£875,000

Key Features

• Six-bedroom HMO With En-suite
• Approximately 1,442 sq ft
• Gross Annual Rental Income Of £74,400
• Arranged Over Three Floors
• Excellent Transport Connections
• Investment Opportunity
• Communal Kitchen
• Established Rental Income

Property Description

An excellent opportunity to acquire a six-bedroom HMO investment situated on Grove Park Road, N15, set over approximately 1,442 sq ft and currently producing a gross rental income of £6,200 per calendar month, equivalent to £74,400 per annum.

The property is arranged over three floors and comprises six individual rooms, each benefiting from its own en-suite bathroom and small kitchen area, together with a communal kitchen providing additional facilities for residents.

The accommodation is well suited to the professional lettings market, offering tenants the benefit of private en-suite facilities and individual living spaces alongside communal accommodation.

The floorplans show the property arranged over the ground, first and second floors. The ground floor includes two en-suite rooms, a communal kitchen, storage and additional external areas. The first floor provides a further three en-suite rooms, while the second floor comprises the sixth en-suite room. With a current rental income of £6,200 pcm, the property generates £74,400 per annum.

Location & Transport

Grove Park Road is situated within the popular N15 area of North London, offering excellent access to a wide range of local amenities, transport links and leisure facilities.

Seven Sisters Underground and railway station is within easy reach, providing access to the Victoria Line, offering fast connections into central London, as well as rail and London Overground services.

Tottenham Hale is also nearby, providing further excellent transport connections, including Underground, rail and Overground services, as well as the Stansted Express.

The surrounding area offers a diverse selection of shops, cafés, restaurants and everyday amenities, with West Green Road and Seven Sisters providing a particularly convenient range of facilities for residents.

Green Spaces

The property also benefits from access to a number of green spaces, providing a welcome balance to its convenient London location.

Downhills Park and Lordship Recreation Ground are both within easy reach, offering open green spaces, walking routes and recreational facilities. Finsbury Park, Chestnuts Park and Woodberry Wetlands also provide further opportunities for outdoor leisure and recreation.