4 bed terraced house for sale

Osidge Lane, London N14

Large 4 bed mid-terrace 1930’s house with HMO license (over 25 years as an HMO)

The property is a four bedroom house incorporating a loft conversion with dormer window projection to the rear, however it is currently let out as a 5 room HMO with an income of £51,780 per year.

Following re-instatement and updating the property should achieve a sale in the order of £750,000.

Our Client is willing to dispose of the freehold interest as a licensed HMO for £695,000.

Brunswick Park is a one minute walk from the subject property.

The property has excellent bus routes to both Southgate and Arnos Grove from Hampden Square.

Southgate Underground Station is 5 mins by car or a 15 minute walk.

5 lettable rooms (in total).

Ground Floor – 1 room, own kitchen and bathroom

First Floor – 3 rooms and separate bathroom

Top Floor – 1 room, own kitchen and bathroom

Income: £51,780 a year

There is potential to increase the current rent as set out below:

Room 1 : £790 a month
Room 2: £1100 a month
Room 3: £725 a month
Room 4: £600 a month
Room 5: £1100 a month

License details:

HMO license from London Borough of Barnet for up to 8 people. The property complies fully with current standards.

Outside:

Large rear garden with space to erect a double garage to the rear boundary.