2 Bed Flat, Single Let, Potters Bar, EN6 1DN, £340,000

Darkes Lane, Potters Bar, EN6 1DN - 1 views - 2 months ago

Leasehold

BTL

ROI: 2%

~68 m²

+2 photos

ValuationFair Value

Sold Prices	£200K - £590K
Sold Prices/m²	£3.5K/m² - £8K/m²

Square Metres	~68.11 m²
Price/m²	£5K/m²
Value Estimate	£340,555£340,555

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£85,000£85,000
Stamp Duty & Legal Fees	£22,700£22,700
Total Cash In	£107,700£107,700

Cash Out
Rent Range	£1,395 - £2,950£1,395 - £2,950
Rent Estimate	£1,613
Running Costs/mo	£1,405£1,405
Cashflow/mo	£208£208
Cashflow/yr	£2,495£2,495
ROI	2%2%
Gross Yield	6%6%

Local Sold Prices

34 sold prices from £200K to £590K, average is £332.5K. £3.5K/m² to £8K/m², average is £5.2K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£255K	01/23	0.08 mi	Flat 24, Seabrook Court, Station Close, Potters Bar, Hertfordshire EN6 1TG	-	-	2	Flat
£225K	09/22	0.08 mi	Flat 26, Seabrook Court, Station Close, Potters Bar, Hertfordshire EN6 1TG	-	-	2	Flat
£300K	01/21	0.08 mi	Flat 32, Seabrook Court, Station Close, Potters Bar, Hertfordshire EN6 1TG	-	-	2	Flat
£300K	06/21	0.08 mi	Flat 18, Seabrook Court, Station Close, Potters Bar, Hertfordshire EN6 1TG	-	-	2	Flat
£410.3K	12/22	0.1 mi	70a, Strafford Gate, Potters Bar, Hertfordshire EN6 1PL	£6,312	65	2	Flat
£348K	04/21	0.18 mi	10, Weston Close, Potters Bar, Hertfordshire EN6 2BQ	-	-	2	Flat
£590K	09/21	0.18 mi	171, Mutton Lane, Potters Bar, Hertfordshire EN6 2AN	-	-	2	Flat
£302K	10/22	0.21 mi	19, Baker Street, Potters Bar, Hertfordshire EN6 2DZ	£5,922	51	2	Flat
£370K	01/21	0.27 mi	40, Aberdale Gardens, Potters Bar, Hertfordshire EN6 2JN	£6,167	60	2	Flat
£380K	03/21	0.27 mi	62, Aberdale Gardens, Potters Bar, Hertfordshire EN6 2JN	£6,134	62	2	Flat
£385K	01/23	0.27 mi	74, Aberdale Gardens, Potters Bar, Hertfordshire EN6 2JN	-	-	2	Flat
£455K	09/21	0.41 mi	Flat 15, The Briers, The Walk, Potters Bar, Hertfordshire EN6 1QE	-	-	2	Flat
£450K	05/21	0.41 mi	Flat 11, The Briers, The Walk, Potters Bar, Hertfordshire EN6 1QE	-	-	2	Flat
£369K	06/21	0.41 mi	16, Dugdale Hill Lane, Potters Bar, Hertfordshire EN6 2DW	£8,022	46	2	Flat
£299.9K	04/23	0.48 mi	49, Bornedene, Potters Bar, Hertfordshire EN6 3EL	-	-	2	Flat
£275K	04/21	0.5 mi	75, Bornedene, Potters Bar, Hertfordshire EN6 3EN	£4,661	59	2	Flat
£347.5K	02/21	0.51 mi	1, Rosary Court, Potters Bar, Hertfordshire EN6 1HA	-	-	2	Flat
£372.5K	03/21	0.51 mi	5, Rosary Court, Potters Bar, Hertfordshire EN6 1HA	£6,535	57	2	Flat
£368K	11/22	0.51 mi	2, Rosary Court, Potters Bar, Hertfordshire EN6 1HA	£6,394	58	2	Flat
£370.5K	04/21	0.52 mi	117, Dugdale Hill Lane, Potters Bar, Hertfordshire EN6 2DS	£3,463	107	2	Flat
£278.5K	12/20	0.53 mi	38, Cranborne Close, Potters Bar, Hertfordshire EN6 3AU	£3,868	72	2	Flat
£340K	06/21	0.66 mi	73, Church Road, Potters Bar, Hertfordshire EN6 1EY	£5,409	63	2	Flat
£295K	09/21	0.71 mi	2, Heathfield Close, Potters Bar, Hertfordshire EN6 1SW	£4,470	66	2	Flat
£355K	02/21	0.72 mi	21, Sandringham Road, Potters Bar, Hertfordshire EN6 1EX	£5,000	71	2	Flat
£328K	03/21	0.72 mi	39, Heathfield Close, Potters Bar, Hertfordshire EN6 1SP	£4,896	67	2	Flat
£235K	03/21	0.75 mi	Flat 35, Hertford Mews, Billy Lows Lane, Potters Bar, Hertfordshire EN6 1XW	-	-	2	Flat
£200K	03/23	0.75 mi	Flat 21, Hertford Mews, Billy Lows Lane, Potters Bar, Hertfordshire EN6 1XW	-	-	2	Flat
£215K	07/23	0.75 mi	Flat 3, Hertford Mews, Billy Lows Lane, Potters Bar, Hertfordshire EN6 1XW	-	-	2	Flat
£302K	02/21	0.75 mi	7, The Highlands, Potters Bar, Hertfordshire EN6 1HU	£4,951	61	2	Flat
£262K	04/21	0.76 mi	23, The Highlands, Potters Bar, Hertfordshire EN6 1HU	£4,441	59	2	Flat
£335K	01/23	0.78 mi	43, Heathfield Close, Potters Bar, Hertfordshire EN6 1SR	£4,792	70	2	Flat
£350K	05/21	0.84 mi	3, Norman Court, Potters Bar, Hertfordshire EN6 1HY	-	-	2	Flat
£275K	03/21	0.89 mi	9, Chauncy Avenue, Potters Bar, Hertfordshire EN6 5LE	-	-	2	Flat
£330K	12/20	0.9 mi	1, Margarets Close, Potters Bar, Hertfordshire EN6 5LB	£5,976	55	2	Flat

Local Rents

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

Rent	Date	Distance	Address	Beds	Type
£1,695	04/24	0 mi	Darkes Lane, Potters Bar	2	Flat
£1,650	04/24	0.01 mi	Albany Gate, Darkes Lane, Potters Bar, Hertfordshire, EN6	2	Flat
£1,395	04/24	0.1 mi	Wyllyotts Close, Potters Bar, EN6	2	Flat
£2,550	12/24	0.12 mi	-	2	Flat
£2,950	12/24	0.12 mi	-	2	Flat
£1,500	03/24	0.12 mi	Darkes Lane, Potters Bar, EN6	2	Flat
£1,900	04/24	0.12 mi	The Picture House, 191-195 Darkes Lane, Potters Bar, Hertfordshire, EN6	2	Flat
£1,750	03/24	0.12 mi	The Picture House, 191-195 Darkes Lane, Potters Bar, Hertfordshire, EN6	2	Flat
£2,250	12/24	0.14 mi	-	2	Detached House
£1,690	04/24	0.17 mi	Weston Close, Potters Bar	2	Flat
£1,750	04/24	0.18 mi	Potters Bar	2	Flat
£1,750	04/24	0.18 mi	Darkes Lane, Potters Bar	2	Flat
£1,750	04/24	0.18 mi	The Picture House, Darkes Lane	2	Flat
£1,750	04/24	0.18 mi	Darkes Lane, Potters Bar	2	Semi-Detached House
£1,750	04/24	0.18 mi	Darkes Lane, Potters Bar	2	Semi-Detached House
£1,750	12/24	0.19 mi	Mutton Lane, Potters Bar	2	Flat
£1,750	03/24	0.19 mi	Mutton Lane, Potters Bar	2	Flat
£1,650	04/24	0.33 mi	Aberdale Gardens, Potters Bar, Hertfordshire, EN6	2	Flat
£1,650	03/25	0.42 mi	-	2	Flat
£1,600	02/24	0.52 mi	-	2	Flat

Local Area Statistics

Population in EN6	29,06729,067
Population in Potters Bar	29,07529,075
Town centre distance	0.37 miles away0.37 miles away
Nearest train station	0.08 miles away0.08 miles away

Rental demand	Balanced marketBalanced market
Rental growth (12m)	+16%+16%
Sales demand	Buyer's marketBuyer's market
Capital growth (5yrs)	+14%+14%

Property History

Listed for £340,000

February 20, 2025

Floor Plans

Description

Luxury Develepment +
Two Bedroom +
Two Bathroom +
Open Plan Kitchen/Diner/Living Room +
Allocated Parking Space +
Chain Free +

An immaculately presented luxury two double bedroom, two bathroom apartment ideally located close to Potters Bar Railway Station and local amenities on Darkes Lane. Comprising of an open plan kitchen/dining/lounge, primary bedroom with en suite, a second double bedroom and family bathroom. Externally benefiting from one allocated parking space in a secure gated car park. The property is available chain free.

Communal Entrance
Telephone entry system. Lift and stairs to all floors.

Entrance Hall
Solid oak doors to all rooms. Entry phone system. Storage cupboard housing hot water tank and heating system. Wood laminate flooring.

Kitchen
Grey high gloss wall and base units with quartz worktop and upstand. Built in Neff electric oven, hob, extractor hood, microwave, fridge/freezer and dishwasher. Built in Hotpoint washing machine. Open plan to lounge/diner.

Lounge
Double glazed floor to ceiling windows to front. Wood laminate flooring. Radiators.

Main Bedroom
Double glazed floor to ceiling windows to front. Built in floor to ceiling mirrored wardrobes. Carpet flooring. Solid oak door to en suite. Radiator.

En Suite
Separate shower cubicle. Wash hand basin. Low level W.C. Vanity mirror with build in LED lighting. Heated towel rail. Tiled flooring. Fully tiled.

Bedroom Two
Double glazed floor to ceiling windows to front. Carpet flooring. Radiator.

Family Bathroom
Panel enclosed bath with shower over. Wash hand basin. Low level W.C. Vanity mirror with LED lighting. Heated towel rail. Tiled flooring. Fully tiled.

Additional Information

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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ValuationFair Value

CashflowsOpen in Analyser

Local Sold PricesDownload Show map

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Links

Local Area Statistics

Property History

Floor Plans

Description

Agent Details

Next Steps?

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