Property Overview
A well-maintained 1-bedroom flat in the desirable Whitackers Lodge development, Enfield. Offering a bright interior, an en-suite double bedroom, and secure parking, this property combines modern living with strong investment credentials.
Currently tenanted and generating £1,250 pcm, it offers a turnkey investment with no void period risk, as well as strong capital appreciation prospects in an increasingly sought-after London borough.
Key Features
- Property Type: Flat
- Bedrooms: 1 Double Bedroom with En-Suite
- Bathrooms: 1 En-Suite Bathroom + Separate WC
- Parking: 1 Allocated Parking Space
- Leasehold: Approx. 180 Years Remaining (recently renewed)
- Ground Rent: £100–£200 per year
- Service Charge: ~£1,500 per year
- Condition: Good throughout
- Compliance: Valid EWS1 Certificate – no cladding issues
Investment Snapshot
- Current Rent: £1,250 pcm (£15,000 pa)
- Tenancy: Started 15/11/2023 – reliable tenants, no arrears
- Gross Yield at Asking Price: 5.3%
Rental Comparables in EN2
- 1-bed flats in the local area typically let for £1,300 – £1,450 pcm (Source: Rightmove, Zoopla).
- With modest rental adjustments, this property could realistically achieve: £1,350 pcm (£16,200 pa).
Growth & Market Appreciation
Rental Growth
- Enfield rents have risen by 25% in the past 5 years, with demand driven by professionals and young families priced out of Central London.
- Average annual growth: 5–7% per year.
- With London-wide rental demand still outstripping supply, yields in Enfield are expected to remain robust.
Sales Growth
- Enfield property values have increased by 30% over the past decade.
- Flats in EN2 have shown resilience, with average sold prices now over £300,000 for 1-bed units (Land Registry, 2024).
- Buying at £280,000 offers strong value, with room for further capital appreciation.
Location Highlights – Enfield, EN2
- Transport: Close to Enfield Chase & Enfield Town stations – direct services into Moorgate and Liverpool Street.
- Roads: Easy access to the A10 & M25.
- Shopping & Leisure: Palace Gardens Shopping Centre, supermarkets, gyms, and restaurants nearby.
- Lifestyle: Close to parks, schools, and community amenities – attractive to both tenants and first-time buyers.
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): ~5.8–6%
- 5-Year Projection (Assuming 5% annual rental growth):
- Current £15,000 pa → £19,100 pa rental income
- Potential 27% increase in returns over 5 years
This makes 35 Whitackers Lodge a secure, income-producing asset with strong long-term upside.
Get in touch with the team
