House For Sale £1,450,000
Overview
Wanted - Experienced Investors Looking For A Versatile Property With Bags Of Potential. This impressive 15 bedroom property has just had a high quality refurb. It’s now the ideal blank canvas to create a hands-free, cashflowing business.
Exactly how you make the most of this large property is up to you. It certainly gives you plenty of options.
Unlike many large properties with ‘potential’ you don’t have to go back to bare brick with this one. The hard work, hassle and expense of getting it to a fantastic standard has already been done for you.
With 13 bedrooms in the main house and two in the outbuilding, this versatile property could be a boutique B&B.
If you went down the B&B route the two ground floor kitchens would help with the ‘Breakfast’ side of the business.
Elsewhere on the ground floor there’s a reception room, two w/c’s with showers, and four bedrooms (two with ensuite shower rooms).
If you were to run it as Serviced Accommodation rather than a B&B you wouldn't need the kitchens or reception room. With that in mind, you could reconfigure the ground floor to create more bedrooms or add ensuites to what’s already there.
If you chose to operate the property as an HMO instead, the two bedrooms without ensuites would have use of the two ground floor w/c’s.
If you’re thinking of going down the HMO route you’d need to speak to the council and make sure you satisfied their licensing conditions.
The first floor has seven bedrooms and two shower rooms. There are another two large double bedrooms - both with ensuites - on the second floor.
Step into the enclosed garden and you could be in the Balearics rather than Barnet. The garden, with its palm tree centrepiece, has a cool Mediterranean feel, perfect for summer socialising.
You access the outbuilding, which has a further two double bedrooms and a shared bathroom, from the garden.
The property also has planning for conversion into 4 flats. The flats could generate a rental income as single lets. And it would certainly need less day to day management than an HMO, B&B or Serviced Accommodation. Or you could split the titles and sell the flats as individual units.
The property is less than 15 minutes walk to the shops, restaurants and cafes on bustling Hale Lane. That’s also where you could pick up the tube from Edgware station, taking you into central London on the Northern Line in less than half an hour.
Such a large, unique property is not going to be to every investor’s tastes.
But if you’re experienced in setting up larger HMO’s or running serviced accommodation with multiple units, this could be a perfect addition to your portfolio.
And if you’re looking for somewhere to create a boutique B&B from scratch there’s plenty of potential on offer here.
Open House
Saturday 26th February 2022
Secure your viewing slot now. | Council tax band: F
Wanted - Experienced Investors Looking For A Versatile Property With Bags Of Potential. This impressive 15 bedroom property has just had a high quality refurb. It’s now the ideal blank canvas to create a hands-free, cashflowing business.
Exactly how you make the most of this large property is up to you. It certainly gives you plenty of options.
Unlike many large properties with ‘potential’ you don’t have to go back to bare brick with this one. The hard work, hassle and expense of getting it to a fantastic standard has already been done for you.
With 13 bedrooms in the main house and two in the outbuilding, this versatile property could be a boutique B&B.
If you went down the B&B route the two ground floor kitchens would help with the ‘Breakfast’ side of the business.
Elsewhere on the ground floor there’s a reception room, two w/c’s with showers, and four bedrooms (two with ensuite shower rooms).
If you were to run it as Serviced Accommodation rather than a B&B you wouldn't need the kitchens or reception room. With that in mind, you could reconfigure the ground floor to create more bedrooms or add ensuites to what’s already there.
If you chose to operate the property as an HMO instead, the two bedrooms without ensuites would have use of the two ground floor w/c’s.
If you’re thinking of going down the HMO route you’d need to speak to the council and make sure you satisfied their licensing conditions.
The first floor has seven bedrooms and two shower rooms. There are another two large double bedrooms - both with ensuites - on the second floor.
Step into the enclosed garden and you could be in the Balearics rather than Barnet. The garden, with its palm tree centrepiece, has a cool Mediterranean feel, perfect for summer socialising.
You access the outbuilding, which has a further two double bedrooms and a shared bathroom, from the garden.
The property also has planning for conversion into 4 flats. The flats could generate a rental income as single lets. And it would certainly need less day to day management than an HMO, B&B or Serviced Accommodation. Or you could split the titles and sell the flats as individual units.
The property is less than 15 minutes walk to the shops, restaurants and cafes on bustling Hale Lane. That’s also where you could pick up the tube from Edgware station, taking you into central London on the Northern Line in less than half an hour.
Such a large, unique property is not going to be to every investor’s tastes.
But if you’re experienced in setting up larger HMO’s or running serviced accommodation with multiple units, this could be a perfect addition to your portfolio.
And if you’re looking for somewhere to create a boutique B&B from scratch there’s plenty of potential on offer here.
Open House
Saturday 26th February 2022
Secure your viewing slot now. | Council tax band: F
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