19 bed block of flats for sale

Queensway, Enfield EN3

# £3,955,000 | entire freehold block of 9 brand new apartments | £220,000 pa rental income | approx. 5.56% gross yield | spv sale

A rare opportunity to acquire an entire freehold block of nine brand new apartments in Ponders End, Enfield EN3, offered for sale via Special Purpose Vehicle (spv).

**Asking Price: £3,955,000**

**Gross Rental Income: £220,000 Per Annum**

**Gross Yield: Approximately 5.56%**

**Tenant In Situ – Immediate Income-Producing Investment**

This is an exciting opportunity for investors seeking a substantial, ready-made residential investment in North London. The development is fully completed, newly constructed and sold with a tenant in situ, providing an incoming purchaser with rental income from completion.

Opportunities to acquire an entire newly built freehold block of this scale are rarely available, particularly with an established rental income already in place.

## the development

The block comprises nine contemporary apartments with an excellent mix of one, two and three-bedroom accommodation:

* 3 × One-Bedroom Apartments

* 2 × Two-Bedroom Apartments

* 4 × Three-Bedroom Apartments

Each apartment has been finished to a high contemporary standard and offers bright, well-proportioned accommodation designed to appeal to the modern rental market.

The apartments feature fully fitted kitchens with integrated appliances, contemporary bathrooms, open-plan living spaces and quality flooring throughout.

The varied unit mix provides broad rental appeal across professionals, couples and families.

## investment highlights

* Asking Price – £3,955,000

* £220,000 Gross Rental Income Per Annum

* Approx. 5.56% Gross Yield

* Entire Freehold Block

* Nine Brand New Apartments

* Tenant In Situ

* Immediate Rental Income

* Offered Via spv Sale

* 3 × One-Bedroom Apartments

* 2 × Two-Bedroom Apartments

* 4 × Three-Bedroom Apartments

* Newly Constructed Development

* Low Anticipated Maintenance Due To New-Build Condition

* Strong Rental Location

* Excellent North London Transport Connections

* Turnkey Residential Investment

## location

The development is situated in Ponders End, Enfield EN3, an established North London residential area benefiting from consistent rental demand and excellent connectivity.

Residents have convenient access to a wide range of local amenities, including supermarkets, shops, cafés and restaurants, together with schools and nearby green spaces.

Transport connections provide convenient access to surrounding North London areas and Central London, further enhancing the development's appeal to the rental market.

## A compelling north london investment

At an asking price of £3,955,000 and with current gross rental income of £220,000 per annum, the development provides an approximate gross yield of 5.56%.

With all nine apartments contained within a single freehold block, the property presents an opportunity to acquire a substantial residential asset under one transaction rather than assembling an equivalent portfolio individually.

The combination of new-build condition, existing rental income, a varied unit mix and freehold ownership makes this an attractive proposition for investors seeking both immediate income and longer-term investment potential.

The property is suitable for cash and financed purchasers, with preference given to strong, proceedable buyers who can transact efficiently.

**Serious investment enquiries are invited. Further information, tenancy details and supporting documentation are available to qualified purchasers upon request.**