2 Bed Flat, Single Let, London, NW7 1HH, £360,000

14 Thornbury Close, London, Greater London, NW7 1HH - 3 views - a year ago

Leasehold
BTL
ROI: 3%
~53 m²
+4 photos

ValuationFair Value

Sold Prices£228.8K - £653K
Sold Prices/m²£3.7K/m² - £9.3K/m²

 

 

Square Metres

~52.90 m²
Price/m²£6.8K/m²

Value Estimate

£353,121

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£90,000

Stamp Duty & Legal Fees

£17,500

Total Cash In

£107,500

 

 

Cash Out

 

Rent Range

£1,500 - £4,500

Rent Estimate

£1,731

Running Costs/mo

£1,491

Cashflow/mo

£240

Cashflow/yr

£2,878

ROI

3%

Gross Yield

6%

Local Sold Prices

50 sold prices from £228.8K to £653K, average is £400K. £3.7K/m² to £9.3K/m², average is £6.7K/m².

PriceDateDistanceAddressBeds 
£410K12/200 mi6, Thornbury Close, London, Greater London NW7 1HH2
£400K03/210.05 mi38, Shillingford Close, London, Greater London NW7 1HQ2
£400K02/240.06 mi9, Shillingford Close, London, Greater London NW7 1HQ2
£400K04/210.06 mi40, Shillingford Close, London, Greater London NW7 1HQ2
£395K07/230.06 mi29, Shillingford Close, London, Greater London NW7 1HQ2
£535K06/210.14 mi5, Honiton Gardens, London, Greater London NW7 1GF2
£405K06/210.14 mi10, Honiton Gardens, London, Greater London NW7 1GF2
£325K02/230.14 mi16, Seaton Square, London, Greater London NW7 1GB2
£420K06/210.14 mi20, Seaton Square, London, Greater London NW7 1GB2
£355K09/210.15 mi11, Sanders Lane, London, Greater London NW7 1BX2
£340K03/230.16 miFlat 33, Bittacy Court, Bittacy Hill, London, Greater London NW7 1HY2
£350K11/200.17 mi11a, Bittacy Hill, London, Greater London NW7 1HS2
£286K06/210.2 miFlat 15, Dollis Croft, Bittacy Hill, London, Greater London NW7 1HP2
£228.8K09/230.21 mi12a, Bittacy Hill, London, Greater London NW7 1LB2
£305K02/210.26 miFlat 20, Thornfield Court, Holders Hill Road, London, Greater London NW7 1LW2
£343.5K04/230.33 mi20, Frith Court, London, Greater London NW7 1JP2
£395K10/200.33 mi44, Frith Court, London, Greater London NW7 1JP2
£391.8K03/210.33 mi12, Frith Court, London, Greater London NW7 1JP2
£375K06/210.33 mi33, Frith Court, London, Greater London NW7 1JP2
£395K06/210.33 mi73, Bray Road, London, Greater London NW7 1SL2
£325K03/230.33 mi121, Bray Road, London, Greater London NW7 1SL2
£653K06/210.35 mi157, Holders Hill Road, London, Greater London NW7 1ND2
£390K09/220.55 mi12a, Milespit Hill, London, Greater London NW7 2PL2
£410K04/210.55 miGround Floor Maisonette, 83, Dollis Road, London, Greater London N3 1RD2
£450K12/220.55 mi28, Gordon Road, London, Greater London N3 1EJ2
£450K08/230.55 mi55a, Dollis Road, London, Greater London N3 1RD2
£436K03/210.55 mi55b, Dollis Road, London, Greater London N3 1RD2
£390K05/230.57 miFlat 4, Timberdene, Holders Hill Road, London, Greater London NW4 1LA2
£415K12/200.57 miFlat 19, Timberdene, Holders Hill Road, London, Greater London NW4 1LA2
£460K06/210.6 mi70a, Elm Park Road, London, Greater London N3 1EB2
£235K12/200.6 mi70, Eversleigh Road, London, Greater London N3 1JA2
£590K12/200.61 miGround Floor Flat, 25, Elm Park Road, London, Greater London N3 1EG2
£415K11/200.63 mi51, Grosvenor Road, London, Greater London N3 1EY2
£415K04/210.63 mi15a, Dollis Road, London, Greater London N3 1RB2
£360K06/210.64 miFlat 12, Fernside Court, Holders Hill Road, London, Greater London NW4 1JT2
£450K06/210.64 mi61, Grosvenor Road, London, Greater London N3 1EY2
£575K05/210.64 mi45, Grosvenor Road, London, Greater London N3 1EY2
£460K04/210.66 mi18, Grosvenor Road, London, Greater London N3 1EX2
£425K04/210.66 miFlat 11, Dollis Court, Crescent Road, London, Greater London N3 1HR2
£485K03/210.68 miFlat 2, Georgian Court, Dollis Avenue, London, Greater London N3 1TY2
£505K08/230.68 miFlat 1, Georgian Court, Dollis Avenue, London, Greater London N3 1TY2
£500K06/210.71 mi57, Dollis Park, London, Greater London N3 1HJ2
£625K02/210.72 mi3b, St Marys Avenue, London, Greater London N3 1SN2
£405K03/230.8 miFlat 17, Norman Court, Nether Street, London, Greater London N3 1QQ2
£320K12/200.81 miFlat 9, Claydon House, Holders Hill Road, London, Greater London NW4 1LS2
£390K01/210.81 miFlat 32, Claydon House, Holders Hill Road, London, Greater London NW4 1LS2
£345K10/230.81 miFlat 26, Claydon House, Holders Hill Road, London, Greater London NW4 1LS2
£375K03/210.81 miFlat 33, Claydon House, Holders Hill Road, London, Greater London NW4 1LS2
£410K06/210.81 miFlat 7, Paul Court, Windsor Road, London, Greater London N3 3SP2
£262K06/210.85 miFlat 2, Bibsworth Lodge, Bibsworth Road, London, Greater London N3 3RN2

Local Rents

50 rents from £1.5K/mo to £4.5K/mo, average is £2.3K/mo.

RentDateDistanceAddressBeds 
£1,95003/250.01 mi-2
£2,25004/250.04 mi-2
£2,35001/250.05 mi-2
£1,50003/250.06 mi-2
£1,89506/240.07 miShillingford Close, Mill Hill, NW72
£1,90009/240.12 mi-2
£1,75006/240.13 miHoniton Gardens, Mill Hill East, NW72
£2,10006/240.13 miHoniton Gardens, Mill Hill2
£2,40002/240.13 mi-2
£2,40002/240.13 mi-2
£2,50005/240.13 mi-2
£2,50006/240.13 mi-2
£2,20006/240.14 miBrooklime Apartments, Bittacy Hill, Mill Hill2
£1,89508/240.15 mi-2
£1,79509/240.15 mi-2
£1,90010/240.15 mi-2
£1,90007/240.16 miTiverton Way, Mill Hill2
£2,29706/240.16 miFoxglove Apartments, Mill Hill, London, NW72
£2,25006/240.16 miBittacy Hill, London, NW72
£2,20006/240.16 miBittacy Hill, London, NW72
£1,85009/240.16 miLangstone Way, Mill Hill, London2
£2,40003/250.17 mi-2
£2,40008/240.17 miBittacy Hill, Millbrook Park, NW72
£2,35007/240.17 miMill Hill, London, NW72
£2,30006/240.17 miTamarind Court, London, NW72
£2,10006/240.17 mi-2
£1,90006/240.17 miDevonshire Road, Mill Hill, NW72
£3,50003/250.19 mi-2
£1,90008/240.2 miBittacy Hill, Mill Hill2
£2,55703/240.2 miPlaza Collection, Explorer Way, Mill Hill NW72
£3,05009/240.2 mi-2
£3,05007/240.2 miBittacy Hill, London, NW72
£2,55007/240.2 mi-2
£2,60011/240.2 mi-2
£2,40006/240.2 miRoyal Engineers Way, Mill Hill2
£4,50003/250.2 mi-2
£2,25006/240.2 miRoyal Engineers Way, Millbrook Park, NW72
£2,00003/250.21 mi-2
£2,35003/250.21 mi-2
£2,40006/240.21 mi-2
£2,40002/250.21 mi-2
£2,40007/240.21 miRoyal Engineers Way, Millbrook Park, NW7 1SX2
£2,30006/240.21 miAnemone Apartments, Bittacy Hill, Mill Hill, NW7 2
£2,40007/240.21 miRoyal Engineers Way, Millbrook Park, NW7 1SX2
£2,85001/250.21 mi-2
£1,70003/240.21 miHill Court, Bittacy Road, London, NW72
£1,65003/250.22 mi-2
£2,30008/240.23 mi-2
£1,95006/240.23 miAbercorn Road, Mill Hill East2
£2,40007/240.23 mi-2

Local Area Statistics

Population in NW7

25,131

Population in London

4,771,921

Town centre distance

7.11 miles away

Nearest school

0.30 miles away

Nearest train station

0.11 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+15%

Sales demand

Buyer's market

Capital growth (5yrs)

+5%

Property History

Listed for £360,000

January 24, 2024

Sold for £225,000

2006

Sold for £229,950

2004

Floor Plans

Description

  • 2 Bedrooms +
  • 1 Bathroom +
  • 1 Living room +
  • Modern semi-open plan kitchen +
  • Allocated parking +
  • Chain free +
  • Council Tax Band E +
  • 900+ year lease +
  • Ground floor +
  • 0.1m to tube +

This two bedroom ground floor apartment offers modern accommodation combined with being close to a supermarket, doctor’s surgery and gym which are across the road from the property.

The Owners Loves
"We have let this out for a number of years and the property hasn’t been vacant even for a day"
"The building and grounds are always well maintained"
"There are numerous parks and green spaces surrounding the property and you can benefit from excellent commuter links"

We've Noticed
This property will likely achieve around £22,000 pa giving you just over a 5% yield.
These properties are very popular with both first time buyers and investors.

Agent Details

Martyn Gerrard, Mill Hill

020 3870 3396

Next Steps?

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