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Hill Close, Barnet, EN5

London

£500,000
Listed on 02/11/2025

Property Details

Bedrooms
3
Type
Terraced house
Area
854 sqft

Description

This three-bedroom house presents a valuable opportunity for those looking to invest in a property that requires updating and modernization. With the potential for extension, subject to planning permissions, this home features a 46-foot rear garden and off-street parking at the front, making it an appealing prospect for families or investors. The layout includes a welcoming hallway that leads upstairs, along with an alternative entrance into the kitchen. The living space consists of a rear-facing reception room adjacent to the dining area, both conveniently providing access to the garden. The kitchen overlooks the front yard and includes a utility area. Upstairs, you'll find three bedrooms and a practical three-piece bathroom suite. Located approximately one mile from Barnet town center, this property also benefits from proximity to Whiting's Hill Primary School and other reputable educational institutions such as QE Boys Grammar and Ark Pioneer Academy. Barnet town center offers an array of high street shops, including The Spires Shopping Centre with its Waitrose supermarket. Transport links are readily available via High Barnet Underground Station, which connects directly to London’s West End and City. With its solid structure and extensive renovation potential, this property offers an excellent canvas for creating a modern family home in a well-connected neighborhood.

Investment Analysis

(EN5 area)

Below Market Value

This property is priced -2.2% below area average per sq ft

-2.2%
Potential saving
This Property
£585/sq ft
Area Average
£598/sq ft
Avg Rent (weekly)
£426
Avg Yield
3.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£562,090
10% above area average per sq ft
Potential ROI
+2.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
30
Average per month
Market Turnover
14%
Properties sold annually

Local Market Trend (EN5)

Area prices are rising by +2.8% over the last 12 months
3 year growth: 3.0%
5 year growth: -0.2%
Investment Disclaimer: Analysis based on EN5 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

Hill Close, Barnet, EN5
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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
£1,832
Based on a loan of £375,000 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