House For Sale High Street, Barnet, EN5

£150,000

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We appreciate the listed price showing isn’t necessarily the price you would buy this property for, as it is in auction. However, we hope some confidence can be gained from our system successfully being able to identify this as potentially below market value.
Last Updated: 27th March 2024

Description

This studio apartment offers a great investment opportunity with a rental yield of 8.5%

The property is currently let at £15,600 per annum, making it an attractive option for investors looking to add to their portfolio.

With its convenient location and good condition, this studio apartment is sure to appeal to tenants.

Chipping Barnet is surrounded by beautiful green spaces, including Hadley Woods and Monken Hadley Common, providing residents with plenty of opportunities for outdoor activities and relaxation. The town is also well-connected to central London and other parts of the city via public transport, making it a great choice for commuters. National Rail - New Barnet, Underground - High Barnet (Northern Line).

Don't miss out on this opportunity to own a property with great rental income potential in the vibrant area of High Barnet.

Buyers Administration Fee Applies upon the fall of the hammer, the Purchaser shall pay a 10% deposit (subject to minimum of £5,000, whichever is the greater) and a Buyers Administration Fee of £1,500 and contracts are exchanged.

The purchaser is legally bound to buy and the vendor is legally bound to sell the Property/Lot. The auction conditions require a full legal completion 28 days following the auction (unless otherwise stated in the legal pack or on the sales details).

To to bid on the property, find the property on the Benjamin Stevens Auctions website. Click in to \"Timed Auctions\" and the click onto the property, follow the link to “Log in/register to bid”

You will then be directed to create an auction passport account through our partners, the Essential Information Group.
Agent Details
Benjamin Stevens
194 Station Road, Edgware, HA8 7AT
Show Contact Number
020 8958 1118

Investment Analysis

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Calculators

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Legal - YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY DEBT SECURED ON IT.

Property Forecaster are working in partnership with Midland Mortgage Bureau Limited. Midland Mortgage Bureau Limited is an appointed representative of The Right Mortgage Ltd, St Johns Court,70 St Johns Close, Knowle, B93 0NH, which is authorised and regulated by the Financial Conduct Authority. Midland Mortgage Bureau Limited financial Services Register number is 756490. The Right Mortgage Ltd Financial Services Register number is 649443.
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This is the potential achievable yield.
Potential Return-on-Cash Invested