi	Squires Lane, Finchley, London, N3	2	Flat
£1,650	06/24	0.02 mi	-	2	Flat
£1,600	06/24	0.04 mi	Long Lane, Finchley	2	Flat
£1,650	06/24	0.05 mi	Long Lane, Finchley	2	Flat
£1,800	02/24	0.07 mi	Squires Lane, Finchley, London, N3	2	Flat
£1,650	08/24	0.08 mi	Squires Lane, London, N3	2	Flat
£1,580	09/24	0.08 mi	-	2	Flat
£1,580	10/24	0.08 mi	-	2	Flat
£2,000	05/24	0.08 mi	Squires Lane, London, N3	2	Flat
£1,800	08/24	0.1 mi	Squires Lane, Finchley	2	Flat
£1,650	05/24	0.15 mi	Squires Court, Abingdon Road, London, N3	2	Flat
£2,000	08/24	0.19 mi	Queens Avenue, Finchley, N3	2	Flat
£2,200	07/24	0.25 mi	Manor Cottages Approach, London	2	Terraced House
£2,191	12/24	0.25 mi	-	2	Terraced House
£2,000	08/24	0.25 mi	Queens Avenue, London	2	Flat
£2,000	07/24	0.25 mi	Queens Avenue, Finchley, London, N3	2	Flat
£1,849	09/24	0.26 mi	-	2	Flat
£1,799	10/24	0.26 mi	-	2	Flat
£1,850	08/24	0.26 mi	Vines Avenue, Finchley, N3	2	Flat
£1,750	08/24	0.26 mi	Vines Avenue, Finchley Central, N3	2	Flat
£1,850	07/24	0.27 mi	Glebe Road, Finchley	2	Flat
£1,800	05/24	0.28 mi	Connections House, Glebe Road, Finchley, London, N3	2	Flat
£1,925	02/25	0.28 mi	-	2	Flat
£1,850	02/24	0.29 mi	-	2	Flat
£1,850	06/24	0.29 mi	Lucas Gardens, East Finchley, London, N2	2	Flat
£1,950	06/24	0.29 mi	Station Road, Finchley, N3	2	Flat
£1,795	06/24	0.31 mi	-	2	Flat
£1,725	08/24	0.31 mi	Princes Avenue, Finchley Central, N3	2	Flat
£2,250	05/24	0.32 mi	Princes Avenue, Finchley, N3	2	Flat
£1,800	05/24	0.32 mi	Simms Gardens, East Finchley, N2	2	Flat
£1,750	07/24	0.33 mi	Blackdown Close, East Finchley	2	Flat
£1,750	06/24	0.33 mi	Long Lane, Finchley, London	2	Flat
£1,625	02/25	0.33 mi	-	2	Flat
£1,600	05/24	0.33 mi	Blackdown Close, East Finchley, N2	2	Flat
£1,900	02/25	0.33 mi	-	2	Flat
£1,800	05/24	0.33 mi	Connections House, Glebe Road, London	2	Flat
£1,700	05/24	0.35 mi	Station Road, Finchley	2	Flat
£1,850	11/24	0.35 mi	-	2	Flat
£2,000	07/24	0.36 mi	Princes Avenue, Finchley, London, N3	2	Flat
£1,800	04/25	0.36 mi	-	2	Flat
£2,050	06/24	0.37 mi	High Road, London, N2	2	Flat
£1,750	06/24	0.38 mi	Princes Avenue, Finchley Central, London	2	Flat
£2,050	06/24	0.38 mi	-	2	Flat
£2,050	06/24	0.38 mi	High Road, London, N2	2	Flat
£1,750	02/25	0.38 mi	-	2	Flat
£2,100	06/24	0.38 mi	Dorset Mews London N3	2	Flat
£1,675	05/24	0.39 mi	Garden, London, N2	2	Flat
£1,675	05/24	0.39 mi	-	2	Flat
£2,100	11/24	0.39 mi	-	2	Flat

Local Area Statistics

Population in N3	26,58426,584
Population in London	4,771,9214,771,921
Town centre distance	5.93 miles away5.93 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	0.48 miles away0.48 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

February 28, 2025

Listed for £375,000

January 22, 2025

Floor Plans

Description

First floor flat +
Refurbished to a high standard +
Two bedrooms +
modern kitchen & bathroom +
Open plan living +
Long lease +
Chain free +

We are pleased to offer this larger than average and recently refurbished two double bedroom first floor flat which is ideally located for local amenities, such as Victoria Park, Ballards Lane shopping amenities and Finchley Central underground station. The property offers two double bedrooms, modern fitted bathroom and an open plan Living / dining / kitchen area. This lovely flat would be an ideal first time buyers purchase or buy to let investment and is being sold on a chain free basis.
An internal viewing is highly recommended.

Agent Details

Winkworth, Finchley

020 3856 3929

Next Steps?

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

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ValuationUndervalued

CashflowsOpen in Analyser

Local Sold PricesDownload Show map

Local RentsDownload Show map

Links

Local Area Statistics

Property History

Floor Plans

Description

Agent Details

Next Steps?

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Cashflows

Local Sold Prices

Local Rents