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611 Finchley Road

Newly refurbished HMO investment
For sale

A rare opportunity to acquire a newly converted residential building in Finchley London NW3.  

The property is located in a highly sought after area, equidistant to Hampstead, West Hampstead, Finchley Road & Golders Green Underground Stations, thus providing excellent connectivity. 

Arranged as 9 studio apartments benefitting from HMO (Sui Generis) use. Planning was received in April 2024. London Borough of Camden REF: 2023/3121/P. 

Measuring approximately 2,486 sq ft GIA. 

The apartments have recently been launched on the open market with a local agent and are available to let for rents between £1,400 - £1,750 per month.

Two of the apartments have access to a private patio, the remaining have the benefit of a shared garden. 

The Estimated Rental Value (ERV) is in the region of £175,000 per annum. 

The ERV based on the Local Housing Allowance rate would equate to approximately £155,088 per annum. 

Vacant possession.   

Freehold.

PROPOSAL

Offers in Excess of £1,850,000 (One Million, Eight Hundred & Fifty Thousand Pounds) subject to contract. Reflecting a gross yield of 9.46% against the ERV.

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