2 Bed Flat, Single Let, London, N3 3BN, £325,000

Basing Way, Finchley, London, N3 3BN - 2 months ago

Leasehold

BTL

ROI: 3%

~65 m²

+5 photos

ValuationUndervalued

Sold Prices	£262K - £931K
Sold Prices/m²	£4K/m² - £10K/m²

Square Metres	~65.10 m²
Price/m²	£5K/m²
Value Estimate	£390,000£390,000
BMV	20%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£81,250£81,250
Stamp Duty & Legal Fees	£23,700£23,700
Total Cash In	£104,950£104,950

Cash Out
Rent Range	£1,550 - £2,595£1,550 - £2,595
Rent Estimate	£1,569
Running Costs/mo	£1,349£1,349
Cashflow/mo	£220£220
Cashflow/yr	£2,635£2,635
ROI	3%3%
Gross Yield	6%6%

Local Sold Prices

50 sold prices from £262K to £931K, average is £420K. £4K/m² to £10K/m², average is £7K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£350K	10/20	0.04 mi	57, Basing Way, London, Greater London N3 3BP	£6,070	58	2	Flat
£325K	11/20	0.05 mi	120, Basing Way, London, Greater London N3 3DA	£5,417	60	2	Flat
£382.5K	03/23	0.07 mi	33, Amberden Avenue, London, Greater London N3 3DE	£6,217	62	2	Flat
£320K	12/22	0.07 mi	19, Amberden Avenue, London, Greater London N3 3DE	£5,614	57	2	Flat
£420K	12/20	0.23 mi	15, Orchard Avenue, London, Greater London N3 3NL	£6,971	60	2	Flat
£420K	12/20	0.23 mi	15, Orchard Avenue, London, Greater London N3 3NL	£6,971	60	2	Flat
£415K	02/24	0.25 mi	Cranbourne Court, Flat 3, Briar Close, London, Greater London N2 0SD	£6,103	68	2	Flat
£445K	03/23	0.25 mi	Flat 15, Cranbourne Court, Briar Close, London, Greater London N2 0SD	-	-	2	Flat
£931K	05/21	0.31 mi	93, Lichfield Grove, London, Greater London N3 2JL	£7,000	133	2	Flat
£575K	12/22	0.33 mi	10, Rosemary Avenue, London, Greater London N3 2QN	£9,274	62	2	Flat
£475K	12/22	0.34 mi	61, Beaufort Park, London, Greater London NW11 6BT	£6,250	76	2	Flat
£390K	03/21	0.36 mi	110, Beaufort Park, London, Greater London NW11 6BY	£5,396	72	2	Flat
£430K	09/23	0.36 mi	Flat 13, Ellerton Lodge, East End Road, London, Greater London N3 3QH	-	-	2	Flat
£385K	06/23	0.36 mi	Flat 24, Ellerton Lodge, East End Road, London, Greater London N3 3QH	-	-	2	Flat
£360K	01/23	0.38 mi	129, Beaufort Park, London, Greater London NW11 6BY	£4,045	89	2	Flat
£610K	01/21	0.38 mi	Flat 11, Mayflower Lodge, Regents Park Road, London, Greater London N3 3HU	-	-	2	Flat
£385K	05/24	0.38 mi	41, Beaufort Park, London, Greater London NW11 6BS	-	-	2	Flat
£400K	04/21	0.38 mi	47a, Lichfield Grove, London, Greater London N3 2JJ	-	-	2	Flat
£575K	10/22	0.39 mi	Flat 65, Mayflower Lodge, Regents Park Road, London, Greater London N3 3HX	-	-	2	Flat
£415K	09/21	0.39 mi	Flat 24, Derby Lodge, East End Road, London, Greater London N3 3QG	-	-	2	Flat
£380K	01/21	0.39 mi	Flat 6, Derby Lodge, East End Road, London, Greater London N3 3QG	-	-	2	Flat
£355K	02/23	0.39 mi	Flat 14, Derby Lodge, East End Road, London, Greater London N3 3QG	-	-	2	Flat
£463K	01/21	0.4 mi	1, Denison Close, London, Greater London N2 0JT	£8,123	57	2	Flat
£450K	06/21	0.4 mi	24, Denison Close, London, Greater London N2 0JT	£7,109	63	2	Flat
£358K	12/20	0.41 mi	134a, East End Road, London, Greater London N2 0RZ	£5,594	64	2	Flat
£420K	05/21	0.42 mi	27, Denison Close, London, Greater London N2 0JT	£6,176	68	2	Flat
£420K	05/21	0.42 mi	27, Denison Close, London, Greater London N2 0JT	£6,176	68	2	Flat
£431K	06/21	0.43 mi	40, Denison Close, London, Greater London N2 0JU	£6,734	64	2	Flat
£440K	06/21	0.43 mi	42, Denison Close, London, Greater London N2 0JU	£7,097	62	2	Flat
£495K	10/21	0.46 mi	40, Hill Top, London, Greater London NW11 6EE	£9,706	51	2	Flat
£440K	11/20	0.46 mi	190a, Squires Lane, London, Greater London N3 2QT	£6,769	65	2	Flat
£470K	11/20	0.46 mi	196, Squires Lane, London, Greater London N3 2QT	£7,705	61	2	Flat
£450K	03/21	0.46 mi	129, Ossulton Way, London, Greater London N2 0JS	£6,923	65	2	Flat
£555K	06/21	0.47 mi	Flat 17, Chessington Lodge, Regents Park Road, London, Greater London N3 3AA	-	-	2	Flat
£567.5K	11/22	0.47 mi	Flat 26, Chessington Lodge, Regents Park Road, London, Greater London N3 3AA	-	-	2	Flat
£262K	06/21	0.48 mi	Flat 2, Bibsworth Lodge, Bibsworth Road, London, Greater London N3 3RN	-	-	2	Flat
£262K	06/21	0.48 mi	Flat 2, Bibsworth Lodge, Bibsworth Road, London, Greater London N3 3RN	-	-	2	Flat
£407.5K	07/23	0.48 mi	Flat 3, Warwick Court, Ossulton Way, London, Greater London N2 0LG	-	-	2	Flat
£385K	10/20	0.49 mi	55, Addison Way, London, Greater London NW11 6AR	£8,953	43	2	Flat
£366K	01/21	0.49 mi	156a, East End Road, London, Greater London N2 0RY	£7,176	51	2	Flat
£455K	10/20	0.5 mi	Flat 1, Clifford Lodge, Bibsworth Road, London, Greater London N3 3RS	-	-	2	Flat
£400K	02/23	0.5 mi	26, Arden Road, London, Greater London N3 3AN	£8,000	50	2	Flat
£415K	10/20	0.51 mi	33, Addison Way, London, Greater London NW11 6AL	£8,646	48	2	Flat
£308K	08/23	0.52 mi	170d, Long Lane, London, Greater London N3 2RA	-	-	2	Flat
£415K	05/21	0.52 mi	Flat 12, Branksome Court, East End Road, London, Greater London N2 0RX	-	-	2	Flat
£410K	06/21	0.52 mi	Flat 6, Branksome Court, East End Road, London, Greater London N2 0RX	-	-	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
£560K	09/21	0.53 mi	52, Neale Close, London, Greater London N2 0LF	£10,036	56	2	Flat

Local Rents

50 rents from £1.6K/mo to £2.6K/mo, average is £1.8K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,700	05/24	0.04 mi	Basing Way, LONDON	2	Flat
£1,750	05/24	0.09 mi	Basing Way, LONDON	2	Flat
£1,850	08/24	0.09 mi	Basing Way, Finchley, N3	2	Flat
£1,550	07/24	0.11 mi	Kingsgate Avenue, London, N3	2	Flat
£1,550	07/24	0.11 mi	-	2	Flat
£2,595	10/24	0.14 mi	-	2	Flat
£2,250	05/24	0.18 mi	Orchard Avenue, Finchley, N3	2	Flat
£2,100	02/24	0.21 mi	-	2	House
£2,350	07/24	0.22 mi	Mountfield Road, Finchley, N3	2	Flat
£1,800	07/24	0.24 mi	Glenhill Close, Finchley, N3	2	Flat
£2,100	11/24	0.25 mi	-	2	Flat
£2,000	03/25	0.25 mi	-	2	Flat
£1,700	07/24	0.26 mi	East End Road, Finchley, N3	2	Flat
£2,100	08/24	0.29 mi	Cavendish Avenue, Finchley Central, London	2	Flat
£1,795	06/24	0.29 mi	-	2	Flat
£1,800	07/24	0.32 mi	Glenhill Close, Finchley, N3	2	Flat
£1,849	09/24	0.32 mi	-	2	Flat
£1,799	10/24	0.32 mi	-	2	Flat
£2,500	06/24	0.32 mi	Spencer Close, Finchley, N3	2	Flat
£1,750	07/24	0.33 mi	-	2	Flat
£1,800	04/25	0.33 mi	-	2	Flat
£1,600	06/24	0.33 mi	Mountfield Road, Finchley, N3	2	Flat
£2,050	07/24	0.33 mi	Stanhope Avenue, Finchley, N3	2	Flat
£1,950	06/24	0.34 mi	Station Road, Finchley, N3	2	Flat
£1,750	07/24	0.34 mi	Glenhill Close (MS075), Finchley. N3	2	Flat
£1,800	05/24	0.34 mi	Glenhill Close, Finchley, N3	2	Flat
£1,751	02/25	0.34 mi	-	2	Flat
£2,000	06/24	0.34 mi	Mountfield Road, Finchley	2	Flat
£1,925	02/25	0.35 mi	-	2	Flat
£2,200	05/24	0.35 mi	East End Road, London, N3	2	Flat
£2,200	03/25	0.35 mi	-	2	Flat
£1,800	03/25	0.36 mi	-	2	Flat
£2,500	07/24	0.36 mi	Edgewood Mews, London, N3	2	Flat
£2,500	09/24	0.36 mi	-	2	Flat
£2,200	02/25	0.36 mi	-	2	Flat
£1,800	05/24	0.36 mi	Glenhill Close, Finchley, N3	2	Flat
£1,700	03/25	0.36 mi	-	2	Flat
£1,800	05/24	0.37 mi	Holly Park, Finchley, London, N3	2	Flat
£1,700	05/24	0.37 mi	Station Road, Finchley	2	Flat
£1,800	09/24	0.37 mi	-	2	Flat
£2,000	08/24	0.38 mi	Station Road ,Finchley Central, N3	2	Flat
£1,950	05/24	0.38 mi	-	2	Flat
£1,750	03/25	0.38 mi	-	2	Flat
£1,800	06/24	0.38 mi	-	2	Flat
£1,800	06/24	0.38 mi	Regents Park Road, London, N3	2	Flat
£1,800	06/24	0.38 mi	Regents Park Road, London, N3	2	Flat
£2,200	05/24	0.38 mi	Regents Park Road, Finchley Central, N3	2	Flat
£2,000	12/24	0.38 mi	-	2	Flat
£1,850	11/24	0.39 mi	-	2	Flat
£2,100	06/24	0.39 mi	East End Road, London	2	Flat

Local Area Statistics

Population in N3	26,58426,584
Population in London	4,771,9214,771,921
Town centre distance	5.79 miles away5.79 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	0.52 miles away0.52 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 £325,000

March 28, 2025

Listed for £350,000

January 23, 2025

Floor Plans

Description

2 Double bedrooms +
Spacious reception/dining room +
Separate kitchen +
Integrated appliances +
Underfloor heating +
Modern bathroom +
Leasehold 173 years 11 months +
Service charge £1090 pa +
Ground rent peppercorn +
Off-street parking +

A spacious and modern two-bedroom apartment in a purpose-built block, conveniently located near transport links and amenities.

The property offers a bright living room, a separate fitted kitchen with integrated appliances, two double bedrooms, and a family bathroom.

Additional features include underfloor heating in the master bedroom, double glazing, off-street parking, communal gardens, and private storage space.

The Owners Love
"Underfloor heating in main bedroom"
"Stylish kitchen"
"Gym at the top of the road"
"Good schools within walking distance"

We've Noticed
Modern apartment.
Great location for schools.
Good sized apartment.

Agent Details

Martyn Gerrard, Finchley

020 3872 3468

Next Steps?

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

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2 Bed Flat, Single Let, London, N3 3BN, £325,000

ValuationUndervalued

CashflowsOpen in Analyser

Local Sold PricesDownload Show map

Local RentsDownload Show map

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Local Area Statistics

Property History

Floor Plans

Description

Agent Details

Next Steps?

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Local Sold Prices

Local Rents