Ferme Park Road, Hornsey, N8
London
£400,000Guide Price
Listed on 16/09/2026
Listed on 16/09/2026
The listing
Property details
Bedrooms
2Type
FlatArea
643 sqftDescription
This two-bedroom flat is set within a period building and comprises a reception room, kitchen and bathroom. The accommodation is described as requiring updating throughout, offering scope for a buyer to modernise the existing rooms. The property is chain free and includes a share of the freehold.
The flat is positioned for amenities in Crouch End, Harringay and Hornsey, including independent shops, cafés, restaurants and everyday services, with transport links serving the City, West End and surrounding areas. The sale is through a transparent online auction, with bidding and legal-pack arrangements to be checked before proceeding.
WHOTS analysis
Our WHOTS verdict
An internal assessment of the opportunity to acquire, improve and create value.
66out of 100
Grade CPotential opportunity
Confidence: MEDIUM
This two-bedroom period flat offers a good-value entry point: the £400,000 asking price is 16.8% below the local average per square foot, while the share of freehold and characterful building add appeal. The rooms look clean and usable, with the main opportunity in refreshing older carpets, fitted storage and kitchen finishes; the shower room appears more recently finished and serviceable.
The light works are estimated at £7,000–£18,000, giving scope to update the presentation without taking on a major visible repair project. Its C-grade score reflects that balance: strong price and economics, with average fundamentals and a moderate level of work.
Key opportunities
- Acquire at an asking price 16.8% below the local average per square foot.
- Refresh older carpets, paintwork and fitted storage to modernise the living and bedroom spaces.
- Update the fitted kitchen’s dated finishes while keeping its existing functional fittings.
Key risks
None recorded.
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Finance
Mortgage calculator
Illustrative repayments based on the asking price, not a mortgage offer.
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Current average 2-year fixed rate is 4.45%
Current average variable rate is 6.60%
Monthly Repayments
£1,511
Based on a loan of £300,000 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.
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