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London
£505,000
Listed on 29/09/2026
Listed on 29/09/2026
The listing
WHOTS analysis
An internal assessment of the opportunity to acquire, improve and create value.
Confidence: MEDIUM
This semi-detached house on Alma Road presents a substantial renovation project with plenty of potential for those willing to invest time and resources. While the asking price of £505,000 comes in below the local average at £488/sqf, the overall economics may stretch your budget when factoring in the estimated renovation costs, which range from £40,000 to £80,000. This brings the all-in costs to around £565,000, which is above the local average value for similar properties, suggesting a negative margin.
The interior showcases dated finishes and areas of wear, particularly in the living spaces and bedrooms, while the kitchen and bathroom both show signs of age. The garden is notably overgrown, requiring significant maintenance. However, the sound exterior structure and good roof condition provide a solid foundation for the work ahead. With good transport links and the potential for a loft conversion, this property offers a canvas for improvement in a convenient location. Prospective buyers should carefully consider the financials before proceeding, as the renovation budget combined with the purchase price may leave limited room for profit in this venture.
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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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