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See how verdicts work1-bedroom flat · N14 4JL
For saleListed 41 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Shared ownership (Advertised price represents 30% share. Full market value £335,000). An immaculately-presented flat on the ground floor of a modern building just off Chelmsford Road.
The property has a twenty-one-foot reception room with wood flooring and a semi-open-plan kitchen area featuring stylish units and integrated appliances.
Double doors lead from the living area out to a patio with timber fence and gate (sole use, not demised).
There are built-in wardrobes in the bedroom and the bathroom is large enough to include a separate shower cubicle.
Well insulated walls, double glazing and gas central heating make for a good energy-efficiency rating.
Southgate Station, for the Piccadilly Line, is just a short walk away and there is a a wide range of shops, restaurants and other amenities close by.
Oakwood Park and Grovelands Park are also within easy reach. The flat comes with an allocated, off-street parking space.
Interested parties are required to complete the shared ownership common application form [ ] (Please note the minimum income and deposit requirements for eligibility.
You do not need to request a viewing separately once you have completed the application form.) Housing Association: The Riverside Group. Tenure: Leasehold (125 years from 01/04/2005).
Minimum Share: 30% (£100,500). Shared Ownership Rent: £635.77 per month (subject to annual review). Service Charge: £106.07 per month (subject to annual review).
Guideline Minimum Income: Dual - £39,200 | Single - £45,500 (based on minimum share and 10% deposit). Council Tax: Band C, London Borough of Enfield.
This property is offered for sale in the condition seen.
The housing association does not warrant to carry out any remedial or redecoration work of a cosmetic nature unless specifically advised in writing.
As a general rule, fitted domestic appliances are included in the sale; non-fitted appliances are not. If you require confirmation, you must request this in writing from Urban Moves.
The information in this document supersedes any information given verbally either in person or by telephone.
Pets may be permitted but only with prior consent from Riverside Group (which can only be obtained once you are the property owner). What is shared ownership ?
Shared Ownership is a housing scheme designed to help homebuyers who are unable to afford the cost of buying a property outright on the open market.
Properties may be sold off-plan or new build direct from housing associations, or pre-owned from existing shared owners.
The rules and terms of the scheme are set by the Greater London Authority (gla) in London and Homes England outside of London. Is shared ownership for you ?
The gla and Homes England set the eligibility criteria for Shared Ownership, but broadly speaking you must: 1. Not own another property in the UK or any other country. 2.
Have a household income that falls below £90,000 (£80,000 threshold outside the M25). Every property will have a minimum income level too, determined by its value, rent and service charge costs.
In most cases you will need to meet or exceed the given minimum income. 3.
Have access to a minimum deposit of 10% of the share being purchased (a minimum deposit of 5% of the share being purchased may be acceptable depending on individual financial status). 4.
Be in full time permanent employment. 5. Be a British, EU or eea Citizen or have indefinite leave to remain in the UK. 6. Have a good credit history. Bathroom 9' 5" max. X 6' 8" max.
(2.88m x 2.04m) Bedroom 14' 0" max. X 11' 5" max. (4.27m x 3.48m) Reception 21' 7" max. X 14' 11" max.
(6.59m x 4.55m) Kitchen Included in reception measurement Patio Garden Approximately 21' 11" x 10' 8" (6.69m x 3.24m)
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
Short-let restrictions apply
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
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FAQ
About 4, Willis Yard, London
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