This semi-detached freehold house offers a compelling investment and development opportunity. Currently configured as two separate one-bedroom flats, the property features independent living spaces with distinct council tax arrangements, making it an attractive option for investors seeking rental income.
The upstairs flat boasts a spacious living room that seamlessly integrates with an open-plan kitchen, along with a generous-sized bedroom and a well-appointed bathroom. The downstairs unit similarly offers a large living area separate from its kitchen, complemented by another sizable bedroom. Both flats are equipped with double-glazed windows and gas central heating, ensuring tenant comfort and energy efficiency.
With a total annual rental income of £32,400 from both units, this property stands out not only for its current cash flow but also for its renovation and expansion potential. The land includes a sizeable rear garden that could be further developed or enhanced.
Notably, the current owner has secured planning permissions for significant renovations, including a hip-to-gable roof extension and dormer addition to the main rear roof. There is also approval for the construction of a single-storey extension that extends 5 meters beyond the original rear wall of the house. These enhancements could greatly increase both living space and investment value.
Situated in N17, this property benefits from proximity to local amenities, transport links, and community services, making it an appealing choice for future tenants or homeowners alike. With thoughtful updates and renovations, this home has the potential to become much more than just an investment—allowing you to maximize your return while contributing to the area’s development.
