2 Bed Terraced House, Refurb/BRRR, London, N18 2DX, £365,000

Albany Road, London, N18 2DX - 1 views - 22 days ago

Refurb/BRRR
ROI: 3%
~68 m²
+6 photos

ValuationFair Value

Sold Prices£295K - £520K
Sold Prices/m²£3.7K/m² - £6.6K/m²

 

 

Square Metres

~68.11 m²
Price/m²£5.4K/m²

Value Estimate

£359,076

 

 

End Value (After Refurb)

£338,508

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£91,250

Stamp Duty & Legal Fees

£25,200

Refurb Costs

£36,059

Bridging Loan Interest

£9,581

Total Cash In

£163,840

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£338,508

Mortgage (After Refinance)

£253,881

Mortgage LTV

75%

Cash Left In

£163,840

Equity

£84,627

Rent Range

£1,500 - £4,000

Rent Estimate

£1,907

Running Costs/mo

£1,459

Cashflow/mo

£448

Cashflow/yr

£5,373

ROI

3%

Gross Yield

6%

Local Sold Prices

50 sold prices from £295K to £520K, average is £375K. £3.7K/m² to £6.6K/m², average is £5.3K/m².

PriceDateDistanceAddressBeds 
£340K11/200.22 mi106, Kimberley Road, London, Greater London N18 2DN2
£364K09/210.25 mi11, York Road, London, Greater London N18 2JZ2
£390K05/230.25 mi15, York Road, London, Greater London N18 2JZ2
£370K06/210.29 mi23, Leyburn Road, London, Greater London N18 2BG2
£385K11/210.3 mi24, Middleham Road, London, Greater London N18 2SB2
£370K06/210.33 mi4, Daniel Close, London, Greater London N18 2NR2
£373K02/230.41 mi93, Middleham Road, London, Greater London N18 2RZ2
£355K01/210.43 mi76, Middleham Road, London, Greater London N18 2SD2
£407K07/230.44 mi25, Middlesborough Road, London, Greater London N18 2AR2
£385K02/230.45 mi139, Raynham Avenue, London, Greater London N18 2BT2
£330K04/210.47 mi6, St Peters Avenue, London, Greater London N18 2PX2
£370K03/230.47 mi36, Argyle Road, London, Greater London N18 2PP2
£410K04/230.47 mi4, Hythe Close, London, Greater London N18 2PZ2
£385K03/230.49 mi4, North Avenue, London, Greater London N18 2PS2
£375K02/210.55 mi5, Middleham Gardens, London, Greater London N18 2SE2
£407.1K04/240.58 mi20, Felixstowe Road, London, Greater London N9 0DU2
£360K02/210.59 mi13, Felixstowe Road, London, Greater London N9 0DX2
£322K01/210.62 mi34, Ingleton Road, London, Greater London N18 2RU2
£387K03/230.62 mi36, Ingleton Road, London, Greater London N18 2RU2
£392K04/230.62 mi10, Ingleton Road, London, Greater London N18 2RU2
£395K03/210.66 mi31, Farningham Road, London, Greater London N17 0PP2
£340K05/210.72 mi33, Shrubbery Road, London, Greater London N9 0PA2
£435K09/230.74 mi16, Lancaster Road, Edmonton, London, Greater London N18 1HP2
£415.5K08/230.74 mi23, Lancaster Road, Edmonton, London, Greater London N18 1HP2
£370K10/230.75 mi42, Pycroft Way, London, Greater London N9 9XY2
£375K11/220.76 mi69, St Malo Avenue, London, Greater London N9 0RY2
£375K12/220.77 mi33, Shrubbery Road, London, Greater London N9 0PA2
£340K05/210.77 mi33, Shrubbery Road, London, Greater London N9 0PA2
£400K02/230.79 mi13, Pretoria Road North, London, Greater London N18 1EU2
£365K11/220.8 mi54, Wellington Avenue, London, Greater London N9 0RW2
£375K04/210.8 mi94, Manor Road, London, Greater London N17 0JE2
£520K09/220.8 mi94, Manor Road, London, Greater London N17 0JE2
£480K06/210.8 mi15, Denmark Street, London, Greater London N17 0JL2
£353K02/210.83 mi13, Sunnyside Road East, London, Greater London N9 9SP2
£335.5K10/200.83 mi2a, Sunnyside Road South, London, Greater London N9 9ST2
£365K03/210.84 mi71, Hawthorn Road, London, Greater London N18 1EY2
£365K03/210.84 mi71, Hawthorn Road, London, Greater London N18 1EY2
£440K08/230.84 mi74, Somerset Road, London, Greater London N18 1HG2
£470K11/200.87 mi56, Asplins Road, London, Greater London N17 0NG2
£350K06/210.87 mi56, St James Road, London, Greater London N9 0QY2
£385K07/230.88 mi19, Sunnyside Road North, London, Greater London N9 9SW2
£371K06/210.88 mi13, Sunnyside Road North, London, Greater London N9 9SW2
£500K11/210.93 mi61, Foyle Road, London, Greater London N17 0NL2
£460K03/210.93 mi17, Foyle Road, London, Greater London N17 0NL2
£325K12/230.94 mi3, Westoe Road, London, Greater London N9 0SH2
£385K06/210.97 mi10, Dunholme Road, London, Greater London N9 9NW2
£400K12/220.98 mi17, Pretoria Road, London, Greater London N17 8DX2
£460K04/230.98 mi5, Denton Road, London, Greater London N18 1RU2
£350K07/230.99 mi19, Baronet Road, London, Greater London N17 0LU2
£295K10/230.99 mi39, West Close, London, Greater London N9 9QR2

Local Rents

18 rents from £1.5K/mo to £4K/mo, average is £1.8K/mo.

RentDateDistanceAddressBeds 
£1,80003/250.09 mi-2
£1,55005/240.1 miCulpepper Close, Edmonton, London, N182
£1,59503/250.21 mi-2
£1,60001/250.21 mi-2
£1,70006/240.4 miSwaythling Close, London2
£1,75005/240.44 miJeremys Green, Edmonton, N182
£1,85002/250.47 mi-2
£1,80012/240.48 mi-2
£1,85006/240.5 miLeyburn Grove, Edmonton, London2
£1,50001/250.51 mi-2
£1,60003/250.51 mi-2
£4,00005/240.51 mi-2
£1,80001/250.57 mi-2
£1,80005/240.58 miFelixstowe Road, Edmonton2
£1,95001/250.6 mi-2
£1,85003/250.61 mi-2
£2,40003/250.61 mi-2
£1,85003/250.62 mi-2

Local Area Statistics

Population in N18

31,598

Population in London

4,771,921

Town centre distance

6.27 miles away

Nearest school

0.10 miles away

Nearest train station

0.17 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+19%

Sales demand

Buyer's market

Capital growth (5yrs)

+10%

Property History

Listed for £365,000

March 14, 2025

Floor Plans

Description

  • TWO BEDROOM HOUSE +
  • VICTORIAN BUILD +
  • TWO RECEPTION ROOMS +
  • SPACIOUS KITCHEN +
  • PRIVATE REAR GARDEN +
  • PERMIT PARKING +
  • CLOSE TO MERIDIAN WATER TRAIN STATION +
  • WALKING DISTANCE TO MERIDIAN ANGEL PRIMARY SCHOOL +
  • IN NEED OF MODERNISATION THROUGHOUT +
  • CHAIN FREE +

Knights are proud to present this two bedroom Victorian property, located within walking distance of Meridian Water Train Station and Meridian Angel Primary School. This terraced property offers two bedrooms, two reception rooms, spacious kitchen, private rear garden, permit parking, double glazed windows and gas central heating. The property is in need of modernisation throughout, and offers potential to develop further (STPP), offering any incoming buyer the opportunity to add their own personal touch. Being offered CHAIN FREE!

EPC - D

Agent Details

Knights Residential, Edmonton

020 3840 3527

Next Steps?

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

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