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Melrose Gardens, Edgware, Middlesex, HA8

London

£615,000
Listed on 01/04/2026

Property Details

Bedrooms
3
Type
Link Detached House
Area
861 sqft

Description

This three-bedroom house offers a promising opportunity for those looking to infuse their own style into a property that requires complete refurbishment. The spacious layout features a roomy living area, a separate kitchen, and access to a private rear garden, making it well-suited for families or investors interested in a project with substantial renovation potential. On the upper floor, you'll find three bedrooms along with a family bathroom that also need modernization. Although the entire property demands updating, it stands as an excellent blank canvas that could be transformed significantly, including the possibility of extensions pending necessary planning approvals. Ideally situated near local amenities, schools, and transport options, this property combines potential for enhancement with practical convenience.

Investment Analysis

(HA8 area)

Above Market Value

This property is priced +34.5% above area average per sq ft

+34.5%
This Property
£714/sq ft
Area Average
£531/sq ft
Avg Rent (weekly)
£436
Avg Yield
4.3%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£60,000 - £90,000
Target Value
£503,147
10% above area average per sq ft
Potential ROI
-28.6%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
31
Average per month
Market Turnover
7%
Properties sold annually

Local Market Trend (HA8)

Area prices are stable by -1.4% over the last 12 months
3 year growth: -0.3%
5 year growth: +6.0%
Investment Disclaimer: Analysis based on HA8 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

Melrose Gardens, Edgware, Middlesex, HA8
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£2,178
Based on a loan of £461,250 over 30 years at 3.91% 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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