3 Bed Flat, Single Let, London, NW7 1JP, £425,000

31 Frith Court, London, Greater London, NW7 1JP - 4 views - a year ago

Leasehold

BTL

ROI: 3%

62 m²

+5 photos

ValuationOvervalued

Sold Prices	£370K - £960K
Sold Prices/m²	£5.5K/m² - £7.2K/m²

Square Metres	62.10 m²
Price/m²	£6.8K/m²
Value Estimate	£352,667£352,667

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£106,250£106,250
Stamp Duty & Legal Fees	£22,700£22,700
Total Cash In	£128,950£128,950

Cash Out
Rent Range	£1,950 - £3,900£1,950 - £3,900
Rent Estimate	£2,025
Running Costs/mo	£1,753£1,753
Cashflow/mo	£272£272
Cashflow/yr	£3,263£3,263
ROI	3%3%
Gross Yield	6%6%

Local Sold Prices

20 sold prices from £370K to £960K, average is £515K. £5.5K/m² to £7.2K/m², average is £5.8K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£399.8K	06/21	0.19 mi	Flat 40, Bittacy Court, Bittacy Hill, London, Greater London NW7 1HY	-	-	3	Flat
£390K	03/21	0.32 mi	Flat 10, Rocklands, Gordon Road, London, Greater London N3 1EN	-	-	3	Flat
£570K	03/21	0.34 mi	45, Eversleigh Road, London, Greater London N3 1HY	-	-	3	Flat
£550K	07/23	0.38 mi	Flat 1, Rozelle, Church Crescent, London, Greater London N3 1BG	-	-	3	Flat
£422K	09/23	0.39 mi	Flat 8, Eversleigh Court, Eversleigh Road, London, Greater London N3 1JB	-	-	3	Flat
£370K	01/21	0.39 mi	Flat 2, Eversleigh Court, Eversleigh Road, London, Greater London N3 1JB	-	-	3	Flat
£370K	01/21	0.39 mi	Flat 2, Eversleigh Court, Eversleigh Road, London, Greater London N3 1JB	-	-	3	Flat
£370K	01/21	0.39 mi	Flat 4, Grosvenor Court, Grosvenor Road, London, Greater London N3 1HA	-	-	3	Flat
£730K	09/21	0.54 mi	Flat 6, Grasmere Court, Holders Hill Gardens, London, Greater London NW4 1PF	-	-	3	Flat
£932.5K	05/23	0.58 mi	31, Spencer Close, London, Greater London N3 3TX	-	-	3	Flat
£450K	05/21	0.59 mi	Flat 15, Fernside Court, Holders Hill Road, London, Greater London NW4 1JT	-	-	3	Flat
£390K	06/21	0.59 mi	Flat 4, Fernside Court, Holders Hill Road, London, Greater London NW4 1JT	-	-	3	Flat
£570K	08/21	0.6 mi	Flat 21, Cranmer Court, Wickliffe Avenue, London, Greater London N3 3HG	-	-	3	Flat
£960K	03/23	0.61 mi	95, Spencer Close, London, Greater London N3 3TZ	-	-	3	Flat
£560K	11/21	0.64 mi	Flat 28, Greenacres, Hendon Lane, London, Greater London N3 3SF	-	-	3	Flat
£630K	06/21	0.7 mi	42a, Redbourne Avenue, London, Greater London N3 2BS	£5,833	108	3	Flat
£675K	03/21	0.87 mi	31, Windermere Avenue, London, Greater London N3 3QX	£7,181	94	3	Flat
£460K	11/20	0.92 mi	12, Milespit Hill, London, Greater London NW7 2PL	£5,679	81	3	Flat
£540K	03/21	0.97 mi	Flat 39, Chessington Court, Charter Way, London, Greater London N3 3DT	-	-	3	Flat
£490K	12/22	0.98 mi	65, Long Lane, London, Greater London N3 2HY	£5,506	89	3	Flat

Local Rents

50 rents from £1.9K/mo to £3.9K/mo, average is £2.7K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,995	01/25	0.04 mi	-	3	Flat
£2,600	06/24	0.05 mi	Dollis Road, London, NW7	3	Semi-Detached House
£2,700	09/24	0.06 mi	-	3	Bungalow
£2,900	06/24	0.12 mi	-	3	Semi-Detached House
£3,800	06/24	0.18 mi	Dollis Park, Finchley, London, N3	3	Detached House
£3,800	06/24	0.18 mi	Dollis Park, Finchley	3	House
£2,700	06/24	0.2 mi	Devonshire Road, Mill Hill, NW7	3	Detached House
£2,999	06/24	0.2 mi	-	3	Flat
£3,800	06/24	0.23 mi	Dollis Park, London N3	3	Detached House
£2,600	06/24	0.26 mi	Dollis Park, Finchley, London, N3	3	Detached House
£2,850	10/24	0.26 mi	-	3	Flat
£2,000	05/24	0.3 mi	Gordon Road, London, N3 1EN	3	Flat
£2,150	07/24	0.31 mi	Gordon Road, Finchley Central, N3	3	Flat
£2,750	07/24	0.31 mi	-	3	Flat
£2,750	06/24	0.31 mi	The Lintons, London, N3	3	Flat
£2,300	05/24	0.32 mi	Crescent Road, Finchley, N3 1HP	3	Flat
£2,300	05/24	0.32 mi	Crescent Road, Finchley Central, N3	3	Flat
£2,000	03/25	0.32 mi	-	3	Flat
£2,200	06/24	0.33 mi	Crescent Road, Finchley, London, N3	3	Flat
£3,900	03/25	0.35 mi	-	3	Detached House
£2,750	08/24	0.36 mi	Royal Engineers Way, Mill Hill	3	Flat
£3,042	05/24	0.37 mi	Dollis Avenue, Finchley, N3	3	Flat
£2,750	06/24	0.37 mi	Dollis Avenue, Finchley, N3	3	Flat
£2,400	05/24	0.38 mi	Nether street, Finchley central, London, N3 - GARDEN FLAT	3	Flat
£2,200	05/24	0.4 mi	-	3	Flat
£2,000	05/24	0.4 mi	Grosvenor Road, London, N3	3	Flat
£3,250	08/24	0.4 mi	India Way, London, NW7	3	Terraced House
£3,250	08/24	0.4 mi	India Way, London, NW7	3	Terraced House
£3,250	08/24	0.4 mi	India Way, London, NW7	3	Terraced House
£3,250	08/24	0.4 mi	India Way, London, NW7	3	Terraced House
£2,383	06/24	0.4 mi	Finchley, N3, London	3	House
£3,000	06/24	0.41 mi	Village Road, Finchley	3	Semi-Detached House
£2,350	09/24	0.41 mi	Bittacy Road, Mill Hill	3	Terraced House
£2,295	06/24	0.42 mi	Bittacy Road, Mill Hill, NW7	3	Terraced House
£2,300	06/24	0.42 mi	Kingsbridge Drive, Mill Hill, NW7	3	Terraced House
£2,297	06/24	0.42 mi	Kingsbridge Drive, Mill Lane, NW7	3	Flat
£3,000	08/24	0.42 mi	Royal Engineers Way, London, NW7	3	Terraced House
£3,000	08/24	0.42 mi	Royal Engineers Way, London, NW7	3	Terraced House
£2,450	07/24	0.43 mi	Lansdowne Road, Finchley, London, N3	3	Terraced House
£2,950	08/24	0.43 mi	Grosvenor Road, London, N3	3	Flat
£1,950	05/24	0.43 mi	Grosvenor Court, Grosvenor Road, Finchley, London, N3	3	Flat
£2,200	06/24	0.44 mi	-	3	Terraced House
£2,800	02/25	0.45 mi	-	3	Flat
£2,100	07/24	0.47 mi	The Grove, London, N3	3	Flat
£2,400	06/24	0.47 mi	Sanders Lane, London	3	Terraced House
£2,700	06/24	0.49 mi	The Lintons, 26 Dollis Avenue, N3	3	Flat
£2,250	03/25	0.49 mi	-	3	Flat
£2,200	10/24	0.5 mi	-	3	Semi-Detached House
£3,000	06/24	0.55 mi	Regents Park Road, Finchley, London, N3	3	Flat
£3,250	07/24	0.56 mi	Village Road, Finchley, N3	3	Semi-Detached House

Local Area Statistics

Population in NW7	25,13125,131
Population in London	4,771,9214,771,921
Town centre distance	6.80 miles away6.80 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	0.32 miles away0.32 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 £425,000

April 24, 2024

Sold for £249,000

2007

Floor Plans

Description

Chain Free +
Three Bedrooms +
Separate Eat-In Kitchen +
Private Rear Garden +
Council Tax: Band C +
Walking Distance to Local Shops, Waitrose, Virgin Active Gym & Mill Hill East Station +
Service Charge: Approximately £1435.96 pa +
Ground Rent: Approximately £10 pa +
Lease: Approximately 86 years remaining +

EXCELLENT VALUE! MUST BE VIEWED! Situated on the first floor of this purpose build block is this three bedroom flat.

The property benefits from double glazing, gas central heating, separate eat-in kitchen, reception room, private garden and being walking distance to local shops, Waitrose, Virgin Active Gym and Mill Hill East Station.

To really appreciate the size and location, an internal viewing is highly recommended via the vendors agent, Ellis & Co. Tel No:

Agent Details

Ellis & Co, Finchley

020 3856 3457

Next Steps?

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

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3 Bed Flat, Single Let, London, NW7 1JP, £425,000

ValuationOvervalued

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?

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