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 %
- Est sale value
- 175,052.43 £Increased by 9.74 %
- Average area rental value
- 1,920.00 £/moIncreased by 9.90 %
- Est letting value
- 839.58 £/moUnchanged by 0.00 %
- Est rental Yield
- 8.21 %Increased by 21.09 %
- Crime Rate
- 17.00 %Unchanged by 0.00 %
Agent Activity
eXp UK created the listing.
Nearby Schools
| Name | Type | Ofsted | Distance |
|---|---|---|---|
| Prince Of Wales Childrens Centre | Children's Centre | 0.21 KM | |
| Freshsteps Independent School | Other Independent School | Outstanding | 0.25 KM |
| Oasis Academy Enfield | Academy Sponsor Led | Good | 0.27 KM |
| Oasis Academy Enfield | Children's Centre Linked Site | 0.35 KM | |
| Prince Of Wales Primary School | Community School | Good | 0.36 KM |
Images
Nearby Streets
| Name | Average Price | Average Sqft | Distance |
|---|---|---|---|
| Electric Avenue | £ 0 | 0 | 0.00 KM |
| Salisbury Road | £ 344,975 | 0 | 0.00 KM |
| King Henry's Mews | £ 375,000 | 0 | 0.00 KM |
| Soper Mews | £ 0 | 0 | 0.00 KM |
| River Close | £ 360,000 | 0 | 0.00 KM |
Nearby Transport
| Name | NLC | TLC | Distance |
|---|---|---|---|
| Enfield Lock | 6815 | ENL | 0.78 KM |
| Waltham Cross | 6823 | WLC | 1.61 KM |
| Brimsdown | 6810 | BMD | 2.04 KM |
| Theobalds Grove | 6949 | TEO | 2.76 KM |
| Turkey Street | 6952 | TUR | 2.84 KM |
Nearby Listings
| Address | Price | Type | Score | Distance |
|---|---|---|---|---|
| Faraday House, Velocity Way, EN3 | £ 250,000 | BUY | 5 / 10 | 0.00 KM |
| Faraday House, Velocity Way, Enfield | £ 225,000 | BUY | 6 / 10 | 0.02 KM |
| Faraday House, 1 Velocity Way, Enfield, EN3 | £ 230,000 | BUY | 6 / 10 | 0.02 KM |
| Hubble House, Velocity Way, Enfield | £ 295,000 | BUY | 6 / 10 | 0.05 KM |
| Velocity Way, Franklin House, EN3 | £ 240,000 | BUY | 6 / 10 | 0.05 KM |
Nearby Properties
| Address | Price | Distance |
|---|---|---|
| 260 Ordnance Road | £ 200,000 | 0.15 KM |
| 367 Ordnance Road | £ 210,000 | 0.15 KM |
| 266 Ordnance Road | £ 66,000 | 0.15 KM |
| 351 Ordnance Road | £ 300,000 | 0.15 KM |
| 272 Ordnance Road | £ 225,000 | 0.15 KM |