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£239,995
Bedrooms
Bathrooms
Newly Reduced - Excellent Buy-to-Let Opportunity in Edmonton
This well-presented two-bedroom, second-floor flat in the highly sought-after Edmonton area represents a prime opportunity for buy-to-let investors. The property is offered with tenants in situ, providing immediate rental income, or can be sold vacant, offering a smooth transition for a new owner.
Key Features:
Tenants in Situ: Currently let to reliable, long-term tenants, delivering instant rental returns and minimizing void periods-perfect for a turnkey investment.
Well-Maintained: The flat has been kept in excellent condition, ensuring a comfortable living environment and reducing potential maintenance concerns.
Allocated Parking: Comes with a dedicated parking space, enhancing convenience and tenant appeal.
Location Highlights:
Excellent Transport Links: Just a 10-minute bus ride to Edmonton Green Station, offering direct connections to London Liverpool Street and Central London-ideal for commuters.
Close to Amenities: Within easy reach of local shops, schools, and parks. The area is popular among renters due to its combination of essential amenities and green spaces.
Growing Investment Area: Edmonton, within the London Borough of Enfield, continues to show strong rental demand and steady price growth, highlighting long-term investment potential.
Investment Potential:
Immediate Rental Income: With tenants already in place, investors can enjoy hassle-free, consistent returns from day one.
Strong Capital Growth Prospects: Enfield has demonstrated reliable price appreciation, making this property an attractive choice for both yield and long-term value growth.
This second-floor flat offers a low-maintenance, income-generating asset in a well-connected and desirable location. Ideal for investors seeking to expand their portfolio or secure a reliable rental property, this home delivers both strong returns and future growth potential.
Council Tax Band: C
Tenure: Leasehold (87 years)
Ground Rent: 10 per year
Service Charge: 1,870 per year
Map location is not available for this property.
Your property may be repossessed if you do not keep up repayments on your mortgage.
Monthly Payment: £ 8,216.87
Monthly Payment: £ 8,216.87
Monthly Payment: £ 8,216.87
Amortization For Monthly Payment: £8,216.87 over 30 years ( Based on 3.20% Interest )
Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.
Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.
Your home may be repossessed if you do not keep up repayments on your mortgage.
The refurbishment budget is set to 2.50% of the purchase price, but this will vary dependent on the suitability of the property for the rental market. Select a value that you feel is appropriate to the condition of the property.
This will vary between lenders, type of report and whether or not you are buying with a mortgage, for advice on which type of survey would be appropriate speak with an advisor from Preston Baker Financial Services.
Lenders will often charge a fees for the arrangement of a mortgage, for advice on what lenders may charge, speak with an advisor from Preston Baker Financial Services. Your home may be repossessed if you do not keep up repayments on your mortgage.
This is the sum of mortgage admin, land registry, search, bank transfer and any other fees incurred.
Purchase costs include assumed mortgage and survey costs which are estimated. For a quote contact a Preston Baker Financial Services mortgage advisor who can provide you with current and accurate information. The stamp duty calculation has applid the 3% stamp duty surcharge on the basis that this will be a second property.
The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.
This is the percentage of the rent that you will spend maintaining the property.
Ground Rent only applies to leasehold properties. This is an assumed ground rent, the confirmed figure can be found in the Property Information Questionnaire.
Service charge only applies to leasehold properties. The correct figure can found in the Property Information Questionnaire answered by the seller.
This is a standard, indicative figure only. Properties that have a service charge often have this included withing that charge. Please consult the Property Information Questionnaire for more information.
Final Equity Profit = Final Property Value - Mortgage Required - Investment
Cumulative Rental Profit = Annual rental profit x Time of Investment
This is the assumed rate of house price inflation.
This is the property value at the end of the investment based on an assumed rate of % house price inflation.
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