This substantial semi-detached Edwardian house offers a unique investment opportunity as it is currently structured into six rental units, comprising four studios and two one-bedroom flats. Having remained under the same family ownership for over eighty years, the property has been reasonably maintained over the years, although the internal finishes and kitchen and bathroom specifications are basic. Particularly, Flat 19a presents a chance for complete refurbishment to enhance its appeal in the rental market.
The property generates an annual rental income of £78,300, with five out of six flats occupied on assured shorthold tenancies and one flat under a regulated tenancy. Beyond its current usage model, there exists significant development potential: options to extend at the rear or convert and expand the existing basement (46.72 sq m / 503 sq ft) could increase rental yield or even transform the property back into a single-family home.
Situated in the affluent Muswell Hill area of North London, this residence benefits from proximity to vibrant shopping amenities on Muswell Hill Broadway and excellent access to green spaces such as Alexandra Palace Park and Highgate Wood. Additionally, transport links via East Finchley and Highgate Underground Stations are within reasonable distance. This property is ripe for both refurbishment and strategic enhancement.
