2 × 1-bed flat · UB6 8RQ
Listing removedListed 167 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A prominent freehold semi-commercial investment for sale in the heart of Greenford, benefiting from planning permission for a two-storey rear extension to create a 1-bedroom flat on the first and second floors (rear) With Rental income The property currently comprises a ground floor commercial shop with land and studio flat to the rear, with planning permission granted to extend the ground floor commercial unit and to construct a 1-bedroom flat over the first and second floors at the rear.
The commercial unit is currently let to a tenant on a 10-year lease since 19/02/2016 for 10 years expiring on 19/02/2026.
The tenant has expressed interest in renewing the lease, which is currently under negotiation, with a proposed premium of £25,000 + VAT for the new lease.
The proposed rear flat has an estimated rental income of approximately £1,100 per month, offering strong additional income potential.
The property is chain free and presents a solid investment opportunity in a growing area.
The freehold also benefits from ground rent income of £600 per annum from the front upstairs flat, which has been sold on a long lease.
Please note: The front upstairs flat is not included in the sale, as it has already been sold on a long lease.
The entrance staircase leading to the rear development/flat is included within the sale, which will provide access to the proposed residential unit in accordance with the granted planning permission.
Location: Situated conveniently within easy reach of local amenities, parks, restaurants, supermarkets, and takeaways.
Not to be missed Unique opportunity – Early viewings are highly recommended To arrange a viewing, or for any questions, contact Star Estate Agents.
Value & comps
No previous sales on record.
Returns
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We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
FAQ
About 418 - 422 Greenford Road, Greenford
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