3 Bed Terraced House, Refurb/BRRR, Enfield, EN1 1LH, £410,000

Lincoln Road, Enfield, EN1 1LH - 4 views - 8 days ago

Refurb/BRRR
ROI: 1%
~93 m²
+18 photos

ValuationFair Value

Sold Prices£385K - £692.5K
Sold Prices/m²£4.2K/m² - £7.5K/m²

 

 

Square Metres

~93 m²
Price/m²£4.4K/m²

Value Estimate

£410,000

 

 

End Value (After Refurb)

£482,928

Uplift in Value

+18%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£102,500

Stamp Duty & Legal Fees

£32,200

Refurb Costs

£49,200

Bridging Loan Interest

£10,763

Total Cash In

£196,413

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£482,928

Mortgage (After Refinance)

£362,196

Mortgage LTV

75%

Cash Released

£54,696

Cash Left In

£141,717

Equity

£120,732

Rent Range

£1,700 - £2,650

Rent Estimate

£2,206

Running Costs/mo

£1,970

Cashflow/mo

£236

Cashflow/yr

£2,828

ROI

1%

Gross Yield

6%

Local Sold Prices

50 sold prices from £385K to £692.5K, average is £480K. £4.2K/m² to £7.5K/m², average is £5.5K/m².

PriceDateDistanceAddressBeds 
£405K11/200.06 mi13, Harman Road, Enfield, Greater London EN1 1LB3
£425K01/210.06 mi41, Harman Road, Enfield, Greater London EN1 1LB3
£390.4K12/200.08 mi62, Harman Road, Enfield, Greater London EN1 1LA3
£440K03/230.11 mi18, Main Avenue, Enfield, Greater London EN1 1DA3
£530K04/210.11 mi63, Lincoln Crescent, Enfield, Greater London EN1 1JZ3
£445K03/210.13 mi2, Kingswood Close, Enfield, Greater London EN1 1JP3
£443.1K03/210.15 mi91, Lincoln Road, Enfield, Greater London EN1 1JU3
£385K02/210.15 mi27, East Crescent, Enfield, Greater London EN1 1BS3
£470K07/230.15 mi1, East Crescent, Enfield, Greater London EN1 1BS3
£692.5K05/210.18 mi1, Second Avenue, Enfield, Greater London EN1 1BT3
£392K06/210.18 mi4, Downs Road, Enfield, Greater London EN1 1PA3
£510K05/210.19 mi21, Third Avenue, Enfield, Greater London EN1 1BU3
£500K10/210.19 mi107, First Avenue, Enfield, Greater London EN1 1BP3
£470K12/200.19 mi95, First Avenue, Enfield, Greater London EN1 1BP3
£510K06/230.19 mi133, First Avenue, Enfield, Greater London EN1 1BP3
£585K12/200.2 mi50, Cecil Avenue, Enfield, Greater London EN1 1PP3
£440K11/200.2 mi30, Downs Road, Enfield, Greater London EN1 1PB3
£562K11/220.21 mi48, St Marks Road, Enfield, Greater London EN1 1BE3
£459K02/210.21 mi46, St Marks Road, Enfield, Greater London EN1 1BE3
£500K12/210.21 mi38, Lincoln Road, Enfield, Greater London EN1 1JS3
£520K05/210.22 mi52, Fotheringham Road, Enfield, Greater London EN1 1QG3
£540K06/230.22 mi53, Millais Road, Enfield, Greater London EN1 1EF3
£390K03/210.22 mi17, Millais Road, Enfield, Greater London EN1 1EF3
£495K10/220.22 mi50, Third Avenue, Enfield, Greater London EN1 1BX3
£560K02/230.23 mi83, Fotheringham Road, Enfield, Greater London EN1 1PX3
£400K03/210.23 mi43, Clive Road, Enfield, Greater London EN1 1RB3
£460K07/210.24 mi3, Burleigh Road, Enfield, Greater London EN1 1NY3
£510K02/210.24 mi4, Burleigh Road, Enfield, Greater London EN1 1NY3
£395K11/210.24 mi84, Clive Road, Enfield, Greater London EN1 1RE3
£690K03/230.24 mi62, First Avenue, Enfield, Greater London EN1 1BN3
£450K12/200.25 mi50, Bertram Road, Enfield, Greater London EN1 1LT3
£485K06/210.25 mi3a, Bertram Road, Enfield, Greater London EN1 1LR3
£543.5K03/230.27 mi99, Clive Road, Enfield, Greater London EN1 1RD3
£425K03/210.27 mi52a, Abbey Road, Enfield, Greater London EN1 2QN3
£467K11/200.27 mi5, Halstead Road, Enfield, Greater London EN1 1QA3
£501.6K03/230.27 mi51, Halstead Road, Enfield, Greater London EN1 1QA3
£450K12/220.28 mi110, Clive Road, Enfield, Greater London EN1 1RF3
£410K02/210.28 mi181, Southbury Road, Enfield, Greater London EN1 1QR3
£560K02/230.29 mi207, Southbury Road, Enfield, Greater London EN1 1QR3
£410K06/230.29 mi26, Southbury Avenue, Enfield, Greater London EN1 1RL3
£520K01/230.29 mi63, Burleigh Road, Enfield, Greater London EN1 1NX3
£430K03/210.3 mi114, Southbury Avenue, Enfield, Greater London EN1 1RN3
£507K01/230.3 mi76, Landseer Road, Enfield, Greater London EN1 1DR3
£480K12/220.31 mi11, Southbury Avenue, Enfield, Greater London EN1 1RH3
£500K11/220.31 mi106, St Marks Road, Enfield, Greater London EN1 1BB3
£610K02/230.31 mi52, Seaford Road, Enfield, Greater London EN1 1NS3
£575K06/210.32 mi34d, Wellington Road, Enfield, Greater London EN1 2PF3
£480K04/230.33 mi79, Southbury Avenue, Enfield, Greater London EN1 1RJ3
£410K06/210.33 mi185, Great Cambridge Road, Enfield, Greater London EN1 1SG3
£500K06/210.33 mi3, Clydach Road, Enfield, Greater London EN1 3SL3

Local Rents

52 rents from £1.7K/mo to £2.6K/mo, average is £2.2K/mo.

RentDateDistanceAddressBeds 
£1,80005/240.03 mi-3
£1,80004/240.03 miJohn Street, London, EN13
£1,80003/240.1 miAgricola Place, Enfield3
£2,10003/240.13 miKingswood Close, London, EN13
£1,85004/240.16 miPercival Road, Enfield, EN13
£1,90003/250.16 mi-3
£1,89503/240.16 miPercival Road, Enfield, Middlesex, EN13
£2,50003/240.2 miBertram Road3
£2,50003/240.21 miBertram Road, Enfield3
£2,50003/240.21 miThird Avenue, Enfield, EN13
£2,50004/240.21 mi-3
£2,40004/240.22 mi-3
£2,50005/240.25 mi-3
£2,49505/240.25 mi-3
£2,50004/240.25 miClive Road, Enfield, EN13
£2,50012/240.25 mi-3
£2,50002/250.26 mi-3
£2,10003/240.27 miPercival Road, Enfield3
£2,17512/240.31 mi-3
£1,90004/240.31 miSeaford Road, Enfield, EN13
£1,90004/240.31 miSeaford Road, Enfield, EN13
£2,20003/240.33 miLeighton Road, London, EN13
£2,00004/240.33 miGreat Cambridge Road, Enfield3
£2,50012/240.33 mi-3
£2,20003/240.38 miAlberta Road, Enfield, EN13
£2,20003/240.38 miWarne Court, EN13
£2,60005/240.39 miJules Throne Ave, Enfield En1 3
£2,35003/250.39 mi-3
£2,35001/250.39 mi-3
£2,00004/240.4 miHazelwood Road, EN13
£2,00004/240.4 miHazelwood Road, EN13
£2,00012/240.41 mi-3
£2,20004/240.42 mi-3
£2,65012/240.43 mi-3
£2,65012/240.43 mi-3
£1,75004/240.48 miLondon Road, Enfield3
£1,80004/240.49 miLondon Road, Enfield3
£1,80004/240.49 miLondon Road, Enfield3
£1,80004/240.49 miLondon Road, Enfield3
£1,70004/240.49 miLondon Road, Enfield, EN23
£2,00003/240.5 miSavoy Parade, Southbury Road, Enfield - Brilliant Sized 3 Bedroom in the epitome of Enfield !!3
£2,45003/240.5 miApple Grove, Enfield, EN1 3DA3
£2,35003/240.5 miApple Grove, Enfield, EN1 3DA3
£2,35004/240.51 mi-3
£2,20003/240.53 miMelbourne Way, Bush Hill EN1 3
£2,20003/240.53 miMelbourne Way, Bush Hill EN1 3
£2,50003/240.54 miPark Avenue, Enfield, Middlesex, EN13
£2,15003/240.57 miWoodgrange Gardens, Enfield, EN13
£2,35003/240.57 miTower Point, 52 Sydney Road, Enfield, EN2 6SY3
£2,34903/240.57 miTower Point, Sydney Road, Enfield, EN23
£2,10004/240.58 miTower Point, Sydney Road, Enfield, EN2 6SZ3
£2,35004/240.58 miSydney Road, Enfield Town, EN23

Local Area Statistics

Population in EN1

45,671

Population in Enfield

130,248

Town centre distance

1.24 miles away

Nearest school

0.20 miles away

Nearest train station

0.34 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+5%

Sales demand

Balanced market

Capital growth (5yrs)

+18%

Property History

Listed for £410,000

March 31, 2025

Floor Plans

Description

  • PERIOD COTTAGE OVERLOOKING BUSH HILL PARK +
  • TWO/THREE BEDROOMS +
  • 23'8" RECEPTION ROOM +
  • KITCHEN +
  • BATHROOM +
  • SEPARATE WC +
  • PRIVATE REAR GARDEN +

Nestled on Lincoln Road in the charming area of Enfield, this delightful mid-terrace period cottage offers a unique opportunity for those looking to create their dream home. Overlooking the picturesque Bush Hill Park, this property boasts two/three bedrooms.

The heart of the home is a generous 23'8" reception room, perfect for entertaining or relaxing with loved ones. The kitchen, while in need of modernisation, presents a blank canvas for your culinary aspirations. The downstairs bathroom, complete with a separate WC, adds to the practicality of the layout.

One of the standout features of this property is the private rear garden with a southerly aspect, offering a tranquil outdoor space to unwind or enjoy al fresco dining during the warmer months.

Located conveniently close to Enfield Town, residents will benefit from a variety of local amenities, including shops, restaurants, and excellent transport links, making commuting a breeze.

This period cottage, with its potential for modernisation, is an exciting prospect for buyers looking to invest in a property that they can truly make their own. With its charming features and prime location, this home is not to be missed.

Agent Details

Mortemore Mackay, London

020 3869 8488

Next Steps?

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