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South Street, Enfield

London

£445,000
Listed on 15/03/2025

Property Details

Bedrooms
2
Type
Detached house
Area
495 sqft

Description

This property presents a compelling opportunity for those interested in a combined commercial and residential investment. The ground floor features a well-established shop space, currently operating under A1 and A5 licenses, which allows for retail and takeaway services. The main shop area is equipped with roller shutters for security, a tiled floor, and functional layout that includes a middle room and a kitchen area fitted with a stainless-steel extractor system. Additionally, the shop benefits from its own rear garden space, creating potential for outdoor seating or additional storage. Above the shop, the two-bedroom residential flat offers separate access from the street, enhancing privacy and appeal to potential tenants. This living space comprises a spacious lounge with double-glazed windows that invite natural light, a well-appointed modern kitchen that leads to stairs connecting to another sizable rear garden, and two bedrooms including a comfortable double bedroom. The flat also features a three-piece bathroom suite. Located in the desirable area of Ponders End, this property is conveniently situated near reliable transport links, providing easy access to nearby amenities and central locations. The property holds significant renovation potential; with some updates and reconfigurations (subject to planning permission), one could further enhance both residential and commercial spaces. Overall, this property stands out as an excellent investment opportunity with diverse possibilities for revenue generation while being chain-free for quicker transaction completion.

Investment Analysis

(EN3 area)

Above Market Value

This property is priced +98.7% above area average per sq ft

+98.7%
This Property
£899/sq ft
Area Average
£452/sq ft
Avg Rent (weekly)
£405
Avg Yield
5.6%

Renovation Potential

Est. Renovation Cost
£44,500 - £111,250
10-25% of property value
Target Value
£246,332
10% above area average per sq ft
Potential ROI
-55.7%
After renovation
Monthly Sales
25
Average per month
Market Turnover
32%
Properties sold annually

Local Market Trend (EN3)

Area prices are rising by +11.9% over the last 12 months
3 year growth: 15.6%
5 year growth: 24.6%
Investment Disclaimer: Analysis based on EN3 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

South Street, Enfield
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