Gater Drive, London, EN2
- PROPERTY TYPE
Flat
- BEDROOMS
1
- BATHROOMS
2
- SIZE
489 sq ft
45 sq m
Key features
- Buy-to-let property investment
- One bedroom with ensuite and a separate toilet
- Annual rental income of £15,000
- Being sold with tenant in situ
- Immediate income generated from rental income
- One allocated parking space
Description
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).
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):
o Current £15,000 pa ? £19,100 pa rental income
o Potential 27% increase in returns over 5 years
This makes 35 Whitackers Lodge a secure, income-producing asset with strong long-term upside.
- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
- Ask agent
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Yes
- GARDENA property has access to an outdoor space, which could be private or shared.
- Ask agent
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
- Ask agent
Energy performance certificate - ask agent
Gater Drive, London, EN2
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Visit our security centre to find out moreDisclaimer - Property reference Whitackers-Lodge-Gater-Drive. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Pure, Manchester. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
*This is the average speed from the provider with the fastest broadband package available at this postcode. The average speed displayed is based on the download speeds of at least 50% of customers at peak time (8pm to 10pm). Fibre/cable services at the postcode are subject to availability and may differ between properties within a postcode. Speeds can be affected by a range of technical and environmental factors. The speed at the property may be lower than that listed above. You can check the estimated speed and confirm availability to a property prior to purchasing on the broadband provider's website. Providers may increase charges. The information is provided and maintained by Decision Technologies Limited. **This is indicative only and based on a 2-person household with multiple devices and simultaneous usage. Broadband performance is affected by multiple factors including number of occupants and devices, simultaneous usage, router range etc. For more information speak to your broadband provider.
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