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Beech Drive, London N2

London

£2,500,000
Listed on 01/10/2025

Property Details

Bedrooms
4
Type
Detached house
Area
2088 sqft

Description

This detached freehold residence is positioned on a desirable road that marks the boundary between East Finchley and Muswell Hill, presenting a promising opportunity for renovation and investment. The property spans two levels, boasting ample space that can be transformed to suit modern living standards. Upon entering, you are greeted by a spacious porch leading into a large entrance hall. The ground floor features two generously sized reception rooms, providing flexibility for both living and dining arrangements. A functional guest WC and a fully equipped kitchen/breakfast room with granite work surfaces complete this level. Upstairs, the layout includes three double bedrooms alongside a well-proportioned single bedroom, offering potential for reconfiguration to create an open-plan layout or additional spaces. A family bathroom accompanied by a separate WC serves the upper level, while an en-suite shower room adds convenience to one of the bedrooms. The outdoor areas feature mature east-facing gardens extending approximately 100 feet, ideal for those interested in gardening or landscape enhancements. There’s also a front garden facing west and off-street parking available for two vehicles. Notably, the side garage includes a boiler room at the back, which may be repurposed or expanded upon. This home is in need of modernization but offers incredible potential for extensions to the side and rear, as well as the possibility of converting the loft space—subject to obtaining the necessary planning permissions. The neighborhood is characterized by tree-lined streets and is conveniently located near Coldfall Woods and Cherry Tree Wood within walking distance. Muswell Hill Broadway is also nearby, providing access to numerous shops, restaurants, and cafes. Families will appreciate being within reach of highly regarded schools such as Eden and Fortismere, while East Finchley tube station (Northern Line) is just a short walk away. With its strategic location and significant renovation potential, this property stands as an appealing investment opportunity in an attractive area.

Investment Analysis

(N2 area)

Above Market Value

This property is priced +52.0% above area average per sq ft

+52.0%
This Property
£1,197/sq ft
Area Average
£788/sq ft
Avg Rent (weekly)
£702
Avg Yield
2.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£60,000 - £90,000
Target Value
£1,809,764
10% above area average per sq ft
Potential ROI
-30.1%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
13
Average per month
Market Turnover
6%
Properties sold annually

Local Market Trend (N2)

Area prices are falling by +18.3% over the last 12 months
3 year growth: -15.1%
5 year growth: -8.6%
Investment Disclaimer: Analysis based on N2 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Beech Drive, London N2
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£9,158
Based on a loan of £1,875,000 over 30 years at 4.19% 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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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE