479 Hornsey Road is a freehold terrace building on a retail parade on Hornsey Road, N19. The building is arranged over basement, ground and upper floors and comprises five lettable units: a ground and basement retail unit, a split-level one-bedroom flat with its own small garden, and three self-contained twobedroom flats. 

The retail unit is let privately to a commercial tenant. The four residential units are let to the London Borough of Haringey under a guaranteed rent scheme, under which income is fixed and is not affected by void periods. 

The council agreements on the residential units have reached the end of their term. They can be renewed on the same guaranteed basis, or the flats can be re-let on the open market, typically at a premium to the current guaranteed rent.