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Wise Lane, Mill Hill, London NW7 - Image 1
Wise Lane, Mill Hill, London NW7 - Image 2
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Wise Lane, Mill Hill, London NW7

London

£1,750,000
Listed on 08/05/2026

Property Details

Bedrooms
5
Type
Detached
Area
3929 sqft

Description

This detached house presents a unique chance for cash buyers looking to invest in a property with significant renovation potential in one of Mill Hill's desirable locations. The current owners have made strides in extending and refurbishing the home, as detailed in Barnet Council application number 19/0826/hse, although construction has temporarily halted. Once completed, this spacious residence is set to feature five bedrooms, four bathrooms (including two en-suites) and expansive entertaining spaces across approximately 4000 sq ft. Given its current state, acquiring development financing may be necessary because traditional mortgages are unlikely. This project offers a blank canvas for those keen on crafting their ideal home.

Investment Analysis

(NW7 area)

Below Market Value

This property is priced -29.6% below area average per sq ft

-29.6%
Potential saving
This Property
£445/sq ft
Area Average
£633/sq ft
Avg Rent (weekly)
£499
Avg Yield
3.8%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£150,000 - £250,000
Target Value
£2,734,898
10% above area average per sq ft
Potential ROI
+36.7%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
22
Average per month
Market Turnover
6%
Properties sold annually

Local Market Trend (NW7)

Area prices are rising by +5.6% over the last 12 months
3 year growth: +9.7%
5 year growth: +11.4%
Investment Disclaimer: Analysis based on NW7 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

Wise Lane, Mill Hill, London NW7
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£6,243
Based on a loan of £1,312,500 over 30 years at 3.97% 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.

Stamp Duty Calculator

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