Fordwych Road, London, NW2
- PROPERTY TYPE
House of Multiple Occupation
- BEDROOMS
8
- SIZE
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- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
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Key features
- HMO Licensing
- Potential to Extend & Reconfigure
- Freehold
- 8 Apartments
- Income Producing
- 2,422 SqFt (NIA)
- Reversionary Potential £147,300
- C4 Use Class
Description
* Opportunity to acquire an underlet freehold block of 8 apartments with existing income, HMO licensing, and significant potential to extend and reconfigure.
LOCATION
* The property is situated on Fordwych Road, the location benefits from proximity to the amenities of West Hampstead and Kilburn High Road.
* Located within the London Borough of Camden, the area offers excellent transport links, the property is approximately a 7-minute walk to Kilburn (Jubilee Line) and a 15-minute walk to West Hampstead (Thameslink) stations, providing rapid access to Central London.
DESCRIPTION
* The property comprises 8 apartments (4 x Studios and 4 x 1-Bedrooms) with a total Net Internal Area (NIA) of 2,422 SqFt.
* Income:
o Current Income, all 8 apartments are let on ASTs: £130,200 per annum.
o Reversionary Potential: Estimated at £137,858 per annum based on current Local Housing Allowance (LHA) rates.
o Reversionary Potential based on private ASTs : £147,300 per annum
* We have been advised that an HMO licence is in place [C4 Use Class].
PLANNING
* Planning was submitted on 13th May 2016, later withdrawn for the "Extension of existing basement to the front and rear to provide 1 2-bed flat, erection of lower ground and ground floor rear extension and merging of 2 studio flats at ground floor level to provide 1 2-bed flat." (Planning Ref. 2016/0309/P)
* The proposed scheme would create 3 reconfigured apartments (combining units and excavating) to provide a total proposed area of 2,187 SqFt (NIA).
* There is also potential to for a loft extension similar to neighbouring properties. (Subject to obtaining necessary consents).
TERMS
* The property is not elect for VAT
* The property is offered Freehold.
* Price On Application
Brochures
Brochure 1- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
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- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
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- GARDENA property has access to an outdoor space, which could be private or shared.
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- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Fordwych Road, London, NW2
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Visit our security centre to find out moreDisclaimer - Property reference FordwychRd. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Di Properties Ltd, London. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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