St. Francis Lodge, 9 Church Road, London, Greater London, N17 8AQ
Asking Price: £345,000
EPC Rating: C
Tenure: Leasehold (currently 80 years remaining – in final stages of extension to 990 years)
Service Charge: £192 per month (£2,304 per annum)
Ground Rent: Nil
Current Rental Income: £1,900 per calendar month (£22,800 per annum)
Tenants in Situ Since: October 2024
Investment Overview
Flat 8 at St. Francis Lodge represents a strong, income-producing investment opportunity in a well-connected North London location. Currently achieving £1,900 per month in rental income, the property delivers an attractive gross yield of approximately 6.6% at the asking price of £345,000.
With tenants in situ since October 2024, investors benefit from immediate income continuity and a proven rental level in the current market.
The lease is currently at 80 years but is in the final stages of being extended to 990 years, significantly strengthening the long-term security and mortgageability of the asset. Importantly, there is no ground rent, and the service charge is a manageable £192 per month.
The Property
This well-presented apartment has been maintained and upgraded to a strong rental standard. Both the kitchen and bathroom were renovated in 2017, offering modern finishes that appeal to professional tenants and support sustained rental demand.
With an EPC rating of C, the property meets current energy efficiency expectations and is well-positioned against anticipated regulatory requirements, offering reassurance for buy-to-let investors.
Why Invest in N17?
Located in the London Borough of Haringey, N17 continues to attract strong investor interest due to:
Ongoing Regeneration
The wider Tottenham area has undergone significant transformation in recent years, driven by large-scale investment and infrastructure improvements. Regeneration continues to enhance both residential appeal and long-term capital growth prospects.
Strong Rental Demand
North London remains a consistently strong rental market, particularly among young professionals and families seeking relative value compared to more central postcodes. Well-presented apartments close to transport links command reliable demand and competitive rents.
Connectivity
Excellent transport connections into Central London support tenant demand and underpin rental stability, making the area particularly attractive for commuters.
Long-Term Growth Potential
With improving amenities, ongoing investment, and comparatively accessible entry pricing versus other London locations, N17 offers investors a balance of income return and future capital appreciation potential.
Summary
Flat 8, St. Francis Lodge offers:
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Immediate rental income of £22,800 per annum
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Approx. 6.6% gross yield
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Tenants in situ (since October 2024)
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990-year lease extension in progress
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No ground rent
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Service charges of £2,304 per annum
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Approx. 6.0% net yield
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Modernised kitchen and bathroom (2017)
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EPC C rating
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Strong North London rental market fundamentals
This is an ideal opportunity for investors seeking a turnkey, income-producing London asset with long-term security and growth potential.
LET PURE INVESTOR TAKE THE STRAIN AWAY …
We offer a comprehensive lettings and property management service, ensuring our landlords benefit from a single point of contact for their entire portfolio. From London to Lancaster, from Cardiff to Colchester, we provide a fully managed service for landlords looking to minimise costs and maximise efficiency.
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Fully managed lettings and property management service
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Comprehensive coverage throughout England and Wales
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One team, one fee across your full portfolio
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Rental income protection available
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Transfer your existing properties quickly and easily
If you would like to find out more about our lettings and property management service, or discover how much we could save you each month, please contact our team on Tel: 0161 337 3890.
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