3 bed Flat For Sale £649,950
Boston Road, Hanwell, London, W7

An investment opportunity in the heart of Hanwell just a stones throw from an array of local amenities. The building was purchased by the current owners in 2020 and was extended to create two new build dwellings in addition to the existing two flats and commercial unit. The commercial unit and the original two flats above have been sold off on long leaseholds with 123 years left unexpired. The two new build properties are demised as a 2 bed ground floor flat with private garden accessed via the rear and a studio flat on the first floor accessed from the main entrance. The properties were finished to a high specification and benefitted from completely new installations and stringent energy saving and fire safety specifications.

The 2 bedroom flat is let to professional tenants generating £1800 per calendar month with 3 local estate agents recently valuing the property at £450,000 to £500,000. The current tenancy runs until December 2024 and the sale would be based on the tenants remaining in situ. The property benefits from integrated Neff/Bosch appliances, new boiler and some furniture which is all included within the sale.

The studio flat occupies the rear first floor of the building and whilst it is an unusual shape it offers good quality accommodation with high ceilings and modern finishes. The flat is let to working tenants at £1150 per calendar month and is fully furnished and benefits from appliances which are also included within the sale. Some architectural drawings have been created to show the potential to add a pitched roof and further habitable space to this property which could mean this flat becomes a larger 1 bedroom flat or even a two bedroom flat depending on the layout (Subject to Planning Permission) which could add significant value.

Please note the photos used within this advert are from before the tenancies began but both properties are still in very good condition having been well maintained by the tenants in occupation.

Viewing are strictly by appointment, please contact our Sales Team for further information.