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Dollis Hill Avenue, London, NW2 - Image 1
Dollis Hill Avenue, London, NW2 - Image 2
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Dollis Hill Avenue, London, NW2

London

£700,000
Listed on 07/02/2024

Property Details

Bedrooms
3
Type
Semi-detached house
Area
1209 sqft

Description

This three-bedroom semi-detached residence presents a unique opportunity for renovation and investment in a tranquil residential area near Gladstone Park and Edgware Road. With 1,209 square feet of living space, the property offers ample room for reconfiguration and modern updates to suit contemporary tastes. The ground floor comprises two reception rooms, providing flexibility for various living arrangements, alongside a convenient downstairs WC. At the rear, a galley kitchen opens directly to a sunny garden, ideal for outdoor relaxation or potential landscaping enhancements. The first floor features three spacious double bedrooms that can be transformed into comfortable retreats, complemented by a family bathroom. Additional benefits include off-street parking and a detached garage, which add value and convenience. Located within walking distance of the newly opened Brent Cross West overground station, commuting to Kings Cross St Pancras takes approximately 15 minutes, enhancing the appeal for future tenants or buyers drawn to this developing area. This property not only offers comfortable living but also significant potential for those looking to invest in a home with room for personal touch and improvement in an increasingly sought-after location.

Investment Analysis

(NW2 area)

Below Market Value

This property is priced -9.1% below area average per sq ft

-9.1%
Potential saving
This Property
£579/sq ft
Area Average
£637/sq ft
Avg Rent (weekly)
£500
Avg Yield
4.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£847,013
10% above area average per sq ft
Potential ROI
+12.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
25
Average per month
Market Turnover
5%
Properties sold annually

Local Market Trend (NW2)

Area prices are stable by +0.9% over the last 12 months
3 year growth: -7.5%
5 year growth: 2.8%
Investment Disclaimer: Analysis based on NW2 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

Dollis Hill Avenue, London, NW2
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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
£2,564
Based on a loan of £525,000 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