Enfield, EN1 1BJ | Investment Property for Sale | VES-EN1-001

Opportunity to purchase a 3-unit block in Enfield with the potential to generate £40,740 gross rent pa

£825,000

3-unit block

VES-EN1-001

INITIAL INVESTMENT

£235,500

Based on

deposit: £206,250

stamp duty: £24,750

mortgage fees: £1,500

conveyancing fees: £3,000

GROSS RENT

£40,740

GROSS YIELD

4.9%

ADD TO FAVOURITES

The block

TENURE

Freehold

NO OF UNITS

3

TENANCY STATUS

Tenanted

FURNISHED

Yes

TOTAL SQ FT

2,136

PRICE SQ FT

£386

Block information

  • 3-unit freehold block consisting of:
    • 1 x 3-bed apartment
    • 1 x 1-bed apartment
    • 1 x retail unit
  • EPC ratings C & D

Retail unit

  • Located on the ground floor
  • A busy hair salon
  • Tenants have been in situ for over 30 years
  • The facade has recently been replaced and some minor decorating works are to be completed externally
  • The rent has not been increased in the last 4 years and the vendor believes it could achieve £850 pcm

1-bed apartment

  • Located on the ground floor
  • Recently completed refurbishment works
  • Comes with a good size garden and patio area
  • It also has a separate utility room and a study to the rear
  • Currently being advertised for rent
  • Monthly rental income £1,250
  • Tenancy agreement term 15/09/2020 - 14/09/2021

3-bed apartment

  • Split over the first and second floor
  • Open plan kitchen/reception room with plenty of eaves storage
  • Also comes with a study room
  • Vendor is undertaking light refurbishment works before it will be advertised for rent
  • Expected monthly rental income £1,650

Rental information

Please note that the rental amounts for the apartments are expected only and may be subject to change.

  • Retail unit - £495 pcm
  • 1-bed apartment - £1,250 pcm
  • 3-bed apartment - £1,650 pcm
  • Total expected rental income pcm: £3,395
  • Total expected rental income pa: £40,740

Floorplans

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

The information relating to this property is supplied by the vendor and was the latest available information at the time of listing. Certain information may expire or become inaccurate over time.

Vesta makes no warranty as to the accuracy or completeness of the property listing or any associated information. All information should be reviewed by the purchaser and their solicitor.

About Enfield, N London

The London Borough of Enfield is a borough in the north of London. It borders the London boroughs of Haringey (to the south), Waltham Forest (to the southeast), Barnet (to the west) and Hertfordshire (to the north).

Enfield is served by the Piccadilly Line and has stations in Arnos Grove, Southgate, Oakwood and Cockfosters. The Piccadilly line runs from Cockfosters in north London to Acton Town in the west, where it splits into two branches; one of which heads on to Heathrow and the other Uxbridge in northwest London. Tubes on this service operate around every 2-6 minutes.

As this property is in the capital all of one’s retail and dining requirements are only a short trip away via train which shall drop you in the centre of town.

As this home is based in the capital there are thousands of job opportunities in the local area and throughout the centre of the city, where there are numerous travel options to get you there.

This location could be perfect for a young family that is seeking education options in the local area for their children. The borough is home to the renowned Enfield Grammar School, which is a secondary school for boys that includes a sixth form. For those looking for mixed-co-educational there is the Oasis Academy and the Bishop Stopford school which both educate from 11-18.

Saint Mark's Road,

Enfield,

Greater London,

England,

EN1 1BJ

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Important Note

All information contained in this website is provided as a guideline only, is based on estimates and assumptions, may not be accurate or complete, and is subject to change. We make no representations or warranties with regards to this information, expressed or otherwise. A buyer who relies on such information does so at their own risk. Buyers are advised to seek independent financial advice and should undertake their own due diligence.

Your capital is at risk. Property values may decline and the property might not be able to be rented at amounts sufficient to cover debt interest costs, operating expenses and liabilities, and might not result in a positive cash flow. Property is an illiquid asset and should not be viewed as a short-term investment.

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