1 Bedroom Flat

Please Quote Property Reference: OC864

Offered to the market with no onward chain and a long lease, this well-appointed ground-floor apartment presents an excellent opportunity for both first-time buyers and investors alike.

Providing 39 sqm (420 sqft) of internal living accommodation, this one-bedroom home offers comfortable and practical living space, ideally suited to a single occupier or couple. Importantly, this is not a studio apartment, but a properly arranged one-bedroom property with clearly defined living accommodation.

Whilst the property would benefit from some minor modernisation, it is clean, well-maintained and has been cared for by the current owners for the past eight years. It is entirely ready for immediate occupation or letting, providing landlords with the opportunity to generate income from day one. Residents of Watkin Mews also benefit from well-maintained communal areas, with the corridors having recently been redecorated, together with ample communal parking.

From an investment perspective, comparable properties in the area are achieving rental values in the region of £1,350 per calendar month, representing a net yield of circa 7.5%, making this an attractive buy-to-let opportunity.

Location:

Watkin Mews is situated within the popular Enfield Island Village development, a peaceful residential setting on the eastern edge of Enfield, close to the River Lea and surrounded by attractive green open spaces.

For commuters, Enfield Lock Train Station is a short walk away (0.5 mile), providing rail services towards London Liverpool Street, whilst Waltham Cross and Brimsdown Train Stations offer further options. There are local bus services close by, including routes 121 and 491, providing connections towards Enfield, Waltham Cross and North Middlesex Hospital. The property is also well positioned for access to the M25 and Great Cambridge Road (A406), making it convenient for those travelling by road.

The surrounding area offers plenty for those who enjoy the outdoors, with the River Lea, Lee Valley and nearby Rammey Marsh providing excellent opportunities for walking and cycling. The waterside setting and abundance of nearby green space also provide a welcome sense of openness and tranquillity, whilst still being within easy reach of the wider amenities and transport network.

Property Ownership Information:

Tenure: Leasehold

Ground Rent Charges: £200 p/a

Service Charges: £165.72 pcm (Includes Building Insurance, Water Usage, Window Cleaning, Gardening, Cleaning, Fire Safety Compliance, Bulk Refuse Clearance and General Repairs)

Reserve Fund: £39.83 pcm

Net Yield of Circa: 7.5%

Lease Expiry Date: 2/7/2146

Remaining Years Left on Lease: 119 Years

EPC Rating: C

Summary:

With its long lease, attractive rental potential, well-maintained communal areas, ample parking and excellent transport connections, whilst being surrounded by an abundance of green open spaces, Watkin Mews presents a compelling opportunity for investors seeking a yield-driven purchase with long-term capital growth potential in a well-connected North London suburb.

Whether you are seeking your next investment opportunity or looking to make your first purchase, contact me today to arrange your personal viewing slot. Lines are open!

Please note:

• All measurements are approximate and are provided for guidance only.
• Anti-Money Laundering (AML) Regulations: Should a purchaser(s) have an offer accepted on a property marketed, they will need to undertake an identification check and asked to provide information on the source and proof of funds. This is done to meet my obligation under Anti Money Laundering Regulations (AML) and is a legal requirement. I use a specialist third party service together with an in-house compliance team to verify your information. The cost of these checks is £30.00 inclusive of VAT per purchaser, which is paid in advance, when an offer is agreed and prior to a sales memorandum being issued. This charge is non-refundable under any circumstances.