Summary - Tysoe Avenue, Enfield EN3 6FE
2 bed 1 bath Apartment
Gated commuter flat needing renovation, close to Enfield Lock station.
Chain-free two-bedroom ground-floor flat in gated development
A chain-free, two-bedroom ground-floor apartment set within a gated development close to Enfield Lock station. The flat benefits from private gated parking, communal gardens and an EPC B rating, making it a practical commuter base with immediate rental potential. Internally the layout is traditional with an above-average reception room; however the property requires modernisation throughout and shows signs of damp and worn finishes.
This will suit a cash buyer or an investor prepared to renovate. The vendor reports potential rental income of £19,000–£20,000 per annum (buyer to verify). Service charges are substantial at about £3,984 per year and there is a small ground rent of £20, both important running costs to factor into investment returns.
A material drawback is the lease length: 75 years unexpired (99-year lease from 15/08/2002). This short lease may prevent standard mortgage offers and could require a premium to extend the lease or limit buyer finance options. Heating is by electric storage heaters and some remedial work is needed to address damp and general wear.
If you are a first-time buyer with cash, or an investor looking for a refurbishment project close to transport links, this property offers clear potential once updated. Be prepared for renovation costs, confirm lender position on the lease, and allow for the ongoing service charge when calculating affordability or yield.
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