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New Close, London

London

£400,000
Listed on 07/04/2026

Property Details

Bedrooms
3
Type
Terraced
Area
817 sqft

Description

This well-located mid-terraced house features three bedrooms and presents a promising canvas for investors and homeowners alike. Situated in the desirable SW19 area, it offers generous scope for improvement and modernization, making it an excellent opportunity for those looking to add value. The house benefits from rear access and is positioned within a vibrant community rich in local amenities and transport links. The Northern line provides convenient commuting options, with Phipps Bridge Tram Stop just a short walk away, connecting you easily to Wimbledon and beyond. Given its spacious layout and potential for extensions (subject to planning permission), this property invites creative renovation ideas that could transform it into a stunning family home or a lucrative investment. With excellent transport links including proximity to Wimbledon Station and easy access to the A3, this location is ideal for both personal living and tenant appeal.

Investment Analysis

(SW19 area)

Below Market Value

This property is priced -34.4% below area average per sq ft

-34.4%
Potential saving
This Property
£490/sq ft
Area Average
£747/sq ft
Avg Rent (weekly)
£513
Avg Yield
4.4%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£670,924
10% above area average per sq ft
Potential ROI
+49.1%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
63
Average per month
Market Turnover
7%
Properties sold annually

Local Market Trend (SW19)

Area prices are falling by -3.0% over the last 12 months
3 year growth: -5.6%
5 year growth: -4.6%
Investment Disclaimer: Analysis based on SW19 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

New Close, London
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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
£1,417
Based on a loan of £300,000 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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