10 bedroom detached house for sale

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10 bedroom detached house for sale

Quinta Drive, Barnet
£2,500,000

Our Summary

  • Substantial 10-Bedroom HMO with Major Development PotentialThe Property Shop is pleased to offer this impressive detached HMO located in one of North Londons most sought-after residential neighbourhoods in the heart of Quinta Drive, Barnet EN5
  • This provides an attractive return from day one, with further scope to increase income through development and expansion
  • Development Potential (STPP)This property offers significant development potential, subject to planning permission: Loft Conversion: Opportunity to convert the loft into up to 4 additional en-suite bedrooms, increasing rental yield and total occupancy
  • Large Rear Garden with DevelopmentPotential
  • Potential to Add 4 More Bedrooms via Loft Conversion

Description

This substantial detached HMO in North London's Quinta Drive, Barnet, offers a rare opportunity for investors and developers. The property boasts 10 large bedrooms, each with a modern bathroom, a fully fitted kitchen, and a spacious communal lounge. Currently licensed and generating a passing rent of £96,000 per annum, the property provides a high standard of shared living and a strong return on investment. The property's exterior features a large driveway with parking for 68 vehicles and a spacious rear garden, which offers significant development potential. Subject to planning permission, the loft can be converted into up to 4 additional en-suite bedrooms, and the rear garden can accommodate a two-storey, 2-bedroom detached house, providing further rental income or resale opportunities. Located in a sought-after residential area with excellent local amenities, top-rated schools, and green open spaces, this property presents a unique chance to capitalize on its development potential and capitalize on the area's growing demand for high-quality accommodation.