Worst House on the Street Logo
Hampstead Garden Suburb N2 - Image 1
Hampstead Garden Suburb N2 - Image 2
Hampstead Garden Suburb N2 - Image 3
Hampstead Garden Suburb N2 - Image 4
Hampstead Garden Suburb N2 - Image 5

Hampstead Garden Suburb N2

London

£6,000,000
Listed on 01/02/2025

Property Details

Bedrooms
6
Type
Detached house
Area
4232 sqft

Description

This property presents a unique opportunity for renovation or redevelopment, having been cherished by the same family for over four decades. Nestled within a prestigious cul-de-sac just off Winnington Road, it boasts an impressive plot of nearly half an acre, characterized by expansive gardens that stretch approximately 240 feet wide. The existing residence comprises six bedrooms and four bathrooms, along with four reception rooms, providing a solid foundation for those looking to customize their living space. The home also features a spacious garage and ample driveway parking, offering over 4,600 square feet of potential living area. Significantly, there has been previous planning consent to replace the current structure with a new mansion potentially spanning around 12,000 square feet. This opens up exciting possibilities for investors or buyers aiming to create a bespoke home tailored to their specific needs while benefiting from the desirable location. With its generous land size and flexible development options, this property is well-positioned to accommodate various visions for future enhancements or complete redevelopment.

Investment Analysis

(N2 area)

Above Market Value

This property is priced +79.4% above area average per sq ft

+79.4%
This Property
£1,418/sq ft
Area Average
£790/sq ft
Avg Rent (weekly)
£639
Avg Yield
2.5%

Renovation Potential

Est. Renovation Cost
£600,000 - £1,500,000
10-25% of property value
Target Value
£3,679,237
10% above area average per sq ft
Potential ROI
-50.9%
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

Hampstead Garden Suburb N2
Map showing location of Hampstead Garden Suburb N2
Open Map