Crouch End, N London, N8 7PB | Investment Property for Sale | VES-N8-002

Opportunity to purchase 1 apartment in Crouch End generating £15,600 rent pa and a gross yield of 6.2%

£250,000

Apartment

VES-N8-002

INITIAL INVESTMENT

£113,400

GROSS RENT / YIELD

£15,600 / 6.2%

NET RENT / YIELD

£11,438 / 4.6%

ADD TO FAVOURITES

Above average yield

Through our expertise and research, we have found that this property is above the average of this location based on data from REalyse, PropertyData and Zoopla

The higher the yield the stronger the return on investment.

The property

TENANCY

Tenanted

TENURE

Leasehold

GROUND RENT

£250

1 bedroom

1 bathroom

1 reception room

489

Unfurnished

Property information

  • This apartment is also part of a block listing and the vendor is happy to sell it individually too
  • It was completely refurbished less than 3 years ago to new build status
  • Tenants have a 2 months notice allowing the choice for vacant completion
  • Current cost for insurance is approximately £300 per annum (£600 for both apartments in the property)
  • EPC rating B

Leasehold information

  • Service charge: NIL
  • Term of lease: 99 years
  • Year lease started: 2016

Please note that Vesta has not visited this property and that all material has been provided by the vendor.

We are currently awaiting the AST from the landlord and will update the listing when received.

Floorplans

Documents available on request, please contact for viewings or further questions.

The information relating to the property is supplied by the vendor and the latest available at the date of listing.

Certain information may expire or become inaccurate over time and should be verified by the purchaser’s solicitor.

Financials

Rental Income

GROSS RENT PER ANNUM

£15,600

Equivalent of £1,300 per calendar month (PCM).

GROSS RENTAL YIELD

6.2%

Gross rent per annum divided by the purchase price.

NET RENT PER ANNUM

£11,438

Gross rent per annum minus fully managed operating costs.

NET RENTAL YIELD

4.6%

Gross rent per annum minus fully managed operating costs divided by the purchase price.

FULLY MANAGED OPERATING COSTS

£4,162

The total estimated sum of expenses calculated annually assuming a fully managed service.

Click to understand assumptions.

Disclaimer

This information is for illustration purposes only and does not constitute advice. It is correct at the time of writing. For advice specific to your personal circumstances, please speak to a financial adviser.

About Crouch End, North London

Crouch End is an area in North London and lies approximately 5 miles from the City of London in the borough of Haringey.

Whilst the area doesn’t have its own tube station there are 4 stations nearby, which can be reached via short bus rides, servicing the Victoria, Piccadilly and Northern Lines. There are also 5 railway stations Hornsey, Harringay, Crouch Hill, Finsbury Park and Harringay Green Lanes railway station, as well as a number of bus services.

Crouch End is also known for its local arts scene and is home to the Kings Head, one of the UK’s top comedy venues, as well as the independent Art House cinema and the Crouch End Picturehouse. The Church Studios most notably attracted Dave Stewart and Annie Lennox of the Eurythmics and Bob Dylan in the 1990s. According to the local council a higher than average proportion of the population here works in the creative industries.

Whilst the red-brick Clock Tower on Crouch End Broadway has become a much-loved icon of Crouch End another famous landmark is only 1.5 miles away, Alexandra Palace. The lovingly named Ally Pally and the surrounding Alexandra Park offer a great variety of activities and events for the whole family all year round.

High Street,

London,

Greater London,

England,

N8 7PB

What makes us different?

Vesta’s sole purpose is to make buying and selling rental property easy for both landlords and tenants.

Benefits include:

  • Buy tenanted property
  • Huge choice for all budgets
  • View property performance data
Learn more >

Questions?

Our sales team is standing by to help.

Important Note

The information contained in this website is for general information purposes only. The information is provided by Vesta Global Limited and while we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, properties, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.

In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this website.

Copyright © 2019 Vesta Global Limited. All rights reserved.