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Chesterfield Road, Barnet

London

£550,000
Listed on 02/11/2025

Property Details

Bedrooms
3
Type
Terraced house
Area
581 sqft

Description

This three-bedroom terraced home presents a promising opportunity for those looking to invest in a property with renovation potential. Boasting 1,237 square feet of living space, the residence offers a solid foundation and ample room for enhancement. The layout features three generous double bedrooms, making it ideal for families or as a multi-occupancy investment. The two reception rooms provide flexibility for both living and dining areas, with the main dining room featuring sliding doors that lead directly to the rear garden. The conservatory adds an extra layer of versatility, suitable for use as a sunlit retreat or additional living space. While the property does require modernization, it affords numerous possibilities for improvement and customization. There is potential to extend at both the rear and into the loft space, subject to planning permissions. This could significantly increase the home’s value and appeal in a desirable neighborhood known for its highly regarded schools, local shops, and access to public transport. On the first floor, the layout includes a bathroom equipped with essential amenities alongside good-sized bedrooms that feature built-in storage solutions. The exterior offers off-street parking at the front and a well-sized rear garden that includes both patio and lawn areas—perfect for outdoor activities or gardening enthusiasts. Located close to open greenbelt land and community facilities, this property represents an appealing investment opportunity in a sought-after area. Whether seeking to create a family home or capitalize on rental potential, this property is worthy of consideration by those ready to embark on a renovation journey. An internal viewing is encouraged to fully appreciate its scope and possibilities.

Investment Analysis

(EN5 area)

Above Market Value

This property is priced +58.8% above area average per sq ft

+58.8%
This Property
£947/sq ft
Area Average
£596/sq ft
Avg Rent (weekly)
£424
Avg Yield
3.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£381,063
10% above area average per sq ft
Potential ROI
-36.5%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
27
Average per month
Market Turnover
10%
Properties sold annually

Local Market Trend (EN5)

Area prices are rising by +2.5% over the last 12 months
3 year growth: 3.2%
5 year growth: 0.9%
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

Chesterfield Road, Barnet
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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
£2,015
Based on a loan of £412,500 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