2 Bed Flat, Refurb/BRRR, London, N17 0LY, £240,000

Baronet Road, London, N17 0LY - 27 views - 3 months ago

Under Offer

Leasehold

Cash

Refurb/BRRR

ROI: 3%

~68 m²

+7 photos

ValuationFair Value

Sold Prices	£120K - £540K
Sold Prices/m²	£2K/m² - £8.3K/m²

Square Metres	~68.11 m²
Price/m²	£3.5K/m²
Value Estimate	£240,000£240,000

End Value (After Refurb)	£402,858£402,858
Uplift in Value	+68%+68%
You could potentially get back more cash than you put into this deal. All your cash out plus £9,661 extra. See the breakdown

Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (25%)	£60,000£60,000
Stamp Duty & Legal Fees	£8,400£8,400
Refurb Costs	£36,033£36,033
Bridging Loan Interest	£6,300£6,300
Total Cash In	£112,483£112,483

Cash Out
Monetisation	FlipRefinance & RentFlip
Estimated Sale Price	£402,858£402,858
Agent Fees (1%)	£4,029£4,029
Bridging Loan	£180,000£180,000
Bridging Loan Interest	£6,300£6,300
Flip Profit	£106,347£106,347

Local Sold Prices

50 sold prices from £120K to £540K, average is £323.5K. £2K/m² to £8.3K/m², average is £5.2K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£274K	03/23	0.16 mi	10, Park Lane Close, London, Greater London N17 0HL	£4,281	64	2	Flat
£262K	03/21	0.18 mi	40, Siddons Road, London, Greater London N17 9UT	£4,596	57	2	Flat
£400K	11/22	0.18 mi	46, Siddons Road, London, Greater London N17 9UT	-	-	2	Flat
£245K	03/21	0.28 mi	Flat 14, Corbridge House, Northumberland Park, London, Greater London N17 0QE	-	-	2	Flat
£321K	06/21	0.29 mi	28, Gascoigne Close, London, Greater London N17 8BA	£5,350	60	2	Flat
£335K	06/21	0.3 mi	157, Shelbourne Road, London, Greater London N17 9YD	-	-	2	Flat
£326K	06/21	0.3 mi	161a, Shelbourne Road, London, Greater London N17 9YD	£5,344	61	2	Flat
£285K	07/23	0.3 mi	Flat 3, Whittingham House, Northumberland Park, London, Greater London N17 0QG	£3,958	72	2	Flat
£415K	04/23	0.34 mi	52, Pembury Road, London, Greater London N17 8LY	-	-	2	Flat
£342K	02/23	0.37 mi	123, Northumberland Park, London, Greater London N17 0TL	£6,333	54	2	Flat
£285K	11/22	0.38 mi	1, Taylor Close, London, Greater London N17 0UB	£4,914	58	2	Flat
£307K	03/21	0.41 mi	69, Northumberland Park, London, Greater London N17 0TG	£6,532	47	2	Flat
£320K	04/23	0.5 mi	25b, Forest Gardens, London, Greater London N17 6XA	-	-	2	Flat
£380K	12/22	0.56 mi	First Floor Flat, 42, Bruce Grove, London, Greater London N17 6RN	£5,672	67	2	Flat
£270K	03/21	0.56 mi	27, Reed Road, London, Greater London N17 9BU	-	-	2	Flat
£179K	12/21	0.56 mi	5, Reed Road, London, Greater London N17 9BU	£2,995	60	2	Flat
£370K	05/21	0.59 mi	3b, Radley Road, London, Greater London N17 6RH	£6,379	58	2	Flat
£365K	06/21	0.6 mi	4b, Linley Road, London, Greater London N17 6RP	-	-	2	Flat
£300K	06/21	0.61 mi	106, Middleham Road, London, Greater London N18 2SD	£5,882	51	2	Flat
£290K	11/22	0.62 mi	Flat 46, Somerset Hall, Creighton Road, London, Greater London N17 8SH	-	-	2	Flat
£275K	11/20	0.64 mi	Flat 55, Somerset Hall, Creighton Road, London, Greater London N17 8SH	-	-	2	Flat
£320K	08/21	0.64 mi	Flat 37, Somerset Hall, Creighton Road, London, Greater London N17 8SH	-	-	2	Flat
£540K	06/23	0.66 mi	Flat Left, 18, Sperling Road, London, Greater London N17 6UH	-	-	2	Flat
£375K	06/23	0.66 mi	Flat 9, Gaven House, Broadwater Road, London, Greater London N17 6JB	-	-	2	Flat
£374K	03/21	0.67 mi	28b, The Avenue, Tottenham, London, Greater London N17 6TD	-	-	2	Flat
£491K	06/23	0.67 mi	14, The Avenue, Tottenham, London, Greater London N17 6TD	£8,322	59	2	Flat
£341K	01/23	0.7 mi	21, Chesnut Grove, London, Greater London N17 9ET	£5,246	65	2	Flat
£310K	04/21	0.7 mi	17, Academia Way, London, Greater London N17 8HE	£4,559	68	2	Flat
£358K	12/20	0.73 mi	20a, Chandos Road, London, Greater London N17 6HN	£5,683	63	2	Flat
£348K	03/21	0.76 mi	59b, Steele Road, London, Greater London N17 6YJ	-	-	2	Flat
£385K	10/23	0.76 mi	53, Steele Road, London, Greater London N17 6YJ	-	-	2	Flat
£391K	02/23	0.76 mi	103, Steele Road, London, Greater London N17 6YJ	-	-	2	Flat
£348K	03/21	0.76 mi	59b, Steele Road, London, Greater London N17 6YJ	-	-	2	Flat
£360.3K	01/21	0.76 mi	63a, Steele Road, London, Greater London N17 6YJ	-	-	2	Flat
£316K	02/21	0.77 mi	100, Napier Road, London, Greater London N17 6YH	-	-	2	Flat
£400K	11/22	0.77 mi	Ground Floor Flat, 31, Drayton Road, London, Greater London N17 6HJ	£7,547	53	2	Flat
£400K	05/23	0.79 mi	Flat 51, Kingfisher Heights, Waterside Way, London, Greater London N17 9GL	-	-	2	Flat
£345K	03/21	0.79 mi	110a, The Avenue, Tottenham, London, Greater London N17 6TG	-	-	2	Flat
£120K	08/23	0.79 mi	20, Steele Road, London, Greater London N17 6YA	£2,024	59	2	Flat
£440K	01/23	0.83 mi	Flat 15, Merlin Heights, Waterside Way, London, Greater London N17 9GD	-	-	2	Flat
£428K	05/23	0.83 mi	Flat 16, Merlin Heights, Waterside Way, London, Greater London N17 9GD	-	-	2	Flat
£202.7K	10/21	0.85 mi	Flat 15, Martlesham, Adams Road, London, Greater London N17 6HT	-	-	2	Flat
£233K	02/22	0.87 mi	Flat 7, Bridport House, Colyton Way, London, Greater London N18 2XJ	-	-	2	Flat
£360K	06/23	0.87 mi	53, Riverhead Close, Walthamstow, London, Greater London E17 5PY	-	-	2	Flat
£275K	04/23	0.89 mi	26, Culpepper Close, London, Greater London N18 2DZ	£4,661	59	2	Flat
£270K	03/23	0.89 mi	12, Culpepper Close, London, Greater London N18 2DZ	£4,091	66	2	Flat
£266K	12/21	0.89 mi	70, Leopold Road, London, Greater London N18 2HX	£5,216	51	2	Flat
£260K	04/21	0.89 mi	46, Leopold Road, London, Greater London N18 2EW	£4,409	59	2	Flat
£270K	11/21	0.9 mi	50, Leopold Road, London, Greater London N18 2HX	-	-	2	Flat
£310K	03/21	0.91 mi	70, Ranelagh Road, London, Greater London N17 6XU	-	-	2	Flat

Local Rents

52 rents from £1.5K/mo to £3K/mo, average is £1.9K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,900	12/24	0.04 mi	-	2	Flat
£1,900	03/25	0.07 mi	-	2	Flat
£1,700	05/24	0.11 mi	Lansdowne Road, Tottenham, North london, N17	2	Flat
£1,700	01/24	0.11 mi	-	2	Flat
£1,850	02/24	0.13 mi	-	2	Flat
£1,850	02/24	0.13 mi	-	2	Flat
£1,850	02/24	0.13 mi	-	2	Flat
£1,550	05/24	0.13 mi	Park Lane, TOTTENHAM, N17	2	Flat
£2,000	06/24	0.13 mi	Lansdowne Rd, London, N17	2	Flat
£1,650	06/24	0.13 mi	Park Lane, Tottenham, London, N17	2	Flat
£2,000	04/25	0.14 mi	-	2	Flat
£2,000	03/25	0.14 mi	-	2	Flat
£1,995	04/25	0.15 mi	-	2	Flat
£1,980	04/25	0.15 mi	-	2	Flat
£1,995	04/25	0.16 mi	-	2	Flat
£1,700	05/24	0.16 mi	Denmark Street, London, N17	2	Flat
£2,200	04/25	0.16 mi	-	2	Flat
£1,700	02/24	0.17 mi	-	2	Flat
£1,700	02/24	0.17 mi	-	2	Flat
£1,700	05/24	0.17 mi	-	2	Flat
£1,850	05/24	0.17 mi	Lansdowne Road, Tottenham, N17	2	Flat
£1,900	06/24	0.19 mi	Lansdowne Road, Ground Floor, N17	2	Flat
£2,100	12/24	0.19 mi	Wycombe Road, Tottenham Hale, N17 9XN	2	Terraced House
£2,100	12/24	0.2 mi	-	2	Terraced House
£2,000	05/24	0.22 mi	Lansdowne Road, Tottenham, London	2	Flat
£1,800	06/24	0.23 mi	Briaris Close, N17, Tottenham, London, N17	2	Flat
£1,999	04/25	0.23 mi	-	2	Terraced House
£3,000	05/24	0.3 mi	-	2	Flat
£1,900	01/25	0.31 mi	-	2	Flat
£1,500	03/25	0.31 mi	-	2	Flat
£1,850	02/25	0.32 mi	-	2	Flat
£1,662	05/24	0.33 mi	Trulock Road, Tottenham, London, N17	2	Flat
£1,750	06/24	0.33 mi	Trulock Road, Tottenham, London, N17	2	Flat
£1,650	03/24	0.33 mi	Seymour Avenue, Tottenham, N17	2	Flat
£1,750	06/24	0.33 mi	-	2	Flat
£2,250	05/24	0.33 mi	-	2	Flat
£1,995	04/25	0.34 mi	-	2	Flat
£1,995	04/25	0.34 mi	-	2	Flat
£1,900	01/25	0.35 mi	-	2	Flat
£2,000	04/25	0.35 mi	-	2	Flat
£1,850	06/24	0.35 mi	Seymour Avenue, London, N17	2	Terraced House
£1,800	05/24	0.35 mi	Trulock Road, Northumberland Park, Tottenham, London, N17	2	Terraced House
£2,400	04/25	0.36 mi	-	2	Flat
£1,950	01/25	0.37 mi	-	2	Flat
£1,700	05/24	0.38 mi	Thackeray Avenue, Tottenham, London, N17	2	Terraced House
£2,495	02/25	0.4 mi	-	2	Bungalow
£2,495	01/25	0.4 mi	-	2	Bungalow
£2,395	02/25	0.4 mi	-	2	Bungalow
£2,345	02/25	0.4 mi	-	2	Bungalow
£2,345	02/25	0.4 mi	-	2	Bungalow
£2,345	02/25	0.4 mi	-	2	Bungalow
£2,195	03/25	0.4 mi	-	2	Bungalow

Local Area Statistics

Population in N17	62,84362,843
Population in London	4,771,9214,771,921
Town centre distance	5.34 miles away5.34 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.31 miles away0.31 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+3%+3%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+14%+14%

Property History

Listed for £240,000

January 30, 2025

Floor Plans

Description

Approx. 686 sq ft of internal accommodation +
Cash buyers only +
Two sizeable bedrooms +
Ground floor Victorian conversion +
EPC Rating: D +
Spacious living room +
Lease remaining 62 years +
Requires modernisation +
No onward chain +
Located within a short walk of Northumberland Park Station & Tottenham High Road +

Cash Buyers Only

Tilson & Spencer are delighted to present this spacious two-bedroom, ground-floor Victorian conversion, offering excellent potential for modernisation.

This charming property provides a fantastic opportunity for buyers looking to refurbish and tailor a home to their individual taste.

Situated in a sought-after residential area, the flat features two generously sized double bedrooms, ensuring ample living space. A bright and airy reception room with a characterful bay window creates a welcoming atmosphere for relaxation and entertaining.

The property also includes a three-piece family bathroom and a fitted kitchen, both of which would benefit from updating. Additionally, a private rear garden offers the perfect outdoor retreat.

Ideally located just moments from Tottenham's ongoing regeneration, the property is well-positioned for future growth. It is within easy reach of White Hart Lane, Bruce Grove, Northumberland Park, and Meridian Water stations, providing excellent transport links to Central London. With local shops, amenities, and schools nearby, this property is a fantastic opportunity for homebuyers and investors alike.

Agent Details

Tilson & Spencer, Tottenham

020 3910 6348

Next Steps?

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

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ValuationFair Value

Investment OpportunityOpen in Analyser

Local Sold PricesDownload Show map

Local RentsDownload Show map

Links

Local Area Statistics

Property History

Floor Plans

Description

Agent Details

Next Steps?

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Investment Opportunity

Local Sold Prices

Local Rents