5-bedroom flat · N22 6RS
For saleListed 206 days
Opportunity summary
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About
Located along the vibrant Westbury Avenue, this substantial mixed-use freehold property presents a rare opportunity to acquire a versatile building combining both commercial and residential accommodation within a single title.
The property offers approximately 1,731 sq ft (160.6 sq m) of internal space, creating a versatile and income-producing asset in a well-connected North London location.
Situated within walking distance of Turnpike Lane Underground Station (Piccadilly Line Zone 3) and Hornsey BR providing direct access to London Liverpool Street.
The location also has numerous and regular bus links providing routes to most major parts of London.
THE PROPERTY The ground floor comprises a spacious retail unit with prominent street frontage, currently operating as a well-established and long standing off-licence shop, providing a generous trading area that benefits from good visibility and steady footfall from the surrounding residential neighbourhood.
To the rear of the commercial space, the property continues with additional internal accommodation including a dining room and separate kitchen, offering practical ancillary space that can be used for storage, staff facilities, or residential use depending on the owner’s requirements.
Beyond this, the property enjoys access to a private rear garden, along with a dedicated storage area, creating valuable outdoor and functional space rarely found in mixed-use premises.
The upper floors provide generous residential accommodation, making the property particularly attractive for investors seeking dual income potential or for owner-occupiers wishing to live above their business.
The first floor comprises four well-proportioned bedrooms, arranged around a central landing, and is served by a communal family bathroom as well as a separate W.C, providing convenience for multiple occupants.
Each bedroom offers good natural light and practical living space, making the floor suitable for family occupation or shared residential use.
The accommodation continues onto the second floor, where a further spacious bedroom is located within the loft level, providing additional living space that could function as a principal bedroom, guest room, or private retreat.
In total, the property extends internal space across three levels, offering a flexible layout with excellent potential for both commercial trading and residential living.
With the shop currently in operation and the residential accommodation arranged across the upper floors, the property represents a strong investment opportunity with the possibility of multiple income streams, while also offering scope for future enhancement or reconfiguration subject to the necessary planning permissions.
Positioned within a well-connected and established part of North London, this mixed-use building provides an appealing combination of location, space, and long-term investment potential.
THE LOCATION Westbury Avenue forms part of a popular cluster of streets that run off the Turnpike Lane area.
Lined with trees and Victorian style of houses making the patch a highly desired place to move to. To get around town, you have a host of transport links.
Situated within walking distance of Turnpike Lane Underground Station (Piccadilly Line Zone 3) and Hornsey BR providing direct access to London Liverpool Street.
The location also has numerous and regular bus links providing routes to most major parts of London.
Neighbouring the station is Wood Green High Street, here you have an array of different shops which include a Shopping Mall along with a range of different restaurant’s offering a variety of cuisines.
The exclusive area of Crouch End is within walking distance as well as the iconic Alexandra Palace.
In walking distance is the Green Flag award winning Downhills park, a great place to relax and take a stroll through, offering a fine choice of cafes, walking and biking paths with a mix of open and forest type woodlands along with tennis and other recreational activities.
At the bottom of the Road you will find Ducketts Common, a popular park in the area and home to an array of events through the year.
A great place to spend some time with friends and family if the weather permits! ‘Think…Property Inc’
Value & comps
No previous sales on record.
Returns
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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 Westbury Avenue, London, N22
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