Woodhouse says ..

Property Oracle says ..

This property in Enfield, EN3, is a freehold detached building currently configured as five self-contained units (three 1-bedroom flats and two studios), generating a total monthly rental income of £3,800. The location offers proximity to Enfield Lock train station and several schools, making it potentially attractive to both investors and families. The street view shows a building that appears to be in fair condition, though an internal inspection would be needed for a full assessment of the property’s state of repair. The current rental income stream makes the property suitable for investment. However, detailed information regarding its size, exact condition, and comparable properties with similar rental yield is needed for a more precise market valuation. The lack of outdoor space is a notable drawback for those seeking a home with a garden. The absence of accurate square footage data hinders a comprehensive analysis of the price per square foot, making a conclusive statement on its value challenging. Further due diligence is recommended before making a purchase decision. Considering that the surrounding properties are relatively smaller and less valuable compared to the subject property, the price is reasonably justified given the size, conversion status and location, but more details are needed to fully ascertain the justification

Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

Images