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See how verdicts work2-bedroom house · N9 9JY
Listing removedListed 245 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
**investors sought** Homelink are delighted to offer for sale this extended and well presented property that has been converted into two 1 bedroom flats thereby brining in two rental incomes.
The ground floor flat has been extended to the rear providing a larger bedroom and kitchen/diner in addition to the large lounge and tiled bathroom.
Also on the ground floor, there is understairs storage currently being used as a home office.
Further benefits include, direct access to rear garden with brick built shed, and one off street parking space.
Upon entering the first floor flat through it's own side door, you have a utility area on the ground level, double bedroom, spacious lounge and kitchen diner with tiled bathroom suite.
Other benefits include, small garden with brick built shed and off street parking. Both flats have gas central heating, double glazing and laminate flooring.
Located just off Little Bury Street, the property offers great transport and road links, viewing is highly recommended as this property offer potential to extend into the loft (STPP) offering scope to get higher rents.
Both tenants are willing to stay and increase their rents by 20-25%.
Tenure: Freehold gf Flat - EPC C - Enfield C/Tax Band 'C' ff Flat - EPC C - Enfield C/Tax Band 'C' To arrange a viewing, call and speak to Sheikh in the sales dept.
Most tenancies are rolling over and rents could be improved.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
Short-let restrictions apply
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
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FAQ
About 16, Ramscroft Close, Edmonton
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