Southgate, London, N14 6AE | Investment Property for Sale | VES-N14-001

Opportunity to purchase a terraced house in Southgate generating £16,740 in rent per annum

£550,000

Terraced House

VES-N14-001

INITIAL INVESTMENT

£174,000

Based on

deposit: £137,500

stamp duty: £34,000

mortgage fees: £1,500

conveyancing fees: £1,000

GROSS RENT

£16,740

GROSS YIELD

3.0%

ADD TO FAVOURITES

The property

TENANCY

Tenanted

TENURE

Freehold

2 bedrooms

1 bathroom

1 reception room

772

Unfurnished

Property information

  • This property is the only out of 11 properties that make up Mount Pleasant Cottages which comes with a garden
  • It also has a front garden and space for off-road parking
  • One of the largest cottages on this quiet cul-de-sac, which rarely come up for sale
  • Spread over 2 floors
  • Open plan kitchen/diner
  • The garden can be accessed via the kitchen/diner
  • EPC rating C
  • A new Worcester Bosch boiler was installed in November 2019 with a smart Nest thermostat
  • The decking in the garden was newly installed in November 2019 too
  • One of the bedrooms was also redecorated in November 2019

Location information

  • The property is a 5-minute walk to Southgate tube station (Piccadilly Line) with a large M&S store on the way
  • Southgate Leisure Centre is opposite the property and Ivy Road Recreation Ground is also a short walk away
  • The vendor states that due to the good location there are no problems finding tenants

Tenancy

RENT

£16,740 p.a. / £1,395 pcm

TENANCY DEPOSIT

£1,395

TENANCY TYPE

AST

TENANCY AGREEMENT STARTED

4 months ago

TENANCY AGREEMENT ENDS

11/6/2020

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.

Mount Pleasant Cottages, The Wells,

London,

Greater London,

England,

N14 6AE

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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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