Woodhouse are pleased to offer this investment opportunity with an immediate cashflow upon completion. The current agreement is for all 5 units with a current term up to December 2023. In total the monthly rental income is £3,800 (£45,600pa) though based on the current rental trends there should be scope for an increase in the future. The breakdown of rents is as follows:-3 x 1-bed units @ £800pcm2 x studio units @ £700pcmThere is a communal garden to the rear, with potential to extend there STPP. Ordnance Road is ideally situated between two stations - Turkey Street and Enfield Lock. There are a host of shops and eateries nearby, with excellent road links only a few minutes away (the A10 and the M25).For further discussion and / or questions please do get in touch.
The Est. Mortgage is for a 25 years repayment mortgage based on a 10% deposit and a 5.5% annual interest. It is only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.
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