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Shrewsbury Road, London, N11

London

£640,000
Listed on 02/09/2025

Property Details

Bedrooms
3
Type
Terraced house
Area
1174 sqft

Description

This three-bedroom Edwardian home presents a notable opportunity for renovation and investment, ideally situated on a quiet residential road in the highly regarded Bounds Green area. The property enjoys proximity to both Bounds Green Tube Station (serving the Piccadilly Line) and Bowes Park Overground Station, which provides direct access to Moorgate, making it exceptionally convenient for commuters. Additionally, this location is well-served by reputable primary schools, enhancing its appeal for families. Upon entering, you are greeted by high ceilings that highlight the home's character and potential. The ground floor features a welcoming hallway that leads to a spacious main reception room adorned with original period detailing. The rear reception room also boasts charming coving and cornice work, with doors opening onto a patio that overlooks the extensive garden—approximately 57 feet in length—complete with a lawn and herbaceous borders. There is also a generously sized outbuilding that offers versatile usage options, whether for storage or as a workshop. The first floor accommodates three well-proportioned bedrooms equipped with ample storage solutions, alongside a family bathroom. Importantly, this property holds significant renovation potential; there is the possibility to extend both the rear of the home and into the loft space, subject to obtaining planning permission. Located within a low-traffic neighborhood scheme, Shrewsbury Road benefits from unrestricted on-street parking and easy access to several local parks. Additionally, it’s just a short drive or bus ride away from Alexandra Palace, providing further recreational opportunities. This residence not only offers immediate comfort but also serves as an excellent canvas for those looking to create their ideal home or undertake an investment project in an increasingly desirable area.

Investment Analysis

(N11 area)

Below Market Value

This property is priced -3.3% below area average per sq ft

-3.3%
Potential saving
This Property
£545/sq ft
Area Average
£564/sq ft
Avg Rent (weekly)
£463
Avg Yield
5.0%

Renovation Potential

Light Refurb
Est. Renovation Cost
£15,000 - £30,000
Target Value
£728,350
10% above area average per sq ft
Potential ROI
+8.7%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
18
Average per month
Market Turnover
10%
Properties sold annually

Local Market Trend (N11)

Area prices are falling by +4.9% over the last 12 months
3 year growth: -3.8%
5 year growth: 11.5%
Investment Disclaimer: Analysis based on N11 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

Shrewsbury Road, London, N11
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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
£2,344
Based on a loan of £480,000 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