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Winnington Road, N2

London

£5,450,000

Listed on 15/12/2023

Property details

Bedrooms
4
Type
Detached

Description

Situated on a generous 0.45-acre south-east facing plot, this property presents an exceptional renovation and redevelopment opportunity. With planning consent already granted for the demolition of the existing structure and the construction of a modern mansion spanning approximately 13,000 sq ft, the potential here is significant. The current building, which covers 2,682 sq ft over two levels, is unmodernised and retains a large private garden along with a carriage driveway entrance. Having been in the same family since its inception in 1959, it reflects a unique possibility for a bespoke development tailored to contemporary tastes. Located on one of North London's most sought-after residential streets, close proximity to Hampstead Heath and major transport routes adds further value to this investment. Detailed plans for the prospective new build include leisure facilities within an expansive basement and ample living space designed for entertaining. Interested parties can request further information from our office.

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Investment analysis

(N2 area)
Area Average
£774/sq ft
Avg Rent (weekly)
£558
Avg Yield
2.3%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£800,000 - £1,200,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
15
Average per month
Market Turnover
5%
Properties sold annually

Local Market Trend (N2)

Area prices are falling by -4.0% over the last 12 months
3 year growth: -12.4%
5 year growth: +2.9%
Investment Disclaimer: Analysis based on N2 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

Winnington Road, N2
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Mortgage calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£20,590
Based on a loan of £4,087,500 over 30 years at 4.45% 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.

Stamp duty calculator

Price History

-16.2% since listed
£5,450,000£300,000(-5.2%)
09/01/2025
Current price
£5,750,000£750,000(-11.5%)
15/06/2024
£6,500,000Initial listing
15/12/2023

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