3 Bed Terraced House, Refurb/BRRR, Enfield, EN1 2LR, £615,000

Lynmouth Avenue, Enfield, EN1 2LR - 2 months ago

Refurb/BRRR
~93 m²
+10 photos

ValuationOvervalued

Sold Prices£380K - £950K
Sold Prices/m²£4.2K/m² - £9.9K/m²

 

 

Square Metres

~93 m²
Price/m²£6.6K/m²

Value Estimate

£520,573

 

 

End Value (After Refurb)

£600,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£153,750

Stamp Duty & Legal Fees

£50,200

Refurb Costs

£49,200

Bridging Loan Interest

£16,144

Total Cash In

£271,044

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£600,000

Mortgage (After Refinance)

£450,000

Mortgage LTV

75%

Cash Left In

£271,044

Equity

£150,000

Rent Range

£1,700 - £2,500

Rent Estimate

£2,154

Running Costs/mo

£2,326

Cashflow/mo

£-172

Cashflow/yr

£-2,062

Gross Yield

4%

Local Sold Prices

50 sold prices from £380K to £950K, average is £570K. £4.2K/m² to £9.9K/m², average is £5.8K/m².

PriceDateDistanceAddressBeds 
£575K02/230.04 mi94, Melbourne Way, Enfield, Greater London EN1 1XQ3
£555K06/210.08 mi75, Delhi Road, Enfield, Greater London EN1 2LY3
£560K01/210.08 mi87, Delhi Road, Enfield, Greater London EN1 2LY3
£570K12/220.09 mi19, Countisbury Avenue, Enfield, Greater London EN1 2NL3
£570K02/230.09 mi38, Countisbury Avenue, Enfield, Greater London EN1 2NL3
£515K03/210.11 mi3, Haileybury Avenue, Enfield, Greater London EN1 1JJ3
£560K03/230.11 mi51, Haileybury Avenue, Enfield, Greater London EN1 1JJ3
£645K12/220.12 mi3, Melbourne Way, Enfield, Greater London EN1 1XF3
£495K02/210.13 mi66, Trinity Avenue, Enfield, Greater London EN1 1HS3
£515K04/210.14 mi86, Trinity Avenue, Enfield, Greater London EN1 1HS3
£580K06/210.15 mi53, Amberley Road, Enfield, Greater London EN1 2QZ3
£470K06/230.16 mi86, Chatsworth Drive, Enfield, Greater London EN1 1EZ3
£540K01/210.16 mi53, Trinity Avenue, Enfield, Greater London EN1 1HT3
£640K02/230.16 mi32, Bagshot Road, Enfield, Greater London EN1 2RE3
£675K10/200.16 mi11, Bagshot Road, Enfield, Greater London EN1 2RE3
£675K03/230.16 mi13, Bagshot Road, Enfield, Greater London EN1 2RE3
£598K06/210.16 mi35, Bagshot Road, Enfield, Greater London EN1 2RE3
£565K06/210.16 mi40, Bagshot Road, Enfield, Greater London EN1 2RE3
£430K11/200.18 mi111, Chatsworth Drive, Enfield, Greater London EN1 1EU3
£460K04/210.18 mi107, Chatsworth Drive, Enfield, Greater London EN1 1EU3
£570K11/210.18 mi72, Countisbury Avenue, Enfield, Greater London EN1 2NN3
£570K11/210.18 mi56, Countisbury Avenue, Enfield, Greater London EN1 2NN3
£465K02/230.19 mi19, Lathkill Close, Enfield, Greater London EN1 1HA3
£710K03/230.19 mi19, Park Avenue, Enfield, Greater London EN1 2HJ3
£585K03/230.19 mi52, Hazelwood Road, Enfield, Greater London EN1 1JQ3
£585K11/220.19 mi50, Hazelwood Road, Enfield, Greater London EN1 1JQ3
£390K03/210.2 mi38, Chatsworth Drive, Enfield, Greater London EN1 1EY3
£525K04/210.21 mi17, Ladbroke Road, Enfield, Greater London EN1 1HX3
£490K03/210.21 mi20, Ladbroke Road, Enfield, Greater London EN1 1HX3
£551K02/210.23 mi109, Amberley Road, Enfield, Greater London EN1 2RA3
£625K04/210.23 mi153, Wellington Road, Enfield, Greater London EN1 2RH3
£580K04/230.24 mi8, Chatsworth Drive, Enfield, Greater London EN1 1EX3
£600K06/210.24 mi106, Wellington Road, Enfield, Greater London EN1 2RR3
£635K03/210.24 mi94, Wellington Road, Enfield, Greater London EN1 2RR3
£765K02/230.24 mi107, Wellington Road, Enfield, Greater London EN1 2RR3
£500K11/220.24 mi106, St Marks Road, Enfield, Greater London EN1 1BB3
£406K03/210.25 mi105, St Edmunds Road, London, Greater London N9 7PS3
£457K12/220.26 mi150, St Edmunds Road, London, Greater London N9 7PN3
£950K11/210.26 mi82, Wellington Road, Enfield, Greater London EN1 2PW3
£490K09/210.26 mi29, Alberta Road, Enfield, Greater London EN1 1JA3
£950K11/210.28 mi82, Wellington Road, Enfield, Greater London EN1 2PW3
£510K04/230.3 mi112, Amberley Road, Enfield, Greater London EN1 2RB3
£750K07/230.3 mi53, Gardenia Road, Enfield, Greater London EN1 2JA3
£530K06/210.3 mi49, Gardenia Road, Enfield, Greater London EN1 2JA3
£380K04/210.3 mi61, Leighton Road, Enfield, Greater London EN1 1XN3
£580K02/210.3 mi94, Edenbridge Road, Enfield, Greater London EN1 2HT3
£555K06/210.3 mi65, Edenbridge Road, Enfield, Greater London EN1 2HS3
£770K06/210.3 mi25, Queen Annes Place, Enfield, Greater London EN1 2PU3
£675K04/210.31 mi16, Gardenia Road, Enfield, Greater London EN1 2HZ3
£675K05/230.31 mi36, Gardenia Road, Enfield, Greater London EN1 2HZ3

Local Rents

49 rents from £1.7K/mo to £2.5K/mo, average is £2.2K/mo.

RentDateDistanceAddressBeds 
£2,20003/240.04 miMelbourne Way, Bush Hill EN1 3
£2,20003/240.04 miMelbourne Way, Bush Hill EN1 3
£2,00003/240.13 miDimsdale Drive, Enfield, EN13
£2,00003/240.13 miDimsdale Drive, Enfield, EN13
£2,35004/250.14 mi-3
£2,40004/240.15 mi-3
£2,45004/240.15 mi-3
£2,45005/240.15 miBagshot Road, Enfield, EN13
£2,00004/240.19 miHazelwood Road, EN13
£2,00004/240.19 miHazelwood Road, EN13
£2,50004/240.23 miWellington Road, Enfield3
£2,20003/240.26 miAlberta Road, Enfield, EN13
£2,17512/240.28 mi-3
£2,50002/250.29 mi-3
£2,20003/240.3 miLeighton Road, London, EN13
£2,15003/240.33 miWoodgrange Gardens, Enfield, EN13
£2,50004/240.34 mi-3
£2,50003/240.34 miThird Avenue, Enfield, EN13
£2,30004/240.38 miBrendon Way, Enfield, EN13
£2,30004/240.38 miBrendon Way, Enfield, EN13
£2,30004/240.38 miBrendon Way, Enfield, EN13
£1,90005/240.39 miDarley Road, London3
£2,30003/240.41 miEdenbridge Road, London, EN13
£2,45005/240.41 mi-3
£2,25004/250.42 mi-3
£1,80003/240.47 miAgricola Place, Enfield3
£2,00012/240.49 mi-3
£2,20005/240.52 mi-3
£2,25004/250.52 mi-3
£1,80004/240.52 miJohn Street, London, EN13
£1,80005/240.52 mi-3
£2,05012/240.54 miChichester Road, Edmonton, N93
£2,10003/240.57 miKingswood Close, London, EN13
£2,15006/240.57 miWinchester Road, Edmonton3
£2,10005/240.58 miRichmond Crescent, London, N93
£2,10005/240.58 mi-3
£2,20003/250.58 mi-3
£2,30004/240.59 miSittingbourne Avenue, Enfield, London, EN13
£1,75006/240.6 mi3 Bedroom Flat – Mayfield Crescent, Edmonton N93
£1,70007/240.6 mi3 Bedroom Flat – Mayfield Crescent, Edmonton N93
£1,70007/240.6 mi3 Bedroom Flat – Mayfield Crescent, Edmonton N93
£2,50003/240.6 miPark Avenue, Enfield, Middlesex, EN13
£1,90003/250.6 mi-3
£1,85004/240.6 miPercival Road, Enfield, EN13
£2,25007/240.61 miBlakesware Gardens, Enfield, London3
£1,89503/240.61 miPercival Road, Enfield, Middlesex, EN13
£2,50003/240.61 miBertram Road3
£2,00004/240.61 miGreat Cambridge Road, Enfield3
£2,05006/240.61 miColville Road, Edmonton, N93

Local Area Statistics

Population in EN1

45,671

Population in Enfield

130,248

Town centre distance

1.45 miles away

Nearest school

0.20 miles away

Nearest train station

0.22 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+5%

Sales demand

Balanced market

Capital growth (5yrs)

+18%

Property History

Listed for £615,000

March 5, 2025

Floor Plans

Description

  • CHAIN FREE +
  • THROUGH LOUNGE +
  • KITCHEN +
  • THREE BEDROOMS +
  • BATHROOM +
  • FRONT AND REAR GARDEN +
  • DESIRABLE LOCATION +
  • GOOD TRANSPORT LINKS +

This charming mid-terraced property on Lynmouth Avenue, EN1, offers a superb opportunity for those looking to put their personal stamp on a home in need of updating. Stepping through the welcoming hallway, you are greeted by a bright and spacious through lounge—ideal for both relaxation and entertaining—while the adjacent kitchen provides direct access to a generous rear garden, perfect for enjoying warmer days. Upstairs, three well-proportioned bedrooms and a family bathroom ensure plenty of comfortable living space. The location is hard to beat, boasting excellent transport links via nearby railway stations, frequent bus routes, and easy access to major roads such as the A10 and M25. Families will appreciate the selection of reputable primary and secondary schools in the vicinity, offering quality education options close to home. This is a fantastic opportunity to transform a traditional property into a modern haven while benefiting from everything the EN1 area has to offer.

Agent Details

Mortemore Mackay, London

020 3869 8488

Next Steps?

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