>
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
- Unit 3 has potential to split into 2 x 1 bedroom flats subject to obtaining the necessary consents
Description
This is a rare opportunity to acquire a freehold residential investment property comprising 4 self-contained flats and 1 three-bedroom house, located just 0.3 miles from Edgware Underground Station. The property has a total gross internal area 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 reversionary yield of 8.40%. The property has a communal garden to the rear and off-street parking for some units, with potential to split one of the units into two one-bedroom flats subject to obtaining necessary consents. The guide price is £1,200,000, which represents a low capital value of £351 per square foot and offers a discount to the breakup value.