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Lodge Crescent, Waltham Cross EN8

London

£1,500,000
Listed on 04/02/2025

Property Details

Bedrooms
N/A
Type
Residential Development

Description

This property presents an exceptional development opportunity, complete with planning permission for conversion into multiple residential units. The existing courtyard, currently housing offices on short-term licenses that yield approximately £70,000 annually, is set to be transformed into five two-bedroom apartments, five one-bedroom apartments, and a studio. Beyond the current plans, there is potential to add an additional floor for three more units, subject to further planning approvals. Additionally, seven garages are included with the sale, providing further avenues for development or rental income. Located in a highly sought-after area in Broxbourne Eindhoven—conveniently close to Waltham Cross and Enfield—the investment potential here is substantial. Prospective buyers are encouraged to investigate any opportunities beyond the granted planning permission to fully realize the site's capabilities.

Investment Analysis

(EN8 area)
Area Average
£465/sq ft
Avg Rent (weekly)
£382
Avg Yield
4.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£250,000 - £400,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
32
Average per month
Market Turnover
28%
Properties sold annually

Local Market Trend (EN8)

Area prices are rising by +3.0% over the last 12 months
3 year growth: -0.2%
5 year growth: +12.9%
Investment Disclaimer: Analysis based on EN8 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. 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

Lodge Crescent, Waltham Cross EN8
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Mortgage Calculator

£
£
£
%
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years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£5,410
Based on a loan of £1,125,000 over 30 years at 4.06% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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