Summary - B T M PRINT LTD RODWELL PLACE EDGWARE HA8 6JX
7 bed 1 bath Semi-Detached
Freehold multi-unit block near the tube with conversion upside.
Freehold residential investment: 4 flats plus 3-bed house
0.3 miles to Edgware Underground (Northern Line)
Passing rent £48,900pa; ERV c. £100,800pa
Two flats currently vacant; three units producing income
Unit 3 potential to split into 2 x 1-bed flats (consents needed)
Off-street parking for several units; communal rear garden
To be sold at auction; Guide Price £1,200,000+
Local area records higher-than-average crime levels
This freehold investment comprises four self-contained flats and one three-bedroom house arranged over a modern mid-2000s terrace. Located 0.3 miles from Edgware Underground (Northern Line), the development offers off-street parking for several units and a communal rear garden, making it convenient for tenants and easy to manage from a central suburban location.
The asset currently produces a passing rent of £48,900pa, with an estimated rental value of about £100,800pa — indicating clear reversionary income upside if the vacant units are let and rents realigned. Unit 3 also presents planning upside: it may be convertible into two one-bedroom flats, subject to consents, increasing income potential.
Material points to note: two flats are vacant, and three units are tenanted, so immediate income is below ERV. The property will be sold at auction with a Guide Price of £1,200,000+, and the stated reversionary yield is 8.40% based on ERV. The area records higher crime levels than average, which could affect tenant demand and management costs.
Suitability: this is a straightforward buy-to-let portfolio for an investor seeking short-term asset management and medium-term rental growth via re-letting vacant flats and pursuing the Unit 3 conversion. The freehold title and proximity to transport are strengths; realistic budgeting for refurbishment, void periods and active management is advised.
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