2 Bed Flat, Single Let, London, N9 8NH, £274,950

St Joseph's Road, Edmonton, N9 8NH - 2 months ago

Leasehold

BTL

ROI: 5%

~75 m²

+14 photos

ValuationUndervalued

Sold Prices	£222.5K - £315K
Sold Prices/m²	£3.6K/m² - £6K/m²

Square Metres	~75.44 m²
Price/m²	£3.6K/m²
Value Estimate	£343,688£343,688
BMV	25%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£68,738£68,738
Stamp Duty & Legal Fees	£18,695£18,695
Total Cash In	£87,433£87,433

Cash Out
Rent Range	£1,500 - £2,200£1,500 - £2,200
Rent Estimate	£1,538
Running Costs/mo	£1,187£1,187
Cashflow/mo	£351£351
Cashflow/yr	£4,214£4,214
ROI	5%5%
Gross Yield	7%7%

Local Sold Prices

36 sold prices from £222.5K to £315K, average is £266.3K. £3.6K/m² to £6K/m², average is £4.8K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£248K	06/21	0.23 mi	201, St Marys Road, Edmonton, London, Greater London N9 8NR	£3,992	62	2	Flat
£253K	05/21	0.41 mi	35, Martin Close, London, Greater London N9 8UE	£3,953	64	2	Flat
£277K	03/21	0.49 mi	70, Sandhurst Road, London, Greater London N9 8BJ	£5,130	54	2	Flat
£277K	05/21	0.49 mi	36, Sandhurst Road, London, Greater London N9 8BJ	£5,653	49	2	Flat
£285K	02/23	0.49 mi	80, Sandhurst Road, London, Greater London N9 8BJ	£5,089	56	2	Flat
£274.5K	06/21	0.49 mi	84, Sandhurst Road, London, Greater London N9 8BJ	-	-	2	Flat
£315K	06/21	0.51 mi	99, Sandhurst Road, London, Greater London N9 8BA	-	-	2	Flat
£280K	10/23	0.51 mi	57, Sandhurst Road, London, Greater London N9 8BA	-	-	2	Flat
£280K	09/21	0.51 mi	49, Sandhurst Road, London, Greater London N9 8BA	£4,667	60	2	Flat
£240K	10/22	0.51 mi	6, Hennessy Road, London, Greater London N9 0XQ	-	-	2	Flat
£240K	04/21	0.51 mi	30, Pentland Close, London, Greater London N9 0XN	£4,898	49	2	Flat
£240K	04/21	0.51 mi	30, Pentland Close, London, Greater London N9 0XN	£4,898	49	2	Flat
£225K	04/21	0.52 mi	32, Buxton Close, London, Greater London N9 0XL	-	-	2	Flat
£257K	10/22	0.53 mi	14, Hennessy Road, London, Greater London N9 0XQ	-	-	2	Flat
£222.5K	10/20	0.54 mi	119, Croyland Road, London, Greater London N9 7BH	-	-	2	Flat
£247.5K	06/21	0.54 mi	21, Hennessy Road, London, Greater London N9 0XA	-	-	2	Flat
£226K	01/21	0.55 mi	124, Croyland Road, London, Greater London N9 7BD	£3,965	57	2	Flat
£240K	10/23	0.58 mi	96, Hudson Way, Edmonton, London, Greater London N9 0XG	£4,444	54	2	Flat
£248K	05/21	0.58 mi	114, Hudson Way, London, Greater London N9 0XG	£4,206	59	2	Flat
£277K	11/20	0.6 mi	21, Kennedy Avenue, Enfield, Greater London EN3 4PA	£4,946	56	2	Flat
£262.5K	04/21	0.63 mi	62, Milestone Close, London, Greater London N9 9GA	£4,953	53	2	Flat
£273.5K	07/21	0.65 mi	17, Ruskin Walk, London, Greater London N9 9DT	£3,907	70	2	Flat
£280K	02/23	0.65 mi	89, Church Lane, London, Greater London N9 9QA	£4,000	70	2	Flat
£278K	10/22	0.66 mi	13, Sawyer Close, London, Greater London N9 9XP	£6,043	46	2	Flat
£300K	04/21	0.7 mi	87b, High Street, Enfield, Greater London EN3 4EE	£5,263	57	2	Flat
£270K	12/22	0.73 mi	27, Beechwood Mews, London, Greater London N9 9XH	£4,762	57	2	Flat
£250K	09/23	0.74 mi	31, Beechwood Mews, London, Greater London N9 9XH	£4,545	55	2	Flat
£250K	01/21	0.74 mi	15, Beechwood Mews, London, Greater London N9 9XH	£4,604	54	2	Flat
£290K	03/23	0.74 mi	29, Beechwood Mews, London, Greater London N9 9XH	£5,257	55	2	Flat
£303K	09/22	0.74 mi	17, Lichfield Road, London, Greater London N9 9HD	£5,203	58	2	Flat
£258K	12/20	0.83 mi	21, All Saints Close, London, Greater London N9 9AT	£4,868	53	2	Flat
£260K	06/21	0.85 mi	Flat 7, Constable House, Ayley Croft, Enfield, Greater London EN1 1XX	-	-	2	Flat
£280K	06/23	0.92 mi	Ground Floor Flat, 23, Arthur Road, London, Greater London N9 9AF	£3,636	77	2	Flat
£315K	10/23	0.98 mi	16a, Sunnyside Road North, London, Greater London N9 9SW	-	-	2	Flat
£275K	03/22	0.99 mi	41, Jeremys Green, London, Greater London N18 2NB	£4,260	65	2	Flat
£257.5K	09/21	1 mi	42, Grilse Close, London, Greater London N9 0UU	£4,952	52	2	Flat

Local Rents

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

Rent	Date	Distance	Address	Beds	Type
£1,900	07/24	0.15 mi	Doncaster Roads, Edmonton, N9	2	Terraced House
£2,200	01/25	0.18 mi	-	2	Terraced House
£1,950	02/24	0.23 mi	-	2	Terraced House
£1,900	07/24	0.31 mi	-	2	Semi-Detached House
£1,900	06/24	0.31 mi	South Road, London, N9	2	Semi-Detached House
£1,900	07/24	0.31 mi	South Road, London, N9	2	Semi-Detached House
£1,900	07/24	0.31 mi	South Road, London, N9	2	Semi-Detached House
£1,690	01/25	0.34 mi	-	2	Flat
£1,850	05/24	0.34 mi	-	2	Flat
£1,850	06/24	0.34 mi	-	2	Flat
£1,700	05/24	0.34 mi	-	2	Terraced House
£1,800	03/25	0.37 mi	-	2	Terraced House
£1,850	02/25	0.37 mi	-	2	Terraced House
£1,749	06/24	0.39 mi	-	2	Flat
£1,749	07/24	0.39 mi	-	2	Flat
£1,749	12/24	0.39 mi	-	2	Flat
£1,650	01/25	0.39 mi	-	2	Flat
£1,550	05/24	0.45 mi	Bunting Close, London, N9	2	Flat
£2,100	03/25	0.45 mi	-	2	Terraced House
£1,800	05/24	0.46 mi	Oaklands Avenue, N9	2	Terraced House
£1,795	05/24	0.46 mi	-	2	Flat
£1,790	02/25	0.46 mi	-	2	Flat
£1,795	03/25	0.47 mi	-	2	Flat
£1,795	05/24	0.47 mi	-	2	Flat
£1,800	03/25	0.47 mi	-	2	Flat
£1,500	01/25	0.47 mi	-	2	Flat
£1,500	05/24	0.49 mi	Sandhurst Road, London	2	Flat
£1,800	07/24	0.49 mi	Sandhurst Road, Edmonton, N9	2	Flat
£1,600	02/24	0.5 mi	-	2	Flat
£1,750	05/24	0.51 mi	-	2	Flat
£1,850	07/24	0.55 mi	-	2	Flat
£1,950	07/24	0.57 mi	Town Road London N9	2	Terraced House
£1,550	06/24	0.58 mi	Washbourne Court, Acton Close, Edmonton, N9	2	Flat
£1,650	12/24	0.58 mi	-	2	Flat
£1,650	02/25	0.58 mi	-	2	Flat
£1,850	12/24	0.59 mi	-	2	Flat
£1,850	12/24	0.59 mi	-	2	Flat
£1,800	12/24	0.6 mi	-	2	Terraced House
£1,600	05/24	0.62 mi	Woodstock Crescent, Enfield - You Wouldn't want to miss out on this !!	2	Flat

Local Area Statistics

Population in N9	51,42251,422
Population in London	4,771,9214,771,921
Town centre distance	7.62 miles away7.62 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.76 miles away0.76 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 £274,950

February 1, 2025

Floor Plans

Description

Two bedroom split level flat +
situated 1/2 a mile of Edmonton Green +
Two double bedrooms +
Gas central heating +
Double glazing +
Long Lease +

A well presented two bedroom split level flat, situated within 1/2 mile of Edmonton Green. The property comprises of reception one and kitchen to ground floor with two double bedrooms, bathroom and seperate wc to first floor. It also has features to include, gas central heating, long lease and double glazing.