2 Bed Flat, Refurb/BRRR, Enfield, EN3 6FE, £225,000

Tysoe Avenue, Enfield, EN3 6FE - 2 views - 2 months ago

Leasehold

Refurb/BRRR

ROI: 4%

~68 m²

+7 photos

ValuationFair Value

Sold Prices	£135K - £341K
Sold Prices/m²	£3.6K/m² - £5.7K/m²

Square Metres	~68.11 m²
Price/m²	£3.3K/m²
Value Estimate	£225,000£225,000

End Value (After Refurb)	£303,409£303,409
Uplift in Value	+35%+35%

Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (25%)	£56,250£56,250
Stamp Duty & Legal Fees	£7,950£7,950
Refurb Costs	£36,033£36,033
Bridging Loan Interest	£5,906£5,906
Total Cash In	£107,889£107,889

Cash Out
Monetisation	FlipRefinance & RentFlip
Estimated Sale Price	£303,409£303,409
Agent Fees (1%)	£3,034£3,034
Bridging Loan	£168,750£168,750
Bridging Loan Interest	£5,906£5,906
Flip Profit	£23,736£23,736

Local Sold Prices

27 sold prices from £135K to £341K, average is £250K. £3.6K/m² to £5.7K/m², average is £4.7K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£285K	08/23	0.07 mi	20, Bridle Close, Enfield, Greater London EN3 6EA	£4,524	63	2	Flat
£236K	03/21	0.07 mi	21, Bridle Close, Enfield, Greater London EN3 6EA	£4,000	59	2	Flat
£234.5K	03/21	0.07 mi	42, Bridle Close, Enfield, Greater London EN3 6EA	£5,453	43	2	Flat
£234.5K	03/21	0.07 mi	42, Bridle Close, Enfield, Greater London EN3 6EA	£5,453	43	2	Flat
£226K	02/21	0.07 mi	30, Bridle Close, Enfield, Greater London EN3 6EA	£4,809	47	2	Flat
£227.5K	12/20	0.09 mi	60, Bridle Close, Enfield, Greater London EN3 6EB	£4,740	48	2	Flat
£270K	02/21	0.09 mi	65, Bridle Close, Enfield, Greater London EN3 6EB	£3,857	70	2	Flat
£235K	02/23	0.1 mi	64, Bridle Close, Enfield, Greater London EN3 6EB	£3,917	60	2	Flat
£285K	01/21	0.25 mi	167, Ordnance Road, Enfield, Greater London EN3 6AD	£5,700	50	2	Flat
£250K	03/23	0.28 mi	126b, Ordnance Road, Enfield, Greater London EN3 6BU	£5,000	50	2	Flat
£250K	12/22	0.28 mi	120b, Ordnance Road, Enfield, Greater London EN3 6BU	£4,950	51	2	Flat
£245K	10/21	0.34 mi	34, Shepley Mews, Enfield, Greater London EN3 6JP	£4,949	50	2	Flat
£300K	04/23	0.4 mi	40a, Allandale Road, Enfield, Greater London EN3 6SB	-	-	2	Flat
£250K	10/20	0.47 mi	113, Cunningham Avenue, Enfield, Greater London EN3 6LA	£4,545	55	2	Flat
£293K	11/22	0.48 mi	5, Aldis Mews, Enfield, Greater London EN3 6YE	£5,327	55	2	Flat
£250K	10/20	0.49 mi	113, Cunningham Avenue, Enfield, Greater London EN3 6LA	£4,545	55	2	Flat
£242.5K	04/23	0.49 mi	2c, Putney Road, Enfield, Greater London EN3 6NJ	£4,254	57	2	Flat
£193.7K	11/20	0.5 mi	3, Polsten Mews, Enfield, Greater London EN3 6YF	£5,098	38	2	Flat
£285K	07/23	0.51 mi	9, Harston Drive, Enfield, Greater London EN3 6GG	£4,071	70	2	Flat
£255K	03/23	0.51 mi	43a, Ordnance Road, Enfield, Greater London EN3 6UT	£3,592	71	2	Flat
£262K	03/23	0.52 mi	10, Colt Mews, Enfield, Greater London EN3 6YH	£5,347	49	2	Flat
£220K	01/23	0.58 mi	36, Fisher Close, Enfield, Greater London EN3 6WQ	£4,583	48	2	Flat
£341K	05/21	0.8 mi	13a, Turkey Street, Enfield, Greater London EN3 5TT	£4,372	78	2	Flat
£275K	03/21	0.84 mi	20, Riley Road, Enfield, Greater London EN3 5QB	-	-	2	Flat
£275K	11/20	0.84 mi	458, Hertford Road, Enfield, Greater London EN3 5QH	£4,297	64	2	Flat
£135K	11/22	0.9 mi	46, Stainton Road, Enfield, Greater London EN3 5JS	-	-	2	Flat
£257K	06/23	0.95 mi	55, Stainton Road, Enfield, Greater London EN3 5JP	£5,636	46	2	Flat

Local Rents

49 rents from £1.4K/mo to £2.1K/mo, average is £1.8K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,400	05/24	0.12 mi	-	2	Flat
£1,400	04/24	0.12 mi	-	2	Flat
£1,850	02/25	0.13 mi	-	2	Flat
£1,850	01/25	0.13 mi	-	2	Flat
£1,800	04/24	0.15 mi	Malvern Road, Enfield Lock, EN3	2	Flat
£1,800	05/24	0.15 mi	-	2	Flat
£1,695	11/23	0.19 mi	-	2	Flat
£1,500	05/24	0.2 mi	Velocity Way, Franklin House, EN3	2	Flat
£1,600	03/24	0.2 mi	Element House, 74 Tysoe Avenue, Enfield, Greater London, EN3 6FG	2	Flat
£1,950	04/24	0.31 mi	-	2	Semi-Detached House
£1,950	03/24	0.31 mi	-	2	Semi-Detached House
£1,890	12/24	0.33 mi	-	2	Flat
£1,895	12/24	0.33 mi	-	2	Flat
£1,500	04/24	0.35 mi	Shepley Mews, Enfield	2	Flat
£1,700	03/24	0.35 mi	King Henrys Mews, Enfield	2	Flat
£1,850	11/24	0.41 mi	-	2	Flat
£1,600	04/24	0.42 mi	Beaconsfield Road, Enfield	2	Flat
£1,800	04/24	0.42 mi	Vernon Avenue, Enfield, London, EN3	2	Semi-Detached House
£2,150	02/25	0.42 mi	-	2	Semi-Detached House
£2,150	02/25	0.42 mi	-	2	Semi-Detached House
£2,150	02/25	0.42 mi	-	2	Semi-Detached House
£2,100	02/25	0.42 mi	-	2	Semi-Detached House
£2,100	03/25	0.42 mi	-	2	Semi-Detached House
£2,100	03/25	0.42 mi	-	2	Semi-Detached House
£1,950	04/24	0.44 mi	Raynton Road, Enfield, EN3	2	Flat
£1,800	01/25	0.44 mi	-	2	Flat
£1,600	12/23	0.45 mi	-	2	Flat
£1,850	05/24	0.45 mi	-	2	Flat
£1,450	02/25	0.47 mi	-	2	Flat
£1,550	02/24	0.47 mi	-	2	Flat
£1,600	03/24	0.49 mi	Cunningham Avenue, Enfield	2	Flat
£1,600	03/24	0.49 mi	Webley Court, Enfield, EN3	2	Terraced House
£1,600	11/24	0.5 mi	-	2	Flat
£1,850	03/24	0.51 mi	-	2	Flat
£1,850	03/24	0.51 mi	Benson Court, Enfield, EN3	2	Flat
£1,650	05/24	0.52 mi	Westonia Court, Hertford Road Enfield	2	Flat
£1,750	11/24	0.52 mi	-	2	Flat
£1,450	05/24	0.53 mi	Treeby Court, George Lovell Drive, Enfield, EN3	2	Flat
£1,600	03/24	0.53 mi	Colgate Place, Bren Court, EN3	2	Flat
£1,575	05/24	0.53 mi	Manton Road, Enfield, Middlesex, EN3	2	Flat
£1,600	05/24	0.53 mi	Bren Court, 2 Colgate Place, Enfield, Greater London, EN3 6WF	2	Flat
£1,750	05/24	0.53 mi	Soper Mews, EN3	2	Flat
£1,995	04/24	0.55 mi	-	2	Flat
£1,900	10/24	0.55 mi	-	2	Flat
£1,900	11/24	0.55 mi	-	2	Flat
£1,500	03/24	0.57 mi	-	2	Flat
£1,500	03/24	0.58 mi	Fisher Close, Enfield Island Village	2	Flat
£1,800	04/24	0.61 mi	Manton Road, Enfield	2	Flat
£1,700	05/24	0.61 mi	Manton Road, Enfield	2	Flat

Local Area Statistics

Population in EN3	55,68755,687
Population in Enfield	130,248130,248
Town centre distance	3.41 miles away3.41 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.09 miles away0.09 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+5%+5%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+20%+20%

Property History

Listed for £225,000

February 17, 2025

Floor Plans

Description

Two Bedroom Ground Floor Apartment +
Offered with no onward Chain +
Communal Grounds, Gardens and Parking +
An Ideal Investment or First Time Buy +
Close Proximity to Enfield Lock Train Station +
Great access into both Tottenham Hale and London Liverpool Street +
EPC Rating B +
In need of Modernisation +
Private Gated Parking +
Situated in a Sought After Development +

KINGS GROUP are delighted to offer this TWO BEDROOM ground-floor flat nestled within a secure gated development! This chain-free gem offers not only peace of mind but also a vibrant community.
Step inside to discover spacious rooms perfect for comfortable living. The three-piece bathroom suite and a fitted kitchen. Convenience is key with Enfield Lock train station just a stone's throw away, providing direct access to Tottenham Hale and London Liverpool Street. Whether it's work or play, connectivity is at your fingertips.

With the potential for a hassle-free buy-to-let investment, this property boasts a promising rental income ranging from £19,000 to £20,000 per annum. Don't let this opportunity slip by—whether you're looking to step onto the property ladder or expand your investment portfolio, this flat promises both comfort and potential returns. Contact us today to seize this promising opportunity!

Lease Term 99 Years from 15/08/2002 (76 remains)
Ground Rent Approx £20 PA as advised by our client.
Service Charge £332.10 inc Building Insurance
Flood Risk "Low"
Standard Construction - Brick and Tiled.

Agent Details

Kings Group, Enfield Highway

020 3879 5588

Next Steps?

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

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