Palace Auctions Logo
Home > Find a Property > 3-Bedroom Victorian House in London N22
Lot TBG / ERS 050925 /1

3-Bedroom Victorian House in London N22

Guide price £ 775,000

Type of Sale

Private Treaty (Off-Market)

Key Features

  • 🌳 Outdoor Space: South-west facing private rear garden
  • 🏠 Property Type: Freehold 3-bedroom Victorian terraced house
  • 🏫 Local Schools: Trinity Primary (Outstanding) & Heartland Secondary
  • 💷 Below Market Value: Purchase at £775k vs GDV £950k
  • 📐 Size: Approx. 1055 sq ft (98 m²)
  • 🔗 Sale Type: Probate sale chain free
  • 🔨 Condition: Requires full modernisation
  • 🚆 Transport: Close to Bounds Green Tube (Piccadilly Line) & Alexandra Palace BR
Property for sale A 3-bedroom Victorian house is divided down the middle; one half is old and weathered, the other modern and renovated. A man cycles past, while a family with a dog walks by. In the background, a church steeple rises over London N22. Presented by Palace Auctions
1
Property for sale A 3-bedroom Victorian house is divided down the middle; one half is old and weathered, the other modern and renovated. A man cycles past, while a family with a dog walks by. In the background, a church steeple rises over London N22. Presented by Palace Auctions
2

Description

Victorian house N22 7DA

Private & Confidential – Below Market Value Sale

This chain-free, probate-sale property offers an exceptional opportunity to acquire a 3-bedroom Victorian house in London N22 at a significant discount to replacement cost. Nestled on a quiet no-through road off Cornwall Avenue, the home features classic bay-front reception rooms, high ceilings, original sash windows, and a south-west facing garden.

Although the house requires full modernisation—ideal for buyers seeking to personalise finishes and improve layouts—it already benefits from a newly installed shower room and kitchen diner with conservatory access. The loft has excellent scope for conversion, subject to planning, adding further value and space.

Bounds Green amenities are on your doorstep: the bustling Wood Green High Road retail and dining district is moments away, and Alexandra Palace’s 196 hectare parkland offers year-round leisure. The Mall Wood Green, local markets, and a diverse multicultural restaurant scene enrich the neighbourhood.

With direct Tube links to central London and beyond, plus proximity to outstanding schools, this Victorian house N22 7DA is equally suited for down-sizers, professionals, or buy-to-let investors.

Key Takeaways:
• Below-market purchase at £775k vs GDV £950k (22.6% uplift)
• Chain free, probate sale on a sought-after residential street
• 1,055 sq ft of period charm with scope for loft conversion
• Excellent transport, schools, and local amenities

 

Financial Analysis

Figure 1: ROI Analysis by Renovation Scenario

Scenario Renovation Cost Total Investment Gross Profit ROI (%)
Low End £48,000 £839,500 £110,500 13.16
Mid Range £75,000 £866,500 £83,500 9.64
Standard High £97,000 £888,500 £61,500 6.92
Premium £115,000 £906,500 £43,500 4.80
Property for sale ROI analysis for 8 Cornwall Avenue, a Victorian 3-bedroom house in London N22: four bar and scatter charts show ROI by renovation scenario, investment breakdown, gross profit vs. total investment, and profit margins across refurbishment levels. Presented by Palace Auctions
Property for sale ROI analysis for Cornwall Avenue, a Victorian 3-bedroom house in London N22: four bar and scatter charts show ROI by renovation scenario, investment breakdown, gross profit vs. total investment, and profit margins across refurbishment levels. Presented by Palace Auctions

 

 

Income

Post-renovation potential rental income: £38,000 p.a. (est.)

Location

Cornwall Avenue sits on a quiet residential street in Bounds Green, within walking distance of Bounds Green Tube (Piccadilly Line) and Alexandra Palace BR. The Mall Wood Green, independent cafés, and local markets are all nearby. Families benefit from Ofsted-rated Trinity Primary and Heartland Secondary schools within 1 km.

Internal Link: Bounds Green Area Guide External Link: Haringey Council

Internal Linking Suggestion: How to Buy at Auction

Listing Updated: 05/09/2025 12:43 BST

 

 

Get in touch

Edward Swindells Auctioneer Consultant Auctioneer & Valuer

Map

To top

Important Notices & Guidance Notes

Important notices

Pre-registration approval to bid, guide prices, reserves, additional charges and other matters.

Pre-registration approval to bid Palace Auctions now require all bidders who wish to bid at our Auctions to register. All checks required by current anti-money laundering legislation must be satisfactorily completed as part of this process before prior approval to bid will be given.

Please use the links on our website to pre-register. Following approval to bid, the buyer named in your registration cannot be changed without the consent of the auctioneers.

Guide Prices

A guide price (to include a range of prices), is not an indication of the anticipated eventual selling price or a valuation; it is an indication of the minimum price ( “the Reserve” ) at which (or range of prices within which) the seller might be prepared to sell. The eventual sale price can and frequently does, exceed the guide price.

Where a range is given, the Reserve will sit within that range and will not exceed the top end of the range. Where a single figure Guide Price is given, the Reserve will be within 10%, upwards or downwards, of that figure.

The guide price may be subject to change up to and including the day of the auction. The latest published guide price (or range of prices) is displayed on our website, and you should check the website regularly for updates and on the day of the auction.

All guide prices are quoted “subject to contract”.

Please note the guide price for the Lot does not include: – any Buyers’ Fee charged by the auctioneers; – VAT on the sale price; – SDLT or any other Government taxes.

Additional costs and fees charged by the seller or third parties that might apply to some Lots and/or some buyers.

If a guide price is listed as “TBA”, it means no guide price has been set at present. Please do call our office about this. The guide price, or range of prices, will be published online immediately it becomes available and you should check the auction website regularly for updates and on the day of the auction.

Reserve Prices

The reserve price is the minimum price at which the Lot can be sold.

Whilst every effort is made to ensure that the advertised guide prices are up to date. it is possible that the reserve price set for any Lot may exceed the previously quoted guide price. This is because the seller may fix the final reserve price just before the Lot is offered for sale and you should check the website regularly for updates and on the day of the auction.

Palace Auctions, Residential and Commercial Auctions. Our content is meticulously curated by our seasoned professionals, specifically tailored for discerning property buyers. Our platform is best suited for experienced institutional or business buyers, as well as individuals equipped with the necessary knowledge and expertise to make informed purchasing decisions. We deal in properties that come with their own unique set of risks, which our sophisticated buyers understand. If you’re uncertain about meeting these prerequisites, we recommend seeking independent advice or reaching out to us directly.”

Buyers Premium 

A buyer’s premium is an additional charge that successful bidders are required to pay on top of their final bid price at a property auction. This fee is typically a percentage of the final bid and is paid directly to the auction house. It serves as a kind of commission for the auctioneer’s services. The exact percentage can vary depending on the auction house. At Palace Auctions our buyers premium on Property (Real Estate sales) is normally £5000 plus vat. It is usually clearly stated in the auction’s terms and conditions. It’s crucial for bidders to factor in the buyer’s premium when determining their maximum bid, as it significantly affects the total cost of the property.

Buyers’ fees, Seller’s fees and additional charges

For each Lot, a documentation charge / Fee is payable on the fall of the hammer to Palace Auctions as follows:

Residential Auctions – Lots sold for £10,000 or more: Buyers’ Fee of £1,500 inclusive of VAT.

Lots sold for less than £10,000: Buyers’ Fee of £500 inclusive of VAT.

Commercial Properties – All Lots: Buyers Fee £1,000 excluding VAT

Additional charges and fees might be charged by the seller and/or other third parties. You are strongly advised to read the Special Conditions of Sale for the Lot prior to bidding to check for any additional charges and fees and to check the addendum which might also (but does not always) contain details of such amounts.

VAT may be chargeable in addition to the sale price for the Lot. The auctioneer will announce this and will be contained within the particulars.

Other Matters

Please note that Lots may be sold or withdrawn at any time prior to auction.

Please note that the amount of Bidder Security (payable on application to bid at the auction) and the Buyer’s Fee may be varied from the standard amounts quoted upon or website or by a member of our sales team. So please check.

Please refer to the addendum, the Particulars and/or the conditions of sale.

Mapping data licensed from Ordnance Survey with the permission of the Controller of Her Majesty’s Stationery Office. © Crown Copyright. All rights reserved. Licence number 100022432. Location plans are reproduced from the Ordnance Survey mapping with the permission of Ordnance Survey on behalf of the Controller of Her Majesty’s Stationery Office, © Crown copyright and Database Rights 2018 OS 100060020

The plans and photographs shown in the catalogue are included in order to assist you in locating the Lot in question. They are not to be taken as drawn to scale and any arrows on plans or photographs are merely to assist you in finding the Lot, not for the purpose of indicating legal boundaries or which direction the lot is facing.

The Auctioneers do not warrant or represent that any plans or photographs show the up-to-date position with regard to occupiers either for the Lot or for any other properties shown in such plans or photographs.