A potentially sound investment opportunity in a very desirable area in Enfield - Chase Green Avenue. With decent yield and good capital growth this two bedroom flat could be worth a closer look.
Chase Green Avenue is one of my favourite roads in EN2 and it’s much sought after by both owner occupiers and tenants. This little gem of a flat is currently available with Lanes for OIRO £215,000.
The flat is full of character being on the second floor and benefitting from the interesting shapes you get in converted lofts and older buildings.
In terms of décor this place does need of a little TLC and the EPC rating is a low E, so some investment should be made to improve its energy efficiency. However, at £215,000 and with a few thousand pounds spent on renovation, I think this could be a great little investment.
In really good condition this flat could achieve £1,200pcm rent giving a potential gross yield of 6.5%. And in this area the flat would not be empty for long as it would be very popular with professionals for its transport links to the city, and also with small families being in a good catchment area and close to green spaces.
Additionally the recent capital growth is equally positive with property in this area increasing in value by around 22.55% in 5 years.
I think this flat could be worth a closer look!
At Belvoir Enfield we are lettings specialists and we don’t sell property. This enables us to provide impartial advice on what makes a good property investment in Enfield and surrounding areas. We don’t charge for this service but we would be happy to manage your buy to let property or help you find great tenants.