2 Bed Flat, Single Let, London, N9 7BD, £270,000

Croyland Road n9, N9 7BD - 2 months ago

Sold STC

Leasehold

BTL

ROI: 5%

~56 m²

+6 photos

ValuationOvervalued

Sold Prices	£161.5K - £315K
Sold Prices/m²	£3.6K/m² - £6K/m²

Square Metres	~56.40 m²
Price/m²	£4.8K/m²
Value Estimate	£264,120£264,120

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£67,500£67,500
Stamp Duty & Legal Fees	£18,200£18,200
Total Cash In	£85,700£85,700

Cash Out
Rent Range	£1,500 - £2,200£1,500 - £2,200
Rent Estimate	£1,531
Running Costs/mo	£1,170£1,170
Cashflow/mo	£361£361
Cashflow/yr	£4,333£4,333
ROI	5%5%
Gross Yield	7%7%

Local Sold Prices

34 sold prices from £161.5K to £315K, average is £257.3K. £3.6K/m² to £6K/m², average is £4.7K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£226K	01/21	0.08 mi	124, Croyland Road, London, Greater London N9 7BD	£3,965	57	2	Flat
£262.5K	04/21	0.08 mi	62, Milestone Close, London, Greater London N9 9GA	£4,953	53	2	Flat
£273.5K	07/21	0.11 mi	17, Ruskin Walk, London, Greater London N9 9DT	£3,907	70	2	Flat
£280K	02/23	0.15 mi	89, Church Lane, London, Greater London N9 9QA	£4,000	70	2	Flat
£278K	10/22	0.18 mi	13, Sawyer Close, London, Greater London N9 9XP	£6,043	46	2	Flat
£303K	09/22	0.2 mi	17, Lichfield Road, London, Greater London N9 9HD	£5,203	58	2	Flat
£270K	12/22	0.2 mi	27, Beechwood Mews, London, Greater London N9 9XH	£4,762	57	2	Flat
£250K	09/23	0.2 mi	31, Beechwood Mews, London, Greater London N9 9XH	£4,545	55	2	Flat
£250K	01/21	0.2 mi	15, Beechwood Mews, London, Greater London N9 9XH	£4,604	54	2	Flat
£290K	03/23	0.2 mi	29, Beechwood Mews, London, Greater London N9 9XH	£5,257	55	2	Flat
£222.5K	10/20	0.22 mi	119, Croyland Road, London, Greater London N9 7BH	-	-	2	Flat
£258K	12/20	0.29 mi	21, All Saints Close, London, Greater London N9 9AT	£4,868	53	2	Flat
£280K	06/23	0.41 mi	Ground Floor Flat, 23, Arthur Road, London, Greater London N9 9AF	£3,636	77	2	Flat
£315K	10/23	0.49 mi	16a, Sunnyside Road North, London, Greater London N9 9SW	-	-	2	Flat
£262K	05/21	0.6 mi	Flat 4, Romany House, Beaconsfield Road, London, Greater London N9 0PY	-	-	2	Flat
£225K	09/22	0.63 mi	185b, Church Street, Edmonton, London, Greater London N9 9HL	-	-	2	Flat
£270K	09/22	0.64 mi	49, Pycroft Way, London, Greater London N9 9XU	£5,348	50	2	Flat
£260K	03/21	0.64 mi	53, Pycroft Way, London, Greater London N9 9XU	£4,906	53	2	Flat
£260K	12/22	0.67 mi	52, Pycroft Way, London, Greater London N9 9XY	£4,407	59	2	Flat
£247.5K	06/21	0.68 mi	21, Hennessy Road, London, Greater London N9 0XA	-	-	2	Flat
£240K	10/22	0.69 mi	6, Hennessy Road, London, Greater London N9 0XQ	-	-	2	Flat
£248K	06/21	0.69 mi	201, St Marys Road, Edmonton, London, Greater London N9 8NR	£3,992	62	2	Flat
£257K	10/22	0.7 mi	14, Hennessy Road, London, Greater London N9 0XQ	-	-	2	Flat
£240K	04/21	0.72 mi	30, Pentland Close, London, Greater London N9 0XN	£4,898	49	2	Flat
£240K	04/21	0.72 mi	30, Pentland Close, London, Greater London N9 0XN	£4,898	49	2	Flat
£257.5K	09/21	0.74 mi	42, Grilse Close, London, Greater London N9 0UU	£4,952	52	2	Flat
£225K	04/21	0.75 mi	32, Buxton Close, London, Greater London N9 0XL	-	-	2	Flat
£275K	03/22	0.8 mi	41, Jeremys Green, London, Greater London N18 2NB	£4,260	65	2	Flat
£253K	05/21	0.8 mi	35, Martin Close, London, Greater London N9 8UE	£3,953	64	2	Flat
£265K	07/22	0.8 mi	28, Herne Mews, London, Greater London N18 2QZ	-	-	2	Flat
£240K	10/23	0.81 mi	96, Hudson Way, Edmonton, London, Greater London N9 0XG	£4,444	54	2	Flat
£248K	05/21	0.81 mi	114, Hudson Way, London, Greater London N9 0XG	£4,206	59	2	Flat
£161.5K	06/21	0.83 mi	Flat 29, Churchill Court, Ainsley Close, Edmonton, London, Greater London N9 9XJ	-	-	2	Flat
£245K	02/22	0.99 mi	6, Inverness Road, London, Greater London N18 2EE	£5,000	49	2	Flat

Local Rents

45 rents from £1.5K/mo to £2.2K/mo, average is £1.8K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,650	12/24	0.06 mi	-	2	Flat
£1,650	02/25	0.06 mi	-	2	Flat
£1,550	06/24	0.06 mi	Washbourne Court, Acton Close, Edmonton, N9	2	Flat
£1,800	03/25	0.09 mi	-	2	Flat
£2,000	05/24	0.17 mi	-	2	Flat
£1,850	02/24	0.19 mi	Marlborough Road, Edmonton, N9	2	Terraced House
£1,900	07/24	0.19 mi	Marlborough Road, Edmonton, N9	2	Terraced House
£1,850	05/24	0.21 mi	-	2	Flat
£1,850	06/24	0.21 mi	-	2	Flat
£1,690	01/25	0.21 mi	-	2	Flat
£1,750	01/25	0.21 mi	-	2	Flat
£1,850	02/25	0.22 mi	-	2	Terraced House
£1,650	01/25	0.23 mi	-	2	Flat
£1,600	02/24	0.25 mi	-	2	Flat
£1,600	02/24	0.25 mi	-	2	Flat
£1,900	06/24	0.25 mi	South Road, London, N9	2	Semi-Detached House
£1,900	07/24	0.25 mi	South Road, London, N9	2	Semi-Detached House
£1,900	07/24	0.25 mi	South Road, London, N9	2	Semi-Detached House
£1,900	07/24	0.25 mi	-	2	Semi-Detached House
£1,795	03/25	0.27 mi	-	2	Flat
£1,795	05/24	0.27 mi	-	2	Flat
£1,795	05/24	0.27 mi	-	2	Flat
£1,800	03/25	0.28 mi	-	2	Flat
£1,695	05/24	0.28 mi	-	2	Flat
£1,600	07/24	0.3 mi	Flexistowe Road, London, N9	2	Flat
£1,600	07/24	0.3 mi	-	2	Flat
£1,650	06/24	0.35 mi	-	2	Flat
£1,700	05/24	0.36 mi	-	2	Flat
£1,800	12/24	0.38 mi	-	2	Terraced House
£1,850	07/24	0.38 mi	-	2	Flat
£1,700	06/24	0.4 mi	Arthur Road, Edmonton, N9	2	Flat
£1,900	01/25	0.4 mi	-	2	Flat
£1,900	02/25	0.4 mi	-	2	Flat
£1,700	03/25	0.4 mi	-	2	Flat
£1,900	06/24	0.45 mi	-	2	Flat
£1,850	01/25	0.49 mi	-	2	Terraced House
£1,950	07/24	0.49 mi	Town Road London N9	2	Terraced House
£1,900	07/24	0.5 mi	Doncaster Roads, Edmonton, N9	2	Terraced House
£1,800	03/25	0.5 mi	-	2	Terraced House
£1,800	07/24	0.55 mi	-	2	Flat
£1,850	03/25	0.57 mi	-	2	Flat
£2,200	01/25	0.6 mi	-	2	Terraced House
£1,500	01/25	0.6 mi	-	2	Flat
£1,950	02/24	0.61 mi	-	2	Terraced House
£1,650	03/25	0.61 mi	-	2	Flat

Local Area Statistics

Population in N9	51,42251,422
Population in London	4,771,9214,771,921
Town centre distance	7.19 miles away7.19 miles away
Nearest school	0.30 miles away0.30 miles away
Nearest train station	0.30 miles away0.30 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+26%+26%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+12%+12%

Property History

Listed for £270,000

January 24, 2025

Floor Plans

Description

CHAIN FREE!
999 YEAR LEASE UPON COMPLETION
FREEHOLD TITLE INCLUDED
NO SERVICE CHARGES
NO GROUND RENT

Situated on the first floor of a well-maintained building on Croyland Road, N9, this beautifully presented two-bedroom property combines modern living with exceptional convenience. The spacious lounge offers a bright and welcoming space, perfect for both relaxation and entertaining. The stylishly designed kitchen is fully fitted with contemporary appliances, while the sleek and modern bathroom features high-quality fittings to ensure comfort and functionality.

Our vendor has advised that the property will come with a BRAND NEW 999 YEAR LEASE upon completion, offering long-term security and peace of mind. The property sale also benefits from the FREEHOLD title inclusive, with no service charges or ground rent, making it a highly cost-effective option.

This home is ideally positioned with excellent transport links, located approximately 0.5 miles from Edmonton Green Station, offering direct access to London Liverpool Street. Silver Street Station is 1.2 miles away, and Northumberland Park Station is 1.3 miles from the property. Edmonton Green Bus Station is also conveniently close, providing excellent connectivity for daily commuting.

Local amenities include the nearby Edmonton Green Shopping Centre, which is within walking distance and offers a variety of shops and services. For outdoor leisure, Pymmes Park and Jubilee Park are both in close proximity, providing beautiful green spaces for relaxation and recreation.

This first-floor property, with its modern features, excellent transport connections, and proximity to shopping and parks, presents an outstanding opportunity for those seeking a comfortable and well-connected lifestyle in the N9 area.

Call now on to arrange your viewing to avoid missing out!!!

Agent Details

Target Property, Cheshunt

020 3897 0869

Next Steps?

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

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ValuationOvervalued

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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Cashflows

Local Sold Prices

Local Rents