September 3 & 4 Property Auction Preview (#461621)

FEATURES
Online auction date 3 & 4 September 2025 
Guide Price £117,500+
One bedroom first floor flat 
Suitable for owner occupier or investor
Leasehold - approx. 88 years unexpired 
Annual ground rent of £250
Sold with vacant possession 
Potential rent of £1,450 pcm
Opportunity to add value 
Good rental location

OVERVIEW
For sale by online auction, a one bedroom first floor flat within a modern purpose built block arranged over ground and two upper floors. 

The property presents an excellent opportunity for a buy-to-let investor, with a potential rental income of £1,450 per calendar month. Furthermore, it is anticipated value can be added by undertaking a basic programme of refurbishment and modernization.

Magpie Close is a modern residential cul-de-sac situated just off Hoe Lane in the popular North London Borough of Enfield. The development benefits from communal gardens and parking areas, offering a pleasant residential environment.

Excellent for commuters, the property boasts easy access to the A10 and M25, alongside nearby rail services to London Liverpool Street. The extensive shopping and leisure facilities of Enfield Town centre are conveniently located just over a mile away.

Floor Area
Total floor area: 30 m2 / 323 ft2
(measurement taken from EPC)

Council Tax
The property is rated within council tax band B.

EPC
https://find-energy-certificate.service.gov.uk/energy-certificate/0970-2846-6875-2190-5825

Broadband Checker
https://www.broadband.co.uk/checker/

Tenure
Leasehold for a term of 123 years from 25 December 1990 until 28 September 2113.

Legal Pack
https://www.johnpye.auctiondocs.com/

Guide Price
£117,500+

Buyer’s Premium
3% (min. £4,500) inc. VAT.

Viewings
Please contact John Pye Property by email at [email protected] or on 0115 9706060.