2 Bed Flat, Single Let, London, NW7 2LL, £305,000

The Rise, London, NW7 2LL - a year ago

Leasehold

BTL

ROI: 3%

~58 m²

+3 photos

ValuationUndervalued

Sold Prices	£180K - £675K
Sold Prices/m²	£3.5K/m² - £7.7K/m²

Square Metres	~57.50 m²
Price/m²	£5.3K/m²
Value Estimate	£324,422£324,422
BMV	6%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£76,250£76,250
Stamp Duty & Legal Fees	£19,200£19,200
Total Cash In	£95,450£95,450

Cash Out
Rent Range	£1,500 - £3,000£1,500 - £3,000
Rent Estimate	£1,548
Running Costs/mo	£1,283£1,283
Cashflow/mo	£265£265
Cashflow/yr	£3,183£3,183
ROI	3%3%
Gross Yield	6%6%

Local Sold Prices

38 sold prices from £180K to £675K, average is £350K. £3.5K/m² to £7.7K/m², average is £5.6K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£390K	04/23	0.01 mi	Flat 1, Sunrise View, The Rise, London, Greater London NW7 2LL	-	-	2	Flat
£435K	11/21	0.16 mi	1, Bloomsbury Close, London, Greater London NW7 2DT	£7,373	59	2	Flat
£295K	12/20	0.22 mi	40, Rowlands Close, London, Greater London NW7 2DN	£4,836	61	2	Flat
£344K	03/21	0.22 mi	68, Rowlands Close, London, Greater London NW7 2DN	£5,733	60	2	Flat
£344K	01/21	0.22 mi	61, Rowlands Close, London, Greater London NW7 2DN	£5,642	61	2	Flat
£295K	08/23	0.22 mi	41, Rowlands Close, London, Greater London NW7 2DN	£5,000	59	2	Flat
£568.5K	11/23	0.31 mi	5, Woodland Way, London, Greater London NW7 2JP	£7,383	77	2	Flat
£365K	09/23	0.31 mi	Flat 14, Holland Court, Page Street, London, Greater London NW7 2DJ	-	-	2	Flat
£385K	06/21	0.35 mi	Flat 23, Page Court, Page Street, London, Greater London NW7 2DY	-	-	2	Flat
£335K	12/20	0.42 mi	Flat 1, Milldene, Daws Lane, London, Greater London NW7 4SN	-	-	2	Flat
£335K	12/20	0.42 mi	Flat 1, Milldene, Daws Lane, London, Greater London NW7 4SN	-	-	2	Flat
£350K	01/21	0.42 mi	Flat 8, Milldene, Daws Lane, London, Greater London NW7 4SN	-	-	2	Flat
£510K	08/23	0.43 mi	4, Tithe Close, London, Greater London NW7 2QD	£7,712	66	2	Flat
£400K	09/21	0.44 mi	Flat 3, Ashburnham Court, Daws Lane, London, Greater London NW7 4SH	-	-	2	Flat
£350K	12/20	0.44 mi	Flat 3, Milldene, Daws Lane, London, Greater London NW7 4SN	-	-	2	Flat
£356.3K	06/21	0.44 mi	Flat 1, Milldene, Daws Lane, London, Greater London NW7 4SN	-	-	2	Flat
£350K	01/21	0.47 mi	Flat 8, Milldene, Daws Lane, London, Greater London NW7 4SN	-	-	2	Flat
£434K	08/23	0.47 mi	Flat 1, Byron Court, Byron Road, London, Greater London NW7 4AG	-	-	2	Flat
£340K	12/20	0.48 mi	3, Storksmead Road, Edgware, Greater London HA8 0JW	£4,146	82	2	Flat
£470K	06/21	0.49 mi	85a, The Broadway, London, Greater London NW7 3TG	£4,653	101	2	Flat
£382K	01/21	0.52 mi	10a, Langley Park, London, Greater London NW7 2AA	£6,714	57	2	Flat
£420K	11/22	0.57 mi	42a, Tennyson Road, London, Greater London NW7 4AS	£5,526	76	2	Flat
£285K	06/21	0.67 mi	303, Watling Avenue, Edgware, Greater London HA8 0ND	£5,377	53	2	Flat
£275.5K	10/21	0.67 mi	293, Watling Avenue, Edgware, Greater London HA8 0ND	£4,373	63	2	Flat
£675K	03/21	0.68 mi	23, Hale Grove Gardens, London, Greater London NW7 3LR	£6,193	109	2	Flat
£390K	09/22	0.71 mi	12a, Milespit Hill, London, Greater London NW7 2PL	£6,500	60	2	Flat
£360K	08/21	0.85 mi	29, Wheatley Close, London, Greater London NW4 4LG	£5,784	62	2	Flat
£318K	11/21	0.85 mi	38, Wheatley Close, London, Greater London NW4 4LG	£5,091	62	2	Flat
£345K	04/21	0.87 mi	1a, Angus Gardens, London, Greater London NW9 5LG	£6,422	54	2	Flat
£322.5K	01/23	0.88 mi	101, Wheatley Close, London, Greater London NW4 4LF	£4,542	71	2	Flat
£365K	09/22	0.89 mi	Flat 6, Grosvenor Court, Hale Lane, London, Greater London NW7 3RY	-	-	2	Flat
£370K	06/21	0.93 mi	17, Belgrave Close, London, Greater London NW7 3QG	£6,549	57	2	Flat
£554K	12/20	0.93 mi	4, Meridian Close, London, Greater London NW7 3TA	£5,276	105	2	Flat
£245K	03/21	0.97 mi	66, Hale Drive, London, Greater London NW7 3ED	-	-	2	Flat
£250K	05/21	0.97 mi	176, Deansbrook Road, Edgware, Greater London HA8 9DL	-	-	2	Flat
£325K	12/22	0.99 mi	36, Colchester Road, Edgware, Greater London HA8 0RA	£5,804	56	2	Flat
£180K	06/21	0.99 mi	133a, Hale Lane, Edgware, Greater London HA8 9QP	£3,462	52	2	Flat
£310K	10/23	1 mi	Flat 11, Buckingham Court, Watford Way, London, Greater London NW4 4TD	-	-	2	Flat

Local Rents

49 rents from £1.5K/mo to £3K/mo, average is £1.9K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,850	01/25	0.01 mi	-	2	Flat
£1,950	02/25	0.08 mi	-	2	Flat
£2,200	08/24	0.14 mi	81 Bunn's Lane,	2	Flat
£1,850	01/25	0.14 mi	-	2	Flat
£1,850	03/24	0.16 mi	Bloomsbury Close, Mill Hill, NW7	2	Flat
£1,800	08/24	0.16 mi	Bloomsbury Close, Mill Hill, NW7	2	Flat
£1,800	07/24	0.16 mi	Bloomsbury Close, Mill Hill, NW7	2	Flat
£1,517	06/24	0.16 mi	Bloomsbury Close, Mill Hill NW7	2	Flat
£2,400	07/24	0.21 mi	Brancaster Drive, Mill Hill	2	Semi-Detached House
£1,500	06/24	0.21 mi	Bunns Lane, Mill Hill, NW7	2	Flat
£1,750	03/25	0.22 mi	-	2	Flat
£1,750	04/25	0.22 mi	-	2	Flat
£1,850	06/24	0.22 mi	Rowlands Close, Mill Hill, NW7	2	Terraced House
£1,600	06/24	0.24 mi	Rowlands Close, Mill Hill	2	Flat
£1,850	06/24	0.25 mi	Rowlands Close, Mill Hill, NW7	2	Terraced House
£1,750	07/24	0.25 mi	-	2	Terraced House
£1,750	07/24	0.25 mi	Rivington Crescent, London, NW7	2	Terraced House
£2,200	06/24	0.26 mi	Colenso Drive, Mill Hill, NW7	2	Flat
£1,900	08/24	0.28 mi	Page Street, Randall Court Page Street, NW7	2	Flat
£1,750	03/24	0.28 mi	Rivington Crescent, London, NW7	2	Terraced House
£1,850	06/24	0.29 mi	Aylesham Close, MIll Hill, NW7	2	Terraced House
£1,950	06/24	0.29 mi	Colenso Drive, Mill Hill, NW7	2	Terraced House
£1,850	08/24	0.29 mi	Corner Mead, London, NW9	2	Terraced House
£1,850	07/24	0.3 mi	Burnham Close, Mill Hill, London, Greater London, NW7	2	Semi-Detached House
£1,725	06/24	0.3 mi	Field Mead, Mill Hill, NW7	2	Terraced House
£1,900	07/24	0.3 mi	Colenso Drive, London, NW7	2	Terraced House
£1,950	06/24	0.31 mi	Burnham Close, Mill Hill, London, NW7	2	House
£1,700	06/24	0.31 mi	Rivington Crescent, NW7	2	Terraced House
£2,350	07/24	0.32 mi	Colenso Drive, Mill Hill, NW7	2	Terraced House
£1,850	07/24	0.33 mi	Page Street, Mill Hill, NW7	2	Flat
£2,250	10/24	0.33 mi	-	2	Flat
£2,300	06/24	0.34 mi	Woodland Way, Mill Hill, NW7	2	Flat
£2,200	06/24	0.34 mi	Woodland Way, Mill Hill, NW7	2	Flat
£1,925	03/25	0.37 mi	-	2	Flat
£2,100	06/24	0.38 mi	-	2	Flat
£2,000	06/24	0.38 mi	Murray House, London, NW7	2	Flat
£2,350	07/24	0.38 mi	Coxwell Boulevard, London	2	Flat
£1,700	07/24	0.38 mi	Shetland Court, Bressay Drive, Mill Hill, NW7	2	Flat
£1,850	06/24	0.38 mi	Tingwall Court, 3 Bressay Drive, Mill Hill, London, NW7	2	Flat
£2,400	03/25	0.41 mi	-	2	Flat
£2,350	08/24	0.41 mi	Coxwell Boulevard, Colindale, NW9	2	Flat
£2,350	08/24	0.41 mi	Coxwell Boulevard, London, NW9	2	Flat
£2,250	06/24	0.42 mi	Titan Court, 1 Flower Lane, Mill Hill, London, NW7	2	Flat
£2,350	08/24	0.42 mi	Coxwell Boulevard, Mill Hill, London, NW9	2	Flat
£2,495	06/24	0.43 mi	Titan Court, Flower Lane, Mill Hill	2	Flat
£2,300	06/24	0.43 mi	Dodson House, Medawar Drive, London	2	Flat
£1,998	08/24	0.43 mi	Marchant Close, Mill Hill, London, NW7	2	Flat
£1,998	07/24	0.43 mi	Marchant Close, Mill Hill, London, NW7	2	Flat
£3,000	11/24	0.44 mi	-	2	Flat

Local Area Statistics

Population in NW7	25,13125,131
Population in London	4,771,9214,771,921
Town centre distance	8.05 miles away8.05 miles away
Nearest school	0.30 miles away0.30 miles away
Nearest train station	0.44 miles away0.44 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 £305,000

March 20, 2025

Price changed to £330,000

January 11, 2025

Listed for £350,000

April 12, 2024

Floor Plans

Description

Two Bedroom Apartment +
Only 0.7 Miles From Mill Hill Broadway Station +
Open Plan Lounge And Kitchen +
Share Of Freehold (920 Years Remaining On Lease) +

Joseph Scott Presents:A stylish two bedroom ground floor apartment, located only 0.7 miles from Mill Hill Broadway StationWalking through the private entrance to this property, you are greeted first with lounge, spacious and with the inclusion of sliding doors, allowing for natural lighting, from all anglesThe kitchen is of an open plan layout, creating the spacious result of the lounge/dining room The main double bedroom and single bedroom both contains integrated wardrobes, as well as a separate family bathroomTo complete this well presented apartment, you have the perks of the private car park, as well as the share of freehold benefitTenure - Leasehold - 920 years remaining (owns 1 share of freehold)service charge - £750 per quarter (approx £3k per year)ground rent - £1 per yearprivate car park 10 properties 9 freeholds

Agent Details

Joseph Scott, Edgware

020 8103 0691

Next Steps?

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

Similar Properties

Like this property? Maybe you'll like these ones close by too.

Sold STC

4 Bed House, Single Let, London, NW7 2LT

£1,300,000

4 months ago • 117 m²

Sold STC

2 Bed Flat, Single Let, London, NW7 2BF

£550,000

5 months ago • 102 m²

2 Bed Flat, Single Let, London, NW7 2BF

£475,000

1 views • 3 months ago • 68 m²

2 Bed Flat, Single Let, London, NW7 2DT

£424,950

23 days ago • 68 m²

2 Bed Flat, Single Let, London, NW7 2LL, £305,000

ValuationUndervalued

CashflowsOpen in Analyser

Local Sold PricesDownload Show map

Local RentsDownload Show map

Links

Local Area Statistics

Property History

Floor Plans

Description

Agent Details

Next Steps?

Similar Properties

4 Bed House, Single Let, London, NW7 2LT

2 Bed Flat, Single Let, London, NW7 2BF

2 Bed Flat, Single Let, London, NW7 2BF

2 Bed Flat, Single Let, London, NW7 2DT

Cashflows

Local Sold Prices

Local Rents