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Hendon Lane, London - Image 1
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Hendon Lane, London

London

£425,000
Listed on 16/10/2025

Property Details

Bedrooms
2
Type
Flat
Area
872 sqft

Description

This two-bedroom flat sits on the second floor of a purpose-built block along Hendon Lane, offering a solid foundation for both comfortable living and future enhancements. The spacious 17ft reception room opens up to a private balcony, providing an inviting space for relaxation and outdoor enjoyment. The property includes a well-proportioned 14ft master bedroom with fitted wardrobes, alongside an 11ft kitchen that presents opportunities for modernization. Situated in proximity to Finchley Central Tube station, this location is advantageous for commuters and those seeking access to local amenities. The flat also features a guest W.C. and communal gardens, adding to the convenience and appeal of its layout. As a share of freehold property with an extended lease of 978 years remaining, it offers security and flexibility for prospective buyers or investors. While the apartment is currently in need of some updating, this presents an excellent opportunity to tailor the space according to personal preferences or market demands. The relatively low service charge of approximately £400 per quarter further enhances its attractiveness as an investment. This property holds significant potential for renovation that could increase both its value and livability.

Investment Analysis

(N3 area)

Below Market Value

This property is priced -23.1% below area average per sq ft

-23.1%
Potential saving
This Property
£487/sq ft
Area Average
£634/sq ft
Avg Rent (weekly)
£497
Avg Yield
3.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £30,000
Target Value
£607,797
10% above area average per sq ft
Potential ROI
+33.6%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
14
Average per month
Market Turnover
6%
Properties sold annually

Local Market Trend (N3)

Area prices are falling by +4.8% over the last 12 months
3 year growth: -5.0%
5 year growth: 7.7%
Investment Disclaimer: Analysis based on N3 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

Hendon Lane, London
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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
£1,557
Based on a loan of £318,750 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