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Cobbett Close

Enfield, London

£190,000

  • One bedroom apartment
  • Current net yield: 7.4%
  • Being sold with tenants in situ
  • Strong rental income: £1,300pcm
  • Tenure: Leasehold 154 years remaining

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Cobbett Close, Enfield

Attractive Tenanted  Investment | £190,000 | Leasehold 154 Years Remaining | 7.4% Net Yield
INVESTMENT HIGHLIGHTS
  • Gross Yield: 8.2%
  • Net Yield: 7.4% (after service charges)
  • Monthly Rental Income: £1,300 pcm
  • Annual Rental Income: £15,600
  • Net Monthly Income: £1,176 (after service charges)
  • Net Annual Income: £14,112
  • Immediate rental income, tenant in situ from day one
ABOUT THE PROPERTY

A well-presented first floor apartment offering a spacious living room, fitted kitchen, one double bedroom and a family bathroom. The property benefits from communal parking and is exceptionally well maintained throughout.

  • Tenure: Leasehold 154 years remaining
  • Service Charge: £124 per month
  • Ground Rent: None
  • EPC Rating: C
  • Council Tax: Band B
  • Parking: Communal
TENANCY DETAILS

The property is currently tenanted with a reliable occupant who has been in situ for over two years and is happy to remain. The property is professionally managed by a local letting agent, making this a genuinely hands-off investment. Rental income begins from the day of completion

LOCATION

Situated in the popular north London suburb of Enfield, the property is within easy reach of shops, supermarkets, restaurants and pubs. Excellent transport connections are available from Turkey Street and Enfield Lock railway stations, local bus routes, and the M25 – ideal for commuters and long-term renters alike.

WHY THIS IS A STRONG INVESTMENT
  • 8.2% gross yield – well above the national buy-to-let average
  • Tenant in situ for 2.5 years with no void risk from day one
  • 154 years on the lease – effectively freehold equivalent, no ground rent
  • Hands-off investment, professionally managed
  • North London location with strong long-term rental demand
  • EPC C rating – future-proofed against upcoming energy efficiency legislation
  • Low council tax Band B – supports tenant affordability and retention

Return on Capital Employed (ROCE) Calculator

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