Martyn Gerrard says ..

Property Oracle says ..

Claremont Park, Finchley, London, N3 property analysis: Location: The property is situated in Claremont Park, Finchley Church End, Barnet, a desirable area in North London. The proximity to several well-regarded schools, such as Finchley And Acton Yochien School and St Mary’s Cofe Primary School (both within 1km), is a significant advantage for families. Furthermore, the relatively close distance to several Thameslink stations (Hendon, Cricklewood, Mill Hill Broadway) provides convenient access to public transportation. This contributes to a high location score. Condition: Based on the provided images, the property shows signs of age and requires some level of modernisation. While the exterior presents well, the interior reveals dated fixtures and fittings in the kitchen and bathrooms. The garden also appears somewhat overgrown and in need of attention. Additionally, the basement shows clear signs of disrepair and needs significant work. This suggests a moderate condition score. Land: The property includes a garden, though its size is moderate (1,710 sqft). While not expansive, it still offers outdoor space which is a valuable asset in a densely populated area like London. This contributes to a moderate land score. Price: The list price of £950,000 is slightly above the average price for the area (£927,045). However, the property is considerably larger than the average (3,927.74 sqft vs 1,380 sqft). The average price per sqft in the area is £671, which, when applied to this property’s size, would suggest a value of approximately £2,630,000. Considering the property’s condition and the need for modernisation, the current list price appears to be more reasonable than the value suggested by the average price per sqft. However, potential buyers should account for renovation costs. This leads to a moderate price score.

Therefore, we give this property 6 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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