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Ashbourne Way, London, NW11

London

£1,500,000

Listed on 26/06/2026

Property details

Bedrooms
N/A
Type
Commercial Development

Description

This unique freehold development opportunity presents a complete mews site with 24 garages and two 2-bedroom residential flats, making it an attractive prospect for those looking to invest in redevelopment. Set within the desirable Temple Fortune area, just moments from Golders Green and Hampstead Garden Suburb, the property is situated amid a vibrant community with a variety of shops, cafés, restaurants, and excellent transport links nearby. Operating as garage storage and vehicle servicing facilities for over 26 years, the site currently generates an income of approximately £44,900 per annum from licensed garage occupants and periodic tenancy agreements for the flats. Despite its income-generating potential, the property’s true value lies in the significant redevelopment opportunities available (subject to planning permissions), with ample space extending to around 10,458 sq ft. However, it is important to note that the site has not seen maintenance in several years, presenting a blank canvas for renovation or alternative use. This property offers prospective buyers a chance to explore its full development potential.

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Investment analysis

(NW11 area)
Area Average
£748/sq ft
Avg Rent (weekly)
£555
Avg Yield
2.9%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£600,000 - £900,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
15
Average per month
Market Turnover
4%
Properties sold annually

Local Market Trend (NW11)

Area prices are stable by +0.4% over the last 12 months
3 year growth: +5.7%
5 year growth: +13.1%
Investment Disclaimer: Analysis based on NW11 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

Ashbourne Way, London, NW11
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Mortgage calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£5,667
Based on a loan of £1,125,000 over 30 years at 4.45% 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

This calculation uses non-residential (land/commercial) tax rates.

Next Steps

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