Summary - 6 BIRLEY ROAD LONDON N20 0EZ
2 bed 1 bath Maisonette
Freehold maisonette with rental upside and loft conversion potential, sold at online auction..
Freehold included with the maisonette
A rare two-bedroom freehold maisonette in Totteridge/Barnet offering clear rental upside and short-term value-add potential. The first-floor layout includes two double bedrooms, a bright front lounge and a large kitchen opening onto a private balcony. A loft room with loft-conversion potential (STPP) could increase living space and rental yield.
This property benefits from a favourable location: walking distance to Totteridge & Whetstone station (Northern Line), good local shops, parks and several highly rated schools nearby. The maisonette is double-glazed, heated by a mains-gas boiler and sits in a generally affluent area with fast broadband and excellent mobile signal — all attractive features for tenants.
Important considerations: the sale proceeds via online auction/secure sale with terms and conditions applying. Although the freehold is included, the lease for the living accommodation has only 62 years remaining. This is a material issue — many mortgage lenders may refuse lending, which will restrict the pool of buyers or require a substantial premium for cash purchasers or costly lease extension work.
Suited to a cash buyer or investor prepared to manage lease extension and/or add value through permitted works, the property offers immediate rental prospects and upside via conversion or refurbishment. Buyers should factor in auction fees, lease-extension costs, and standard refurbishment to modernise systems or finishes.
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