PROPERTY DESCRIPTION
The property is located a stones throw from Wood Green tube station and just off the town centre with all the amenities on Green Lanes. Set over three floors (including a converted loft) it has one studio, a shared kitchen/diner and common room on the ground floor, three studios on the first floor, and two studios on the second (loft) floor. The property is part of a portfolio of ten similar properties which are also for sale.
GENERAL
The property has been finished to a high standard, with mainly white and neutral décor, grey carpet on the stairs and wood laminate flooring elsewhere. The kitchen and bathroom fixtures and fittings are stylish and contemporary. The windows are double glazed and fitted with white venetian blinds, and the property has gas central heating throughout with a Megaflo boiler, high speed internet, and CCTV.
The property has a 99% occupancy record, and all six bedsits are tenanted with ASTs and this Victorian property in Haringey offers an excellent HMO investment opportunity. Comprising six ensuite studios, two communal kitchens and a 60 ft rear garden. It has been finished to a high standard and is in excellent condition.
HMO licences in place. The rents include water, gas and electricity which are paid by the landlord. The current gross rental income is £97,200 pa. Based on the asking price of £1.2m this represents a yield of 7.8% after utility bills.
LOCAL LIFE
Transport connections are excellent, with Wood Green tube station 0.1miles away and Turnpike Lane tube station 0.7m away. Both are on the Piccadilly Line.
The property is close to a wide selection of shops and services in the town centre of Wood Green, with shopping parade 0.1 miles away and The Mall Wood Green 0.3 miles away.
Belmont Recreation Ground is a mere one minute walk away and the property is also close to Downhills Park and Lordship Recreation Ground.