2 Bed Flat, Single Let, London, N22 8YE £475,000

Thorold Road, London, N22 8YE - 9 months ago

Sold STC

BTL

~82 m²

ValuationUndervalued

Sold Prices	£210K - £600K
Sold Prices/m²	£3.3K/m² - £10.5K/m²

Square Metres	~81.95 m²
Price/m²	£5.8K/m²
Value Estimate	£546,333£546,333
BMV	15%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£118,750£118,750
Stamp Duty & Legal Fees	£38,700£38,700
Total Cash In	£157,450£157,450

Cash Out
Rent Range	£1,595 - £2,600£1,595 - £2,600
Rent Estimate	£1,650
Running Costs/mo	£1,834£1,834
Cashflow/mo	£-184£-184
Cashflow/yr	£-2,212£-2,212
Gross Yield	4%4%

Local Sold Prices

50 sold prices from £210K to £600K, average is £411K. £3.3K/m² to £10.5K/m², average is £6.7K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£320K	12/22	0.05 mi	Flat 4, Fernwood, Clarence Road, Wood Green, London, Greater London N22 8QE	-	-	2	Flat
£395K	12/23	0.08 mi	Flat 2, Tudor Court, Clarence Road, Wood Green, London, Greater London N22 8QD	-	-	2	Flat
£550K	06/21	0.1 mi	26, Whittington Road, London, Greater London N22 8YD	-	-	2	Flat
£443K	06/23	0.11 mi	67, Marlborough Road, London, Greater London N22 8NJ	£6,712	66	2	Flat
£432.5K	02/23	0.13 mi	27, Palmerston Road, London, Greater London N22 8QH	£6,865	63	2	Flat
£422K	03/24	0.13 mi	5a, Palmerston Road, London, Greater London N22 8QH	£5,944	71	2	Flat
£515K	10/23	0.13 mi	21a, Palmerston Road, London, Greater London N22 8QH	£7,055	73	2	Flat
£525K	06/25	0.14 mi	Flat A, 41, Palmerston Road, Wood Green, London N22 8QH	£10,500	50	2	Flat
£525K	06/25	0.14 mi	Flat A, 41, Palmerston Road, Wood Green, London N22 8QH	-	-	2	Flat
£525K	02/23	0.15 mi	95a, Truro Road, Wood Green, London, Greater London N22 8DH	£5,885	89	2	Flat
£332.7K	11/24	0.15 mi	Oak House, 9, Trinity Road, Wood Green, London N22 8YT	£4,159	80	2	Flat
£442K	08/23	0.15 mi	Flat 2, Arnold Court, Truro Road, Wood Green, London, Greater London N22 8DJ	-	-	2	Flat
£510K	07/24	0.16 mi	72b, Clarence Road, Wood Green, London N22 8PW	£7,727	66	2	Flat
£327K	02/24	0.18 mi	2, Corbett Grove, Wood Green, London N22 8DQ	£5,190	63	2	Flat
£421.5K	07/23	0.18 mi	13b, Queens Road, London, Greater London N11 2QJ	-	-	2	Flat
£395K	04/24	0.19 mi	73, Trinity Road, Wood Green, London N22 8XX	-	-	2	Flat
£480K	06/21	0.19 mi	116d, Marlborough Road, London, Greater London N22 8NN	-	-	2	Flat
£335K	06/23	0.19 mi	80b, Finsbury Road, London, Greater London N22 8PF	-	-	2	Flat
£505K	02/25	0.19 mi	90, Flat A, Marlborough Road, Wood Green, London N22 8NN	-	-	2	Flat
£417K	02/23	0.22 mi	7a, Sidney Road, London, Greater London N22 8LT	-	-	2	Flat
£385K	04/23	0.22 mi	141a, Whittington Road, London, Greater London N22 8YP	£5,658	68	2	Flat
£375K	06/21	0.23 mi	13a, Cheshire Road, London, Greater London N22 8JJ	-	-	2	Flat
£520K	12/22	0.24 mi	112d, Marlborough Road, London, Greater London N22 8NN	-	-	2	Flat
£438.8K	10/21	0.25 mi	First Floor Flat, 2, Hampshire Road, London, Greater London N22 8LR	£7,977	55	2	Flat
£475K	01/25	0.26 mi	Flat 2, Louis Lodge, Brownlow Road, Wood Green, London N11 2DE	£7,661	62	2	Flat
£500K	01/25	0.26 mi	Louis Lodge, Flat 22, Brownlow Road, Wood Green, London N11 2DE	£7,576	66	2	Flat
£346K	11/22	0.27 mi	Flat 17, Mohr Court, Nightingale Road, London, Greater London N22 8PX	-	-	2	Flat
£370K	02/23	0.27 mi	Flat 4, Opal Court, Park Road, Bounds Green, London, Greater London N11 2LS	-	-	2	Flat
£370K	03/23	0.28 mi	Flat 7, Opal Court, Park Road, Bounds Green, London, Greater London N11 2LS	-	-	2	Flat
£370K	06/21	0.28 mi	2a, Parkhurst Road, London, Greater London N22 8JQ	-	-	2	Flat
£435K	01/23	0.28 mi	13, Beech Road, London, Greater London N11 2DA	£7,632	57	2	Flat
£345K	06/21	0.29 mi	231a, Whittington Road, London, Greater London N22 8YW	£5,000	69	2	Flat
£210K	12/22	0.3 mi	5, Westbury Road, London, Greater London N11 2DB	£3,333	63	2	Flat
£230K	09/23	0.3 mi	28c, Lascotts Road, London, Greater London N22 8JN	-	-	2	Flat
£403K	06/21	0.3 mi	Flat A, 12, Lascotts Road, London, Greater London N22 8JN	£7,750	52	2	Flat
£265K	02/23	0.34 mi	49, Eastern Road, London, Greater London N22 7AS	-	-	2	Flat
£340K	12/23	0.34 mi	53, Eastern Road, London, Greater London N22 7AS	£6,667	51	2	Flat
£500K	06/21	0.34 mi	4a, Elvendon Road, London, Greater London N13 4SJ	-	-	2	Flat
£522.2K	10/23	0.34 mi	48a, Elvendon Road, London, Greater London N13 4SJ	-	-	2	Flat
£332.4K	12/23	0.35 mi	Embassy Court, 15, Bounds Green Road, Wood Green, London N11 2HA	£5,193	64	2	Flat
£480K	10/23	0.35 mi	4a, Woodside Road, London, Greater London N22 5HU	£6,761	71	2	Flat
£367.5K	09/21	0.37 mi	Flat 16, Haywood Court, Oak Lane, London, Greater London N11 2BE	-	-	2	Flat
£341K	01/25	0.37 mi	Deanswood, 12, Maidstone Road, Wood Green, London N11 2TQ	£5,015	68	2	Flat
£520K	11/24	0.37 mi	67, Kelvin Avenue, London N13 4TH	£8,125	64	2	Flat
£600K	03/25	0.39 mi	Flat A, 22, Woodside Road, Wood Green, London N22 5HU	-	-	2	Flat
£405K	01/24	0.39 mi	35, Hardwicke Road, London N13 4SL	£6,429	63	2	Flat
£285K	03/23	0.41 mi	21b, Hardwicke Road, London, Greater London N13 4SL	-	-	2	Flat
£468K	03/25	0.41 mi	16, Lyndhurst Road, Wood Green, London N22 5AT	£7,200	65	2	Flat
£400K	05/25	0.41 mi	56a, Kelvin Avenue, Southgate N13 4TG	£6,154	65	2	Flat
£400K	05/25	0.41 mi	56a, Kelvin Avenue, Southgate N13 4TG	-	-	2	Flat

Local Rents

50 rents from £1.6K/mo to £2.6K/mo, average is £1.9K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,595	04/25	0.06 mi	-	2	Flat
£2,000	11/25	0.06 mi	Myddleton Road, London, N22	2	Flat
£1,700	07/24	0.07 mi	Malbury Court, Clarence Road, London, N22	2	Flat
£1,850	11/25	0.07 mi	Clarence Road, London, N22	2	Flat
£1,850	05/24	0.07 mi	Clarence Road, London, N22	2	Flat
£1,850	04/25	0.08 mi	-	2	Flat
£2,000	05/24	0.08 mi	Whittington Road	2	Flat
£2,000	05/24	0.09 mi	Whittington Road, Wood Green N22	2	Flat
£2,000	06/25	0.11 mi	Whittington Road, Bowes Park, N22	2	Flat
£1,900	11/25	0.11 mi	Marlborough Road	2	Flat
£1,795	04/25	0.12 mi	-	2	Flat
£2,350	05/24	0.12 mi	-	2	House
£2,290	05/24	0.12 mi	-	2	House
£1,875	11/25	0.12 mi	Bounds Green Road, Bounds Green, London, N11	2	Flat
£2,400	06/25	0.12 mi	Whittington Road London N22	2	Flat
£2,200	11/25	0.12 mi	Whittington Road London N22	2	Flat
£2,400	06/25	0.12 mi	Whittington Road London N22	2	Flat
£1,800	07/24	0.12 mi	Whittington Road, London, N22	2	Flat
£1,850	10/25	0.13 mi	-	2	Flat
£1,850	10/25	0.13 mi	Marlborough Road, London, N22	2	Flat
£1,875	07/25	0.15 mi	Trinity Road, London, N22	2	Flat
£1,775	10/25	0.15 mi	Trinity Road, London, N22	2	Flat
£1,750	05/24	0.15 mi	Manor Road,	2	Flat
£2,100	06/24	0.15 mi	Manor Road, Wood Green	2	Flat
£1,750	06/24	0.16 mi	Oak House, Trinity Road	2	Flat
£2,100	05/24	0.16 mi	Richard Court, London, N22	2	Flat
£2,100	05/24	0.16 mi	-	2	Flat
£1,995	02/25	0.16 mi	-	2	Flat
£2,495	05/24	0.16 mi	Bowes Park, London, N22	2	Flat
£2,600	05/24	0.16 mi	Whittington Road, London, N22	2	Flat
£2,495	05/24	0.16 mi	-	2	Flat
£2,600	05/24	0.16 mi	-	2	Flat
£1,600	09/25	0.16 mi	Truro Road, London, N22 8DP	2	Flat
£1,700	06/25	0.17 mi	Palmerston Road, N22 8QZ	2	Flat
£1,650	07/25	0.17 mi	Palmerston Road, N22 8QZ	2	Flat
£1,750	06/25	0.17 mi	-	2	Flat
£1,850	06/25	0.17 mi	Palmerston Road, London, N22	2	Flat
£1,750	06/25	0.17 mi	Palmerston Road, London, N22	2	Flat
£1,650	07/24	0.17 mi	Marlborough Road, Bowes Park, London, N22	2	Flat
£1,900	02/24	0.17 mi	-	2	Flat
£1,775	11/25	0.18 mi	Milton Court, London, N22	2	Flat
£1,650	05/24	0.18 mi	-	2	House
£1,650	12/24	0.18 mi	-	2	Flat
£1,750	08/25	0.18 mi	-	2	Flat
£1,775	11/25	0.18 mi	-	2	Flat
£1,900	06/25	0.18 mi	Richmond Road, Bounds Green, N11	2	Terraced House
£1,700	05/24	0.19 mi	Nightingale Road, Bounds Green, London, N22	2	Flat
£2,500	01/25	0.19 mi	-	2	Flat
£2,500	10/25	0.19 mi	Marlborough Road, Bounds Green, N22	2	Terraced House
£1,750	06/24	0.19 mi	Finsbury Road, Wood Green, N22	2	Flat

Local Area Statistics

Population in N22	42,99642,996
Population in London	4,771,9214,771,921
Town centre distance	5.40 miles away5.40 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.17 miles away0.17 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	-9%-9%
Sales demand	Buyer's marketBuyer's market
Capital growth (5yrs)	+14%+14%

Property History

Listed for £475,000

March 7, 2025

Floor Plans

Description

Period Conversion +
Two Bedrooms +
Share of Freehold +
Original Period Features +
Boasting Over 880 SQFT +
Moments From Bowes Park Railway Station +
Chain Free +

Guide Price £475,000-£500,000 A beautifully presented two-bedroom period conversion with a Share of Freehold, with 997 years ( approx. ) remaining on the lease. The property is spaciously arranged over two floors enjoying contemporary interior with original period features ( a fireplace and original wooden floorboards )and boasting over 880 SQ FT (approx) of flexible living/entertaining space. Further comprising; bathroom and an impressive bright and generous size reception room, separate kitchen and a larger than average bright and airy loft bedroom. Superbly positioned, on the doorstep of the desirable Bowes Park Village and within a moment's walk of Bowes Park British rail station, Bounds Green tube station and the popular Myddleton Road.

Agent Details

Castles Estate Agents, Palmers Green

020 3873 6768

Next Steps?

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

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Sold STC