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Selvage Lane, London

London

£1,145,000
Listed on 27/09/2025

Property Details

Bedrooms
5
Type
Detached house
Area
1625 sqft

Description

This five-bedroom detached home is situated on a generous corner plot in the sought-after Mill Hill area, presenting an exceptional opportunity for renovation or redevelopment (subject to planning permission). The property features a layout that maximizes space and functionality, making it an ideal candidate for those looking to invest and customize. The ground floor includes a welcoming entrance porch that leads into a versatile TV room, a separate reception area, and a kitchen that connects seamlessly to the dining space. A significant highlight is the ground-floor double bedroom complete with an en-suite bathroom, offering convenience for guests or family members. Additionally, a utility room provides extra storage and laundry capabilities. On the upper level, you’ll find three more bedrooms—two generously sized doubles and two smaller rooms. One of the doubles includes an en-suite shower unit, while one of the smaller rooms is fitted with a study/dressing area. The spacious landing has potential for conversion into additional living space or even a loft extension (subject to planning). Outside, the property boasts well-maintained gardens that ensure privacy and serenity. A detached garage complements the gated driveway, providing ample parking options. With multiple access points across this expansive plot, there’s significant potential for further development or landscaping enhancements. Given its strategic location in Mill Hill and the promising scope for transformation, this property represents an enticing investment opportunity for those seeking to create a personalized family home or capitalize on its development possibilities. Early viewings are encouraged to explore how you can bring your vision to life in this unique setting.

Investment Analysis

(NW7 area)

Above Market Value

This property is priced +11.6% above area average per sq ft

+11.6%
This Property
£705/sq ft
Area Average
£632/sq ft
Avg Rent (weekly)
£547
Avg Yield
3.9%

Renovation Potential

Est. Renovation Cost
£114,500 - £286,250
10-25% of property value
Target Value
£1,128,896
10% above area average per sq ft
Potential ROI
-21.1%
After renovation
Monthly Sales
15
Average per month
Market Turnover
6%
Properties sold annually

Local Market Trend (NW7)

Area prices are falling by +6.3% over the last 12 months
3 year growth: 7.2%
5 year growth: 3.0%
Investment Disclaimer: Analysis based on NW7 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

Selvage Lane, London
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