DoorStepAgents presents this lovely house - set within a cul de sac location on a sought after Road. It’s close to local amenities such as Tesco, Sainsbury, 5 a side football, Restaurants, various schools, Middlesex University and the RAF Museum and within the walking distance to Mill Hill Broadway, and Colindale Underground stations - just 30 minutes from central London.
The property features flexible accommodation suitable for student/professional rental or a large family and is chain free. It would make an ideal family home or rental investment. The property benefits from a water softener and filtered water system serviced annually, Gas central heating, Double glazing throughout (except Front Door and cloakroom), Kitchen/Diner, Garage, downstairs Cloakroom, extended conservatory, upstairs bathroom, off street parking, awaiting EPC rating. The Garage can easily be converted to a Granny Annex subject to Building regulations and planning and the addition of a large porch is also possible.
Approx Area by floor: Ground Floor 61 SQ M, 1st Floor 26 Sq M, 2nd Floor 27 Sq M giving a total approximate floor area of 116 Sq Metres including Garage and conservatory.
The Vendor is looking to agree sale for CASH Price in Excess of £495,000 with a view to complete before the end of January. If this cannot be achieved then Vendor will put up the Price to original Asking Price £550,000 for the Spring of Next year.
Property is currently tenanted who all would like to continue their tenancies. It generates Rent as follows:
Room 1 £600 PCM
Room 2 £600 PCM
Room 3 £550 PCM
Room 4 £550 PCM
Room 5 £700 PCM
Total £3,000 PCM or £36,000
Giving a Yield of 6% PA.
If the Garage is converted to a room then this will generate another £700 PCM possibly more if made self contained on an AST
There are THREE parking places at the front of the property as well as free on street parking. The Garage conversion, New front door, Addition of new Porch and a second Shower room has been quoted at £15,000.
So the property has scope for improvement and allow for 6 or 7 rental rooms with a shared Kitchen, dining / lounge area, Conservatory and 2 shower rooms. The Large room could be converted into two rentable rooms.
Property was valued at £550,000 but vendor has reduced asking price to OIRO £500,000 as he has found a property Boiler was replaced 5 years ago and is serviced annually with British Gas Service care Level 4 ( Gas electrics, plumbing etc). Bathroom was replaced and remodelled in 2014.