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Somerset Gardens, London, N17

London

£265,000
Listed on 16/10/2025

Property Details

Bedrooms
2
Type
Flat

Description

This two-bedroom apartment occupies the top floor of a low-rise, purpose-built block and presents a solid opportunity for those interested in renovation or investment. The space is naturally bright, with a spacious reception room that benefits from large windows, enhancing the airy feel of the living areas. The layout includes two well-proportioned bedrooms, a separate kitchen, and a three-piece bathroom suite, providing a functional base that can be transformed to suit modern tastes. The property also offers residents access to private parking and well-maintained communal areas, which add to the overall appeal. Located within walking distance of White Hart Lane Station, the apartment boasts convenient transport links to Liverpool Street and various bus routes throughout North and Central London. The surrounding neighborhood is rich in amenities, including local shops, cafes, schools, and essential services—making it suitable not just for first-time buyers but also for young professionals and investors looking for rental potential. While the property requires some modernization, this aspect allows for customization according to personal preference. It comes chain-free, facilitating a smoother purchase process. With 155 years remaining on the lease and reasonable service charges of approximately £895 annually alongside a Council Tax Band C rate of £1,962.61 per year, this apartment represents an attractive entry point into the market with significant scope for enhancement. Internal viewings are encouraged to appreciate its full potential.

Investment Analysis

(N17 area)
Area Average
£564/sq ft
Avg Rent (weekly)
£475
Avg Yield
5.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £30,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
29
Average per month
Market Turnover
11%
Properties sold annually

Local Market Trend (N17)

Area prices are stable by +1.9% over the last 12 months
3 year growth: -4.2%
5 year growth: 18.1%
Investment Disclaimer: Analysis based on N17 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

Somerset Gardens, London, N17
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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
£971
Based on a loan of £198,750 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