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Finsbury Park Avenue, London N4

London

£700,000
Listed on 30/03/2024

Property Details

Bedrooms
4
Type
Terraced house
Area
1164 sqft

Description

This spacious four-bedroom townhouse presents a unique opportunity for buyers looking to invest or renovate. Coming onto the market for the first time in over two decades, this property is ripe for modernization and offers a canvas for those with a vision. Inside, you’ll find a kitchen/diner that connects to two expansive reception rooms, providing ample space for family living and entertaining. The large back garden offers potential for landscaping or even extending the living space, subject to planning permissions. With no through road, the location ensures a peaceful environment while maintaining accessibility. Situated conveniently close to Manor House and Harringay Green Lanes stations, the property benefits from excellent transport links as well as bus routes nearby. The bustling Green Lanes area is known for its diverse selection of Turkish and Cypriot dining options, alongside various branded supermarkets and retail stores. Additionally, Finsbury Park, just a short walk away, provides green space for outdoor activities and hosts various music events throughout the year. Offered with no onward chain, this property stands out for its renovation potential and strategic location in an up-and-coming area. Early viewings are encouraged to fully appreciate what this home has to offer in terms of future possibilities.

Investment Analysis

(N4 area)

Below Market Value

This property is priced -25.4% below area average per sq ft

-25.4%
Potential saving
This Property
£601/sq ft
Area Average
£806/sq ft
Avg Rent (weekly)
£532
Avg Yield
4.4%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £80,000
Target Value
£1,031,938
10% above area average per sq ft
Potential ROI
+32.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
46
Average per month
Market Turnover
15%
Properties sold annually

Local Market Trend (N4)

Area prices are falling by +2.4% over the last 12 months
3 year growth: -8.9%
5 year growth: 4.9%
Investment Disclaimer: Analysis based on N4 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. 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

Finsbury Park Avenue, London N4
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£2,564
Based on a loan of £525,000 over 30 years at 4.19% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE