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Belmont Close, Cockfosters, Barnet EN4 - Image 1
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Belmont Close, Cockfosters, Barnet EN4

London

£350,000
Listed on 16/03/2026

Property Details

Bedrooms
2
Type
Flat
Area
701 sqft

Description

This two-bedroom ground-floor flat in Belmont Close, Cockfosters, is an intriguing proposition for cash buyers looking for a substantial renovation project. The property boasts a generous layout, highlighted by a spacious reception room exceeding 20 feet, which offers significant potential for reconfiguration or modernisation. The separate kitchen is ideally situated beside the living space, allowing for the possibility of transforming it into an open-plan area with the right permissions. Both bedrooms are positioned at the rear, enhancing privacy and tranquillity, while the centrally located bathroom offers convenience. Despite requiring comprehensive refurbishment, the flat's adaptable design serves as a solid base for crafting a contemporary dwelling tailored to your tastes. Additionally, residents benefit from access to communal gardens, further enhancing this investment opportunity. The location in Cockfosters ensures you’re close to excellent transport options and local amenities, making it appealing not just as a home but as a valuable investment in an increasingly sought-after area.

Investment Analysis

(EN4 area)

Below Market Value

This property is priced -21.3% below area average per sq ft

-21.3%
Potential saving
This Property
£499/sq ft
Area Average
£634/sq ft
Avg Rent (weekly)
£603
Avg Yield
3.8%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£60,000 - £90,000
Target Value
£488,955
10% above area average per sq ft
Potential ROI
+11.1%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
17
Average per month
Market Turnover
11%
Properties sold annually

Local Market Trend (EN4)

Area prices are falling by -5.8% over the last 12 months
3 year growth: -2.1%
5 year growth: -1.7%
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, Barnet EN4
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£1,262
Based on a loan of £262,500 over 30 years at 4.06% 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.

Price History

-10.0% since listed
£350,000£25,000(-6.7%)
28/05/2025
Current price
£375,000£14,000(-3.6%)
28/02/2025
£389,000Initial listing
21/01/2025

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