Flat 27, Faraday House 1
Flat 27, Faraday House 1
Description & Estimates
According to the public record, Flat 27, Faraday House 1, Enfield is a leasehold apartment.
By comparing it to neighbours, we estimate that it is a modern apartment with 498 ft2 of internal area and a balcony.
Apartments of this size in this area normally have 2 bedrooms.
Based on available information, and assuming reasonable condition, the estimated sale value for Flat 27, Faraday House 1, Enfield is £246,272 and the estimated rental value is £1,469 per month.
The apartment is within Faraday House, Velocity Way, Enfield, EN3.
Velocity Way, Enfield, EN3 is located in the borough of Enfield within the EN3 postal district.
Our Data Sources
Flat 27, Faraday House 1, Enfield has a single entry in the Land Registry from March 2008 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
The local information is scored as 5 out of 5 and is considered of high accuracy.
Price Range & Condition
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If Flat 27, Faraday House 1, Enfield is in very good condition we estimate a sale value of £258,586 and a rental value of £1,542 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £229,033 and a rental value of £1,366 per month.
Recent Market Change
Over the past 12 months, the estimated sale value of Flat 27, Faraday House 1, Enfield has fallen by £4,560 (1.9%), while its estimated rental value has moved up by £29 per month (2.0%). Based on current estimates, the property offers a gross rental yield of 7.2%.
Sold Prices
According to HM Land Registry, Flat 27, Faraday House 1, Enfield was last sold on 11th March 2008 for £138,619 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since March 2008, the market for similar properties has risen by 50.2%.
- Sold Mar 2008£138,619
Similar Properties Sold Nearby
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 27, Faraday House 1, Enfield within a radius of 500 metres over the last 2 years.
The most recent example is Flat 4, Franklin House 3, Velocity Way, Enfield, EN3 7FG, a leasehold flat which sold for £205,000 on the 2nd December 2024.
Read more about house prices in EN3.
- Sold Dec 2024£205,000 | 1 Bed FlatFranklin House 3, Velocity WayFlat 4, Franklin House 3, Velocity Way, Enfield, EN3 7FG
- Sold Oct 2022£235,000 | 1 Bed FlatFaraday House 1, Velocity WayFlat 24, Faraday House 1, Velocity Way, Enfield, EN3 7FE
- Sold Jul 2022£226,000 | 1 Bed FlatFaraday House 1, Velocity WayFlat 20, Faraday House 1, Velocity Way, Enfield, EN3 7FE
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
More reading links
Location Comparison
Velocity Way, Enfield, EN3 has a total of 185 addresses. According to our analysis of all the public data, Flat 27, Faraday House 1, Enfield is the 95th largest and the 56th most expensive property on the street.
When compared to the postcode district it is £111k less expensive than the average property in EN3.
More reading links
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
The closest station to Flat 27, Faraday House 1, Enfield is Enfield Lock station, which is 500 metres away.
- 500mEnfield Lock
- 1.5kmWaltham Cross
- 1.8kmTurkey Street
Available Internet Speeds
According to recent data from Ofcom, superfast broadband is available in this area.
According to recent data from Ofcom, Superfast broadband is available in the area.
Risk of Flooding
According to data from the Environment Agency, the flood risk in this area is considered to be medium.
