CPS London stock

DOWNHILLS ROAD N17

£449,995

AWAITING IMAGE

X6 APARTMENTS  

RENTAL INCOME £28,500 WITH POTENTIAL £39,000 pa

This is an extended mid terrace house arranged into 6 flats, 2 x 1 beds and 4 studios, all self contained with own bathrooms and kitchens . Although provisions for separate meters are installed to all flats, at present, all flats feed off one meter and the landlord pays the bills. The flats were split without planning permission but has establish use since 2004. The extensions have building control certificates.

All flats are tenanted and achieving a combined rent of £28,500 pa. All are under price and potentially the income could be as much as £39,000 pa. For example, a studio flat is currently let for £120.00 when it could achieve £160-£180 per week. 1 bed flats are let for £150.00 per week when it could achieve £200-£220.00 per week.

Asking price is £449,995 which is below market price for a  quick sale. Similar properties in the area are valued between £500-£550,000.00.

Downhills Park Road N17 is a residential road off Philip Lane close to tube and bus services to Central London. A large Tesco and Tottenham Hale Tube station are also within easy reach.