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London
£500,000
Listed on 25/09/2026
Listed on 25/09/2026
The listing
WHOTS analysis
An internal assessment of the opportunity to acquire, improve and create value.
Confidence: MEDIUM
This three-bedroom semi-detached house from the 1930s offers a promising renovation project in a well-located area of Auckland. While the asking price of £500,000 translates to £654/sqf, which is above the local average of £548/sqf, the property is chain-free and situated near schools and local amenities, providing a strong base for potential value growth.
However, the property requires extensive renovation, with visible wear and dated interiors throughout. The living spaces, including a dated kitchen and bathroom, present a canvas for improvement where a new owner can reimagine the layout and finishes. With a renovation budget estimated between £100,000 and £200,000, the total investment could stretch to around £650,000, placing it significantly above the implied local average value of £419,526. This could challenge the return on investment for future resale, making it crucial for buyers to consider their budget and renovation timeline carefully.
Even a workable headline price does not rescue the maths when once you include an estimated £150,000 of works on top of the asking price, spend approaches £650,000 — roughly 35% above what comparable floor area achieves locally in current condition. Hence the weak economics component — a proxy for today's market, not post-refurbishment GDV.
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Finance
Illustrative repayments based on the asking price, not a mortgage offer.
Current average 2-year fixed rate is 4.45%
Current average variable rate is 6.60%
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.
Tax
Indicative tax based on the asking price and the options you select.
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