Freehold residential investment property for sale in Wembley

This property is marketed by:
Whozoo

Key Features

• Area - Wembley
• Size - 3,383 sqft
• Local Amenities - Tesco (0.1 miles)
• Planning - 19/0153
• Property Type - Freehold Investment with Potential

Description

A freehold portfolio of four semi-detached houses. Comprises: 1 x two bedroom and 3 x three-bedroom units, measuring 315 sqm/3,383 sqft combined.

All four houses are let on AST contracts, producing a gross income of £85,800 per annum. The property is well located, with local amenities, Tesco supermarket and North Wembley station less than 100m away. There are various asset management opportunities to increase income and capital value by updating of each unit (ERV £108,600 per annum), extending and/or converting to HMO or individual flats (STPP).

Location

The property is located on a prominent corner of East Lane and Byron Road, North Wembley with excellent access to the A406, A10, A41, M1, M3 and M25. North Wembley Station (Watford DC line - Overground and Bakerloo line – Underground) is less than 100m away, connects to the City, West End, Bushey and Watford. Nearby you will find local shops and amenities including Tesco Express. Local schools are excellent, with East Lane primary school (0.2 miles) and Wembley High Tech school (0.5 miles) both rated Outstanding by Ofsted.