£260,000
(£493/sq. ft)
2 bed flat for saleSomerset Gardens, Creighton Road, London N17
2 beds
1 bath
1 reception
527 sq. ft
EPC Rating: D
Added on
About this property
Approximately 63 years remaining on lease
Potential lease extension to be investigated by purchaser
Excellent Tottenham location
White Hart Lane Station – approx. 0.25 miles
Tottenham High Road within easy reach
Description
Relocation Homes are pleased to offer this well-kept two-bedroom flat, situated within the popular Somerset Gardens development in Tottenham.
Please note: This property is particularly suited to investors. The flat currently has approximately 63 years remaining on the lease, and prospective purchasers should make their own enquiries regarding the potential for a lease extension and the associated costs and eligibility before proceeding.
The property is currently achieving £1,700 per calendar month in rent, providing an established rental income for an investor. The existing rental position, combined with the property's two-bedroom accommodation and convenient location, makes this an attractive opportunity for a buyer looking to acquire an income-producing property.
The flat itself has been very well kept and maintained, offering practical two-bedroom accommodation in a residential development.
The location is a major selling point. White Hart Lane Station is approximately 0.25 miles away, providing convenient London Overground connections, while Silver Street Station is approximately 0.7 miles away and Bruce Grove approximately 0.9 miles away.
There is a good selection of local shops and everyday amenities within easy reach, with the wider White Hart Lane and Tottenham High Road areas providing supermarkets, independent shops, cafés, restaurants and other services.
For families and tenants, the property is also conveniently positioned for local schools. The Devonshire Hill Nursery & Primary School is approximately 0.25 miles away, Lancasterian Primary School approximately 0.3 miles, and St Francis de Sales Catholic Junior School approximately 0.35 miles. Duke's Aldridge Academy is approximately 0.55 miles away.
The property is also well placed for access to local parks and open spaces, while Tottenham's wider range of shopping, leisure and transport facilities is within easy reach.
With two bedrooms, a current rental income of £1,700 pcm, a well-kept presentation and excellent transport connections, this represents a strong proposition for an investor seeking an established rental property.
Important: Due to the approximately 63-year lease, purchasers should obtain independent legal and financial advice and investigate lease extension options, costs and lending criteria before making an offer.
Early viewing is highly recommended.
Tenure: Leasehold (63 years)
Service Charge: £120 per month
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More information
Tenure
Leasehold (63 years)
Service charge
£1,440 per year
Council tax band
Ground rent
Ground rent date of next review
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