# 3 bedroom flat for sale (N2 8BB) ## Property Details | Key | Value | |-----|-------| | Address | FIRST FLOOR FLAT, 52 MARKET PLACE, LONDON, GREATER LONDON N2 8BB | | Price | £535,000 | | Bedrooms | 3 | | Bathrooms | 1 | | Last sold | £499,950 Oct 2019 | ## Description A well presented split-level three bedroom first floor maisonette with its own entrance and private garden, located five minutes walk from East Finchley Tube (Northern Line). Situated on a quiet residential turning, just moments from East Village (Incl Shops, cafés and restaurants). This spacious property comprises of a lovely bright & airy reception with large bay window and high ceilings. There is a separate fully fitted kitchen, two double bedrooms plus a single bedroom which can be used as a study. Located moments from the local amenities (Incl shops, cafés, restaurants) of East Finchley High Road. The vast amenities of both Muswell Hill Broadway and Highgate Village are also within close reach, and easy there is access to the A406 and M40. 104 Year Lease Approx / Chain Free / 810 Sq Ft Approx / Service Charge & Ground Rent: £1,000 Per Annum Approx. Sole Agent. Would Suit First Time Buyers or Rental Investor. Viewings Saturdays Only between 12pm-1.30pm. For more details, similar properties Or to arrange a viewing visit Or email: **Reception Room** - 13'4x13' - **Kitchen** - 9'2 x 9' - **Bedroom 1** - 13'x10'5 - **Bedroom 2** - 12'7x11'5 - **Bedroom 3 / Study** - 5'6x5'6 - **Bathroom** - 9'2 x 6' - **Rear Garden** - 59'x11'7 - ## Property Photos - ![Photo](/listings/photos/65841165/370681) - ![Photo](/listings/photos/65841165/370683) - ![Photo](/listings/photos/65841165/370684) - ![Photo](/listings/photos/65841165/370685) - ![Photo](/listings/photos/65841165/370686) - ![Photo](/listings/photos/65841165/370687) - ![Photo](/listings/photos/65841165/370688) - ![Photo](/listings/photos/65841165/370689) - ![Photo](/listings/photos/65841165/370690) - ![Photo](/listings/photos/65841165/370691) ## Floorplans - ![Floorplan 1](/listings/photos/65841165/370692) - Floorplan 1 ## EPC Graphs - ![EPC 1](/listings/photos/65841165/370694) - EPC 1 ## FENSA Certificates This property has 2 FENSA certificate(s) on record. ### FENSA Certificate #14483878 - **Address:** 52 Market Place, LONDON, N2 8BB - **Certificate Issued:** 07/03/2021 - **Work Completed:** 04/03/2021 - **Items:** 1 door(s) ### FENSA Certificate #4206364 - **Address:** 52 Market Place, LONDON, N2 8BB - **Certificate Issued:** 07/11/2006 - **Work Completed:** 06/10/2006 - **Items:** 9 window(s) ## Sales History *Recorded sales for this property. Data from Land Registry Price Paid.* | Address | Price | Date | Type | |---------|-------|------|------| | 52 FIRST FLOOR FLAT MARKET PLACE, LONDON, BARNET, GREATER LONDON, N2 8BB | £499,950 | 24/10/2019 | Flat | ## Sold Comparables *Same street and nearby sales within 0.25 miles. Data from Land Registry Price Paid. Last 5 years.* | Address | Price | Date | Type | |---------|-------|------|------| | 7A MARKET PLACE, LONDON, BARNET, GREATER LONDON, N2 8BD | £530,000 | 28/07/2022 | Flat | | [Same street] 54 MARKET PLACE, LONDON, BARNET, GREATER LONDON, N2 8BB | £535,000 | 05/01/2022 | Flat | | [Same street] 50 MARKET PLACE, LONDON, BARNET, GREATER LONDON, N2 8BB | £460,000 | 13/09/2021 | Flat | **Street average:** £497,500 (2 sales) **Area average:** £530,000 (1 sale) ## Price vs local average *Outcode + property type (HousePrices, last 2 years).* - **Local average:** £461,251 (40 Flat, N2, 2024–2026) - **Deviation:** +16% ## Rental Range *ONS Price Index of Private Rents (Barnet). Low / Realistic / Optimistic = conservative / average / best case.* - **Low:** £1,738/mo - **Realistic:** £1,931/mo - **Optimistic:** £2,124/mo ## LHA (Local Housing Allowance) *VOA 30th percentile rent floor for Peterborough (Apr 2025 – Mar 2026).* - **LHA floor (this property size):** £808/mo ## Rental Comparables *Residential lets from OpenRent and Rightmove for the area (same bedroom count). Use to validate rent estimates. Student lets are excluded.* | Title | Rent | Beds | Distance | As seen on | |------|------|------|------|------| | 3 Bed Flat, Monarch Court, N2 | £3,200/mo | 3 | 0.59 miles | OpenRent | **Average rent: £3,200/mo (1 listing)** ## 1% Rule - **Rent ratio:** 0.6% (weak for cashflow) - **Max investor price (0.8%):** £400,000 - **Target investor price (1%):** £320,000 *Monthly rent ÷ price. 1%+ = strong, 0.8–1% = okay, <0.8% = weak. Max investor price = rent ÷ 0.8% (Stoke-style target). Target investor price = rent ÷ 1% (strong cashflow band). Based on OpenRent comparables.* ## Rent-driven metrics *Based on OpenRent comparables (median £3,200/mo).* - **Gross yield:** 7.2% - **Cost-to-rent:** 13.9× - **Monthly cashflow:** £748/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term) - **Cash-on-cash ROI:** 5.8% *Gross yield = annual rent as % of price (no costs). Cost-to-rent = price ÷ annual rent (from OpenRent comparables); under 14× = strong, 14–16× = acceptable, 17×+ = compressed. Cashflow = rent − mortgage − 10% maintenance − £25/mo compliance; assumes 75% LTV, 3.95% APR (5yr fixed), 25yr term. ROI = annual profit ÷ cash in (deposit + 4% purchase costs).* ## Capital growth trend *Land Registry outcode average from sold prices: last 12 months vs 5y and 10y ago.* - **5y growth:** 7.7% - **10y growth:** -11.3% ## House Price Index (HM Land Registry) *Official index for Barnet; Flats and maisonettes series; as of March 2026.* - **1y growth (index):** -6.5% - **5y growth (index):** -4.5% - **10y growth (index):** -0.2% ## Flood risk - **Zone:** 1 - **Risk:** Low - **Source:** Job (default Low) [Check long-term flood risk (GOV.UK)](https://check-long-term-flood-risk.service.gov.uk/postcode)