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Ridge Road, London, NW2 - Image 1
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Ridge Road, London, NW2

London

£599,950
Listed on 22/09/2024

Property Details

Bedrooms
3
Type
Terraced house
Area
527 sqft

Description

This terraced house, located in the desirable Childs Hill area, presents a promising opportunity for renovation and investment. While the property requires modernization, it offers the chance to craft a custom living space that aligns with your vision. The potential to extend at the rear and convert the loft into an additional bedroom and bathroom is available (subject to planning permission), allowing for significant enhancement of both functionality and value. Currently, the home comprises three spacious bedrooms along with a family bathroom. The kitchen offers ample room that could be reimagined into a generous eat-in area, perfect for modern family living. A bright reception area adds to the home's appeal, complemented by a practical guest cloakroom. Outside, both front and rear gardens provide ample space for outdoor enjoyment or potential landscaping projects. This property comes with no onward chain, making it an attractive option for buyers ready to embark on their next renovation project promptly. Positioned in a sought-after neighborhood, this home not only allows for personal customization but also holds strong investment potential through thoughtful upgrades. Please be aware that due to its age, there may be some materials containing asbestos from the time of construction; prospective buyers should conduct appropriate inspections as needed.

Investment Analysis

(NW2 area)

Above Market Value

This property is priced +78.7% above area average per sq ft

+78.7%
This Property
£1,138/sq ft
Area Average
£637/sq ft
Avg Rent (weekly)
£500
Avg Yield
4.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£60,000 - £100,000
Target Value
£369,211
10% above area average per sq ft
Potential ROI
-47.3%
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

Ridge Road, 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
£2,198
Based on a loan of £449,962 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