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Melrose Avenue, Willesden Green, NW2 - Image 1
Melrose Avenue, Willesden Green, NW2 - Image 2
Melrose Avenue, Willesden Green, NW2 - Image 3
Melrose Avenue, Willesden Green, NW2 - Image 4
Melrose Avenue, Willesden Green, NW2 - Image 5

Melrose Avenue, Willesden Green, NW2

London

£875,000
Listed on 03/08/2025

Property Details

Bedrooms
3
Type
Semi-detached house
Area
1402 sqft

Description

This three-bedroom home offers a unique opportunity for renovation and investment, situated on a tranquil tree-lined street that enhances its charm. The property features a distinct split house layout, providing both front and back access, which contributes to an unusual sense of privacy and space not commonly found in typical homes. Inside, the residence has been thoughtfully updated while still allowing for further enhancements. The upper floor includes two well-lit bedrooms alongside a modern family bathroom, with the added potential of transforming the generous loft space into additional living or storage areas—subject to necessary planning permissions. On the ground floor, the standout feature is undoubtedly the open-plan rear extension. This versatile area seamlessly connects to the private garden, making it ideal for entertaining guests or enjoying quiet moments outdoors. Additionally, there is a third bedroom on this level that can serve as a guest room or home office. The location is another noteworthy aspect of this property. It is conveniently located within walking distance of Willesden Green station (Jubilee Line), offering quick access to central London and making it attractive for commuters. The surrounding neighborhood boasts an array of local cafes, brunch spots, and wine shops, ensuring that everyday needs are easily met. Just down the road lies Gladstone Park, providing ample green space for leisurely strolls, jogging routes, or family picnics during warmer months. With its combination of charm, substantial living space, and potential for further development, this home presents an excellent investment opportunity in a desirable area.

Investment Analysis

(NW2 area)

Below Market Value

This property is priced -3.2% below area average per sq ft

-3.2%
Potential saving
This Property
£624/sq ft
Area Average
£645/sq ft
Avg Rent (weekly)
£481
Avg Yield
4.1%

Renovation Potential

Est. Renovation Cost
£87,500 - £218,750
10-25% of property value
Target Value
£994,719
10% above area average per sq ft
Potential ROI
-9.1%
After renovation
Monthly Sales
18
Average per month
Market Turnover
9%
Properties sold annually

Local Market Trend (NW2)

Area prices are rising by +8.5% over the last 12 months
3 year growth: -4.3%
5 year growth: 13.1%
Investment Disclaimer: Analysis based on NW2 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

Melrose Avenue, Willesden Green, NW2
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