116 Bouvier Road, Enfield, Middlesex, EN3 5SQ

Description

Upon Instruction of Countrywide. Leasehold second floor split level flat. 88 years remaining on the lease.

Accommodation

Third floor: Two bedrooms, bathroom/wc. Second floor: Reception room, kitchen.

Location

The property is located on Bouvier Road. Shopping amenities are available within Enfield, with a further range of shops, bars and restaurants found in Central London lying to the south. Public transport links are available at Turkey Street London Overground Station lying to the north and at Enfield Lock Train Station located to the north east, along with a network of local bus services serving the surrounding areas. Road links include the A1010 to the east and the A10 to the west. Recreational pursuits can be found at Albany Park to the east and Hoe Green Park to the west.

Tenure / Property Information

Investment Analysis

The £190,000 guide is below the only higher same-road recorded sale supplied (£240,000 in 2016), but that evidence is dated and the other relevant same-road sale was £179,950 in 2014. No current comparable, floor-area, condition or rental evidence is supplied, so a defensible current GDV cannot be established. The lease is reported as approximately 87–88 years remaining, while service charge, parking, heating and potential seller fees remain unknown.

Investment Snapshot

Strategy Recommendation

Proceed only after obtaining current comparable evidence, inspecting condition, confirming the exact lease term and reviewing the leasehold costs and special conditions. Do not rely on the guide as market value.

Works Required

No specific defects or refurbishment requirements are evidenced. Obtain a survey and inspect the flat before budgeting works; confirm heating, parking, service charge and lease information.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A BRRR assessment cannot be supported without a current GDV, verified rent, refurbishment budget and full leasehold cost information. The approximately 87–88-year lease term and unknown service charge should be assessed before considering refinanceability.

Buy-to-Let Analysis

No sufficiently specific rental evidence or auctioneer rent estimate is supplied, so rent and yield cannot be established. The unknown annual service charge and other lease costs also prevent a complete BTL assessment.

Flip Analysis

A flip appraisal cannot be reliably calculated. The supplied £240,000 and £179,950 same-road sales are from 2016 and 2014, with no current valuation, condition evidence or supported selling-cost allowance.

Investor Risks & Due Diligence

• Current market value cannot be established from the dated comparable sales supplied.

• Lease term is stated as both 87 and 88 years remaining.

• Annual service charge and potentially other leasehold costs are unknown.

• Seller fees may be payable under the special conditions but are not provided.

• Condition, heating and parking information is unavailable.

• No sufficiently specific rental evidence is available to support an investment yield.

Recommendation

Proceed only after obtaining current comparable evidence, inspecting condition, confirming the exact lease term and reviewing the leasehold costs and special conditions. Do not rely on the guide as market value.

Strategy Rating

Analysis Confidence

The property description, guide, lease headline and historic same-road sales are supplied, but current valuation, rent, condition, floor area, service charge and some completion costs are unavailable.