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The Bishops Avenue, N2

London

£5,000,000
Listed on 16/03/2026

Property Details

Bedrooms
5
Type
Detached
Area
5730 sqft

Description

Situated on an expansive corner plot in the prestigious Bishops Avenue, this five-bedroom residence presents a remarkable opportunity for renovation or redevelopment. The property features a generous layout with three reception rooms that can be reimagined to fit contemporary living needs, whether for entertaining guests or creating cozy family spaces. With five spacious bedrooms and four bathrooms already established, it caters well to larger households while offering immediate comfort and convenience. What sets this property apart is its significant potential for expansion or redesign, subject to obtaining the necessary planning permissions (STPP). The ample outdoor space allows for creative additions such as a modern kitchen-diner, more versatile living areas, or extra bedrooms, enabling future owners to customize the home according to their vision. This adaptability not only enhances personal enjoyment but also promises an increase in overall property value. Additionally, off-street parking is available for multiple vehicles within gated access, adding further appeal to this already desirable location.

Investment Analysis

(N2 area)

Above Market Value

This property is priced +13.0% above area average per sq ft

+13.0%
This Property
£873/sq ft
Area Average
£773/sq ft
Avg Rent (weekly)
£551
Avg Yield
2.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£150,000 - £300,000
Target Value
£4,869,068
10% above area average per sq ft
Potential ROI
-8.1%
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
7%
Properties sold annually

Local Market Trend (N2)

Area prices are falling by -7.3% over the last 12 months
3 year growth: -14.0%
5 year growth: -4.6%
Investment Disclaimer: Analysis based on N2 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

The Bishops Avenue, N2
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£17,838
Based on a loan of £3,750,000 over 30 years at 3.97% 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.

Stamp Duty Calculator

Price History

-16.0% since listed
£5,000,000£950,000(-16.0%)
06/05/2026
Current price
£5,950,000Initial listing
17/03/2026

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