2 Bed Flat, Single Let, London, NW7 1BH, £350,000

Mandora House, Amport Place, Mill Hill, NW7 1BH - 8 views - a year ago

Leasehold

BTL

ROI: 3%

~68 m²

+9 photos

ValuationUndervalued

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

Square Metres	~68.11 m²
Price/m²	£5.1K/m²
Value Estimate	£420,000£420,000
BMV	20%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£87,500£87,500
Stamp Duty & Legal Fees	£16,700£16,700
Total Cash In	£104,200£104,200

Cash Out
Rent Range	£1,700 - £4,500£1,700 - £4,500
Rent Estimate	£1,750
Running Costs/mo	£1,464£1,464
Cashflow/mo	£286£286
Cashflow/yr	£3,435£3,435
ROI	3%3%
Gross Yield	6%6%

Local Sold Prices

50 sold prices from £228.8K to £653K, average is £410K. £3.7K/m² to £9.3K/m², average is £6.7K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£395K	06/21	0.3 mi	73, Bray Road, London, Greater London NW7 1SL	£5,896	67	2	Flat
£325K	03/23	0.3 mi	121, Bray Road, London, Greater London NW7 1SL	-	-	2	Flat
£340K	03/23	0.4 mi	Flat 33, Bittacy Court, Bittacy Hill, London, Greater London NW7 1HY	-	-	2	Flat
£355K	09/21	0.45 mi	11, Sanders Lane, London, Greater London NW7 1BX	£4,914	72	2	Flat
£350K	11/20	0.45 mi	11a, Bittacy Hill, London, Greater London NW7 1HS	£4,487	78	2	Flat
£410K	12/20	0.47 mi	6, Thornbury Close, London, Greater London NW7 1HH	£6,833	60	2	Flat
£228.8K	09/23	0.48 mi	12a, Bittacy Hill, London, Greater London NW7 1LB	-	-	2	Flat
£400K	03/21	0.48 mi	38, Shillingford Close, London, Greater London NW7 1HQ	£6,667	60	2	Flat
£400K	02/24	0.49 mi	9, Shillingford Close, London, Greater London NW7 1HQ	£6,154	65	2	Flat
£400K	04/21	0.49 mi	40, Shillingford Close, London, Greater London NW7 1HQ	£6,667	60	2	Flat
£395K	07/23	0.49 mi	29, Shillingford Close, London, Greater London NW7 1HQ	£7,054	56	2	Flat
£450K	12/22	0.49 mi	28, Gordon Road, London, Greater London N3 1EJ	£5,921	76	2	Flat
£286K	06/21	0.5 mi	Flat 15, Dollis Croft, Bittacy Hill, London, Greater London NW7 1HP	-	-	2	Flat
£415K	11/20	0.5 mi	51, Grosvenor Road, London, Greater London N3 1EY	£6,684	62	2	Flat
£535K	06/21	0.51 mi	5, Honiton Gardens, London, Greater London NW7 1GF	-	-	2	Flat
£405K	06/21	0.51 mi	10, Honiton Gardens, London, Greater London NW7 1GF	£6,778	60	2	Flat
£460K	04/21	0.51 mi	18, Grosvenor Road, London, Greater London N3 1EX	£7,077	65	2	Flat
£343.5K	04/23	0.51 mi	20, Frith Court, London, Greater London NW7 1JP	-	-	2	Flat
£395K	10/20	0.51 mi	44, Frith Court, London, Greater London NW7 1JP	£6,371	62	2	Flat
£391.8K	03/21	0.51 mi	12, Frith Court, London, Greater London NW7 1JP	£6,122	64	2	Flat
£375K	06/21	0.51 mi	33, Frith Court, London, Greater London NW7 1JP	£5,859	64	2	Flat
£235K	12/20	0.52 mi	70, Eversleigh Road, London, Greater London N3 1JA	£3,730	63	2	Flat
£450K	06/21	0.52 mi	61, Grosvenor Road, London, Greater London N3 1EY	£7,258	62	2	Flat
£575K	05/21	0.52 mi	45, Grosvenor Road, London, Greater London N3 1EY	£9,271	62	2	Flat
£305K	02/21	0.55 mi	Flat 20, Thornfield Court, Holders Hill Road, London, Greater London NW7 1LW	-	-	2	Flat
£410K	04/21	0.55 mi	Ground Floor Maisonette, 83, Dollis Road, London, Greater London N3 1RD	-	-	2	Flat
£460K	06/21	0.56 mi	70a, Elm Park Road, London, Greater London N3 1EB	-	-	2	Flat
£450K	08/23	0.56 mi	55a, Dollis Road, London, Greater London N3 1RD	-	-	2	Flat
£436K	03/21	0.56 mi	55b, Dollis Road, London, Greater London N3 1RD	£7,267	60	2	Flat
£420K	06/21	0.56 mi	20, Seaton Square, London, Greater London NW7 1GB	£7,073	59	2	Flat
£325K	02/23	0.56 mi	16, Seaton Square, London, Greater London NW7 1GB	£5,603	58	2	Flat
£590K	12/20	0.57 mi	Ground Floor Flat, 25, Elm Park Road, London, Greater London N3 1EG	£8,939	66	2	Flat
£415K	04/21	0.62 mi	15a, Dollis Road, London, Greater London N3 1RB	-	-	2	Flat
£620K	06/21	0.67 mi	4, Howcroft Crescent, London, Greater London N3 1PB	£7,045	88	2	Flat
£653K	06/21	0.69 mi	157, Holders Hill Road, London, Greater London NW7 1ND	-	-	2	Flat
£425K	04/21	0.69 mi	Flat 11, Dollis Court, Crescent Road, London, Greater London N3 1HR	-	-	2	Flat
£398K	06/23	0.71 mi	Flat 13, Western Court, Huntly Drive, London, Greater London N3 1NX	-	-	2	Flat
£430K	01/21	0.74 mi	Flat 8, The Laurels, Nether Street, London, Greater London N3 1NP	-	-	2	Flat
£370K	12/20	0.74 mi	26, Springfield Close, London, Greater London N12 7NT	£6,176	60	2	Flat
£415K	07/23	0.74 mi	10, Springfield Close, London, Greater London N12 7NT	£7,155	58	2	Flat
£500K	06/21	0.76 mi	57, Dollis Park, London, Greater London N3 1HJ	£7,042	71	2	Flat
£405K	03/23	0.79 mi	Flat 17, Norman Court, Nether Street, London, Greater London N3 1QQ	-	-	2	Flat
£475K	06/21	0.8 mi	10, Falkland Avenue, London, Greater London N3 1QR	-	-	2	Flat
£472K	04/21	0.8 mi	2a, Falkland Avenue, London, Greater London N3 1QR	£6,941	68	2	Flat
£415K	06/21	0.81 mi	First Floor Flat, 60, Avondale Avenue, London, Greater London N12 8EN	£6,569	63	2	Flat
£390K	09/22	0.84 mi	12a, Milespit Hill, London, Greater London NW7 2PL	£6,500	60	2	Flat
£400K	03/21	0.84 mi	14a, Brownlow Road, London, Greater London N3 1NA	£6,452	62	2	Flat
£485K	03/21	0.85 mi	Flat 2, Georgian Court, Dollis Avenue, London, Greater London N3 1TY	-	-	2	Flat
£505K	08/23	0.85 mi	Flat 1, Georgian Court, Dollis Avenue, London, Greater London N3 1TY	-	-	2	Flat
£412.5K	02/21	0.88 mi	Flat 1, Finchley Court, Ballards Lane, Finchley, London, Greater London N3 1NH	-	-	2	Flat

Local Rents

50 rents from £1.7K/mo to £4.5K/mo, average is £2.4K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,850	07/24	0 mi	-	2	Flat
£1,850	07/24	0 mi	Amport Place, London, NW7	2	Flat
£2,100	07/24	0.04 mi	Newhall House, Mill Hill East, London, NW7	2	Flat
£2,200	08/24	0.05 mi	-	2	Flat
£2,100	06/24	0.06 mi	Morphou Road, LONDON	2	Flat
£2,000	07/24	0.06 mi	Morphou Road, LONDON	2	Flat
£2,400	08/24	0.1 mi	Peacock Close, London, NW7	2	Flat
£2,500	07/24	0.11 mi	Corn House, 1 Peacock Close	2	Flat
£1,850	02/25	0.11 mi	-	2	Flat
£2,150	02/24	0.11 mi	-	2	Flat
£2,300	06/24	0.12 mi	Peacock Close, London, NW7	2	Flat
£1,750	08/24	0.13 mi	Inglis Way, Mill Hill, London	2	Flat
£2,100	07/24	0.14 mi	Thirleby Road, London, NW7	2	Flat
£2,300	06/24	0.15 mi	Regiment Hill, Millbrook Park, Mill Hill East	2	Flat
£2,000	07/24	0.15 mi	Regiment Hill, Mill Hill	2	Flat
£2,500	09/24	0.16 mi	Snowe Building, Regiment Hill, NW7	2	Flat
£1,950	02/24	0.16 mi	-	2	Flat
£3,000	08/24	0.16 mi	Griffin Building, London, NW7	2	Flat
£2,700	10/24	0.16 mi	-	2	Flat
£2,200	01/24	0.19 mi	-	2	Flat
£2,500	03/25	0.19 mi	-	2	Flat
£2,300	06/24	0.2 mi	Henry Darlot Drive, London, NW7	2	Flat
£2,300	06/24	0.2 mi	-	2	Flat
£2,300	07/24	0.2 mi	-	2	Flat
£2,500	06/24	0.2 mi	Fellow House, Mill Hill	2	Flat
£2,700	07/24	0.21 mi	Maurice Browne Avenue, Mill Hill East	2	Flat
£2,495	07/24	0.21 mi	Maurice Browne Avenue, Mill Hill East	2	Flat
£2,200	08/24	0.21 mi	Royal Engineers Way, London, NW7	2	Flat
£2,500	06/24	0.21 mi	Henry Darlot Drive, Mill Hill, London, NW7	2	Flat
£2,500	07/24	0.21 mi	Henry Darlot Drive, Mill Hill, London, NW7	2	Flat
£2,300	02/25	0.23 mi	-	2	Flat
£2,800	07/24	0.23 mi	Royal Engineers Way, London, NW7	2	Flat
£2,253	07/24	0.23 mi	Burghley House, 18 Royal Engineers Way, London, NW7	2	Flat
£2,600	07/24	0.25 mi	Inglis Way, London	2	Flat
£3,000	07/24	0.25 mi	Inglis Way, London	2	Flat
£2,600	10/24	0.25 mi	-	2	Flat
£2,400	06/24	0.26 mi	-	2	Flat
£2,400	02/25	0.26 mi	-	2	Flat
£2,400	07/24	0.26 mi	Royal Engineers Way, Millbrook Park, NW7 1SX	2	Flat
£4,500	03/25	0.26 mi	-	2	Terraced House
£2,400	07/24	0.26 mi	Burghley House, Royal Engineers Way, NW7	2	Flat
£2,850	01/25	0.27 mi	-	2	Flat
£2,400	07/24	0.27 mi	Royal Engineers Way, Millbrook Park, NW7 1SX	2	Flat
£2,400	06/24	0.27 mi	Royal Engineers Way, Mill Hill	2	Flat
£2,550	07/24	0.27 mi	-	2	Flat
£2,600	11/24	0.27 mi	-	2	Flat
£2,557	03/24	0.27 mi	Plaza Collection, Explorer Way, Mill Hill NW7	2	Flat
£2,300	06/24	0.27 mi	Harewood Avenue, Mill Hill, London, NW7	2	Flat
£1,700	03/24	0.28 mi	Hill Court, Bittacy Road, London, NW7	2	Flat
£1,850	08/24	0.28 mi	Henry Darlot Drive, Mill Hill, London	2	Flat

Local Area Statistics

Population in NW7	25,13125,131
Population in London	4,771,9214,771,921
Town centre distance	7.20 miles away7.20 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.36 miles away0.36 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

Listed for £350,000

April 16, 2024

Floor Plans

Description

Real Estates are delighted to offer this 2 BEDROOM 1ST FLOOR APARTMENT in the popular Ridgemont Estate, neighbouring Millbrook Park. Mill Hill East (Northern Line) tube station and local shops are all within easy reach.

The property comprises an open plan fitted kitchen and reception room with Juliet balcony, two bedrooms, bathroom/wc and storage cupboards. There is 1 ALLOCATED PARKING SPACE as well as availability to park on the adjacent street.

LEASE: 125 YEARS FROM FEBRUARY 2011 / NO GROUND RENT / SERVICE CHARGE: £213.12 PM

Sole Agent

Agent Details

Real Estates, Woodside Park

020 3889 1250

Next Steps?

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

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