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 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[/caption]
