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Long Lane, Finchley

London

£625,000
Listed on 15/11/2025

Property Details

Bedrooms
3
Type
Terraced house
Area
986 sqft

Description

This freehold property offers a unique opportunity for those looking to invest or renovate in a desirable location. Currently configured as two separate flats, this structure has been utilized in this way for over two decades, providing the flexibility to either maintain the dual rental potential or restore it to a single-family home. With three bedrooms and two reception rooms available if converted back to one dwelling, the layout presents ample space for comfortable living. The building’s existing setup allows for immediate rental income from both units while you explore renovation options or plan for future enhancements. Situated just a short distance from Finchley Central Underground station and Ballards Lane, the property enjoys convenient access to public transport and local amenities, making it an attractive option for both renters and future homeowners. This feature enhances its investment appeal, as demand in this vibrant area is likely to remain strong. Given its configuration and location benefits, there is significant potential to increase the property's value through modernization or reconfiguration. Whether you are an experienced investor or someone seeking a project with great promise, this property offers numerous avenues for growth and development.

Investment Analysis

(N3 area)

Above Market Value

This property is priced 0.0% above area average per sq ft

0.0%
This Property
£634/sq ft
Area Average
£634/sq ft
Avg Rent (weekly)
£497
Avg Yield
3.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £80,000
Target Value
£687,257
10% above area average per sq ft
Potential ROI
-2.5%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
14
Average per month
Market Turnover
6%
Properties sold annually

Local Market Trend (N3)

Area prices are falling by +4.8% over the last 12 months
3 year growth: -5.0%
5 year growth: 7.7%
Investment Disclaimer: Analysis based on N3 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

Long Lane, Finchley
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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
£2,290
Based on a loan of £468,750 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.

Next Steps

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE