The subject property is situated on the western side of Coolhurst Road; a popular residential turning off Shepherd's Hill. The property is located at the southern end of Coolhurst Road approximately 80m from the junction with Avenue Road & Crescent Road. The Crouch End Clock Tower at the intersections of The Broadway, Park Road and Topsfield Parade is only 550m to the north-east.
Crouch End is one of the most sought after residential areas of North London, which is popular with commuters, professionals and families. The area boasts a wide selection of cafes, pubs, bars, restaurants and high street chain and boutique shops including Waitrose, Gail's Bakery, Marks & Spencer and Boots. The area also boasts a variety of leisure and recreation facilities including: Virgin Active gym, the ArtHouse Cinema, Coolhurst Tennis & Squash Club, Crouch End Cricket Club and Park Road Pools & Fitness amongst others. Queen's Wood, an ancient woodland dating from at least 1600 and now a local nature reserve is circa 700m to the north of the property. Alexandra Park & Palace is approximately 1.3km to the north.
The property has excellent public transport connections. Hornsey Rail Station is 1.62km to the north-east, which provides frequent services into Finsbury Park with journey times of 5 minutes and Moorgate 20 minutes. Crouch Hill London Overground Station is 1.0km to the south-east and Highgate London Underground Station (Northern Line) is only 1.1km to the north-west.
Gross internal area 268.22 sq.m. /2887 sq.ft.
Total income passing p.a.: £59,400
The property comprises a Victorian terraced house which was converted pre 1970s to form three self-contained flats. Further reconfiguration took place in the 1980s to create the four flats that form the existing layout.
The flats were all originally let on Assured Shorthold Tenancies - we understand that the tenants are holding over under agreements that have expired and have periodic tenancies. There is good scope to improve the current rental income significantly.
The property has generally been maintained to a good standard. The internal finishes, specification of the kitchens and bathroom / shower rooms are of a reasonable quality. The outlook from the rear of the property is particularly pleasant, overlooking gardens and Coolhurst Tennis & Squash Club.
In terms of development potential, the property could be retained in its existing arrangement or converted and refurbished to form a number of self-contained flats or reinstated to form a single family dwelling house subject to obtaining the necessary consents.
Freehold For Sale
Service charge: n/a
Local authority: London Borough of Haringey