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Newark Way, Hendon - Image 1
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Newark Way, Hendon

London

£675,000
Listed on 25/08/2024

Property Details

Bedrooms
3
Type
Semi-detached house
Area
914 sqft

Description

This three-bedroom semi-detached family home offers a bright and spacious layout, making it an appealing option for those looking to invest in a property with significant renovation potential. The house features two reception rooms, providing ample space for both relaxation and entertainment. Two of the bedrooms are generously sized, allowing for comfortable living arrangements or the possibility of reconfiguring the space to create additional bedrooms or offices to suit your needs. With planning permission potentially obtainable (subject to planning permission), there is room to extend the living space further, enhancing both comfort and value. The property is conveniently located within walking distance of Hendon Underground Station, ensuring easy access to transportation links and a variety of local amenities. This desirable location not only enhances everyday convenience but also positions the property well for future appreciation in value. Being offered chain-free simplifies the purchasing process, making this home an excellent opportunity for both first-time buyers and investors alike. Each interested party is encouraged to conduct their own investigations into the property's features and condition to fully appreciate its potential.

Investment Analysis

(NW4 area)

Above Market Value

This property is priced +27.8% above area average per sq ft

+27.8%
This Property
£739/sq ft
Area Average
£578/sq ft
Avg Rent (weekly)
£495
Avg Yield
3.9%

Renovation Potential

Est. Renovation Cost
£67,500 - £168,750
10-25% of property value
Target Value
£580,870
10% above area average per sq ft
Potential ROI
-31.2%
After renovation
Monthly Sales
12
Average per month
Market Turnover
7%
Properties sold annually

Local Market Trend (NW4)

Area prices are falling by +12.2% over the last 12 months
3 year growth: -17.9%
5 year growth: 10.2%
Investment Disclaimer: Analysis based on NW4 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

Newark Way, Hendon
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