Investment Details
- Asking price: £290,000
- Current rent (tenants on rolling contract, in situ 3 years; prior tenants 5 years): £1,450 pcm
- Projected rent (market aligned): £1,550 pcm
Rental return calculations
Metric |
Value |
Annual rent (current) |
£17,400 |
Annual rent (projected) |
£18,600 |
Gross yield (current) |
6.0% |
Gross yield (projected) |
6.5% |
Transport & Connectivity
- Harringay Green Lanes (Overground) – 5 min walk (0.3 mile / 0.5 km)
- Harringay (Great Northern) – 7 min walk (0.36 mile / 0.58 km)
- Hornsey station – 15 min walk, frequent Great Northern services
- Numerous bus routes (29, 141, 341, W5, W3, W7, 41), plus night buses
- Zone 3 location – fast access to King’s Cross, Moorgate, Finsbury Park
Why Invest in Harringay (London Borough of Haringey)?
Market appreciation:
- Avg price 2015 (Haringey): £420,000–£450,000 (derived from 2015 real estate trend data)
- Avg price 2025: £636,000–£638,000 Office for National Statistics
- 10-year growth: Appx. 40–50%
Price growth past 12 months:
- +7.3% increase to a £636k average
Rental growth:
- Average monthly rent in Haringey up to £2,175/month (+9.9% YoY)
- One‑bed flats now £1,602/month (+10.7% YoY)
Area Highlights: Why Harringay Excels
- Vibrant Green Lanes: a bustling high street with multicultural bakeries, cafés, bars, historic pubs (e.g., The Salisbury, The Beaconsfield), and the Arena Shopping Park with Sainsbury’s
- Creative hub: the Harringay Warehouse District draws festivals, bars, and live music venues
- Strong employment centre: Haringey supports 12,150 businesses with 66,000+ jobs
- Excellent commuting: Overground, National Rail, bus & Night bus connectivity; Zone 3 address; close to Hornsey & Finsbury Park
- Regeneration & rising status: Haringey is increasingly recognised as a London hotspot
Investor Advantages
- No ground rent/service charges help maximise net returns
- Long lease (~1,000 years) ensures future mortgageability and resale value
- Stable tenancy with low turnover and solid rental history
- Above-average gross yield (6.0–6.5%) surpasses London norms
- Strong capital growth and rental inflation (~10% p.a.) make for a potent dual-income investment
- Lifestyle appeal ensures high tenant demand and rental value retention
Property Information Summary
- Type: 1-bed leasehold flat
- Price: £290,000
- Tenure: 997‑year lease, no ground rent/service charges
- EPC rating: D
- Current rent: £1,450 pcm (tenants in situ 3 years)
- Projected rent: £1,550 pcm
Location Proximity
- 5 min walk to Overground at Harringay Green Lanes
- 7 min to Harringay station (Great Northern, ECML)
- 15 min to Hornsey station and bus interchanges
- Close to thriving amenities on Green Lanes, Finsbury Park, and Hornsey
Summary for Investors
341A Green Lanes offers an exceptional balance of high yield, rental growth potential, and capital appreciation. With a long lease, zero hidden costs, and prime Zone 3 location, it’s a secure, low-risk investment. The vibrant neighbourhood and strong commuter links further cement its appeal—with growth trends in both capital and rent delivering compelling upside.
Secure this opportunity to enter a fast-rising London market:
- Gross yield: 6.0% current → 6.5% projected
- Capital growth: ~7.3% increase last year, 40+% in the past decade
- Rental growth: ~10% YoY for one-bed flats