Grasmere Avenue, Wembley
London
£500,000
Listed on 21/10/2026
Listed on 21/10/2026
The listing
Property details
Bedrooms
3Type
TerracedArea
1026 sqftFeatures
- Garden
Description
This chain-free three-bedroom 1930s terraced house has two reception rooms, a separate kitchen and a family bathroom. The accommodation is arranged over two floors, with front and rear gardens. The property is offered with vacant possession and requires extensive modernisation and improvement, providing scope to update the existing layout and finish. Any extension or reconfiguration would be subject to planning permission and other necessary consents. Preston Road Underground station, local shops, everyday amenities and schools are noted nearby.
WHOTS analysis
Our WHOTS verdict
An internal assessment of the opportunity to acquire, improve and create value.
57out of 100
Grade DWeak opportunity
Confidence: MEDIUM
At £500,000, this three-bedroom 1930s terrace is priced below the local average per square foot, giving buyers a relatively cheaper entry point for a substantial project. The two reception rooms, separate kitchen and front and rear gardens provide a useful canvas: the worn finishes, older kitchen and bathroom, and overgrown gardens offer clear scope to reshape and modernise the home. The listing also mentions potential to extend or reconfigure, subject to the necessary consents.
The overall opportunity is still weak on the numbers: the £55,000–£95,000 renovation range puts the midpoint all-in figure close to the implied current local average value, before stamp duty or fees. Floor discolouration and wear appear in several rooms, so this is a significant programme rather than a cosmetic update; the roof tiles look weathered, though no clear major failure is evident in the photos.
Key opportunities
- Rework the two-reception-room layout and modernise the separate kitchen to create a home tailored to the next owner.
- The 1930s house and front and rear gardens offer scope to improve the property’s character and outdoor space; extension or reconfiguration is subject to consent.
- The asking price is below the local average per square foot, offering a cheaper acquisition point for the project.
Key risks
- Worn and discoloured floors, debris and dated finishes across several rooms, alongside the older kitchen and bathroom, make the £55,000–£95,000 works range a substantial budget and programme rather than a cosmetic refresh.
Unlock the full analysis
Sign up to see the refurb profile, below-market value, yields, and local market trends for this and every other property that has them.
Sign up freeAlready have an account? Sign in
Interested in similar properties?
Create an alert and we'll notify you when similar renovation opportunities are listed.
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.
Tax
Stamp duty calculator
Indicative tax based on the asking price and the options you select.
Services
Next steps
Explore services to help you with this property purchase.
Get help with this property
Financing, surveys and more – choose a service and we’ll connect you with our trusted partners.
Nearby
Similar properties
Other listings you may want to compare.
