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Avenue Road, NW8

London

£30,000,000
Listed on 09/08/2023

Property Details

Bedrooms
8
Type
Detached house

Description

This unique freehold mansion, available for the first time in six decades, presents a rare opportunity for those seeking a property with significant renovation potential. Set within a generous double-width garden, this neo-Georgian residence offers privacy and spacious living in one of London's most desirable areas. Situated at the intersection of Radlett Place and Avenue Road, directly across from Acacia Road, the property makes an impactful presence on the street. Its substantial dimensions—approximately twice as wide as neighboring homes—boast a total site area of 0.41 acres (0.17 hectares), providing ample space both indoors and outdoors. The accommodation features a master bedroom suite complete with a dressing room and en-suite bathroom, alongside six to seven additional bedrooms serviced by two further bathrooms. The expansive layout includes essential living spaces such as a drawing room, study, dining room, kitchen/breakfast room, and morning room, complemented by functional areas like a utility room and cloakroom. A double garage adds practicality to the property. Located in St John’s Wood—a prestigious locale just ten minutes from Mayfair—the property benefits from its proximity to local amenities while retaining a sense of seclusion within its leafy surroundings. Given its size and layout, this mansion is well-suited for refurbishment or redevelopment; extensive research into potential modifications has already been conducted and can be made available upon request. This property represents an exceptional canvas for those looking to create their ideal home or a lucrative investment in one of London’s most sought-after neighborhoods.

Investment Analysis

(NW8 area)
Area Average
£1,150/sq ft
Avg Rent (weekly)
£1,258
Avg Yield
4.9%

Renovation Potential

Est. Renovation Cost
£3,000,000 - £7,500,000
10-25% of property value
Monthly Sales
14
Average per month
Market Turnover
3%
Properties sold annually

Local Market Trend (NW8)

Area prices are falling by +10.5% over the last 12 months
3 year growth: -15.6%
5 year growth: -3.5%
Investment Disclaimer: Analysis based on NW8 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

Avenue Road, NW8
Map showing location of Avenue Road, NW8
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£30,000,000

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