2 Bed Terraced House, Refurb/BRRR, London, N18 1EZ, £350,000

Hawthorn Road, Edmonton, N18 1EZ - 6 views - 2 months ago

Sold STC
Cash
Refurb/BRRR
ROI: 4%
~68 m²
+6 photos

ValuationUndervalued

Sold Prices£322K - £475K
Sold Prices/m²£3.7K/m² - £6.6K/m²

 

 

Square Metres

~68.11 m²
Price/m²£5.1K/m²

Value Estimate

£357,570
BMV2%

 

 

End Value (After Refurb)

£331,709

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£87,500

Stamp Duty & Legal Fees

£16,700

Refurb Costs

£36,059

Bridging Loan Interest

£9,188

Total Cash In

£151,196

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£331,709

Mortgage (After Refinance)

£248,782

Mortgage LTV

75%

Cash Left In

£151,196

Equity

£82,927

Rent Range

£1,450 - £3,500

Rent Estimate

£1,931

Running Costs/mo

£1,443

Cashflow/mo

£488

Cashflow/yr

£5,859

ROI

4%

Gross Yield

7%

Local Sold Prices

50 sold prices from £322K to £475K, average is £385K. £3.7K/m² to £6.6K/m², average is £5.2K/m².

PriceDateDistanceAddressBeds 
£365K03/210.06 mi71, Hawthorn Road, London, Greater London N18 1EY2
£365K03/210.06 mi71, Hawthorn Road, London, Greater London N18 1EY2
£400K02/230.06 mi13, Pretoria Road North, London, Greater London N18 1EU2
£440K08/230.07 mi74, Somerset Road, London, Greater London N18 1HG2
£435K09/230.12 mi16, Lancaster Road, Edmonton, London, Greater London N18 1HP2
£415.5K08/230.12 mi23, Lancaster Road, Edmonton, London, Greater London N18 1HP2
£395K06/210.25 mi11, Giffard Road, London, Greater London N18 1DR2
£395K06/210.25 mi11, Giffard Road, London, Greater London N18 1DR2
£400K01/230.31 mi18, Hardinge Road, London, Greater London N18 1DP2
£330K01/210.31 mi9, Hardinge Road, London, Greater London N18 1DP2
£397.5K09/220.34 mi74, Wilbury Way, London, Greater London N18 1BY2
£475K11/220.34 mi19, Warwick Road, Edmonton, London, Greater London N18 1RR2
£375K02/210.38 mi5, Middleham Gardens, London, Greater London N18 2SE2
£348K10/200.38 mi19, Sheldon Road, London, Greater London N18 1RQ2
£362K06/210.38 mi5, Sheldon Road, London, Greater London N18 1RQ2
£322K01/210.39 mi34, Ingleton Road, London, Greater London N18 2RU2
£387K03/230.39 mi36, Ingleton Road, London, Greater London N18 2RU2
£392K04/230.39 mi10, Ingleton Road, London, Greater London N18 2RU2
£385K02/230.4 mi139, Raynham Avenue, London, Greater London N18 2BT2
£460K04/230.41 mi5, Denton Road, London, Greater London N18 1RU2
£400K03/230.42 mi62, Wilbury Way, London, Greater London N18 1BZ2
£400K12/220.42 mi17, Pretoria Road, London, Greater London N17 8DX2
£407K07/230.43 mi25, Middlesborough Road, London, Greater London N18 2AR2
£410K02/210.44 mi68, Weir Hall Avenue, London, Greater London N18 1EE2
£360K05/210.45 mi37, Haselbury Road, London, Greater London N18 1PZ2
£392K06/210.47 mi55, Lopen Road, London, Greater London N18 1PN2
£385K11/210.47 mi23, Haselbury Road, London, Greater London N18 1PZ2
£388K09/210.49 mi117, Bulwer Road, London, Greater London N18 1QH2
£395K09/210.5 mi18, Hewish Road, London, Greater London N18 1PS2
£355K01/210.51 mi76, Middleham Road, London, Greater London N18 2SD2
£397.5K04/210.52 mi98, Bulwer Road, London, Greater London N18 1QQ2
£410K04/230.53 mi4, Hythe Close, London, Greater London N18 2PZ2
£376K06/210.54 mi13, Henley Road, London, Greater London N18 1NU2
£370K10/230.54 mi42, Pycroft Way, London, Greater London N9 9XY2
£373K02/230.55 mi93, Middleham Road, London, Greater London N18 2RZ2
£382K11/200.56 mi37, Huxley Road, London, Greater London N18 1NW2
£350K10/200.57 mi16, Huxley Road, London, Greater London N18 1NN2
£330K04/210.58 mi6, St Peters Avenue, London, Greater London N18 2PX2
£390K05/230.6 mi15, York Road, London, Greater London N18 2JZ2
£364K09/210.6 mi11, York Road, London, Greater London N18 2JZ2
£385K03/230.63 mi4, North Avenue, London, Greater London N18 2PS2
£340K05/210.63 mi33, Shrubbery Road, London, Greater London N9 0PA2
£335.5K10/200.63 mi2a, Sunnyside Road South, London, Greater London N9 9ST2
£385K06/210.64 mi10, Dunholme Road, London, Greater London N9 9NW2
£370K06/210.64 mi23, Leyburn Road, London, Greater London N18 2BG2
£370K03/230.65 mi36, Argyle Road, London, Greater London N18 2PP2
£390K06/210.65 mi109, Cheddington Road, London, Greater London N18 1LU2
£385K11/210.65 mi24, Middleham Road, London, Greater London N18 2SB2
£455K02/230.66 mi88, Cheddington Road, London, Greater London N18 1LR2
£353K02/210.68 mi13, Sunnyside Road East, London, Greater London N9 9SP2

Local Rents

50 rents from £1.4K/mo to £3.5K/mo, average is £1.9K/mo.

RentDateDistanceAddressBeds 
£1,95006/240.13 miLancaster Road, Edmonton2
£1,75003/250.23 mi-2
£2,05012/240.25 mi-2
£1,95003/250.25 mi-2
£2,20003/250.25 mi-2
£1,70012/240.3 mi-2
£2,00012/240.3 mi-2
£1,74506/240.31 miVictoria Road,2
£1,69506/240.31 miVictoria Road,2
£1,80003/250.31 mi-2
£1,45012/240.32 mi-2
£1,80005/240.32 mi-2
£1,75001/250.32 mi-2
£1,60001/250.33 mi-2
£1,80003/250.35 mi-2
£1,80005/240.36 mi2 Bedroom Flat – Academia Way, White Hart Lane N172
£1,70001/250.37 mi-2
£1,59005/240.37 miWarwick Road, Edmonton, N182
£2,05005/240.38 mi-2
£2,50002/250.38 mi-2
£1,70006/240.38 miBrantwood Road, Tottenham, London, N172
£2,00006/240.39 mi-2
£1,60012/240.39 mi-2
£1,80007/240.4 mi-2
£1,85006/240.41 miLeyburn Grove, Edmonton, London2
£1,90005/240.41 mi-2
£1,65003/250.43 mi-2
£1,85005/240.44 mi-2
£1,80003/250.44 mi-2
£1,60006/240.44 miSomerset Hall, Creighton Road, Tottenham N172
£1,82512/240.44 mi-2
£1,70012/240.45 mi-2
£1,90003/250.45 mi-2
£1,97503/250.45 mi-2
£2,50006/240.45 miCreighton Road, N172
£1,75003/250.45 mi-2
£2,15012/240.46 mi-2
£1,85002/250.46 mi-2
£1,80012/240.47 mi-2
£1,85003/250.47 mi-2
£1,90001/250.47 mi-2
£3,50002/250.49 mi-2
£1,85003/250.49 mi-2
£1,80002/250.5 mi-2
£2,49501/250.5 mi-2
£2,49502/250.5 mi-2
£2,39502/250.5 mi-2
£2,34502/250.5 mi-2
£2,34502/250.5 mi-2
£2,34502/250.5 mi-2

Local Area Statistics

Population in N18

31,598

Population in London

4,771,921

Town centre distance

5.99 miles away

Nearest school

0.20 miles away

Nearest train station

0.23 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+19%

Sales demand

Buyer's market

Capital growth (5yrs)

+10%

Property History

Listed for £350,000

February 19, 2025

Floor Plans

Description

  • Two bedrooms +
  • Victorian House +
  • End of terrace +
  • Two interconnecting receptions +
  • Kitchen +
  • First floor shower room +
  • Gas central heating +
  • Front and rear gardens +

Cash buyers wanted for two bedroom end of terrace Victorian house requiring full modernisation. Located within easy walking distance of Fore Street's shops, restaurants, bus routes, Silver Street mainline station and the North Middlesex Hospital. The A406 and A10 also provide excellent road links into London and beyond.

The property consists of two interconnecting reception rooms, a kitchen with door to garden, spacious first floor shower room, two good size bedrooms, gas central heating, front and rear gardens.

Enfield Council Tax Band C

Agent Details

Anthony Webb Estate Agents, Palmers Green

020 3869 5421

Next Steps?

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