3 Bed Terraced House, Refurb/BRRR, Enfield, EN1 4NU, £500,000

Elsinge Road, Enfield, EN1 4NU - 4 views - 2 months ago

Refurb/BRRR
ROI: 2%
~93 m²
+4 photos

ValuationOvervalued

Sold Prices£290K - £705K
Sold Prices/m²£3.3K/m² - £6.8K/m²

 

 

Square Metres

~93 m²
Price/m²£5.4K/m²

Value Estimate

£437,270

 

 

End Value (After Refurb)

£494,050

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£125,000

Stamp Duty & Legal Fees

£38,700

Refurb Costs

£49,200

Bridging Loan Interest

£13,125

Total Cash In

£227,775

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£494,050

Mortgage (After Refinance)

£370,538

Mortgage LTV

75%

Cash Left In

£227,775

Equity

£123,513

Rent Range

£1,850 - £4,150

Rent Estimate

£2,352

Running Costs/mo

£2,034

Cashflow/mo

£318

Cashflow/yr

£3,812

ROI

2%

Gross Yield

6%

Local Sold Prices

50 sold prices from £290K to £705K, average is £417.5K. £3.3K/m² to £6.8K/m², average is £5.3K/m².

PriceDateDistanceAddressBeds 
£417K10/210.2 mi14, Bridgend Road, Enfield, Greater London EN1 4PD3
£450K11/210.22 mi1698, Great Cambridge Road, Enfield, Greater London EN1 4TA3
£405K05/230.22 mi29, Windsor Road, Enfield, Greater London EN3 6RF3
£375K01/210.22 mi39, Windsor Road, Enfield, Greater London EN3 6RF3
£345K02/210.22 mi53, Windsor Road, Enfield, Greater London EN3 6RF3
£485K12/220.22 mi55, Windsor Road, Enfield, Greater London EN3 6RF3
£455K01/230.22 mi44, Windsor Road, Enfield, Greater London EN3 6RF3
£350K02/230.22 mi27, Cocker Road, Enfield, Greater London EN1 4QH3
£400K06/230.23 mi152, Bullsmoor Lane, Enfield, Greater London EN1 4SD3
£395K02/210.24 mi1620, Great Cambridge Road, Enfield, Greater London EN1 4SZ3
£400K02/230.24 mi25, Windsor Road, Enfield, Greater London EN3 6RE3
£410K03/210.24 mi11, Windsor Road, Enfield, Greater London EN3 6RE3
£515K02/230.26 mi15, Keswick Drive, Enfield, Greater London EN3 6NY3
£500K10/220.26 mi1606, Great Cambridge Road, Enfield, Greater London EN1 4SZ3
£565K12/220.27 mi75, Meadway, Enfield, Greater London EN3 6NX3
£530K01/230.27 mi73, Meadway, Enfield, Greater London EN3 6NX3
£455K02/230.27 mi50, Balmoral Road, Enfield, Greater London EN3 6RQ3
£375K12/220.28 mi7, Hook Gate, Enfield, Greater London EN1 4QB3
£395K03/210.29 mi12, Balmoral Road, Enfield, Greater London EN3 6RG3
£383K06/230.29 mi69, Larmans Road, Enfield, Greater London EN3 6QW3
£406K06/210.29 mi54, Larmans Road, Enfield, Greater London EN3 6QW3
£395K02/210.29 mi53, Balmoral Road, Enfield, Greater London EN3 6RQ3
£385K06/210.3 mi16, Manor Farm Road, Enfield, Greater London EN1 4SH3
£290K06/230.3 mi71, Bullsmoor Way, Waltham Cross, Greater London EN8 8HW3
£415K03/210.3 mi48, Bullsmoor Gardens, Waltham Cross, Greater London EN8 8HX3
£340K06/210.31 mi5, Bullsmoor Close, Waltham Cross, Greater London EN8 8HU3
£362K02/210.31 mi51, Aylands Road, Enfield, Greater London EN3 6PW3
£460K07/210.32 mi66, Kingsfield Drive, Enfield, Greater London EN3 6UB3
£375K03/210.33 mi34, Aspen Way, Enfield, Greater London EN3 6QR3
£420K03/210.33 mi41, Capel Road, Enfield, Greater London EN1 4SP3
£485K11/210.34 mi102, Broadoak Avenue, Enfield, Greater London EN3 6TX3
£455K06/210.34 mi51, Unity Road, Enfield, Greater London EN3 6PB3
£440K04/210.35 mi12, Bullsmoor Way, Waltham Cross, Greater London EN8 8HN3
£418K03/210.35 mi116, Turkey Street, Enfield, Greater London EN1 4PS3
£430K06/210.36 mi25, Larmans Road, Enfield, Greater London EN3 6QN3
£650K01/220.36 mi106, Bullsmoor Lane, Enfield, Greater London EN3 6TL3
£600K03/210.37 mi2, Meadway, Enfield, Greater London EN3 6NU3
£705K10/220.37 mi43, Turkey Street, Enfield, Greater London EN3 5TT3
£528K11/220.39 mi4, Bowles Green, Enfield, Greater London EN1 4ST3
£340K11/200.39 mi3, Bowles Green, Enfield, Greater London EN1 4ST3
£345K04/210.42 mi37, Holly Road, Enfield, Greater London EN3 6QA3
£430K06/220.42 mi57, Holmwood Road, Enfield, Greater London EN3 6QF3
£485K06/210.43 mi125, Turkey Street, Enfield, Greater London EN1 4NN3
£445K01/210.44 mi20, Langdale Gardens, Waltham Cross, Greater London EN8 8RD3
£458K12/200.44 mi4, Langdale Gardens, Waltham Cross, Greater London EN8 8RD3
£365K07/210.44 mi75, Winnington Road, Enfield, Greater London EN3 5RL3
£360K03/210.44 mi114, Holmwood Road, Enfield, Greater London EN3 6QE3
£365K07/210.44 mi75, Winnington Road, Enfield, Greater London EN3 5RL3
£475K09/210.47 mi27, Broadoak Avenue, Enfield, Greater London EN3 6TS3
£497.5K08/220.47 mi46, Broadoak Avenue, Enfield, Greater London EN3 6TS3

Local Rents

47 rents from £1.9K/mo to £4.2K/mo, average is £2.3K/mo.

RentDateDistanceAddressBeds 
£2,39501/250.11 mi-3
£2,40001/250.11 mi-3
£1,99012/240.22 mi-3
£1,99002/250.22 mi-3
£2,10012/240.22 mi-3
£2,20003/240.23 miGreat Cambridge Road, Enfield, Greater London, EN13
£1,95003/240.24 miWindsor Road, Enfield, EN33
£2,43001/240.25 mi-3
£2,10004/240.25 mi-3
£2,10004/240.25 mi-3
£2,05005/240.25 mi-3
£1,85004/240.28 miBalmoral Road, Enfield, EN33
£2,20005/240.28 miBalmoral Road, Enfield, EN33
£1,85005/240.29 miBalmoral Road, Enfield, Middlesex, EN33
£2,20005/240.31 miAylands Road, Enfield EN33
£2,15003/240.31 miGreat Cambridge Road, EN83
£2,20004/240.33 miAylands Road, Enfield EN33
£2,30004/250.36 mi-3
£2,50012/240.36 mi-3
£2,35002/240.36 mi-3
£2,50003/240.37 mi-3
£2,25004/240.38 miAuckland Close, Enfield3
£2,40010/240.38 mi-3
£4,15004/240.41 mi-3
£3,00012/240.42 mi-3
£3,00001/250.42 mi-3
£3,05001/250.42 mi-3
£1,95001/250.43 mi-3
£2,40004/250.45 mi-3
£2,15004/240.47 mi-3
£2,15004/240.47 miTurkey Street, Enfield, EN33
£2,50004/240.49 miAllandale Road, EN33
£2,15004/250.5 mi-3
£2,35004/250.51 mi-3
£2,10004/240.52 miPutney Road, En33
£2,59503/240.54 miLongfield Avenue, Enfield, EN33
£2,00011/240.54 mi-3
£2,50002/240.54 mi-3
£2,00004/240.54 miLongfield Avenue, EN33
£2,35002/250.55 mi-3
£2,50004/250.59 mi-3
£2,10012/240.59 mi-3
£2,50004/240.6 miEnfield Mews, Ordnance Road, EN33
£2,50004/240.6 miEnfield Mews, Ordnance Road, EN33
£2,30004/240.6 miEnfield Mews, Ordnance Road, EN33
£2,40004/240.61 miEnfield Mews, Ordnance Road, EN33
£3,35003/240.61 miOrdnance Road, Enfield3

Local Area Statistics

Population in EN1

45,671

Population in Enfield

130,248

Town centre distance

2.93 miles away

Nearest school

0.10 miles away

Nearest train station

0.31 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+5%

Sales demand

Balanced market

Capital growth (5yrs)

+18%

Property History

Listed for £500,000

March 6, 2025

Floor Plans

Description

  • Ideal Project For Investors +
  • Bathroom And Guest W.C +
  • Three Bedroom End Of Terrace +
  • Large Garden And Plot To The Side +
  • Driveyway For Parking +

The Property
Calling all investors and project lovers.. tonnes of potential!!!

Here’s a fantastic opportunity to acquire a charming end-of-terrace family home with immense potential. Perfect for those looking for a renovation project or expansion, this property offers great value.

Inside, you’ll find a spacious lounge, providing a comfortable area for family living. The ground floor also includes a guest WC and a separate kitchen, which offers the potential for modernisation and could be transformed into an open-plan layout to suit contemporary tastes. Upstairs, the home boasts three bedrooms and a family bathroom, all in need of refurbishment. This is an ideal project for those looking to add value and create a home tailored to their needs.

The property also features a private driveway with parking space, providing easy access and adding convenience and value. Along with the driveway, there’s a side gate giving access to the rear of the property, offering further flexibility.

To the rear, you’ll find a large garden with side access, offering excellent potential for extension or future development. This outdoor space provides ample room for those looking to expand the living area or create an ideal outdoor retreat.

Additionally, the property is chain-free, ensuring a smoother and quicker purchase process. This is an exciting opportunity for investors, developers, or those looking for a project with significant potential.

Location
The property is conveniently located near Turkey Street overgorund, offering easy access to local and city travel. The station is just a short walk away and provides direct train services into central London, making it an excellent location for commuters. With fast connections to London Liverpool Street and nearby areas, this home offers the perfect balance of quiet residential living with great transport links.

Property Description Disclaimer

This is a general description of the property only, and is not intended to constitute part of an offer or contract. It has been verified by the seller(s), unless marked as 'draft'. Purplebricks conducts some valuations online and some of our customers prepare their own property descriptions, so if you decide to proceed with a viewing or an offer, please note this information may have been provided solely by the vendor, and we may not have been able to visit the property to confirm it. If you require clarification on any point then please contact us, especially if you’re traveling some distance to view. All information should be checked by your solicitor prior to exchange of contracts. Successful buyers will be required to complete anti-money laundering checks. Our partner, Lifetime Legal Limited, will carry out the initial checks on our behalf. The current non-refundable cost is £80 inc. VAT per offer. You’ll need to pay this to Lifetime Legal and complete all checks before we can issue a memorandum of sale. The cost includes obtaining relevant data and any manual checks and monitoring which might be required, and includes a range of benefits. Purplebricks will receive some of the fee taken by Lifetime Legal to compensate for its role in providing these checks.

Agent Details

Purplebricks, covering Enfield

020 3907 9880

Next Steps?

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