Summary - 238A HIGH ROAD WOOD GREEN LONDON N22 8HH
5 bed 1 bath Terraced
Turnkey freehold with immediate income and HMO potential near transport and schools.
Freehold mixed-use building on Wood Green High Road
A mixed-use freehold on Wood Green High Road offering immediate income and HMO upside. The ground-floor commercial unit is occupied by a national tenant, producing circa £30,000 pa, with large basement storage and rear access. Above sits a five-bedroom HMO producing circa £55,200 pa, giving a combined income of about £85,200 pa.
The building is Victorian with period character to the façade and compact upper-floor rooms. It includes a garage and separate rear access, useful for tenant management or storage. The property is offered as an unconditional auction lot (10 December 2025) and suits investors seeking a turn-key income stream on a freehold title.
Material considerations: the area records high crime levels and is classified as deprived, which may affect tenant turnover and management costs. The property description notes dated elements and industrial-style rear access that may require maintenance. Buyers should review the legal pack for full title, tenancy details and completion obligations; the auction requires a 10% deposit and buyers’ administration fee on exchange.
This is a strategic purchase for a cash-ready investor who accepts inner-city management responsibilities and the auction timetable. The existing rental income provides immediate yield, while modest refurbishment or closer management could reduce voids or increase rents over time.
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