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Potential investment opportunity - EN8

This tidy little two bedroom flat in Cheshunt ticks an awful lot of boxes: - Good condition and ...

This tidy little two bedroom flat in Cheshunt ticks an awful lot of boxes:

- Good condition and decorative order

- Two double bedrooms (one very large)

- Laminate flooring in generally good condition

- Double glazing

- Gas Central Heating 

- Separate single garage

- Long lease (135 years remaining)

- Low ground rent (£50 per annum)

- 10-15 minutes to Cheshunt Train Station

The flat is currently tenanted with a rental income of £948 per month, which I believe is paid by the Council on a 4 weekly basis so totals around £12,040per annum.

At an guide price of £130,000 that could lead to a gross yield of just under 9.3%, with the added benefit that being tenanted already it would start earning the buyer money from day one!!

However, as always the price will no doubt exceed the guide and I'd expect a sale price of around £180,000. This would still lead to a gross yield of 6.7%, which is very acceptable.

 

 At Belvoir Lettings Enfield  we don’t sell property, we simply use our experience to advise people as to what might make a good buy to let property investment in the Enfield, Haringey and Barnet areas, and how to successfully let their property.

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