Faraday House, Velocity Way, EN3
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Faraday House, Velocity Way, EN3

By eXp UK

£ 250,000

Reviews

2 out of 5 stars

eXp UK says ..

REF PB0448 Investment Opportunity – Faraday House, Velocity Way, EN3 First-Floor 1-Bedroom Apartment | £250,000 | Buy-to-Let | 6%+ Yield An excellent opportunity for first-time buyers looking to get onto the property ladder or investors seeking a hassle-free bu...

Property Oracle says ..

This one bedroom apartment is located in Enfield Lock, a suburb of London. The property is situated within a modern development and benefits from being close to Enfield Lock train station, providing convenient access to London. The apartment itself appears to be in good condition, based on the provided images. It features a modern kitchen and bathroom, and the living space is well-lit and spacious. The property is listed at £250,000, which is significantly lower than the average price for the area (£402,509). However, it is important to note that the apartment is smaller than the average property size in the area (419.79 sqft vs 856 sqft), and it does not have a garden. Considering the location, condition, and size, the list price might be considered reasonable for a first-time buyer or investor looking for a property in a convenient location. However, the lack of outdoor space might be a drawback for some buyers.

Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

Price
7
Condition
8
Location
7
Land
1
Bedrooms
1
Bathrooms
1
Sqft (est)
419.79

The heatmap indicates the level of crime in the area. The color of the heatmap indicates the crime severity and recency.

Metrics Year-on-Year

Average area value
280,712.00 £
Decreased by 9.20 %
from 309,162.00 £
Est sale value
175,052.43 £
Increased by 9.74 %
from 159,520.20 £
Average area rental value
1,920.00 £/mo
Increased by 9.90 %
from 1,747.00 £/mo
Est letting value
839.58 £/mo
Unchanged by 0.00 %
from 839.58 £/mo
Est rental Yield
8.21 %
Increased by 21.09 %
from 6.78 %
Crime Rate
17.00 %
Unchanged by 0.00 %
from 17.00 %

Agent Activity

  • eXp UK created the listing.

Nearby Schools

NameTypeOfstedDistance
Prince Of Wales Childrens CentreChildren's Centre0.21 KM
Freshsteps Independent SchoolOther Independent SchoolOutstanding0.25 KM
Oasis Academy EnfieldAcademy Sponsor LedGood0.27 KM
Oasis Academy EnfieldChildren's Centre Linked Site0.35 KM
Prince Of Wales Primary SchoolCommunity SchoolGood0.36 KM

Images

Nearby Streets

NameAverage PriceAverage SqftDistance
Electric Avenue £ 000.00 KM
Salisbury Road £ 344,97500.00 KM
King Henry's Mews £ 375,00000.00 KM
Soper Mews £ 000.00 KM
River Close £ 360,00000.00 KM

Nearby Transport

NameNLCTLCDistance
Enfield Lock6815ENL0.78 KM
Waltham Cross6823WLC1.61 KM
Brimsdown6810BMD2.04 KM
Theobalds Grove6949TEO2.76 KM
Turkey Street6952TUR2.84 KM

Nearby Listings

AddressPriceTypeScoreDistance
Faraday House, Velocity Way, EN3 £ 250,000BUY5 / 100.00 KM
Faraday House, Velocity Way, Enfield £ 225,000BUY6 / 100.02 KM
Faraday House, 1 Velocity Way, Enfield, EN3 £ 230,000BUY6 / 100.02 KM
Hubble House, Velocity Way, Enfield £ 295,000BUY6 / 100.05 KM
Velocity Way, Franklin House, EN3 £ 240,000BUY6 / 100.05 KM

Nearby Properties

AddressPriceDistance
260 Ordnance Road £ 200,0000.15 KM
367 Ordnance Road £ 210,0000.15 KM
266 Ordnance Road £ 66,0000.15 KM
351 Ordnance Road £ 300,0000.15 KM
272 Ordnance Road £ 225,0000.15 KM