2 Bed Flat, Single Let, Enfield, EN2 6TY, £325,000

1 Tiptree Drive, Enfield, EN2 6TY - 2 months ago

Leasehold
BTL
ROI: 2%
46 m²
+4 photos

ValuationOvervalued

Sold Prices£250K - £665K
Sold Prices/m²£3.3K/m² - £7K/m²

 

 

Square Metres

46 m²
Price/m²£7.1K/m²

Value Estimate

£248,789

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£81,250

Stamp Duty & Legal Fees

£21,200

Total Cash In

£102,450

 

 

Cash Out

 

Rent Range

£1,500 - £2,450

Rent Estimate

£1,519

Running Costs/mo

£1,339

Cashflow/mo

£180

Cashflow/yr

£2,155

ROI

2%

Gross Yield

6%

Local Sold Prices

50 sold prices from £250K to £665K, average is £349K. £3.3K/m² to £7K/m², average is £5.4K/m².

PriceDateDistanceAddressBeds 
£263K05/230.19 mi4, Camberley Avenue, Enfield, Greater London EN1 2AR2
£350K04/210.19 mi49a, Chalkwell Park Avenue, Enfield, Greater London EN1 2AN2
£360K11/220.22 mi105, Uvedale Road, Enfield, Greater London EN2 6HD2
£350K06/210.24 mi35, Beresford Gardens, Enfield, Greater London EN1 1NN2
£475K09/230.28 miFlat 6, Brooklands Court, Bush Hill, London, Greater London N21 2BZ2
£276K07/230.3 mi95, Beresford Gardens, Enfield, Greater London EN1 1NP2
£385K12/200.31 miFlat 22, Austin Court, Village Road, Enfield, Greater London EN1 2DY2
£365K02/210.31 miFlat 2, Austin Court, Village Road, Enfield, Greater London EN1 2DY2
£305K05/210.31 mi61, Eaton Road, Enfield, Greater London EN1 1NJ2
£315K10/220.32 mi45, Eaton Road, Enfield, Greater London EN1 1NJ2
£295K12/200.36 mi2a, Eaton Road, Enfield, Greater London EN1 1NA2
£375K05/210.36 mi41, St Andrews Road, Enfield, Greater London EN1 3UA2
£420K06/210.37 mi30a, Little Park Gardens, Enfield, Greater London EN2 6PG2
£348K02/230.37 mi11, Mortimer Drive, Enfield, Greater London EN1 2LH2
£365K11/210.38 mi27, Queens Road, Enfield, Greater London EN1 1NF2
£345K05/210.39 mi2, Adamsrill Close, Enfield, Greater London EN1 2BP2
£375K02/230.39 mi20, Adamsrill Close, Enfield, Greater London EN1 2BP2
£460K08/230.39 mi18, Falmer Road, Enfield, Greater London EN1 1PY2
£350K06/230.39 mi12, Calder Close, Enfield, Greater London EN1 3TS2
£325K01/230.41 mi15, Stanley Road, Enfield, Greater London EN1 1NG2
£297.5K02/210.47 mi33, Winchester Close, Enfield, Greater London EN1 2ES2
£384K03/210.47 mi80a, Cecil Avenue, Enfield, Greater London EN1 1PP2
£400K09/210.49 mi1, Village Park Close, Enfield, Greater London EN1 2SG2
£412.5K01/210.5 mi4, Windmill Hill, Enfield, Greater London EN2 6SA2
£313K03/210.51 mi7, Lingfield Close, Enfield, Greater London EN1 2JL2
£315K10/200.51 mi14b, Ladysmith Road, Enfield, Greater London EN1 3AA2
£293K03/230.51 mi10, Lingfield Close, Enfield, Greater London EN1 2JL2
£305K03/210.56 mi175, Gladbeck Way, Enfield, Greater London EN2 7EW2
£285K03/210.57 mi53, Gladbeck Way, Enfield, Greater London EN2 7EL2
£500K12/200.59 mi14, Riversfield Road, Enfield, Greater London EN1 3DJ2
£665K06/210.63 mi31, The Coppice, Enfield, Greater London EN2 7BX2
£340K12/200.64 mi46, Waverley Road, Enfield, Greater London EN2 7AQ2
£295K03/230.64 mi48, Waverley Road, Enfield, Greater London EN2 7AQ2
£340K08/210.64 mi35b, St Marks Road, Enfield, Greater London EN1 1BG2
£332.5K11/210.64 miFlat 13, Chapel Court, St Marks Road, Enfield, Greater London EN1 1DT2
£325K10/200.66 miFlat 13, Chapel Court, St Marks Road, Enfield, Greater London EN1 1DT2
£500K06/230.67 miFlat 13, Claremont Heights, Crescent Road, Enfield, Greater London EN2 7RY2
£257K01/230.67 mi67b, Windmill Hill, Enfield, Greater London EN2 7AF2
£420K04/230.68 mi29, Florence Drive, Enfield, Greater London EN2 8DG2
£348K12/220.68 mi110a, Baker Street, Enfield, Greater London EN1 3EZ2
£565K12/200.69 miFlat 2, Mountford House, Crescent Road, Enfield, Greater London EN2 7BL2
£520K05/210.71 mi75a, Chase Side, Enfield, Greater London EN2 6NL2
£250K06/210.72 mi44, Roman Way, Enfield, Greater London EN1 1EQ2
£415K11/220.73 mi114a, Village Road, Enfield, Greater London EN1 2EX2
£335K04/210.73 mi8a, Graeme Road, Enfield, Greater London EN1 3UX2
£347.5K02/230.73 mi13, West Bank, Enfield, Greater London EN2 8DU2
£290K08/210.74 mi126, Village Road, Enfield, Greater London EN1 2EX2
£365K03/230.74 miFlat 27, Cheviot Court, Cheviot Close, Enfield, Greater London EN1 3UY2
£352.5K11/220.74 miFlat 14, Cheviot Court, Cheviot Close, Enfield, Greater London EN1 3UY2
£350K10/220.75 miFlat 20, Cheviot Court, Cheviot Close, Enfield, Greater London EN1 3UY2

Local Rents

50 rents from £1.5K/mo to £2.5K/mo, average is £1.8K/mo.

RentDateDistanceAddressBeds 
£1,60004/240.06 mi69 London Road, Enfield2
£1,95003/250.06 mi-2
£1,80002/240.07 mi-2
£1,80012/240.07 mi-2
£1,80004/240.07 miLondon Road, London, EN22
£1,80012/240.07 mi-2
£1,75003/240.08 miSydney Road, London, EN22
£2,10003/240.08 miSydney Road, Enfield Town, EN22
£1,75003/240.08 miTower Point, Sydney Road, EN22
£2,45004/240.08 miTower Point, 52 Sydney Road, Enfield, London, EN22
£1,60004/240.08 miTower Point, EN22
£1,60005/240.08 miTower Point, EN22
£1,50003/250.08 mi-2
£1,75003/250.09 mi-2
£2,00002/240.1 mi-2
£2,06204/240.17 miVillage Road, Bush Hill Park, Enfield, EN12
£1,82503/240.18 miRedwood House, Enfield, EN22
£2,00004/240.22 mi-2
£1,80003/250.22 mi-2
£1,55003/240.22 miWoodfield Close, EN12
£1,67504/240.24 miGenotin Terrace, Enfield2
£1,75003/240.25 miGenotin Terrace, Enfield2
£1,65005/240.26 miBeresford Gardens, Enfield, EN12
£1,85002/250.28 mi-2
£1,60003/240.28 miGenotin Road, Enfield Town2
£1,75003/250.29 mi-2
£1,65004/240.29 miChurch Street, Enfield Town EN22
£1,75003/240.29 miTower Point, Sydney Road, Enfield2
£1,85002/250.3 mi-2
£1,75003/240.3 miColman Parade, Southbury Road, Enfield, EN12
£1,75005/240.3 miColman Parade, Southbury Road, Enfield, EN12
£2,00003/240.31 miBurleigh Way, Enfield, EN22
£2,00004/240.31 miBurleigh Way, Enfield2
£1,90005/240.31 miBurleigh Way, Enfield, EN22
£2,00004/240.31 mi-2
£1,60002/240.31 mi-2
£1,89804/240.32 miBurleigh Way, Enfield, EN22
£1,90002/250.32 mi-2
£2,00004/240.32 miBurleigh Way, Enfield2
£1,90004/240.32 miBurleigh Way, Enfield, EN22
£1,55012/240.34 mi-2
£1,95003/240.35 miDowns Road, ENFIELD2
£1,60003/240.38 mi-2
£1,89512/240.38 mi-2
£1,89512/240.38 mi-2
£1,89512/240.38 mi-2
£1,89512/240.38 mi-2
£1,89501/250.38 mi-2
£1,75003/240.45 miWellington Road, ENFIELD2
£1,55003/240.45 miWinchester Close, Enfield, EN12

Local Area Statistics

Population in EN2

29,471

Population in Enfield

130,248

Town centre distance

0.70 miles away

Nearest school

0.30 miles away

Nearest train station

0.25 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+1%

Sales demand

Balanced market

Capital growth (5yrs)

+19%

Property History

Listed for £325,000

January 21, 2025

Floor Plans

Description

  • Two Bedrooms +

  • Modern Fitted Kitchen +

  • Lounge With Juliet Balcony +

  • Security Entryphone +

  • Top (Second) Floor +

  • Close To Station, Town And Park +

  • Ideal For A First Time Buyer Or Buy To Let +

  • Gas Central Heating +

SUMMARY
Superb two bedroom top floor flat in a most convenient location close to Enfield Town Station (Liverpool Street Line), just a moments walk from Enfield Town Centre and Enfield Town Park, modern fitted kitchen, bathroom, lounge with Juliet balcony, ideal first time buy/buy to let investment.

DESCRIPTION
Barnfields are delighted to offer for sale this superb, two bedroom top floor flat in a most convenient location, close to Enfield Town Rail Station (Liverpool Street Line) and just a moments walk from Enfield Town multiple shopping centre and Enfield Town Park.

The property would make an ideal First Time Buy and also has great Buy To Let potential.

Secure Entryphone System 
To communal hallway, stairs up to second (top) floor.

Hallway  
Laminate wood flooring, spotlights, radiator.

Bedroom One  13' 5" x 8' 10" ( 4.09m x 2.69m )
Laminate wood flooring, radiator, double glazed high level window to side.

Bathroom  
Panelled bath with shower and glass screen, low level WC, hand basin with cupboard beneath, radiator part tiled walls, tiled floor, double glazed window to side.

Kitchen  8' 8" x 7' 6" ( 2.64m x 2.29m )
Range of fitted wall and base units with toning worktops, stainless steel sink and drainer, plumbing for washing machine, gas hob with oven beneath and extractor fan above, space for fridge/freezer, tiled splashbacks, double glazed window to side, tiled floor, spotlights.

Lounge  12' 2" x 11' 7" ( 3.71m x 3.53m )
Laminate wood flooring, radiator, double glazed doors to rear with Juliet balcony, spotlights, door to:-

Bedroom Two 10' 2" x 7' 6" ( 3.10m x 2.29m )
Laminate wood flooring, radiator double glazed window to side, spotlights.

Outside  
Well manicured gardens surround the block.

Parking  
Residents permits are available from Enfield Council.

We currently hold lease details as displayed above, should you require further information please contact the branch. Please note additional fees could be incurred for items such as leasehold packs.

1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER SEQUENCE (UK) LIMITED NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.

Agent Details

Barnfields Estate Agents, Enfield

020 3907 2775

Next Steps?

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