1 Bedroom Flat

Please Quote Property Reference OC864.

Offered to the market with no onward chain, and a long lease, this flat provides a straightforward and efficient purchase process.

Providing c.43 sqm (463 sqft) of internal living space, this well-appointed first-floor apartment offers comfortable accommodation ideal for a single occupier or a couple. Please note, this is not a studio flat, but a properly arranged one-bedroom home.

While the property would benefit from some minor modernisation, it is clean, well-maintained, and entirely ready for immediate occupation or letting, allowing buyers to generate income from day one. The residents of Plowman Close also enjoy the added convenience of communal parking.

From an investment perspective, comparable properties in the area are achieving rental values in the region of £1,450 per calendar month, representing a net yield of circa 7.75%, making this an attractive buy-to-let opportunity.

The property benefits from a high-demand rental location, positioned within walking distance of North Middlesex Hospital, a major local employer. 

Connectivity is another major advantage:

• Silver Street Train Station offers direct services to London Liverpool Street in approximately 25 minutes
• Easy access to the A10 and A406 road networks
• Well-served by local bus routes, including the 444 (Chingford to Turnpike Lane Tube Station)

This is a compelling opportunity for investors seeking a yield-driven purchase with long-term capital growth potential in a well-connected North London suburb.

Property Ownership Information:

Tenure: Leasehold

Ground Rent Charges: £0 (Nil)

Service Charges: £158.86 pcm (Building Insurance Included)

Net Yield of Circa: 7.75%

Lease Expiry Date: 1/1/2180

Remaining Years Left on Lease: 154 Years

EPC Rating: C

EICR Expiry: 19/03/2029

Please note: All measurements are approximate and are provided for guidance only.

Please Quote Property Reference: OC864.

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.