Winchmore Hill, N21 1BS | Investment Property for Sale | VES-N21-002

Apartment in Enfield, North London projected to generate £14,400 in rent per annum & a gross yield of 4.6%

£310,000

Apartment

VES-N21-002

INITIAL INVESTMENT

£142,560

GROSS RENT / YIELD

£14,400 / 4.6%

NET RENT / YIELD

£11,153 / 3.6%

The property

TENANCY

Vacant

TENURE

Leasehold

1 bedroom

1 bathroom

1 reception room

488

Fully Furnished

Leasehold Details

  • Length of lease: 112 years from March 1998
  • Service Charge: TBC
  • Ground Rent: TBC

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

£14,400

Equivalent of £1,200 per calendar month (PCM).

GROSS RENTAL YIELD

4.6%

Gross rent per annum divided by the purchase price.

NET RENT PER ANNUM

£11,153

Gross rent per annum minus fully managed operating costs.

NET RENTAL YIELD

3.6%

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

FULLY MANAGED OPERATING COSTS

£3,247

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 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.

Wilson Street,

London,

Greater London,

England,

N21 1BS

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.