Summary - Great North Way, London NW4 1PT
2 bed 2 bath Maisonette
Two lettable units with strong income potential — lease length requires caution..
Two separate units: 1-bed maisonette plus self-contained studio annexe
A compact two-unit property in NW4 offering clear rental potential. The first-floor one-bedroom maisonette and self-contained studio annexe are both well-lit with contemporary interiors and separate facilities, designed to let independently. Triple glazing, mains gas heating and off-street parking add practical appeal for tenants.
This is aimed at investors seeking dual-income streams: the owner’s figures suggest potential combined income up to £60,000 per year, subject to letting levels and management costs. Service charge is about £1,200 annually and council tax sits in Band C. EPC D and solid brick walls (likely uninsulated) mean energy efficiency could be improved.
Important constraints: the property is leasehold with approximately 65 years remaining. That limited lease length may restrict mortgage options — some lenders could refuse a mortgage — and will affect resale value unless extended. Crime rates are above average locally; factor this into lettings and insurance costs.
For a buyer prepared to manage lease extension, minor thermal upgrades and professional lettings, the property offers immediate income potential and scope to increase value. Viewings recommended for investors comfortable with leasehold issues and active asset management.
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