2 Bed Flat, Single Let, Potters Bar, EN6 3EN, £325,000

Bornedene, Potters Bar, EN6 3EN - 3 months ago

Leasehold
BTL
ROI: 3%
~52 m²
+4 photos

ValuationOvervalued

Sold Prices£225K - £590K
Sold Prices/m²£3.5K/m² - £8K/m²

 

 

Square Metres

~52.03 m²
Price/m²£6.2K/m²

Value Estimate

£313,635

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£81,250

Stamp Duty & Legal Fees

£21,200

Total Cash In

£102,450

 

 

Cash Out

 

Rent Range

£1,395 - £2,950

Rent Estimate

£1,600

Running Costs/mo

£1,356

Cashflow/mo

£244

Cashflow/yr

£2,933

ROI

3%

Gross Yield

6%

Local Sold Prices

23 sold prices from £225K to £590K, average is £348K. £3.5K/m² to £8K/m², average is £6K/m².

PriceDateDistanceAddressBeds 
£275K04/210 mi75, Bornedene, Potters Bar, Hertfordshire EN6 3EN2
£299.9K04/230.02 mi49, Bornedene, Potters Bar, Hertfordshire EN6 3EL2
£278.5K12/200.03 mi38, Cranborne Close, Potters Bar, Hertfordshire EN6 3AU2
£369K06/210.16 mi16, Dugdale Hill Lane, Potters Bar, Hertfordshire EN6 2DW2
£370K01/210.43 mi40, Aberdale Gardens, Potters Bar, Hertfordshire EN6 2JN2
£380K03/210.43 mi62, Aberdale Gardens, Potters Bar, Hertfordshire EN6 2JN2
£385K01/230.43 mi74, Aberdale Gardens, Potters Bar, Hertfordshire EN6 2JN2
£370.5K04/210.43 mi117, Dugdale Hill Lane, Potters Bar, Hertfordshire EN6 2DS2
£348K04/210.46 mi10, Weston Close, Potters Bar, Hertfordshire EN6 2BQ2
£255K01/230.48 miFlat 24, Seabrook Court, Station Close, Potters Bar, Hertfordshire EN6 1TG2
£225K09/220.48 miFlat 26, Seabrook Court, Station Close, Potters Bar, Hertfordshire EN6 1TG2
£300K01/210.48 miFlat 32, Seabrook Court, Station Close, Potters Bar, Hertfordshire EN6 1TG2
£300K06/210.48 miFlat 18, Seabrook Court, Station Close, Potters Bar, Hertfordshire EN6 1TG2
£302K10/220.54 mi19, Baker Street, Potters Bar, Hertfordshire EN6 2DZ2
£410.3K12/220.59 mi70a, Strafford Gate, Potters Bar, Hertfordshire EN6 1PL2
£590K09/210.62 mi171, Mutton Lane, Potters Bar, Hertfordshire EN6 2AN2
£347.5K02/210.78 mi1, Rosary Court, Potters Bar, Hertfordshire EN6 1HA2
£372.5K03/210.78 mi5, Rosary Court, Potters Bar, Hertfordshire EN6 1HA2
£368K11/220.78 mi2, Rosary Court, Potters Bar, Hertfordshire EN6 1HA2
£455K09/210.9 miFlat 15, The Briers, The Walk, Potters Bar, Hertfordshire EN6 1QE2
£450K05/210.9 miFlat 11, The Briers, The Walk, Potters Bar, Hertfordshire EN6 1QE2
£340K06/210.96 mi73, Church Road, Potters Bar, Hertfordshire EN6 1EY2
£295K09/210.99 mi2, Heathfield Close, Potters Bar, Hertfordshire EN6 1SW2

Local Rents

18 rents from £1.4K/mo to £3K/mo, average is £1.8K/mo.

RentDateDistanceAddressBeds 
£1,60002/240.03 mi-2
£1,65003/250.17 mi-2
£1,39504/240.44 miWyllyotts Close, Potters Bar, EN62
£1,69004/240.46 miWeston Close, Potters Bar2
£1,65004/240.46 miAberdale Gardens, Potters Bar, Hertfordshire, EN62
£2,25012/240.47 mi-2
£1,69504/240.5 miDarkes Lane, Potters Bar2
£1,65004/240.5 miAlbany Gate, Darkes Lane, Potters Bar, Hertfordshire, EN62
£2,55012/240.52 mi-2
£2,95012/240.52 mi-2
£1,50003/240.54 miDarkes Lane, Potters Bar, EN62
£1,90004/240.54 miThe Picture House, 191-195 Darkes Lane, Potters Bar, Hertfordshire, EN62
£1,75003/240.54 miThe Picture House, 191-195 Darkes Lane, Potters Bar, Hertfordshire, EN62
£1,75004/240.55 miThe Picture House, Darkes Lane2
£1,75004/240.55 miDarkes Lane, Potters Bar2
£1,75004/240.55 miDarkes Lane, Potters Bar2
£1,75004/240.55 miPotters Bar2
£1,75004/240.55 miDarkes Lane, Potters Bar2

Local Area Statistics

Population in EN6

29,067

Population in Potters Bar

29,075

Town centre distance

0.83 miles away

Nearest school

0.10 miles away

Nearest train station

0.44 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+16%

Sales demand

Buyer's market

Capital growth (5yrs)

+14%

Property History

Listed for £325,000

February 8, 2025

Floor Plans

Description

  • Ground Floor Apartment +
  • Two Double Bedrooms +
  • One Bathroom +
  • Double Glazed +
  • Allocated Parking +
  • Extended Lease +
  • Modern Finish +
  • Great Location +

A well presented TWO BEDROOM, TWO BATHROOM ground floor apartment in a very popular development situated close to Furzefield Sports Centre, Potters Bar train station and local amenities. Extended lease to approx 154 Years.

Communal Entrance Hall
Via a panel glazed wooden communal door with entry phone system.

Entrance Hall
Via wooden front door leading into hallway

Lounge - 11'0" (3.35m) x 15'1" (4.6m)
Windows to front. Electric storage heater. Coving to ceiling. Open arch to kitchen. Wood flooring throughout.

Kitchen - 5'11" (1.8m) x 9'10" (3m)
Window to side. Wall and base units with wood effect worktop. Single stainless steel sink with drainer. Electric oven with extractor hood.

Main Bedroom - 11'0" (3.35m) x 8'4" (2.54m)
Window to rear. Wood flooring. Door to Ensuite.

Bedroom Two - 11'0" (3.35m) x 8'8" (2.65m)
Window to rear. Wood flooring.

Family Bathroom
Frosted window to side. Panel enclosed bath with shower over and shower screen. Wash hand basin. Low level W.C.

Additional Notes
Service Charge and Ground Rent: £2148 p/a
Lease: 154 Years Remaining
One Allocated Parking Space

Notice
Please note we have not tested any apparatus, fixtures, fittings, or services. Interested parties must undertake their own investigation into the working order of these items. All measurements are approximate and photographs provided for guidance only.

Agent Details

Raine & Co, Potters Bar

01707 954070

Next Steps?

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