2 Bed Terraced House, Refurb/BRRR, Enfield, EN3 6HR, £350,000

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

Refurb/BRRR

ROI: 2%

~68 m²

+16 photos

ValuationFair Value

Sold Prices	£313K - £590K
Sold Prices/m²	£4.4K/m² - £8.1K/m²

Square Metres	~68.11 m²
Price/m²	£5.1K/m²
Value Estimate	£353,500£353,500

End Value (After Refurb)	£327,512£327,512

Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (25%)	£87,500£87,500
Stamp Duty & Legal Fees	£23,700£23,700
Refurb Costs	£36,033£36,033
Bridging Loan Interest	£9,188£9,188
Total Cash In	£158,170£158,170

Cash Out
Monetisation	FlipRefinance & RentRefinance & Rent
Revaluation	£327,512£327,512
Mortgage (After Refinance)	£245,634£245,634
Mortgage LTV	75%75%
Cash Left In	£158,170£158,170
Equity	£81,878£81,878
Rent Range	£1,400 - £1,950£1,400 - £1,950
Rent Estimate	£1,679
Running Costs/mo	£1,379£1,379
Cashflow/mo	£300£300
Cashflow/yr	£3,597£3,597
ROI	2%2%
Gross Yield	6%6%

Local Sold Prices

29 sold prices from £313K to £590K, average is £377.2K. £4.4K/m² to £8.1K/m², average is £5.5K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£395K	04/23	0 mi	443, South Ordnance Road, Enfield, Greater London EN3 6HR	£5,000	79	2	Terraced House
£360K	11/21	0.12 mi	68, Medcalf Road, Enfield, Greater London EN3 6HL	-	-	2	Terraced House
£520K	06/21	0.3 mi	74, Government Row, Enfield, Greater London EN3 6JW	£5,977	87	2	Terraced House
£313K	11/20	0.44 mi	95, Bradley Road, Enfield, Greater London EN3 6ET	-	-	2	Semi-Detached House
£315K	11/20	0.44 mi	87, Bradley Road, Enfield, Greater London EN3 6ET	£5,250	60	2	Terraced House
£360K	05/21	0.56 mi	30, Manly Dixon Drive, Enfield, Greater London EN3 6BQ	£4,865	74	2	Semi-Detached House
£380K	04/23	0.63 mi	71, Catisfield Road, Enfield, Greater London EN3 6BB	-	-	2	Terraced House
£346K	06/21	0.67 mi	3, Titchfield Road, Enfield, Greater London EN3 6AZ	-	-	2	Terraced House
£340K	03/21	0.71 mi	83, Totteridge Road, Enfield, Greater London EN3 6NG	£4,359	78	2	Terraced House
£397K	11/20	0.71 mi	1, Vernon Avenue, Enfield, Greater London EN3 6LF	£5,514	72	2	Semi-Detached House
£430K	11/22	0.75 mi	5, Chestnut Road, Enfield, Greater London EN3 6SX	£4,831	89	2	Semi-Detached House
£365K	06/21	0.76 mi	7, Vian Avenue, Enfield, Greater London EN3 6LQ	£5,214	70	2	Semi-Detached House
£380K	07/22	0.78 mi	12, Jervis Avenue, Enfield, Greater London EN3 6LJ	-	-	2	Semi-Detached House
£425K	05/23	0.78 mi	20, Putney Road, Enfield, Greater London EN3 6NN	£4,775	89	2	Terraced House
£400K	01/21	0.78 mi	20, Putney Road, Enfield, Greater London EN3 6NN	£4,494	89	2	Terraced House
£372K	06/21	0.81 mi	47, Allandale Road, Enfield, Greater London EN3 6SA	-	-	2	Terraced House
£590K	12/22	0.83 mi	Maycroft, Sewardstone Road, London, Essex E4 7RH	£7,662	77	2	Detached House
£377.2K	09/21	0.87 mi	85, Greenwood Avenue, Enfield, Greater London EN3 5DX	£4,899	77	2	Terraced House
£401K	07/21	0.88 mi	Alkenet, Sewardstone Road, London, Essex E4 7RG	-	-	2	Semi-Detached House
£352K	03/23	0.89 mi	124, The Sunny Road, Enfield, Greater London EN3 5EQ	£6,013	59	2	Terraced House
£380K	06/23	0.93 mi	60, Greenwood Avenue, Enfield, Greater London EN3 5DU	£8,085	47	2	Terraced House
£370K	11/21	0.93 mi	58, Greenwood Avenue, Enfield, Greater London EN3 5DU	£6,344	58	2	Terraced House
£375K	08/21	0.96 mi	20, Hayden Road, Waltham Abbey, Essex EN9 3YU	£5,952	63	2	Semi-Detached House
£425K	07/22	0.96 mi	12, Rush Drive, Waltham Abbey, Essex EN9 3YP	£7,119	60	2	Detached House
£350K	11/22	0.96 mi	37, The Sunny Road, Enfield, Greater London EN3 5EF	£6,729	52	2	Terraced House
£335K	11/20	0.97 mi	59, Greenwich Way, Waltham Abbey, Essex EN9 3YR	£5,076	66	2	Semi-Detached House
£380K	02/21	0.97 mi	74, Greenwich Way, Waltham Abbey, Essex EN9 3YS	£6,710	57	2	Terraced House
£348.5K	05/21	0.97 mi	51, Holly Road, Enfield, Greater London EN3 6QA	-	-	2	Terraced House
£385K	09/22	0.97 mi	53, Greenwich Way, Waltham Abbey, Essex EN9 3YR	£6,417	60	2	Terraced House

Local Rents

27 rents from £1.4K/mo to £1.9K/mo, average is £1.7K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,700	03/24	0.02 mi	King Henrys Mews, Enfield	2	Flat
£1,500	04/24	0.05 mi	Shepley Mews, Enfield	2	Flat
£1,600	12/23	0.13 mi	-	2	Flat
£1,600	03/24	0.14 mi	Webley Court, Enfield, EN3	2	Terraced House
£1,600	11/24	0.14 mi	-	2	Flat
£1,575	05/24	0.17 mi	Manton Road, Enfield, Middlesex, EN3	2	Flat
£1,600	03/24	0.18 mi	Colgate Place, Bren Court, EN3	2	Flat
£1,850	03/24	0.18 mi	-	2	Flat
£1,850	03/24	0.18 mi	Benson Court, Enfield, EN3	2	Flat
£1,850	05/24	0.18 mi	-	2	Flat
£1,450	05/24	0.18 mi	Treeby Court, George Lovell Drive, Enfield, EN3	2	Flat
£1,600	05/24	0.18 mi	Bren Court, 2 Colgate Place, Enfield, Greater London, EN3 6WF	2	Flat
£1,500	05/24	0.19 mi	Velocity Way, Franklin House, EN3	2	Flat
£1,695	11/23	0.22 mi	-	2	Flat
£1,750	05/24	0.23 mi	Soper Mews, EN3	2	Flat
£1,850	02/25	0.23 mi	-	2	Flat
£1,850	01/25	0.23 mi	-	2	Flat
£1,500	03/24	0.23 mi	Fisher Close, Enfield Island Village	2	Flat
£1,800	04/24	0.24 mi	Manton Road, Enfield	2	Flat
£1,700	05/24	0.24 mi	Manton Road, Enfield	2	Flat
£1,950	04/24	0.42 mi	-	2	Semi-Detached House
£1,950	03/24	0.42 mi	-	2	Semi-Detached House
£1,600	03/24	0.48 mi	Element House, 74 Tysoe Avenue, Enfield, Greater London, EN3 6FG	2	Flat
£1,400	05/24	0.48 mi	-	2	Flat
£1,400	04/24	0.48 mi	-	2	Flat
£1,800	04/24	0.51 mi	Malvern Road, Enfield Lock, EN3	2	Flat
£1,800	05/24	0.51 mi	-	2	Flat

Local Area Statistics

Population in EN3	55,68755,687
Population in Enfield	130,248130,248
Town centre distance	3.67 miles away3.67 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.43 miles away0.43 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+5%+5%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+20%+20%

Property History

Listed for £350,000

March 7, 2025

Floor Plans

Description

2 bedrooms +
Upstairs bathroom +
Private garden +
Gas central heating +
Double glazing +
River views +
Chain-free sale +

A modern two-bedroom terraced home, perfect for first-time buyers or those looking for a renovation project. Situated on South Ordnance Road, the property boasts stunning views over the River Lea and is conveniently located just 0.4 miles from Enfield Lock BR Station and close to local supermarkets, restaurants and local bus stop. While in need of modernisation throughout, this home offers fantastic potential. Key features include an upstairs bathroom, a private garden, gas central heating, double glazing, and a chain-free sale.

Agent Details

Castles Estate Agents, Enfield

020 3835 6089

Next Steps?

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

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