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Spencer Close, London

London

£425,000

Listed on 03/07/2026

Property details

Bedrooms
2
Type
Apartment
Area
1030 sqft

Description

This ground floor flat, located within a 1980s purpose-built block, presents a promising opportunity for renovation. Nestled in landscaped grounds off Regents Park Road, it offers the potential to modernize and enhance the living space to meet contemporary standards. The building is equipped with conveniences such as three porters, a communal water softener, and a lift, adding to its appeal. With some thoughtful updates, this property could be transformed into a comfortable home or an attractive investment.

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Investment analysis

(N3 area)

Below Market Value

This property is priced -34.1% below area average per sq ft

-34.1%
Potential saving
This Property
£413/sq ft
Area Average
£626/sq ft
Avg Rent (weekly)
£450
Avg Yield
3.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £30,000
Target Value
£709,598
10% above area average per sq ft
Potential ROI
+56.0%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
14
Average per month
Market Turnover
5%
Properties sold annually

Local Market Trend (N3)

Area prices are rising by +6.5% over the last 12 months
3 year growth: +4.8%
5 year growth: +4.3%
Investment Disclaimer: Analysis based on N3 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

Spencer Close, London
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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
£1,606
Based on a loan of £318,750 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

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