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Suffolk Road, Potters Bar

London

£500,000

Listed on 25/09/2026

The listing

Property details

Bedrooms
3
Type
Semi Detached
Area
765 sqft

Description

This three-bedroom semi-detached house from the 1930s is situated in a quiet turning within the Auckland area, providing easy access to good schools and local shops. Approximately a mile from Darkes Lane, residents can enjoy a variety of amenities, including a mainline station with quick connections to London. The property requires comprehensive renovation and updating, offering significant potential for extension to the rear and into the loft, subject to the usual consents and planning permissions. It features a replacement boiler for gas central heating, double-glazed windows, and a generous rear garden extending approximately 100 feet. The property is offered chain-free, making it an appealing opportunity for buyers looking to invest in a home with substantial improvement potential. The approach includes shared access leading to a gated rear garden and hard standing for off-street parking, complemented by a privet hedge at the front and three steps up to the entrance door. Inside, the entrance hallway features an Upvc door and double-glazed side window, providing access to reception rooms and the kitchen. The lounge, with its double-glazed bay window and 1930s tiled fireplace, offers a cozy atmosphere. The dining room benefits from sliding patio doors that open onto the garden, while the kitchen includes essential amenities and access to the outdoor space. On the first floor, the landing leads to three bedrooms and a bathroom, each with its own unique features and ample natural light. The property also boasts a spacious garden with a patio area, raised beds, and a shed, providing an excellent outdoor retreat. This house presents a fantastic opportunity for those looking to create their ideal living space in a desirable location.

WHOTS analysis

Our WHOTS verdict

An internal assessment of the opportunity to acquire, improve and create value.

28out of 100
Grade ELow opportunity

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.

Key opportunities

  • Transform the dated interiors into modern living spaces that reflect contemporary tastes.
  • Expand the layout with potential rear and loft extensions, subject to planning permission.
  • Capitalize on the large, overgrown garden to create an outdoor space that enhances the property’s appeal.

Key risks

  • Stripped interiors and a £100,000–£200,000 works budget make this a full-gut programme, not a refresh, with potential structural issues adding complexity.
  • Purchase plus works may take you to around £650,000 when purchase and the £150,000 refurb range are added together, leaving a gap of around 35% versus area norms for this sqft; we have not assumed a post-renovation resale figure.

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Map

Location

Suffolk Road, Potters Bar
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Finance

Mortgage calculator

Illustrative repayments based on the asking price, not a mortgage offer.

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£1,889
Based on a loan of £375,000 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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