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4 bed block of flats
New North Road, London N1
£250,000
New North Road, London N1
£250,000
Our Summary
- This property on New North Road, London, offers a low-cost investment opportunity through a lease option with a delayed completion agreement, perfect for buyers seeking flexibility and development potential
- There is substantial development potential, including the opportunity to apply for planning permission for a double rear extension (as precedent on the road has been set) or to create three additional one-bedroom flats, significantly increasing its value and future rental income
- With its prime location and scope for expansion, this property represents an exceptional chance to capitalise on London’s thriving real estate market
Description
This property on New North Road, London, offers a unique investment opportunity through a lease option with a delayed completion agreement. The buyer will pay an initial deposit of £250,000 and cover mortgage payments, managing the property's upkeep, with the option to purchase at a pre-agreed price within 36 months. The property, currently configured as four studio flats, offers a versatile layout with substantial development potential, including the possibility of a double rear extension or creating additional one-bedroom flats. This arrangement provides flexibility and the ability to enhance and develop the property at the buyer's own pace, making it an exceptional chance to capitalize on London's thriving real estate market.