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7 bedroom semi-detached house for sale
Rodwell Place, Edgware, Middlesex, HA8
£1,200,000
Rodwell Place, Edgware, Middlesex, HA8
£1,200,000
Our Summary
- TO BE SOLD AT ALLSOP AUCTION 22ND & 23RD OCTOBER 2025 - UNLESS SOLD PRIOR An opportunity to acquire a residential investment comprising 4 self-contained flats and 1 x 3 bedroom house
- Unit 3 has potential to split into 2 x 1 bedroom flats subject to obtaining the necessary consents
Description
This property is a residential investment opportunity comprising 4 self-contained flats and 1 three-bedroom house, located just 0.3 miles from Edgware Underground Station. The property has a total GIA of 3,420 square feet and is currently generating a passing rent of £48,900 per annum from three of the units. The estimated rental value of the entire property is £100,800 per annum, offering a potential reversionary yield of 8.40%. The property is being sold at a discount to its breakup value and offers potential for further development, including the possibility of splitting one of the units into two one-bedroom flats, subject to obtaining necessary consents. The freehold property also features a communal garden and off-street parking for some of the units.