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Grovelands Road, London N15 - Image 1

Grovelands Road, London N15

London

£1,250,000
Listed on 29/04/2026

Property Details

Bedrooms
6
Type
End Terrace
Area
1577 sqft

Description

This end-of-terrace freehold house presents a compelling investment opportunity in a sought-after London location. Currently configured as two distinct flats, the property boasts a total area of 146.5 Sq. M, making it an attractive prospect for both rental income and future modifications. The ground floor offers a one-bedroom flat (53 Sq. M), while the first and second floors are home to a spacious four-bedroom flat (93 Sq. M). Each unit benefits from its own private garden, enhancing the living experience and potential appeal to tenants. Notable features include a generous plot width of 7.10 metres with side access and a sizable front garden (24.92 Sq. M). There is considerable upside potential here, with possibilities for extensions or alterations subject to planning permission, which could further increase value and functionality. The property can be sold with vacant possession or with current tenants in place, offering flexibility for investors. The first and second-floor flat currently generates an impressive income of £2,383.33 per calendar month, while the ground floor has recently undergone refurbishment and is ready for new tenants. Conveniently located near the River Lea and surrounding parks, this residence provides excellent transport links via Stamford Hill and South Tottenham railway stations, plus easy access to central London through nearby underground connections at Seven Sisters. Local shops and amenities are abundant, particularly in Stoke Newington's popular Church Street area. This property is an excellent candidate for savvy investors looking to capitalize on both immediate rental returns and longer-term renovation potential.

Investment Analysis

(N15 area)

Above Market Value

This property is priced +24.7% above area average per sq ft

+24.7%
This Property
£793/sq ft
Area Average
£636/sq ft
Avg Rent (weekly)
£443
Avg Yield
4.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £60,000
Target Value
£1,103,009
10% above area average per sq ft
Potential ROI
-15.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
24
Average per month
Market Turnover
14%
Properties sold annually

Local Market Trend (N15)

Area prices are rising by +6.3% over the last 12 months
3 year growth: -0.7%
5 year growth: +0.5%
Investment Disclaimer: Analysis based on N15 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

Grovelands Road, London N15
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£4,427
Based on a loan of £937,500 over 30 years at 3.91% 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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