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Belmont Close, Cockfosters

London

£350,000
Listed on 07/11/2025

Property Details

Bedrooms
2
Type
Flat
Area
602 sqft

Description

This ground-floor two-bedroom flat in Belmont Close, Cockfosters, offers a significant renovation opportunity for buyers looking to invest in a property with great potential. The unit features a spacious layout with a reception room extending over 20 feet, creating an inviting area that can be transformed into a modern living space. The adjoining kitchen lends itself well to a redesign, allowing for the possibility of an open-plan configuration, pending necessary approvals. Both bedrooms are thoughtfully situated at the rear of the flat, promoting peace and privacy. A centrally located bathroom offers practicality for daily living, and additional storage in the hallway enhances functionality. While the property requires complete refurbishment, its generous proportions provide an excellent canvas for crafting a stylish and personalized home. Situated in Cockfosters, Belmont Close benefits from proximity to various local amenities along Cockfosters Road, including shops, cafés, and restaurants. The nearby Cockfosters Underground Station (Piccadilly Line) ensures straightforward access to Central London, making it particularly appealing for commuters. Outdoor enthusiasts will appreciate Trent Park's scenic landscapes and recreational opportunities just moments away. Additionally, the area boasts good road connections via the M25, facilitating travel throughout Greater London. Families will find this location attractive due to its access to reputable schools and a friendly community atmosphere. This property not only represents a chance to create a dream home but also serves as an investment in a sought-after neighborhood with long-term growth potential. Leasehold - 982 years approx Service charge - £2,400 pa approx Ground rent - £150 pa approx Council tax - Band D EPC - C

Investment Analysis

(EN4 area)

Below Market Value

This property is priced -8.4% below area average per sq ft

-8.4%
Potential saving
This Property
£581/sq ft
Area Average
£635/sq ft
Avg Rent (weekly)
£590
Avg Yield
3.5%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£60,000 - £90,000
Target Value
£420,331
10% above area average per sq ft
Potential ROI
-4.5%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
13
Average per month
Market Turnover
4%
Properties sold annually

Local Market Trend (EN4)

Area prices are falling by +8.3% over the last 12 months
3 year growth: -5.7%
5 year growth: -2.6%
Investment Disclaimer: Analysis based on EN4 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Belmont Close, Cockfosters
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£1,282
Based on a loan of £262,500 over 30 years at 4.19% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE