2 Bed Flat, Refurb/BRRR, London, N3 3SW, £475,000

Hendon Lane, London, N3 3SW - 1 views - a month ago

Refurb/BRRR
ROI: 1%
~68 m²
+9 photos

ValuationOvervalued

Sold Prices£262K - £653K
Sold Prices/m²£4K/m² - £8.6K/m²

 

 

Square Metres

~68.11 m²
Price/m²£7K/m²

Value Estimate

£410,146

 

 

End Value (After Refurb)

£494,993

Uplift in Value

+4%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£118,750

Stamp Duty & Legal Fees

£36,200

Refurb Costs

£36,033

Bridging Loan Interest

£12,469

Total Cash In

£205,202

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£494,993

Mortgage (After Refinance)

£371,244

Mortgage LTV

75%

Cash Released

£14,994

Cash Left In

£190,207

Equity

£123,748

Rent Range

£1,600 - £2,850

Rent Estimate

£2,083

Running Costs/mo

£1,983

Cashflow/mo

£100

Cashflow/yr

£1,195

ROI

1%

Gross Yield

5%

Local Sold Prices

50 sold prices from £262K to £653K, average is £403.8K. £4K/m² to £8.6K/m², average is £7K/m².

PriceDateDistanceAddressBeds 
£470K06/210.05 miFlat 70, Greenacres, Hendon Lane, London, Greater London N3 3SF2
£490K11/210.06 miFlat 6, Greenacres, Hendon Lane, London, Greater London N3 3SF2
£477.5K03/230.07 miFlat 10, Arundel Lodge, Salisbury Avenue, London, Greater London N3 3AL2
£410K06/210.08 miFlat 7, Paul Court, Windsor Road, London, Greater London N3 3SP2
£307K11/200.09 miFlat 59, Greenacres, Hendon Lane, London, Greater London N3 3SF2
£625K02/210.12 mi3b, St Marys Avenue, London, Greater London N3 1SN2
£400K02/230.15 mi26, Arden Road, London, Greater London N3 3AN2
£455K10/200.15 miFlat 1, Clifford Lodge, Bibsworth Road, London, Greater London N3 3RS2
£262K06/210.2 miFlat 2, Bibsworth Lodge, Bibsworth Road, London, Greater London N3 3RN2
£262K06/210.2 miFlat 2, Bibsworth Lodge, Bibsworth Road, London, Greater London N3 3RN2
£575K10/220.26 miFlat 65, Mayflower Lodge, Regents Park Road, London, Greater London N3 3HX2
£415K09/210.28 miFlat 24, Derby Lodge, East End Road, London, Greater London N3 3QG2
£380K01/210.28 miFlat 6, Derby Lodge, East End Road, London, Greater London N3 3QG2
£355K02/230.28 miFlat 14, Derby Lodge, East End Road, London, Greater London N3 3QG2
£610K01/210.29 miFlat 11, Mayflower Lodge, Regents Park Road, London, Greater London N3 3HU2
£485K03/210.29 miFlat 2, Georgian Court, Dollis Avenue, London, Greater London N3 1TY2
£505K08/230.29 miFlat 1, Georgian Court, Dollis Avenue, London, Greater London N3 1TY2
£430K09/230.32 miFlat 13, Ellerton Lodge, East End Road, London, Greater London N3 3QH2
£385K06/230.32 miFlat 24, Ellerton Lodge, East End Road, London, Greater London N3 3QH2
£555K06/210.35 miFlat 17, Chessington Lodge, Regents Park Road, London, Greater London N3 3AA2
£567.5K11/220.35 miFlat 26, Chessington Lodge, Regents Park Road, London, Greater London N3 3AA2
£390K05/230.4 miFlat 4, Timberdene, Holders Hill Road, London, Greater London NW4 1LA2
£415K12/200.4 miFlat 19, Timberdene, Holders Hill Road, London, Greater London NW4 1LA2
£420K12/200.4 mi15, Orchard Avenue, London, Greater London N3 3NL2
£420K12/200.4 mi15, Orchard Avenue, London, Greater London N3 3NL2
£265K10/200.41 miFlat 43, Grove House, Waverley Grove, London, Greater London N3 3PU2
£360K06/210.43 miFlat 12, Fernside Court, Holders Hill Road, London, Greater London NW4 1JT2
£653K06/210.48 mi157, Holders Hill Road, London, Greater London NW7 1ND2
£500K06/210.5 mi57, Dollis Park, London, Greater London N3 1HJ2
£290K05/210.53 miFlat 1, Westchester Court, Westchester Drive, London, Greater London NW4 1RB2
£370K11/200.53 miFlat 4, Westchester Court, Westchester Drive, London, Greater London NW4 1RB2
£402.5K03/230.53 miFlat 21, Westchester Court, Westchester Drive, London, Greater London NW4 1RB2
£400K04/210.54 mi47a, Lichfield Grove, London, Greater London N3 2JJ2
£425K04/210.55 miFlat 11, Dollis Court, Crescent Road, London, Greater London N3 1HR2
£415K10/200.58 mi33, Addison Way, London, Greater London NW11 6AL2
£360K01/230.58 mi129, Beaufort Park, London, Greater London NW11 6BY2
£320K12/200.59 miFlat 9, Claydon House, Holders Hill Road, London, Greater London NW4 1LS2
£390K01/210.59 miFlat 32, Claydon House, Holders Hill Road, London, Greater London NW4 1LS2
£345K10/230.59 miFlat 26, Claydon House, Holders Hill Road, London, Greater London NW4 1LS2
£375K03/210.59 miFlat 33, Claydon House, Holders Hill Road, London, Greater London NW4 1LS2
£305K02/210.59 miFlat 20, Thornfield Court, Holders Hill Road, London, Greater London NW7 1LW2
£343.5K04/230.59 mi20, Frith Court, London, Greater London NW7 1JP2
£395K10/200.59 mi44, Frith Court, London, Greater London NW7 1JP2
£391.8K03/210.59 mi12, Frith Court, London, Greater London NW7 1JP2
£375K06/210.59 mi33, Frith Court, London, Greater London NW7 1JP2
£405K03/230.6 miFlat 17, Norman Court, Nether Street, London, Greater London N3 1QQ2
£500K06/210.6 mi7, Boyne Avenue, London, Greater London NW4 2JL2
£390K03/210.6 mi110, Beaufort Park, London, Greater London NW11 6BY2
£415K04/210.61 mi15a, Dollis Road, London, Greater London N3 1RB2
£436K03/210.62 mi55b, Dollis Road, London, Greater London N3 1RD2

Local Rents

49 rents from £1.6K/mo to £2.9K/mo, average is £2K/mo.

RentDateDistanceAddressBeds 
£2,55011/240.01 mi-2
£2,65010/240.02 mi-2
£2,40008/240.04 miHendon Lane, Finchley, London, N32
£1,85010/240.05 mi-2
£1,95005/240.06 miThe Terrace, Hendon Lane, Finchley, N32
£1,80006/240.07 miSalisbury Avenue, Finchley, N32
£2,85006/240.08 miHendon Lane, London, N32
£2,00008/240.08 miShakespeare Road, London, N32
£2,00008/240.09 mi-2
£2,00008/240.09 miTemple Close, London, N32
£1,90005/240.12 miHendon Lane, Finchley2
£2,80006/240.13 mi-2
£1,90006/240.14 miSalisbury Avenue, Finchley, N32
£2,00006/240.14 miWindsor Road London N32
£1,75007/240.14 miWindsor Road London N32
£2,20007/240.15 miSt. Mary's Avenue, London, N32
£2,20008/240.15 miSt. Mary's Avenue, London, N32
£2,25005/240.15 mi-2
£2,20009/240.15 mi-2
£1,89512/240.18 mi-2
£2,00012/240.23 mi-2
£2,20005/240.23 miRegents Park Road, Finchley Central, N32
£2,00008/240.23 miRegents Park Road, Finchley Central2
£2,05807/240.24 miBroughton Avenue, Finchley Central, London, N3 2
£1,75003/250.24 mi-2
£2,20005/240.25 miIvor Court, 2 Chalgrove Gardens, Finchley, London, N32
£1,80006/240.25 mi-2
£1,80006/240.25 miRegents Park Road, London, N32
£1,80006/240.25 miRegents Park Road, London, N32
£1,80003/250.26 mi-2
£2,10006/240.26 miEast End Road, London2
£2,00006/240.27 miMountfield Road, Finchley2
£1,85007/240.27 miRegents Park Road, Finchley, London, N32
£1,60006/240.28 miMountfield Road, Finchley, N32
£1,75007/240.28 mi-2
£1,80004/250.28 mi-2
£2,05007/240.29 miStanhope Avenue, Finchley, N32
£1,75102/250.29 mi-2
£2,20005/240.31 miEast End Road, London, N32
£2,50008/240.31 miSpencer Close, Finchley, N32
£1,80005/240.33 miHolly Park, Finchley, London, N32
£2,10008/240.34 miCavendish Avenue, Finchley Central, London2
£2,20006/240.36 miSpencer Close, Regents Park Road, London N32
£1,95006/240.36 mi-2
£2,40008/240.36 mi-2
£2,00005/240.36 miSpencer Close, Finchley2
£1,75006/240.36 miCollege Terrace, Finchley Central, N32
£2,50006/240.37 miSpencer Close, Finchley, N32
£2,35007/240.39 miMountfield Road, Finchley, N32

Local Area Statistics

Population in N3

26,584

Population in London

4,771,921

Town centre distance

6.31 miles away

Nearest school

0.20 miles away

Nearest train station

0.57 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-30%

Sales demand

Buyer's market

Capital growth (5yrs)

+19%

Property History

Listed for £475,000

March 6, 2025

Floor Plans

Description

  • Two bedrooms +
  • Top floor +
  • Private balcony +
  • Fantastic location +
  • In need of modernisation +
  • Council tax band E +
  • Chain free +
  • Share of freehold +

*CHAIN FREE* *SHARE OF FREEHOLD* A two bedroom flat situated on the second (top) floor of this purpose built block located on Hendon Lane. The property features a 17ft reception room with private balcony and benefits include a 14ft master bedroom with fitted wardrobes, an 11ft kitchen, a guest W.C. and communal gardens. The apartment is situated close to Finchley Central Tube station and could benefit from some modernisation throughout.

Lease: Share of Freehold - 978 Years remaining on the lease
Ground Rent: Peppercorn
Service Charge: Approx. £400 per quarter
Barnet Council Tax Band E

Agent Details

Squires Estates, Finchley

020 3856 3963

Next Steps?

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