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Old Park Ridings, London

London

£2,000,000
Listed on 18/08/2025

Property Details

Bedrooms
8
Type
Detached house
Area
6573 sqft

Description

This substantial detached residence presents a unique opportunity for renovation and investment, featuring eight bedrooms across three expansive floors. Spanning over 6,500 square feet, the property is situated on a generous 0.39-acre plot, offering ample space for transformation and personalization. The interior layout includes a variety of living spaces, with three distinctive reception rooms that benefit from an abundance of natural light. A spacious kitchen/diner allows for potential upgrades to create a contemporary culinary hub. The property also provides valuable amenities such as a utility room and several bathrooms—including two en-suites—which could be reconfigured to enhance functionality. A noteworthy aspect of this home is the large conservatory that overlooks a sprawling rear garden extending over 100 feet. This outdoor space includes an outdoor kitchen setup, providing opportunities for landscaped enhancements or expansion. Additionally, the double garage and gated carriage driveway contribute to the property's appeal by providing secure off-street parking. Located on one of Winchmore Hill's desirable roads, residents will enjoy both privacy and easy access to local conveniences. Grange Park Station is within walking distance, offering quick transport links to Central London in under 30 minutes. Essential amenities such as Waitrose and Sainsbury’s are nearby, alongside Enfield Town Centre's extensive shopping options. Families will appreciate being in the catchment area for reputable schools like Grange Park Primary and Highlands School, along with several esteemed independent institutions such as Grange Park Prep and Palmers Green High. With its impressive scale and potential for modernization, this property represents a rare chance to create a bespoke family home in a prime location.

Investment Analysis

(N21 area)

Below Market Value

This property is priced -47.9% below area average per sq ft

-47.9%
Potential saving
This Property
£304/sq ft
Area Average
£584/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£150,000 - £250,000
Target Value
£4,225,026
10% above area average per sq ft
Potential ROI
+87.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
20
Average per month
Market Turnover
14%
Properties sold annually

Local Market Trend (N21)

Area prices are stable by +0.8% over the last 12 months
3 year growth: 4.0%
5 year growth: 16.7%
Investment Disclaimer: Analysis based on N21 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

Old Park Ridings, 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
£7,327
Based on a loan of £1,500,000 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