Wednesday 20 August 2014

Buy To Let Opportunity in Edmonton N9: Two Bed House, Woodlands Rd, Edmonton


www.Gracechurch-Property.co.uk


This two bedroom terraced house is on the market for £259,995. Similar style properties have recently been marketed on the same road for £264,995 and £269,995. With an average asking price for 2 bedroom houses in the N9 postcode of £269,109, this 1930’s home comes in below the average.

The property is in need of cosmetic modernisation, but added benefits to note include two good size bedrooms, first floor family bathroom, large through lounge, garden, part double glazed and gas central heating throughout.

Ideally located for Edmonton Green station and shopping centre, with easy access to bus routes on Hertford Road and nearby schools including Eldon Infant School (0.2 miles), Eldon Junior School (0.2 miles), St Edmunds Catholic Primary School (0.3 miles), Enfield Secondary Tuition Centre (0.2 miles), Nightingale Academy (0.2 miles) and Phoenix Academy (0.2 miles).

When looking at a rent potential for the property, this 2 bedroom house should let for circa £1,250 PCM, if not a little more. Gracechurch Property Services manage similar properties within the area.

If you managed to agree a sale of £5,000 below the asking price (£255,000) this makes for a gross rental yield of 5.7% and property prices in N9 rising on average 32.53% over the past 5 years.*

If you require any further information on this property, please do not hesitate to contact Gracechurch Property Services on 020 3418 0580 or email info@gracechurch-property.co.uk.

*Please note, the calculations are for guidelines only. The agreed sale and rental figure for the property may be higher or lower. Always consult a financial advisor with help with your mortgage.

Telephone: 020 3418 0580
Twitter: @GracechurchN18

Director
Gracechurch Property Services