8 Bed Terraced House For Sale Regents Park Road, London, N3

£1,450,000- Terraced

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Last Updated: 11th June 2024

Description

An unbroken residential investment on Regents Park Road, London N3.\r
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Located an 8 minute walk (0.4 miles) from Finchley Central Underground Station (Northern Line).\r
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The property is in good condition throughout, requiring no capital expenditure.\r
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Arranged as 1 x studio, 3 x 1 bedroom & 1 x 4 bedroom apartments.\r
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Measuring approximately 2,228 sqft GIA.\r
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Currently fully let, producing £103,200 per annum.\r
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Flat 2 benefits from access to a private rear garden.\r
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We have been advised that the Estimated Rental Value is in the region of £112,800 per annum.\r
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Planning has been granted for a mansard roof extension with front dormer & rear dormer with juliette balcony. London Borough of Barnet planning ref: 23/1045/FUL.\r
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There is a parcel of land to the rear of the site suitable for redevelopment, measuring 1,144 sqft which is available via separate negotiation.\r
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Freehold.\r
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Offers in Excess of £1,450,000 (One Million, Four Hundred and Fifty Thousand) subject to contract. Reflecting a gross yield of 7.12%.
Agent Details
ESTATE OFFICE INVESTMENTS LIMITED
Ground Floor 1 Finchley Road, London, NW8 9TT

Investment Analysis

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Legal - YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY DEBT SECURED ON IT.

Property Forecaster are working in partnership with Midland Mortgage Bureau Limited. Midland Mortgage Bureau Limited is an appointed representative of The Right Mortgage Ltd, St Johns Court,70 St Johns Close, Knowle, B93 0NH, which is authorised and regulated by the Financial Conduct Authority. Midland Mortgage Bureau Limited financial Services Register number is 756490. The Right Mortgage Ltd Financial Services Register number is 649443.
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This is the potential achievable yield.
Potential Return-on-Cash Invested