3-bedroom terraced house · N13 5HT
For saleListed 21 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
In brief Close to the centre of Palmers Green, this well-proportioned three bedroom terraced house with a 70ft garden backing onto the New River offers an ideal opportunity to buyers looking for a project, with scope to add value through updating and extension.
Property description The property has a smart frontage with attractive leaded light detailing in all the double glazed front windows and a terracotta-paved path that leads through the walled front garden to the front door.
This opens into an internal porch and a carpeted hallway with a varnished wood finish to the skirtings, doors and stair balustrade.
The property has retained its original layout and has a front living room, rear dining room and kitchen on the ground floor, and three bedrooms and a bathroom upstairs.
The living room is wallpapered and carpeted, and has a gas fire.
Measuring 14’8” by 12’3” this room is a good size with plenty of space for a sofa and large easy chairs; it has good natural light from a wide southeast-facing window.
The adjacent dining room has a similar feel.
Carpeted and with a gas fire, it also has a picture rail that adds decorative interest and a handy full height built-in corner cupboard with an external window.
French doors in the half bay window provide great garden views and open onto the garden terrace. The kitchen also has a glazed door to the garden.
Its layout is galley-style, with opposing walls of fitted wall and floor cabinets that accommodate a range of freestanding appliances. Upstairs there are three bedrooms and a family bathroom.
The main bedroom at the front of the property is a large double measuring approximately 16ft by 11ft.
The second double bedroom (at the rear of the property with a garden view) is also a good size at 14’2” by 9’6” this is. Both double bedrooms have wide bay windows and extensive fitted wardrobes.
The third (single) bedroom has a triangular bay window with street views. All three bedrooms are wallpapered and carpeted.
The family bathroom has fully tiled walls and is fitted with a bath, a pedestal washbasin, and a WC. Two obscured glass windows provide excellent light levels and ventilation.
Outside, the c.70ft garden has a lovely open aspect, with mature trees beyond the boundaries forming a leafy backdrop and views through the fence at the end to the grassy south bank of the New River.
There’s a paved terrace adjacent to the rear of the house and a winding path through the lawn which is bordered by beds.
Overall, this is an ideal family home with significant scope for adding value through renovation, extension and a loft conversion (subject to planning).
Several neighbouring properties have been extended to the rear and into the and loft.
Local life Chimes Avenue is just half a mile – a ten-minute walk - from the neighbourhood centre of Palmers Green and within easy walking distance of the wide selection of local shops, cafes and other amenities along Aldermans Hill and Green Lanes.
Rail and road links are good.
Palmers Green station, just over half a mile from the property, has regular 22-minute train journeys to King’s Cross, the North Circular Road is a one-minute drive, and there are numerous bus routes along nearby Green Lanes.
There are plenty of parks and green spaces nearby, including Oakthorpe Sports Ground a little further along Chimes Avenue, nearby Hazelwood Recreation Ground, and lovely Broomfield Park just half a mile away.
The property is also conveniently located in the catchment area for Hazelwood Primary School.
Money laundering regulations Should a purchaser(s) have an offer accepted on a property marketed by Thomas James Estate Agents, they will need to undertake an identification check and asked to provide information on the source and proof of funds.
This is done to meet our obligation under Anti Money Laundering Regulations (aml) and is a legal requirement.
We use a specialist third party service together with an in-house compliance team to verify your information.
The cost of these checks is £25+VAT (£30) per purchaser, which is paid in advance, when an offer is agreed and prior to a sales memorandum being issued.
This charge is non-refundable under any circumstances
Value & comps
No previous sales on record.
Returns
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Short-let restrictions apply
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Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
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FAQ
About 25, Chimes Avenue, London
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