88 Hampden Way, Southgate, London N14 5AX

Description

Freehold Vacant 3 Bed House On behalf of Executors 6 Week Completion is conveniently situated approximately 1 mile from Southgate Underground Station (Piccadilly Line) and the popular Ashmole Academy School. PROPERTY Comprising an end of terrace 3 Bed House on ground and first floors. The property includes front and rear gardens, plus a Garage and a gate at the rear which both open onto Brunswick Park.

Accommodation

(measurements to maximum points) Ground Floor Living Room 25'10" × 11'1" Kitchen 12'0” × 6'5” First Floor Bedroom 1 13'6" × 10'0" Bedroom 2 12'3" × 10'8" Bedroom 3 9'6" × 6'4" Bathroom Separate WC 6'6" × 5'10"; GIA Approx. 823sq ft

Location

Located close to the junction with Chase Way in this sought-after residential area and with direct access at the rear to Brunswick Park. Southgate is a popular suburb which lies approximately 8 miles north of central London. The property is conveniently situated approximately 1 mile from Southgate Underground Station (Piccadilly Line) and the popular Ashmole Academy School.

Investment Analysis

Investment Snapshot

Strategy Recommendation

Initial strategy: Commercial Investment. Verify the legal pack, tenancy schedule, title, condition, finance and local market evidence before fixing a maximum bid.

Works Required

Obtain a survey and contractor quotations. Allow for services, compliance, repairs, decoration and any structural, roofing, fit-out, common-parts or development works identified.

Rental & Market Context

Where the auctioneer publishes passing rent, that figure should take priority over HB modelling. Otherwise, HB income/value figures are indicative appraisal ranges and require local verification.

Sold within approximately 5 miles

Check recent HM Land Registry transactions and closely matched commercial or residential comparables for tenure, covenant, size, condition and location.

Potential BRRR Position

Refinance potential depends on lender valuation, lease/title, income covenant, completed condition and stress testing. Commercial and mixed-use assets may require specialist finance.

Flip Analysis

Any resale margin must include SDLT, auction/legal fees, finance, holding costs, professional fees, contingency, selling costs and tax.

Investor Risks & Due Diligence

• Read the complete legal pack and special conditions

• Verify tenure, occupational leases and rent schedule

• Inspect condition and obtain contractor quotations

• Confirm planning/use class and development constraints

• Confirm finance, VAT and insurance position

• Allow for Barnett Ross administration fee and any seller costs in the legal pack

Recommendation

Proceed only where verified total project cost and income support the intended commercial investment strategy with adequate contingency and margin.

Strategy Rating

Commercial Income: ★★★★☆ | Development: ★★★☆☆ | Resale: ★★★☆☆