2 Bed Flat, Single Let, London, NW7 3RX, £325,000

Hale Lane, London, NW7 3RX - 3 views - a year ago

Leasehold

BTL

ROI: 2%

~57 m²

+6 photos

ValuationOvervalued

Sold Prices	£180K - £675K
Sold Prices/m²	£3K/m² - £9K/m²

Square Metres	~56.50 m²
Price/m²	£5.8K/m²
Value Estimate	£303,533£303,533

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£81,250£81,250
Stamp Duty & Legal Fees	£14,700£14,700
Total Cash In	£95,950£95,950

Cash Out
Rent Range	£1,450 - £3,650£1,450 - £3,650
Rent Estimate	£1,538
Running Costs/mo	£1,343£1,343
Cashflow/mo	£195£195
Cashflow/yr	£2,337£2,337
ROI	2%2%
Gross Yield	6%6%

Local Sold Prices

50 sold prices from £180K to £675K, average is £350K. £3K/m² to £9K/m², average is £5.4K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£365K	09/22	0.04 mi	Flat 6, Grosvenor Court, Hale Lane, London, Greater London NW7 3RY	-	-	2	Flat
£370K	06/21	0.09 mi	17, Belgrave Close, London, Greater London NW7 3QG	£6,549	57	2	Flat
£180K	06/21	0.13 mi	133a, Hale Lane, Edgware, Greater London HA8 9QP	£3,462	52	2	Flat
£675K	03/21	0.2 mi	23, Hale Grove Gardens, London, Greater London NW7 3LR	£6,193	109	2	Flat
£554K	12/20	0.24 mi	4, Meridian Close, London, Greater London NW7 3TA	£5,276	105	2	Flat
£355K	10/20	0.26 mi	175, Hale Lane, Edgware, Greater London HA8 9QN	£5,071	70	2	Flat
£245K	03/21	0.29 mi	66, Hale Drive, London, Greater London NW7 3ED	-	-	2	Flat
£382K	01/21	0.34 mi	10a, Langley Park, London, Greater London NW7 2AA	£6,714	57	2	Flat
£530K	11/21	0.35 mi	167, Hale Drive, London, Greater London NW7 3EH	£9,009	59	2	Flat
£320K	05/21	0.44 mi	Flat 40, Northway Court, Green Avenue, London, Greater London NW7 4PY	-	-	2	Flat
£250K	01/23	0.46 mi	Flat 8, Greendale, Green Avenue, London, Greater London NW7 4QA	-	-	2	Flat
£289.5K	06/21	0.48 mi	Flat 6, Greendale, Green Avenue, London, Greater London NW7 4QA	-	-	2	Flat
£250K	05/21	0.5 mi	176, Deansbrook Road, Edgware, Greater London HA8 9DL	-	-	2	Flat
£470K	06/21	0.5 mi	85a, The Broadway, London, Greater London NW7 3TG	£4,653	101	2	Flat
£568.5K	11/23	0.54 mi	5, Woodland Way, London, Greater London NW7 2JP	£7,383	77	2	Flat
£410K	04/21	0.56 mi	26, Priory Field Drive, Edgware, Greater London HA8 9PU	-	-	2	Flat
£400K	01/21	0.56 mi	18, Priory Field Drive, Edgware, Greater London HA8 9PU	£5,063	79	2	Flat
£340K	12/20	0.61 mi	3, Storksmead Road, Edgware, Greater London HA8 0JW	£4,146	82	2	Flat
£285K	06/21	0.62 mi	303, Watling Avenue, Edgware, Greater London HA8 0ND	£5,377	53	2	Flat
£275.5K	10/21	0.62 mi	293, Watling Avenue, Edgware, Greater London HA8 0ND	£4,373	63	2	Flat
£340K	01/23	0.63 mi	Flat 10, Dean Court, Brook Avenue, Edgware, Greater London HA8 9XB	-	-	2	Flat
£318.2K	08/21	0.63 mi	Flat 1, Dean Court, Brook Avenue, Edgware, Greater London HA8 9XB	-	-	2	Flat
£350K	01/21	0.64 mi	Flat 8, Milldene, Daws Lane, London, Greater London NW7 4SN	-	-	2	Flat
£343.5K	12/20	0.64 mi	36, Westmere Drive, London, Greater London NW7 3HE	£5,367	64	2	Flat
£376K	06/23	0.64 mi	38, Westmere Drive, London, Greater London NW7 3HE	-	-	2	Flat
£347K	03/21	0.64 mi	30, Westmere Drive, London, Greater London NW7 3HE	£5,881	59	2	Flat
£335K	12/20	0.68 mi	Flat 1, Milldene, Daws Lane, London, Greater London NW7 4SN	-	-	2	Flat
£335K	12/20	0.68 mi	Flat 1, Milldene, Daws Lane, London, Greater London NW7 4SN	-	-	2	Flat
£350K	01/21	0.68 mi	Flat 8, Milldene, Daws Lane, London, Greater London NW7 4SN	-	-	2	Flat
£356.3K	06/21	0.68 mi	Flat 1, Milldene, Daws Lane, London, Greater London NW7 4SN	-	-	2	Flat
£347K	06/21	0.68 mi	47, Westmere Drive, London, Greater London NW7 3HG	-	-	2	Flat
£340K	04/21	0.68 mi	37, Westmere Drive, London, Greater London NW7 3HG	£5,152	66	2	Flat
£387K	03/23	0.68 mi	13, Westmere Drive, London, Greater London NW7 3HG	£6,047	64	2	Flat
£345K	12/22	0.68 mi	11, Westmere Drive, London, Greater London NW7 3HG	£5,074	68	2	Flat
£200K	09/21	0.68 mi	9, North Dene, London, Greater London NW7 3AT	£2,994	67	2	Flat
£600K	02/21	0.69 mi	10, Brook Avenue, Edgware, Greater London HA8 9XF	-	-	2	Flat
£365K	09/23	0.7 mi	4, Harcourt Avenue, Edgware, Greater London HA8 8YN	£5,530	66	2	Flat
£325K	03/21	0.7 mi	24, Laleham Avenue, London, Greater London NW7 3HL	£4,779	68	2	Flat
£375K	12/22	0.71 mi	56, Laleham Avenue, London, Greater London NW7 3HL	£5,282	71	2	Flat
£355K	03/21	0.72 mi	53, Laleham Avenue, London, Greater London NW7 3HN	-	-	2	Flat
£350K	06/21	0.73 mi	39, Laleham Avenue, London, Greater London NW7 3HN	£5,556	63	2	Flat
£312.5K	02/21	0.73 mi	58, Fernside Avenue, London, Greater London NW7 3AR	£4,883	64	2	Flat
£340K	09/22	0.75 mi	118, The Fairway, London, Greater London NW7 3HR	£5,152	66	2	Flat
£388K	07/23	0.75 mi	52, Fairfield Crescent, Edgware, Greater London HA8 9AH	£6,707	58	2	Flat
£325K	12/22	0.76 mi	36, Colchester Road, Edgware, Greater London HA8 0RA	£5,804	56	2	Flat
£365K	02/23	0.77 mi	50, The Fairway, London, Greater London NW7 3HP	£6,083	60	2	Flat
£385K	11/22	0.78 mi	46, The Fairway, London, Greater London NW7 3HP	£8,953	43	2	Flat
£434K	08/23	0.78 mi	Flat 1, Byron Court, Byron Road, London, Greater London NW7 4AG	-	-	2	Flat
£380K	03/23	0.78 mi	3, Drive Court, Edgware, Greater London HA8 8PP	£5,846	65	2	Flat
£420K	11/22	0.82 mi	42a, Tennyson Road, London, Greater London NW7 4AS	£5,526	76	2	Flat

Local Rents

55 rents from £1.4K/mo to £3.6K/mo, average is £1.9K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,500	02/24	0.01 mi	-	2	Flat
£1,500	02/24	0.01 mi	-	2	Flat
£1,500	02/24	0.01 mi	-	2	Flat
£1,600	10/24	0.01 mi	-	2	Flat
£1,850	03/25	0.03 mi	-	2	Flat
£3,200	08/24	0.05 mi	Lofts Grenville Place, London, NW7	2	Flat
£3,200	10/24	0.05 mi	-	2	Flat
£3,000	08/24	0.06 mi	Grenville Place, Mill Hill, London, NW7	2	Flat
£3,000	08/24	0.06 mi	Grenville Place, Mill Hill, London, NW7	2	Flat
£3,200	03/24	0.07 mi	Grenville Place, NW7	2	Flat
£1,900	06/24	0.08 mi	Grenville Place, London, NW7 3SF	2	Semi-Detached House
£1,900	07/24	0.08 mi	Grenville Place, London, NW7 3SF	2	Semi-Detached House
£1,700	08/24	0.09 mi	Belgrave Close, Mill Hill, NW7	2	Flat
£1,825	06/24	0.17 mi	Linden Court, London, NW7	2	Flat
£1,750	09/24	0.17 mi	-	2	Flat
£1,850	07/24	0.17 mi	Sefton Avenue, Mill Hill, London, NW7	2	Flat
£1,850	08/24	0.17 mi	Sefton Avenue, Mill Hill, London, NW7	2	Flat
£1,800	10/24	0.2 mi	-	2	Flat
£3,650	02/25	0.21 mi	-	2	Flat
£1,700	04/24	0.21 mi	Hale Lane, Edgware, HA8	2	Flat
£2,000	01/25	0.28 mi	-	2	Flat
£1,712	07/24	0.29 mi	-	2	Flat
£1,800	07/24	0.32 mi	Millway, London, NW7	2	Semi-Detached House
£1,800	09/24	0.33 mi	-	2	Flat
£2,300	10/24	0.33 mi	-	2	Flat
£2,000	08/24	0.33 mi	-	2	Flat
£1,750	02/25	0.34 mi	-	2	Flat
£1,750	12/24	0.34 mi	-	2	Flat
£2,000	06/24	0.34 mi	Langley Park, Mill Hill	2	Flat
£1,750	12/24	0.35 mi	-	2	Flat
£1,800	06/24	0.35 mi	-	2	Flat
£1,850	02/25	0.36 mi	-	2	Flat
£1,850	02/25	0.36 mi	-	2	Flat
£1,700	02/25	0.36 mi	-	2	Flat
£1,875	07/24	0.36 mi	-	2	Flat
£1,800	12/24	0.37 mi	-	2	Terraced House
£2,300	09/24	0.37 mi	-	2	Flat
£1,900	02/24	0.39 mi	-	2	Flat
£1,700	06/24	0.39 mi	Watford Way, London, NW7	2	Flat
£1,450	06/24	0.4 mi	The Broadway, Mill Hill, NW7	2	Flat
£1,500	09/24	0.4 mi	Station Road, Mill Hill, NW7	2	Flat
£2,300	09/24	0.41 mi	-	2	Flat
£1,850	06/24	0.42 mi	The Broadway, London, NW7	2	Flat
£1,850	08/24	0.42 mi	The Broadway, London, NW7	2	Flat
£1,998	07/24	0.43 mi	Marchant Close, Mill Hill, London, NW7	2	Flat
£1,998	08/24	0.43 mi	Marchant Close, Mill Hill, London, NW7	2	Flat
£2,000	02/24	0.44 mi	-	2	Flat
£2,000	02/24	0.44 mi	-	2	Flat
£2,000	02/25	0.44 mi	-	2	Flat
£2,300	04/24	0.46 mi	Highview Avenue, Edgware, HA8	2	Bungalow
£1,950	04/24	0.46 mi	Deansbrook Road, Edgware, Middlesex, HA8	2	Terraced House
£1,650	09/24	0.46 mi	-	2	Flat
£1,780	08/24	0.46 mi	Green Avenue, London, NW7	2	Flat
£1,760	08/24	0.46 mi	Green Avenue, London, NW7	2	Flat
£1,800	09/24	0.48 mi	-	2	Flat

Local Area Statistics

Population in NW7	25,13125,131
Population in London	4,771,9214,771,921
Town centre distance	8.89 miles away8.89 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	0.42 miles away0.42 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+15%+15%
Sales demand	Buyer's marketBuyer's market
Capital growth (5yrs)	+5%+5%

Property History

Price changed to £325,000

September 25, 2024

Listed for £335,000

October 27, 2023

Floor Plans

Description

A Two Bedroom Apartment, On Hale Lane! +
Ground Floor +
Chain Free +
Separate Kitchen, Complete To A Modern Standard +
Communal Gardens +
Resident Parking Being Available +
Spacious Lounge With Original Solid Wood Parquet Flooring Throughout +
Only 0.5 Miles From Mill Hill Broadway Station +
'New Boiler installed March 2023' +

Joseph Scott Presents - A Two Bedroom, Chain Free Ground Floor Apartment, Located On The Extremely Sought After Road, Hale Lane!This Property Comprises Of A Spacious Lounge, Complete With Original Solid Wood Parquet Flooring Throughout And Bay Window, Looking Out Into The Communal GardensThis Property Also Includes A Separate Kitchen, Complete To A Modern Standard, Family Bathroom And Two Larger Than Average Double BedroomsFurther Benefits Is Resident Parking Being Available As Well As This Property Being Located Close To Key Transport Links And Amenities, Only 0.5 Miles From Mill Hill Broadway StationTenure - Lease - 85 Years RemainingService Charge - £2166 Per Year

Agent Details

Joseph Scott, Edgware

020 8103 0691

Next Steps?

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

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