2 Bed Terraced House, Refurb/BRRR, Enfield, EN3 5QL, £365,000

78 Roedean Avenue, Enfield, EN3 5QL - 3 views - 3 months ago

Sold STC
Refurb/BRRR
ROI: 2%
~68 m²
+9 photos

ValuationFair Value

Sold Prices£170K - £775K
Sold Prices/m²£3.4K/m² - £8.1K/m²

 

 

Square Metres

~68.11 m²
Price/m²£5.4K/m²

Value Estimate

£367,155

 

 

End Value (After Refurb)

£380,734

Uplift in Value

+4%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£91,250

Stamp Duty & Legal Fees

£17,900

Refurb Costs

£36,033

Bridging Loan Interest

£9,581

Total Cash In

£156,514

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£380,734

Mortgage (After Refinance)

£285,551

Mortgage LTV

75%

Cash Released

£11,801

Cash Left In

£144,714

Equity

£95,184

Rent Range

£1,400 - £4,000

Rent Estimate

£1,782

Running Costs/mo

£1,566

Cashflow/mo

£216

Cashflow/yr

£2,590

ROI

2%

Gross Yield

6%

Local Sold Prices

42 sold prices from £170K to £775K, average is £373.8K. £3.4K/m² to £8.1K/m², average is £5.6K/m².

PriceDateDistanceAddressBeds 
£375K07/210.07 mi114, Roedean Avenue, Enfield, Greater London EN3 5QN2
£382K06/210.19 mi82, Stoneleigh Avenue, Enfield, Greater London EN1 4HG2
£311K05/210.23 mi29a, The Loning, Enfield, Greater London EN3 5RG2
£445K06/230.24 mi121, Pembroke Avenue, Enfield, Greater London EN1 4EZ2
£370K02/230.44 mi91, Winnington Road, Enfield, Greater London EN3 5RL2
£340K02/210.47 mi91, Tynemouth Drive, Enfield, Greater London EN1 4LP2
£380K03/210.47 mi109, Tynemouth Drive, Enfield, Greater London EN1 4LP2
£330K06/230.49 mi66, Central Avenue, Enfield, Greater London EN1 3QF2
£390K04/230.49 mi23a, Ashford Crescent, Enfield, Greater London EN3 7HU2
£340K05/230.5 mi68, Turkey Street, Enfield, Greater London EN3 5TN2
£370K12/200.5 mi21, Turkey Street, Enfield, Greater London EN3 5TT2
£352K03/230.5 mi124, The Sunny Road, Enfield, Greater London EN3 5EQ2
£350K11/220.52 mi37, The Sunny Road, Enfield, Greater London EN3 5EF2
£361K08/210.53 mi60, Pentrich Avenue, Enfield, Greater London EN1 4NA2
£420K10/220.54 mi88, Turkey Street, Enfield, Greater London EN1 4PT2
£408K01/230.56 mi83, Severn Drive, Enfield, Greater London EN1 4LY2
£368K06/210.57 mi103, Worcesters Avenue, Enfield, Greater London EN1 4ND2
£380K06/230.57 mi60, Greenwood Avenue, Enfield, Greater London EN3 5DU2
£370K11/210.57 mi58, Greenwood Avenue, Enfield, Greater London EN3 5DU2
£377.2K09/210.58 mi85, Greenwood Avenue, Enfield, Greater London EN3 5DX2
£425K04/210.59 mi20, Bressey Avenue, Enfield, Greater London EN1 4UU2
£170K03/210.61 mi9, Saville Row, Enfield, Greater London EN3 7LD2
£450K05/210.62 mi2a, Westmoor Road, Enfield, Greater London EN3 7LE2
£393.5K07/230.67 mi63, Burncroft Avenue, Enfield, Greater London EN3 7JQ2
£346K06/210.68 mi3, Titchfield Road, Enfield, Greater London EN3 6AZ2
£380K04/230.71 mi71, Catisfield Road, Enfield, Greater London EN3 6BB2
£380K06/210.74 mi111, Goat Lane, Enfield, Greater London EN1 4UD2
£372.5K01/210.76 mi119, Mahon Close, Enfield, Greater London EN1 4DL2
£360K05/210.79 mi46, Goldsdown Road, Enfield, Greater London EN3 7QZ2
£340K03/210.79 mi83, Totteridge Road, Enfield, Greater London EN3 6NG2
£425K05/230.84 mi20, Putney Road, Enfield, Greater London EN3 6NN2
£400K01/210.84 mi20, Putney Road, Enfield, Greater London EN3 6NN2
£372K06/210.85 mi47, Allandale Road, Enfield, Greater London EN3 6SA2
£313K11/200.85 mi95, Bradley Road, Enfield, Greater London EN3 6ET2
£315K11/200.85 mi87, Bradley Road, Enfield, Greater London EN3 6ET2
£775K11/200.85 miElsynge Cottage, Forty Hill, Enfield, Greater London EN2 9EU2
£430K06/210.87 mi38, Russell Road, Enfield, Greater London EN1 4TW2
£375K06/210.87 mi69, Russell Road, Enfield, Greater London EN1 4TW2
£360K05/210.88 mi30, Manly Dixon Drive, Enfield, Greater London EN3 6BQ2
£390K11/220.96 mi11, Hornbeams Avenue, Enfield, Greater London EN1 4RA2
£325K11/220.99 mi81, Inverness Avenue, Enfield, Greater London EN1 3NX2
£430K11/221 mi5, Chestnut Road, Enfield, Greater London EN3 6SX2

Local Rents

50 rents from £1.4K/mo to £4K/mo, average is £1.7K/mo.

RentDateDistanceAddressBeds 
£1,60004/240.11 miHertford Road, Enfield2
£1,90004/240.17 miHoe Lane, Enfield, London, EN32
£1,60003/240.19 miHoecroft Court, Hoe Lane, Enfield2
£1,60004/250.2 mi-2
£1,60003/240.22 miStainton Road, Enfield, EN32
£1,40004/240.24 mi-2
£1,40004/240.25 mi463-465 Hertford Road, Enfield, Greater London, EN32
£1,50011/240.25 mi-2
£1,65005/240.3 mi-2
£1,65004/250.3 mi-2
£1,75004/250.32 mi-2
£1,50004/240.35 miSherbourne Avenue, Enfield2
£1,50005/240.35 miSherbourne Avenue, Enfield2
£1,50002/240.36 mi-2
£1,50004/240.38 miBridge Close, Enfield, Middlesex, EN12
£2,00012/240.39 mi-2
£1,80005/240.4 mi-2
£1,85002/250.4 mi-2
£1,75002/250.42 mi-2
£1,85004/250.42 mi-2
£1,80002/250.43 mi-2
£1,65003/240.45 miGlenloch Road, Enfield, Middlesex, EN32
£1,60004/240.47 miAddison Road, Enfield, EN32
£1,47003/240.48 mi-2
£1,80005/240.48 mi-2
£1,70003/240.5 miThe Sunny Road, Enfield, EN32
£2,10012/240.51 mi-2
£1,80002/250.51 mi-2
£1,70001/250.51 mi-2
£1,90001/250.51 mi-2
£1,70002/250.51 mi-2
£1,70003/250.51 mi-2
£1,80003/250.51 mi-2
£1,50003/250.51 mi-2
£1,50003/250.51 mi-2
£1,60002/250.51 mi-2
£1,75004/250.53 mi-2
£1,90001/250.55 mi-2
£1,70002/250.56 mi-2
£1,65004/240.56 miBowood Road, Enfield, EN32
£4,00005/240.56 mi-2
£1,80005/240.57 mi-2
£1,85012/240.57 mi-2
£1,60003/240.57 mi-2
£1,60004/240.57 miGreen Street2
£2,75011/240.57 mi-2
£1,90002/250.57 mi-2
£1,75011/240.59 mi-2
£1,60004/240.6 miBeaconsfield Road, Enfield2
£1,85011/240.6 mi-2

Local Area Statistics

Population in EN3

55,687

Population in Enfield

130,248

Town centre distance

2.40 miles away

Nearest school

0.10 miles away

Nearest train station

0.55 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+5%

Sales demand

Seller's market

Capital growth (5yrs)

+20%

Property History

Listed for £365,000

January 22, 2025

Floor Plans

Description

  • Proximity to Turkey Street & Enfield Lock Train Stations +
  • Walking distance to Local Shops & Amenities +
  • Offered Chain Free +
  • In Need of Modernisation Throughout +
  • Terraced Family Home +
  • Two Reception Rooms +
  • First Floor Bathroom +
  • Conservatory +
  • Double Glazing +
  • Approx 80ft Rear Garden +

OFFERED CHAIN-FREE EQUITY ESTATE AGENTS are pleased to offer this Two-Bedroom TERRACED Family Home located in a cul-de-sac off Palmers Lane, close to the Hertford Road. The property is conveniently located to all local SHOPS and AMENITIES Including Brimdown & Turkey Street Station which have great links into Tottenham Hale & LONDON LIVERPOOL STREET.

Benefits include a Porch, an Entrance Hallway, Two Reception Rooms, Conservatory, Kitchen, First Floor Bathroom, Two Bedrooms, Double Glazing, Paved Driveway for Off-Street Parking, Good Sized Rear Garden, Offered Chain-Free. In Need of Full Modernisation.

Council Tax Band C

Agent Details

Equity Estate Agents, Enfield

020 3908 8521

Next Steps?

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