£1,350,000
5 bed terraced house for saleFinchley Road, London NW3
5 beds
3 baths
EPC Rating: D
About this property
Prime Finchley Road freehold in high-visibility NW3 location
Established licensed HMO with proven rental history
Close to escp providing consistent stream of affluent student tenants, as well as other colleges
Bcom located directly on Finchley Road.
Excellent transport links (Jubilee & Metropolitan lines nearby).
Mixed-use configuration - retail plus residential income angles.
Planning history for rear extension (value-add precedent).
Potential to extend into loft/roof space (subject to planning).
Immediate income potential with long-term asset management upside.
Finchley Road (A41), West Hampstead, NW3
A rare opportunity to acquire a prime NW3 freehold mixed-use building in a highly sought-after West Hampstead location, just a few buildings from escp Business School.
The property comprises a licensed 5-bedroom HMO producing £58,800 per annum, a vacant ground floor commercial unit with strong rental potential, rear vehicular access and yard, and lapsed planning for an additional two-storey 1-bedroom unit.
This is a proven income-producing asset with clear scope to enhance returns and is ideal for an investor or owner-occupier, with the benefit of workshop / office / surgery space and on-site parking via rear access.
Residential income – £58,800 P.A.
The upper parts comprise a self-contained 5-bedroom licensed HMO, fully occupied until April/May and generating £4,900 pcm (£58,800 per annum). The property benefits from sustained demand due to its immediate proximity to escp Business School, attracting European postgraduate students and young professionals. This is a resilient micro-location with strong tenant turnover cycles and repeat demand.
Commercial upside – vacant shop
The ground floor retail unit is offered with vacant possession and is configured as a front retail area, kitchen, shower room & WC, and two rear rooms. Rear vehicular access and yard provide additional operational flexibility. Given its prominent position on the busy A41, the unit offers strong letting potential to a range of occupiers (subject to consents). Estimated rental value in line with comparable Finchley Road units presents a significant opportunity to increase total income.
Income potential
Current income (residential only): £58,800 p.a. Once the commercial unit is let at market levels, total income has the potential to reach approximately £90,000+ per annum (subject to letting terms), materially enhancing yield.
Development potential
The property previously benefitted from planning consent for a two-storey rear extension to create an additional 1-bedroom unit. Although lapsed, this offers the opportunity (subject to renewal) to add further rental income, increase overall asset value and improve site density.
Location – prime west hampstead
Situated on the highly trafficked Finchley Road (A41) in the heart of West Hampstead, a few buildings from escp Business School and close to West Hampstead & Finchley Road stations. The area benefits from strong footfall and passing traffic, an established retail parade, Fortune Green open space nearby and excellent local amenities.
NW3 freeholds in this configuration are rarely available.
Tenure: Freehold
Tax council band: E
Local authority: Camden
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