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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 remarkable detached home, situated on a desirable cul-de-sac in Hampstead Garden Suburb, presents a unique opportunity for new owners to either renovate or redevelop. Boasting over 4,600 square feet of living space and nestled on just under half an acre of land with expansive gardens stretching 240 feet wide, the property's size and layout allow for considerable versatility. Currently featuring six bedrooms and four bathrooms, this residence also includes four reception rooms and a spacious kitchen/diner, making it conducive to family living while offering ample space for entertaining. The large driveway provides convenient off-street parking alongside a generous garage. The front garden complements the property’s curb appeal, while the extensive rear garden offers a blank canvas for landscaping or potential outdoor enhancements. Given its size and location, this property holds significant renovation potential. There is previous planning consent that would have allowed for the complete demolition of the existing structure to make way for a larger home, signaling the possibility for further development (subject to necessary permissions). This presents an exciting opportunity for investors or homeowners looking to create a bespoke living environment tailored to modern preferences. With its prime location in a sought-after area known for its community feel and amenities, this property stands out as a compelling investment opportunity.

Investment Analysis

(N2 area)

Above Market Value

This property is priced +62.1% above area average per sq ft

+62.1%
This Property
£1,281/sq ft
Area Average
£790/sq ft
Avg Rent (weekly)
£639
Avg Yield
2.5%

Renovation Potential

Est. Renovation Cost
£600,000 - £1,500,000
10-25% of property value
Target Value
£4,072,199
10% above area average per sq ft
Potential ROI
-45.7%
After renovation
Monthly Sales
17
Average per month
Market Turnover
14%
Properties sold annually

Local Market Trend (N2)

Area prices are falling by +12.8% over the last 12 months
3 year growth: -9.6%
5 year growth: 1.3%
Investment Disclaimer: Analysis based on N2 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

Winnington Close, Hampstead Garden Suburb
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