2 Bed Flat, Single Let, London, NW7 1PQ, £575,000

221B Royal Engineers Way, Millbrook Park, Mill Hill, NW7 4TD - 4 views - 10 months ago

BTL

~68 m²

+7 photos

ValuationOvervalued

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

Square Metres	~68.11 m²
Price/m²	£8.4K/m²
Value Estimate	£455,243£455,243

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£143,750£143,750
Stamp Duty & Legal Fees	£34,700£34,700
Total Cash In	£178,450£178,450

Cash Out
Rent Range	£1,700 - £4,500£1,700 - £4,500
Rent Estimate	£1,750
Running Costs/mo	£2,167£2,167
Cashflow/mo	£-417£-417
Cashflow/yr	£-5,002£-5,002
Gross Yield	4%4%

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	0.19 mi	73, Bray Road, London, Greater London NW7 1SL	£5,896	67	2	Flat
£325K	03/23	0.19 mi	121, Bray Road, London, Greater London NW7 1SL	-	-	2	Flat
£340K	03/23	0.26 mi	Flat 33, Bittacy Court, Bittacy Hill, London, Greater London NW7 1HY	-	-	2	Flat
£355K	09/21	0.28 mi	11, Sanders Lane, London, Greater London NW7 1BX	£4,914	72	2	Flat
£410K	12/20	0.3 mi	6, Thornbury Close, London, Greater London NW7 1HH	£6,833	60	2	Flat
£400K	03/21	0.31 mi	38, Shillingford Close, London, Greater London NW7 1HQ	£6,667	60	2	Flat
£350K	11/20	0.32 mi	11a, Bittacy Hill, London, Greater London NW7 1HS	£4,487	78	2	Flat
£400K	02/24	0.32 mi	9, Shillingford Close, London, Greater London NW7 1HQ	£6,154	65	2	Flat
£400K	04/21	0.32 mi	40, Shillingford Close, London, Greater London NW7 1HQ	£6,667	60	2	Flat
£395K	07/23	0.32 mi	29, Shillingford Close, London, Greater London NW7 1HQ	£7,054	56	2	Flat
£535K	06/21	0.34 mi	5, Honiton Gardens, London, Greater London NW7 1GF	-	-	2	Flat
£405K	06/21	0.34 mi	10, Honiton Gardens, London, Greater London NW7 1GF	£6,778	60	2	Flat
£228.8K	09/23	0.36 mi	12a, Bittacy Hill, London, Greater London NW7 1LB	-	-	2	Flat
£286K	06/21	0.37 mi	Flat 15, Dollis Croft, Bittacy Hill, London, Greater London NW7 1HP	-	-	2	Flat
£420K	06/21	0.39 mi	20, Seaton Square, London, Greater London NW7 1GB	£7,073	59	2	Flat
£325K	02/23	0.4 mi	16, Seaton Square, London, Greater London NW7 1GB	£5,603	58	2	Flat
£343.5K	04/23	0.42 mi	20, Frith Court, London, Greater London NW7 1JP	-	-	2	Flat
£391.8K	03/21	0.42 mi	12, Frith Court, London, Greater London NW7 1JP	£6,122	64	2	Flat
£375K	06/21	0.42 mi	33, Frith Court, London, Greater London NW7 1JP	£5,859	64	2	Flat
£305K	02/21	0.43 mi	Flat 20, Thornfield Court, Holders Hill Road, London, Greater London NW7 1LW	-	-	2	Flat
£450K	12/22	0.49 mi	28, Gordon Road, London, Greater London N3 1EJ	£5,921	76	2	Flat
£235K	12/20	0.53 mi	70, Eversleigh Road, London, Greater London N3 1JA	£3,730	63	2	Flat
£410K	04/21	0.53 mi	Ground Floor Maisonette, 83, Dollis Road, London, Greater London N3 1RD	-	-	2	Flat
£415K	11/20	0.53 mi	51, Grosvenor Road, London, Greater London N3 1EY	£6,684	62	2	Flat
£450K	08/23	0.54 mi	55a, Dollis Road, London, Greater London N3 1RD	-	-	2	Flat
£436K	03/21	0.54 mi	55b, Dollis Road, London, Greater London N3 1RD	£7,267	60	2	Flat
£450K	06/21	0.55 mi	61, Grosvenor Road, London, Greater London N3 1EY	£7,258	62	2	Flat
£575K	05/21	0.55 mi	45, Grosvenor Road, London, Greater London N3 1EY	£9,271	62	2	Flat
£460K	04/21	0.55 mi	18, Grosvenor Road, London, Greater London N3 1EX	£7,077	65	2	Flat
£460K	06/21	0.56 mi	70a, Elm Park Road, London, Greater London N3 1EB	-	-	2	Flat
£653K	06/21	0.56 mi	157, Holders Hill Road, London, Greater London NW7 1ND	-	-	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	0.61 mi	15a, Dollis Road, London, Greater London N3 1RB	-	-	2	Flat
£425K	04/21	0.67 mi	Flat 11, Dollis Court, Crescent Road, London, Greater London N3 1HR	-	-	2	Flat
£390K	09/22	0.69 mi	12a, Milespit Hill, London, Greater London NW7 2PL	£6,500	60	2	Flat
£500K	06/21	0.73 mi	57, Dollis Park, London, Greater London N3 1HJ	£7,042	71	2	Flat
£620K	06/21	0.75 mi	4, Howcroft Crescent, London, Greater London N3 1PB	£7,045	88	2	Flat
£485K	03/21	0.79 mi	Flat 2, Georgian Court, Dollis Avenue, London, Greater London N3 1TY	-	-	2	Flat
£505K	08/23	0.79 mi	Flat 1, Georgian Court, Dollis Avenue, London, Greater London N3 1TY	-	-	2	Flat
£405K	03/23	0.79 mi	Flat 17, Norman Court, Nether Street, London, Greater London N3 1QQ	-	-	2	Flat
£398K	06/23	0.8 mi	Flat 13, Western Court, Huntly Drive, London, Greater London N3 1NX	-	-	2	Flat
£390K	05/23	0.83 mi	Flat 4, Timberdene, Holders Hill Road, London, Greater London NW4 1LA	-	-	2	Flat
£415K	12/20	0.83 mi	Flat 19, Timberdene, Holders Hill Road, London, Greater London NW4 1LA	-	-	2	Flat
£475K	06/21	0.85 mi	10, Falkland Avenue, London, Greater London N3 1QR	-	-	2	Flat
£472K	04/21	0.85 mi	2a, Falkland Avenue, London, Greater London N3 1QR	£6,941	68	2	Flat
£430K	01/21	0.86 mi	Flat 8, The Laurels, Nether Street, London, Greater London N3 1NP	-	-	2	Flat
£625K	02/21	0.89 mi	3b, St Marys Avenue, London, Greater London N3 1SN	£7,267	86	2	Flat
£370K	12/20	0.9 mi	26, Springfield Close, London, Greater London N12 7NT	£6,176	60	2	Flat
£415K	07/23	0.9 mi	10, Springfield Close, London, Greater London N12 7NT	£7,155	58	2	Flat
£360K	06/21	0.91 mi	Flat 12, Fernside Court, Holders Hill Road, London, Greater London NW4 1JT	-	-	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
£1,950	02/24	0.02 mi	-	2	Flat
£2,200	08/24	0.05 mi	Royal Engineers Way, London, NW7	2	Flat
£1,750	08/24	0.05 mi	Inglis Way, Mill Hill, London	2	Flat
£2,800	07/24	0.07 mi	Royal Engineers Way, London, NW7	2	Flat
£2,300	02/25	0.07 mi	-	2	Flat
£2,253	07/24	0.08 mi	Burghley House, 18 Royal Engineers Way, London, NW7	2	Flat
£3,000	08/24	0.09 mi	Griffin Building, London, NW7	2	Flat
£2,700	10/24	0.09 mi	-	2	Flat
£2,400	06/24	0.09 mi	-	2	Flat
£2,400	02/25	0.09 mi	-	2	Flat
£2,400	07/24	0.09 mi	Royal Engineers Way, Millbrook Park, NW7 1SX	2	Flat
£2,500	04/25	0.09 mi	-	2	Flat
£2,850	01/25	0.1 mi	-	2	Flat
£2,400	07/24	0.1 mi	Royal Engineers Way, Millbrook Park, NW7 1SX	2	Flat
£2,400	06/24	0.1 mi	Royal Engineers Way, Mill Hill	2	Flat
£4,500	03/25	0.1 mi	-	2	Terraced House
£2,400	07/24	0.11 mi	Burghley House, Royal Engineers Way, NW7	2	Flat
£2,557	03/24	0.11 mi	Plaza Collection, Explorer Way, Mill Hill NW7	2	Flat
£2,250	06/24	0.11 mi	Royal Engineers Way, Millbrook Park, NW7	2	Flat
£2,300	06/24	0.11 mi	Harewood Avenue, Mill Hill, London, NW7	2	Flat
£1,700	03/24	0.11 mi	Hill Court, Bittacy Road, London, NW7	2	Flat
£2,550	07/24	0.11 mi	-	2	Flat
£2,600	11/24	0.11 mi	-	2	Flat
£2,600	10/24	0.11 mi	-	2	Flat
£2,600	07/24	0.11 mi	Inglis Way, London	2	Flat
£3,000	07/24	0.11 mi	Inglis Way, London	2	Flat
£2,300	06/24	0.12 mi	Regiment Hill, Millbrook Park, Mill Hill East	2	Flat
£2,000	07/24	0.12 mi	Regiment Hill, Mill Hill	2	Flat
£3,500	04/25	0.12 mi	-	2	Flat
£2,350	07/24	0.13 mi	Mill Hill, London, NW7	2	Flat
£2,400	08/24	0.14 mi	Bittacy Hill, Millbrook Park, NW7	2	House
£2,500	09/24	0.15 mi	Snowe Building, Regiment Hill, NW7	2	Flat
£2,250	06/24	0.15 mi	Bittacy Hill, London, NW7	2	Flat
£2,200	06/24	0.15 mi	Bittacy Hill, London, NW7	2	Flat
£2,297	06/24	0.15 mi	Foxglove Apartments, Mill Hill, London, NW7	2	Flat
£2,100	06/24	0.16 mi	Morphou Road, LONDON	2	Flat
£2,000	07/24	0.16 mi	Morphou Road, LONDON	2	Flat
£2,200	06/24	0.16 mi	Brooklime Apartments, Bittacy Hill, Mill Hill	2	Flat
£2,400	06/24	0.16 mi	Inglis Way, Mill Hill, NW7	2	Flat
£2,200	08/24	0.17 mi	-	2	Flat
£3,050	07/24	0.17 mi	Bittacy Hill, London, NW7	2	Flat
£3,050	09/24	0.17 mi	-	2	Flat
£2,100	07/24	0.17 mi	Newhall House, Mill Hill East, London, NW7	2	Flat
£1,850	07/24	0.17 mi	-	2	Flat
£1,850	07/24	0.17 mi	Amport Place, London, NW7	2	Flat
£2,500	06/24	0.18 mi	Fellow House, Mill Hill	2	Flat
£2,350	03/25	0.18 mi	-	2	Flat
£2,300	06/24	0.19 mi	Anemone Apartments, Bittacy Hill, Mill Hill, NW7	2	Flat
£2,100	06/24	0.19 mi	Bray Road, London, NW7	2	Flat
£2,050	02/24	0.19 mi	-	2	Flat

Local Area Statistics

Population in NW7	25,13125,131
Population in London	4,771,9214,771,921
Town centre distance	7.19 miles away7.19 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	0.19 miles away0.19 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 £575,000

June 27, 2024

Floor Plans

Description

Situated in the highly desirable Millbrook Park development, this larger-than-average two double bedroom, two bathroom apartment is a true gem. The property boasts a beautiful and expansive open-plan living, dining, and kitchen area, complete with integrated appliances that cater to modern living needs.

The main bedroom is a standout feature, offering fitted wardrobes and an en-suite bathroom for added luxury and convenience. A second double bedroom provides ample space for guests or family members, while the stylish family bathroom ensures everyone’s needs are met.

Additional benefits of this stunning apartment include a private balcony, perfect for enjoying outdoor space, allocated parking for convenience, and ample storage solutions. The property is offered chain-free, making for a smoother transaction process. Sole Agent.

Agent Details

Cosway Estates, Mill Hill

020 3879 9989

Next Steps?

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

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