37 Chiltern Gardens, Cricklewood, NW2 1PU Offers in Excess of £1,000,000

A well-performing residential investment comprising two formally consented flats and an unofficial studio, generating a combined gross income of £5,640 pcm (£67,680 per annum).

The property is arranged over three floors. The ground floor two-bedroom flat is currently let at £2,450 pcm. The first floor one-bedroom flat produces £1,840 pcm. The top floor unofficial studio generates a further £1,350 pcm. All three units are occupied by professional tenants on AST agreements, providing stable, day-one income with no void risk on acquisition.

Planning permission for two flats was secured on appeal in 2021. The unofficial studio currently operates outside of that consent, offering a potential avenue for a purchaser to explore regularisation and further strengthen the asset's standing.

To the rear sits an outbuilding suitable for storage, workspace or further exploration. The property also benefits from off-street parking for two vehicles and four allocated bicycle spaces.

Cricklewood station is a seven-minute walk.

Investment Summary

• Ground floor two-bedroom flat — £2,450 pcm

• First floor one-bedroom flat — £1,840 pcm

• Top floor studio (unofficial) — £1,350 pcm

• Combined gross income — £5,640 pcm / £67,680 per annum

• All units let on AST agreements to professional tenants

• Planning permission secured on appeal (2021) for two flats

• Outbuilding to the rear

• Off-street parking for two vehicles

• Four allocated bicycle spaces

• Seven-minute walk to Cricklewood station