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Park Road, London NW4

London

£500,000
Listed on 04/04/2025

Property Details

Bedrooms
2
Type
Detached house
Area
667 sqft

Description

This two-bedroom house in Hendon presents a solid opportunity for renovation and investment. The property, which is freehold, features two well-sized bedrooms and a spacious rear garden that offers potential for landscaping or outdoor enhancements. The driveway adds convenience, allowing for off-street parking. Situated near Park Road, the location boasts excellent connectivity with both Brent Cross Shopping Centre for shopping and dining options, as well as easy access to Hendon Central underground station (Northern Line) and Hendon Thameslink station. This accessibility enhances the property's appeal to commuters and renters alike. With the right vision and updates, this home could be transformed into a modern living space or an attractive rental property. It's being offered chain-free, making it easier for a new owner to begin their renovation project without delay. Overall, this property combines functional living space with promising investment potential in a sought-after area.

Investment Analysis

(NW4 area)

Above Market Value

This property is priced +30.7% above area average per sq ft

+30.7%
This Property
£750/sq ft
Area Average
£573/sq ft
Avg Rent (weekly)
£444
Avg Yield
3.6%

Renovation Potential

Light Refurb
Est. Renovation Cost
£15,000 - £30,000
Target Value
£420,667
10% above area average per sq ft
Potential ROI
-20.6%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
16
Average per month
Market Turnover
5%
Properties sold annually

Local Market Trend (NW4)

Area prices are falling by +8.5% over the last 12 months
3 year growth: -17.1%
5 year growth: 3.2%
Investment Disclaimer: Analysis based on NW4 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

Park Road, London NW4
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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
£1,832
Based on a loan of £375,000 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