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Downfield Road, Cheshunt

London

£229,995
Listed on 02/05/2026

Property Details

Bedrooms
2
Type
Flat
Area
679 sqft

Description

This two-bedroom ground floor flat, located conveniently near Cheshunt Station, presents a prime opportunity for renovation enthusiasts or investors. With an 89-year lease, the property features a spacious lounge that leads out to a balcony, allowing natural light to fill the space. The flat also includes a family bathroom and a separately appointed kitchen of good size. With gas radiator heating already installed, the foundational elements are in place, but modern updates and personal touches are needed to bring this property up to contemporary standards.

Investment Analysis

(EN8 area)

Below Market Value

This property is priced -26.7% below area average per sq ft

-26.7%
Potential saving
This Property
£339/sq ft
Area Average
£462/sq ft
Avg Rent (weekly)
£367
Avg Yield
4.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£345,030
10% above area average per sq ft
Potential ROI
+35.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
23
Average per month
Market Turnover
10%
Properties sold annually

Local Market Trend (EN8)

Area prices are stable by +1.6% over the last 12 months
3 year growth: +0.8%
5 year growth: +11.0%
Investment Disclaimer: Analysis based on EN8 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

Downfield Road, Cheshunt
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£821
Based on a loan of £172,496 over 30 years at 3.97% 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.

Stamp Duty Calculator

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