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Two Bedroom Flat, Entire Freehold for Block of 8 Flats, Garage, Development Opportunity, N10 3PP - Image 1
Two Bedroom Flat, Entire Freehold for Block of 8 Flats, Garage, Development Opportunity, N10 3PP - Image 2
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Two Bedroom Flat, Entire Freehold for Block of 8 Flats, Garage, Development Opportunity, N10 3PP - Image 10
Two Bedroom Flat, Entire Freehold for Block of 8 Flats, Garage, Development Opportunity, N10 3PP - Image 11
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Two Bedroom Flat, Entire Freehold for Block of 8 Flats, Garage, Development Opportunity, N10 3PP

London

£615,000
Listed on 15/05/2026

Property Details

Bedrooms
2
Type
Apartment

Description

This property presents a unique opportunity to acquire the freehold of a substantial apartment building located in the desirable Muswell Hill area of North London. Comprising a block of eight self-contained flats along with an additional leasehold flat, this asset not only promises immediate rental income but also possesses significant potential for long-term value enhancement through strategic management and development efforts. Investment highlights include three flats currently on leases of less than 70 years, highlighting opportunities for lease extensions or reversion. The central location in one of London's most sought-after residential neighborhoods adds to its attractiveness as an investment. Potential development avenues have been previously explored, such as converting the rear garage into a separate dwelling and creating additional living space on the ground floor, along with possible roof space development. This property is ideal for investors and developers looking for an opportunity that combines existing income with options for asset enhancement and redevelopment.

Investment Analysis

(N10 area)
Area Average
£759/sq ft
Avg Rent (weekly)
£475
Avg Yield
3.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£150,000 - £250,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
15
Average per month
Market Turnover
7%
Properties sold annually

Local Market Trend (N10)

Area prices are falling by -5.8% over the last 12 months
3 year growth: -9.3%
5 year growth: -6.4%
Investment Disclaimer: Analysis based on N10 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

Two Bedroom Flat, Entire Freehold for Block of 8 Flats, Garage, Development Opportunity, N10 3PP
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£2,194
Based on a loan of £461,250 over 30 years at 3.97% 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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