2 Bed Flat, Single Let, Potters Bar, EN6 2HW, £350,000

Darkes Lane, Barnet, Potters Bar, EN6 2HW - 2 months ago

Leasehold

BTL

ROI: 2%

~68 m²

+9 photos

ValuationOvervalued

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

Square Metres	~68.11 m²
Price/m²	£5.1K/m²
Value Estimate	£338,880£338,880

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£87,500£87,500
Stamp Duty & Legal Fees	£16,700£16,700
Total Cash In	£104,200£104,200

Cash Out
Rent Range	£1,395 - £2,950£1,395 - £2,950
Rent Estimate	£1,606
Running Costs/mo	£1,435£1,435
Cashflow/mo	£171£171
Cashflow/yr	£2,053£2,053
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
£302K	10/22	0.08 mi	19, Baker Street, Potters Bar, Hertfordshire EN6 2DZ	£5,922	51	2	Flat
£348K	04/21	0.08 mi	10, Weston Close, Potters Bar, Hertfordshire EN6 2BQ	-	-	2	Flat
£590K	09/21	0.1 mi	171, Mutton Lane, Potters Bar, Hertfordshire EN6 2AN	-	-	2	Flat
£370K	01/21	0.17 mi	40, Aberdale Gardens, Potters Bar, Hertfordshire EN6 2JN	£6,167	60	2	Flat
£380K	03/21	0.17 mi	62, Aberdale Gardens, Potters Bar, Hertfordshire EN6 2JN	£6,134	62	2	Flat
£385K	01/23	0.17 mi	74, Aberdale Gardens, Potters Bar, Hertfordshire EN6 2JN	-	-	2	Flat
£410.3K	12/22	0.2 mi	70a, Strafford Gate, Potters Bar, Hertfordshire EN6 1PL	£6,312	65	2	Flat
£255K	01/23	0.21 mi	Flat 24, Seabrook Court, Station Close, Potters Bar, Hertfordshire EN6 1TG	-	-	2	Flat
£225K	09/22	0.21 mi	Flat 26, Seabrook Court, Station Close, Potters Bar, Hertfordshire EN6 1TG	-	-	2	Flat
£300K	01/21	0.21 mi	Flat 32, Seabrook Court, Station Close, Potters Bar, Hertfordshire EN6 1TG	-	-	2	Flat
£300K	06/21	0.21 mi	Flat 18, Seabrook Court, Station Close, Potters Bar, Hertfordshire EN6 1TG	-	-	2	Flat
£369K	06/21	0.4 mi	16, Dugdale Hill Lane, Potters Bar, Hertfordshire EN6 2DW	£8,022	46	2	Flat
£370.5K	04/21	0.43 mi	117, Dugdale Hill Lane, Potters Bar, Hertfordshire EN6 2DS	£3,463	107	2	Flat
£455K	09/21	0.44 mi	Flat 15, The Briers, The Walk, Potters Bar, Hertfordshire EN6 1QE	-	-	2	Flat
£450K	05/21	0.44 mi	Flat 11, The Briers, The Walk, Potters Bar, Hertfordshire EN6 1QE	-	-	2	Flat
£299.9K	04/23	0.51 mi	49, Bornedene, Potters Bar, Hertfordshire EN6 3EL	-	-	2	Flat
£275K	04/21	0.52 mi	75, Bornedene, Potters Bar, Hertfordshire EN6 3EN	£4,661	59	2	Flat
£278.5K	12/20	0.55 mi	38, Cranborne Close, Potters Bar, Hertfordshire EN6 3AU	£3,868	72	2	Flat
£347.5K	02/21	0.65 mi	1, Rosary Court, Potters Bar, Hertfordshire EN6 1HA	-	-	2	Flat
£372.5K	03/21	0.65 mi	5, Rosary Court, Potters Bar, Hertfordshire EN6 1HA	£6,535	57	2	Flat
£368K	11/22	0.65 mi	2, Rosary Court, Potters Bar, Hertfordshire EN6 1HA	£6,394	58	2	Flat
£340K	06/21	0.79 mi	73, Church Road, Potters Bar, Hertfordshire EN6 1EY	£5,409	63	2	Flat
£295K	09/21	0.83 mi	2, Heathfield Close, Potters Bar, Hertfordshire EN6 1SW	£4,470	66	2	Flat
£355K	02/21	0.84 mi	21, Sandringham Road, Potters Bar, Hertfordshire EN6 1EX	£5,000	71	2	Flat
£235K	03/21	0.84 mi	Flat 35, Hertford Mews, Billy Lows Lane, Potters Bar, Hertfordshire EN6 1XW	-	-	2	Flat
£200K	03/23	0.84 mi	Flat 21, Hertford Mews, Billy Lows Lane, Potters Bar, Hertfordshire EN6 1XW	-	-	2	Flat
£215K	07/23	0.84 mi	Flat 3, Hertford Mews, Billy Lows Lane, Potters Bar, Hertfordshire EN6 1XW	-	-	2	Flat
£328K	03/21	0.85 mi	39, Heathfield Close, Potters Bar, Hertfordshire EN6 1SP	£4,896	67	2	Flat
£302K	02/21	0.87 mi	7, The Highlands, Potters Bar, Hertfordshire EN6 1HU	£4,951	61	2	Flat
£262K	04/21	0.88 mi	23, The Highlands, Potters Bar, Hertfordshire EN6 1HU	£4,441	59	2	Flat
£335K	01/23	0.91 mi	43, Heathfield Close, Potters Bar, Hertfordshire EN6 1SR	£4,792	70	2	Flat
£275K	03/21	0.92 mi	9, Chauncy Avenue, Potters Bar, Hertfordshire EN6 5LE	-	-	2	Flat
£330K	12/20	0.93 mi	1, Margarets Close, Potters Bar, Hertfordshire EN6 5LB	£5,976	55	2	Flat
£350K	05/21	0.95 mi	3, Norman Court, Potters Bar, Hertfordshire EN6 1HY	-	-	2	Flat

Local Rents

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

Rent	Date	Distance	Address	Beds	Type
£2,550	12/24	0.02 mi	-	2	Flat
£2,950	12/24	0.02 mi	-	2	Flat
£2,250	12/24	0.05 mi	-	2	Detached House
£1,690	04/24	0.07 mi	Weston Close, Potters Bar	2	Flat
£1,395	04/24	0.09 mi	Wyllyotts Close, Potters Bar, EN6	2	Flat
£1,750	12/24	0.11 mi	Mutton Lane, Potters Bar	2	Flat
£1,750	03/24	0.11 mi	Mutton Lane, Potters Bar	2	Flat
£1,650	04/24	0.13 mi	Albany Gate, Darkes Lane, Potters Bar, Hertfordshire, EN6	2	Flat
£1,695	04/24	0.14 mi	Darkes Lane, Potters Bar	2	Flat
£1,650	04/24	0.22 mi	Aberdale Gardens, Potters Bar, Hertfordshire, EN6	2	Flat
£1,500	03/24	0.25 mi	Darkes Lane, Potters Bar, EN6	2	Flat
£1,900	04/24	0.25 mi	The Picture House, 191-195 Darkes Lane, Potters Bar, Hertfordshire, EN6	2	Flat
£1,750	03/24	0.25 mi	The Picture House, 191-195 Darkes Lane, Potters Bar, Hertfordshire, EN6	2	Flat
£1,750	04/24	0.31 mi	Potters Bar	2	Flat
£1,750	04/24	0.31 mi	Darkes Lane, Potters Bar	2	Flat
£1,750	04/24	0.31 mi	The Picture House, Darkes Lane	2	Flat
£1,750	04/24	0.31 mi	Darkes Lane, Potters Bar	2	Semi-Detached House
£1,750	04/24	0.31 mi	Darkes Lane, Potters Bar	2	Semi-Detached House
£1,650	03/25	0.41 mi	-	2	Flat
£1,600	02/24	0.54 mi	-	2	Flat

Local Area Statistics

Population in EN6	29,06729,067
Population in Potters Bar	29,07529,075
Town centre distance	0.44 miles away0.44 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	0.10 miles away0.10 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 £350,000

February 24, 2025

Floor Plans

Description

Wonderful 2 bedroom flat on the second floor +
Bright and welcoming reception room with dining space +
Modern open-plan kitchen with integrated appliances +
2 well-proportioned bedrooms with fitted wardrobes +
Lovely private balcony with space to relax and entertain +
Smart family bathroom +
Excellently located moments from amenities and transport links +

Set on the second floor of a secure building, this lovely 2 bedroom flat boasts a bright open-plan reception room and kitchen as well as 2 good-sized bedrooms and a spacious private balcony.

The property is set just moments from the amenities and transport links of Potters Bar.

Please use the reference CHPK5269838 when contacting Foxtons.

Agent Details

Foxtons, Crouch End

020 3907 3785

Next Steps?

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

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ValuationOvervalued

CashflowsOpen in Analyser

Local Sold PricesDownload Show map

Local RentsDownload Show map

Links

Local Area Statistics

Property History

Floor Plans

Description

Agent Details

Next Steps?

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