3 Bed Terraced House, Refurb/BRRR, Enfield, EN3 7HS, £425,000

Shaftesbury Avenue, Enfield, Greater London, EN3 7HS - 3 views - 3 months ago

Sold STC
Refurb/BRRR
ROI: 1%
~93 m²
+11 photos

ValuationFair Value

Sold Prices£300K - £607K
Sold Prices/m²£3.3K/m² - £7.3K/m²

 

 

Square Metres

~93 m²
Price/m²£4.6K/m²

Value Estimate

£425,000

 

 

End Value (After Refurb)

£436,640

Uplift in Value

+3%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£106,250

Stamp Duty & Legal Fees

£22,700

Refurb Costs

£49,200

Bridging Loan Interest

£11,156

Total Cash In

£191,056

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£436,640

Mortgage (After Refinance)

£327,480

Mortgage LTV

75%

Cash Released

£8,730

Cash Left In

£182,326

Equity

£109,160

Rent Range

£1,700 - £2,600

Rent Estimate

£2,025

Running Costs/mo

£1,789

Cashflow/mo

£236

Cashflow/yr

£2,826

ROI

1%

Gross Yield

6%

Local Sold Prices

50 sold prices from £300K to £607K, average is £412.5K. £3.3K/m² to £7.3K/m², average is £5.2K/m².

PriceDateDistanceAddressBeds 
£607K11/220.07 mi3, Ashford Crescent, Enfield, Greater London EN3 7HU3
£418K06/230.11 mi10, Westmoor Road, Enfield, Greater London EN3 7LE3
£410K11/210.12 mi3, Westmoor Road, Enfield, Greater London EN3 7LE3
£450K11/220.12 mi4, Frederick Crescent, Enfield, Greater London EN3 7HH3
£515K11/210.14 mi35, Mayfield Road, Enfield, Greater London EN3 7LS3
£450K02/230.15 mi5, Mayfield Road, Enfield, Greater London EN3 7LS3
£355K12/200.15 mi10, Ashley Road, Enfield, Greater London EN3 7JT3
£393.5K12/200.18 mi62, Carterhatch Road, Enfield, Greater London EN3 5LT3
£500K12/200.18 mi154, Carterhatch Road, Enfield, Greater London EN3 5LX3
£405K01/210.21 mi20, Westmoor Gardens, Enfield, Greater London EN3 7LQ3
£465K11/220.21 mi228, Green Street, Enfield, Greater London EN3 7NB3
£425K11/220.23 mi41, Oatlands Road, Enfield, Greater London EN3 5LL3
£300K05/210.23 mi11, Carterhatch Road, Enfield, Greater London EN3 5LS3
£415K08/230.23 mi37, Carterhatch Road, Enfield, Greater London EN3 5LS3
£465K02/230.24 mi234, Green Street, Enfield, Greater London EN3 7NB3
£445K02/210.26 mi2, Logan Close, Enfield, Greater London EN3 5NL3
£410K01/210.27 mi19, Ian Square, Enfield, Greater London EN3 5ND3
£360K03/210.27 mi216, Carterhatch Road, Enfield, Greater London EN3 5EB3
£505K06/210.27 mi44, Ambleside Crescent, Enfield, Greater London EN3 7LY3
£503K12/220.27 mi31, Lansbury Road, Enfield, Greater London EN3 5NB3
£377K02/210.28 mi177, Carterhatch Road, Enfield, Greater London EN3 5EB3
£400K10/220.28 mi177, Carterhatch Road, Enfield, Greater London EN3 5EB3
£470K06/210.28 mi206, Carterhatch Road, Enfield, Greater London EN3 5LZ3
£345K03/210.28 mi24, Sherborne Avenue, Enfield, Greater London EN3 5BW3
£410K12/220.29 mi22, Brick Lane, Enfield, Greater London EN3 5BA3
£410K05/210.29 mi18, Platts Road, Enfield, Greater London EN3 5NA3
£408K11/200.29 mi2, Orchardleigh Avenue, Enfield, Greater London EN3 5BE3
£530K07/220.3 mi46, Orchardleigh Avenue, Enfield, Greater London EN3 5BE3
£427K07/230.31 mi22, Lombard Avenue, Enfield, Greater London EN3 5LN3
£355K04/210.33 mi20, Shaw Road, Enfield, Greater London EN3 5NE3
£410K03/210.34 mi31, Goldsdown Road, Enfield, Greater London EN3 7QZ3
£382.5K12/200.35 mi31, Barnard Road, Enfield, Greater London EN1 3QA3
£382.5K12/200.35 mi31, Barnard Road, Enfield, Greater London EN1 3QA3
£441.5K05/230.37 mi19, Greenwood Avenue, Enfield, Greater London EN3 5DN3
£403.5K12/200.37 mi11, Mapleton Road, Enfield, Greater London EN1 3PE3
£385K08/210.37 mi16, Mapleton Road, Enfield, Greater London EN1 3PE3
£482K04/230.39 mi88, Hertford Road, Enfield, Greater London EN3 5AL3
£425K04/230.39 mi489, Alma Road, Enfield, Greater London EN3 7RT3
£510K06/210.39 mi467, Alma Road, Enfield, Greater London EN3 7RT3
£442K06/210.4 mi257, Carterhatch Road, Enfield, Greater London EN3 5ED3
£485K12/200.4 mi19, Exeter Road, Enfield, Greater London EN3 7TN3
£485K01/230.43 mi69, Greenwood Avenue, Enfield, Greater London EN3 5DU3
£365.5K02/210.43 mi13, Hammond Road, Enfield, Greater London EN1 3PD3
£465K11/220.44 mi12, Cowland Avenue, Enfield, Greater London EN3 7DX3
£380K03/210.44 mi297, Carterhatch Road, Enfield, Greater London EN3 5DG3
£402K03/210.44 mi285, Carterhatch Road, Enfield, Greater London EN3 5DG3
£510K07/220.44 mi18, Leyland Avenue, Enfield, Greater London EN3 5DH3
£395K03/210.44 mi25, Fouracres, Enfield, Greater London EN3 5DR3
£410K06/210.45 mi46, Albany Park Avenue, Enfield, Greater London EN3 5NU3
£375K09/210.45 mi17, Broadfield Square, Enfield, Greater London EN1 3PA3

Local Rents

27 rents from £1.7K/mo to £2.6K/mo, average is £2.1K/mo.

RentDateDistanceAddressBeds 
£2,25004/240.18 miCarterhatch Road3
£1,80004/240.22 miBowood Road, EN33
£1,99503/250.23 mi-3
£2,15004/250.23 mi-3
£1,99504/250.23 mi-3
£1,95003/240.23 miWestmoor Gardens, Enfield3
£2,30004/250.26 mi-3
£1,70003/240.27 mi-3
£2,37504/240.28 miCarterhatch Road, Enfield, Greater London, EN3 5EA3
£2,10004/240.29 mi-3
£2,30002/250.37 mi-3
£2,30004/250.37 mi-3
£2,40002/250.37 mi-3
£2,20003/240.37 miMapleton Road, Enfield, Middlesex, EN13
£1,85003/240.39 miThe Sunny Road, Enfield Highway, EN33
£2,10004/250.39 mi-3
£2,60003/250.47 mi-3
£2,40004/250.47 mi-3
£2,10003/240.49 miElmore Road,3
£1,90003/240.5 miBrimsdown Avenue, Enfield3
£2,20004/240.51 miTenby Road, Enfield, Middlesex, EN33
£2,50004/250.54 mi-3
£2,50003/240.56 miStoneleigh Avenue, Enfield, EN13
£1,90011/240.58 mi-3
£2,30004/250.58 mi-3
£1,75004/240.62 mi-3
£1,80012/240.62 mi-3

Local Area Statistics

Population in EN3

55,687

Population in Enfield

130,248

Town centre distance

2.42 miles away

Nearest school

0.10 miles away

Nearest train station

0.54 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+5%

Sales demand

Seller's market

Capital growth (5yrs)

+20%

Property History

Listed for £425,000

January 27, 2025

Floor Plans

Description

  • Potential to Extend STPP +
  • In Need of Modernisation +
  • Garden to Rear +
  • Open Plan Kitchen/Diner +
  • Walking Distance to Brimsdown BR Station +
  • Easy Access to A10 & M25 +
  • Easy Reach of Schools, Bus Routes & Shops +
  • Potential for Off Street Parking STPP +

Christopher Stokes are delighted to offer this Three Bedroom Terraced House situated in Enfield. This Ideal First Time Purchase is in Need of Modernisation and has the Potential for Off Street Parking and to be Extended to the Rear STPP. Benefits Include an Open Plan Kitchen/Diner, Garden to Rear and is conveniently situated within Walking Distance to Brimsdown BR Station, Shops, Durants Park, Bishop Stopford's C of E Secondary School & Brimsdown Primary School.

Ground Floor Reception Room - 3.88m x 3.51m Kitchen/Diner - 5.61m x 2.70m Garden

First Floor Bedroom - 3.63m x 3.58m Bedroom - 3.63m x 2.73m Bedroom - 1.97m x 1.92m Bathroom - 1.97m x 1.70m

Agent Details

Christopher Stokes, Cheshunt

01992 662165

Next Steps?

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