3 Bed Flat, Single Let, Enfield, EN3 6BN, £300,000

Ordnance Road, Enfield, EN3 6BN - 2 views - a month ago

Sold STC
Leasehold
BTL
ROI: 8%
~93 m²
+12 photos

ValuationUndervalued

Sold Prices£250K - £925K
Sold Prices/m²£3.2K/m² - £5.5K/m²

 

 

Square Metres

~93 m²
Price/m²£3.2K/m²

Value Estimate

£353,381
BMV18%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£75,000

Stamp Duty & Legal Fees

£18,700

Total Cash In

£93,700

 

 

Cash Out

 

Rent Range

£1,750 - £3,350

Rent Estimate

£1,950

Running Costs/mo

£1,348

Cashflow/mo

£603

Cashflow/yr

£7,230

ROI

8%

Gross Yield

8%

Local Sold Prices

29 sold prices from £250K to £925K, average is £299.9K. £3.2K/m² to £5.5K/m², average is £3.8K/m².

PriceDateDistanceAddressBeds 
£290K02/230 mi10a, Ordnance Road, Enfield, Greater London EN3 6BN3
£290K11/220.33 mi63, Ashton Road, Enfield, Greater London EN3 6DG3
£320K10/210.8 mi17, Old Road, Enfield, Greater London EN3 5XX3
£315K11/220.95 mi91, Fishers Close, Waltham Cross, Hertfordshire EN8 7NN3
£285K03/211.04 mi70, Park Lane, Waltham Cross, Hertfordshire EN8 8AQ3
£277K06/211.16 mi7, Yeomans Way, Enfield, Greater London EN3 5AP3
£265K10/201.17 mi8, Yeomans Way, Enfield, Greater London EN3 5AP3
£267.5K09/211.28 miFlat 44, Westminster Court, Eleanor Way, Waltham Cross, Hertfordshire EN8 7SH3
£420K10/221.65 miFlat 1, Temple House, Old Park Ride, Waltham Cross, Hertfordshire EN7 5HY3
£282K10/201.75 mi11, Foxwood Chase, Waltham Abbey, Essex EN9 3YW3
£320K03/211.82 mi26, Lancaster Road, Enfield, Greater London EN2 0AX3
£335K01/212 mi36, Cheviot Close, Enfield, Greater London EN1 3UZ3
£320K10/202.09 mi20, Ermine Side, Enfield, Greater London EN1 1DD3
£265K02/212.17 mi64, Hadrians Ride, Enfield, Greater London EN1 1DG3
£362K06/212.23 mi48, Beresford Gardens, Enfield, Greater London EN1 1NN3
£360K06/212.23 mi24, Beresford Gardens, Enfield, Greater London EN1 1NN3
£270K03/212.26 miFlat 15, Reynolds House, Ayley Croft, Enfield, Greater London EN1 1XR3
£307.5K01/212.29 mi60, St Marks Road, Enfield, Greater London EN1 1BE3
£331K04/232.37 mi350, Roundhills, Waltham Abbey, Essex EN9 1UQ3
£417.5K02/212.41 mi61, Kirkland Drive, Enfield, Greater London EN2 0RJ3
£250K05/212.47 mi82, Kingsley Avenue, Cheshunt, Waltham Cross, Hertfordshire EN8 9PR3
£299.9K06/212.58 mi7a, Causeyware Road, Edmonton, London, Greater London N9 8BP3
£325K06/232.64 mi28, Stains Close, Cheshunt, Waltham Cross, Hertfordshire EN8 9JL3
£300K02/212.64 mi59, Stains Close, Cheshunt, Waltham Cross, Hertfordshire EN8 9JJ3
£265K01/212.72 mi123, Whitefields Road, Cheshunt, Waltham Cross, Hertfordshire EN8 0EN3
£285K06/232.72 mi129, Whitefields Road, Cheshunt, Waltham Cross, Hertfordshire EN8 0EN3
£265K11/202.76 mi15, Mayo Close, Cheshunt, Waltham Cross, Hertfordshire EN8 0HE3
£925K08/212.8 miFlat 10, Holly Tree Lodge, The Ridgeway, Enfield, Greater London EN2 8QT3
£250K04/212.87 mi208, Whitefields Road, Cheshunt, Waltham Cross, Hertfordshire EN8 0EU3

Local Rents

50 rents from £1.8K/mo to £3.4K/mo, average is £2.2K/mo.

RentDateDistanceAddressBeds 
£2,50004/240.12 miEnfield Mews, Ordnance Road, EN33
£2,50004/240.12 miEnfield Mews, Ordnance Road, EN33
£2,30004/240.12 miEnfield Mews, Ordnance Road, EN33
£3,35003/240.13 miOrdnance Road, Enfield3
£2,40004/240.13 miEnfield Mews, Ordnance Road, EN33
£2,30003/250.16 mi-3
£2,20004/240.16 miAylands Road, Enfield EN33
£2,15004/240.2 mi-3
£2,15004/240.2 miTurkey Street, Enfield, EN33
£2,10004/240.2 miPutney Road, En33
£2,20005/240.2 miAylands Road, Enfield EN33
£2,50004/240.2 miAllandale Road, EN33
£2,00004/240.21 miBeaconsfield Road, EN33
£2,25003/250.23 mi-3
£2,10005/240.24 mi-3
£2,20004/240.24 miUckfield Road, Enfield, Middlesex3
£2,20003/250.26 mi-3
£2,00011/240.26 mi-3
£2,50004/240.27 mi-3
£2,05012/240.28 mi-3
£2,18003/250.28 mi-3
£2,50003/240.29 mi-3
£1,90010/230.29 miCatherine Road, Enfield, EN33
£2,15003/250.3 mi-3
£1,90010/230.3 miCatherine Road, Enfield, EN3 6DE3
£2,50002/240.31 mi-3
£1,85004/240.35 miBalmoral Road, Enfield, EN33
£1,85005/240.35 miBalmoral Road, Enfield, Middlesex, EN33
£2,00004/240.36 miLongfield Avenue, EN33
£2,50002/240.36 mi-3
£1,95003/240.36 miWindsor Road, Enfield, EN33
£2,10003/250.36 mi-3
£1,99012/240.37 mi-3
£1,99002/250.37 mi-3
£2,20005/240.37 miBalmoral Road, Enfield, EN33
£2,40003/250.37 mi-3
£2,59503/240.38 miLongfield Avenue, Enfield, EN33
£3,00012/240.4 mi-3
£3,00001/250.4 mi-3
£3,05001/250.4 mi-3
£2,35002/250.43 mi-3
£2,25004/240.43 miAuckland Close, Enfield3
£1,75004/240.46 mi-3
£1,80012/240.46 mi-3
£1,80004/240.47 miThe Loning, Enfield3
£2,10012/230.51 mi-3
£2,40010/240.53 mi-3
£2,35002/240.53 mi-3
£2,30004/240.54 miNewbury Avenue, Enfield, London, EN33
£2,30003/240.54 miNewbury Avenue, Enfield, EN33

Local Area Statistics

Population in EN3

55,687

Population in Enfield

130,248

Town centre distance

3 miles away

Nearest school

0.10 miles away

Nearest train station

0.38 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+5%

Sales demand

Seller's market

Capital growth (5yrs)

+20%

Property History

Listed for £300,000

March 6, 2025

Floor Plans

Description

  • Three bedroom apartment +
  • Gas central heating +
  • Double glazed windows +
  • Close proximity to train stations +
  • Common parking area +
  • EPC band D +
  • Council band C +
  • Potential rental income PCM £1950 +
  • Ideal purchase for investors and homebuyers alike +
  • Boasting 75 square metres in size +

Kings Group offer in the heart of Enfield on Ordnance Road, this charming three-bedroom top-floor flat offers a delightful blend of comfort and convenience. Spanning an impressive 825 square feet, the property boasts a spacious reception room that invites natural light, creating a warm and welcoming atmosphere. The flat features three well-proportioned bedrooms, perfect for families or those seeking extra space for guests or a home office.

One of the standout features of this property is the lovely balcony, where you can enjoy your morning coffee or unwind in the evening while taking in the pleasant views of the surrounding area. Additionally, the flat provides ample storage space, ensuring that you have room for all your belongings.

The communal parking area adds to the convenience of this residence, while the nearby field offers a serene outdoor space for leisurely strolls or picnics. For those who commute, the flat is ideally located close to Enfield Lock, Turkey Street, and Waltham Cross stations, providing easy access to London City.

With an 87-year lease, low service charges, and ground rent, this property presents an attractive opportunity for both first-time buyers and investors alike. The energy performance certificate (EPC) rating of band D and council tax band C further enhance its appeal, making it a practical choice for modern living.

BUYERS INFORMATION
To conform with government Money Laundering Regulations 2019, we are required to confirm the identity of all prospective buyers. We use the services of a third party, Lifetime Legal, who will contact you directly at an agreed time to do this. They will need the full name, date of birth and current address of all buyers. There is a nominal charge of £50 plus VAT for this (for the transaction not per person), payable direct to Lifetime Legal. Please note, we are unable to issue a memorandum of sale until the checks are complete.

Leasehold
87 years
Standard construction
Low flood risk

Agent Details

Kings Group, Enfield Highway

020 3879 5588

Next Steps?

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