2 Bed Flat, Single Let, Enfield, EN2 8LG, £400,000

The Ridgeway, Enfield, EN2 8LG - 2 views - 2 months ago

Leasehold
BTL
~68 m²
+4 photos

ValuationOvervalued

Sold Prices£241K - £520K
Sold Prices/m²£3.9K/m² - £6.7K/m²

 

 

Square Metres

~68.11 m²
Price/m²£5.9K/m²

Value Estimate

£385,395

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£100,000

Stamp Duty & Legal Fees

£20,700

Total Cash In

£120,700

 

 

Cash Out

 

Rent Range

£1,400 - £2,695

Rent Estimate

£1,553

Running Costs/mo

£1,581

Cashflow/mo

£-28

Cashflow/yr

£-331

Gross Yield

5%

Local Sold Prices

50 sold prices from £241K to £520K, average is £323.8K. £3.9K/m² to £6.7K/m², average is £5.7K/m².

PriceDateDistanceAddressBeds 
£250K03/210.07 miFlat 16, Ingleborough, Cavell Drive, Enfield, Greater London EN2 7PR2
£260K08/210.07 miFlat 50, Ingleborough, Cavell Drive, Enfield, Greater London EN2 7PR2
£280K01/230.07 miFlat 85, Ingleborough, Cavell Drive, Enfield, Greater London EN2 7PR2
£310K12/220.09 mi1, Woodridge Close, Enfield, Greater London EN2 8HJ2
£290K08/210.09 miFlat 73, Ingleborough, Cavell Drive, Enfield, Greater London EN2 7PR2
£315K03/210.1 mi6, Woodridge Close, Enfield, Greater London EN2 8HJ2
£316K01/230.1 mi2, Woodridge Close, Enfield, Greater London EN2 8HJ2
£315K03/210.1 mi6, Woodridge Close, Enfield, Greater London EN2 8HJ2
£317.5K03/230.13 mi73, Crofton Way, Enfield, Greater London EN2 8HR2
£360K10/220.13 mi58, Crofton Way, Enfield, Greater London EN2 8HS2
£338K11/220.13 mi64, Crofton Way, Enfield, Greater London EN2 8HS2
£315K03/230.18 mi52, John Gooch Drive, Enfield, Greater London EN2 8HG2
£300K01/210.18 mi60, John Gooch Drive, Enfield, Greater London EN2 8HG2
£320K04/210.2 mi9, Canford Close, Enfield, Greater London EN2 8QN2
£395K06/210.21 mi9, Mcadam Drive, Enfield, Greater London EN2 8PS2
£360K10/200.23 mi18, Chase Ridings, Enfield, Greater London EN2 7QF2
£395K12/200.23 mi22, Chase Ridings, Enfield, Greater London EN2 7QF2
£365K06/230.23 mi31, Chase Ridings, Enfield, Greater London EN2 7QF2
£360K06/230.26 mi10, Englefield Close, Enfield, Greater London EN2 7QD2
£325K03/210.27 mi91, Chase Green Avenue, Enfield, Greater London EN2 8EN2
£320K01/210.31 mi27a, The Ridgeway, Enfield, Greater London EN2 8PB2
£402K04/210.31 mi3, Shooters Road, Enfield, Greater London EN2 8RN2
£412.5K07/230.32 mi11, Hermitage Close, Enfield, Greater London EN2 8EL2
£367K05/230.4 mi27, Monks Close, Enfield, Greater London EN2 8DZ2
£303K10/210.41 mi129, Kirkland Drive, Enfield, Greater London EN2 0RJ2
£297K06/210.42 mi4, Kirkland Drive, Enfield, Greater London EN2 0RT2
£320K11/220.42 mi115, Kirkland Drive, Enfield, Greater London EN2 0RJ2
£319K10/200.42 miFlat 14, Pinewood Court, Bycullah Road, Enfield, Greater London EN2 8EG2
£315K08/210.42 mi107, Kirkland Drive, Enfield, Greater London EN2 0RJ2
£297.5K02/210.42 mi123, Kirkland Drive, Enfield, Greater London EN2 0RJ2
£328K12/200.42 mi155, Kirkland Drive, Enfield, Greater London EN2 0RJ2
£364K09/210.44 mi27b, Chase Green Avenue, Enfield, Greater London EN2 8EA2
£360K04/210.47 mi5d, Glebe Avenue, Enfield, Greater London EN2 8NZ2
£347.5K02/230.51 mi13, West Bank, Enfield, Greater London EN2 8DU2
£345K11/200.51 mi4, Millers Green Close, Enfield, Greater London EN2 7BD2
£419.9K03/210.51 mi9, William Covell Close, Enfield, Greater London EN2 8HP2
£363K04/210.51 mi3, William Covell Close, Enfield, Greater London EN2 8HP2
£322K04/210.52 mi96a, Gordon Hill, Enfield, Greater London EN2 0QS2
£241K11/220.54 mi38, Blossom Lane, Enfield, Greater London EN2 0TQ2
£420K04/230.55 mi29, Florence Drive, Enfield, Greater London EN2 8DG2
£257K01/230.56 mi67b, Windmill Hill, Enfield, Greater London EN2 7AF2
£290K10/200.56 mi26, Holtwhite Avenue, Enfield, Greater London EN2 0RS2
£365K11/210.58 miFlat 24, Kingfisher Court, Mount View, Enfield, Greater London EN2 8LF2
£322.5K03/210.6 mi2, Roundhedge Way, Enfield, Greater London EN2 8LD2
£341K06/210.6 mi49, Roundhedge Way, Enfield, Greater London EN2 8LD2
£315K10/200.61 mi17b, Links Side, Enfield, Greater London EN2 7QT2
£340K11/220.61 mi19, Links Side, Enfield, Greater London EN2 7QT2
£520K05/210.62 mi75a, Chase Side, Enfield, Greater London EN2 6NL2
£370K11/220.63 mi18, Lavender Hill, Enfield, Greater London EN2 0RE2
£357K08/210.63 mi22, Lavender Hill, Enfield, Greater London EN2 0RE2

Local Rents

50 rents from £1.4K/mo to £2.7K/mo, average is £1.8K/mo.

RentDateDistanceAddressBeds 
£1,40009/230.05 mi-2
£1,79804/240.11 miUplands Park Road, Enfield EN22
£1,85001/250.14 mi-2
£2,50004/240.14 miBergamot House, Rowantree Road, Enfield2
£2,50004/240.14 miBergamot House, Rowantree Road, Enfield2
£2,69503/240.15 miBergamot House, Enfield2
£2,69503/240.15 miBergamot House, 52 Rowantree Road, Enfield, EN22
£2,69503/240.15 miBergamot House, 52 Rowantree Road, Enfield, EN22
£1,71203/240.15 miThe Grove, Enfield EN22
£1,65004/240.16 miThe Ridgeway, Enfield, EN22
£1,65004/240.16 miThe Ridgeway, Enfield, EN22
£1,40003/240.18 miChasewood Avenue, Enfield, EN22
£1,75004/240.22 miLavender Hill, Enfield, EN22
£1,70004/240.22 mi-2
£1,75006/240.22 mi-2
£1,65004/240.27 miThe Ridgeway, London, EN22
£1,70003/240.29 miThe Glade, Enfield2
£1,80006/240.31 mi-2
£1,80004/240.32 miBycullah Road, Enfield, EN22
£1,85002/250.33 mi-2
£1,74503/240.35 miMonks Road, Winchmore Hill2
£2,00004/240.36 miMonks Road, Enfield, EN22
£1,75003/240.36 miMonks Road, EN22
£2,09703/240.37 miMonks Road, Enfield, EN22
£1,70004/240.37 mi10-12 The Ridgeway, Enfield2
£1,75003/240.38 miSlades Hill, ENFIELD2
£1,67504/240.39 miThe Ridgeway, Enfield, Middlesex, EN22
£1,65002/240.41 mi-2
£1,85003/250.42 mi-2
£1,40004/240.42 miKirkland Drive2
£1,70005/240.42 miKirkland Drive, ENFIELD2
£1,70005/240.43 miKirkland Drive, Enfield2
£1,75005/240.43 mi-2
£1,75005/240.43 miKirkland Drive, Enfield, EN22
£1,55002/240.44 mi-2
£1,85003/240.44 miChesham Court, Gordon Hill, Enfield2
£1,80004/240.48 miBycullah Road, ENFIELD2
£1,79504/240.48 miBycullah Court, Enfield2
£1,55004/240.49 miTrinity Street, Enfield, Middlesex, EN22
£1,65004/240.5 miBycullah Road, ENFIELD2
£1,70003/240.5 miHelen Clare Court, Enfield, EN22
£2,55003/240.51 mi-2
£2,55003/240.51 miHadley Road, Enfield, EN22
£1,85003/250.51 mi-2
£1,75004/240.51 miMillers Green Close, ENFIELD2
£1,57512/230.52 mi-2
£1,85002/240.52 mi-2
£1,85003/240.52 miFlorence Drive, Enfield, EN22
£1,55004/240.56 miGordon Hill, Enfield, Middlesex, EN22
£1,70004/240.56 miWindmill Hill, EN22

Local Area Statistics

Population in EN2

29,471

Population in Enfield

130,248

Town centre distance

0.81 miles away

Nearest school

0.40 miles away

Nearest train station

0.37 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+1%

Sales demand

Balanced market

Capital growth (5yrs)

+19%

Property History

Listed for £400,000

January 22, 2025

Floor Plans

Description

  • En-Suite To Master Bedroom +
  • Guests Bathroom +
  • Share Of Freehold +
  • West Facing Balcony +
  • Lift Service +
  • Two Good Sized Bedrooms +
  • Allocated Parking +
  • Particularly Spacious Lounge +

SUMMARY
Spacious two bedroom balcony flat on the first floor of this attractive modern block, just off The Ridgeway, within easy access of good schools, Enfield Town centre and walking distance of Gordon Hill and Enfield Chase Stations, alternatively Oakwood Station is within easy reach.

DESCRIPTION
Barnfields offer this spacious, two bedroom balcony flat on the first floor of this attractive modern block, located just off The Ridgeway, within easy access of Enfield Town multiple shopping centre and walking distance of Gordon Hill Rail Station and Enfield Chase Rail Station (Moorgate Line). Alternatively, Oakwood Tube Station (Piccadilly Line) is just a short drive away. Both NHS and private hospitals are within close proximity and several good schools including Enfield Grammar School are within easy reach.

Features include:-

L Shaped Entrance Hall 
Fitted carpet, double built-in storage cupboard.

Lounge 20' 3" x 12' 5" ( 6.17m x 3.78m )
Fitted carpet, two radiators, double glazed French windows to balcony. Open planned to kitchen.

Kitchen 9' 9" x 7' 9" ( 2.97m x 2.36m )
Comprehensively fitted in white units, comprising base units with worktops, matching wall cabinets, integrated dishwasher, integrated fridge-freezer, plumbing for washing machine, inset ceramic hob with fume extractor hood over, built-in oven, ceramic tiled floor, wall mounted combination gas central heating boiler.

Bedroom One 12' x 10' 3" ( 3.66m x 3.12m )
Fitted carpet, radiator.

En-Suite Shower Room / Wc 
Shower cubicle, vanity wash hand basin with cupboard under, low flush WC (white suite), ceramic tiled floor, radiator, half tiled walls.

Bedroom Two 12' x 7' 10" ( 3.66m x 2.39m )
Fitted carpet, radiator.

Guests Bathroom / Wc 
Panelled bath with mixer taps and shower attachment, shower curtain and rail, pedestal wash hand basin, low flush WC, ceramic tiled floor, radiator, half tiled walls.

Outside 

Balcony 
Full width west facing balcony with pleasant views.

Parking 
There is one allocated parking space to the rear of the property and visitors parking.

We currently hold lease details as displayed above, should you require further information please contact the branch. Please note additional fees could be incurred for items such as leasehold packs.

1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER SEQUENCE (UK) LIMITED NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.

Agent Details

Barnfields Estate Agents, Enfield

020 3907 2775

Next Steps?

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