Pattinsons says ..

Property Oracle says ..

This property on Willesden Lane in Kilburn is a freehold mixed-use building currently operating as seven self-contained studio flats let to a housing association on a 10-year lease. The location offers convenient access to public transport, including the London Overground, making it suitable for both residents and tenants. Several well-regarded primary schools are within close proximity which is a definite advantage for families and future tenants.

The exterior of the building presents a mixed picture; While the structure seems stable and the building is clearly well-established, there are clear signs of wear. A comprehensive survey would be essential to evaluate the structural integrity and the extent of needed renovations. The lack of information regarding the internal layout and condition of the individual flats is a significant factor to consider.

The absence of a garden is a point to note, particularly given that many properties in the area offer outside space. The listed price of £975,000 reflects the potential rental income from the current lease, as well as the freehold ownership. Further due diligence would be needed to ascertain the value for money from the ongoing rental income. The provided comparable properties lack sufficient information regarding square footage to draw definitive conclusions, rendering a precise price-per-square-foot analysis impossible. However, the price appears potentially justifiable in the context of a freehold commercial investment opportunity within a competitive London market.

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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