2 Bed Flat, Single Let, London, N3 3DA, £325,000

Basing Way, Finchley, N3 3DA - 2 views - a month ago

Leasehold
BTL
ROI: 3%
~68 m²
+2 photos

ValuationUndervalued

Sold Prices£262K - £931K
Sold Prices/m²£4K/m² - £10K/m²

 

 

Square Metres

~68.11 m²
Price/m²£4.8K/m²

Value Estimate

£396,500
BMV22%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£81,250

Stamp Duty & Legal Fees

£21,200

Total Cash In

£102,450

 

 

Cash Out

 

Rent Range

£1,550 - £2,595

Rent Estimate

£1,563

Running Costs/mo

£1,348

Cashflow/mo

£215

Cashflow/yr

£2,577

ROI

3%

Gross Yield

6%

Local Sold Prices

50 sold prices from £262K to £931K, average is £425K. £4K/m² to £10K/m², average is £7K/m².

PriceDateDistanceAddressBeds 
£325K11/200.01 mi120, Basing Way, London, Greater London N3 3DA2
£350K10/200.09 mi57, Basing Way, London, Greater London N3 3BP2
£382.5K03/230.12 mi33, Amberden Avenue, London, Greater London N3 3DE2
£320K12/220.12 mi19, Amberden Avenue, London, Greater London N3 3DE2
£415K02/240.2 miCranbourne Court, Flat 3, Briar Close, London, Greater London N2 0SD2
£445K03/230.2 miFlat 15, Cranbourne Court, Briar Close, London, Greater London N2 0SD2
£931K05/210.26 mi93, Lichfield Grove, London, Greater London N3 2JL2
£575K12/220.27 mi10, Rosemary Avenue, London, Greater London N3 2QN2
£420K12/200.28 mi15, Orchard Avenue, London, Greater London N3 3NL2
£420K12/200.28 mi15, Orchard Avenue, London, Greater London N3 3NL2
£400K04/210.35 mi47a, Lichfield Grove, London, Greater London N3 2JJ2
£430K09/230.37 miFlat 13, Ellerton Lodge, East End Road, London, Greater London N3 3QH2
£385K06/230.37 miFlat 24, Ellerton Lodge, East End Road, London, Greater London N3 3QH2
£463K01/210.38 mi1, Denison Close, London, Greater London N2 0JT2
£450K06/210.38 mi24, Denison Close, London, Greater London N2 0JT2
£358K12/200.38 mi134a, East End Road, London, Greater London N2 0RZ2
£420K05/210.4 mi27, Denison Close, London, Greater London N2 0JT2
£440K11/200.4 mi190a, Squires Lane, London, Greater London N3 2QT2
£470K11/200.4 mi196, Squires Lane, London, Greater London N3 2QT2
£475K12/220.4 mi61, Beaufort Park, London, Greater London NW11 6BT2
£420K05/210.4 mi27, Denison Close, London, Greater London N2 0JT2
£415K09/210.4 miFlat 24, Derby Lodge, East End Road, London, Greater London N3 3QG2
£380K01/210.4 miFlat 6, Derby Lodge, East End Road, London, Greater London N3 3QG2
£355K02/230.4 miFlat 14, Derby Lodge, East End Road, London, Greater London N3 3QG2
£431K06/210.41 mi40, Denison Close, London, Greater London N2 0JU2
£440K06/210.42 mi42, Denison Close, London, Greater London N2 0JU2
£390K03/210.42 mi110, Beaufort Park, London, Greater London NW11 6BY2
£610K01/210.43 miFlat 11, Mayflower Lodge, Regents Park Road, London, Greater London N3 3HU2
£575K10/220.43 miFlat 65, Mayflower Lodge, Regents Park Road, London, Greater London N3 3HX2
£360K01/230.44 mi129, Beaufort Park, London, Greater London NW11 6BY2
£385K05/240.44 mi41, Beaufort Park, London, Greater London NW11 6BS2
£450K03/210.44 mi129, Ossulton Way, London, Greater London N2 0JS2
£308K08/230.46 mi170d, Long Lane, London, Greater London N3 2RA2
£407.5K07/230.46 miFlat 3, Warwick Court, Ossulton Way, London, Greater London N2 0LG2
£366K01/210.47 mi156a, East End Road, London, Greater London N2 0RY2
£495K10/210.47 mi40, Hill Top, London, Greater London NW11 6EE2
£575K09/210.49 mi26, Sedgemere Avenue, London, Greater London N2 0SX2
£558.8K12/230.49 mi6, Sedgemere Avenue, London, Greater London N2 0SX2
£555K03/230.49 mi16a, Sedgemere Avenue, London, Greater London N2 0SX2
£262K06/210.49 miFlat 2, Bibsworth Lodge, Bibsworth Road, London, Greater London N3 3RN2
£262K06/210.5 miFlat 2, Bibsworth Lodge, Bibsworth Road, London, Greater London N3 3RN2
£415K05/210.5 miFlat 12, Branksome Court, East End Road, London, Greater London N2 0RX2
£410K06/210.5 miFlat 6, Branksome Court, East End Road, London, Greater London N2 0RX2
£565K09/210.5 mi34, Redbourne Avenue, London, Greater London N3 2BS2
£560K09/210.51 mi52, Neale Close, London, Greater London N2 0LF2
£455K10/200.52 miFlat 1, Clifford Lodge, Bibsworth Road, London, Greater London N3 3RS2
£555K06/210.52 miFlat 17, Chessington Lodge, Regents Park Road, London, Greater London N3 3AA2
£567.5K11/220.52 miFlat 26, Chessington Lodge, Regents Park Road, London, Greater London N3 3AA2
£592K07/240.53 mi33a, Sedgemere Avenue, London, Greater London N2 0SY2
£560K06/210.53 mi43, Sedgemere Avenue, London, Greater London N2 0SY2

Local Rents

50 rents from £1.6K/mo to £2.6K/mo, average is £1.9K/mo.

RentDateDistanceAddressBeds 
£1,75005/240.04 miBasing Way, LONDON2
£1,85008/240.04 miBasing Way, Finchley, N32
£1,70005/240.09 miBasing Way, LONDON2
£1,55007/240.17 miKingsgate Avenue, London, N32
£1,55007/240.17 mi-2
£2,59510/240.2 mi-2
£2,10011/240.21 mi-2
£2,00003/250.21 mi-2
£1,80007/240.21 miGlenhill Close, Finchley, N32
£2,25005/240.24 miOrchard Avenue, Finchley, N32
£1,79506/240.24 mi-2
£2,10002/240.25 mi-2
£2,35007/240.25 miMountfield Road, Finchley, N32
£1,84909/240.26 mi-2
£1,79910/240.26 mi-2
£1,70007/240.26 miEast End Road, Finchley, N32
£1,95006/240.29 miStation Road, Finchley, N32
£1,80007/240.29 miGlenhill Close, Finchley, N32
£1,92502/250.3 mi-2
£2,10008/240.31 miCavendish Avenue, Finchley Central, London2
£1,75007/240.31 miGlenhill Close (MS075), Finchley. N32
£1,80005/240.32 miGlenhill Close, Finchley, N32
£2,50006/240.33 miSpencer Close, Finchley, N32
£1,70005/240.33 miStation Road, Finchley2
£2,20002/250.33 mi-2
£1,70003/250.34 mi-2
£2,00008/240.34 miStation Road ,Finchley Central, N3 2
£1,80005/240.34 miGlenhill Close, Finchley, N32
£1,80009/240.34 mi-2
£1,85011/240.34 mi-2
£1,95005/240.35 mi-2
£2,05007/240.36 miStanhope Avenue, Finchley, N32
£1,75102/250.36 mi-2
£2,20005/240.36 miEast End Road, London, N32
£1,85005/240.36 miLichfield Grove, Finchley Central, N32
£1,75007/240.36 mi-2
£1,80004/250.36 mi-2
£1,60006/240.36 miMountfield Road, Finchley, N32
£1,90008/240.37 miFabian Court, 57-59 Station Road, Finchley Central2
£1,95005/240.38 miDenison Close London N22
£2,00006/240.38 miMountfield Road, Finchley2
£1,95005/240.38 miDenison Close, Hampstead Garden Suburb, N22
£1,75005/240.38 mi-2
£1,80007/240.39 miHolyoake Walk, East Finchley, N22
£2,00005/240.39 miSpencer Close, Finchley2
£1,80003/250.39 mi-2
£1,80003/250.39 mi-2
£2,20006/240.39 miSpencer Close, Regents Park Road, London N32
£2,10010/240.39 mi-2
£1,97509/240.39 mi-2

Local Area Statistics

Population in N3

26,584

Population in London

4,771,921

Town centre distance

5.80 miles away

Nearest school

0.20 miles away

Nearest train station

0.49 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-30%

Sales demand

Buyer's market

Capital growth (5yrs)

+19%

Property History

Listed for £325,000

March 3, 2025

Floor Plans

Description

  • Two double bedrooms +
  • Ground Floor +
  • Purpose built block +
  • Chain free +
  • Separate kitchen +
  • Ample parking +
  • Barnet council tax band C +

Chain free A two-bedroom ground floor flat, perfectly situated close to local amenities and excellent transport links, including Finchley Central underground station.

This well-appointed property features a 15ft reception room, a fitted kitchen, a family bathroom, and two double bedrooms. Further benefits include communal gardens, ample parking throughout the development, and plenty of storage options.

This flat is an ideal opportunity for first-time buyers to enter the market.

Lease: 84 years
Ground Rent: Peppercorn
Service Charge: Approximately £1468 per annum

Agent Details

Squires Estates, Finchley

020 3856 3963

Next Steps?

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