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Winnington Close, Hampstead Garden Suburb, N2

London

£6,500,000
Listed on 12/07/2024

Property Details

Bedrooms
6
Type
Detached house
Area
4370 sqft

Description

This remarkable property presents a unique opportunity for those looking to invest in a home with significant renovation potential. Located on a highly desirable cul-de-sac in Hampstead Garden Suburb, this residence has been cherished by the same family for over 40 years and now awaits new owners to reimagine its possibilities. Spanning just under half an acre, the expansive lot features beautifully landscaped gardens extending approximately 240 feet, offering ample space for enhancement or development (subject to planning consents). The existing structure encompasses six bedrooms and four bathrooms, along with four reception areas, providing over 4,600 square feet of living space. This generous footprint invites creative reinvention, whether you envision modernizing the current layout or embarking on a more substantial renovation. In addition to its spacious interior, the property includes a large garage and driveway, enhancing its appeal for families and investors alike. The location is not only tranquil but also conveniently situated near local amenities, schools, and parks, which can contribute to increased value over time. This home’s enduring character paired with its extensive grounds offers an exciting canvas for future development or personal customization. For those considering their next move in the property market, this home represents both an investment opportunity and a chance to craft a bespoke living environment tailored to individual tastes.

Investment Analysis

(N2 area)

Above Market Value

This property is priced +88.2% above area average per sq ft

+88.2%
This Property
£1,487/sq ft
Area Average
£790/sq ft
Avg Rent (weekly)
£639
Avg Yield
2.5%

Renovation Potential

Est. Renovation Cost
£650,000 - £1,625,000
10-25% of property value
Target Value
£3,799,212
10% above area average per sq ft
Potential ROI
-53.2%
After renovation
Monthly Sales
17
Average per month
Market Turnover
14%
Properties sold annually

Local Market Trend (N2)

Area prices are falling by +12.8% over the last 12 months
3 year growth: -9.6%
5 year growth: 1.3%
Investment Disclaimer: Analysis based on N2 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Winnington Close, Hampstead Garden Suburb, N2
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