3 Bed Flat, Refurb/BRRR, London, N3 2HB, £250,000

30b Ballards Lane, London, N3 2HB - 12 views - 21 days ago

Leasehold

Auction

Refurb/BRRR

ROI: 3%

~93 m²

+10 photos

ValuationUndervalued

Sold Prices	£367.5K - £960K
Sold Prices/m²	£4.1K/m² - £19.7K/m²

Square Metres	~93 m²
Price/m²	£2.7K/m²
Value Estimate	£257,500£257,500
BMV	3%

End Value (After Refurb)	£576,232£576,232
Uplift in Value	+130%+130%
You could potentially get back more cash than you put into this deal. All your cash out plus £110,961 extra. See the breakdown

Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (25%)	£62,500£62,500
Stamp Duty & Legal Fees	£13,700£13,700
Refurb Costs	£49,200£49,200
Bridging Loan Interest	£6,563£6,563
Total Cash In	£133,713£133,713

Cash Out
Monetisation	FlipRefinance & RentFlip
Estimated Sale Price	£576,232£576,232
Agent Fees (1%)	£5,762£5,762
Bridging Loan	£187,500£187,500
Bridging Loan Interest	£6,563£6,563
Flip Profit	£249,257£249,257

Local Sold Prices

41 sold prices from £367.5K to £960K, average is £490K. £4.1K/m² to £19.7K/m², average is £6.2K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£630K	06/21	0.13 mi	42a, Redbourne Avenue, London, Greater London N3 2BS	£5,833	108	3	Flat
£550K	07/23	0.26 mi	Flat 1, Rozelle, Church Crescent, London, Greater London N3 1BG	-	-	3	Flat
£422K	09/23	0.27 mi	Flat 8, Eversleigh Court, Eversleigh Road, London, Greater London N3 1JB	-	-	3	Flat
£370K	01/21	0.27 mi	Flat 2, Eversleigh Court, Eversleigh Road, London, Greater London N3 1JB	-	-	3	Flat
£370K	01/21	0.27 mi	Flat 2, Eversleigh Court, Eversleigh Road, London, Greater London N3 1JB	-	-	3	Flat
£370K	01/21	0.31 mi	Flat 4, Grosvenor Court, Grosvenor Road, London, Greater London N3 1HA	-	-	3	Flat
£570K	03/21	0.31 mi	45, Eversleigh Road, London, Greater London N3 1HY	-	-	3	Flat
£932.5K	05/23	0.34 mi	31, Spencer Close, London, Greater London N3 3TX	-	-	3	Flat
£960K	03/23	0.36 mi	95, Spencer Close, London, Greater London N3 3TZ	-	-	3	Flat
£390K	03/21	0.41 mi	Flat 10, Rocklands, Gordon Road, London, Greater London N3 1EN	-	-	3	Flat
£490K	12/22	0.41 mi	65, Long Lane, London, Greater London N3 2HY	£5,506	89	3	Flat
£489K	12/20	0.49 mi	11, Woodlands Avenue, London, Greater London N3 2NS	-	-	3	Flat
£675K	03/21	0.49 mi	31, Windermere Avenue, London, Greater London N3 3QX	£7,181	94	3	Flat
£490K	06/21	0.57 mi	36a, Queens Avenue, London, Greater London N3 2NP	-	-	3	Flat
£580K	11/23	0.59 mi	First Floor Flat, 24, Holdenhurst Avenue, London, Greater London N12 0JB	£7,838	74	3	Flat
£416K	01/23	0.61 mi	132, Basing Way, London, Greater London N3 3DA	£5,200	80	3	Flat
£460K	10/23	0.61 mi	22, Montrose Crescent, London, Greater London N12 0ED	-	-	3	Flat
£560K	11/21	0.69 mi	Flat 28, Greenacres, Hendon Lane, London, Greater London N3 3SF	-	-	3	Flat
£550K	03/21	0.74 mi	33, Woodberry Way, London, Greater London N12 0HE	£6,111	90	3	Flat
£610K	10/20	0.74 mi	31, Woodberry Way, London, Greater London N12 0HE	£6,778	90	3	Flat
£399.8K	06/21	0.74 mi	Flat 40, Bittacy Court, Bittacy Hill, London, Greater London NW7 1HY	-	-	3	Flat
£520K	11/22	0.82 mi	143, Glebelands Close, London, Greater London N12 0AN	-	-	3	Flat
£570K	08/21	0.83 mi	Flat 21, Cranmer Court, Wickliffe Avenue, London, Greater London N3 3HG	-	-	3	Flat
£455K	07/23	0.84 mi	285b, Long Lane, London, Greater London N2 8JW	-	-	3	Flat
£730K	09/21	0.86 mi	Flat 6, Grasmere Court, Holders Hill Gardens, London, Greater London NW4 1PF	-	-	3	Flat
£540K	03/21	0.88 mi	Flat 39, Chessington Court, Charter Way, London, Greater London N3 3DT	-	-	3	Flat
£472.5K	09/23	0.89 mi	97, Beaufort Park, London, Greater London NW11 6BX	£4,777	99	3	Flat
£430K	12/22	0.89 mi	Flat 26, Queensborough Court, North Circular Road, London, Greater London N3 3JP	-	-	3	Flat
£390K	04/21	0.9 mi	41, Dale Grove, London, Greater London N12 8EE	£5,397	72	3	Flat
£699K	06/21	0.92 mi	20, Sedgemere Avenue, London, Greater London N2 0SX	£8,469	83	3	Flat
£375K	06/21	0.94 mi	Flat 5a, Todd House, The Grange, London, Greater London N2 8NL	-	-	3	Flat
£450K	05/21	0.95 mi	Flat 15, Fernside Court, Holders Hill Road, London, Greater London NW4 1JT	-	-	3	Flat
£390K	06/21	0.95 mi	Flat 4, Fernside Court, Holders Hill Road, London, Greater London NW4 1JT	-	-	3	Flat
£532.5K	05/21	0.95 mi	5, Sedgemere Avenue, London, Greater London N2 0SY	£6,202	86	3	Flat
£490K	12/20	0.95 mi	29, Beaufort Park, London, Greater London NW11 6BS	£4,118	119	3	Flat
£615K	05/24	0.95 mi	7a, Sedgemere Avenue, London, Greater London N2 0SY	£6,997	88	3	Flat
£602K	04/21	0.95 mi	19a, Sedgemere Avenue, London, Greater London N2 0SY	£7,000	86	3	Flat
£725K	09/23	0.95 mi	35a, Sedgemere Avenue, London, Greater London N2 0SY	£19,674	37	3	Flat
£395K	03/24	0.97 mi	Garden House, Flat 25, The Grange, London, Greater London N2 8EG	£6,077	65	3	Flat
£367.5K	06/21	0.97 mi	Flat 19, Garden House, The Grange, London, Greater London N2 8EG	-	-	3	Flat
£600K	03/21	0.98 mi	Flat 2, Elmwood Court, Elm Gardens, London, Greater London N2 0TQ	-	-	3	Flat

Local Rents

49 rents from £1.9K/mo to £3.8K/mo, average is £2.5K/mo.

Rent	Date	Distance	Address	Beds	Type
£2,550	11/24	0.1 mi	-	3	Flat
£2,550	11/24	0.1 mi	-	3	Flat
£2,500	05/24	0.13 mi	Ballards Lane, Finchley, London, N3	3	Flat
£2,550	09/24	0.13 mi	-	3	Flat
£2,650	08/24	0.13 mi	Finchley, London, N3	3	Flat
£2,100	07/24	0.13 mi	The Grove, London, N3	3	Flat
£2,650	11/24	0.14 mi	-	3	Flat
£2,750	08/24	0.15 mi	Princes Avenue, London, N3	3	Flat
£2,800	01/25	0.18 mi	-	3	Flat
£2,750	03/25	0.2 mi	-	3	Flat
£2,300	02/24	0.2 mi	Station Road, Finchley, London, N3	3	Flat
£2,400	05/24	0.21 mi	Nether street, Finchley central, London, N3 - GARDEN FLAT	3	Flat
£3,000	06/24	0.21 mi	Regents Park Road, Finchley, London, N3	3	Flat
£2,253	06/24	0.21 mi	Ballards Lane, Finchley, N3	3	Flat
£2,100	03/25	0.21 mi	-	3	Flat
£2,253	06/24	0.22 mi	Ballards Lane, Finchley, N3	3	Flat
£2,253	07/24	0.22 mi	Ballards Lane, Finchley, N3	3	Flat
£2,745	02/25	0.22 mi	-	3	Flat
£1,950	05/24	0.22 mi	Cornwall Avenue, Finchley Central, N3	3	Detached House
£3,000	06/24	0.23 mi	-	3	Flat
£2,000	07/24	0.23 mi	Lichfield Grove, Finchley	3	Flat
£2,200	06/24	0.24 mi	Crescent Road, Finchley, London, N3	3	Flat
£2,400	01/25	0.25 mi	-	3	Flat
£2,400	01/25	0.25 mi	-	3	Flat
£3,500	06/24	0.25 mi	Long Lane, Finchley Central, London N3	3	Flat
£2,300	05/24	0.25 mi	Crescent Road, Finchley, N3 1HP	3	Flat
£2,300	05/24	0.25 mi	Crescent Road, Finchley Central, N3	3	Flat
£3,000	05/24	0.26 mi	Long Lane, Finchley	3	Detached House
£2,400	05/24	0.26 mi	Station Road, Finchley, N3	3	Flat
£2,200	05/24	0.27 mi	-	3	Flat
£1,950	05/24	0.29 mi	Grosvenor Court, Grosvenor Road, Finchley, London, N3	3	Flat
£3,200	07/24	0.29 mi	BALLARDS LANE, Finchley Central, London, N3	3	Flat
£2,950	08/24	0.3 mi	Grosvenor Road, London, N3	3	Flat
£2,000	05/24	0.31 mi	Grosvenor Road, London, N3	3	Flat
£2,600	06/24	0.32 mi	Dollis Park, Finchley, London, N3	3	Detached House
£3,200	07/24	0.32 mi	Ballards, Finchley, N3	3	Flat
£2,800	07/24	0.34 mi	Howcroft Crescent, West Finchley, London, N3	3	House
£3,800	06/24	0.35 mi	Dollis Park, London N3	3	Detached House
£2,750	07/24	0.35 mi	Howcroft Crescent, Finchley	3	House
£2,750	07/24	0.35 mi	Howcroft Crescent, West Finchley, London, N3	3	Semi-Detached House
£2,550	08/24	0.35 mi	-	3	Semi-Detached House
£2,695	08/24	0.35 mi	Howcroft Crescent, Finchley, N3	3	Semi-Detached House
£2,500	05/24	0.35 mi	Station Road, Finchley Central, London, N3	3	Flat
£2,750	08/24	0.37 mi	Brownlow Road, Finchley, N3	3	Flat
£2,450	07/24	0.37 mi	Lansdowne Road, Finchley, London, N3	3	Terraced House
£3,800	06/24	0.39 mi	Dollis Park, Finchley	3	House
£2,999	06/24	0.39 mi	-	3	Flat
£3,000	06/24	0.39 mi	Gruneisen Road, Finchley, London, N3	3	Terraced House
£3,800	06/24	0.39 mi	Dollis Park, Finchley, London, N3	3	Detached House

Local Area Statistics

Population in N3	26,58426,584
Population in London	4,771,9214,771,921
Town centre distance	6.34 miles away6.34 miles away
Nearest school	0.30 miles away0.30 miles away
Nearest train station	0.10 miles away0.10 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	-30%-30%
Sales demand	Buyer's marketBuyer's market
Capital growth (5yrs)	+19%+19%

Property History

Listed for £250,000

March 14, 2025

Description

Long leasehold split level three bedroom flat +
Requires modernisation +
Popular north London suburb +
Vacant possession +
On the instructions of a Major Housing Association +
Online Auction on Thursday, 24 April 2025 +

A split level self-contained three bedroom flat totalling approximately 72.52 sq m (812 sq ft) that requires modernisation . The flat is arranged as three bedrooms, am open plan living room/kitchen and bathroom/WC. Access is from the rear via a driveway leading from Hervey Close.

Location:
The London district of Finchley lies within the London Borough of Barnet approximately 6 miles north of Central London. It can be accessed via the A598 which links to the A406 (North Circular) and Great North Way (A1). Underground services are provided at Finchley Central, East Finchley and West Finchley (all Northern Line) and additionally numerous bus routes serve the area. Ballards Lane forms part of the A598 being a continuation of Regents Park Road. The property lies on the east side of the road opposite its junction with Albert Place within a few hendred metres of Finchley Central Underground Station and within the heart of the shopping and leisure facilities that the area provides.

Online Auction on Thursday, 24 April 2025. For further information, such as legal documents and property information, please visit bidx1.com.