2 Bed Flat, Single Let, London, N18 1EA, £325,000

Empire House, Edmonton, N18 1EA - 2 views - a month ago

Leasehold

BTL

ROI: 3%

~68 m²

+9 photos

ValuationUndervalued

Sold Prices	£202.7K - £470K
Sold Prices/m²	£3.2K/m² - £8.8K/m²

Square Metres	~68.11 m²
Price/m²	£4.8K/m²
Value Estimate	£385,638£385,638
BMV	19%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£81,250£81,250
Stamp Duty & Legal Fees	£14,700£14,700
Total Cash In	£95,950£95,950

Cash Out
Rent Range	£1,500 - £2,500£1,500 - £2,500
Rent Estimate	£1,563
Running Costs/mo	£1,348£1,348
Cashflow/mo	£215£215
Cashflow/yr	£2,577£2,577
ROI	3%3%
Gross Yield	6%6%

Local Sold Prices

50 sold prices from £202.7K to £470K, average is £320.5K. £3.2K/m² to £8.8K/m², average is £5.7K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£245K	07/22	0.4 mi	82, Wigston Close, London, Greater London N18 1XF	£4,737	52	2	Flat
£316K	04/21	0.46 mi	41, Courtman Road, London, Greater London N17 7HT	£6,583	48	2	Flat
£310K	04/21	0.48 mi	17, Academia Way, London, Greater London N17 8HE	£4,559	68	2	Flat
£320K	08/21	0.51 mi	Flat 37, Somerset Hall, Creighton Road, London, Greater London N17 8SH	-	-	2	Flat
£275K	11/20	0.51 mi	Flat 55, Somerset Hall, Creighton Road, London, Greater London N17 8SH	-	-	2	Flat
£290K	11/22	0.53 mi	Flat 46, Somerset Hall, Creighton Road, London, Greater London N17 8SH	-	-	2	Flat
£250K	08/22	0.58 mi	55, Tanners End Lane, London, Greater London N18 1PQ	£3,571	70	2	Flat
£275K	02/21	0.6 mi	20, St Pauls Rise, London, Greater London N13 6LB	£4,825	57	2	Flat
£301K	08/23	0.6 mi	22, St Pauls Rise, London, Greater London N13 6LB	£5,165	58	2	Flat
£255K	06/22	0.6 mi	49, Tanners End Lane, London, Greater London N18 1PQ	£5,835	44	2	Flat
£243K	02/23	0.6 mi	38, Tanners End Lane, London, Greater London N18 1PG	£3,197	76	2	Flat
£295K	08/21	0.62 mi	8, Cherry Blossom Close, London, Greater London N13 6BQ	£6,020	49	2	Flat
£290K	06/21	0.63 mi	233a, Tottenhall Road, London, Greater London N13 6DJ	-	-	2	Flat
£230K	06/22	0.63 mi	23, Dickens Lane, London, Greater London N18 1PH	£5,610	41	2	Flat
£251K	10/21	0.64 mi	14, Dickens Lane, London, Greater London N18 1PH	-	-	2	Flat
£340K	07/21	0.64 mi	78, The Roundway, London, Greater London N17 7HH	£6,071	56	2	Flat
£318K	08/21	0.66 mi	3, Topham Square, London, Greater London N17 7HL	£5,129	62	2	Flat
£335K	06/21	0.66 mi	13, Topham Square, London, Greater London N17 7HL	£4,085	82	2	Flat
£275K	02/21	0.66 mi	20, St Pauls Rise, London, Greater London N13 6LB	£4,825	57	2	Flat
£325K	02/21	0.67 mi	204, Millicent Grove, London, Greater London N13 6HS	-	-	2	Flat
£320K	03/23	0.67 mi	148, Millicent Grove, London, Greater London N13 6HS	-	-	2	Flat
£310K	03/24	0.67 mi	204, Millicent Grove, London, Greater London N13 6HS	£4,697	66	2	Flat
£305K	11/20	0.69 mi	192, Millicent Grove, London, Greater London N13 6HS	£5,545	55	2	Flat
£305K	05/21	0.74 mi	Flat 15, Rayleigh Court, New Road, Wood Green, London, Greater London N22 5EU	-	-	2	Flat
£426K	10/23	0.8 mi	91, Granville Road, Wood Green, London, Greater London N22 5LR	£8,285	51	2	Flat
£410.1K	02/21	0.81 mi	129a, Hazelwood Lane, London, Greater London N13 5HH	-	-	2	Flat
£390K	10/20	0.84 mi	9, Granville Road, Wood Green, London, Greater London N22 5LP	£5,652	69	2	Flat
£435K	10/20	0.85 mi	104, Maryland Road, London, Greater London N22 5AP	£7,632	57	2	Flat
£360K	06/21	0.85 mi	152, Maryland Road, London, Greater London N22 5AP	£6,429	56	2	Flat
£390K	02/21	0.85 mi	45, Granville Road, Wood Green, London, Greater London N22 5LP	-	-	2	Flat
£375K	06/21	0.85 mi	60, Granville Road, Wood Green, London, Greater London N22 5LY	£6,148	61	2	Flat
£405K	01/21	0.86 mi	155, Lyndhurst Road, London, Greater London N22 5AY	£8,100	50	2	Flat
£233K	02/22	0.87 mi	Flat 7, Bridport House, Colyton Way, London, Greater London N18 2XJ	-	-	2	Flat
£416.5K	03/21	0.87 mi	Ground Floor Maisonette, 142, Lyndhurst Road, London, Greater London N22 5AU	-	-	2	Flat
£418K	06/21	0.88 mi	222, Lyndhurst Road, London, Greater London N22 5AU	£7,085	59	2	Flat
£450K	01/23	0.88 mi	174, Lyndhurst Road, London, Greater London N22 5AU	£6,865	66	2	Flat
£400K	10/20	0.88 mi	Ground Floor Flat, 271, Mount Pleasant Road, London, Greater London N17 6HD	£5,797	69	2	Flat
£470K	06/21	0.89 mi	25, Boreham Road, London, Greater London N22 6SL	-	-	2	Flat
£321K	06/21	0.89 mi	28, Gascoigne Close, London, Greater London N17 8BA	£5,350	60	2	Flat
£425K	05/23	0.9 mi	Ground Floor Flat, 195, Westbury Avenue, London, Greater London N22 6RX	£7,456	57	2	Flat
£442K	08/24	0.91 mi	541, Lordship Lane, London, Greater London N22 5DN	£8,840	50	2	Flat
£349.9K	05/21	0.92 mi	Flat 5, Hazelwood House, New River Crescent, London, Greater London N13 5RE	-	-	2	Flat
£430K	01/23	0.92 mi	Flat 2, Hazelwood House, New River Crescent, London, Greater London N13 5RE	-	-	2	Flat
£415K	04/23	0.92 mi	52, Pembury Road, London, Greater London N17 8LY	-	-	2	Flat
£375K	06/23	0.92 mi	Flat 9, Gaven House, Broadwater Road, London, Greater London N17 6JB	-	-	2	Flat
£365K	06/21	0.92 mi	4b, Linley Road, London, Greater London N17 6RP	-	-	2	Flat
£307K	03/21	0.94 mi	69, Northumberland Park, London, Greater London N17 0TG	£6,532	47	2	Flat
£380K	12/22	0.95 mi	First Floor Flat, 42, Bruce Grove, London, Greater London N17 6RN	£5,672	67	2	Flat
£285K	11/22	0.95 mi	1, Taylor Close, London, Greater London N17 0UB	£4,914	58	2	Flat
£202.7K	10/21	0.96 mi	Flat 15, Martlesham, Adams Road, London, Greater London N17 6HT	-	-	2	Flat

Local Rents

23 rents from £1.5K/mo to £2.5K/mo, average is £1.8K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,700	05/24	0 mi	-	2	Flat
£1,700	05/24	0 mi	-	2	Flat
£1,700	05/24	0.02 mi	Empire House, N18, Edmonton, London, N18	2	Flat
£1,800	06/24	0.02 mi	Empire House, N18, Edmonton, London, N18	2	Flat
£1,800	07/24	0.35 mi	-	2	Flat
£1,500	05/24	0.37 mi	Huxley Parade, Great Cambridge Road, N18	2	Flat
£2,050	05/24	0.38 mi	-	2	Flat
£2,500	02/25	0.38 mi	-	2	Flat
£1,800	03/25	0.39 mi	-	2	Flat
£1,800	02/25	0.45 mi	-	2	Flat
£2,000	06/24	0.46 mi	-	2	Flat
£1,800	05/24	0.48 mi	2 Bedroom Flat – Academia Way, White Hart Lane N17	2	Flat
£1,600	06/24	0.51 mi	Somerset Hall, Creighton Road, Tottenham N17	2	Flat
£1,700	12/24	0.51 mi	-	2	Flat
£1,900	03/25	0.51 mi	-	2	Flat
£1,975	03/25	0.51 mi	-	2	Flat
£2,500	06/24	0.51 mi	Creighton Road, N17	2	Flat
£1,750	03/25	0.51 mi	-	2	Flat
£1,800	03/25	0.55 mi	-	2	Flat
£1,900	01/25	0.56 mi	-	2	Flat
£2,200	06/24	0.56 mi	Henningham Road, N17, Tottenham, London, N17	2	Terraced House
£1,800	05/24	0.57 mi	-	2	Flat
£1,800	03/25	0.59 mi	-	2	Flat

Local Area Statistics

Population in N18	31,59831,598
Population in London	4,771,9214,771,921
Town centre distance	5.66 miles away5.66 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.66 miles away0.66 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+19%+19%
Sales demand	Buyer's marketBuyer's market
Capital growth (5yrs)	+10%+10%

Property History

Listed for £325,000

February 22, 2025

Floor Plans

Description

Kings Are Pleased To Present This +
Spacious Two Double Bedroom Flat +
Situated On The First Floor +
Gated Private Development With Key Fob Entry +
Residents Allocated Parking & Store Shed +
Modern Kitchen With Appliances & Stylish Shower Room +
Sought After Location On Borders Of Tottenham +
85 Year Lease +
Service Charge £1200pa, Ground Rent £0 +
Council Tax Band C +

KINGS are pleased to present this IMPRESSIVE TWO DOUBLE BEDROOM FLAT, offering spacious living in a SOUGHT-AFTER GATED DEVELOPMENT. Located on the first floor, this home comes with ALLOCATED PARKING and secure KEY FOB ENTRY, ensuring both privacy and convenience.

The property is in IMMACULATE CONDITION throughout, with a welcoming entrance hall that leads to a generously sized lounge/diner, the modern kitchen is well equipped with integrated appliances and a breakfast bar. Two well-sized double bedrooms provide ample space, and the fully tiled shower room offers a stylish finish. Additional benefits include gas central heating, double glazing, an external STORE SHED and manicured communal grounds. All in all making this an ideal choice for first-time buyers being ready to MOVE STRAIGHT IN.

The flat is ideally located on the BORDERS OF TOTTENHAM, just moments from White Hart Lane, with excellent access to the A10 (Great Cambridge Road) and the North Circular Road (A406), making commuting a breeze. Local shops, bus routes, and North Middlesex Hospital are within walking distance, while nearby outstanding schools add to the area's appeal.

Council Tax Band C
Lease - 85 Years Remaining (125 years from 25 March 1985)
Service Charge - £1200 Per Annum
Ground Rent - £0 (Peppercorn)
Construction Type - Standard
Flood Risk - Rivers & Seas: No Risk, Surface Water: Very Low

Entrance Hall - 5.38m x 1.91m (17'8 x 6'3) -

Lounge/Diner - 4.75m x 3.61m (15'7 x 11'10) -

Kitchen - 3.71m x 2.97m (12'2 x 9'9) -

Bedroom One - 4.09m x 3.61m (13'5 x 11'10) -

Bedroom Two - 3.86m x 3.15m (12'8 x 10'4) -

Store Shed -

Exterior: Communal Grounds, Gardens And Parking -

Agent Details

Kings Group, Edmonton

020 3835 4075

Next Steps?

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

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