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Palace Road, London N11 2PR

London

£700,000
Listed on 06/12/2025

Property Details

Bedrooms
4
Type
Terraced house
Area
1593 sqft

Description

This four-bedroom property presents a solid foundation for renovation and investment. The entrance hallway features stairs leading to the first floor, complemented by storage underneath and traditional cornice detailing. The reception room, with its single-glazed bay window and charming picture rail, offers a cozy yet bright space, while the dining room includes a fitted cupboard and vinyl flooring that could be updated for a fresh look. The kitchen is functional with wall and base units, but modernisation is needed to bring it up to current standards; it also has plumbing provisions for a washing machine and gas cooker connection. The first-floor landing leads to two well-proportioned bedrooms, each equipped with fitted wardrobes, although they currently feature outdated single-glazed windows. The bathroom retains basic amenities but would benefit from complete refurbishment to improve functionality and aesthetics. A separate WC adds convenience but could also be redesigned. The second floor hosts an additional two bedrooms with double-glazed windows; however, they still require updates. Outside, the front garden has mixed shrubs while the rear garden includes hard standing areas alongside a timber shed—a space ripe for landscaping improvement. This property holds considerable potential for enhancement through thoughtful renovations.

Investment Analysis

(N11 area)

Below Market Value

This property is priced -22.1% below area average per sq ft

-22.1%
Potential saving
This Property
£439/sq ft
Area Average
£564/sq ft
Avg Rent (weekly)
£463
Avg Yield
5.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£988,297
10% above area average per sq ft
Potential ROI
+31.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
18
Average per month
Market Turnover
10%
Properties sold annually

Local Market Trend (N11)

Area prices are falling by +4.9% over the last 12 months
3 year growth: -3.8%
5 year growth: 11.5%
Investment Disclaimer: Analysis based on N11 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

Palace Road, London N11 2PR
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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
£2,564
Based on a loan of £525,000 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