Property Details

4 bedroom terraced house for sale For Sale

Moorlands Avenue, Mill Hill, London Borough of Barnet, London, Greater London, England, NW7 2DF, United Kingdom

£575,000

ROI = 95% BMV = 15.28%

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Description

OPEN HOUSE ON SATURDAY 1ST FEBRUARY 2025! REGISTER NOW FOR ACCESS. Investment Opportunity: Spacious 4-Bedroom HMO on Moorlands Avenue, Mill Hill This 4-bedroom licensed HMO, located in the desirable town of Mill Hill, offers approximately 1,400 sq. ft. of potential-packed living space. Priced to sell and potential to add value through updating, this property is an excellent investment opportunity for those looking to maximise rental income or create a modern home. Why Choose This Property? Higher Rental Yields As reported by the National Residential Landlords Association (NRLA), HMOs typically deliver up to 30% higher rental yields than traditional single-let properties. Renting individual rooms can significantly boost income, making this property an attractive option for investors. Prime Location with Excellent Transport Links Moorlands Avenue benefits from easy access to two key transport hubs: - Mill Hill Broadway Station (Overground): Just 0.9 miles away, offering fast connections to central London and beyond. - Mill Hill East Station (Northern Line, Underground): Providing convenient links to the London Underground network, making commuting simple and efficient. Lifestyle in Mill Hill Mill Hill combines the charm of a leafy, suburban village with the convenience of city living. As highlighted by The Evening Standard, Mill Hill is highly sought after for its vibrant community, excellent schools, and ample green spaces. The area is home to: - Copthall Playing Fields and Arrandene Open Space: Perfect for outdoor activities like jogging, dog walking, or simply enjoying nature. - Mill Hill Village: A charming historic area with boutique shops, cafés, and pubs that cater to locals and visitors alike. - The Broadway: A bustling high street with a variety of restaurants, supermarkets, and essential amenities. Whether you're a professional, student, or family, Mill Hill offers something for everyone, balancing peaceful surroundings with urban conveniences. Strong Rental Demand According to the Office for National Statistics (ONS), demand for shared housing remains high in London, particularly in well-connected area like Mill Hill. Its appeal to students, young professionals, and commuters ensures steady rental income and minimal void periods. Capital Growth Potential Halifax’s UK House Price Index reports consistent property price increases in Mill Hill, with average growth of 29.6% over the last five years. This steady appreciation highlights the area’s enduring desirability and strong return on investment. Diversified Income Risk The Chartered Institute of Housing (CIH) underscores the advantage of HMOs in spreading rental income risk. With multiple tenants, you’re less likely to face full income loss, making this property a resilient investment. Your Opportunity Awaits A 4-bedroom HMO in this sought-after location offers the perfect combination of higher rental yields, strong tenant demand, and the chance to add significant value. Whether you're looking to expand your portfolio or make a smart first investment, this property in Mill Hill is not to be missed. Contact us today to arrange a viewing and secure your foothold in one of North London's most desirable areas! - Property Ref : 2151.

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