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Palace Road, London N11 - Image 1
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Palace Road, London N11

London

£700,000
Listed on 11/12/2025

Property Details

Bedrooms
4
Type
Terraced house
Area
1600 sqft

Description

This three-storey Victorian mid-terrace house presents a valuable opportunity for renovation in a sought-after London location, just a short distance from Bounds Green underground and Bowes Park overground stations. The property features a through lounge, kitchen, four bedrooms, and essential bathroom facilities, all set within front and rear gardens. The internal layout includes an inviting hallway with original cornicing and storage space under the stairs. The reception room boasts charming single glazed bay windows and period detailing like picture rails, awaiting modernization to maximize its appeal. A dedicated dining area leads into the kitchen, which requires updating but offers potential for modernization with existing wall units and plumbing for appliances. On the first floor, you will find two well-sized bedrooms that benefit from natural light through their respective windows along with built-in wardrobes. The family bathroom is functional but dated and requires attention to bring it up to contemporary standards. An additional WC on this level offers further convenience. The top floor accommodates two more bedrooms which are currently fitted with carpets and radiators. Outside, the front garden features mixed shrubs while the rear garden provides hard standing with a raised flower bed and timber shed – ideal for those looking to create their own outdoor space or landscaping project. This property is ready for an investor or homeowner willing to undertake a refurbishment that will yield significant potential appreciation in value in this desirable area.

Investment Analysis

(N11 area)

Below Market Value

This property is priced -22.4% below area average per sq ft

-22.4%
Potential saving
This Property
£438/sq ft
Area Average
£564/sq ft
Avg Rent (weekly)
£463
Avg Yield
5.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£60,000 - £90,000
Target Value
£992,640
10% above area average per sq ft
Potential ROI
+25.7%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
18
Average per month
Market Turnover
10%
Properties sold annually

Local Market Trend (N11)

Area prices are falling by +4.9% over the last 12 months
3 year growth: -3.8%
5 year growth: 11.5%
Investment Disclaimer: Analysis based on N11 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

Palace Road, London N11
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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
£2,564
Based on a loan of £525,000 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