This property presents a unique investment opportunity in a sought-after tree-lined thoroughfare, just moments away from the bustling amenities of Crouch End Broadway and Hornsey High Street. With excellent transport links, including Hornsey Station only 0.3 miles away and Turnpike Lane tube station at 0.8 miles, the location is ideal for both tenants and future buyers.
Currently operating as a licensed House in Multiple Occupation (HMO) until December 2030, with a capacity for six occupants, this property offers multiple avenues for development subject to planning consent. The self-contained garden flat invites possibilities for extension or modernization, while the upper levels might be reconfigured into individual flats or transformed into an expansive single-family home.
The extensive rear garden extends onto Longfield Road, with potential planning opportunities for additional structures such as a garage or studio space, further enhancing the property's value. This could be an excellent project for investors looking to create a customized living space or maximize rental potential.
The layout includes:
- Lower Ground Floor: 593 sq ft (vacant)
- Ground Floor: 558 sq ft (Room 1 vacant; Room 2 occupied producing £500 pm)
- First Floor: 406 sq ft (Room 4 vacant; Room 5 occupied producing £760 pm)
- Second Floor: 406 sq ft (Room 6 occupied producing £530 pm; Room 7 occupied producing £660 pm)
A binding contract will be established upon auction sale, providing clarity and security for potential buyers. With freehold tenure and significant renovation potential, this property is well-positioned for growth.
