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Spencer Close, Finchley, N3 - Image 1

Spencer Close, Finchley, N3

London

£485,000
Listed on 21/01/2026

Property Details

Bedrooms
2
Type
Flat
Area
1030 sqft

Description

This ground floor flat, situated in a purpose-built block from the 1980s, offers a unique opportunity for those looking to invest in a property in a desirable location. Nestled within its own landscaped grounds off Regents Park Road, this residence features two bedrooms and comes with communal amenities such as three porters, a water softener system, lift access, and entryphone security. While the flat presents an opportunity for modernization to suit contemporary tastes, it holds significant potential for value enhancement through thoughtful renovations.

Investment Analysis

(N3 area)

Below Market Value

This property is priced -25.5% below area average per sq ft

-25.5%
Potential saving
This Property
£471/sq ft
Area Average
£632/sq ft
Avg Rent (weekly)
£474
Avg Yield
3.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£715,716
10% above area average per sq ft
Potential ROI
+36.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
17
Average per month
Market Turnover
10%
Properties sold annually

Local Market Trend (N3)

Area prices are stable by +1.6% over the last 12 months
3 year growth: -1.5%
5 year growth: +8.4%
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

Spencer Close, Finchley, N3
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£1,749
Based on a loan of £363,750 over 30 years at 4.06% 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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