Fleet Road, Hampstead, London, NW3

Property Details: - Type: Apartment - Bedrooms: 6 - Bathrooms: 2

Agent: ADN Residential -Hampstead Phone: 020 3641 3249

Hampstead NW3 – HMO Investment with Development Potential.<br/><br/>An opportunity to acquire a registered HMO property in the desirable South End Green area of Hampstead. The property occupies a prominent corner position at the junction of Fleet Road and Agincourt Road.<br/><br/>The location offers immediate access to the popular cafés and independent shops of South End Green and is within walking distance of Hampstead Village, Parliament Hill Fields and Hampstead Heath. Excellent transport links are also nearby, making the property attractive for tenants.<br/><br/>Current Investment<br/><br/>Licensed HMO for up to 9 occupants<br/><br/>Currently let to 6 tenants<br/><br/>Annual rental income: £79,820<br/><br/>Potential to increase occupancy and improve rental yield<br/><br/>Development Opportunity<br/><br/>Planning consent was granted by Camden Council in March 2023 (Ref: 2022/3791/P) for the conversion into three self-contained flats, each designed as 2-bedroom, 2-bathroom units. The scheme includes a proposed change of use to C3 residential, subject to freeholder approval.<br/><br/>This provides an opportunity to reposition the asset and realise additional value in one of North London’s most desirable residential areas.<br/><br/>With the combination of strong existing rental income, scope for increased occupancy, and approved development potential, this property presents a compelling investment opportunity in the sought-after NW3 postcode.<br/><br/>