Park Road, New Barnet EN4
London
£325,000
Listed on 08/10/2026
Listed on 08/10/2026
The listing
Property details
Bedrooms
2Type
MaisonetteArea
722 sqftDescription
A two-bedroom first-floor maisonette in a quieter part of New Barnet, with greenery nearby and convenient access to local amenities, schools, transport and road links. The accommodation includes two double bedrooms, a separate lounge and dining area, and a fitted kitchen. Double glazing, gas central heating and substantial ground-floor storage cupboards are also noted.
The property is described as requiring refurbishment and modernisation, offering scope for a buyer to update the interiors. It is leasehold, with 88 years remaining on the lease. The stated service charge is £158 per month, including building insurance, and the ground rent is £10. Council tax is Band D.
WHOTS analysis
Our WHOTS verdict
An internal assessment of the opportunity to acquire, improve and create value.
74out of 100
Grade BGood opportunity
Confidence: MEDIUM
At £325,000, this two-bedroom maisonette is priced well below the local average per square foot: £450/sq ft versus £628. That gives buyers a strong entry point and room to add value with a measured cosmetic refresh. The lounge and bedrooms are usable but dated, and the kitchen and bathroom also offer scope for updated finishes; the renovation range is £7,500–£18,000. The maintained-looking exterior and shared lawn add to the appeal, while the 88-year lease and £158 monthly service charge are worth factoring into the purchase.
Key opportunities
- Acquire at £450/sq ft, around 28% below the local average, leaving scope to create value through improvement.
- Refresh the dated lounge and bedroom finishes, including selective flooring replacement.
- Update the older-style kitchen and bathroom finishes while retaining their apparently usable fittings.
Key risks
None recorded.
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Finance
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Current average 2-year fixed rate is 4.45%
Current average variable rate is 6.60%
Monthly Repayments
£1,228
Based on a loan of £243,750 over 30 years at 4.45% 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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