Devonshire Road, Palmers Green, N13
London
£375,000
Listed on 22/10/2026
Listed on 22/10/2026
The listing
Property details
Bedrooms
2Type
FlatArea
749 sqftDescription
This chain-free first-floor flat occupies the whole upper floor of an Edwardian house and offers two double bedrooms, a reception room, kitchen, bathroom and separate WC. The accommodation is reached through a communal entrance, with stairs leading to a spacious landing and access to the loft. The listing notes that the property requires full modernisation and has electric heating.
The flat is a short walk from Palmers Green station, local shops, cafés and restaurants, bus routes and Broomfield Park. The lease has 90 years remaining, with no service charge or ground rent stated, and the property is within a resident parking scheme. Any loft conversion would be subject to the usual consents.
WHOTS analysis
Our WHOTS verdict
An internal assessment of the opportunity to acquire, improve and create value.
55out of 100
Grade DWeak opportunity
Confidence: MEDIUM
This is a bright, usable first-floor flat with a clear modernisation canvas: the kitchen and bathroom are particularly dated, and updating the flooring and decoration would refresh the rest of the interior. The asking price is £375,000, around 7.3% below the local average per square foot, which is a positive entry point for a project buyer. Its Palmers Green position, a short walk from the station, shops and Broomfield Park, adds to the appeal; the loft access also offers potential subject to the usual consents.
The main caution is the renovation economics: using the £60,000 midpoint of the stated works range, purchase plus refurbishment comes to about £435,000, which looks tight against the local average benchmark. That is not a renovated-value estimate, so the project’s eventual return will depend on the finished result and costs.
Key opportunities
- Modernise the dated kitchen and bathroom, then refresh the older flooring and decoration across the flat.
- Make use of the bright reception room and two usable bedrooms as the foundation for a refreshed first-floor home.
- Explore the loft access and stated conversion potential, subject to the usual consents.
Key risks
None recorded.
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Finance
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Illustrative repayments based on the asking price, not a mortgage offer.
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Current average 2-year fixed rate is 4.45%
Current average variable rate is 6.60%
Monthly Repayments
£1,417
Based on a loan of £281,250 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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