3 Bed Terraced House, Refurb/BRRR, Enfield, EN1 1RL, £475,000

10 Southbury Avenue, Enfield, EN1 1RL - 4 views - 3 months ago

Sold STC
Refurb/BRRR
Planning
ROI: 1%
~93 m²
+6 photos

ValuationFair Value

Sold Prices£380K - £692.5K
Sold Prices/m²£4.2K/m² - £6.8K/m²

 

 

Square Metres

~93 m²
Price/m²£5.1K/m²

Value Estimate

£483,050

 

 

End Value (After Refurb)

£490,240

Uplift in Value

+3%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£118,750

Stamp Duty & Legal Fees

£26,700

Refurb Costs

£49,200

Bridging Loan Interest

£12,469

Total Cash In

£208,869

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£490,240

Mortgage (After Refinance)

£367,680

Mortgage LTV

75%

Cash Released

£11,430

Cash Left In

£197,439

Equity

£122,560

Rent Range

£1,700 - £2,600

Rent Estimate

£2,192

Running Costs/mo

£1,990

Cashflow/mo

£202

Cashflow/yr

£2,419

ROI

1%

Gross Yield

6%

Local Sold Prices

50 sold prices from £380K to £692.5K, average is £475K. £4.2K/m² to £6.8K/m², average is £5.2K/m².

PriceDateDistanceAddressBeds 
£410K06/230.03 mi26, Southbury Avenue, Enfield, Greater London EN1 1RL3
£480K12/220.06 mi11, Southbury Avenue, Enfield, Greater London EN1 1RH3
£395K11/210.06 mi84, Clive Road, Enfield, Greater London EN1 1RE3
£400K03/210.07 mi43, Clive Road, Enfield, Greater London EN1 1RB3
£480K04/230.08 mi79, Southbury Avenue, Enfield, Greater London EN1 1RJ3
£410K06/210.09 mi185, Great Cambridge Road, Enfield, Greater London EN1 1SG3
£430K03/210.12 mi114, Southbury Avenue, Enfield, Greater London EN1 1RN3
£450K12/220.14 mi110, Clive Road, Enfield, Greater London EN1 1RF3
£543.5K03/230.15 mi99, Clive Road, Enfield, Greater London EN1 1RD3
£450K12/200.17 mi50, Bertram Road, Enfield, Greater London EN1 1LT3
£485K06/210.2 mi3a, Bertram Road, Enfield, Greater London EN1 1LR3
£507K01/230.25 mi76, Landseer Road, Enfield, Greater London EN1 1DR3
£540K06/230.29 mi53, Millais Road, Enfield, Greater London EN1 1EF3
£390K03/210.29 mi17, Millais Road, Enfield, Greater London EN1 1EF3
£562K11/220.31 mi48, St Marks Road, Enfield, Greater London EN1 1BE3
£459K02/210.31 mi46, St Marks Road, Enfield, Greater London EN1 1BE3
£560K02/230.32 mi207, Southbury Road, Enfield, Greater London EN1 1QR3
£410K02/210.32 mi181, Southbury Road, Enfield, Greater London EN1 1QR3
£440K03/230.34 mi18, Main Avenue, Enfield, Greater London EN1 1DA3
£380K04/210.35 mi61, Leighton Road, Enfield, Greater London EN1 1XN3
£500K06/210.35 mi3, Clydach Road, Enfield, Greater London EN1 3SL3
£405K11/200.35 mi13, Harman Road, Enfield, Greater London EN1 1LB3
£425K01/210.35 mi41, Harman Road, Enfield, Greater London EN1 1LB3
£390.4K12/200.35 mi62, Harman Road, Enfield, Greater London EN1 1LA3
£510K05/210.37 mi21, Third Avenue, Enfield, Greater London EN1 1BU3
£495K10/220.37 mi50, Third Avenue, Enfield, Greater London EN1 1BX3
£490K09/210.38 mi29, Alberta Road, Enfield, Greater London EN1 1JA3
£585K12/200.39 mi50, Cecil Avenue, Enfield, Greater London EN1 1PP3
£692.5K05/210.39 mi1, Second Avenue, Enfield, Greater London EN1 1BT3
£530K04/210.41 mi63, Lincoln Crescent, Enfield, Greater London EN1 1JZ3
£500K11/220.42 mi106, St Marks Road, Enfield, Greater London EN1 1BB3
£520K05/210.42 mi52, Fotheringham Road, Enfield, Greater London EN1 1QG3
£445K03/210.43 mi2, Kingswood Close, Enfield, Greater London EN1 1JP3
£443.1K03/210.44 mi91, Lincoln Road, Enfield, Greater London EN1 1JU3
£465K03/210.44 mi22, Mafeking Road, Enfield, Greater London EN1 3SS3
£385K02/210.44 mi27, East Crescent, Enfield, Greater London EN1 1BS3
£470K07/230.44 mi1, East Crescent, Enfield, Greater London EN1 1BS3
£525K04/210.44 mi17, Ladbroke Road, Enfield, Greater London EN1 1HX3
£490K03/210.44 mi20, Ladbroke Road, Enfield, Greater London EN1 1HX3
£690K03/230.44 mi62, First Avenue, Enfield, Greater London EN1 1BN3
£560K02/230.44 mi83, Fotheringham Road, Enfield, Greater London EN1 1PX3
£585K03/230.45 mi52, Hazelwood Road, Enfield, Greater London EN1 1JQ3
£585K11/220.45 mi50, Hazelwood Road, Enfield, Greater London EN1 1JQ3
£392K06/210.45 mi4, Downs Road, Enfield, Greater London EN1 1PA3
£492K11/200.46 mi29, Woodgrange Gardens, Enfield, Greater London EN1 1ER3
£410K05/210.46 mi57, Woodgrange Gardens, Enfield, Greater London EN1 1ER3
£412.5K03/210.46 mi82, Woodgrange Gardens, Enfield, Greater London EN1 1ER3
£410K03/210.46 mi66, Woodgrange Gardens, Enfield, Greater London EN1 1ER3
£500K10/210.46 mi107, First Avenue, Enfield, Greater London EN1 1BP3
£470K12/200.46 mi95, First Avenue, Enfield, Greater London EN1 1BP3

Local Rents

39 rents from £1.7K/mo to £2.6K/mo, average is £2.2K/mo.

RentDateDistanceAddressBeds 
£2,50004/240.05 miClive Road, Enfield, EN13
£2,49505/240.05 mi-3
£2,50005/240.05 mi-3
£2,00004/240.06 miGreat Cambridge Road, Enfield3
£2,50012/240.07 mi-3
£2,50003/240.1 miBertram Road3
£2,50003/240.11 miBertram Road, Enfield3
£1,90003/250.14 mi-3
£1,85004/240.14 miPercival Road, Enfield, EN13
£1,89503/240.14 miPercival Road, Enfield, Middlesex, EN13
£1,80003/240.25 miAgricola Place, Enfield3
£2,10003/240.27 miPercival Road, Enfield3
£1,80004/240.3 miJohn Street, London, EN13
£1,80005/240.3 mi-3
£2,60005/240.31 miJules Throne Ave, Enfield En1 3
£2,20003/240.33 miLeighton Road, London, EN13
£2,17512/240.35 mi-3
£2,50004/240.36 mi-3
£2,50003/240.37 miThird Avenue, Enfield, EN13
£2,20003/240.38 miAlberta Road, Enfield, EN13
£2,50002/250.41 mi-3
£2,10003/240.43 miKingswood Close, London, EN13
£2,30005/240.43 mi-3
£1,75006/240.44 mi3 Bedroom Flat – Mayfield Crescent, Edmonton N93
£1,70007/240.44 mi3 Bedroom Flat – Mayfield Crescent, Edmonton N93
£1,70007/240.44 mi3 Bedroom Flat – Mayfield Crescent, Edmonton N93
£2,50012/240.44 mi-3
£2,00004/240.44 miHazelwood Road, EN13
£2,00004/240.44 miHazelwood Road, EN13
£2,40004/240.47 mi-3
£2,15003/240.48 miWoodgrange Gardens, Enfield, EN13
£2,35001/250.48 mi-3
£2,35003/250.48 mi-3
£1,90004/240.52 miSeaford Road, Enfield, EN13
£1,90004/240.52 miSeaford Road, Enfield, EN13
£2,20004/240.54 mi-3
£2,20003/240.6 miMelbourne Way, Bush Hill EN1 3
£2,20003/240.6 miMelbourne Way, Bush Hill EN1 3
£2,20004/240.62 miTenby Road, Enfield, Middlesex, EN33

Local Area Statistics

Population in EN1

45,671

Population in Enfield

130,248

Town centre distance

1.53 miles away

Nearest school

0.10 miles away

Nearest train station

0.38 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+5%

Sales demand

Balanced market

Capital growth (5yrs)

+18%

Property History

Listed for £475,000

February 5, 2025

Floor Plans

Description

  • Close Proximity To Local Schools And The A10 Road Network +
  • Potential To Extend Subject To Planning Permission +
  • Three Bedroom House +
  • First Floor Bathroom +
  • Off Street Parking +
  • In Need Of Work +
  • Through Lounge +
  • Garage To Side +
  • End Of Terrace +
  • Call Now +

Located on Southbury Avenue in Enfield, this delightful three-bedroom end of terrace house. This property presents an excellent opportunity for those looking to create their dream home.

The house is complemented by a garage to the side, with additional off-street parking, a valuable asset in this bustling area.

Conveniently located, this home is within close proximity to local schools, making it an ideal choice for families. Additionally, the A10 road network is easily accessible, ensuring that commuting to central London and beyond is a breeze.

While the property is in need of some work, it offers significant potential for extension, subject to planning permission. This allows the new owners to tailor the space to their specific needs and preferences, making it a truly personal sanctuary.

In summary, this end of terrace house on Southbury Avenue is a promising prospect for those seeking a home with space, and the potential for enhancement. With its prime location and ample parking, it is sure to attract interest from a variety of buyers. Don’t miss the chance to transform this property into your ideal living space.

Hallway - Door leading to lounge, stairs leading to first floor landing and access leading to kitchen.

Through Lounge - 7.09m (into bay) x 3.45m (max) (23'3" (into bay) x - Double glazed bay window to front aspect, two radiators, glazed patio doors leading to lean-to.

Kitchen - 1.93m x 1.83m (6'4" x 6'0") - Glazed window to rear aspect, eye and base level units with roll top work surfaces, sink with mixer tap and drainer unit, space for freestanding cooker, part tiled walls and door leading to lean-to.

Lean-To - 5.21m x 1.93m (17'1" x 6'4") - Dual aspect double glazed windows and door leading to rear garden.

First Floor Landing - Double glazed window to side aspect, loft access and doors leading to all rooms.

Bedroom One - 3.84m (into bay) x 3.18m (12'7" (into bay) x 10'5" - Double glazed bay window to front aspect, fitted wardrobes and radiator.

Bedroom Two - 2.90m x 3.18m (9'6" x 10'5") - Double glazed window to rear aspect and radiator.

Bedroom Three - 1.91m x 1.83m (6'3" x 6'0") - Double glazed window to front aspect and radiator.

Bathroom - Frosted double glazed window top rear aspect, low flush W.C, panel enclosed bath with mixer tap and wall mounted shower, pedestal wash hand basin with mixer tap. part tiled walls and radiator.

Exterior - Front - Mainly laid to lawn with concrete driveway, Up and over door leading to garage.

Exterior - Rear - Mainly laid to lawn, timber shed and door leading to garage.

Garage - 5.66m x 2.79m (18'7" x 9'2") - Up and over door with power and lighting.

Lanes Estate Agents Enfield Reference Number - ET5228/AX/AX/AX/050225

Agent Details

Lanes, Enfield

020 3835 4508

Next Steps?

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