Castles Estate Agents says ..

Property Oracle says ..

This four-bedroom, three-bathroom property located on Findon Road in Edmonton, Enfield, is currently listed for £525,000. The property is described as a semi-detached house and currently functions as an HMO (House of Multiple Occupancy), generating rental income of £4,710 per month. The property’s proximity to Edmonton Green Overground station (0.81km) offers good transport links. Several schools are within reasonable distance; however, the area may not be considered highly desirable. The property itself is in a fair condition, although some cosmetic updates and improvements would enhance its value. Interior photos reveal a reasonably clean, yet slightly dated interior requiring modernisation. The property features a small, somewhat overgrown garden. The listed price is competitive and considered reasonable given the current London property market and the house’s potential as an HMO, however, it might be slightly above the average for comparable non-HMO properties in the area. It’s crucial to view the property in person to obtain a true appraisal of its condition and market value. A full survey is also recommended. The property shows good earning potential for investors as an HMO. The lack of precise plot size data and limited information on the nearby comparable properties hinders an extremely precise valuation. Further investigation into local comparable sales and rental data is recommended to create a definitive value. Buyers should carefully consider all aspects of the property and perform due diligence before making a purchasing decision.

Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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