2 Bed Flat, Single Let, Enfield, EN3 6QJ, £260,000

Holmwood Road, Enfield, EN3 6QJ - 1 views - 2 months ago

Leasehold

BTL

ROI: 5%

~68 m²

+13 photos

ValuationUndervalued

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

Square Metres	~68.11 m²
Price/m²	£3.8K/m²
Value Estimate	£316,207£316,207
BMV	22%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£65,000£65,000
Stamp Duty & Legal Fees	£9,500£9,500
Total Cash In	£74,500£74,500

Cash Out
Rent Range	£1,400 - £2,150£1,400 - £2,150
Rent Estimate	£1,400
Running Costs/mo	£1,113£1,113
Cashflow/mo	£288£288
Cashflow/yr	£3,450£3,450
ROI	5%5%
Gross Yield	6%6%

Local Sold Prices

33 sold prices from £135K to £341K, average is £250K. £3.6K/m² to £5.7K/m², average is £4.6K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£242.5K	04/23	0.12 mi	2c, Putney Road, Enfield, Greater London EN3 6NJ	£4,254	57	2	Flat
£250K	10/20	0.16 mi	113, Cunningham Avenue, Enfield, Greater London EN3 6LA	£4,545	55	2	Flat
£250K	10/20	0.17 mi	113, Cunningham Avenue, Enfield, Greater London EN3 6LA	£4,545	55	2	Flat
£300K	04/23	0.17 mi	40a, Allandale Road, Enfield, Greater London EN3 6SB	-	-	2	Flat
£255K	03/23	0.33 mi	43a, Ordnance Road, Enfield, Greater London EN3 6UT	£3,592	71	2	Flat
£250K	03/23	0.37 mi	126b, Ordnance Road, Enfield, Greater London EN3 6BU	£5,000	50	2	Flat
£250K	12/22	0.37 mi	120b, Ordnance Road, Enfield, Greater London EN3 6BU	£4,950	51	2	Flat
£285K	01/21	0.4 mi	167, Ordnance Road, Enfield, Greater London EN3 6AD	£5,700	50	2	Flat
£341K	05/21	0.45 mi	13a, Turkey Street, Enfield, Greater London EN3 5TT	£4,372	78	2	Flat
£234.5K	03/21	0.58 mi	42, Bridle Close, Enfield, Greater London EN3 6EA	£5,453	43	2	Flat
£234.5K	03/21	0.58 mi	42, Bridle Close, Enfield, Greater London EN3 6EA	£5,453	43	2	Flat
£285K	08/23	0.58 mi	20, Bridle Close, Enfield, Greater London EN3 6EA	£4,524	63	2	Flat
£236K	03/21	0.58 mi	21, Bridle Close, Enfield, Greater London EN3 6EA	£4,000	59	2	Flat
£226K	02/21	0.58 mi	30, Bridle Close, Enfield, Greater London EN3 6EA	£4,809	47	2	Flat
£227.5K	12/20	0.62 mi	60, Bridle Close, Enfield, Greater London EN3 6EB	£4,740	48	2	Flat
£270K	02/21	0.62 mi	65, Bridle Close, Enfield, Greater London EN3 6EB	£3,857	70	2	Flat
£235K	02/23	0.62 mi	64, Bridle Close, Enfield, Greater London EN3 6EB	£3,917	60	2	Flat
£275K	11/20	0.78 mi	458, Hertford Road, Enfield, Greater London EN3 5QH	£4,297	64	2	Flat
£275K	03/21	0.84 mi	20, Riley Road, Enfield, Greater London EN3 5QB	-	-	2	Flat
£222K	01/21	0.85 mi	Flat 30, Maple Leaf Court, Cross Road, Waltham Cross, Hertfordshire EN8 7HU	-	-	2	Flat
£250K	03/21	0.87 mi	66, Foundry Gate, Waltham Cross, Hertfordshire EN8 7HR	£4,098	61	2	Flat
£275K	11/21	0.87 mi	62, Foundry Gate, Waltham Cross, Hertfordshire EN8 7HR	£4,741	58	2	Flat
£255K	01/21	0.87 mi	22, Foundry Gate, Waltham Cross, Hertfordshire EN8 7HR	£4,048	63	2	Flat
£267.5K	08/21	0.88 mi	140, Maltby Drive, Enfield, Greater London EN1 4EW	£5,047	53	2	Flat
£233K	09/21	0.89 mi	Flat 17, Sawyers Court, Sturlas Way, Waltham Cross, Hertfordshire EN8 7BJ	-	-	2	Flat
£168K	04/21	0.89 mi	Flat 33, Sawyers Court, Sturlas Way, Waltham Cross, Hertfordshire EN8 7BJ	-	-	2	Flat
£220K	03/23	0.89 mi	259, Maltby Drive, Enfield, Greater London EN1 4ES	-	-	2	Flat
£135K	11/22	0.9 mi	46, Stainton Road, Enfield, Greater London EN3 5JS	-	-	2	Flat
£245K	10/21	0.91 mi	34, Shepley Mews, Enfield, Greater London EN3 6JP	£4,949	50	2	Flat
£237K	04/23	0.93 mi	Flat 22, Burlington House, Swanfield Road, Waltham Cross, Hertfordshire EN8 7FG	-	-	2	Flat
£257K	06/23	0.95 mi	55, Stainton Road, Enfield, Greater London EN3 5JP	£5,636	46	2	Flat
£293K	11/22	0.99 mi	5, Aldis Mews, Enfield, Greater London EN3 6YE	£5,327	55	2	Flat
£304K	04/23	0.99 mi	6a, Royal Avenue, Waltham Cross, Hertfordshire EN8 7QS	-	-	2	Flat

Local Rents

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

Rent	Date	Distance	Address	Beds	Type
£1,500	03/24	0.1 mi	-	2	Flat
£1,800	01/25	0.13 mi	-	2	Flat
£1,650	05/24	0.15 mi	Westonia Court, Hertford Road Enfield	2	Flat
£1,700	04/25	0.16 mi	-	2	Flat
£1,995	04/24	0.17 mi	-	2	Flat
£1,900	10/24	0.17 mi	-	2	Flat
£1,900	11/24	0.17 mi	-	2	Flat
£1,600	03/24	0.19 mi	Cunningham Avenue, Enfield	2	Flat
£1,550	02/24	0.2 mi	-	2	Flat
£1,450	02/25	0.2 mi	-	2	Flat
£1,890	12/24	0.24 mi	-	2	Flat
£1,895	12/24	0.24 mi	-	2	Flat
£1,800	05/24	0.26 mi	Larmans Road, Enfield, London, EN3	2	Flat
£1,950	04/24	0.27 mi	Raynton Road, Enfield, EN3	2	Flat
£1,800	04/24	0.36 mi	Vernon Avenue, Enfield, London, EN3	2	Semi-Detached House
£2,150	02/25	0.37 mi	-	2	Semi-Detached House
£2,150	02/25	0.37 mi	-	2	Semi-Detached House
£2,150	02/25	0.37 mi	-	2	Semi-Detached House
£2,100	02/25	0.37 mi	-	2	Semi-Detached House
£2,100	03/25	0.37 mi	-	2	Semi-Detached House
£2,100	03/25	0.37 mi	-	2	Semi-Detached House
£1,800	03/25	0.42 mi	-	2	Flat
£1,650	03/24	0.43 mi	-	2	Flat
£1,650	04/24	0.43 mi	-	2	Semi-Detached House
£1,650	12/24	0.44 mi	-	2	Flat
£1,800	05/24	0.44 mi	-	2	Flat
£1,800	04/24	0.44 mi	Malvern Road, Enfield Lock, EN3	2	Flat
£1,600	04/24	0.46 mi	Beaconsfield Road, Enfield	2	Flat
£1,400	05/24	0.46 mi	-	2	Flat
£1,400	04/24	0.46 mi	-	2	Flat
£1,600	03/24	0.47 mi	Element House, 74 Tysoe Avenue, Enfield, Greater London, EN3 6FG	2	Flat
£1,850	11/24	0.49 mi	-	2	Flat
£1,750	04/24	0.49 mi	Cameron Drive, Waltham Cross, Hertfordshire, EN8	2	Terraced House
£1,600	04/24	0.49 mi	Kempe Road, Enfield	2	Flat
£1,750	02/25	0.51 mi	-	2	Flat
£1,500	04/24	0.57 mi	-	2	Flat
£2,100	03/25	0.6 mi	-	2	Flat
£2,100	03/25	0.6 mi	-	2	Flat
£1,550	03/25	0.6 mi	-	2	Flat
£1,550	04/25	0.6 mi	-	2	Flat

Local Area Statistics

Population in EN3	55,68755,687
Population in Enfield	130,248130,248
Town centre distance	3.19 miles away3.19 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.49 miles away0.49 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 £260,000

February 18, 2025

Floor Plans

Description

2 double bedrooms +
Security entryphone +
Double glazing +
Gas central heating +
Spacious living room +
Fitted kitchen +
Bathroom and separate WC +
Close to amenities +
Viewing recommended +

A well presented 2 double bedroom 1st floor purpose built flat located off the Hertford Road in Freezywater within 1 mile of Waltham Cross town centre and train station. The property would be an ideal first time buy or buy to let investment. Features include:- security entryphone, double glazing, gas central heating, spacious living room, fitted kitchen, bathroom and separate WC, close to amenities, viewing recommended.