Flats 1-10, 274a High Road, Wood Green, London N22 8JT

Description

Residential investment opportunity comprising 10 self-contained flats, conveniently located for Wood Green underground station. All units let and current rent producing £136,811.28 per annum. By order of the Fixed Charge Receivers.

Accommodation

As per the Tenancy Schedule; comprising 10 self-contained flats.

Location

Situated in the heart of Wood Green, with shops, cafés, restaurants and everyday amenities on the High Road. The area benefits from numerous bus routes and access to The Mall Wood Green, schools, parks and recreational facilities. Wood Green Underground Station is nearby, with Alexandra Palace and Bowes Park railway stations also within easy reach.

Tenure / Property Information

Investment Analysis

No completed sales, external rental comparables or formal HB GDV are supplied. The £1,200,000 figure is an auction guide only and should not be treated as a market valuation. The stated current rent of £136,811.28 per annum equates to approximately £11,400.94 per month and produces a gross yield of approximately 11.40% against the guide, before costs, tax and finance.

Investment Snapshot

Strategy Recommendation

Potential income-focused hold, subject to verification of the tenancy schedule, rent payments, lease terms, title, service-charge obligations and all auction special conditions. Do not bid above a separately supported valuation after including unspecified buyer fees and possible VAT.

Works Required

No refurbishment works are evidenced. Undertake legal, tenancy, rent-roll, title, lease and building due diligence rather than assuming a works budget.

Rental & Market Context

Potential BRRR Position

A BRRR assessment cannot be completed because no GDV, refurbishment allowance, buyer costs or refinance terms are supplied. The property has stated rental income, but the post-acquisition value and refinance proceeds are unsupported.

Buy-to-Let Analysis

The reported current rent is £136,811.28 per annum, implying approximately 11.40% gross yield on the £1,200,000 guide. This is based on stated current rent, not independently verified achieved market rent, and excludes buyer fees, VAT if applicable, operating costs, finance, tax and any voids or arrears. The tenancy schedule and individual tenancy terms should be reviewed before relying on the income.

Flip Analysis

A flip analysis cannot be supported because there are no completed sales comparables, GDV, works allowance or selling-cost allowance. The evidence describes an income-producing block rather than a refurbishment opportunity.

Investor Risks & Due Diligence

• The stated rent is not independently supported by a tenancy schedule, rent account or external rental comparables.

• Buyer fee amount is unspecified and VAT may apply; other seller charges may also arise under the Special Conditions of Sale.

• The 10 individual leasehold interests and their tenancy, service-charge and management arrangements require legal and financial verification.

• No formal market value, GDV or refurbishment assessment is supplied.

• The property is being sold by Fixed Charge Receivers, so the auction legal pack and special conditions require particular scrutiny.

Recommendation

Potential income-focused hold, subject to verification of the tenancy schedule, rent payments, lease terms, title, service-charge obligations and all auction special conditions. Do not bid above a separately supported valuation after including unspecified buyer fees and possible VAT.

Strategy Rating

Analysis Confidence

The current annual rent, guide price, occupancy statement, unit count and lease term are supplied, but there are no completed comparables, formal GDV, works budget, tenancy schedule, EPC data or specified buyer/admin fees.