2 Bed Flat, Single Let, Enfield, EN1 4UZ, £265,000

Melling Drive, Enfield, EN1 4UZ - 2 views - 9 months ago

Sold STC
Leasehold
BTL
ROI: 5%
~90 m²
+8 photos

ValuationUndervalued

Sold Prices£135K - £500K
Sold Prices/m²£4.1K/m² - £8K/m²

 

 

Square Metres

~90 m²
Price/m²£2.9K/m²

Value Estimate

£328,600
BMV24%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£66,250

Stamp Duty & Legal Fees

£9,900

Total Cash In

£76,150

 

 

Cash Out

 

Rent Range

£1,450 - £1,850

Rent Estimate

£1,481

Running Costs/mo

£1,144

Cashflow/mo

£337

Cashflow/yr

£4,040

ROI

5%

Gross Yield

7%

Local Sold Prices

50 sold prices from £135K to £500K, average is £300K. £4.1K/m² to £8K/m², average is £5.4K/m².

PriceDateDistanceAddressBeds 
£257K03/230.06 mi80, Orton Grove, Enfield, Greater London EN1 4UY2
£270K04/210.07 mi17, Orton Grove, Enfield, Greater London EN1 4UE2
£290K11/220.07 mi24, Orton Grove, Enfield, Greater London EN1 4UE2
£217.5K04/210.09 mi216, Magpie Close, Enfield, Greater London EN1 4JG2
£275K03/210.13 mi1, Linwood Crescent, Enfield, Greater London EN1 4UP2
£272K04/210.13 mi107, Linwood Crescent, Enfield, Greater London EN1 4UP2
£300K12/200.21 mi335, Carterhatch Lane, Enfield, Greater London EN1 4AW2
£317.5K07/210.24 mi15, Bridgenhall Road, Enfield, Greater London EN1 4AZ2
£245K05/210.28 mi36, Russell Road, Enfield, Greater London EN1 4TW2
£340K04/210.32 mi3, Myddelton Close, Enfield, Greater London EN1 4AJ2
£320K03/210.34 mi60, Myddelton Avenue, Enfield, Greater London EN1 4AG2
£322.5K04/210.34 mi78, Myddelton Avenue, Enfield, Greater London EN1 4AG2
£325K06/210.34 mi80, Myddelton Avenue, Enfield, Greater London EN1 4AG2
£300K12/200.34 mi74, Myddelton Avenue, Enfield, Greater London EN1 4AG2
£300K02/210.37 mi48, Severn Drive, Enfield, Greater London EN1 4LY2
£280K11/200.39 mi36, Myddelton Avenue, Enfield, Greater London EN1 4AF2
£340K02/210.4 mi59, Bicknoller Road, Enfield, Greater London EN1 3NW2
£342K03/210.41 mi76, Inverness Avenue, Enfield, Greater London EN1 3NU2
£324.5K11/200.41 mi37, Myddelton Avenue, Enfield, Greater London EN1 4AQ2
£332K07/230.41 mi39, Myddelton Avenue, Enfield, Greater London EN1 4AQ2
£267.5K08/210.5 mi140, Maltby Drive, Enfield, Greater London EN1 4EW2
£220K03/230.51 mi259, Maltby Drive, Enfield, Greater London EN1 4ES2
£322K01/230.57 mi10, Bridge Close, Enfield, Greater London EN1 4LH2
£307.5K04/210.72 mi52, Pevensey Avenue, Enfield, Greater London EN1 3HT2
£500K12/200.74 mi14, Riversfield Road, Enfield, Greater London EN1 3DJ2
£260K02/210.76 mi9, Cuba Drive, Enfield, Greater London EN3 5BB2
£335K04/210.76 mi8a, Graeme Road, Enfield, Greater London EN1 3UX2
£315K10/210.77 mi23, Cobham Close, Enfield, Greater London EN1 3SD2
£300K06/210.77 mi91, Cobham Close, Enfield, Greater London EN1 3SD2
£272K02/210.77 mi29, Cobham Close, Enfield, Greater London EN1 3SD2
£257K06/230.78 mi55, Stainton Road, Enfield, Greater London EN3 5JP2
£295K06/210.8 mi11, Weston Road, Enfield, Greater London EN2 0QD2
£320K12/200.8 mi2, Weston Road, Enfield, Greater London EN2 0QD2
£297K03/210.8 mi13, Weston Road, Enfield, Greater London EN2 0QD2
£275K11/200.81 mi458, Hertford Road, Enfield, Greater London EN3 5QH2
£341K04/210.81 mi116, Gordon Road, Enfield, Greater London EN2 0QB2
£341K04/210.81 mi116, Gordon Road, Enfield, Greater London EN2 0QB2
£300K04/210.81 mi171, Gordon Road, Enfield, Greater London EN2 0QB2
£135K11/220.82 mi46, Stainton Road, Enfield, Greater London EN3 5JS2
£330K07/230.83 mi20, Birkbeck Road, Enfield, Greater London EN2 0DX2
£315K10/200.83 mi14b, Ladysmith Road, Enfield, Greater London EN1 3AA2
£275K03/210.84 mi20, Riley Road, Enfield, Greater London EN3 5QB2
£325K03/210.85 mi27, Morley Hill, Enfield, Greater London EN2 0BN2
£348K12/220.86 mi110a, Baker Street, Enfield, Greater London EN1 3EZ2
£260K02/210.86 mi44, Glenloch Road, Enfield, Greater London EN3 7HN2
£185K08/230.86 mi42, Glenloch Road, Enfield, Greater London EN3 7HN2
£339K04/210.87 mi30, Morley Hill, Enfield, Greater London EN2 0BJ2
£352.5K11/220.87 miFlat 14, Cheviot Court, Cheviot Close, Enfield, Greater London EN1 3UY2
£385K02/210.87 mi66, Drake Street, Enfield, Greater London EN2 0LQ2
£300K02/210.87 miUpper Flat, 18, Drake Street, Enfield, Greater London EN2 0LQ2

Local Rents

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

RentDateDistanceAddressBeds 
£1,75003/240.03 miMelling Drive2
£1,85003/240.04 miMelling Drive, Enfield, EN12
£1,70003/250.04 mi-2
£1,75003/250.04 mi-2
£1,80004/240.05 mi-2
£1,45010/230.12 miLinwood Crescent, Enfield, Middlesex, EN12
£1,80002/250.22 mi-2
£1,65003/240.29 miEnfield, London, EN12
£1,65003/240.29 mi-2
£1,57503/240.33 miMyddelton Avenue, Enfield2
£1,67503/240.34 miBicknoller Road, London, EN12
£1,67504/240.34 mi-2
£1,60003/240.35 mi-2
£1,75002/250.38 mi-2
£1,70012/240.38 mi-2
£1,60003/240.38 mi-2
£1,50003/240.4 miAdelaide Close, Enfield2
£1,85002/250.4 mi-2
£1,50003/240.42 miAdelaide Close, Enfield EN1 4AA2
£1,57504/240.42 miForty Hill, Enfield, Middlesex, EN22
£1,50002/240.44 mi-2
£1,50011/240.48 mi-2
£1,70003/240.49 miCanonbury Road, Enfield, EN12
£1,80005/240.5 mi-2
£1,50004/240.57 miBridge Close, Enfield, Middlesex, EN12

Local Area Statistics

Population in EN1

45,671

Population in Enfield

130,248

Town centre distance

1.81 miles away

Nearest school

0.30 miles away

Nearest train station

0.91 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+5%

Sales demand

Balanced market

Capital growth (5yrs)

+18%

Property History

Price changed to £265,000

October 30, 2024

Listed for £275,000

June 27, 2024

Floor Plans

Description

  • Two Bedroom Second Floor Apartment +
  • En-suite to Master Bedroom +
  • Residents Parking +
  • Spacious Lounge +
  • Security Entry Phone System +
  • Double Glazing +
  • 107 Years Remaining on the Lease +
  • Easy Access To The A10 & M25 +
  • Ideal First Time Purchase Or Investment Opportunity +
  • Walking Distance to David Lloyds Health & Wellness Group +

Kings Group - Enfield Town are delighted to offer this beautifully presented TWO BEDROOM SECOND FLOOR APARTMENT. This property is located within easy reach of local shops and amenities including Enfield's Retail Parks and the David Lloyd Leisure Centre.

The property is also conveniently located for access to Turkey Street Station which offers fast links into Liverpool Street with connections to the Victoria Line at Seven Sisters.

The accommodation comprises of a good size lounge, kitchen, two double bedrooms, en-suite to master bedroom and bathroom. The property benefits from a security entry phone system and residents parking.

Early viewing is recommended - call us today on to book an appointment to view.

Hallway - storage cupboard, laminate flooring, internet point, smoke alarm, power points,

Bathroom - part tiled walls, wall mounted blow hearer, vinyl flooring, extractor fan, panel enclosed bath, low level w.c, wash basin, airing cupboard

Lounge - 4.52m x 4.27m (14'10 x 14'38 ) - double glazed windows to the rear, economy 7 heating, laminate flooring, phone point, TV aerial point, power points

Kitchen - 2.44m x 2.44m (8 x 8'55) - double glazed windows to the rear, vinyl flooring, tiled splash back walls, wall units with roll top, integrated cooker, electric oven with electric hobs, integrated extractor, double drainer unit sink, space for fridge freezer, power points

Bedroom 1 - 3.05m x 3.35m (10'45 x 11'20) - double glazed window at the front, laminate flooring, power points

En-Suite - 0.91m x 2.13m (3'45 x 7'74) - part tiled walls, wall mounted blow heater, extractor fan, shower cubicle, wash basin, w.c. low level

Bedroom 2 - 3.05m x 2.13m (10'43 x 7'30) - double glazed windows to the rear, laminate flooring, economy 7 heating, power points

Agent Details

Kings Group, Enfield Town

020 3869 0917

Next Steps?

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