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London
£550,000
Listed on 06/10/2026
Listed on 06/10/2026
The listing
WHOTS analysis
An internal assessment of the opportunity to acquire, improve and create value.
Confidence: MEDIUM
This spacious four-bedroom semi-detached house on Diban Avenue is positioned in a good location, just a short walk from Elm Park District Line Station. While the interiors are dated and will require moderate refurbishment, there’s significant potential to enhance the space and create a wonderful family home. The layout is spacious, and the possibility to reconfigure rooms could add value, especially with a kitchen replacement. The large garden and integral garage further add to the appeal, providing options for outdoor living and storage.
However, the asking price of £550,000 translates to £511 per square foot, which is 7.1% above the local average of £477 per square foot. This puts the overall project costs at a stretch, particularly when considering the renovation budget of £40,000 to £80,000. All-in costs are estimated to reach around £610,000, which is above the implied local average value of £513,682, leading to a negative margin against local benchmarks. This economic aspect should be carefully weighed against the property’s potential. Bidding at this guide price may attract competition, potentially pushing the final sale price higher, so proceed with caution.
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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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