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

London

£510,000
Listed on 02/06/2025

Property Details

Bedrooms
3
Type
Terraced
Area
1016 sqft

Description

This terraced family property, situated within a mile of convenient amenities at both East Finchley and Finchley Central, offers a promising investment opportunity. Comprising an eat-in kitchen, a spacious reception room that overlooks a private rear garden, three bedrooms, and a family bathroom, the home is well-suited for renovation. The potential to extend on the ground floor, subject to planning permission, enhances its appeal for those looking to tailor the space to their needs. The property is currently chain-free, making it easier for investors or families seeking to unlock its full potential. An internal viewing is strongly advised to appreciate its possibilities.

Investment Analysis

(N2 area)

Below Market Value

This property is priced -35.0% below area average per sq ft

-35.0%
Potential saving
This Property
£502/sq ft
Area Average
£773/sq ft
Avg Rent (weekly)
£551
Avg Yield
2.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£35,000 - £60,000
Target Value
£863,346
10% above area average per sq ft
Potential ROI
+51.5%
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
7%
Properties sold annually

Local Market Trend (N2)

Area prices are falling by -7.3% over the last 12 months
3 year growth: -14.0%
5 year growth: -4.6%
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 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£1,820
Based on a loan of £382,500 over 30 years at 3.97% 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.

Stamp Duty Calculator

Price History

-7.3% since listed
£510,000£40,000(-7.3%)
07/11/2025
Current price
£550,000Initial listing
02/06/2025

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