Boundary Road, Haringey, N22

This mid terrace Victorian property in Haringey offers an excellent HMO investment opportunity. Comprising six ensuite studios, a large communal kitchen/diner, and a 40 ft courtyard garden. It has been finished to a high standard and is in excellent condition.

PROPERTY DESCRIPTION

The property is located on a pleasant tree-lined street close to the town centre and many amenities on Green Lanes. Set over three floors (including a converted loft) it has two studios and a shared kitchen/diner on the ground floor, three studios on the first floor, and one studio on the second (loft) floor. The property is part of a portfolio of ten similar properties which are also for sale.

GROUND FLOOR
An enclosed porch leads into a long hallway with doors to Studios 1 and 2.

Studio 1 - Measuring 14’8” by 13’5” this comprises a large studio room with a southwest facing bay window, a kitchenette along one wall, and an en suite shower room.

Studio 2 – This comprises a studio room measuring 11’8” by 11’ with a kitchenette and window with a partial garden view, and an en suite shower room.

Kitchen - The communal kitchen at the rear of the property extends to over 21ft and is well-equipped with a smart fitted kitchen and range of integrated appliances including two sinks, two hobs, and two ovens. The end of the room, which has two windows and a glazed door that opens into the paved courtyard garden, is a pleasant space with a dining table. There’s also a shared WC off the kitchen.

FIRST FLOOR
All three studios on this floor are accessed directly from the landing.

Studio 3 - At the quiet rear off the property, this unit has a large studio room (14’5” by 11’7”) and generously sized shower room with two windows and a corner shower.

Studio 4 - Situated in the middle of the first floor, Studio 4 comprises a 12ft by 11ft room with a kitchenette and has an en suite shower room.

Studio 5 - The largest unit in the property, Studio 5 measures 17’3” by 14’8” and has two southeast-facing windows, one of which is a large bay. It has a kitchenette along one wall and an en suite shower room.

SECOND (LOFT) FLOOR
Studio 6 – Occupying the whole of the top floor of the property, Studio 6 has good natural light thanks to two Velux windows and a third window with garden views. It measures 16’7” by 14’4” with a fitted kitchenette along one wall and an en suite shower room with a corner shower.

OUTSIDE
Set back behind a paved front garden with a low wall, the house has a decorative stone-effect façade which complements the neighboring brick and render properties. The 40ft rear courtyard garden is completely paved, facilitating year-round use.

GENERAL
The property has been finished to a high standard, with mainly white and neutral décor, grey carpet on the stairs and wood laminate flooring elsewhere. The kitchen and bathroom fixtures and fittings are stylish and contemporary. The windows are double glazed and fitted with white venetian blinds, and the property has gas central heating throughout with a Megaflo boiler, high speed internet, and CCTV.

The property has a 99% occupancy record, and all six bedsits are tenanted with ASTs and HMO licences in place. The rents include water, gas and electricity which are paid by the landlord. The current gross rental income is £99,600 pa. Based on the asking price of £1.2m this represents a yield of 8.02% after utility bills.

LOCAL LIFE

Transport connections are excellent, with Turnpike Lane tube station 0.4m away and Wood Green tube station 0.8 miles away. Both are on the Piccadilly Line.

The property is close to a wide selection of shops and services in the town centre of Wood Green, with shopping parade 0.3 miles away and The Mall Wood Green 0.8 miles away.

Belmont Recreation Ground is a mere one minute walk away and the property is also close to Downhills Park and Lordship Recreation Ground.