11 Adjacent 3 Bed 2 Bathroom House in Edgware

Investment or Development Opportunity in Edgware

£2.7 million ONO          Edgware HA8 5ED, North London

Potential to build 30-36 flats.

There is tremendous potential to build into flats and planning permission should not be a problem.
From early estimates it is project that should easily double to triple any invested funds with very little down side risk.
The current rentals will pay the mortgage while planning stage is underway.
Further once plans in place investors can start selling off plan and exchange on 10% hence providing much of the construction cost, further funding can be raised through a development loan.

Development opportunity

* BLOCK OF 11 INVESTMENT PROPERTIES FOR SALE *

* INDIVIDUALLY PRICED BETWEEN £269,950 – £279,950

* SUBSTANTIAL DISCOUNT FOR PURCHASE OF ALL PROPERTIES

* 3 BED HOUSES LET ON ASSURED SHORTHOLD TENANCIES

* GAS CENTRAL HEATING *

* DOUBLE GLAZED *

* APPROX 50′ GARDENS *

* APPROX. HALF A MILE TO EDGWARE AND BURNT OAK TUBE STATIONS *

TYPICAL EXAMPLE No 267

The accommodation comprises with approximate room dimensions:-

ENTRANCE DOOR TO:

HALLWAY
Radiator, stairs to first floor landing, doors to:-

FRONT RECEPTION/BEDROOM THREE 10′ 0 X 9′ 5 (3.05M X 2.87M)
Double glazed window, radiator.

KITCHEN 9′ 4 X 7′ 4 (2.84M X 2.24M)
Range of white wall units,matching base inits with laminated worktops over, inset stainless steel sink unit with cupboard under and mixer taps. plumbed for washing machine, built under oven, gas hob with extractor over, space for fridge/freezer, radiator. Door toLOUNGE 18′ 0 X 11′ 6 (5.49M X 3.51M)
L shaped, coved ceiling, radiator, upvc double rear doors to garden.

DOWNSTAIRS BATHROOM/W.C. 
White suite with panelled bath with shower/mixer taps, pedestal wash hand basin, low level w.c., part tiled walls, tiled floor, extractor fan, radiator.

LANDING 
Access to loft, doors to:-

BEDROOM ONE 13′ 0 X 9′ 6 (3.96M X 2.90M)
Radiator, front aspect double glazed window, coved ceiling.

BEDROOM TWO 9′ 3 X 7′ 9 (2.82M X 2.36M)
Double glazed rear aspect window, radiator.

BATHROOM/W.C.
Panelled bath, pedestal wash hand basin, low level wc.wall mounted gas central heating boiler.

REAR GARDEN
Approx. 50′ paved patio with steps to lawn, close board fencing, shed

PLEASE NOTE: WE ARE INFORMED BY THE OWNER THAT THE PROPERTY IS LET ON AN ASSURED SHORTHOLD TENANCY FOR £1100 PER CALENDAR MONTH UNTIL 22nd APRIL 2013.

DOWNLOAD DETAILS PropVestment – Edgware

info@PropVestment.com

 

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