2 Bed Flat, Single Let, Enfield, EN3 6WF, £275,000

Bren Court, Colgate Place, EN3 6WF - 4 views - 2 months ago

Sold STC
Leasehold
BTL
ROI: 7%
~68 m²
+5 photos

ValuationUndervalued

Sold Prices£193.7K - £307K
Sold Prices/m²£3.9K/m² - £5.7K/m²

 

 

Square Metres

~68.11 m²
Price/m²£4K/m²

Value Estimate

£327,512
BMV19%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£68,750

Stamp Duty & Legal Fees

£10,700

Total Cash In

£79,450

 

 

Cash Out

 

Rent Range

£1,450 - £1,950

Rent Estimate

£1,650

Running Costs/mo

£1,209

Cashflow/mo

£441

Cashflow/yr

£5,288

ROI

7%

Gross Yield

7%

Local Sold Prices

23 sold prices from £193.7K to £307K, average is £250K. £3.9K/m² to £5.7K/m², average is £4.9K/m².

PriceDateDistanceAddressBeds 
£220K01/230.04 mi36, Fisher Close, Enfield, Greater London EN3 6WQ2
£262K03/230.11 mi10, Colt Mews, Enfield, Greater London EN3 6YH2
£193.7K11/200.12 mi3, Polsten Mews, Enfield, Greater London EN3 6YF2
£293K11/220.12 mi5, Aldis Mews, Enfield, Greater London EN3 6YE2
£285K07/230.18 mi9, Harston Drive, Enfield, Greater London EN3 6GG2
£245K10/210.23 mi34, Shepley Mews, Enfield, Greater London EN3 6JP2
£235K02/230.45 mi64, Bridle Close, Enfield, Greater London EN3 6EB2
£227.5K12/200.46 mi60, Bridle Close, Enfield, Greater London EN3 6EB2
£270K02/210.46 mi65, Bridle Close, Enfield, Greater London EN3 6EB2
£226K02/210.5 mi30, Bridle Close, Enfield, Greater London EN3 6EA2
£285K08/230.5 mi20, Bridle Close, Enfield, Greater London EN3 6EA2
£236K03/210.5 mi21, Bridle Close, Enfield, Greater London EN3 6EA2
£234.5K03/210.5 mi42, Bridle Close, Enfield, Greater London EN3 6EA2
£234.5K03/210.5 mi42, Bridle Close, Enfield, Greater London EN3 6EA2
£285K10/200.69 mi2, Greenwich Way, Waltham Abbey, Essex EN9 3YB2
£285K01/210.78 mi167, Ordnance Road, Enfield, Greater London EN3 6AD2
£250K03/230.81 mi126b, Ordnance Road, Enfield, Greater London EN3 6BU2
£250K12/220.81 mi120b, Ordnance Road, Enfield, Greater London EN3 6BU2
£307K08/220.87 mi11, Burrows Chase, Waltham Abbey, Essex EN9 3YX2
£307K10/220.87 mi22, Burrows Chase, Waltham Abbey, Essex EN9 3YX2
£300K04/230.91 mi40a, Allandale Road, Enfield, Greater London EN3 6SB2
£250K10/200.94 mi113, Cunningham Avenue, Enfield, Greater London EN3 6LA2
£250K10/200.96 mi113, Cunningham Avenue, Enfield, Greater London EN3 6LA2

Local Rents

24 rents from £1.4K/mo to £1.9K/mo, average is £1.7K/mo.

RentDateDistanceAddressBeds 
£1,60005/240 miBren Court, 2 Colgate Place, Enfield, Greater London, EN3 6WF2
£1,45005/240.01 miTreeby Court, George Lovell Drive, Enfield, EN32
£1,60003/240.02 miColgate Place, Bren Court, EN32
£1,50003/240.05 miFisher Close, Enfield Island Village2
£1,60003/240.05 miWebley Court, Enfield, EN32
£1,60011/240.05 mi-2
£1,57505/240.07 miManton Road, Enfield, Middlesex, EN32
£1,60012/230.1 mi-2
£1,80004/240.1 miManton Road, Enfield2
£1,70005/240.1 miManton Road, Enfield2
£1,70003/240.2 miKing Henrys Mews, Enfield2
£1,85003/240.21 miBenson Court, Enfield, EN32
£1,85003/240.21 mi-2
£1,50004/240.22 miShepley Mews, Enfield2
£1,75005/240.27 miSoper Mews, EN32
£1,85005/240.28 mi-2
£1,50005/240.34 miVelocity Way, Franklin House, EN32
£1,69511/230.36 mi-2
£1,85002/250.4 mi-2
£1,85001/250.4 mi-2
£1,80003/240.59 miChristie Road,Waltham Abbey, Essex2
£1,95004/240.6 mi-2
£1,95003/240.6 mi-2
£1,60003/240.61 miElement House, 74 Tysoe Avenue, Enfield, Greater London, EN3 6FG2

Local Area Statistics

Population in EN3

55,687

Population in Enfield

130,248

Town centre distance

3.85 miles away

Nearest school

0.40 miles away

Nearest train station

0.61 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+5%

Sales demand

Seller's market

Capital growth (5yrs)

+20%

Property History

Listed for £275,000

January 29, 2025

Floor Plans

Description

  • Nfopp accredited agents and ceMAP mortgage advisors +
  • Two Bedroom Purpose Built Apartment +
  • Two Spacious Bedrooms +
  • En-Suite Via Bedroom One +
  • An Ideal Buy to let Opportunity +
  • Close Proximity to Enfield Lock Train Station +
  • Great Access into Tottenham Hale & London Liverpool Street +
  • Communal Grounds, Gardens & Parking +
  • Chain Free Property +
  • Council Band D and EPC Band C +

Kings Group offer a charming CHAIN FREE ground-floor property located in the desirable Enfield Island Village. This purpose-built flat boasts a spacious 640 sq ft of living space.
Upon entering, you are greeted by a welcoming reception room, ideal for entertaining guests The property features two well-appointed bedrooms and two bathrooms, providing ample space for a small family, guests, or even a home office.

Situated in a private estate with a parking area for local residents, this property not only offers security but also a sense of community. The inclusion of water in the service charge adds to the convenience of living here, making budgeting a little easier.

Conveniently located near Enfield Lock, Brimsdown, and Waltham Cross stations, commuting to London for work or leisure is a breeze. Additionally, the property benefits from its own estate shopping area, providing easy access to daily essentials without the need to travel far.

BUYERS INFORMATION
To conform with government Money Laundering Regulations 2019, we are required to confirm the identity of all prospective buyers. We use the services of a third party, Lifetime Legal, who will contact you directly at an agreed time to do this. They will need the full name, date of birth and current address of all buyers. There is a nominal charge of £50 plus VAT for this (for the transaction not per person), payable direct to Lifetime Legal. Please note, we are unable to issue a memorandum of sale until the checks are complete.

Lease 161 Years
Potential rental income PA £19,800-£20,500PA
Service Charge including Water bill £1682.04
Buildings insurance PA £361.38
Private Estate PA £300
Standard Construction
Flood risk Low
Council band D
EPC band C

Agent Details

Kings Group, Enfield Highway

020 3879 5588

Next Steps?

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