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Finchley Road, London, NW3 - Image 1
Finchley Road, London, NW3 - Image 2
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Finchley Road, London, NW3

London

£349,950
Listed on 03/10/2025

Property Details

Bedrooms
N/A
Type
Detached house

Description

This commercial property presents a distinctive opportunity for investors and business owners alike, featuring a share of the freehold and a lengthy 999-year lease. Located on the bustling Hendon Way, it enjoys high visibility and strong foot traffic, ensuring a dynamic environment for retail or service-oriented businesses. The total area spans approximately 1,000 square feet, including practical ground floor retail space complemented by an additional basement that can serve various functions such as storage or additional commercial use. The property is situated in a desirable neighborhood known for its robust rental market, making it an appealing option for those seeking to capitalize on investment potential. Freehold ownership eliminates concerns about ground rent or service charges, enhancing both financial security and operational efficiency. There’s considerable scope for value enhancement through thoughtful renovations or adjustments to the use of the space, subject to obtaining the necessary planning permissions. With local amenities nearby and excellent transport connections, this property not only supports an existing business but also offers substantial upside through redevelopment or modernization initiatives. Whether you are looking to occupy, invest for income, or explore development possibilities in this vibrant section of NW3, this property stands out as a promising option.

Investment Analysis

(NW3 area)
Area Average
£1,113/sq ft
Avg Rent (weekly)
£807
Avg Yield
3.4%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £50,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
24
Average per month
Market Turnover
3%
Properties sold annually

Local Market Trend (NW3)

Area prices are falling by +10.5% over the last 12 months
3 year growth: -19.4%
5 year growth: -7.1%
Investment Disclaimer: Analysis based on NW3 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

Finchley Road, London, NW3
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Mortgage Calculator

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£
£
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years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£1,282
Based on a loan of £262,462 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