£280,000 /Sale price

Property Overview A well-maintained 1-bedroom flat in the desirable Whitackers Lodge development, Enfield. Offering a bright interior, an en-suite double bedroom, and secure parking, this property combines modern living with strong investment credentials. Currently tenanted and generating £1,250 pcm, it offers a turnkey investment with no void period risk, as well as strong capital appreciation prospects in an increasingly sought-after London borough. Key Features * Property Type: Flat * Bedrooms: 1 Double Bedroom with En-Suite * Bathrooms: 1 En-Suite Bathroom + Separate WC * Parking: 1 Allocated Parking Space * Leasehold: Approx. 180 Years Remaining (recently renewed) * Ground Rent: £100-£200 per year * Service Charge: ~£1,500 per year * Condition: Good throughout * Compliance: Valid EWS1 Certificate - no cladding issues Investment Snapshot * Current Rent: £1,250 pcm (£15,000 pa) * Tenancy: Started 15/11/2023 - reliable tenants, no arrears * Gross Yield at Asking Price: 5.3% Rental Comparables in EN2 * 1-bed flats in the local area typically let for £1,300 - £1,450 pcm (Source: Rightmove, Zoopla). * With modest rental adjustments, this property could realistically achieve: £1,350 pcm (£16,200 pa). Why This Property Stands Out * Secure long lease (180 years) - no lease extension worries * Immediate rental income with stable tenant in place * Rental uplift potential to £16,200 pa * Low service charges and ground rent * Capital growth prospects in a regenerating London borough Investment Potential At a purchase price of £280,000: * Current Yield: 5.3% * Projected Yield (Rental Uplift): ~5.8-6% * 5-Year Projection (Assuming 5% annual rental growth): o Current £15,000 pa ? £19,100 pa rental income o Potential 27% increase in returns over 5 years This makes 35 Whitackers Lodge a secure, income-producing asset with strong long-term upside.