House For Sale £1,250,000
Oyster Properties are delighted to present this unique and Rarely available, Very Large 3 Floor Semi-Detached Edwardian Character Freehold House divided into 5 Self-Contained Rental Flats. Same owners since 1974. Sale due to retirement as Landlord. After continuous lettings since 2006, the house and flats are undergoing redecoration / minor repairs to get them ready for re-letting. Certificates are valid. Some Electrical Remedial work is half complete. It has a Three-Phase Power Supply but single metering. Council Tax and Water Bills are also un-divided. There is an Automatic Fire Detection and Alarm System. Scope to extend above ground floor also exists. There is only one Gas Appliance in the house, a he System Boiler for central heating and hot water. All flats have electric cooking, showers and wash machines. One kitchen is being renewed.
This superb investment property offers a number of options for future owner(s).
• Continuation of Lettings (Under Enfield’s New Licensing Scheme)
The gross monthly rent from the 5 flats with private and working tenants has been nearly £6300 per month (including the cost of Utility Bills and Council Tax within the rents). All flats have access to garden, which offers scope for a Gym, Sun sitting Room, Greenhouse etc.
• Convert into Luxury HMO (Subject to Planning, although Council generally dislikes HMOs )
The House was a registered HMO in 2004 until 2006 when HMO definitions changed. But, if some kitchens are removed, the House can be turned into a Luxury HMO with 9 or more Bedrooms and 5 Bathrooms and a beautiful large garden, bike parking and a gym.
• Formalise the 5 Flats - As the 5 Flats have existed since June 2004, an application for a Certificate of Lawfulness has been submitted to the Council based on all the historic evidence, including the “Deemed Consent” previously notified by Enfield Council.
Flat A - Top Floor - One Bedroom - 507 sq. Ft. - Original Sloped Ceilings
Large Lounge with 2 windows; Fitted Kitchen Diner with Washing Machine and Fridge Freezer; Good size Double Bedroom with freestanding wardrobe and two windows; Internal Hall with storage units. Electric Shower room has Skylight and can be bigger if Hot Water Cylinder is re-located near Boiler on Ground Floor. Loft has Cold Water Tank for Hot Water Cylinder. Laminate and Vinyl flooring.
Flat B - Middle Floor Front – One Bedroom - 454 sq. Ft.- High Ceilings
Bright Flat with huge amount of built-in storage; high windows and high ceilings; Large sitting room; good sized double bedroom and bright Electric Shower Room. Fitted Wardrobe, Laminate Floor and Vinyl Floor. Fitted Kitchen, with Washing Machine, Dishwasher, Built-in Oven & Fridge Freezer. Storage Units built on top of Kitchen Units and on wardrobes and in Lobby.
Flat C - Middle Floor Rear - Studio - 244 sq. Ft. - A Bright & Compact Unit
Good sized Double Bed-Sitting Room with a Free-Standing Wardrobe and Study Table. Lovely White Electric Shower Room, Fitted Electric Kitchen with Top Loading Washing Machine and Cabinet units
Flat D - Ground Floor Front - One Bedroom - 451 sq. Ft. - High Ceilings
Front room provides a fully fitted electric kitchen and spacious Diner and Lounge Room. Back room is a double bedroom with fitted wardrobes and mezzanine storage space over the Lobby & Shower room.
Flat E - Ground Floor Rear - One Bedroom - 449 sq. Ft. - Unusual Layout
Very bright Fitted Electric Kitchen with Breakfast Bar, Washing Machine and Fridge Freezer. Combined Lounge and Dining Space. Vinyl and Laminate Flooring. Very large fully tiled Bathroom with Electric Shower. Storage space in Lobby. Bedroom has Fitted Wardrobes and Dressing Area for Flexible use.
This superb investment property offers a number of options for future owner(s).
• Continuation of Lettings (Under Enfield’s New Licensing Scheme)
The gross monthly rent from the 5 flats with private and working tenants has been nearly £6300 per month (including the cost of Utility Bills and Council Tax within the rents). All flats have access to garden, which offers scope for a Gym, Sun sitting Room, Greenhouse etc.
• Convert into Luxury HMO (Subject to Planning, although Council generally dislikes HMOs )
The House was a registered HMO in 2004 until 2006 when HMO definitions changed. But, if some kitchens are removed, the House can be turned into a Luxury HMO with 9 or more Bedrooms and 5 Bathrooms and a beautiful large garden, bike parking and a gym.
• Formalise the 5 Flats - As the 5 Flats have existed since June 2004, an application for a Certificate of Lawfulness has been submitted to the Council based on all the historic evidence, including the “Deemed Consent” previously notified by Enfield Council.
Flat A - Top Floor - One Bedroom - 507 sq. Ft. - Original Sloped Ceilings
Large Lounge with 2 windows; Fitted Kitchen Diner with Washing Machine and Fridge Freezer; Good size Double Bedroom with freestanding wardrobe and two windows; Internal Hall with storage units. Electric Shower room has Skylight and can be bigger if Hot Water Cylinder is re-located near Boiler on Ground Floor. Loft has Cold Water Tank for Hot Water Cylinder. Laminate and Vinyl flooring.
Flat B - Middle Floor Front – One Bedroom - 454 sq. Ft.- High Ceilings
Bright Flat with huge amount of built-in storage; high windows and high ceilings; Large sitting room; good sized double bedroom and bright Electric Shower Room. Fitted Wardrobe, Laminate Floor and Vinyl Floor. Fitted Kitchen, with Washing Machine, Dishwasher, Built-in Oven & Fridge Freezer. Storage Units built on top of Kitchen Units and on wardrobes and in Lobby.
Flat C - Middle Floor Rear - Studio - 244 sq. Ft. - A Bright & Compact Unit
Good sized Double Bed-Sitting Room with a Free-Standing Wardrobe and Study Table. Lovely White Electric Shower Room, Fitted Electric Kitchen with Top Loading Washing Machine and Cabinet units
Flat D - Ground Floor Front - One Bedroom - 451 sq. Ft. - High Ceilings
Front room provides a fully fitted electric kitchen and spacious Diner and Lounge Room. Back room is a double bedroom with fitted wardrobes and mezzanine storage space over the Lobby & Shower room.
Flat E - Ground Floor Rear - One Bedroom - 449 sq. Ft. - Unusual Layout
Very bright Fitted Electric Kitchen with Breakfast Bar, Washing Machine and Fridge Freezer. Combined Lounge and Dining Space. Vinyl and Laminate Flooring. Very large fully tiled Bathroom with Electric Shower. Storage space in Lobby. Bedroom has Fitted Wardrobes and Dressing Area for Flexible use.
