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The Grove, Edgware, HA8

Key features

  • Income-producing Freehold Block
  • Company sale may be considered
  • Excellent Edgware location
  • Further development potential at the rear - subject to necessary consents
  • Built in 2019
  • Fully let on ASTs £126,000 per annum
  • Six self-contained flats
  • Large plot of circa 0.44 acres

Description

An exceptional opportunity presents itself with this income-producing Freehold Block of Apartments located in the sought-after area of Edgware. This newly-built block, completed in 2019, offers not only a current annual income of £126,000 from fully-let Assured Shorthold Tenancies, but also promising further development potential at the rear of the property, subject to obtaining the necessary consents.

Comprising six self-contained flats on a large plot of approximately 0.44 acres, this property boasts a total Nett Internal Area of 4,465 square feet. The layout includes a Basement 3-bedroom flat, two Ground Floor 2-bedroom flats, a First Floor 2-bedroom flat, a First Floor Studio, and a Second/Loft 3-bedroom flat, providing a variety of accommodation options to prospective buyers.

Noteworthy is the property's existing planning consent under the reference 17/1065/ful for the demolition and construction of a new two-storey building with basement and loft rooms to create six flats. Additionally, there is an overage clause in place for any further development on the site, whereby an additional £50,000 per unit is applicable and set to expire in 2031.

The property is securely held within a limited company dedicated solely to this block, offering potential buyers the option to acquire the entire company and enjoy substantial Stamp Duty Land Tax savings. Should the purchaser seek a streamlined acquisition process, this innovative approach could prove advantageous.

Located in the heart of Edgware, this Block of Apartments is strategically positioned to benefit from the area's amenities, transport links, and market demand for rental properties. Investors and developers alike will find this property an attractive prospect, combining immediate rental income with future growth potential.

Contact us today to arrange a viewing and explore the endless possibilities this property holds for your investment portfolio or development aspirations.
COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
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PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
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GARDENA property has access to an outdoor space, which could be private or shared.
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ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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The Grove, Edgware, HA8

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About L&H Residential, Borehamwood

12 Shenley Road, Borehamwood, Hertfordshire, WD6 1DL
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At Laming Hope Residential, we don’t just list homes — we sell them for the best possible price with a smooth, stress-free experience from start to finish.

With years of local expertise and a personal, hands-on approach, we guide you through every step of the selling process with clarity, honesty and full transparency.

✅ Accurate Valuations & Honest Advice

We use in-depth market knowledge and real-time data to provide realistic valuations that achieve maximum value without overpricing.

✅ High-Impact Marketing

Your property will be showcased with:

Professional photography & floorplans

Eye-catching property descriptions

Exposure on major portals (Rightmove, Zoopla, OnTheMarket & more)

Social media promotion and targeted advertising

Our database of qualified buyers

✅ Skilled Negotiation

We don’t just find buyers—we negotiate strategically to secure the highest price with the best terms for you.

✅ Sales Progression & Legal Support

Once an offer is accepted, we manage the entire process to completion, working closely with solicitors, surveyors and buyers to minimise delays.

✅ Personal, Dedicated Service

You won’t be passed between departments. You’ll have a single point of contact who knows your sale inside out and keeps you updated every step of the way.

Our mission is simple:

Sell your property quickly, achieve the best price, and deliver a selling experience that feels effortless.

Let L&H Residential handle the hard work—so you can move forward with confidence.

Your mortgage

Per year
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%
Monthly repayments
£12,541
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Disclaimer - Property reference 477350e3-280e-477e-900f-c37cbc64703c. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by L&H Residential, Borehamwood. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

*This is the average speed from the provider with the fastest broadband package available at this postcode. The average speed displayed is based on the download speeds of at least 50% of customers at peak time (8pm to 10pm). Fibre/cable services at the postcode are subject to availability and may differ between properties within a postcode. Speeds can be affected by a range of technical and environmental factors. The speed at the property may be lower than that listed above. You can check the estimated speed and confirm availability to a property prior to purchasing on the broadband provider's website. Providers may increase charges. The information is provided and maintained by Decision Technologies Limited.
**This is indicative only and based on a 2-person household with multiple devices and simultaneous usage. Broadband performance is affected by multiple factors including number of occupants and devices, simultaneous usage, router range etc. For more information speak to your broadband provider.

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