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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 plot in a prestigious corner of North London, this property presents a unique opportunity for redevelopment. With approved planning consent to replace the existing 2,682 sq ft house built in 1959 with a luxurious new mansion of approximately 13,000 sq ft, the potential is immense. The proposed design includes a basement that could accommodate leisure facilities and extensive living areas tailored for modern lifestyles. The current dwelling, which has remained unrenovated, features considerable outdoor space with a spacious rear garden and is accessible via an attractive carriage driveway. Its location near Hampstead Heath and major transport links offers both convenience and exclusivity. This site stands as one of the last in the area eligible for such ambitious development plans, making it an attractive investment for those looking to make their mark in one of London's most sought-after neighborhoods.

Investment Analysis

(N2 area)
Area Average
£781/sq ft
Avg Rent (weekly)
£564
Avg Yield
2.2%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£1,500,000 - £2,500,000
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
6%
Properties sold annually

Local Market Trend (N2)

Area prices are falling by -10.7% over the last 12 months
3 year growth: -19.4%
5 year growth: -8.0%
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 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£19,303
Based on a loan of £4,087,500 over 30 years at 3.91% 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.

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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