3 Bed Flat, Single Let, London, N18 2LP, £250,000

Cavendish Close, London, N18 2LP - 2 months ago

BTL

ROI: 9%

~88 m²

+10 photos

ValuationUndervalued

Sold Prices	£208K - £580K
Sold Prices/m²	£2.5K/m² - £10.3K/m²

Square Metres	~87.70 m²
Price/m²	£2.9K/m²
Value Estimate	£300,000£300,000
BMV	20%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£62,500£62,500
Stamp Duty & Legal Fees	£13,700£13,700
Total Cash In	£76,200£76,200

Cash Out
Rent Range	£1,900 - £2,700£1,900 - £2,700
Rent Estimate	£1,700
Running Costs/mo	£1,141£1,141
Cashflow/mo	£559£559
Cashflow/yr	£6,705£6,705
ROI	9%9%
Gross Yield	8%8%

Local Sold Prices

32 sold prices from £208K to £580K, average is £329K. £2.5K/m² to £10.3K/m², average is £4.6K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£300K	11/20	0.43 mi	26, Folkestone Road, London, Greater London N18 2EN	£3,571	84	3	Flat
£330K	08/22	0.72 mi	182, Langhedge Lane, London, Greater London N18 2TJ	-	-	3	Flat
£300K	12/20	0.78 mi	153a, Victoria Road, London, Greater London N9 9BA	£3,659	82	3	Flat
£302K	12/21	0.84 mi	6, Dorrit Mews, London, Greater London N18 1PB	£3,922	77	3	Flat
£268K	03/21	0.92 mi	60, Osward Place, London, Greater London N9 7EF	£3,116	86	3	Flat
£208K	06/23	0.92 mi	64, Osward Place, London, Greater London N9 7EF	£2,476	84	3	Flat
£283K	04/23	0.94 mi	29, Copperfield Mews, London, Greater London N18 1PE	£3,291	86	3	Flat
£295K	10/20	0.98 mi	119, Bounces Road, London, Greater London N9 8LJ	£4,155	71	3	Flat
£283K	02/21	0.98 mi	209, Bounces Road, London, Greater London N9 8LL	£3,369	84	3	Flat
£305K	10/23	0.98 mi	205, Bounces Road, London, Greater London N9 8LL	£3,427	89	3	Flat
£270K	11/20	1 mi	275, Bounces Road, London, Greater London N9 8LP	£2,967	91	3	Flat
£475K	01/21	1.08 mi	113, Lansdowne Road, London, Greater London N17 0NN	£5,655	84	3	Flat
£335K	11/23	1.14 mi	50, Picketts Lock Lane, London, Greater London N9 0AX	-	-	3	Flat
£328K	11/21	1.16 mi	137a, Church Street, London, Greater London N9 9RN	£10,250	32	3	Flat
£465K	07/22	1.33 mi	46, Rugby Avenue, London, Greater London N9 9EP	-	-	3	Flat
£299.9K	06/21	1.46 mi	7a, Causeyware Road, Edmonton, London, Greater London N9 8BP	-	-	3	Flat
£275K	03/21	1.56 mi	60, Old Church Road, London, Greater London E4 8DB	£2,835	97	3	Flat
£272.5K	05/21	1.56 mi	64, Old Church Road, London, Greater London E4 8DB	£3,119	87	3	Flat
£416K	08/21	1.63 mi	10a, Claremont Road, London, Greater London E17 5RJ	£7,235	58	3	Flat
£500K	03/21	1.65 mi	44, North Countess Road, London, Greater London E17 5HT	£7,143	70	3	Flat
£522K	01/23	1.66 mi	56, North Countess Road, London, Greater London E17 5HT	£8,156	64	3	Flat
£355K	06/21	1.73 mi	32b, Hyde Park Avenue, London, Greater London N21 2PP	£4,128	86	3	Flat
£321K	02/21	1.74 mi	268, Old Church Road, London, Greater London E4 8BT	£5,262	61	3	Flat
£442K	02/23	1.83 mi	Ground Floor Flat, 131, Mount Pleasant Road, London, Greater London N17 6TQ	£8,225	54	3	Flat
£485K	02/23	1.84 mi	194, Brettenham Road, London, Greater London E17 5AY	-	-	3	Flat
£580K	07/23	1.84 mi	22, Brettenham Road, Walthamstow, London, Greater London E17 5BA	£7,904	73	3	Flat
£575K	03/21	1.84 mi	14, Brettenham Road, London, Greater London E17 5BA	£8,333	69	3	Flat
£460K	03/21	1.89 mi	191, Brettenham Road, London, Greater London E17 5AX	£6,667	69	3	Flat
£435K	04/21	1.93 mi	16, Reedham Close, London, Greater London N17 9PT	£5,058	86	3	Flat
£340K	01/23	1.93 mi	53, Cosgrove Close, London, Greater London N21 3BG	£5,894	58	3	Flat
£429K	06/21	1.95 mi	287, Brettenham Road, London, Greater London E17 5AT	£6,414	67	3	Flat
£270K	03/21	2 mi	Flat 15, Reynolds House, Ayley Croft, Enfield, Greater London EN1 1XR	-	-	3	Flat

Local Rents

22 rents from £1.9K/mo to £2.7K/mo, average is £2.3K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,900	02/25	0.16 mi	-	3	Terraced House
£1,900	02/25	0.16 mi	-	3	Terraced House
£1,980	03/25	0.16 mi	-	3	Terraced House
£1,980	03/25	0.16 mi	-	3	Terraced House
£1,980	12/24	0.16 mi	-	3	Terraced House
£1,980	01/25	0.17 mi	-	3	Terraced House
£1,980	02/25	0.17 mi	-	3	Terraced House
£1,980	03/25	0.17 mi	-	3	Terraced House
£1,980	03/25	0.17 mi	-	3	Terraced House
£2,300	05/24	0.23 mi	-	3	Flat
£2,300	05/24	0.31 mi	-	3	Flat
£2,300	05/24	0.32 mi	-	3	Terraced House
£2,000	05/24	0.34 mi	Kimberley Road, Edmonton, N18	3	Terraced House
£2,350	01/25	0.37 mi	-	3	Semi-Detached House
£2,350	06/24	0.38 mi	-	3	Terraced House
£2,400	05/24	0.43 mi	-	3	Terraced House
£2,400	05/24	0.43 mi	Clarendon Road, London, N18	3	Terraced House
£2,300	03/25	0.44 mi	-	3	Semi-Detached House
£2,200	05/24	0.44 mi	Leyburn Road, Edmonton, N18	3	Detached House
£2,500	12/24	0.51 mi	Quandrant Court, Park Avenue, Edmonton,N18	3	Flat
£2,500	07/24	0.52 mi	-	3	Flat
£2,700	12/24	0.53 mi	-	3	Flat

Local Area Statistics

Population in N18	31,59831,598
Population in London	4,771,9214,771,921
Town centre distance	6.38 miles away6.38 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.35 miles away0.35 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+19%+19%
Sales demand	Buyer's marketBuyer's market
Capital growth (5yrs)	+10%+10%

Property History

Listed for £250,000

January 31, 2025

Floor Plans

Description

3 Bedrooms +
Spacious +
Chain Free +

Daniel Ford are pleased to offer to the market this 3 bedroom duplex flat situated on the 4th and 5th floors of this well maintained block. Internally the property is in good condition and pictures are to follow. The flat is close to a host of local amenities and is offered chain free. Perfect for first time buyers/investors.

Lease 84 years
Tenanted - Rental Income £1700 per month
INVESTORS ONLY

Agent Details

Daniel Ford, Kings Cross

020 3198 4517

Next Steps?

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

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