This freehold terrace building, recently held within the same family for approximately 16 years, presents a noteworthy investment opportunity in a prime London location. Situated conveniently between Fairhazel Gardens and Finchley Road, the property is close to the extensive amenities of West Hampstead and Finchley Road, including excellent transport links via the Jubilee and Metropolitan Lines.
The building spans three floors and offers spacious accommodation that has significant potential for modernisation and refurbishment. Currently set up to accommodate multiple tenants under assured shorthold tenancy agreements, it generates an annual rental income of over £87,000. However, its layout allows for creative reconfiguration.
The second floor comprises a reception room, kitchen/diner, bedroom, and shower room/WC. The first floor features two bedrooms (one with a kitchenette), another shower room/WC, a separate WC, and an additional kitchen. On the ground floor are interconnected rooms with kitchenettes as well as a self-contained rear flat featuring its own entrance hall, living room, kitchen, bedroom, and bathroom/WC.
The property also boasts sole use of a large garden at the rear—an attractive element for future occupants or tenants. Previous planning permission was sought for substantial enhancements to create more living space through basement excavation and extensions; however, it was withdrawn due to changing circumstances—a clear indicator of potential value growth upon obtaining new approvals.
With an HMO licence valid until September 2029 (not transferable), this property is poised for those looking to invest in London's dynamic rental market while offering renovation avenues that could significantly increase both livability and rental returns.
