2 Bed Flat, Single Let, London, N18 2DT, £280,000

Culpepper Close, London, N18 2DT - 1 views - a month ago

Leasehold

BTL

ROI: 5%

~68 m²

+6 photos

ValuationUndervalued

Sold Prices	£230K - £342K
Sold Prices/m²	£4K/m² - £7.2K/m²

Square Metres	~68.11 m²
Price/m²	£4.1K/m²
Value Estimate	£333,867£333,867
BMV	19%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£70,000£70,000
Stamp Duty & Legal Fees	£16,700£16,700
Total Cash In	£86,700£86,700

Cash Out
Rent Range	£1,450 - £4,000£1,450 - £4,000
Rent Estimate	£1,556
Running Costs/mo	£1,206£1,206
Cashflow/mo	£350£350
Cashflow/yr	£4,198£4,198
ROI	5%5%
Gross Yield	7%7%

Local Sold Prices

37 sold prices from £230K to £342K, average is £262K. £4K/m² to £7.2K/m², average is £4.9K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£270K	11/21	0.04 mi	50, Leopold Road, London, Greater London N18 2HX	-	-	2	Flat
£260K	04/21	0.06 mi	46, Leopold Road, London, Greater London N18 2EW	£4,409	59	2	Flat
£266K	12/21	0.06 mi	70, Leopold Road, London, Greater London N18 2HX	£5,216	51	2	Flat
£275K	04/23	0.07 mi	26, Culpepper Close, London, Greater London N18 2DZ	£4,661	59	2	Flat
£270K	03/23	0.07 mi	12, Culpepper Close, London, Greater London N18 2DZ	£4,091	66	2	Flat
£250K	01/22	0.12 mi	56, Leopold Road, London, Greater London N18 2HX	£4,237	59	2	Flat
£270K	11/21	0.12 mi	50, Leopold Road, London, Greater London N18 2HX	-	-	2	Flat
£245K	02/22	0.22 mi	6, Inverness Road, London, Greater London N18 2EE	£5,000	49	2	Flat
£300K	06/21	0.4 mi	106, Middleham Road, London, Greater London N18 2SD	£5,882	51	2	Flat
£275K	03/22	0.41 mi	41, Jeremys Green, London, Greater London N18 2NB	£4,260	65	2	Flat
£257.5K	09/21	0.41 mi	42, Grilse Close, London, Greater London N9 0UU	£4,952	52	2	Flat
£265K	07/22	0.43 mi	28, Herne Mews, London, Greater London N18 2QZ	-	-	2	Flat
£233K	02/22	0.56 mi	Flat 7, Bridport House, Colyton Way, London, Greater London N18 2XJ	-	-	2	Flat
£342K	02/23	0.59 mi	123, Northumberland Park, London, Greater London N17 0TL	£6,333	54	2	Flat
£262K	05/21	0.61 mi	Flat 4, Romany House, Beaconsfield Road, London, Greater London N9 0PY	-	-	2	Flat
£307K	03/21	0.65 mi	69, Northumberland Park, London, Greater London N17 0TG	£6,532	47	2	Flat
£285K	11/22	0.66 mi	1, Taylor Close, London, Greater London N17 0UB	£4,914	58	2	Flat
£260K	12/22	0.68 mi	52, Pycroft Way, London, Greater London N9 9XY	£4,407	59	2	Flat
£285K	07/23	0.7 mi	Flat 3, Whittingham House, Northumberland Park, London, Greater London N17 0QG	£3,958	72	2	Flat
£245K	03/21	0.7 mi	Flat 14, Corbridge House, Northumberland Park, London, Greater London N17 0QE	-	-	2	Flat
£270K	09/22	0.72 mi	49, Pycroft Way, London, Greater London N9 9XU	£5,348	50	2	Flat
£260K	03/21	0.72 mi	53, Pycroft Way, London, Greater London N9 9XU	£4,906	53	2	Flat
£274K	03/23	0.8 mi	10, Park Lane Close, London, Greater London N17 0HL	£4,281	64	2	Flat
£318K	10/20	0.8 mi	24, Shelbourne Road, London, Greater London N17 9YH	£7,195	44	2	Flat
£315K	10/23	0.81 mi	16a, Sunnyside Road North, London, Greater London N9 9SW	-	-	2	Flat
£263K	09/21	0.88 mi	128, Mandeville Court, London, Greater London E4 8JD	-	-	2	Flat
£251K	10/21	0.91 mi	14, Dickens Lane, London, Greater London N18 1PH	-	-	2	Flat
£230K	06/22	0.91 mi	23, Dickens Lane, London, Greater London N18 1PH	£5,610	41	2	Flat
£253K	03/21	0.92 mi	29, Mandeville Court, Chingford, London, Greater London E4 8JB	£4,081	62	2	Flat
£260K	03/23	0.92 mi	36, Mandeville Court, Chingford, London, Greater London E4 8JB	£5,778	45	2	Flat
£253K	03/21	0.92 mi	29, Mandeville Court, Chingford, London, Greater London E4 8JB	£4,081	62	2	Flat
£247.5K	06/21	0.94 mi	21, Hennessy Road, London, Greater London N9 0XA	-	-	2	Flat
£257K	10/22	0.96 mi	14, Hennessy Road, London, Greater London N9 0XQ	-	-	2	Flat
£240K	10/22	0.97 mi	6, Hennessy Road, London, Greater London N9 0XQ	-	-	2	Flat
£278K	10/22	0.98 mi	13, Sawyer Close, London, Greater London N9 9XP	£6,043	46	2	Flat
£240K	04/21	1 mi	30, Pentland Close, London, Greater London N9 0XN	£4,898	49	2	Flat
£240K	04/21	1 mi	30, Pentland Close, London, Greater London N9 0XN	£4,898	49	2	Flat

Local Rents

24 rents from £1.4K/mo to £4K/mo, average is £1.8K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,800	03/25	0.03 mi	-	2	Flat
£1,550	05/24	0.04 mi	Culpepper Close, Edmonton, London, N18	2	Flat
£1,600	01/25	0.15 mi	-	2	Flat
£1,595	03/25	0.21 mi	-	2	Flat
£1,700	06/24	0.36 mi	Swaythling Close, London	2	Flat
£1,750	05/24	0.4 mi	Jeremys Green, Edmonton, N18	2	Flat
£1,850	02/25	0.41 mi	-	2	Flat
£1,800	12/24	0.42 mi	-	2	Flat
£1,850	06/24	0.46 mi	Leyburn Grove, Edmonton, London	2	House
£4,000	05/24	0.47 mi	-	2	Flat
£1,800	05/24	0.52 mi	Felixstowe Road, Edmonton	2	Terraced House
£1,500	01/25	0.53 mi	-	2	Flat
£1,600	03/25	0.53 mi	-	2	Flat
£1,750	03/25	0.57 mi	-	2	Flat
£1,450	12/24	0.58 mi	-	2	Flat
£1,850	03/25	0.59 mi	-	2	Flat
£1,800	03/25	0.59 mi	-	2	Flat
£1,850	03/25	0.59 mi	-	2	Flat
£1,950	01/25	0.59 mi	-	2	Flat
£2,200	02/25	0.6 mi	-	2	Flat
£1,800	01/25	0.6 mi	-	2	Flat
£1,850	03/25	0.61 mi	-	2	Flat
£2,400	03/25	0.61 mi	-	2	Flat
£1,825	12/24	0.61 mi	-	2	Flat

Local Area Statistics

Population in N18	31,59831,598
Population in London	4,771,9214,771,921
Town centre distance	6.28 miles away6.28 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	0.23 miles away0.23 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 £280,000

March 3, 2025

Floor Plans

Description

TWO BEDROOMS +
SPACIOUS LOUNGE +
FITTED KITCHEN +
FAMILY BATHROOM +
ELECTRIC RADIATORS +
DOUBLE GLAZED WINDOWS +
CLOSE TO MERIDIAN WATER STATION +
CLOSE TO A406 & A10 +
BORDERS OF TOTTENHAM +
CHAIN FREE +

Knights are delighted to offer this well-presented Two Bedroom Purpose Built Flat located in Upper Edmonton close to the border of Tottenham N17. The property offers a wealth of features to include; Two Double Bedrooms, Spacious Lounge, Fitted Kitchen, Family Bathroom, Electric Heating, Permit Parking and Double Glazed Windows,. The property is within walking distance of the new Meridian Water Train Station and the Newly Built Tottenham Stadium making it an ideal investment or residential purchase to any incoming buyer. Viewings Highly Advised! Chain Free!

Property Information:

Council Tax: Band C
Lease Length: Approx. 104 Years
Ground Rent: £387.00
Service Charge: £2168.00
Energy Performance Certificate: C

Agent Details

Knights Residential, Edmonton

020 3840 3527

Next Steps?

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

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