Income-producing flat with loft extension potential near Willesden Junction.
Fully licensed small HMO producing £2,250 pcm
A compact two-bedroom flat currently operated as a fully licensed small HMO, offered with share of freehold and no upper chain. The property generates a rental income of £2,250 PCM, making it immediately income-producing for an investor. Its Victorian shell and period features provide character and scope for improvement.
There is clear value-add potential: lapsed planning (ref. 17/4428) exists to extend into the loft to create an extra bedroom and bathroom, subject to reapplication. The apartment also has a garage and excellent transport links via Willesden Junction (Overground, Bakerloo, national rail), with central London around 20–25 minutes away.
The flat will suit a buy-to-let investor seeking short-term yield and medium-term uplift, or a purchaser prepared to convert it back into a family home. Expect to carry out refurbishment: the kitchen is dated and compact, and general modernisation is needed to maximise value.
Be realistic about location-related considerations: the broader area is classified as deprived with a higher local crime rate. These factors may affect resale premium and lettings profile, but the combination of planning upside, transport access, share of freehold and current income makes this a clear renovation/investment opportunity.
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