5 bed Terraced for sale, London
£750,000 ll
Property Reference: 17044 Full selling price: £750,000 — no offers Tenanted — the property will not be sold with vacant possession A rare opportunity to acquire a Victorian freehold terraced house on the sought-after Woodside Gardens, N17. The property benefits from a current HMO licence and planning permission for use as a five-person HMO within Use Class C4, providing five individual letting rooms. Currently generating a gross rental income of £46,800 per annum, the property is let to settled, responsible and reliable tenants with a strong payment history who maintain the house in good order. The existing arrangement has proved to be a low-management investment. The property is situated within Haringey’s Article 4 area, where planning permission is required to change the use of a family dwelling within Use Class C3 to a small HMO within Use Class C4. The existing planning permission is therefore a particularly valuable benefit for investors. The property may also appeal to a live-in landlord looking to benefit from the existing HMO licence and planning permission. The ground floor comprises an entrance hall with stairs leading to the first floor, a bright and spacious front room with a bay window, a second room overlooking the rear garden, and a kitchen with direct access to the garden. The kitchen has been fitted to the standards required for the property’s approved HMO use. On the first floor, there are three generously sized bedrooms, two of which have bay windows, together with a family bathroom. The property underwent a full refurbishment within the last 20 years. Key Features Current five-person HMO licence Planning permission for use as a five-person HMO within Use Class C4 Five individual letting rooms Gross rental income of £46,800 per annum Settled and reliable tenants in situ Large kitchen-diner with direct garden access Family bathroom Double glazing Gas central heating Front and rear gardens Chain-free sale Property Details Property type: Terraced house Full selling price: £750,000 — no offers Tenure: Freehold Council Tax band: D EPC rating: C Outside space: Front and rear gardens Parking: On-street parking Heating: Gas central heating Chain: Chain free
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