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The Mead, East Finchley, London, N2 - Image 1
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The Mead, East Finchley, London, N2 - Image 3
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The Mead, East Finchley, London, N2

London

£510,000
Listed on 03/06/2025

Property Details

Bedrooms
3
Type
Terraced house
Area
1016 sqft

Description

This terraced family home presents a solid foundation for renovation and investment in a desirable area. Conveniently situated within close proximity to both East Finchley and Finchley Central, residents will benefit from easy access to a variety of local amenities, robust transport links, and reputable schools recognized by Ofsted. The property features an eat-in kitchen that opens into a spacious reception room, which overlooks a private rear garden—ideal for outdoor activities or gardening enthusiasts. The layout includes three bedrooms along with a family bathroom, offering ample space for families or potential renters. Notably, this home has considerable potential for expansion; there are opportunities to extend the ground floor (subject to planning permission), allowing buyers to customize the space according to their preferences. This flexibility makes it particularly appealing for those looking to add value through renovations. Offered chain-free, this property is an attractive option for families seeking a long-term residence or investors looking to capitalize on the area's growth prospects. An internal viewing is recommended to appreciate its full potential.

Investment Analysis

(N2 area)

Below Market Value

This property is priced -36.3% below area average per sq ft

-36.3%
Potential saving
This Property
£502/sq ft
Area Average
£788/sq ft
Avg Rent (weekly)
£702
Avg Yield
2.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £50,000
Target Value
£880,613
10% above area average per sq ft
Potential ROI
+57.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
13
Average per month
Market Turnover
6%
Properties sold annually

Local Market Trend (N2)

Area prices are falling by +18.3% over the last 12 months
3 year growth: -15.1%
5 year growth: -8.6%
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

The Mead, East Finchley, London, N2
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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
£1,868
Based on a loan of £382,500 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