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Dollis Hill Avenue, London, NW2 - Image 1
Dollis Hill Avenue, London, NW2 - Image 2
Dollis Hill Avenue, London, NW2 - Image 3
Dollis Hill Avenue, London, NW2 - Image 4
Dollis Hill Avenue, London, NW2 - Image 5

Dollis Hill Avenue, London, NW2

London

£700,000
Listed on 05/02/2024

Property Details

Bedrooms
3
Type
Semi-detached house
Area
1119 sqft

Description

This semi-detached three-bedroom residence presents a unique opportunity for renovation and investment in a desirable residential area near Gladstone Park and Edgware Road. Spanning 1,209 square feet, the property includes off-street parking and a detached garage, adding both convenience and potential value. The ground floor features two distinct reception rooms, providing versatile spaces that could be reimagined to enhance modern living. A galley kitchen, positioned at the rear of the home, opens onto a garden with a sunny aspect—an ideal canvas for those looking to create an inviting outdoor space. Additionally, the first floor boasts three generous double bedrooms alongside a family bathroom, all of which offer ample scope for updates or reconfiguration. Located within walking distance of the newly established Brent Cross West overground station, this property benefits from excellent transport links. Commuting to central London is straightforward, with Kings Cross St Pancras reachable in approximately 15 minutes. This accessibility coupled with the potential for renovations makes this property an appealing prospect for both homeowners and investors alike.

Investment Analysis

(NW2 area)

Below Market Value

This property is priced -2.8% below area average per sq ft

-2.8%
Potential saving
This Property
£626/sq ft
Area Average
£643/sq ft
Avg Rent (weekly)
£476
Avg Yield
4.0%

Renovation Potential

Est. Renovation Cost
£70,000 - £175,000
10-25% of property value
Target Value
£792,023
10% above area average per sq ft
Potential ROI
-9.5%
After renovation
Monthly Sales
32
Average per month
Market Turnover
14%
Properties sold annually

Local Market Trend (NW2)

Area prices are rising by +7.0% over the last 12 months
3 year growth: -4.6%
5 year growth: 12.2%
Investment Disclaimer: Analysis based on NW2 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

Dollis Hill Avenue, London, NW2
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