5-bedroom terraced house · N22 5SX
Listing removedListed 277 days
Opportunity summary
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About
This development site in Wood Green, currently home to a corner shop with a flat above, has planning permission for change of use and extension to create 3 residential units - a studio apartment, a one bedroom maisonette, and a three bedroom maisonette.
This 2,409 sq ft site on the corner of Eldon Road and Saxon Road currently has a two storey brick Victorian building with a corner shop, a flat above, and a wraparound walled alley and garden.
Planning permission has been granted for change of use and extension of the existing building to create three apartments: Unit Floor(s) Bedrooms/Beds Area Outdoor Space Apartment 1 Ground Studio/1 double 39.0 sq m 18.5 sq m inc garden Apartment 2 1st & 2nd 1/ 1 double 63.5 sq m area tbc Apartment 3 Grd & 1st 3/ 3 doubles 101.5 sq m 15.0 sq m Apartment 1 Apartment 1 is a studio apartment, located on the ground floor of the corner property, with its own street entrance and a private front door within a walled courtyard that wraps round the corner of the building.
Inside a large open plan studio room with windows on two sides has space for a lounge area, dining zone, and bedroom space. The apartment has a separate kitchen and bathroom.
Apartment 2 This one bedroom maisonette on the first and second floors is accessed via its own front door and hallway up to the first floor where the main open plan living room is located.
This comprises living and dining areas and a fitted kitchen. There’s also a WC on this floor. The double bedroom is on the second floor. This is built into the eaves and has an en suite shower room.
Apartment 3 The three bedroom maisonette also has its own entrance and walled wraparound outdoor space including a garden.
The ground floor is home to a spacious living/dining room with an open plan fitted kitchen and bifold doors that open into the garden, a double bedroom, and a WC.
The first floor has a further tow double bedrooms and a bathroom. The corner situation of the property allows for all apartments to have their own street entrances and front doors.
Apartments 1 and 3 have wraparound walled outdoor space whilst the outdoor area for apartment 2 is a smaller area adjacent to its entrance. Each apartment’s outdoor space has a bin and cycle store.
LOCAL LIFE The apartment is a couple of minutes’ walk from the wide range of local shops along Lordship Lane, and it’s a 10-15 minute walk to the many shops and leisure/entertainment amenities in the town centre of Wood Green.
Wood Green station on the Piccadilly Line is a short walk away (0.7 miles).
There are lots of green spaces in the area, including nearby Chapman’s Green, White Hart Lane Recreation Ground and Lordship Recreation Ground.
MONEY LAUNDERING REGULATIONS Should a purchaser(s) have an offer accepted on a property marketed by Thomas James Estate Agents, they will need to undertake an identification check and asked to provide information on the source and proof of funds.
This is done to meet our obligation under Anti Money Laundering Regulations (AML) and is a legal requirement.
We use a specialist third party service together with an in-house compliance team to verify your information.
The cost of these checks is £25+VAT (£30) per purchaser, which is paid in advance, when an offer is agreed and prior to a sales memorandum being issued.
This charge is non-refundable under any circumstances.
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 Eldon Road, London, N22
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