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Winnington Close, Hampstead Garden Suburb

London

£6,000,000
Listed on 24/01/2025

Property Details

Bedrooms
6
Type
Detached house
Area
4684 sqft

Description

This spacious detached home, on the market for the first time in over four decades, offers a unique opportunity for renovation and investment. With a total area exceeding 4,600 square feet and situated on a generous plot just shy of half an acre, the property boasts extensive gardens that stretch 240 feet wide. Nestled within one of Hampstead Garden Suburb's most desirable cul-de-sacs, this home features six bedrooms and four bathrooms across its well-proportioned layout. The property includes four reception rooms and a sizable kitchen/dining area, providing ample space for both family living and entertaining. Additional amenities comprise a driveway leading to a large garage, as well as front and rear gardens that present possibilities for landscaping or expansion. The potential for modernization is considerable, allowing new owners the freedom to tailor the home to their specific needs (subject to necessary consents). Furthermore, there has been historical planning approval to demolish the existing structure in favor of constructing a larger residence, making this an enticing prospect for investors looking to capitalize on the area's growth. In summary, this property represents not only a spacious family home but also a canvas for those seeking to create their vision while benefiting from a prime location rich with community amenities.

Investment Analysis

(N2 area)

Above Market Value

This property is priced +62.6% above area average per sq ft

+62.6%
This Property
£1,281/sq ft
Area Average
£788/sq ft
Avg Rent (weekly)
£702
Avg Yield
2.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£250,000 - £400,000
Target Value
£4,059,834
10% above area average per sq ft
Potential ROI
-36.6%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
13
Average per month
Market Turnover
6%
Properties sold annually

Local Market Trend (N2)

Area prices are falling by +18.3% over the last 12 months
3 year growth: -15.1%
5 year growth: -8.6%
Investment Disclaimer: Analysis based on N2 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

Winnington Close, Hampstead Garden Suburb
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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
£21,980
Based on a loan of £4,500,000 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