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1 bedroom flat for sale
Gater Drive, London, EN2
£280,000
Gater Drive, London, EN2
£280,000
Our Summary
- 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
Description
This is a well-maintained one-bedroom flat in the desirable Whitackers Lodge development in Enfield, London. The property offers a bright interior, an en-suite double bedroom, and secure parking, making it an attractive investment opportunity. Currently tenanted and generating £1,250 per month, it provides a turnkey investment with no void period risk and strong capital appreciation prospects. The property has a long lease (approximately 180 years remaining) and a low service charge and ground rent. With rental comparables in the local area suggesting a potential rental income of £1,350 per month, this property offers a secure and income-producing asset with strong long-term upside.