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3 bedroom terraced house for sale
Green Lanes, Newington Green, London, N16
£990,000
Green Lanes, Newington Green, London, N16
£990,000
Our Summary
- Potential exists for change of use or redevelopment, subject to planning permission
- Investment Highlights:Current gross rental income: £57,300 per annumFreehold tenure with full control over the assetPotential to increase value and rental returns through refurbishment or extension (STPP)Location:Situated in a vibrant Zone 2 location close to the amenities of Newington Green and Stoke Newington
- Development Potential:The property offers considerable scope for development, with the potential for further extension or reconfiguration, subject to obtaining the necessary planning consents
Description
This three-storey freehold property on Green Lanes in Newington Green, N16, offers a unique investment opportunity. The building comprises a large commercial unit on the ground floor, currently let for £16,500 per annum, and two residential apartments above, generating a total annual rental income of approximately £57,300. The property has a freehold tenure, allowing for full control over the asset, and presents potential for increasing value and rental returns through refurbishment or extension, subject to planning permission. The location is vibrant and desirable, with excellent transport links and local amenities, making it an attractive proposition for investors, developers, or owner-occupiers seeking a live/work setup.