Flat 29, Faraday House 1
Flat 29, Faraday House 1
Description & Estimates
Public records show Flat 29, Faraday House 1, Enfield to be a modern leasehold apartment with 473 ft2 of internal area.
In this area, apartments of this size normally have 1 bedroom with a balcony.
Flat 29, Faraday House 1, Enfield has an estimated sale value of £234,451 and an estimated rental value of £1,362 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 29, Faraday House 1, Enfield has a single entry in the Land Registry from March 2008 and a single entry in the EPC database dated November 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 29, Faraday House 1, Enfield would be worth £246,174, with a potential rental value of £1,430 per month.
If substantial cosmetic improvements are needed, the estimated sale value falls to £218,040, with a rental value of £1,267 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 29, Faraday House 1, Enfield has decreased by £4,515 (1.9%) over the last year. During the same period, its estimated monthly rental value has grown by £28 (2.1%). The property's estimated gross yield is currently 7.0%.
Energy Efficiency
Flat 29, Faraday House 1, Enfield has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 08 Nov 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 29, Faraday House 1, Enfield last changed hands on 11th March 2008, selling for £172,500. The transaction was logged as a leasehold flat by HM Land Registry.
That is its only recorded sale since 1995.
The market for similar properties has risen by 43.9% since March 2008.
- Sold Mar 2008£172,500
Similar Properties Sold Nearby
Land Registry records and our Estate Agent network show 3 sales of comparable properties within 500 metres of Flat 29, Faraday House 1, Enfield across the last 2 years.
Most recently, Flat 28, Faraday House 1, Velocity Way, Enfield, EN3 7FE, a leasehold flat, sold at £230,000 on the 1st April 2025.
Read more about house prices in EN3.
- Sold Apr 2025£230,000 | 1 Bed FlatFaraday House 1, Velocity WayFlat 28, Faraday House 1, Velocity Way, Enfield, EN3 7FE
- 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
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
More reading links
Location Comparison
Our analysis of the public data ranks Flat 29, Faraday House 1, Enfield as the 144th largest and the 106th most expensive of the 185 addresses on Velocity Way, Enfield, EN3.
Against the EN3 postcode district average, it is £123k less expensive than the typical property.
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
Enfield Lock station is the nearest stop to Flat 29, 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.
