Church Road, London, N17
- PROPERTY TYPE
Apartment
- BEDROOMS
2
- SIZE
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Key features
- Buy-to-let property investment
- Two bedroom apartment
- Net yield: 6.0%
- Rental income: £22,800 per annum
- Local agency currently manage the property
- Tenure: Leasehold
Description
Asking Price: £345,000
EPC Rating: C
Tenure: Leasehold (currently 80 years remaining - in final stages of extension to 990 years)
Service Charge: £192 per month (£2,304 per annum)
Ground Rent: Nil
Current Rental Income: £1,900 per calendar month (£22,800 per annum)
Tenants in Situ Since: October 2024
Investment Overview
Flat 8 at St. Francis Lodge represents a strong, income-producing investment opportunity in a well-connected North London location. Currently achieving £1,900 per month in rental income, the property delivers an attractive gross yield of approximately 6.6% at the asking price of £345,000.
With tenants in situ since October 2024, investors benefit from immediate income continuity and a proven rental level in the current market.
The lease is currently at 80 years but is in the final stages of being extended to 990 years, significantly strengthening the long-term security and mortgageability of the asset. Importantly, there is no ground rent, and the service charge is a manageable £192 per month.
The Property
This well-presented apartment has been maintained and upgraded to a strong rental standard. Both the kitchen and bathroom were renovated in 2017, offering modern finishes that appeal to professional tenants and support sustained rental demand.
With an EPC rating of C, the property meets current energy efficiency expectations and is well-positioned against anticipated regulatory requirements, offering reassurance for buy-to-let investors.
Summary
Flat 8, St. Francis Lodge offers:
Immediate rental income of £22,800 per annum
Approx. 6.6% gross yield
Tenants in situ (since October 2024)
990-year lease extension in progress
No ground rent
Service charges of £2,304 per annum
Approx. 6.0% net yield
Modernised kitchen and bathroom (2017)
EPC C rating
Strong North London rental market fundamentals
This is an ideal opportunity for investors seeking a turnkey, income-producing London asset with long-term security and growth potential.
LET PURE INVESTOR TAKE THE STRAIN AWAY ...
We offer a comprehensive lettings and property management service, ensuring our landlords benefit from a single point of contact for their entire portfolio. From London to Lancaster, from Cardiff to Colchester, we provide a fully managed service for landlords looking to minimise costs and maximise efficiency.
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- 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.
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- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
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- GARDENA property has access to an outdoor space, which could be private or shared.
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- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Energy performance certificate - ask agent
Church Road, London, N17
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Visit our security centre to find out moreDisclaimer - Property reference Francis-Lodge-London. 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.
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