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Elm Park Road, FINCHLEY

London

£225,000Guide Price

Listed on 08/07/2026

Property details

Bedrooms
2
Type
Flat
Area
558 sqft

Description

This first-floor flat, offered at auction, presents an excellent opportunity for renovation and investment. The property is a leasehold unit with two bedrooms, a reception room, kitchen, and bathroom/WC, spread across approximately 558 sq ft (52 sq m). While it requires modernisation throughout, this offers potential buyers the chance to create a personalised living space or rental investment in a desirable area of Finchley Central. With full vacant possession being transferred, you can begin your refurbishment right away. The flat benefits from convenient access to local amenities and public transport options including Finchley Central Underground Station. This could be a great project for those looking to add value through comprehensive updates.

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Investment analysis

(N3 area)

Below Market Value

This property is priced -35.6% below area average per sq ft

-35.6%
Potential saving
This Property
£403/sq ft
Area Average
£626/sq ft
Avg Rent (weekly)
£450
Avg Yield
3.7%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£384,423
10% above area average per sq ft
Potential ROI
+45.1%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
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

Elm Park Road, FINCHLEY
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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
£850
Based on a loan of £168,750 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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