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Stoke Newington, Hackney, N16 7SD

Asking price £945,000, 10 bedrooms, Terraced, Available
Property history
27 Sep 10Added to site 996 days ago initial price £945,000
Nearest Station:

Rectory Road Rail (0.2 km)

Stoke Newington Rail (0.7 km)

Clapton Rail (0.9 km)

Features:
  • 6 or more Bathrooms
  • Balcony/Patio
  • Basement/Cellar
  • Double Glazing
  • Loft/Attic
  • Near Station, School, Shops
  • Parking: Driveway
  • Rear Garden
Agent’s wording:A fantastic investment opportunity to take freehold ownership of a fully furnished end of terrace victorian property. Rental Yield is excellent. Full plans available on request. All tenants are working professionals - most tenants are older than 1 year on short term agreements.

This property is ideal for investors or landlords wishing to buy a property with a high return on renting each room out. This house is exempt from HMO status as each room has its own private toilet, shower, basins and kitchen unit.

Approved planning permission for the current 7 bedsit/rooms and is occupied with tenants.

An extension at the rear of the property is approved and built. Two additional bedsits have been made to ground floor making the count to 9 bedsits in total. Planning permission for these two additional bedsits have been granted but we are just waiting for a sign off with building control.

Resources have been invested on developing this property to its current condition. Owner is hesitant to sell but in motion because of early retirement.

Room details
This property entails 9 self contained bedsits currently occupied with tenants spread accross 3 storeys. It features a new loft conversion which hosts two bedsits (one with twin velux double glazed skylights)windows. The remaining 7 bedsits are set accross ground, 1st and 2nd floor plus one as an extension behind the property. There is a also a communial kitchen on the rear of the property(ground floor) which all tenants use as to do their laundry.

Each bedsit is fully furnished with its own toilet, en suite shower/ basin, kitchen units, fridge, sink and bedroom furniture. Basement is vacant and again can be converted into a separate flat if required. The basement features a separate entrance at the front of the property and also has a door leading onto the garden.

Room Dimensions
Bedsit 1 3.55m x 2.69m (11' 7" x 8' 9")
Bedsit 2 3.97m x 3.54m (13' x 11' 7")
Bedsit 3 5.22m x 3.93m (17' 1" x 12' 10")
Bedsit 4 3.97m x 3.54m (13' x 11' 7")
Bedsit 5 5.22m x 3.93m (17' 1" x 12' 10")
Bedsit 6 3.46m x 3.92m (11' 4" x 12' 10")
Bedsit 7 3.55m x 3.32m (11' 7" x 10' 10")
Bedsit 8 5.22m x 3.93m (17' 1" x 12' 10")
Bedsit 9 3.46m x 3.92m (11' 4" x 12' 10")

Basement is currently being used as storage. Dimensions are 7.45m x 5.35m. Separate entrance is at front of building plus exit to rear garden.

Structural Information
The majority of the floorboards and joists have been replaced and most of the joists are doubled. Plumbing is brand new. Pipes have been replaced. Electrical and wiring is new. Drainage and sewage pipes are new. New commercial combi boiler plus an additional 300 litre heater tank provides instant hot water and central heating to the whole property. The majority of the walls/ceiling have been built with new partitions and have been constructed with double plaster board. The side and front of the house has had additional support with the aid of galvenised metal mesh. There is an entrance to the basement from the front of the property. All the windows and doors are double glased PVC.

Garden
This property boasts a 60ft garden. Currently used for growing organic vegetables. Patio area can be used for barbeques.

Driveway
There is currently an opportunity for one large vehicle or two small cars to park in the driveway. There is also off street parking.

Local information.
This property is within a few minutes walk from local shops, schools, restaurants, Rectory Road and Stoke Newington Train station and local bus routes with links to central london. There is currently a nursery/play school being developed next door, this will be built adjacent to the side wall of the property and would further support the structure of the property.

Other information
This is just a brief overview of what the property has to offer. Full details and viewings can be available on request. There is no chain on this sale. No time wasters and only serious buyers please.

Marketed by:

HousewebPO Box 122, ROYSTONSG8 8YD

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House prices last updated 1st May 2013

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