Lancaster Road, Enfield, Greater London
Property Description
- Freehold Investment Opportunity
- 5 x Flats all let
- 4 x Private parking spaces
- Total monthly rental income of £4,600
- Equals to an annual income of £55,200
- Let by Enfield Council on long-term tenancies
- Excellent location due to immediate amenities and transport links
- Check out the Virtual Tour of two of the flats
Woodhouse are pleased to offer this investment opportunity with an immediate cashflow upon completion. These are long-term tenancies as they are all let by the London Borough of Enfield.
The block comprises of the following:
1st Flat - 2 Bedrooms @ £1100 pcm
2nd Flat - 1 Bedroom @ £850 pcm
3rd Flat - 1 Bedroom @ £850 pcm
4th Flat - 1 Bedroom @ £900 pcm
5th Flat - 1 Bedroom @ £900 pcm
Total rental income per month is £4,600 pcm, or £55,200 pcm.
The building also benefits from allocated parking(4 in total).
The location of the property is excellent, positioned on Lancaster Road and just a stones throw from Chase Side. There are a huge range of amenities nearby, including Sainsbury's local, Co-Op and several independent shops / eateries. Gordon Hill Station is a short walk away offering a direct route in London Moorgate via Finsbury Park (Victoria Line & Piccadilly Line). The 191 and W8 routes serve Enfield Town and Chase Farm Hospital respectively.
Photos showcase one of the flats just before its tenancy started, and we have two virtual tours for you to take a look at. For any further questions you may have about this excellent investment please get in touch!