2 Bed Flat, Refurb/BRRR, London, N3 3HG, £375,000

1 Wickliffe Avenue, London, N3 2 Bedrooms - 19 views - 2 months ago

Leasehold

Refurb/BRRR

132 m²

+4 photos

ValuationFair Value

Sold Prices	£228.8K - £653K
Sold Prices/m²	£5.4K/m² - £8.6K/m²

Square Metres	132.29 m²
Price/m²	£2.8K/m²
Value Estimate	£378,750£378,750

End Value (After Refurb)	£850,261£850,261
Uplift in Value	+127%+127%
You could potentially get back more cash than you put into this deal. All your cash out plus £162,416 extra. See the breakdown

Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (25%)	£93,750£93,750
Stamp Duty & Legal Fees	£18,700£18,700
Refurb Costs	£69,986£69,986
Bridging Loan Interest	£9,844£9,844
Total Cash In	£194,029£194,029

Cash Out
Monetisation	FlipRefinance & RentFlip
Estimated Sale Price	£850,261£850,261
Agent Fees (1%)	£8,503£8,503
Bridging Loan	£281,250£281,250
Bridging Loan Interest	£9,844£9,844
Flip Profit	£366,479£366,479

Local Sold Prices

50 sold prices from £228.8K to £653K, average is £401.3K. £5.4K/m² to £8.6K/m², average is £6.7K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£410K	06/21	0.12 mi	Flat 7, Paul Court, Windsor Road, London, Greater London N3 3SP	-	-	2	Flat
£490K	11/21	0.18 mi	Flat 6, Greenacres, Hendon Lane, London, Greater London N3 3SF	-	-	2	Flat
£470K	06/21	0.18 mi	Flat 70, Greenacres, Hendon Lane, London, Greater London N3 3SF	-	-	2	Flat
£307K	11/20	0.19 mi	Flat 59, Greenacres, Hendon Lane, London, Greater London N3 3SF	-	-	2	Flat
£625K	02/21	0.22 mi	3b, St Marys Avenue, London, Greater London N3 1SN	£7,267	86	2	Flat
£265K	10/20	0.23 mi	Flat 43, Grove House, Waverley Grove, London, Greater London N3 3PU	-	-	2	Flat
£390K	05/23	0.25 mi	Flat 4, Timberdene, Holders Hill Road, London, Greater London NW4 1LA	-	-	2	Flat
£415K	12/20	0.25 mi	Flat 19, Timberdene, Holders Hill Road, London, Greater London NW4 1LA	-	-	2	Flat
£360K	06/21	0.25 mi	Flat 12, Fernside Court, Holders Hill Road, London, Greater London NW4 1JT	-	-	2	Flat
£477.5K	03/23	0.27 mi	Flat 10, Arundel Lodge, Salisbury Avenue, London, Greater London N3 3AL	-	-	2	Flat
£400K	02/23	0.31 mi	26, Arden Road, London, Greater London N3 3AN	£8,000	50	2	Flat
£290K	05/21	0.34 mi	Flat 1, Westchester Court, Westchester Drive, London, Greater London NW4 1RB	-	-	2	Flat
£370K	11/20	0.34 mi	Flat 4, Westchester Court, Westchester Drive, London, Greater London NW4 1RB	-	-	2	Flat
£402.5K	03/23	0.34 mi	Flat 21, Westchester Court, Westchester Drive, London, Greater London NW4 1RB	-	-	2	Flat
£455K	10/20	0.35 mi	Flat 1, Clifford Lodge, Bibsworth Road, London, Greater London N3 3RS	-	-	2	Flat
£320K	12/20	0.39 mi	Flat 9, Claydon House, Holders Hill Road, London, Greater London NW4 1LS	-	-	2	Flat
£390K	01/21	0.39 mi	Flat 32, Claydon House, Holders Hill Road, London, Greater London NW4 1LS	-	-	2	Flat
£345K	10/23	0.39 mi	Flat 26, Claydon House, Holders Hill Road, London, Greater London NW4 1LS	-	-	2	Flat
£375K	03/21	0.39 mi	Flat 33, Claydon House, Holders Hill Road, London, Greater London NW4 1LS	-	-	2	Flat
£262K	06/21	0.4 mi	Flat 2, Bibsworth Lodge, Bibsworth Road, London, Greater London N3 3RN	-	-	2	Flat
£262K	06/21	0.4 mi	Flat 2, Bibsworth Lodge, Bibsworth Road, London, Greater London N3 3RN	-	-	2	Flat
£485K	03/21	0.42 mi	Flat 2, Georgian Court, Dollis Avenue, London, Greater London N3 1TY	-	-	2	Flat
£505K	08/23	0.42 mi	Flat 1, Georgian Court, Dollis Avenue, London, Greater London N3 1TY	-	-	2	Flat
£575K	10/22	0.43 mi	Flat 65, Mayflower Lodge, Regents Park Road, London, Greater London N3 3HX	-	-	2	Flat
£653K	06/21	0.44 mi	157, Holders Hill Road, London, Greater London NW7 1ND	-	-	2	Flat
£610K	01/21	0.45 mi	Flat 11, Mayflower Lodge, Regents Park Road, London, Greater London N3 3HU	-	-	2	Flat
£555K	06/21	0.46 mi	Flat 17, Chessington Lodge, Regents Park Road, London, Greater London N3 3AA	-	-	2	Flat
£567.5K	11/22	0.46 mi	Flat 26, Chessington Lodge, Regents Park Road, London, Greater London N3 3AA	-	-	2	Flat
£500K	06/21	0.48 mi	7, Boyne Avenue, London, Greater London NW4 2JL	£5,407	92	2	Flat
£415K	09/21	0.48 mi	Flat 24, Derby Lodge, East End Road, London, Greater London N3 3QG	-	-	2	Flat
£380K	01/21	0.48 mi	Flat 6, Derby Lodge, East End Road, London, Greater London N3 3QG	-	-	2	Flat
£355K	02/23	0.48 mi	Flat 14, Derby Lodge, East End Road, London, Greater London N3 3QG	-	-	2	Flat
£470K	02/21	0.5 mi	Flat 19, Edinburgh House, Tenterden Grove, London, Greater London NW4 1TL	-	-	2	Flat
£430K	09/23	0.52 mi	Flat 13, Ellerton Lodge, East End Road, London, Greater London N3 3QH	-	-	2	Flat
£385K	06/23	0.52 mi	Flat 24, Ellerton Lodge, East End Road, London, Greater London N3 3QH	-	-	2	Flat
£305K	02/21	0.58 mi	Flat 20, Thornfield Court, Holders Hill Road, London, Greater London NW7 1LW	-	-	2	Flat
£420K	12/20	0.58 mi	15, Orchard Avenue, London, Greater London N3 3NL	£6,971	60	2	Flat
£420K	12/20	0.58 mi	15, Orchard Avenue, London, Greater London N3 3NL	£6,971	60	2	Flat
£343.5K	04/23	0.61 mi	20, Frith Court, London, Greater London NW7 1JP	-	-	2	Flat
£395K	10/20	0.61 mi	44, Frith Court, London, Greater London NW7 1JP	£6,371	62	2	Flat
£391.8K	03/21	0.61 mi	12, Frith Court, London, Greater London NW7 1JP	£6,122	64	2	Flat
£375K	06/21	0.61 mi	33, Frith Court, London, Greater London NW7 1JP	£5,859	64	2	Flat
£315K	05/21	0.63 mi	11a, Albert Road, London, Greater London NW4 2SH	£5,943	53	2	Flat
£286K	06/21	0.64 mi	Flat 15, Dollis Croft, Bittacy Hill, London, Greater London NW7 1HP	-	-	2	Flat
£500K	06/21	0.64 mi	57, Dollis Park, London, Greater London N3 1HJ	£7,042	71	2	Flat
£507.5K	11/23	0.65 mi	Flat 24, The Brookdales, Bridge Lane, London, Greater London NW11 9JU	-	-	2	Flat
£561.5K	02/21	0.65 mi	Flat 34, The Brookdales, Bridge Lane, London, Greater London NW11 9JU	£5,973	94	2	Flat
£228.8K	09/23	0.65 mi	12a, Bittacy Hill, London, Greater London NW7 1LB	-	-	2	Flat
£415K	10/20	0.67 mi	33, Addison Way, London, Greater London NW11 6AL	£8,646	48	2	Flat
£390K	03/21	0.67 mi	Flat 4, Thurlby Croft, Mulberry Close, London, Greater London NW4 1QP	-	-	2	Flat

Local Rents

50 rents from £1.4K/mo to £2.9K/mo, average is £2K/mo.

Rent	Date	Distance	Address	Beds	Type
£2,000	06/24	0.06 mi	Windsor Road London N3	2	Flat
£1,750	07/24	0.06 mi	Windsor Road London N3	2	Flat
£2,058	07/24	0.08 mi	Broughton Avenue, Finchley Central, London, N3	2	Flat
£2,400	08/24	0.17 mi	Hendon Lane, Finchley, London, N3	2	Flat
£1,850	10/24	0.18 mi	-	2	Flat
£2,550	11/24	0.21 mi	-	2	Flat
£2,650	10/24	0.22 mi	-	2	Flat
£1,750	07/24	0.22 mi	Holders Hill Crescent, Hendon, NW4	2	Flat
£1,750	08/24	0.22 mi	Holders Hill Crescent, Hendon, NW4	2	Flat
£2,250	05/24	0.22 mi	-	2	Flat
£2,200	09/24	0.22 mi	-	2	Flat
£2,200	07/24	0.22 mi	St. Mary's Avenue, London, N3	2	Flat
£2,200	08/24	0.22 mi	St. Mary's Avenue, London, N3	2	Flat
£2,200	05/24	0.24 mi	Ivor Court, 2 Chalgrove Gardens, Finchley, London, N3	2	Flat
£1,850	01/25	0.24 mi	-	2	Flat
£2,000	08/24	0.26 mi	Shakespeare Road, London, N3	2	Flat
£1,950	05/24	0.26 mi	The Terrace, Hendon Lane, Finchley, N3	2	Terraced House
£2,850	06/24	0.26 mi	Hendon Lane, London, N3	2	Flat
£2,175	06/24	0.26 mi	FAIRVIEW COURT, Hendon, London, NW4	2	Flat
£2,200	08/24	0.26 mi	Fairview Court, Mill Hill, London, NW4	2	Flat
£1,800	06/24	0.26 mi	Salisbury Avenue, Finchley, N3	2	Flat
£2,150	10/24	0.26 mi	-	2	Flat
£2,150	03/25	0.26 mi	-	2	Flat
£2,200	08/24	0.27 mi	Linksway London NW4	2	Flat
£2,200	08/24	0.27 mi	Linksway, LONDON	2	Flat
£2,000	08/24	0.29 mi	-	2	Flat
£2,000	08/24	0.29 mi	Temple Close, London, N3	2	Flat
£2,800	06/24	0.3 mi	-	2	Flat
£1,900	05/24	0.31 mi	Hendon Lane, Finchley	2	Flat
£1,900	06/24	0.32 mi	Salisbury Avenue, Finchley, N3	2	Flat
£1,900	11/24	0.33 mi	-	2	Flat
£1,895	12/24	0.37 mi	-	2	Flat
£2,850	12/24	0.38 mi	-	2	Flat
£1,425	06/24	0.38 mi	-	2	Flat
£1,750	08/24	0.38 mi	Holders Hill Road, Hendon, NW4	2	Flat
£1,750	03/25	0.43 mi	-	2	Flat
£1,975	02/24	0.43 mi	Hendon Lane, Finchley, London, N3	2	Flat
£1,800	06/24	0.43 mi	-	2	Flat
£1,800	06/24	0.43 mi	Regents Park Road, London, N3	2	Flat
£1,800	06/24	0.43 mi	Regents Park Road, London, N3	2	Flat
£2,297	06/24	0.43 mi	Holders Hill Road, Mill Hill, London, NW7	2	Flat
£2,050	08/24	0.43 mi	-	2	Flat
£2,050	09/24	0.43 mi	-	2	Flat
£2,050	09/24	0.43 mi	-	2	Flat
£2,000	12/24	0.43 mi	-	2	Flat
£2,200	05/24	0.43 mi	Regents Park Road, Finchley Central, N3	2	Flat
£2,000	08/24	0.43 mi	Regents Park Road, Finchley Central	2	Flat
£1,800	03/25	0.45 mi	-	2	Flat
£2,000	07/24	0.46 mi	Shirehall Lane, London	2	Flat
£2,000	06/24	0.46 mi	Mountfield Road, Finchley	2	Flat

Local Area Statistics

Population in N3	26,58426,584
Population in London	4,771,9214,771,921
Town centre distance	6.44 miles away6.44 miles away
Nearest school	0.30 miles away0.30 miles away
Nearest train station	0.75 miles away0.75 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	-30%-30%
Sales demand	Buyer's marketBuyer's market
Capital growth (5yrs)	+19%+19%

Property History

Listed for £375,000

February 14, 2025

Floor Plans

Description

Chain Free +
Two Bedrooms +
Reception Room +
Communal Garden +
Communal Parking +
Short Bus Ride to Finchley Central Station, shops, Restaurants, Etc. +
Right by Windsor Open Space +
Tenure: Approximately 999 years +
Service Charge: Approximately £2425 pa +
Ground Rent: Approximately £140 pa +

LOTS OF POTENTIAL! MUST BE VIEWED! Situated on the ground floor of this purpose built block is this two bedroom flat in need of updating.

The property benefits from gas central heating, double glazing, video entryphone system, a large reception room and communal garden and parking.

It is right by Windsor Open Space and a short bus ride to Finchley Central station, shops, restaurants, etc.

To really appreciate the location, potential and setting, an internal viewing is highly recommended via the vendors sole agent, Ellis & Co. Tel No: .

Agent Details

Ellis & Co, Finchley

020 3856 3457

Next Steps?

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

Similar Properties

Like this property? Maybe you'll like these ones close by too.

2 Bed Flat, Refurb/BRRR, London, N3 3SW

£475,000

1 views • a month ago • 68 m²

5 Bed House, Refurb/BRRR, London, N3 3AB

£1,750,000

2 months ago • 178 m²