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Selvage Lane, Mill Hill NW7

London

£1,145,000
Listed on 27/09/2025

Property Details

Bedrooms
5
Type
Detached house
Area
1748 sqft

Description

This spacious five-bedroom detached home is situated on a generous corner plot, providing multiple access points and significant potential for renovation or redevelopment, subject to the necessary planning permissions. The ground floor layout includes a welcoming porch that leads to a cozy TV room and a separate reception area, offering flexible living spaces. The fitted kitchen and dining area are designed for functionality, complemented by a utility room and a double bedroom with an en-suite bathroom, making it suitable for guests or extended family. Upstairs, the property features two well-sized double bedrooms—one of which includes an en-suite shower—and two additional rooms that can serve as bedrooms or be reimagined as a study or dressing area. The family bathroom is conveniently located nearby. Moreover, the spacious landing hints at the potential for a loft conversion, providing even more living space (subject to planning). Outside, you will find a detached garage, gated driveway access, and landscaped gardens that encircle the property. This outdoor space not only enhances privacy but also offers ample room for personal landscaping ideas or further development. Located in the desirable area of Mill Hill, this property stands out due to its substantial plot and adaptable design. It presents an excellent opportunity for both families seeking ample living space and investors looking to capitalize on renovation potential in a thriving community. Early viewing is advisable to fully appreciate what this property has to offer.

Investment Analysis

(NW7 area)

Above Market Value

This property is priced +4.0% above area average per sq ft

+4.0%
This Property
£655/sq ft
Area Average
£630/sq ft
Avg Rent (weekly)
£543
Avg Yield
3.8%

Renovation Potential

Est. Renovation Cost
£114,500 - £286,250
10-25% of property value
Target Value
£1,211,172
10% above area average per sq ft
Potential ROI
-15.4%
After renovation
Monthly Sales
11
Average per month
Market Turnover
4%
Properties sold annually

Local Market Trend (NW7)

Area prices are falling by +3.0% over the last 12 months
3 year growth: 10.2%
5 year growth: 4.8%
Investment Disclaimer: Analysis based on NW7 area averages and may not reflect property-specific factors like condition, exact location, or unique features. 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

Selvage Lane, Mill Hill NW7
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