3 Bed Flat, Single Let, London, NW10 5DL, £655,000

Rainham Road, Kensal Green NW10 5DL - 2 views - 2 years ago

Under Offer

Leasehold

BTL

~93 m²

+6 photos

ValuationUndervalued

Sold Prices	£390K - £2.8M
Sold Prices/m²	£5.5K/m² - £16.8K/m²

Square Metres	~93 m²
Price/m²	£7K/m²
Value Estimate	£740,940£740,940
BMV	13%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£163,750£163,750
Stamp Duty & Legal Fees	£41,100£41,100
Total Cash In	£204,850£204,850

Cash Out
Rent Range	£2,197 - £5,300£2,197 - £5,300
Rent Estimate	£2,338
Running Costs/mo	£2,534£2,534
Cashflow/mo	£-196£-196
Cashflow/yr	£-2,358£-2,358
Gross Yield	4%4%

Local Sold Prices

40 sold prices from £390K to £2.8M, average is £647.5K. £5.5K/m² to £16.8K/m², average is £8.1K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£687.5K	08/23	0.22 mi	Lower Maisonette, 26, Linden Avenue, London, Greater London NW10 5RE	-	-	3	Flat
£847.5K	10/23	0.22 mi	37b, Ashburnham Road, London, Greater London NW10 5SB	-	-	3	Flat
£785K	06/23	0.22 mi	37a, Ashburnham Road, London, Greater London NW10 5SB	-	-	3	Flat
£1000K	02/21	0.25 mi	198a, Purves Road, London, Greater London NW10 5TG	£14,684	68	3	Flat
£1.1M	11/22	0.33 mi	78, Oliphant Street, London, Greater London W10 4EF	£12,310	86	3	Flat
£575K	09/23	0.4 mi	Ground Floor Flat, 27, Buchanan Gardens, London, Greater London NW10 5AD	£7,667	75	3	Flat
£425K	06/21	0.42 mi	Flat 44, Kensal House, Ladbroke Grove, London, Greater London W10 5BQ	-	-	3	Flat
£940K	05/24	0.42 mi	48, First Floor Flat, Harvist Road, London, Greater London NW6 6SH	£16,786	56	3	Flat
£925K	08/23	0.45 mi	First Floor Flat, 2, Keslake Road, London, Greater London NW6 6DL	£12,671	73	3	Flat
£535K	05/21	0.45 mi	147a, Kilburn Lane, London, Greater London W10 4AX	£9,330	57	3	Flat
£840K	06/23	0.46 mi	33a, Creighton Road, London, Greater London NW6 6EE	-	-	3	Flat
£800K	06/21	0.51 mi	First Floor Flat, 80, Leighton Gardens, London, Greater London NW10 3PU	£11,268	71	3	Flat
£540K	02/21	0.53 mi	60, Barlby Road, London, Greater London W10 6AP	£7,606	71	3	Flat
£800K	06/21	0.55 mi	6, Hill Farm Road, London, Greater London W10 6DN	-	-	3	Flat
£635K	09/23	0.57 mi	5b, Wrottesley Road, London, Greater London NW10 5XA	-	-	3	Flat
£390K	01/24	0.57 mi	215, Kilburn Lane, London, Greater London W10 4BQ	£8,142	48	3	Flat
£630K	05/21	0.6 mi	55, Oakworth Road, London, Greater London W10 6DF	£8,182	77	3	Flat
£815K	04/23	0.64 mi	5b, Lushington Road, London, Greater London NW10 5UX	-	-	3	Flat
£505K	06/23	0.68 mi	31b, Wrottesley Road, London, Greater London NW10 5UT	-	-	3	Flat
£1.1M	01/24	0.7 mi	6b, Harvist Road, London, Greater London NW6 6SD	-	-	3	Flat
£2.8M	03/23	0.71 mi	Upper Maisonette, 61, Faraday Road, London, Greater London W10 5SF	-	-	3	Flat
£580K	04/21	0.77 mi	78a, Furness Road, London, Greater London NW10 5UE	-	-	3	Flat
£960K	02/23	0.8 mi	92a, Salusbury Road, London, Greater London NW6 6PA	-	-	3	Flat
£677.5K	01/23	0.8 mi	17a, Ridley Road, London, Greater London NW10 5UB	£8,897	76	3	Flat
£665K	09/23	0.81 mi	39, Ridley Road, London, Greater London NW10 5UB	-	-	3	Flat
£620K	03/21	0.81 mi	3a, Ridley Road, London, Greater London NW10 5UB	£5,536	112	3	Flat
£576K	01/23	0.82 mi	Ground Floor Flat, 100, Holland Road, London, Greater London NW10 5AY	£6,545	88	3	Flat
£530K	11/20	0.82 mi	First Floor Flat, 102, Holland Road, London, Greater London NW10 5AY	£6,386	83	3	Flat
£500K	09/23	0.82 mi	First Floor Flat, 44, Ridley Road, London, Greater London NW10 5UA	-	-	3	Flat
£540K	03/21	0.82 mi	6, Ridley Road, London, Greater London NW10 5UA	£7,826	69	3	Flat
£485K	11/21	0.84 mi	21c, Hormead Road, London, Greater London W9 3NQ	-	-	3	Flat
£780K	05/23	0.86 mi	Flat 2, Trinity Court, Croxley Road, London, Greater London W9 3HD	-	-	3	Flat
£600K	01/21	0.86 mi	34a, St Ervans Road, London, Greater London W10 5YE	£8,108	74	3	Flat
£520K	06/21	0.87 mi	36b, Wornington Road, London, Greater London W10 5YF	£6,582	79	3	Flat
£645K	07/21	0.91 mi	46a, Lydford Road, London, Greater London W9 3LX	-	-	3	Flat
£650K	01/24	0.91 mi	Flat 78, Clarendon Court, Sidmouth Road, London, Greater London NW2 5HD	-	-	3	Flat
£872.5K	05/21	0.93 mi	First And Second Floor Maisonette, 7, Raddington Road, London, Greater London W10 5TF	-	-	3	Flat
£735K	04/23	0.96 mi	17a, Lydford Road, London, Greater London W9 3LU	£6,743	109	3	Flat
£537.5K	06/21	1 mi	27, Burlington Close, London, Greater London W9 3LY	£6,108	88	3	Flat
£559K	06/21	1 mi	219, Tavistock Crescent, London, Greater London W11 1AE	-	-	3	Flat

Local Rents

50 rents from £2.2K/mo to £5.3K/mo, average is £3.1K/mo.

Rent	Date	Distance	Address	Beds	Type
£2,850	02/25	0.09 mi	-	3	Flat
£3,850	07/24	0.14 mi	Mortimer Road, NW10	3	House
£3,500	08/24	0.16 mi	Langler Road, Kensal Rise, London, NW10	3	House
£3,900	09/24	0.17 mi	Burrows Road, Kensal Green, London, NW10	3	Flat
£4,750	06/24	0.2 mi	Mostyn Gardens, London, NW10	3	Terraced House
£2,350	03/24	0.21 mi	Chamberlayne Road, Kensal Green NW10	3	Flat
£2,250	06/24	0.22 mi	Langler Road, London, NW10	3	Flat
£2,700	11/24	0.22 mi	-	3	Flat
£2,700	11/24	0.22 mi	-	3	Flat
£2,700	11/24	0.22 mi	-	3	Flat
£2,650	01/25	0.22 mi	-	3	Flat
£2,650	03/25	0.22 mi	-	3	Flat
£2,600	04/25	0.22 mi	-	3	Flat
£3,700	08/24	0.23 mi	Harrow Road, London, NW10	3	Flat
£3,250	06/24	0.23 mi	College Road, London, NW10	3	Terraced House
£3,250	07/24	0.25 mi	Purves Road, Kensal Rise	3	Flat
£5,300	04/25	0.25 mi	-	3	Flat
£3,400	06/24	0.32 mi	Keslake Road, London, United Kingdom, NW6	3	Terraced House
£3,400	06/24	0.32 mi	Keslake Road, Queen's Park, NW6	3	Terraced House
£2,850	10/24	0.33 mi	133 Kilburn Lane Kensal Rise W10	3	Flat
£3,400	06/24	0.33 mi	Keslake Road, Queen's Park, London, NW6	3	Flat
£3,025	07/24	0.33 mi	Clifford Gardens, London, NW10	3	Flat
£2,500	02/24	0.34 mi	-	3	Flat
£2,650	03/25	0.34 mi	-	3	Flat
£2,750	06/24	0.37 mi	Chamberlayne Road, London, NW10	3	Flat
£2,850	10/24	0.37 mi	-	3	Flat
£3,000	10/24	0.37 mi	-	3	Flat
£5,100	02/24	0.39 mi	-	3	Flat
£3,500	04/25	0.39 mi	-	3	Flat
£3,500	04/25	0.39 mi	-	3	Flat
£4,600	04/25	0.4 mi	-	3	Detached House
£3,500	02/24	0.41 mi	-	3	Terraced House
£3,400	06/24	0.41 mi	-	3	Flat
£3,150	06/24	0.43 mi	-	3	Flat
£3,450	07/24	0.43 mi	Kempe Road, Queens Park NW6	3	Terraced House
£3,500	06/24	0.47 mi	Liddell Gardens, London, NW10	3	Terraced House
£3,300	09/24	0.47 mi	Liddell Gardens, London, NW10	3	Terraced House
£3,500	06/24	0.47 mi	-	3	Terraced House
£3,250	09/24	0.47 mi	-	3	Terraced House
£2,950	11/24	0.47 mi	-	3	Terraced House
£3,250	08/24	0.49 mi	-	3	Flat
£3,000	08/24	0.49 mi	-	3	Flat
£3,000	08/24	0.49 mi	-	3	Flat
£3,000	08/24	0.5 mi	-	3	Flat
£3,000	08/24	0.5 mi	Wrentham Avenue, London, NW10	3	Flat
£3,000	07/24	0.5 mi	Chamberlayne Road, Kensal Rise NW10	3	Flat
£3,575	10/24	0.5 mi	Southern Row, Ladbroke Grove, London, W10	3	Flat
£2,500	06/24	0.5 mi	Milman Road, Queens Park, London	3	Flat
£2,197	07/24	0.51 mi	Leighton Gardens, Kensal Rise NW10	3	Flat
£2,500	06/24	0.52 mi	Leighton Gardens, Kensal Rise, London	3	Flat

Local Area Statistics

Population in NW10	91,82091,820
Population in London	4,771,9214,771,921
Town centre distance	4.96 miles away4.96 miles away
Nearest school	0.30 miles away0.30 miles away
Nearest train station	0.16 miles away0.16 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+8%+8%
Sales demand	Buyer's marketBuyer's market
Capital growth (5yrs)	+14%+14%

Property History

Listed for £655,000

April 19, 2023

Floor Plans

Description

Incredible first floor apartment split-level +
Three double bedrooms +
Newly refurbished to a very high standard +
Long lease +
Chain free +
Ultra modern separate kitchen +
Two bathrooms (one en-suite) +
Double glazed windows with double opening +
Fantastic location +
Close to shops and transports +

Offered in exquisite condition, the property boasts a fantastic 17ft reception room with bay windows, a contemporary separate fully fitted kitchen with high quality appliances, three double bedrooms and two modern bathrooms (one en-suite).

Recently finished to a very high standard, the flat also benefits from double glazed windows with double opening, wood flooring throughout, high ceilings and an abundance of storage space and natural light.

Rainham Road is an extremely popular residential road and this property is ideally located for Chamberlayne Road, College Road and Salusbury Road's many restaurants, pubs, vintage shops with Kensal Rise (Overground), Kensal Green and Queens Park (Bakerloo line & Overland) stations plus numerous bus routes.

RECEPTION ROOM 16' 9" x 14' 1" (5.11m x 4.29m)

MASTER BEDROOM 12' 2" x 10' 10" (3.71m x 3.3m)

KITCHEN 7' 10" x 7' 7" (2.39m x 2.31m)

BATHROOM

BEDROOM 11' 2" x 11' 2" (3.4m x 3.4m)

BEDROOM 11' 10" x 8' 10" (3.61m x 2.69m)

ENSUITE

Agent Details

Mile, Kensal Rise

020 8968 6000

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪

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