Summary - 708 LORDSHIP LANE LONDON N22 5JN
6 bed 6 bath Terraced
Six ensuite studios close to Wood Green tube — operational cashflow asset.
- Six ensuite studios laid out over three floors
- HMO licences in place; 99% occupancy reported
- Current gross rental income £97,200 pa
- Rents include water, gas and electricity (landlord pays)
- 60 ft rear garden; small overall plot
- Newly renovated interiors; modern kitchens and bathrooms
- Solid brick walls assumed uninsulated; potential retrofit costs
- High local crime and area deprivation; council tax above average
A ready-made HMO investment a short walk from Wood Green tube, this Victorian mid-terrace has six ensuite studios across three floors and a long rear garden. It is fully tenanted with ASTs, HMO licences in place and a reported 99% occupancy record — current gross rental income is £97,200 pa.
The building has been newly renovated to a contemporary standard: modern kitchens and bathrooms, double glazing, gas central heating with a Megaflo boiler, high-speed internet and CCTV. Two communal kitchens and shared living space support the six self-contained studios, and the landlord currently bills utilities (water, gas and electricity) within the rent.
Practical considerations are clear: the property sits in a high-crime, deprived area and council tax is above average. The terrace is solid-brick construction with no assumed wall insulation, and some external areas show potential damp risk. The plot is small despite a long rear garden.
For investors this offers an operational, HMO-compliant asset close to transport and local amenities, producing strong headline income. Buyers should factor area crime levels, possible retrofit insulation costs and ongoing maintenance when assessing net yield and management requirements.
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