2 Bed Flat, Single Let, London, NW2 7BX, £325,000

Crest Road, London, NW2 7BX - 8 months ago

Leasehold

BTL

ROI: 4%

~68 m²

+2 photos

ValuationUndervalued

Sold Prices	£218K - £546K
Sold Prices/m²	£4.8K/m² - £8K/m²

Square Metres	~68.11 m²
Price/m²	£4.8K/m²
Value Estimate	£406,250£406,250
BMV	25%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£81,250£81,250
Stamp Duty & Legal Fees	£14,700£14,700
Total Cash In	£95,950£95,950

Cash Out
Rent Range	£1,675 - £5,118£1,675 - £5,118
Rent Estimate	£1,727
Running Costs/mo	£1,381£1,381
Cashflow/mo	£346£346
Cashflow/yr	£4,152£4,152
ROI	4%4%
Gross Yield	6%6%

Local Sold Prices

41 sold prices from £218K to £546K, average is £400K. £4.8K/m² to £8K/m², average is £6.9K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£378.5K	03/23	0.08 mi	96, Coles Green Road, London, Greater London NW2 7ES	£7,885	48	2	Flat
£430K	03/23	0.31 mi	Flat 9, Greencrest Place, Dollis Hill Lane, London, Greater London NW2 6HF	-	-	2	Flat
£370K	06/23	0.43 mi	32 Code Court, Flowers Close, London, Greater London NW2 7FG	-	-	2	Flat
£390K	11/23	0.44 mi	Flat 18, Cipher Court, Flowers Close, London, Greater London NW2 7BF	-	-	2	Flat
£380.5K	04/23	0.44 mi	Flat 7, Cipher Court, Flowers Close, London, Greater London NW2 7BF	-	-	2	Flat
£295K	09/23	0.47 mi	82, Mascotts Close, London, Greater London NW2 6NS	-	-	2	Flat
£435K	12/22	0.49 mi	79a, Vincent Gardens, London, Greater London NW2 7RH	-	-	2	Flat
£380K	04/21	0.5 mi	53, Vincent Gardens, London, Greater London NW2 7RJ	-	-	2	Flat
£400K	02/23	0.5 mi	59a, Vincent Gardens, London, Greater London NW2 7RJ	£6,667	60	2	Flat
£325K	06/21	0.5 mi	Flat 17, Katrine Court, Shobroke Close, London, Greater London NW2 6YU	-	-	2	Flat
£325K	09/21	0.55 mi	140a, Tanfield Avenue, London, Greater London NW2 7RR	£6,250	52	2	Flat
£460K	06/21	0.57 mi	7, Wotton Road, London, Greater London NW2 6PU	£6,301	73	2	Flat
£432K	12/22	0.57 mi	45, Wotton Road, London, Greater London NW2 6PU	£7,082	61	2	Flat
£400K	03/23	0.58 mi	72a, Randall Avenue, London, Greater London NW2 7ST	-	-	2	Flat
£400K	08/21	0.6 mi	25, Newton Road, London, Greater London NW2 6PS	£5,405	74	2	Flat
£450K	10/20	0.61 mi	14, Newton Road, London, Greater London NW2 6PR	£6,250	72	2	Flat
£300K	06/23	0.66 mi	6, Temple Road, London, Greater London NW2 6QB	-	-	2	Flat
£509K	11/23	0.67 mi	85, Temple Road, London, Greater London NW2 6PN	£7,485	68	2	Flat
£389K	11/21	0.68 mi	3, Lovat Close, London, Greater London NW2 7RU	£7,374	53	2	Flat
£546K	11/22	0.69 mi	104, Mora Road, London, Greater London NW2 6TE	£8,029	68	2	Flat
£360K	05/21	0.69 mi	23a, Temple Road, London, Greater London NW2 6PJ	£4,932	73	2	Flat
£218K	12/20	0.7 mi	First Floor Flat, 196a, West Hendon Broadway, London, Greater London NW9 7EE	-	-	2	Flat
£435K	01/21	0.7 mi	First Floor Flat, 96, Ivy Road, London, Greater London NW2 6XJ	£6,397	68	2	Flat
£345K	06/21	0.7 mi	13a, Dallas Road, London, Greater London NW4 3JB	-	-	2	Flat
£370K	09/23	0.7 mi	53a, Dallas Road, London, Greater London NW4 3JB	-	-	2	Flat
£460K	08/23	0.72 mi	Ground Floor Flat, 38, Mora Road, London, Greater London NW2 6TG	£7,789	59	2	Flat
£495K	12/20	0.79 mi	Flat A, 20, Ivy Road, London, Greater London NW2 6SX	-	-	2	Flat
£500K	09/21	0.81 mi	Ground Floor Flat, 7, Ivy Road, London, Greater London NW2 6SU	-	-	2	Flat
£530K	02/21	0.84 mi	52, Hamilton Road, London, Greater London NW10 1NE	-	-	2	Flat
£495K	02/21	0.87 mi	15a, Cedar Road, London, Greater London NW2 6SS	-	-	2	Flat
£493K	08/21	0.88 mi	Flat 10, Trinity Court, Anson Road, London, Greater London NW2 6AZ	-	-	2	Flat
£249K	07/23	0.9 mi	79, Woodvale Way, London, Greater London NW11 8SQ	£4,788	52	2	Flat
£410K	09/23	0.91 mi	17, Woodvale Way, London, Greater London NW11 8SF	£8,039	51	2	Flat
£315K	01/21	0.91 mi	91, Aboyne Road, London, Greater London NW10 0EY	-	-	2	Flat
£416K	12/22	0.92 mi	140, Park Road, London, Greater London NW4 3TL	-	-	2	Flat
£400K	04/21	0.92 mi	159b, Park Road, London, Greater London NW4 3TH	-	-	2	Flat
£382K	09/21	0.92 mi	Flat 130, Ashford Court, Ashford Road, London, Greater London NW2 6BT	-	-	2	Flat
£475K	03/23	0.93 mi	47b, Prout Grove, London, Greater London NW10 1PU	£6,854	69	2	Flat
£372.5K	01/24	0.96 mi	45a, Algernon Road, London, Greater London NW4 3SY	£7,304	51	2	Flat
£360K	04/23	0.99 mi	398, Neasden Lane North, London, Greater London NW10 0BT	£5,253	69	2	Flat
£420K	02/21	1 mi	4a, Howard Road, London, Greater London NW2 6DR	£7,000	60	2	Flat

Local Rents

49 rents from £1.7K/mo to £5.1K/mo, average is £2.2K/mo.

Rent	Date	Distance	Address	Beds	Type
£2,300	12/24	0.11 mi	-	2	Flat
£1,715	06/24	0.13 mi	Delta Court, Coles Green Road	2	Flat
£1,675	06/24	0.13 mi	Delta Court, Coles Green Road	2	Flat
£1,800	06/24	0.15 mi	Comber Close, NW2	2	Flat
£3,500	11/24	0.24 mi	-	2	Semi-Detached House
£2,200	02/25	0.29 mi	-	2	Flat
£1,950	08/24	0.29 mi	Dollis Hill Lane, London, NW2	2	Flat
£2,500	03/25	0.3 mi	-	2	Flat
£1,800	06/24	0.32 mi	Shepherds Walk, London	2	Flat
£2,145	06/24	0.32 mi	Collins Building, 2 Wilkinson Close, London, NW2	2	Flat
£1,746	07/24	0.36 mi	Dollis Hill Lane, Dollis Hill NW2	2	Flat
£1,750	09/24	0.38 mi	Westmeath House, London, NW2	2	Flat
£1,750	10/24	0.38 mi	-	2	Flat
£1,999	12/24	0.38 mi	-	2	Flat
£1,999	01/25	0.38 mi	-	2	Flat
£1,898	06/24	0.39 mi	Brook Road, Dollis Hill NW2	2	Flat
£2,200	03/25	0.4 mi	-	2	Flat
£2,450	07/24	0.41 mi	Wilkinson Close, Cricklewood, London, NW2	2	Flat
£2,300	10/24	0.41 mi	-	2	Flat
£2,380	02/25	0.41 mi	-	2	Flat
£2,200	01/25	0.41 mi	-	2	Flat
£2,250	06/24	0.42 mi	Wilkinson Close, London, NW2	2	Flat
£3,500	08/24	0.42 mi	-	2	Flat
£3,500	08/24	0.42 mi	-	2	Flat
£1,950	06/24	0.43 mi	-	2	Flat
£1,950	06/24	0.43 mi	Dollis Hill, London, NW2	2	Flat
£2,100	01/25	0.43 mi	-	2	Flat
£2,200	07/24	0.43 mi	-	2	Flat
£2,250	08/24	0.43 mi	Burnell Building, Brent Cross, NW2	2	Flat
£2,995	03/25	0.43 mi	-	2	Flat
£3,150	02/25	0.43 mi	-	2	Flat
£3,400	03/25	0.43 mi	-	2	Flat
£2,232	06/24	0.43 mi	Collins Building, London, NW2	2	Flat
£2,250	06/24	0.43 mi	-	2	Flat
£2,400	07/24	0.43 mi	-	2	Flat
£2,400	06/24	0.43 mi	Collins Building, London, NW2	2	Flat
£2,058	10/24	0.45 mi	-	2	Flat
£2,350	06/24	0.46 mi	Gladstone Park Gardens, London, NW2	2	Flat
£2,350	06/24	0.46 mi	-	2	Flat
£5,091	11/24	0.46 mi	-	2	Flat
£4,791	01/25	0.46 mi	-	2	Flat
£5,118	06/24	0.46 mi	-	2	Flat
£2,400	02/24	0.46 mi	-	2	Flat
£2,000	07/24	0.49 mi	-	2	Flat
£2,000	11/24	0.49 mi	-	2	Flat
£1,750	08/24	0.49 mi	Debham Court, Pinemartin Close, London, NW2	2	Flat
£2,100	01/25	0.51 mi	-	2	Flat
£2,000	11/24	0.52 mi	-	2	Flat
£2,000	01/25	0.52 mi	-	2	Flat

Local Area Statistics

Population in NW2	67,39367,393
Population in London	4,771,9214,771,921
Town centre distance	6.08 miles away6.08 miles away
Nearest school	0.30 miles away0.30 miles away
Nearest train station	0.31 miles away0.31 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	-1%-1%
Sales demand	Buyer's marketBuyer's market
Capital growth (5yrs)	+17%+17%

Property History

Listed for £325,000

August 1, 2024

Floor Plans

Description

• Gas central heating +
• Double glazed windows +
• Chain free sale +
• Two good sized bedrooms +
• Good sized kitchen +
• Residents parking +
• Security entry phone system to main door +
• Gross internal floor area of 671 sq ft (62 sq m) approximately +

A spacious second floor two double bedroom flat and situated in a purpose built residential development constructed circa 1930 and located at the junction of Coles Green Road and Crest Road and therefore being within a few yards of local shops and bus services. The property is offered for sale chain free and is located within 2 miles approximately of Brent Cross shopping complex and is located within a few hundred yards of the recently opened Brent Cross West Station with overground trains into London Kings Cross in approximately 15 minutes.

Agent Details

Hoopers, Neasden

020 3872 5329

Next Steps?

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ValuationUndervalued

CashflowsOpen in Analyser

Local Sold PricesDownload Show map

Local RentsDownload Show map

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Local Area Statistics

Property History

Floor Plans

Description

Agent Details

Next Steps?

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Local Sold Prices

Local Rents