Roundtree Real Estate says ..

Property Oracle says ..

This property in Hendon, NW4, is a mixed-use freehold investment opportunity encompassing a restaurant and eight studio flats. The building is located on Brent Street near several amenities, including Hendon Central station providing access to the Northern Line. A number of primary and secondary schools are within a short distance, suggesting a family-friendly environment. However, the precise condition of the flats is not clear from the given photograph, and more information is needed to make an informed assessment of their individual quality, refurbishment requirements, and potential rental income. The listing’s major drawback is that it has no garden. The asking price of £1,650,000 needs to be evaluated carefully. While the rental income from the eight flats and the restaurant lease may justify the asking price, an income and expense statement should be examined to verify that this is the case. The fact that comparable flats on Brent Street sell for considerably less suggests that the asking price may be influenced by the restaurant and its secure lease and detailed financial information is required to determine its value.

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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