9-bedroom terraced house · N10 2HX
For saleReduced £1500k (−50%) on 21 JunListed 300 days
Opportunity summary
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About
Freehold Development Opportunity – Pembroke Road, Muswell Hill, London N10 2HX Site & Opportunity A rare freehold site of approximately 0.32 acres (0.13 hectares / ~1,282 m2) in an affluent North London suburb.
The offering comprises: Existing mid‐terrace house (9 bedrooms) with Gross Internal Area (gia) of approx. 197.88 m2 (2,130 ft2).
Planning permission (implemented) for the demolition of the building and the erection of three new two‐storey three‐bedroom houses (gia approx. 300 m2 / 3,229 ft2) on the rear portion of the site.
The site also includes gardens, a greenhouse and a separate brick‐built workshop/storage building, with access from both Pembroke Road and Hampden Road.
Planning & Development Status Permissions under references 15/02182/ful & 17/5028/S73 have been granted and implemented for the three‐house scheme.
A Community Infrastructure Levy (cil) payment of £6,198.58 has been made in relation to the scheme.
The existing house offers further potential: It could be refurbished or converted into an HMO or self‐contained flats (subject to obtaining the necessary consents).
Detailed Breakdown ItemArea (sq m)Area (sq ft)Description / CommentsExisting House – 53 Pembroke Road197.882,129Not required to be demolished as part of the new scheme.
Mid‐terrace house with ground, first and second floors.
Existing Rear Storage/Workshop Building~80~861To be demolished under the proposed scheme.Existing Rear Greenhouse Building~225~2,421To be demolished under the proposed scheme.Proposed House 1~100~1,076End‐terrace.
Ground floor: Kitchen/breakfast room, hall, utility, WC, living room. First floor: 3 bedrooms (one ensuite), family bathroom.Proposed House 2~100~1,076Mid‐terrace.
Same ground & first floor layout as above.Proposed House 3~100~1,076End‐terrace. Same specification as House 1/2.
Location The property sits on the west side of Pembroke Road, between Hampden Road and Roman Road, in the northern part of Muswell Hill / near Friern Barnet - approx.
6.5 miles north of Central London. Excellent transport links: New Southgate station approx. 0.7 miles away. Bounds Green station (Piccadilly Line) approx. 1 mile away - ~25 minutes to Central London.
The area enjoys a wide range of amenities (chain & independent shops, restaurants, leisure) which supports strong residential demand.
Tenure & Services Tenure: Freehold, to be sold with full vacant possession on completion.
Services: It is understood that mains water, electricity, gas and drainage are provided; however, purchasers should verify adequacy for any proposed development.
Legal Costs: Both parties to bear their own costs (if applicable). Local Authority London Borough of Barnet - note that this area of Muswell Hill borders on Haringey; check exact borough demarcation.
Local planning policy is set by the Barnet Local Plan 2021‐2036
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.
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