3 Bed Flat, Single Let, Enfield, EN2 8QJ, £685,000

The Ridgeway, Enfield, Middlesex, EN2 8QJ - 2 views - 7 months ago

Leasehold
BTL
~112 m²
+12 photos

ValuationOvervalued

Sold Prices£220K - £925K
Sold Prices/m²£3.7K/m² - £5.9K/m²

 

 

Square Metres

~112 m²
Price/m²£6.1K/m²

Value Estimate

£471,093

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£171,250

Stamp Duty & Legal Fees

£57,200

Total Cash In

£228,450

 

 

Cash Out

 

Rent Range

£1,800 - £3,995

Rent Estimate

£1,975

Running Costs/mo

£2,556

Cashflow/mo

£-581

Cashflow/yr

£-6,967

Gross Yield

3%

Local Sold Prices

23 sold prices from £220K to £925K, average is £408K. £3.7K/m² to £5.9K/m², average is £4.5K/m².

PriceDateDistanceAddressBeds 
£925K08/210.06 miFlat 10, Holly Tree Lodge, The Ridgeway, Enfield, Greater London EN2 8QT3
£417.5K02/210.47 mi61, Kirkland Drive, Enfield, Greater London EN2 0RJ3
£566.5K09/220.83 mi5, Hanbury Drive, London, Greater London N21 1SZ3
£335K01/210.84 mi36, Cheviot Close, Enfield, Greater London EN1 3UZ3
£492K11/210.98 mi103, Pennington Drive, London, Greater London N21 1TZ3
£320K03/211 mi26, Lancaster Road, Enfield, Greater London EN2 0AX3
£520K01/241.08 mi10, Maplin Close, London, Greater London N21 1NB3
£408K12/201.08 mi32, Maplin Close, London, Greater London N21 1NB3
£550K09/231.1 miFlat 20, High Beech, Eversley Park Road, London, Greater London N21 1NS3
£362K06/211.13 mi48, Beresford Gardens, Enfield, Greater London EN1 1NN3
£360K06/211.13 mi24, Beresford Gardens, Enfield, Greater London EN1 1NN3
£535K03/211.6 mi29a, Elm Park Road, London, Greater London N21 2HP3
£265K02/211.64 mi64, Hadrians Ride, Enfield, Greater London EN1 1DG3
£307.5K01/211.67 mi60, St Marks Road, Enfield, Greater London EN1 1BE3
£350K01/211.7 miFlat 28, Ashridge Court, Reservoir Road, London, Greater London N14 4BE3
£413.5K11/201.7 miFlat 30, Ashridge Court, Reservoir Road, London, Greater London N14 4BE3
£220K08/231.7 miFlat 50, Ashridge Court, Reservoir Road, London, Greater London N14 4BE3
£670K11/201.73 mi57b, Compton Road, London, Greater London N21 3NU3
£670K11/201.73 mi57b, Compton Road, London, Greater London N21 3NU3
£385K06/211.83 mi114b, Bramley Road, London, Greater London N14 4HT3
£270K03/211.87 miFlat 15, Reynolds House, Ayley Croft, Enfield, Greater London EN1 1XR3
£440K06/231.94 mi3, The Poplars, London, Greater London N14 4HH3
£355K06/211.99 mi32b, Hyde Park Avenue, London, Greater London N21 2PP3

Local Rents

20 rents from £1.8K/mo to £4K/mo, average is £2.4K/mo.

RentDateDistanceAddressBeds 
£2,00004/240.11 miPostern Green, London, EN23
£3,99503/240.16 miBergamot House, 52 Rowantree Road, Enfield, EN23
£2,95003/240.24 miBergamot House, Rowantree Road, Enfield3
£2,20005/240.27 miPerry Mead, Enfield3
£2,50004/240.31 miPerry Mead, ENFIELD3
£3,99504/240.33 miOld Park Road, Enfield3
£2,20005/240.33 miWindmill Gardens, Enfield, Middlesex, EN23
£3,99504/240.34 miOld Park Road, Enfield, EN23
£2,75002/250.36 mi-3
£3,75003/240.38 miWilliams Court, The Ridgeway, Enfield, Middlessex, EN23
£2,29503/240.44 miLavender Hill, Enfield, Middlesex, EN23
£2,20004/240.46 miLambs Walk, Enfield3
£1,80003/240.47 miKirkland Drive, Enfield, EN23
£2,30005/240.49 miGladbeck Way, EN2 7EN3
£2,80003/240.52 miHoltwhite Avenue, Enfield3
£1,97504/240.54 miChesham Court, Gordon Hill, Enfield3
£2,30004/240.61 miHalifax Road, Enfield, EN23
£2,50004/240.61 miEnfield Road, Enfield, Middlesex, EN23
£2,50004/240.61 miHalifax Road, Enfield, EN23
£1,97504/240.62 miGladbeck Way3

Local Area Statistics

Population in EN2

29,471

Population in Enfield

130,248

Town centre distance

0.57 miles away

Nearest school

0.50 miles away

Nearest train station

0.47 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+1%

Sales demand

Balanced market

Capital growth (5yrs)

+19%

Property History

Listed for £685,000

October 1, 2024

Floor Plans

Description

  • 3 Double Bedrooms +
  • Spacious 23' x 14'9 Lounge +
  • Integrated Kitchen/Diner +
  • En-Suite To Main Bedroom +
  • South Facing Balcony +
  • 2 Underground Parking Spaces +
  • Gas Central Heating +
  • The Property Faces The Rear and Side Of This Development. +
  • 164 Year Lease, No Ground Rent +

This impressive 3 double bedroom first floor apartment measures 1,200 square feet. The property has generous proportions throughout including a 23' x 14'9 dual aspect lounge and an integrated kitchen/diner. Other features are an en-suite to the main bedroom and 2 underground parking spaces.

The building is entered via a video entry phone system or via the underground car park. This apartment is on the first floor. There are stairs and a lift.

Large Hallway Video entry phone, very good sized airing cupboard with Heatrae Sadia hot water tank, further built in storage cupboard, radiator, corniced ceiling. Double doors to the lounge.

Spacious Lounge 23'2 x 14'9 Dual aspect with double glazed double doors onto the balcony and further double glazed window to the side aspect, wall lights, two radiators.

Balcony South facing and over-looking the attractive communal gardens.

Integrated Kitchen/Diner 14'3 x 8'3 Double glazed windows with granite display cil. The kitchen has an extensive range of fitted wall and base units, one and a half bowl, sink inset to granite work surfaces, 4 ring gas hob with extractor fan and large granite splash back, Integrated fridge and freezer, integrated Miele dish washer, integrated AEG microwave, Neff double oven, integrated Hotpoint washing machine, good quality flooring (probably Amtico) radiator, Potterton boiler.

Master Bedroom 14' x 11' (extending to 16'10) Double glazed windows, twin double wardrobes, display shelving, radiator, corniced ceiling.

En-Suite Well-proportioned shower cubicle with over-head shower, low flush w/c, pedestal wash hand basin, fitted mirror, extractor fan, shaver point, radiator, ceramic tiled wall and floor.

Bedroom Two 11'9 x 8'8 (Extending to 12'2) Double glazed window, double and single wardrobe, coved ceiling, radiator.

Bedroom Three 11'2 (max) x 11' Double glazed windows, radiator, coving.

Bathroom W/c Ceramic tiled walls and floor, panelled bath with shower attachment, low flush w/c, pedestal wash hand basin, tiled shelving, extractor fan, fitted mirror.

Exterior

Underground parking for two cars. Stairs or lift to upper floors.

Attractive communal gardens with lawns, seating and a fountain.

Agent Details

Ian Gibbs, Enfield

020 8370 4800

Next Steps?

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