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Selvage Lane, Mill Hill, London, NW7 - Image 1
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Selvage Lane, Mill Hill, London, NW7

London

£1,075,000

Listed on 09/07/2026

Property details

Bedrooms
5
Type
Detached
Area
1816 sqft

Description

This substantial five-bedroom detached house is set on a spacious corner plot and offers significant potential for renovation or redevelopment. Located conveniently near local shops and bus routes, and just a short distance from Mill Hill Broadway's shopping area and Thameslink station, this property boasts an advantageous position for future investments. The ground floor features three versatile reception rooms along with a kitchen, a bedroom, and a shower room, providing a solid base to reconfigure spaces as desired. The first floor includes four additional bedrooms, a study that could serve as another bedroom, a bathroom, and a separate WC. With amenities such as an entrance porch, utility room, gas central heating, double glazing, and extensive gardens to the front, side, and rear—there's ample outdoor space to enhance or to potentially extend (subject to planning permissions). A detached garage accessed via gated driveway adds further appeal. This property is being offered unconditionally with various possibilities for extension or complete redevelopment. It represents an excellent opportunity for those looking to invest in the London property market.

Investment analysis

(NW7 area)

Below Market Value

This property is priced -5.8% below area average per sq ft

-5.8%
Potential saving
This Property
£592/sq ft
Area Average
£628/sq ft
Avg Rent (weekly)
£493
Avg Yield
3.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£40,000 - £70,000
Target Value
£1,255,092
10% above area average per sq ft
Potential ROI
+9.6%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
23
Average per month
Market Turnover
7%
Properties sold annually

Local Market Trend (NW7)

Area prices are rising by +11.4% over the last 12 months
3 year growth: +12.8%
5 year growth: +15.6%
Investment Disclaimer: Analysis based on NW7 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

Selvage Lane, Mill Hill, London, NW7
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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
£4,061
Based on a loan of £806,250 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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