Flat 22, Faraday House 1
Flat 22, Faraday House 1
Description & Estimates
Public records show Flat 22, Faraday House 1, Enfield to be a modern leasehold apartment with 678 ft2 of internal area.
In this area, apartments of this size normally have 2 bedrooms with a balcony.
Flat 22, Faraday House 1, Enfield has an estimated sale value of £291,085 and an estimated rental value of £1,701 per month, assuming reasonable condition and based on the information available.
The apartment sits within Faraday House, Velocity Way, Enfield, EN3.
Velocity Way, Enfield, EN3 lies in the borough of Enfield, within the EN3 postal district.
Our Data Sources
Flat 22, Faraday House 1, Enfield has 2 entries in the Land Registry , most recently in October 2015 and a single entry in the EPC database dated August 2022.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 5 out of 5 and is considered of high accuracy.
Price Range & Condition
In very good condition, we estimate Flat 22, Faraday House 1, Enfield would be worth £305,639, with a potential rental value of £1,787 per month.
If substantial cosmetic improvements are needed, the estimated sale value falls to £270,709, with a rental value of £1,582 per month.
The extent to which decoration affects a property's value depends on its type, size and location.
Recent Market Change
The estimated sale value of Flat 22, Faraday House 1, Enfield has declined by £5,389 (1.9%) over the last year. During the same period, its estimated monthly rental value has climbed by £34 (2.0%). The property's estimated gross yield is currently 7.0%.
Energy Efficiency
Flat 22, Faraday House 1, Enfield has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 23 Aug 2022.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
Sold Prices
Flat 22, Faraday House 1, Enfield last changed hands on 27th October 2015, selling for £225,000. The transaction was logged as a leasehold flat by HM Land Registry.
In total it has sold twice since 1995.
The market for similar properties has risen by 17.0% since October 2015.
- Sold Oct 2015£225,000
- Sold Mar 2008£197,610
Similar Properties Sold Nearby
Land Registry records and our Estate Agent network show 3 sales of comparable properties within 500 metres of Flat 22, Faraday House 1, Enfield across the last 2 years.
Most recently, Flat 8, Faraday House 1, Velocity Way, Enfield, EN3 7FE, a leasehold flat, sold at £275,000 on the 31st January 2025.
Read more about house prices in EN3.
- Sold Jan 2025£275,000 | 2 Bed FlatFaraday House 1, Velocity WayFlat 8, Faraday House 1, Velocity Way, Enfield, EN3 7FE
- Sold Dec 2024£290,000 | 2 Bed FlatFaraday House 1, Velocity WayFlat 14, Faraday House 1, Velocity Way, Enfield, EN3 7FE
- Sold Apr 2024£210,000 | 2 Bed FlatFranklin House 3, Velocity WayFlat 25, Franklin House 3, Velocity Way, Enfield, EN3 7FG
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Our analysis of the public data ranks Flat 22, Faraday House 1, Enfield as the 15th largest and the 22nd most expensive of the 185 addresses on Velocity Way, Enfield, EN3.
Against the EN3 postcode district average, it is £66k less expensive than the typical property.
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Schools Nearby
- 300mPrince of Wales Primary School
- 600mKeys Meadow Primary School
- 700mChesterfield Primary School
- 200mOasis Academy Enfield
- 1.7kmThe Lea Valley Academy
- 2.4kmSt Ignatius College
More reading links
Public Transport Nearby
Enfield Lock station is the nearest stop to Flat 22, Faraday House 1, Enfield at 500 metres away.
- 500mEnfield Lock
- 1.5kmWaltham Cross
- 1.8kmTurkey Street
Available Internet Speeds
Ofcom's latest figures show superfast broadband available in this area.
According to recent data from Ofcom, Superfast broadband is available in the area.
Risk of Flooding
Environment Agency data suggests this area has a medium risk of flooding.
