7 bedroom terraced house for sale
£799,950
Property info
Property features
- 5 self contained flats with commerical premises - FREE HOLD
Property description
Freehold investment with development potential - prominent shop and flats
Freehold for sale - 5 residential flats and a shop:
The building comprises of a ground floor shop together with 5 self contained flats arranged on rear ground, first and second floors. The flats are split up providing 2 x studio flats, 2 x 1 bed flats and 1 x 2 bed flat. The entire property is let and income producing
The property is situated in a prominent position on the corner of seven sisters road and Gourley Street. The property is close to the junction of High Road Tottenham and St Anns Road. Transport facilities are good with Seven Sister Road Underground Station (Victoria Line) being close by. Numerous bus routes also serve the area.
Shop floor areas: Ground Floor Shop: 850 Sq Ft (78 Sq M)
tenancies:
Ground Floor Shop: The ground floor shop is let on a lease agreement excluded from the provisions of Sections 24 to 28 (inclusive) of the 1954 Act at a current rental of 8, 400 pax
Break Clause: If the Landlord shall desire the tenancy can be determined at any time after the 1st November 2010 by the Landlord giving six months previous notice in writing to the Tenant
Residential: The flats are all let on assured Shorthold tenancies at a current rental of £48, 000 per annum.
Total Income: £56, 400 per annum.
Please note: We have also been advised that the current shop could potentially be converted in to two studio residential dwellings making the entire unit residential only and that the two very visible flank walls could be used to place bill board signs. The combined income from these proposed ideas is approximately £24, 000. This could increase the total income to: £80, 400 and therefore a yield of approximately 10%.
For more information about this property, please contact
C.H Peppiatt, NW3 on 020 3551 3250 (local rate)
Similar properties for sale nearby
This freehold 7 bedroom terraced, located in Seven Sisters Road, London N15 is listed for sale for £799,950 . The current asking price is 213% higher than the average current value for properties on which is £255,584. There have been 5 property sales on in the last 3 years, with sold house prices averaging £178,900. This property has 7 bedrooms and is located in London.
£256,070 £318,543 £316,949 £290,883 £187,827
stats for
£612 (-0.24%) £3,961 (-1.52%) £8,480 (3.42%) £2,561 (1.01%) £26,201 (11.40%) £13,585 (-5.04%) £10 (-0.00%)
from
Property value data/graphs for N15
| Property type | Avg. current value | Avg. £ per sq ft. | Avg. # beds | Avg. £ paid (last 12m) |
|---|---|---|---|---|
| Detached | £318,543 | £232 | 3.4 | £224,000 |
| Semi-detached | £316,949 | £358 | 3.4 | £341,371 |
| Terraced | £290,883 | £290 | 2.9 | £293,112 |
| Flats | £187,827 | £310 | 1.8 | £186,841 |
Current asking prices in N15
| Property type | 1 bed | 2 beds | 3 beds | 4 beds | 5 beds |
|---|---|---|---|---|---|
| Houses |
£234,950 (2) |
£268,296 (18) |
£393,021 (41) |
£395,699 (7) |
- |
| Flats |
£162,367 (45) |
£204,351 (24) |
£200,842 (10) |
- | - |
| All |
£165,456 (47) |
£231,756 (42) |
£355,339 (51) |
£395,699 (7) |
- |
Current asking rents in N15
| Property type | 1 bed | 2 beds | 3 beds | 4 beds | 5 beds |
|---|---|---|---|---|---|
| Houses |
£780 pcm (2) |
£1,147 pcm (5) |
£1,460 pcm (7) |
£1,753 pcm (11) |
£2,500 pcm (1) |
| Flats |
£922 pcm (37) |
£1,096 pcm (26) |
£1,367 pcm (9) |
£2,448 pcm (1) |
- |
| All |
£915 pcm (39) |
£1,104 pcm (31) |
£1,408 pcm (16) |
£1,811 pcm (12) |
£2,500 pcm (1) |
Fun facts for N15
| Highest value streets | Zed-Index What is the Zed-Index |
|---|---|
| Castlewood Road | £421,884 |
| Clifton Gardens | £420,022 |
| Lockmead Road | £401,420 |
| Leadale Road | £399,603 |
| Wellington Avenue | £399,529 |
| Highest turnover streets | Turnover What is Turnover? |
|---|---|
| Broad Lane | 64.0% |
| Colless Road | 33.3% |
| Priscilla Close | 33.3% |
| St. Margarets Avenue | 26.3% |
| Gorleston Road | 25.9% |
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